Griffon Contractor: 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.
Griffon Contractor
Largest movements
- Receivables within one year +€56,074
up €56,074 (+170%), from €32,998 to €89,072
of which Trade receivables: +€50,289
- Cash -€8,945
down €8,945 (-100.0%), from €8,946 to €0
mainly Receivables within one year (-€56,074) and Investment in fixed assets (net) (-€18,315)
- Trade debts +€52,355
up €52,355 (+158%), from €33,048 to €85,403
- Other debts -€12,953
down €12,953 (-45.6%), from €28,393 to €15,440
- Short-term financial debts +€10,853
new in 2025: €10,853
- Current portion of long-term debt +€5,135
up €5,135 (+55.1%), from €9,320 to €14,455
- Debts after one year -€3,453
down €3,453 (-1.9%), from €180,512 to €177,059
- Staff costs -€14,745
down €14,745 (-69.6%), from €21,172 to €6,427
- Gross operating margin +€10,175
up €10,175 (+35.9%), from €28,357 to €38,532
- Depreciation +€3,894
up €3,894 (+34.0%), from €11,458 to €15,352
- Taxes +€1,523
up €1,523 (+867%), from €176 to €1,699
- Other operating charges +€1,457
up €1,457 (+44.5%), from €3,272 to €4,730
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 | €293,963 | €345,155 | +€51,192 | +17.4% |
| Fixed assets | 21/28 | €244,467 | €247,430 | +€2,963 | +1.2% |
| Tangible fixed assets | 22/27 | €243,176 | €246,139 | +€2,963 | +1.2% |
| Land and buildings | 22 | €241,049 | €231,546 | -€9,503 | -3.9% |
| Plant, machinery and equipment | 23 | €436 | €13 | -€423 | -97.1% |
| Furniture and vehicles | 24 | €1,691 | €14,580 | +€12,889 | +762% |
| Financial fixed assets | 28 | €1,291 | €1,291 | = | 0.0% |
| Current assets | 29/58 | €49,497 | €97,725 | +€48,229 | +97.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,998 | €89,072 | +€56,074 | +170% |
| Trade receivables | 40 | €32,483 | €82,772 | +€50,289 | +155% |
| Other amounts receivable | 41 | €515 | €6,300 | +€5,785 | +1,124% |
| Cash at bank and in hand | 54/58 | €8,946 | €0 | -€8,945 | -100.0% |
| Deferred charges and accrued income | 490/1 | €5,053 | €6,153 | +€1,100 | +21.8% |
| Total equity and liabilities | 10/49 | €293,963 | €345,155 | +€51,192 | +17.4% |
| Equity | 10/15 | €37,921 | €40,317 | +€2,396 | +6.3% |
| Contributions | 10/11 | €19,937 | €19,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,984 | €20,380 | +€2,396 | +13.3% |
| Amounts payable | 17/49 | €256,042 | €304,838 | +€48,796 | +19.1% |
| Amounts payable after more than one year | 17 | €180,512 | €177,059 | -€3,453 | -1.9% |
| Financial debts | 170/4 | €180,512 | €177,059 | -€3,453 | -1.9% |
| Amounts payable within one year | 42/48 | €75,530 | €127,670 | +€52,140 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | €9,320 | €14,455 | +€5,135 | +55.1% |
| Financial debts | 43 | - | €10,853 | +€10,853 | |
| Credit institutions | 430/8 | - | €10,853 | +€10,853 | |
| Trade debts | 44 | €33,048 | €85,403 | +€52,355 | +158% |
| Suppliers | 440/4 | €33,048 | €85,403 | +€52,355 | +158% |
| Taxes, remuneration and social security | 45 | €4,769 | €1,519 | -€3,249 | -68.1% |
| Taxes | 450/3 | €642 | €952 | +€310 | +48.2% |
| Remuneration and social security | 454/9 | €4,126 | €567 | -€3,559 | -86.3% |
| Other amounts payable | 47/48 | €28,393 | €15,440 | -€12,953 | -45.6% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Non-recurring operating income | 76A | €25,777 | - | -€25,777 | |
| Remuneration, social security and pensions | 62 | €21,172 | €6,427 | -€14,745 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,458 | €15,352 | +€3,894 | +34.0% |
| Other operating charges | 640/8 | €3,272 | €4,730 | +€1,457 | +44.5% |
| Non-recurring operating charges | 66A | - | €326 | +€326 | |
| Gross operating margin | 9900 | €28,357 | €38,532 | +€10,175 | +35.9% |
| Operating profit (loss) | 9901 | -€7,546 | €11,696 | +€19,242 | |
| Financial income | 75/76B | €38 | €170 | +€132 | +343% |
| Recurring financial income | 75 | €38 | €170 | +€132 | +343% |
| Financial charges | 65/66B | €7,866 | €7,772 | -€94 | -1.2% |
| Recurring financial charges | 65 | €7,866 | €7,772 | -€94 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,374 | €4,095 | +€19,469 | |
| Income taxes | 67/77 | €176 | €1,699 | +€1,523 | +867% |
| Profit (loss) for the period | 9904 | -€15,549 | €2,396 | +€17,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,549 | €2,396 | +€17,945 |
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 20 October 2026 via checked.be.