GRIFFONIA: 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.
GRIFFONIA
Largest movements
- Cash +€12,635
up €12,635 (+124.8%), from €10,127 to €22,762
mainly Net result for the year (+€49,908) and Other debts (+€40,861)
- Receivables within one year +€12,456
up €12,456 (+111.1%), from €11,213 to €23,669
of which Trade receivables: +€20,840
- Deferred charges and accrued income +€7,884
up €7,884 (+2180.1%), from €362 to €8,245
- Stocks and contracts +€3,505
up €3,505 (+30.8%), from €11,385 to €14,890
- Tangible fixed assets -€1,917
down €1,917 (-34.2%), from €5,611 to €3,694
- Other debts +€40,861
up €40,861 (+125.5%), from €32,562 to €73,422
- Profit (loss) carried forward -€11,261
no longer reported in 2025 (was €11,261)
- Tax, wage and social debts +€10,160
up €10,160 (+407.3%), from €2,495 to €12,655
- Trade debts -€5,329
down €5,329 (-84.8%), from €6,283 to €953
- Gross operating margin +€45,668
up €45,668 (+229.3%), from €19,918 to €65,586
- Taxes +€9,133
up €9,133 (+207.7%), from €4,397 to €13,530
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 | €71,150 | €106,350 | +€35,200 | +49.5% |
| Fixed assets | 21/28 | €6,151 | €4,234 | -€1,917 | -31.2% |
| Tangible fixed assets | 22/27 | €5,611 | €3,694 | -€1,917 | -34.2% |
| Furniture and vehicles | 24 | €5,611 | €3,694 | -€1,917 | -34.2% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €64,998 | €102,116 | +€37,117 | +57.1% |
| Amounts receivable after more than one year | 29 | €31,911 | €32,550 | +€638 | +2.0% |
| Other amounts receivable | 291 | €31,911 | €32,550 | +€638 | +2.0% |
| Stocks and contracts in progress | 3 | €11,385 | €14,890 | +€3,505 | +30.8% |
| Stocks | 30/36 | €11,385 | €14,890 | +€3,505 | +30.8% |
| Amounts receivable within one year | 40/41 | €11,213 | €23,669 | +€12,456 | +111.1% |
| Trade receivables | 40 | €552 | €21,393 | +€20,840 | +3775.0% |
| Other amounts receivable | 41 | €10,661 | €2,277 | -€8,385 | -78.6% |
| Cash at bank and in hand | 54/58 | €10,127 | €22,762 | +€12,635 | +124.8% |
| Deferred charges and accrued income | 490/1 | €362 | €8,245 | +€7,884 | +2180.1% |
| Total equity and liabilities | 10/49 | €71,150 | €106,350 | +€35,200 | +49.5% |
| Equity | 10/15 | €29,811 | €18,550 | -€11,261 | -37.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,261 | - | -€11,261 | |
| Amounts payable | 17/49 | €41,339 | €87,800 | +€46,461 | +112.4% |
| Amounts payable within one year | 42/48 | €41,339 | €87,800 | +€46,461 | +112.4% |
| Financial debts | 43 | - | €770 | +€770 | |
| Credit institutions | 430/8 | - | €770 | +€770 | |
| Trade debts | 44 | €6,283 | €953 | -€5,329 | -84.8% |
| Suppliers | 440/4 | €6,283 | €953 | -€5,329 | -84.8% |
| Taxes, remuneration and social security | 45 | €2,495 | €12,655 | +€10,160 | +407.3% |
| Taxes | 450/3 | €2,495 | €12,655 | +€10,160 | +407.3% |
| Other amounts payable | 47/48 | €32,562 | €73,422 | +€40,861 | +125.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,294 | €1,917 | -€377 | -16.4% |
| Other operating charges | 640/8 | €1,108 | €883 | -€225 | -20.3% |
| Gross operating margin | 9900 | €19,918 | €65,586 | +€45,668 | +229.3% |
| Operating profit (loss) | 9901 | €16,516 | €62,786 | +€46,270 | +280.2% |
| Financial income | 75/76B | €990 | €863 | -€126 | -12.8% |
| Recurring financial income | 75 | €990 | €863 | -€126 | -12.8% |
| Financial charges | 65/66B | €182 | €212 | +€30 | +16.5% |
| Recurring financial charges | 65 | €182 | €212 | +€30 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €17,324 | €63,437 | +€46,114 | +266.2% |
| Income taxes | 67/77 | €4,397 | €13,530 | +€9,133 | +207.7% |
| Profit (loss) for the period | 9904 | €12,927 | €49,908 | +€36,981 | +286.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,927 | €49,908 | +€36,981 | +286.1% |
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 4 October 2026 via checked.be.