GRILLI RENOVATION: 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 RENOVATION
Largest movements
- Cash +€26,219
up €26,219 (+56.4%), from €46,450 to €72,669
mainly Net result for the year (+€39,590) and Debts after one year (+€18,372)
- Tangible fixed assets +€21,471
up €21,471 (+79.4%), from €27,045 to €48,515
of which Furniture and vehicles: +€28,390
- Receivables within one year -€2,488
down €2,488 (-44.3%), from €5,614 to €3,126
of which Other amounts receivable: -€2,488
- Reserves +€39,590
up €39,590 (+90.9%), from €43,561 to €83,150
- Debts after one year +€18,372
new in 2025: €18,372
- Trade debts -€7,939
down €7,939 (-93.9%), from €8,454 to €515
- Other debts -€4,528
down €4,528 (-78.0%), from €5,809 to €1,281
- Gross operating margin +€17,954
up €17,954 (+34.7%), from €51,739 to €69,693
- Depreciation +€5,008
up €5,008 (+69.2%), from €7,234 to €12,242
- Taxes +€3,140
up €3,140 (+26.8%), from €11,722 to €14,862
- Other operating charges +€777
up €777 (+62.6%), from €1,241 to €2,018
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 | €81,026 | €126,888 | +€45,862 | +56.6% |
| Fixed assets | 21/28 | €27,045 | €48,515 | +€21,471 | +79.4% |
| Tangible fixed assets | 22/27 | €27,045 | €48,515 | +€21,471 | +79.4% |
| Plant, machinery and equipment | 23 | €26,144 | €19,224 | -€6,920 | -26.5% |
| Furniture and vehicles | 24 | €901 | €29,291 | +€28,390 | +3,152% |
| Current assets | 29/58 | €53,981 | €78,373 | +€24,392 | +45.2% |
| Amounts receivable within one year | 40/41 | €5,614 | €3,126 | -€2,488 | -44.3% |
| Trade receivables | 40 | €1,166 | €1,166 | = | 0.0% |
| Other amounts receivable | 41 | €4,448 | €1,960 | -€2,488 | -55.9% |
| Cash at bank and in hand | 54/58 | €46,450 | €72,669 | +€26,219 | +56.4% |
| Deferred charges and accrued income | 490/1 | €1,917 | €2,577 | +€660 | +34.5% |
| Total equity and liabilities | 10/49 | €81,026 | €126,888 | +€45,862 | +56.6% |
| Equity | 10/15 | €48,561 | €88,150 | +€39,590 | +81.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,561 | €83,150 | +€39,590 | +90.9% |
| Distributable reserves | 133 | €43,561 | €83,150 | +€39,590 | +90.9% |
| Amounts payable | 17/49 | €32,465 | €38,738 | +€6,273 | +19.3% |
| Amounts payable after more than one year | 17 | - | €18,372 | +€18,372 | |
| Financial debts | 170/4 | - | €18,372 | +€18,372 | |
| Amounts payable within one year | 42/48 | €32,465 | €20,366 | -€12,099 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €17,038 | €17,209 | +€171 | +1.0% |
| Trade debts | 44 | €8,454 | €515 | -€7,939 | -93.9% |
| Suppliers | 440/4 | €8,454 | €515 | -€7,939 | -93.9% |
| Taxes, remuneration and social security | 45 | €1,164 | €1,362 | +€198 | +17.0% |
| Taxes | 450/3 | €14 | €1,362 | +€1,348 | +9,646% |
| Remuneration and social security | 454/9 | €1,150 | - | -€1,150 | |
| Other amounts payable | 47/48 | €5,809 | €1,281 | -€4,528 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,234 | €12,242 | +€5,008 | +69.2% |
| Other operating charges | 640/8 | €1,241 | €2,018 | +€777 | +62.6% |
| Gross operating margin | 9900 | €51,739 | €69,693 | +€17,954 | +34.7% |
| Operating profit (loss) | 9901 | €43,264 | €55,433 | +€12,169 | +28.1% |
| Financial income | 75/76B | €516 | €424 | -€92 | -17.8% |
| Recurring financial income | 75 | €516 | €424 | -€92 | -17.8% |
| Financial charges | 65/66B | €763 | €1,407 | +€643 | +84.3% |
| Recurring financial charges | 65 | €763 | €1,407 | +€643 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €43,018 | €54,451 | +€11,434 | +26.6% |
| Income taxes | 67/77 | €11,722 | €14,862 | +€3,140 | +26.8% |
| Profit (loss) for the period | 9904 | €31,296 | €39,590 | +€8,294 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,296 | €39,590 | +€8,294 | +26.5% |
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.