GRIFFIN FINANCIAL STRUCTURING: 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.
GRIFFIN FINANCIAL STRUCTURING
Largest movements
- Deferred charges and accrued income +€48,020
new in 2025: €48,020
- Cash -€45,415
down €45,415 (-45.3%), from €100,254 to €54,839
mainly Deferred charges and accrued income (-€48,020) and Net result for the year (-€12,811)
- Receivables within one year -€15,726
down €15,726 (-28.1%), from €56,000 to €40,274
- Profit (loss) carried forward -€12,811
down €12,811 (-25.8%), from -€49,692 to -€62,503
- Financial charges -€12,005
down €12,005 (-11.1%), from €108,183 to €96,178
- Financial income -€10,760
down €10,760 (-10.0%), from €107,540 to €96,780
- Gross operating margin +€4,868
up €4,868 (+32.8%), from -€14,821 to -€9,954
- Other operating charges -€645
down €645 (-15.7%), from €4,104 to €3,459
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 | €167,754 | €154,634 | -€13,121 | -7.8% |
| Fixed assets | 21/28 | €11,500 | €11,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,500 | €11,500 | = | 0.0% |
| Land and buildings | 22 | €11,500 | €11,500 | = | 0.0% |
| Current assets | 29/58 | €156,254 | €143,134 | -€13,121 | -8.4% |
| Amounts receivable within one year | 40/41 | €56,000 | €40,274 | -€15,726 | -28.1% |
| Other amounts receivable | 41 | €56,000 | €40,274 | -€15,726 | -28.1% |
| Cash at bank and in hand | 54/58 | €100,254 | €54,839 | -€45,415 | -45.3% |
| Deferred charges and accrued income | 490/1 | - | €48,020 | +€48,020 | |
| Total equity and liabilities | 10/49 | €167,754 | €154,634 | -€13,121 | -7.8% |
| Equity | 10/15 | €149,949 | €137,138 | -€12,811 | -8.5% |
| Contributions | 10/11 | €140,912 | €140,912 | = | 0.0% |
| Reserves | 13 | €58,729 | €58,729 | = | 0.0% |
| Distributable reserves | 133 | €58,729 | €58,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,692 | -€62,503 | -€12,811 | -25.8% |
| Amounts payable | 17/49 | €17,805 | €17,496 | -€310 | -1.7% |
| Amounts payable within one year | 42/48 | €17,805 | €17,496 | -€310 | -1.7% |
| Trade debts | 44 | €310 | - | -€310 | |
| Suppliers | 440/4 | €310 | - | -€310 | |
| Other amounts payable | 47/48 | €17,496 | €17,496 | = | 0.0% |
| Non-recurring operating income | 76A | €3,713 | - | -€3,713 | |
| Other operating charges | 640/8 | €4,104 | €3,459 | -€645 | -15.7% |
| Gross operating margin | 9900 | -€14,821 | -€9,954 | +€4,868 | +32.8% |
| Operating profit (loss) | 9901 | -€18,926 | -€13,413 | +€5,513 | +29.1% |
| Financial income | 75/76B | €107,540 | €96,780 | -€10,760 | -10.0% |
| Recurring financial income | 75 | €107,540 | €96,780 | -€10,760 | -10.0% |
| Financial charges | 65/66B | €108,183 | €96,178 | -€12,005 | -11.1% |
| Recurring financial charges | 65 | €108,183 | €96,178 | -€12,005 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,569 | -€12,811 | +€6,757 | +34.5% |
| Profit (loss) for the period | 9904 | -€19,569 | -€12,811 | +€6,757 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,569 | -€12,811 | +€6,757 | +34.5% |
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 3 October 2026 via checked.be.