GRIMAUD P.A.D.: 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.
GRIMAUD P.A.D.
Largest movements
- Receivables within one year -€13,002
down €13,002 (-93.7%), from €13,877 to €875
- Tax, wage and social debts -€13,729
down €13,729 (-88.0%), from €15,607 to €1,878
- Profit (loss) carried forward -€7,499
down €7,499 (-32.2%), from -€23,301 to -€30,800
- Other debts +€6,226
up €6,226 (+210%), from €2,971 to €9,197
- Trade debts +€2,000
new in 2023: €2,000
- Gross operating margin -€2,000
new in 2023: -€2,000
- Taxes -€1,877
down €1,877, from €250 to -€1,627
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,877 | €875 | -€13,002 | -93.7% |
| Current assets | 29/58 | €13,877 | €875 | -€13,002 | -93.7% |
| Amounts receivable within one year | 40/41 | €13,877 | €875 | -€13,002 | -93.7% |
| Other amounts receivable | 41 | €13,877 | €875 | -€13,002 | -93.7% |
| Total equity and liabilities | 10/49 | €13,877 | €875 | -€13,002 | -93.7% |
| Equity | 10/15 | -€4,701 | -€12,200 | -€7,499 | -160% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,301 | -€30,800 | -€7,499 | -32.2% |
| Amounts payable | 17/49 | €18,578 | €13,075 | -€5,503 | -29.6% |
| Amounts payable within one year | 42/48 | €18,578 | €13,075 | -€5,503 | -29.6% |
| Trade debts | 44 | - | €2,000 | +€2,000 | |
| Suppliers | 440/4 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €15,607 | €1,878 | -€13,729 | -88.0% |
| Taxes | 450/3 | €15,607 | €1,878 | -€13,729 | -88.0% |
| Other amounts payable | 47/48 | €2,971 | €9,197 | +€6,226 | +210% |
| Gross operating margin | 9900 | - | -€2,000 | -€2,000 | |
| Operating profit (loss) | 9901 | - | -€2,000 | -€2,000 | |
| Profit (loss) for the period before taxes | 9903 | - | -€2,000 | -€2,000 | |
| Income taxes | 67/77 | €250 | -€1,627 | -€1,877 | |
| Profit (loss) for the period | 9904 | -€250 | -€373 | -€123 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€250 | -€373 | -€123 | -49.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.