GRIKAROS: 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
GRIKAROS
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€21,596
2024 · €85,544-€107,140
Equity
€804,054
2024 · €825,650-€21,596
Cash
€200,904
2024 · €227,951-€27,047
Balance sheet total
€1.6m
2024 · €1.7m-€175,523
Largest movements
Assets
- Tangible fixed assets -€154,368
down €154,368 (-10.9%), from €1.4m to €1.3m
- Cash -€27,047
down €27,047 (-11.9%), from €227,951 to €200,904
mainly Debts after one year (-€146,491) and Investment in fixed assets (net) (-€57,113)
Equity and liabilities
- Debts after one year -€146,491
down €146,491 (-20.2%), from €726,406 to €579,915
- Profit (loss) carried forward -€21,596
down €21,596 (-37.6%), from €57,477 to €35,881
- Current portion of long-term debt -€18,557
down €18,557 (-13.9%), from €133,274 to €114,717
Income statement
- Depreciation +€57,252
up €57,252 (+37.2%), from €154,092 to €211,344
- Gross operating margin -€56,116
down €56,116 (-20.3%), from €275,994 to €219,878
- Taxes -€16,534
down €16,534, from €15,940 to -€594
- Financial charges +€10,776
up €10,776 (+60.5%), from €17,812 to €28,588
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
€85,544
Gross operating margin
-€56,116
Depreciation
-€57,252
Write-downs
-€647
Other operating charges
-€129
Financial income
+€1,247
Financial charges
-€10,776
Taxes
+€16,534
Result 2025
-€21,596
raises the resultlowers the result
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
+€175,784
Investment
-€48,113
Financing
-€154,718
Cash 2024
€227,951
From operations (derived)
+€175,784
Net result for the year
-€21,596
Depreciation
+€211,344
Receivables within one year
-€13,225
Deferred charges and accrued income
-€1,530
Trade debts
-€5,528
Tax, wage and social debts
+€6,319
Accrued charges and deferred income
+€1
Investment (derived)
-€48,113
Investment in fixed assets (net)
-€57,113
Current investments
+€9,000
Financing
-€154,718
Debts after one year
-€146,491
Current portion of long-term debt
-€18,557
Short-term financial debts
+€10,330
Contributions, distributions and other
-€0
Cash 2025
€200,904
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,734,252 | €1,558,729 | -€175,523 | -10.1% |
| Fixed assets | 21/28 | €1,424,520 | €1,270,289 | -€154,231 | -10.8% |
| Tangible fixed assets | 22/27 | €1,416,330 | €1,261,962 | -€154,368 | -10.9% |
| Land and buildings | 22 | €821,397 | €791,457 | -€29,940 | -3.6% |
| Plant, machinery and equipment | 23 | €341,555 | €283,217 | -€58,338 | -17.1% |
| Furniture and vehicles | 24 | €14,015 | €5,283 | -€8,732 | -62.3% |
| Leasing and similar rights | 25 | €239,364 | €182,005 | -€57,359 | -24.0% |
| Financial fixed assets | 28 | €8,190 | €8,327 | +€137 | +1.7% |
| Current assets | 29/58 | €309,732 | €288,440 | -€21,292 | -6.9% |
| Amounts receivable within one year | 40/41 | €54,401 | €67,626 | +€13,225 | +24.3% |
| Trade receivables | 40 | €54,401 | €67,626 | +€13,225 | +24.3% |
| Current investments | 50/53 | €25,000 | €16,000 | -€9,000 | -36.0% |
| Cash at bank and in hand | 54/58 | €227,951 | €200,904 | -€27,047 | -11.9% |
| Deferred charges and accrued income | 490/1 | €2,380 | €3,910 | +€1,530 | +64.3% |
| Total equity and liabilities | 10/49 | €1,734,252 | €1,558,729 | -€175,523 | -10.1% |
| Equity | 10/15 | €825,650 | €804,054 | -€21,596 | -2.6% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | -€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | -€0 | 0.0% |
| Reserves | 13 | €706,200 | €706,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,477 | €35,881 | -€21,596 | -37.6% |
| Amounts payable | 17/49 | €908,602 | €754,675 | -€153,927 | -16.9% |
| Amounts payable after more than one year | 17 | €726,406 | €579,915 | -€146,491 | -20.2% |
| Financial debts | 170/4 | €726,406 | €579,915 | -€146,491 | -20.2% |
| Amounts payable within one year | 42/48 | €182,133 | €174,697 | -€7,436 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €133,274 | €114,717 | -€18,557 | -13.9% |
| Financial debts | 43 | €18,000 | €28,330 | +€10,330 | +57.4% |
| Other loans | 439 | €18,000 | €28,330 | +€10,330 | +57.4% |
| Trade debts | 44 | €29,866 | €24,338 | -€5,528 | -18.5% |
| Suppliers | 440/4 | €29,866 | €24,338 | -€5,528 | -18.5% |
| Taxes, remuneration and social security | 45 | €993 | €7,312 | +€6,319 | +636% |
| Taxes | 450/3 | €993 | €7,312 | +€6,319 | +636% |
| Accrued charges and deferred income | 492/3 | €63 | €63 | +€1 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,092 | €211,344 | +€57,252 | +37.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €647 | +€647 | |
| Other operating charges | 640/8 | €3,357 | €3,486 | +€129 | +3.8% |
| Gross operating margin | 9900 | €275,994 | €219,878 | -€56,116 | -20.3% |
| Operating profit (loss) | 9901 | €118,546 | €4,401 | -€114,145 | -96.3% |
| Financial income | 75/76B | €750 | €1,997 | +€1,247 | +166% |
| Recurring financial income | 75 | €750 | €1,997 | +€1,247 | +166% |
| Financial charges | 65/66B | €17,812 | €28,588 | +€10,776 | +60.5% |
| Recurring financial charges | 65 | €17,812 | €28,588 | +€10,776 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €101,484 | -€22,190 | -€123,674 | |
| Income taxes | 67/77 | €15,940 | -€594 | -€16,534 | |
| Profit (loss) for the period | 9904 | €85,544 | -€21,596 | -€107,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,544 | -€21,596 | -€107,140 |
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 27 October 2026 via checked.be.