GRIMEX: 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.
GRIMEX
Largest movements
- Receivables within one year -€113,215
down €113,215 (-50.2%), from €225,317 to €112,102
of which Trade receivables: -€63,761
- Stocks and contracts -€18,146
down €18,146 (-18.5%), from €98,325 to €80,179
- Cash -€10,997
down €10,997 (-77.8%), from €14,140 to €3,143
mainly Net result for the year (-€469,804) and Investment in fixed assets (net) (-€40,744)
- Tangible fixed assets +€9,708
up €9,708 (+7.1%), from €135,983 to €145,691
of which Plant, machinery and equipment: +€14,497
- Profit (loss) carried forward -€469,804
down €469,804 (-103%), from -€454,794 to -€924,598
- Other debts +€335,241
up €335,241 (+144%), from €233,025 to €568,266
- Trade debts +€17,264
up €17,264 (+4.1%), from €420,959 to €438,223
- Accrued charges and deferred income -€7,931
no longer reported in 2025 (was €7,931)
- Debts after one year -€6,878
no longer reported in 2025 (was €6,878)
- Financial charges +€17,827
up €17,827 (+99.9%), from €17,850 to €35,676
- Staff costs -€8,372
down €8,372 (-3.3%), from €257,020 to €248,648
- Gross operating margin -€6,118
down €6,118 (-4.4%), from -€140,200 to -€146,318
- Depreciation +€5,999
up €5,999 (+24.0%), from €25,037 to €31,035
- Other operating charges +€3,829
up €3,829 (+71.5%), from €5,352 to €9,182
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 | €482,784 | €341,206 | -€141,577 | -29.3% |
| Fixed assets | 21/28 | €135,983 | €145,691 | +€9,708 | +7.1% |
| Tangible fixed assets | 22/27 | €135,983 | €145,691 | +€9,708 | +7.1% |
| Land and buildings | 22 | €19,167 | €14,739 | -€4,428 | -23.1% |
| Plant, machinery and equipment | 23 | €51,012 | €65,509 | +€14,497 | +28.4% |
| Furniture and vehicles | 24 | €804 | €443 | -€360 | -44.8% |
| Assets under construction and advance payments | 27 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €346,801 | €195,515 | -€151,285 | -43.6% |
| Stocks and contracts in progress | 3 | €98,325 | €80,179 | -€18,146 | -18.5% |
| Stocks | 30/36 | €98,325 | €80,179 | -€18,146 | -18.5% |
| Amounts receivable within one year | 40/41 | €225,317 | €112,102 | -€113,215 | -50.2% |
| Trade receivables | 40 | €165,207 | €101,446 | -€63,761 | -38.6% |
| Other amounts receivable | 41 | €60,110 | €10,656 | -€49,454 | -82.3% |
| Current investments | 50/53 | €4,445 | - | -€4,445 | |
| Cash at bank and in hand | 54/58 | €14,140 | €3,143 | -€10,997 | -77.8% |
| Deferred charges and accrued income | 490/1 | €4,573 | €91 | -€4,482 | -98.0% |
| Total equity and liabilities | 10/49 | €482,784 | €341,206 | -€141,577 | -29.3% |
| Equity | 10/15 | -€222,526 | -€692,330 | -€469,804 | -211% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €212,268 | €212,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €174,768 | €174,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,794 | -€924,598 | -€469,804 | -103% |
| Amounts payable | 17/49 | €705,309 | €1,033,536 | +€328,227 | +46.5% |
| Amounts payable after more than one year | 17 | €6,878 | - | -€6,878 | |
| Financial debts | 170/4 | €6,878 | - | -€6,878 | |
| Amounts payable within one year | 42/48 | €690,501 | €1,033,536 | +€343,036 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €13,192 | €6,878 | -€6,315 | -47.9% |
| Trade debts | 44 | €420,959 | €438,223 | +€17,264 | +4.1% |
| Suppliers | 440/4 | €420,959 | €438,223 | +€17,264 | +4.1% |
| Taxes, remuneration and social security | 45 | €23,325 | €20,170 | -€3,155 | -13.5% |
| Remuneration and social security | 454/9 | €23,325 | €20,170 | -€3,155 | -13.5% |
| Other amounts payable | 47/48 | €233,025 | €568,266 | +€335,241 | +144% |
| Accrued charges and deferred income | 492/3 | €7,931 | - | -€7,931 | |
| Non-recurring operating income | 76A | €195,000 | €500 | -€194,500 | -99.7% |
| Remuneration, social security and pensions | 62 | €257,020 | €248,648 | -€8,372 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,037 | €31,035 | +€5,999 | +24.0% |
| Other operating charges | 640/8 | €5,352 | €9,182 | +€3,829 | +71.5% |
| Non-recurring operating charges | 66A | €13,654 | - | -€13,654 | |
| Gross operating margin | 9900 | -€140,200 | -€146,318 | -€6,118 | -4.4% |
| Operating profit (loss) | 9901 | -€441,263 | -€435,183 | +€6,080 | +1.4% |
| Financial income | 75/76B | €2,502 | €1,058 | -€1,444 | -57.7% |
| Recurring financial income | 75 | €2,502 | €1,058 | -€1,444 | -57.7% |
| Financial charges | 65/66B | €17,850 | €35,676 | +€17,827 | +99.9% |
| Recurring financial charges | 65 | €17,850 | €35,676 | +€17,827 | +99.9% |
| Profit (loss) for the period before taxes | 9903 | -€456,611 | -€469,802 | -€13,191 | -2.9% |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€456,611 | -€469,804 | -€13,194 | -2.9% |
| Transfer from tax-exempt reserves | 789 | €1,817 | - | -€1,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€454,794 | -€469,804 | -€15,011 | -3.3% |
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 18 October 2026 via checked.be.