GRIMABO: 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.
GRIMABO
Largest movements
- Tangible fixed assets -€11,270
down €11,270 (-79.2%), from €14,236 to €2,966
of which Furniture and vehicles: -€9,670
- Stocks and contracts +€5,500
up €5,500 (+16.2%), from €33,930 to €39,430
of which Contracts in progress: +€5,500
- Other debts +€25,120
up €25,120 (+24.1%), from €104,228 to €129,349
- Reserves -€20,573
down €20,573 (-8.3%), from €248,904 to €228,331
of which Distributable reserves: -€20,573
- Trade debts -€9,887
down €9,887 (-53.7%), from €18,423 to €8,535
- Depreciation -€7,041
down €7,041 (-38.5%), from €18,311 to €11,270
- Financial charges -€7,026
down €7,026 (-91.5%), from €7,677 to €651
- Gross operating margin -€4,944
down €4,944 (-40.8%), from -€12,125 to -€17,069
- Financial income +€1,282
up €1,282 (+14.7%), from €8,748 to €10,030
- Other operating charges -€1,152
down €1,152 (-41.7%), from €2,765 to €1,613
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 | €436,573 | €431,233 | -€5,340 | -1.2% |
| Fixed assets | 21/28 | €14,236 | €2,966 | -€11,270 | -79.2% |
| Tangible fixed assets | 22/27 | €14,236 | €2,966 | -€11,270 | -79.2% |
| Plant, machinery and equipment | 23 | €3,200 | €1,600 | -€1,600 | -50.0% |
| Furniture and vehicles | 24 | €11,036 | €1,366 | -€9,670 | -87.6% |
| Current assets | 29/58 | €422,337 | €428,267 | +€5,930 | +1.4% |
| Stocks and contracts in progress | 3 | €33,930 | €39,430 | +€5,500 | +16.2% |
| Stocks | 30/36 | €8,930 | €8,930 | = | 0.0% |
| Contracts in progress | 37 | €25,000 | €30,500 | +€5,500 | +22.0% |
| Amounts receivable within one year | 40/41 | €289,642 | €288,611 | -€1,031 | -0.4% |
| Trade receivables | 40 | €6,140 | €1,294 | -€4,847 | -78.9% |
| Other amounts receivable | 41 | €283,502 | €287,317 | +€3,816 | +1.3% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27 | €199 | +€172 | +645% |
| Deferred charges and accrued income | 490/1 | €8,738 | €10,027 | +€1,289 | +14.7% |
| Total equity and liabilities | 10/49 | €436,573 | €431,233 | -€5,340 | -1.2% |
| Equity | 10/15 | €273,694 | €253,121 | -€20,573 | -7.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €248,904 | €228,331 | -€20,573 | -8.3% |
| Non-distributable reserves | 130/1 | €92,479 | €92,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Own shares acquired | 1312 | €90,000 | €90,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,813 | €116,813 | = | 0.0% |
| Distributable reserves | 133 | €39,612 | €19,039 | -€20,573 | -51.9% |
| Provisions and deferred taxes | 16 | €38,938 | €38,938 | = | 0.0% |
| Deferred taxes | 168 | €38,938 | €38,938 | = | 0.0% |
| Amounts payable | 17/49 | €123,941 | €139,174 | +€15,233 | +12.3% |
| Amounts payable within one year | 42/48 | €123,941 | €139,174 | +€15,233 | +12.3% |
| Trade debts | 44 | €18,423 | €8,535 | -€9,887 | -53.7% |
| Suppliers | 440/4 | €18,423 | €8,535 | -€9,887 | -53.7% |
| Taxes, remuneration and social security | 45 | €1,290 | €1,290 | = | 0.0% |
| Taxes | 450/3 | €1,290 | €1,290 | = | 0.0% |
| Other amounts payable | 47/48 | €104,228 | €129,349 | +€25,120 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,311 | €11,270 | -€7,041 | -38.5% |
| Other operating charges | 640/8 | €2,765 | €1,613 | -€1,152 | -41.7% |
| Gross operating margin | 9900 | -€12,125 | -€17,069 | -€4,944 | -40.8% |
| Operating profit (loss) | 9901 | -€33,200 | -€29,952 | +€3,248 | +9.8% |
| Financial income | 75/76B | €8,748 | €10,030 | +€1,282 | +14.7% |
| Recurring financial income | 75 | €8,748 | €10,030 | +€1,282 | +14.7% |
| Financial charges | 65/66B | €7,677 | €651 | -€7,026 | -91.5% |
| Recurring financial charges | 65 | €7,677 | €651 | -€7,026 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,129 | -€20,573 | +€11,556 | +36.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -60.0% |
| Profit (loss) for the period | 9904 | -€32,130 | -€20,573 | +€11,556 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,130 | -€20,573 | +€11,556 | +36.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.