GRIGORYAN & CO: 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.
GRIGORYAN & CO
Largest movements
- Receivables within one year +€59,476
up €59,476 (+495%), from €12,006 to €71,482
of which Other amounts receivable: +€59,476
- Tangible fixed assets -€7,909
down €7,909 (-29.3%), from €26,989 to €19,080
of which Plant, machinery and equipment: -€5,976
- Cash -€1,831
down €1,831 (-69.8%), from €2,623 to €792
mainly Receivables within one year (-€59,476) and Stocks and contracts (-€1,281)
- Intangible fixed assets -€1,815
no longer reported in 2025 (was €1,815)
- Stocks and contracts +€1,281
up €1,281 (+25.8%), from €4,965 to €6,246
- Other debts +€16,097
up €16,097 (+11.8%), from €135,994 to €152,091
- Profit (loss) carried forward +€13,485
up €13,485 (+11.2%), from -€119,979 to -€106,493
- Trade debts +€9,923
up €9,923 (+88.1%), from €11,268 to €21,191
- Tax, wage and social debts +€9,697
up €9,697 (+87.2%), from €11,115 to €20,812
of which Taxes: +€9,697
- Gross operating margin +€15,525
up €15,525 (+169%), from €9,159 to €24,684
- Depreciation -€1,385
down €1,385 (-12.5%), from €11,109 to €9,724
- Other operating charges -€1,305
down €1,305 (-96.3%), from €1,355 to €50
- Staff costs -€584
down €584 (-76.7%), from €761 to €177
- Financial charges -€281
down €281 (-18.4%), from €1,529 to €1,248
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 | €48,398 | €97,600 | +€49,202 | +102% |
| Fixed assets | 21/28 | €28,804 | €19,080 | -€9,724 | -33.8% |
| Intangible fixed assets | 21 | €1,815 | - | -€1,815 | |
| Tangible fixed assets | 22/27 | €26,989 | €19,080 | -€7,909 | -29.3% |
| Land and buildings | 22 | €4,522 | €4,336 | -€186 | -4.1% |
| Plant, machinery and equipment | 23 | €17,202 | €11,226 | -€5,976 | -34.7% |
| Furniture and vehicles | 24 | €5,265 | €3,518 | -€1,747 | -33.2% |
| Current assets | 29/58 | €19,594 | €78,520 | +€58,926 | +301% |
| Stocks and contracts in progress | 3 | €4,965 | €6,246 | +€1,281 | +25.8% |
| Stocks | 30/36 | €4,965 | €6,246 | +€1,281 | +25.8% |
| Amounts receivable within one year | 40/41 | €12,006 | €71,482 | +€59,476 | +495% |
| Trade receivables | 40 | €11,683 | €11,683 | = | 0.0% |
| Other amounts receivable | 41 | €323 | €59,799 | +€59,476 | +18,398% |
| Cash at bank and in hand | 54/58 | €2,623 | €792 | -€1,831 | -69.8% |
| Total equity and liabilities | 10/49 | €48,398 | €97,600 | +€49,202 | +102% |
| Equity | 10/15 | -€109,979 | -€96,493 | +€13,485 | +12.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,979 | -€106,493 | +€13,485 | +11.2% |
| Amounts payable | 17/49 | €158,377 | €194,094 | +€35,717 | +22.6% |
| Amounts payable within one year | 42/48 | €158,377 | €194,094 | +€35,717 | +22.6% |
| Trade debts | 44 | €11,268 | €21,191 | +€9,923 | +88.1% |
| Suppliers | 440/4 | €11,268 | €21,191 | +€9,923 | +88.1% |
| Taxes, remuneration and social security | 45 | €11,115 | €20,812 | +€9,697 | +87.2% |
| Taxes | 450/3 | €11,105 | €20,802 | +€9,697 | +87.3% |
| Remuneration and social security | 454/9 | €10 | €10 | = | 0.0% |
| Other amounts payable | 47/48 | €135,994 | €152,091 | +€16,097 | +11.8% |
| Remuneration, social security and pensions | 62 | €761 | €177 | -€584 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,109 | €9,724 | -€1,385 | -12.5% |
| Other operating charges | 640/8 | €1,355 | €50 | -€1,305 | -96.3% |
| Gross operating margin | 9900 | €9,159 | €24,684 | +€15,525 | +169% |
| Operating profit (loss) | 9901 | -€4,066 | €14,733 | +€18,799 | |
| Financial charges | 65/66B | €1,529 | €1,248 | -€281 | -18.4% |
| Recurring financial charges | 65 | €1,529 | €1,248 | -€281 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,595 | €13,485 | +€19,080 | |
| Profit (loss) for the period | 9904 | -€5,595 | €13,485 | +€19,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,595 | €13,485 | +€19,080 |
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.