GRIFFIOEN: 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.
GRIFFIOEN
Largest movements
- Cash +€26,369
up €26,369 (+66.7%), from €39,551 to €65,920
mainly Depreciation (+€21,299) and Current portion of long-term debt (+€11,701)
- Tangible fixed assets -€21,299
down €21,299 (-4.8%), from €442,659 to €421,360
- Current portion of long-term debt +€11,701
new in 2025: €11,701
- Other debts -€10,500
down €10,500 (-88.6%), from €11,846 to €1,346
- Gross operating margin +€20,244
up €20,244 (+94.0%), from €21,534 to €41,778
- Financial charges +€2,621
up €2,621 (+24.2%), from €10,846 to €13,467
- Depreciation -€842
down €842 (-3.8%), from €22,141 to €21,299
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 | €483,204 | €487,511 | +€4,307 | +0.9% |
| Fixed assets | 21/28 | €442,659 | €421,360 | -€21,299 | -4.8% |
| Tangible fixed assets | 22/27 | €442,659 | €421,360 | -€21,299 | -4.8% |
| Land and buildings | 22 | €442,659 | €421,360 | -€21,299 | -4.8% |
| Current assets | 29/58 | €40,545 | €66,151 | +€25,606 | +63.2% |
| Amounts receivable within one year | 40/41 | €217 | €232 | +€15 | +6.9% |
| Other amounts receivable | 41 | €217 | €232 | +€15 | +6.9% |
| Cash at bank and in hand | 54/58 | €39,551 | €65,920 | +€26,369 | +66.7% |
| Deferred charges and accrued income | 490/1 | €778 | €0 | -€778 | -100.0% |
| Total equity and liabilities | 10/49 | €483,204 | €487,511 | +€4,307 | +0.9% |
| Equity | 10/15 | -€4,230 | €62 | +€4,292 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,230 | -€9,938 | +€4,292 | +30.2% |
| Amounts payable | 17/49 | €487,434 | €487,449 | +€15 | 0.0% |
| Amounts payable after more than one year | 17 | €475,000 | €473,799 | -€1,201 | -0.3% |
| Financial debts | 170/4 | €475,000 | €463,299 | -€11,701 | -2.5% |
| Other amounts payable | 178/9 | - | €10,500 | +€10,500 | |
| Amounts payable within one year | 42/48 | €12,368 | €13,583 | +€1,215 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,701 | +€11,701 | |
| Trade debts | 44 | €522 | €536 | +€14 | +2.7% |
| Suppliers | 440/4 | €522 | €536 | +€14 | +2.7% |
| Other amounts payable | 47/48 | €11,846 | €1,346 | -€10,500 | -88.6% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,141 | €21,299 | -€842 | -3.8% |
| Other operating charges | 640/8 | €2,777 | €2,720 | -€56 | -2.0% |
| Gross operating margin | 9900 | €21,534 | €41,778 | +€20,244 | +94.0% |
| Operating profit (loss) | 9901 | -€3,383 | €17,759 | +€21,142 | |
| Financial charges | 65/66B | €10,846 | €13,467 | +€2,621 | +24.2% |
| Recurring financial charges | 65 | €10,846 | €13,467 | +€2,621 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,230 | €4,292 | +€18,521 | |
| Profit (loss) for the period | 9904 | -€14,230 | €4,292 | +€18,521 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,230 | €4,292 | +€18,521 |
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 9 October 2026 via checked.be.