GRIF-IMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GRIF-IMMO
Largest movements
- Tangible fixed assets +€7,261
up €7,261 (+2.2%), from €326,948 to €334,210
of which Land and buildings: +€8,026
- Receivables within one year +€4,866
up €4,866 (+153.5%), from €3,170 to €8,037
of which Other amounts receivable: +€2,734
- Debts after one year +€37,593
up €37,593 (+8.9%), from €421,609 to €459,202
- Profit (loss) carried forward -€13,953
down €13,953 (-6.1%), from -€228,520 to -€242,473
- Provisions -€6,288
down €6,288 (-7.5%), from €83,408 to €77,120
- Tax, wage and social debts -€4,663
down €4,663 (-31.0%), from €15,034 to €10,371
of which Remuneration and social security: -€3,124
- Gross operating margin +€4,076
up €4,076 (+7.9%), from €51,647 to €55,723
- Staff costs +€2,303
up €2,303 (+5.1%), from €45,228 to €47,531
- Depreciation +€891
up €891 (+5.5%), from €16,063 to €16,953
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,287 | €362,684 | +€14,397 | +4.1% |
| Fixed assets | 21/28 | €326,948 | €334,210 | +€7,261 | +2.2% |
| Tangible fixed assets | 22/27 | €326,948 | €334,210 | +€7,261 | +2.2% |
| Land and buildings | 22 | €325,726 | €333,752 | +€8,026 | +2.5% |
| Furniture and vehicles | 24 | €1,222 | €457 | -€765 | -62.6% |
| Current assets | 29/58 | €21,338 | €28,474 | +€7,136 | +33.4% |
| Amounts receivable after more than one year | 29 | €3,900 | €3,900 | = | 0.0% |
| Other amounts receivable | 291 | €3,900 | €3,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,170 | €8,037 | +€4,866 | +153.5% |
| Trade receivables | 40 | €3,167 | €5,299 | +€2,132 | +67.3% |
| Other amounts receivable | 41 | €3 | €2,738 | +€2,734 | +82856.1% |
| Cash at bank and in hand | 54/58 | €2,418 | €4,423 | +€2,005 | +82.9% |
| Deferred charges and accrued income | 490/1 | €11,850 | €12,114 | +€264 | +2.2% |
| Total equity and liabilities | 10/49 | €348,287 | €362,684 | +€14,397 | +4.1% |
| Equity | 10/15 | -€173,520 | -€187,473 | -€13,953 | -8.0% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,520 | -€242,473 | -€13,953 | -6.1% |
| Provisions and deferred taxes | 16 | €83,408 | €77,120 | -€6,288 | -7.5% |
| Provisions for liabilities and charges | 160/5 | €83,408 | €77,120 | -€6,288 | -7.5% |
| Other liabilities and charges | 164/5 | €83,408 | €77,120 | -€6,288 | -7.5% |
| Amounts payable | 17/49 | €438,399 | €473,037 | +€34,638 | +7.9% |
| Amounts payable after more than one year | 17 | €421,609 | €459,202 | +€37,593 | +8.9% |
| Other amounts payable | 178/9 | €421,609 | €459,202 | +€37,593 | +8.9% |
| Amounts payable within one year | 42/48 | €16,015 | €13,031 | -€2,984 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €982 | €2,661 | +€1,679 | +171.0% |
| Suppliers | 440/4 | €982 | €2,661 | +€1,679 | +171.0% |
| Taxes, remuneration and social security | 45 | €15,034 | €10,371 | -€4,663 | -31.0% |
| Taxes | 450/3 | €3,079 | €1,541 | -€1,539 | -50.0% |
| Remuneration and social security | 454/9 | €11,954 | €8,830 | -€3,124 | -26.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €775 | €804 | +€29 | +3.7% |
| Remuneration, social security and pensions | 62 | €45,228 | €47,531 | +€2,303 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,063 | €16,953 | +€891 | +5.5% |
| Other operating charges | 640/8 | €4,925 | €4,956 | +€31 | +0.6% |
| Non-recurring operating charges | 66A | - | €144 | +€144 | |
| Gross operating margin | 9900 | €51,647 | €55,723 | +€4,076 | +7.9% |
| Operating profit (loss) | 9901 | -€14,568 | -€13,862 | +€706 | +4.8% |
| Financial income | 75/76B | €11 | €4 | -€7 | -59.7% |
| Recurring financial income | 75 | €11 | €4 | -€7 | -59.7% |
| Financial charges | 65/66B | €126 | €102 | -€24 | -19.3% |
| Recurring financial charges | 65 | €126 | €102 | -€24 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,684 | -€13,959 | +€724 | +4.9% |
| Income taxes | 67/77 | €0 | -€7 | -€7 | |
| Profit (loss) for the period | 9904 | -€14,684 | -€13,953 | +€731 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,684 | -€13,953 | +€731 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.