GRIFFION: 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.
What changed
GRIFFION
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,306
2024 · €61,394+€4,912
Equity
€1.2m
2024 · €1.2m+€66,306
Cash
€35,752
2024 · €47,865-€12,113
Balance sheet total
€2.0m
2024 · €1.9m+€142,317
Largest movements
Assets
- Tangible fixed assets +€157,568
up €157,568 (+8.8%), from €1.8m to €1.9m
of which Land and buildings: +€152,113
Equity and liabilities
- Other debts +€204,341
up €204,341 (+435%), from €46,960 to €251,301
- Debts after one year -€104,683
down €104,683 (-25.4%), from €411,338 to €306,655
- Reserves +€66,306
up €66,306 (+6.6%), from €1.0m to €1.1m
of which Distributable reserves: +€73,112
Income statement
- Gross operating margin +€13,206
up €13,206 (+6.8%), from €193,124 to €206,330
- Financial charges +€9,251
up €9,251 (+71.9%), from €12,863 to €22,114
- Depreciation -€3,435
down €3,435 (-3.4%), from €101,213 to €97,779
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.
Result 2024
€61,394
Gross operating margin
+€13,206
Depreciation
+€3,435
Other operating charges
-€139
Other operating items
-€815
Financial income
-€19
Financial charges
-€9,251
Taxes
-€1,312
Deferred taxes and other
-€194
Result 2025
€66,306
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€344,788
Investment
-€254,781
Financing
-€102,120
Cash 2024
€47,865
From operations (derived)
+€344,788
Net result for the year
+€66,306
Depreciation
+€97,779
Receivables within one year
+€1,898
Deferred charges and accrued income
+€675
Provisions
-€2,269
Trade debts
-€17,013
Tax, wage and social debts
-€6,912
Other debts
+€204,341
Accrued charges and deferred income
-€15
Investment (derived)
-€254,781
Investment in fixed assets (net)
-€254,781
Financing
-€102,120
Debts after one year
-€104,683
Current portion of long-term debt
+€2,563
Cash 2025
€35,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,850,288 | €1,992,605 | +€142,317 | +7.7% |
| Fixed assets | 21/28 | €1,788,032 | €1,945,034 | +€157,002 | +8.8% |
| Intangible fixed assets | 21 | €565 | €0 | -€565 | -100% |
| Tangible fixed assets | 22/27 | €1,787,467 | €1,945,034 | +€157,568 | +8.8% |
| Land and buildings | 22 | €1,780,756 | €1,932,869 | +€152,113 | +8.5% |
| Plant, machinery and equipment | 23 | €5,064 | €7,130 | +€2,066 | +40.8% |
| Furniture and vehicles | 24 | €1,646 | €5,035 | +€3,389 | +206% |
| Current assets | 29/58 | €62,256 | €47,571 | -€14,685 | -23.6% |
| Amounts receivable within one year | 40/41 | €8,123 | €6,225 | -€1,898 | -23.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,123 | €6,225 | -€1,898 | -23.4% |
| Cash at bank and in hand | 54/58 | €47,865 | €35,752 | -€12,113 | -25.3% |
| Deferred charges and accrued income | 490/1 | €6,269 | €5,594 | -€675 | -10.8% |
| Total equity and liabilities | 10/49 | €1,850,288 | €1,992,605 | +€142,317 | +7.7% |
| Equity | 10/15 | €1,168,894 | €1,235,200 | +€66,306 | +5.7% |
| Contributions | 10/11 | €158,960 | €158,960 | = | 0.0% |
| Reserves | 13 | €1,009,935 | €1,076,241 | +€66,306 | +6.6% |
| Tax-exempt reserves | 132 | €182,463 | €175,656 | -€6,807 | -3.7% |
| Distributable reserves | 133 | €827,472 | €900,584 | +€73,112 | +8.8% |
| Provisions and deferred taxes | 16 | €60,821 | €58,552 | -€2,269 | -3.7% |
| Deferred taxes | 168 | €60,821 | €58,552 | -€2,269 | -3.7% |
| Amounts payable | 17/49 | €620,573 | €698,853 | +€78,280 | +12.6% |
| Amounts payable after more than one year | 17 | €411,338 | €306,655 | -€104,683 | -25.4% |
| Financial debts | 170/4 | €411,338 | €306,655 | -€104,683 | -25.4% |
| Amounts payable within one year | 42/48 | €209,132 | €392,110 | +€182,978 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | €102,120 | €104,683 | +€2,563 | +2.5% |
| Trade debts | 44 | €29,140 | €12,126 | -€17,013 | -58.4% |
| Suppliers | 440/4 | €29,140 | €12,126 | -€17,013 | -58.4% |
| Taxes, remuneration and social security | 45 | €30,912 | €24,000 | -€6,912 | -22.4% |
| Taxes | 450/3 | €29,062 | €22,150 | -€6,912 | -23.8% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €46,960 | €251,301 | +€204,341 | +435% |
| Accrued charges and deferred income | 492/3 | €103 | €88 | -€15 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,213 | €97,779 | -€3,435 | -3.4% |
| Other operating charges | 640/8 | €2,672 | €2,810 | +€139 | +5.2% |
| Non-recurring operating charges | 66A | €0 | €815 | +€815 | |
| Gross operating margin | 9900 | €193,124 | €206,330 | +€13,206 | +6.8% |
| Operating profit (loss) | 9901 | €89,239 | €104,926 | +€15,688 | +17.6% |
| Financial income | 75/76B | €19 | €0 | -€19 | -99.9% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -99.9% |
| Financial charges | 65/66B | €12,863 | €22,114 | +€9,251 | +71.9% |
| Recurring financial charges | 65 | €12,863 | €22,114 | +€9,251 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €76,395 | €82,812 | +€6,417 | +8.4% |
| Transfer from deferred taxes | 780 | €2,463 | €2,269 | -€194 | -7.9% |
| Income taxes | 67/77 | €17,464 | €18,775 | +€1,312 | +7.5% |
| Profit (loss) for the period | 9904 | €61,394 | €66,306 | +€4,912 | +8.0% |
| Transfer from tax-exempt reserves | 789 | €7,389 | €6,807 | -€582 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,783 | €73,112 | +€4,329 | +6.3% |
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 13 October 2026 via checked.be.