GRIFFIN HOLDING: what changed
Two financial 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 HOLDING
Largest movements
- Receivables within one year +€7,000
up €7,000 (+25.0%), from €28,000 to €35,000
- Tangible fixed assets -€4,356
down €4,356 (-16.1%), from €27,091 to €22,735
- Cash +€4,085
up €4,085 (+305%), from €1,340 to €5,425
mainly Net result for the year (+€11,055) and Depreciation (+€4,356)
- Profit (loss) carried forward +€11,055
up €11,055 (+103%), from €10,692 to €21,747
- Other debts -€6,072
down €6,072 (-71.2%), from €8,528 to €2,456
- Trade debts +€1,746
up €1,746 (+10.1%), from €17,211 to €18,957
- Gross operating margin +€3,540
up €3,540 (+29.5%), from €12,014 to €15,554
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.
Derived cash bridge
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 | €56,431 | €63,160 | +€6,729 | +11.9% |
| Fixed assets | 21/28 | €27,091 | €22,735 | -€4,356 | -16.1% |
| Tangible fixed assets | 22/27 | €27,091 | €22,735 | -€4,356 | -16.1% |
| Other tangible fixed assets | 26 | €27,091 | €22,735 | -€4,356 | -16.1% |
| Current assets | 29/58 | €29,340 | €40,425 | +€11,085 | +37.8% |
| Amounts receivable within one year | 40/41 | €28,000 | €35,000 | +€7,000 | +25.0% |
| Trade receivables | 40 | €28,000 | €35,000 | +€7,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €1,340 | €5,425 | +€4,085 | +305% |
| Total equity and liabilities | 10/49 | €56,431 | €63,160 | +€6,729 | +11.9% |
| Equity | 10/15 | €30,692 | €41,747 | +€11,055 | +36.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,692 | €21,747 | +€11,055 | +103% |
| Amounts payable | 17/49 | €25,739 | €21,413 | -€4,326 | -16.8% |
| Amounts payable within one year | 42/48 | €25,739 | €21,413 | -€4,326 | -16.8% |
| Trade debts | 44 | €17,211 | €18,957 | +€1,746 | +10.1% |
| Suppliers | 440/4 | €17,211 | €18,957 | +€1,746 | +10.1% |
| Other amounts payable | 47/48 | €8,528 | €2,456 | -€6,072 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €4,356 | = | 0.0% |
| Gross operating margin | 9900 | €12,014 | €15,554 | +€3,540 | +29.5% |
| Operating profit (loss) | 9901 | €7,658 | €11,198 | +€3,540 | +46.2% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €153 | €153 | +€0 | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €7,505 | €11,055 | +€3,550 | +47.3% |
| Profit (loss) for the period | 9904 | €7,505 | €11,055 | +€3,550 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,505 | €11,055 | +€3,550 | +47.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.