GRIMALDI BELGIUM: what changed
What changed
GRIMALDI BELGIUM
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €2.0m-€69,311
Equity
€3.7m
2024 · €3.8m-€33,590
Cash
€6.6m
2024 · €7.3m-€668,492
Balance sheet total
€47.5m
2024 · €58.6m-€11.0m
Largest movements
Assets
- Receivables within one year -€9.9m
down €9.9m (-21.7%), from €45.9m to €35.9m
of which Trade receivables: -€10.4m
- Cash -€668,492
down €668,492 (-9.2%), from €7.3m to €6.6m
mainly Trade debts (-€10.8m) and Contributions, distributions and other (-€2.0m)
Equity and liabilities
- Trade debts -€10.8m
down €10.8m (-21.9%), from €49.4m to €38.6m
Income statement
- Other operating income +€673,288
up €673,288 (+16.1%), from €4.2m to €4.8m
- Staff costs +€525,926
up €525,926 (+3.9%), from €13.6m to €14.2m
- Services and other goods +€193,941
up €193,941 (+7.6%), from €2.5m to €2.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.0m
Turnover
-€61,188
Other operating income
+€673,288
Services and other goods
-€193,941
Staff costs
-€525,926
Depreciation
+€14,762
Other operating charges
-€1,442
Other operating items
+€15,254
Financial income
-€35,817
Financial charges
+€7,058
Taxes
+€38,641
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
+€12,177
Financing
-€2.2m
Cash 2024
€7.3m
From operations (derived)
+€1.5m
Net result for the year
+€2.0m
Depreciation
+€330,209
Receivables within one year
+€9.9m
Deferred charges and accrued income
+€83,706
Provisions
-€18,271
Trade debts
-€10.8m
Tax, wage and social debts
+€203,432
Accrued charges and deferred income
-€134,303
Investment (derived)
+€12,177
Investment in fixed assets (net)
+€12,177
Financing
-€2.2m
Debts after one year
-€26,315
Current portion of long-term debt
-€200,000
Contributions, distributions and other
-€2.0m
Cash 2025
€6.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,550,158 | €47,519,247 | -€11.0m | -18.8% |
| Fixed assets | 21/28 | €5,166,323 | €4,823,937 | -€342,386 | -6.6% |
| Intangible fixed assets | 21 | €2,774 | €1,058 | -€1,716 | -61.9% |
| Tangible fixed assets | 22/27 | €4,846,302 | €4,505,632 | -€340,670 | -7.0% |
| Land and buildings | 22 | €4,600,155 | €4,396,584 | -€203,571 | -4.4% |
| Plant, machinery and equipment | 23 | €796 | €140 | -€656 | -82.4% |
| Furniture and vehicles | 24 | €245,351 | €108,908 | -€136,443 | -55.6% |
| Financial fixed assets | 28 | €317,247 | €317,247 | = | 0.0% |
| Affiliated companies | 280/1 | €315,000 | €315,000 | = | 0.0% |
| Participating interests | 280 | €315,000 | €315,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,247 | €2,247 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,247 | €2,247 | = | 0.0% |
| Current assets | 29/58 | €53,383,835 | €42,695,310 | -€10.7m | -20.0% |
| Amounts receivable within one year | 40/41 | €45,857,216 | €35,920,889 | -€9.9m | -21.7% |
| Trade receivables | 40 | €45,472,696 | €35,118,234 | -€10.4m | -22.8% |
| Other amounts receivable | 41 | €384,520 | €802,655 | +€418,135 | +109% |
| Current investments | 50/53 | - | €0 | = | |
| Own shares | 50 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €7,303,207 | €6,634,715 | -€668,492 | -9.2% |
| Deferred charges and accrued income | 490/1 | €223,412 | €139,706 | -€83,706 | -37.5% |
| Total equity and liabilities | 10/49 | €58,550,158 | €47,519,247 | -€11.0m | -18.8% |
| Equity | 10/15 | €3,770,879 | €3,737,289 | -€33,590 | -0.9% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €1,270,879 | €1,237,289 | -€33,590 | -2.6% |
| Non-distributable reserves | 130/1 | €253,034 | €253,034 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Other | 1319 | €3,034 | €3,034 | = | 0.0% |
| Tax-exempt reserves | 132 | €505,681 | €470,198 | -€35,483 | -7.0% |
| Distributable reserves | 133 | €512,164 | €514,057 | +€1,893 | +0.4% |
| Provisions and deferred taxes | 16 | €255,791 | €237,520 | -€18,271 | -7.1% |
| Deferred taxes | 168 | €255,791 | €237,520 | -€18,271 | -7.1% |
| Amounts payable | 17/49 | €54,523,488 | €43,544,438 | -€11.0m | -20.1% |
| Amounts payable after more than one year | 17 | €26,615 | €300 | -€26,315 | -98.9% |
| Other amounts payable | 178/9 | €26,615 | €300 | -€26,315 | -98.9% |
| Amounts payable within one year | 42/48 | €54,349,123 | €43,530,691 | -€10.8m | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €49,441,522 | €38,619,658 | -€10.8m | -21.9% |
| Suppliers | 440/4 | €49,441,522 | €38,619,658 | -€10.8m | -21.9% |
| Taxes, remuneration and social security | 45 | €2,707,601 | €2,911,033 | +€203,432 | +7.5% |
| Taxes | 450/3 | €471,753 | €539,677 | +€67,924 | +14.4% |
| Remuneration and social security | 454/9 | €2,235,848 | €2,371,356 | +€135,508 | +6.1% |
| Other amounts payable | 47/48 | €2,000,000 | €2,000,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €147,750 | €13,447 | -€134,303 | -90.9% |
| Operating income | 70/76A | €19,421,485 | €20,048,839 | +€627,354 | +3.2% |
| Turnover | 70 | €15,249,493 | €15,188,305 | -€61,188 | -0.4% |
| Other operating income | 74 | €4,171,992 | €4,845,280 | +€673,288 | +16.1% |
| Non-recurring operating income | 76A | - | €15,254 | +€15,254 | |
| Operating charges | 60/66A | €16,568,898 | €17,275,445 | +€706,547 | +4.3% |
| Services and other goods | 61 | €2,536,686 | €2,730,627 | +€193,941 | +7.6% |
| Remuneration, social security and pensions | 62 | €13,639,687 | €14,165,613 | +€525,926 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,971 | €330,209 | -€14,762 | -4.3% |
| Other operating charges | 640/8 | €47,554 | €48,996 | +€1,442 | +3.0% |
| Operating profit (loss) | 9901 | €2,852,587 | €2,773,394 | -€79,193 | -2.8% |
| Financial income | 75/76B | €72,623 | €36,806 | -€35,817 | -49.3% |
| Recurring financial income | 75 | €72,623 | €36,806 | -€35,817 | -49.3% |
| Income from current assets | 751 | €72,532 | €36,537 | -€35,995 | -49.6% |
| Other financial income | 752/9 | €91 | €269 | +€178 | +196% |
| Financial charges | 65/66B | €114,930 | €107,872 | -€7,058 | -6.1% |
| Recurring financial charges | 65 | €114,930 | €107,872 | -€7,058 | -6.1% |
| Debt charges | 650 | €15,575 | €5,947 | -€9,628 | -61.8% |
| Other financial charges | 652/9 | €99,355 | €101,925 | +€2,570 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €2,810,280 | €2,702,328 | -€107,952 | -3.8% |
| Transfer from deferred taxes | 780 | €18,271 | €18,271 | = | 0.0% |
| Income taxes | 67/77 | €792,830 | €754,189 | -€38,641 | -4.9% |
| Taxes | 670/3 | €801,791 | €754,189 | -€47,602 | -5.9% |
| Tax adjustments and reversals of tax provisions | 77 | €8,961 | - | -€8,961 | |
| Profit (loss) for the period | 9904 | €2,035,721 | €1,966,410 | -€69,311 | -3.4% |
| Transfer from tax-exempt reserves | 789 | €35,483 | €35,483 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,071,204 | €2,001,893 | -€69,311 | -3.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.