Griman: 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.
Griman
Largest movements
- Receivables within one year +€172,122
up €172,122 (+617%), from €27,878 to €200,000
of which Other amounts receivable: +€194,920
- Financial fixed assets +€162,000
up €162,000 (+162%), from €100,000 to €262,000
- Cash +€15,513
up €15,513 (+144%), from €10,796 to €26,309
mainly Net result for the year (+€198,873) and Other debts (+€148,550)
- Receivables after one year -€11,927
down €11,927 (-6.8%), from €176,620 to €164,693
- Profit (loss) carried forward +€198,873
up €198,873 (+134%), from €148,498 to €347,371
- Other debts +€148,550
up €148,550 (+152%), from €98,033 to €246,583
- Debts after one year -€18,799
down €18,799 (-5.6%), from €334,729 to €315,930
- Financial income +€194,293
up €194,293 (+3,368%), from €5,769 to €200,062
- Taxes -€2,233
down €2,233 (-77.1%), from €2,895 to €662
- Staff costs -€942
down €942 (-40.2%), from €2,342 to €1,400
- Financial charges -€376
down €376 (-6.5%), from €5,792 to €5,416
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 | €612,654 | €947,386 | +€334,732 | +54.6% |
| Fixed assets | 21/28 | €397,360 | €556,384 | +€159,024 | +40.0% |
| Tangible fixed assets | 22/27 | €297,360 | €294,384 | -€2,976 | -1.0% |
| Land and buildings | 22 | €254,099 | €260,050 | +€5,951 | +2.3% |
| Plant, machinery and equipment | 23 | €2,810 | €2,227 | -€583 | -20.8% |
| Furniture and vehicles | 24 | €40,450 | €32,107 | -€8,343 | -20.6% |
| Financial fixed assets | 28 | €100,000 | €262,000 | +€162,000 | +162% |
| Current assets | 29/58 | €215,294 | €391,002 | +€175,708 | +81.6% |
| Amounts receivable after more than one year | 29 | €176,620 | €164,693 | -€11,927 | -6.8% |
| Other amounts receivable | 291 | €176,620 | €164,693 | -€11,927 | -6.8% |
| Amounts receivable within one year | 40/41 | €27,878 | €200,000 | +€172,122 | +617% |
| Trade receivables | 40 | €22,799 | - | -€22,799 | |
| Other amounts receivable | 41 | €5,080 | €200,000 | +€194,920 | +3,837% |
| Cash at bank and in hand | 54/58 | €10,796 | €26,309 | +€15,513 | +144% |
| Total equity and liabilities | 10/49 | €612,654 | €947,386 | +€334,732 | +54.6% |
| Equity | 10/15 | €156,558 | €355,431 | +€198,873 | +127% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,498 | €347,371 | +€198,873 | +134% |
| Amounts payable | 17/49 | €456,096 | €591,955 | +€135,859 | +29.8% |
| Amounts payable after more than one year | 17 | €334,729 | €315,930 | -€18,799 | -5.6% |
| Financial debts | 170/4 | €334,729 | €315,930 | -€18,799 | -5.6% |
| Amounts payable within one year | 42/48 | €118,238 | €272,896 | +€154,658 | +131% |
| Current portion of amounts payable after more than one year | 42 | €18,510 | €18,799 | +€289 | +1.6% |
| Trade debts | 44 | €1,084 | €3,403 | +€2,319 | +214% |
| Suppliers | 440/4 | €1,084 | €3,403 | +€2,319 | +214% |
| Advances received on contracts in progress | 46 | - | €299 | +€299 | |
| Taxes, remuneration and social security | 45 | €610 | €3,812 | +€3,202 | +525% |
| Taxes | 450/3 | €610 | €3,812 | +€3,202 | +525% |
| Other amounts payable | 47/48 | €98,033 | €246,583 | +€148,550 | +152% |
| Accrued charges and deferred income | 492/3 | €3,129 | €3,129 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €2,342 | €1,400 | -€942 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,989 | €18,170 | +€181 | +1.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | €24,964 | €24,859 | -€105 | -0.4% |
| Operating profit (loss) | 9901 | €4,245 | €4,889 | +€644 | +15.2% |
| Financial income | 75/76B | €5,769 | €200,062 | +€194,293 | +3,368% |
| Recurring financial income | 75 | €5,769 | €200,062 | +€194,293 | +3,368% |
| Financial charges | 65/66B | €5,792 | €5,416 | -€376 | -6.5% |
| Recurring financial charges | 65 | €5,792 | €5,416 | -€376 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €4,222 | €199,535 | +€195,313 | +4,627% |
| Income taxes | 67/77 | €2,895 | €662 | -€2,233 | -77.1% |
| Profit (loss) for the period | 9904 | €1,327 | €198,873 | +€197,546 | +14,889% |
| Profit (loss) for the period to be appropriated | 9905 | €1,327 | €198,873 | +€197,546 | +14,889% |
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 13 October 2026 via checked.be.