GRIMBERGEN SECURITY: what changed
Two fiscal 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.
GRIMBERGEN SECURITY
Largest movements
- Receivables within one year -€19,272
down €19,272 (-7.8%), from €246,044 to €226,772
of which Other amounts receivable: -€13,208
- Tangible fixed assets -€17,406
down €17,406 (-23.3%), from €74,779 to €57,373
of which Plant, machinery and equipment: -€9,471
- Stocks and contracts -€14,130
down €14,130 (-6.4%), from €220,510 to €206,380
- Cash +€10,007
up €10,007 (+31.2%), from €32,038 to €42,045
mainly Receivables within one year (+€19,272) and Depreciation (+€17,406)
- Trade debts -€21,551
down €21,551 (-30.0%), from €71,802 to €50,251
- Other debts -€9,748
down €9,748 (-9.2%), from €106,108 to €96,360
- Profit (loss) carried forward -€6,887
down €6,887 (-17.3%), from -€39,699 to -€46,586
- Debts after one year -€6,332
down €6,332 (-14.8%), from €42,769 to €36,437
- Depreciation +€4,862
up €4,862 (+38.8%), from €12,544 to €17,406
- Gross operating margin -€3,751
down €3,751 (-17.0%), from €22,027 to €18,276
- Financial charges -€1,792
down €1,792 (-43.1%), from €4,158 to €2,366
- Taxes +€660
up €660 (+142.2%), from €464 to €1,124
- Other operating charges +€309
up €309 (+7.0%), from €4,441 to €4,750
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.
Cash bridge derived
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 | €589,152 | €545,280 | -€43,872 | -7.4% |
| Fixed assets | 21/28 | €75,771 | €58,365 | -€17,406 | -23.0% |
| Tangible fixed assets | 22/27 | €74,779 | €57,373 | -€17,406 | -23.3% |
| Plant, machinery and equipment | 23 | €40,444 | €30,973 | -€9,471 | -23.4% |
| Furniture and vehicles | 24 | €3,593 | €2,500 | -€1,093 | -30.4% |
| Other tangible fixed assets | 26 | €30,742 | €23,900 | -€6,842 | -22.3% |
| Financial fixed assets | 28 | €992 | €992 | = | 0.0% |
| Current assets | 29/58 | €513,381 | €486,915 | -€26,466 | -5.2% |
| Stocks and contracts in progress | 3 | €220,510 | €206,380 | -€14,130 | -6.4% |
| Stocks | 30/36 | €220,510 | €206,380 | -€14,130 | -6.4% |
| Amounts receivable within one year | 40/41 | €246,044 | €226,772 | -€19,272 | -7.8% |
| Trade receivables | 40 | €52,987 | €46,923 | -€6,064 | -11.4% |
| Other amounts receivable | 41 | €193,057 | €179,849 | -€13,208 | -6.8% |
| Cash at bank and in hand | 54/58 | €32,038 | €42,045 | +€10,007 | +31.2% |
| Deferred charges and accrued income | 490/1 | €14,789 | €11,718 | -€3,071 | -20.8% |
| Total equity and liabilities | 10/49 | €589,152 | €545,280 | -€43,872 | -7.4% |
| Equity | 10/15 | €353,524 | €346,637 | -€6,887 | -1.9% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €173,223 | €173,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,489 | €5,489 | = | 0.0% |
| Distributable reserves | 133 | €145,734 | €145,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,699 | -€46,586 | -€6,887 | -17.3% |
| Amounts payable | 17/49 | €235,628 | €198,643 | -€36,985 | -15.7% |
| Amounts payable after more than one year | 17 | €42,769 | €36,437 | -€6,332 | -14.8% |
| Financial debts | 170/4 | €42,769 | €36,437 | -€6,332 | -14.8% |
| Amounts payable within one year | 42/48 | €192,859 | €162,206 | -€30,653 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | €6,331 | +€254 | +4.2% |
| Trade debts | 44 | €71,802 | €50,251 | -€21,551 | -30.0% |
| Suppliers | 440/4 | €71,802 | €50,251 | -€21,551 | -30.0% |
| Advances received on contracts in progress | 46 | €287 | €106 | -€181 | -63.1% |
| Taxes, remuneration and social security | 45 | €8,585 | €9,158 | +€573 | +6.7% |
| Taxes | 450/3 | €8,585 | €9,158 | +€573 | +6.7% |
| Other amounts payable | 47/48 | €106,108 | €96,360 | -€9,748 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,544 | €17,406 | +€4,862 | +38.8% |
| Other operating charges | 640/8 | €4,441 | €4,750 | +€309 | +7.0% |
| Gross operating margin | 9900 | €22,027 | €18,276 | -€3,751 | -17.0% |
| Operating profit (loss) | 9901 | €5,042 | -€3,880 | -€8,922 | |
| Financial income | 75/76B | €314 | €483 | +€169 | +53.8% |
| Recurring financial income | 75 | €314 | €483 | +€169 | +53.8% |
| Financial charges | 65/66B | €4,158 | €2,366 | -€1,792 | -43.1% |
| Recurring financial charges | 65 | €4,158 | €2,366 | -€1,792 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €1,198 | -€5,763 | -€6,961 | |
| Income taxes | 67/77 | €464 | €1,124 | +€660 | +142.2% |
| Profit (loss) for the period | 9904 | €734 | -€6,887 | -€7,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €734 | -€6,887 | -€7,621 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.