GRILLI A-C: 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.
GRILLI A-C
Largest movements
- Tangible fixed assets +€59,590
up €59,590 (+491.5%), from €12,123 to €71,713
of which Land and buildings: +€59,771
- Cash +€2,977
up €2,977 (+2499.7%), from €119 to €3,096
mainly Debts after one year (+€50,060) and Short-term financial debts (+€25,519)
- Receivables after one year -€1,780
down €1,780 (-9.9%), from €18,000 to €16,220
- Receivables within one year -€1,390
down €1,390 (-3.8%), from €36,959 to €35,569
of which Other amounts receivable: -€1,306
- Debts after one year +€50,060
new in 2025: €50,060
- Short-term financial debts +€25,519
new in 2025: €25,519
- Trade debts -€12,513
down €12,513 (-79.9%), from €15,669 to €3,156
- Tax, wage and social debts -€10,206
down €10,206 (-53.2%), from €19,183 to €8,978
of which Taxes: -€8,322
- Current portion of long-term debt +€6,576
new in 2025: €6,576
- Gross operating margin -€9,826
down €9,826 (-24.0%), from €40,923 to €31,098
- Staff costs -€3,203
down €3,203 (-18.2%), from €17,637 to €14,434
- Taxes -€2,666
down €2,666 (-58.2%), from €4,576 to €1,911
- Financial charges +€2,652
up €2,652 (+126.6%), from €2,094 to €4,746
- Depreciation +€2,426
up €2,426 (+177.3%), from €1,368 to €3,794
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 | €70,992 | €130,674 | +€59,683 | +84.1% |
| Fixed assets | 21/28 | €12,371 | €71,961 | +€59,590 | +481.7% |
| Tangible fixed assets | 22/27 | €12,123 | €71,713 | +€59,590 | +491.5% |
| Land and buildings | 22 | €11,866 | €71,637 | +€59,771 | +503.7% |
| Furniture and vehicles | 24 | €257 | €76 | -€182 | -70.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €58,621 | €58,714 | +€93 | +0.2% |
| Amounts receivable after more than one year | 29 | €18,000 | €16,220 | -€1,780 | -9.9% |
| Other amounts receivable | 291 | €18,000 | €16,220 | -€1,780 | -9.9% |
| Stocks and contracts in progress | 3 | €2,900 | €3,200 | +€300 | +10.3% |
| Stocks | 30/36 | €2,900 | €3,200 | +€300 | +10.3% |
| Amounts receivable within one year | 40/41 | €36,959 | €35,569 | -€1,390 | -3.8% |
| Trade receivables | 40 | €23,555 | €23,471 | -€84 | -0.4% |
| Other amounts receivable | 41 | €13,404 | €12,098 | -€1,306 | -9.7% |
| Cash at bank and in hand | 54/58 | €119 | €3,096 | +€2,977 | +2499.7% |
| Deferred charges and accrued income | 490/1 | €643 | €629 | -€14 | -2.1% |
| Total equity and liabilities | 10/49 | €70,992 | €130,674 | +€59,683 | +84.1% |
| Equity | 10/15 | €36,139 | €36,385 | +€245 | +0.7% |
| Contributions | 10/11 | €7,000 | €7,906 | +€906 | +12.9% |
| Reserves | 13 | €906 | - | -€906 | |
| Non-distributable reserves | 130/1 | €906 | - | -€906 | |
| Reserves not available under the articles | 1311 | €906 | - | -€906 | |
| Profit (loss) carried forward | 14 | €28,233 | €28,478 | +€245 | +0.9% |
| Amounts payable | 17/49 | €34,853 | €94,290 | +€59,437 | +170.5% |
| Amounts payable after more than one year | 17 | - | €50,060 | +€50,060 | |
| Financial debts | 170/4 | - | €50,060 | +€50,060 | |
| Amounts payable within one year | 42/48 | €34,853 | €44,229 | +€9,377 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,576 | +€6,576 | |
| Financial debts | 43 | - | €25,519 | +€25,519 | |
| Credit institutions | 430/8 | - | €25,519 | +€25,519 | |
| Trade debts | 44 | €15,669 | €3,156 | -€12,513 | -79.9% |
| Suppliers | 440/4 | €15,669 | €3,156 | -€12,513 | -79.9% |
| Taxes, remuneration and social security | 45 | €19,183 | €8,978 | -€10,206 | -53.2% |
| Taxes | 450/3 | €17,299 | €8,978 | -€8,322 | -48.1% |
| Remuneration and social security | 454/9 | €1,884 | - | -€1,884 | |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €17,637 | €14,434 | -€3,203 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,368 | €3,794 | +€2,426 | +177.3% |
| Other operating charges | 640/8 | €2,425 | €2,013 | -€413 | -17.0% |
| Gross operating margin | 9900 | €40,923 | €31,098 | -€9,826 | -24.0% |
| Operating profit (loss) | 9901 | €19,493 | €10,858 | -€8,635 | -44.3% |
| Financial income | 75/76B | €413 | €45 | -€368 | -89.2% |
| Recurring financial income | 75 | €413 | €45 | -€368 | -89.2% |
| Financial charges | 65/66B | €2,094 | €4,746 | +€2,652 | +126.6% |
| Recurring financial charges | 65 | €2,094 | €4,746 | +€2,652 | +126.6% |
| Profit (loss) for the period before taxes | 9903 | €17,811 | €6,156 | -€11,655 | -65.4% |
| Income taxes | 67/77 | €4,576 | €1,911 | -€2,666 | -58.2% |
| Profit (loss) for the period | 9904 | €13,235 | €4,245 | -€8,990 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,235 | €4,245 | -€8,990 | -67.9% |
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 10 October 2026 via checked.be.