Grimhild: 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.
Grimhild
Largest movements
- Receivables within one year -€2.1m
down €2.1m (-75.7%), from €2.8m to €672,806
- Cash -€573,208
down €573,208 (-98.6%), from €581,589 to €8,381
mainly Debts after one year (-€2.4m) and Net result for the year (-€263,286)
- Debts after one year -€2.4m
down €2.4m (-56.6%), from €4.2m to €1.8m
- Profit (loss) carried forward -€263,286
down €263,286 (-17.0%), from -€1.5m to -€1.8m
- Accrued charges and deferred income +€137,670
up €137,670 (+182%), from €75,828 to €213,498
- Turnover -€206,665
down €206,665 (-26.5%), from €781,338 to €574,673
- Financial charges -€136,911
down €136,911 (-39.0%), from €350,787 to €213,877
of which Financial charges: -€70,911
- Other operating income -€39,417
no longer reported in 2025 (was €39,417)
- Services and other goods +€35,123
up €35,123 (+4.8%), from €727,895 to €763,018
- Financial income -€25,403
down €25,403 (-22.7%), from €111,736 to €86,333
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,475,202 | €10,827,541 | -€2.6m | -19.6% |
| Fixed assets | 21/28 | €9,755,801 | €9,755,801 | = | 0.0% |
| Financial fixed assets | 28 | €9,755,801 | €9,755,801 | = | 0.0% |
| Affiliated companies | 280/1 | €9,755,801 | €9,755,801 | = | 0.0% |
| Participating interests | 280 | €9,755,801 | €9,755,801 | = | 0.0% |
| Current assets | 29/58 | €3,719,400 | €1,071,739 | -€2.6m | -71.2% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,765,794 | €672,806 | -€2.1m | -75.7% |
| Other amounts receivable | 41 | €2,765,794 | €672,806 | -€2.1m | -75.7% |
| Cash at bank and in hand | 54/58 | €581,589 | €8,381 | -€573,208 | -98.6% |
| Deferred charges and accrued income | 490/1 | €72,018 | €90,552 | +€18,535 | +25.7% |
| Total equity and liabilities | 10/49 | €13,475,202 | €10,827,541 | -€2.6m | -19.6% |
| Equity | 10/15 | €8,985,635 | €8,722,350 | -€263,286 | -2.9% |
| Contributions | 10/11 | €10,002,905 | €10,002,905 | = | 0.0% |
| Capital | 10 | €7,825,083 | €7,825,083 | = | 0.0% |
| Issued capital | 100 | €7,825,083 | €7,825,083 | = | 0.0% |
| Contributions outside capital | 11 | €2,177,822 | €2,177,822 | = | 0.0% |
| Share premium | 1100/10 | €2,177,822 | €2,177,822 | = | 0.0% |
| Reserves | 13 | €529,770 | €529,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €529,770 | €529,770 | = | 0.0% |
| Reserves not available under the articles | 1311 | €529,770 | €529,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,547,040 | -€1,810,326 | -€263,286 | -17.0% |
| Amounts payable | 17/49 | €4,489,566 | €2,105,191 | -€2.4m | -53.1% |
| Amounts payable after more than one year | 17 | €4,249,900 | €1,843,484 | -€2.4m | -56.6% |
| Financial debts | 170/4 | €4,249,900 | €1,843,484 | -€2.4m | -56.6% |
| Other loans | 174 | €4,249,900 | €1,843,484 | -€2.4m | -56.6% |
| Amounts payable within one year | 42/48 | €163,839 | €48,209 | -€115,630 | -70.6% |
| Trade debts | 44 | €163,839 | €48,209 | -€115,630 | -70.6% |
| Suppliers | 440/4 | €163,839 | €48,209 | -€115,630 | -70.6% |
| Accrued charges and deferred income | 492/3 | €75,828 | €213,498 | +€137,670 | +182% |
| Operating income | 70/76A | €820,754 | €628,515 | -€192,240 | -23.4% |
| Turnover | 70 | €781,338 | €574,673 | -€206,665 | -26.5% |
| Other operating income | 74 | €39,417 | - | -€39,417 | |
| Non-recurring operating income | 76A | - | €53,842 | +€53,842 | |
| Operating charges | 60/66A | €757,727 | €764,257 | +€6,530 | +0.9% |
| Services and other goods | 61 | €727,895 | €763,018 | +€35,123 | +4.8% |
| Other operating charges | 640/8 | €118 | €1,239 | +€1,121 | +950% |
| Non-recurring operating charges | 66A | €29,715 | - | -€29,715 | |
| Operating profit (loss) | 9901 | €63,027 | -€135,742 | -€198,769 | |
| Financial income | 75/76B | €111,736 | €86,333 | -€25,403 | -22.7% |
| Recurring financial income | 75 | €111,736 | €86,333 | -€25,403 | -22.7% |
| Income from current assets | 751 | €111,736 | €86,333 | -€25,403 | -22.7% |
| Financial charges | 65/66B | €350,787 | €213,877 | -€136,911 | -39.0% |
| Recurring financial charges | 65 | €284,787 | €213,877 | -€70,911 | -24.9% |
| Debt charges | 650 | €284,308 | €213,877 | -€70,432 | -24.8% |
| Other financial charges | 652/9 | €479 | - | -€479 | |
| Non-recurring financial charges | 66B | €66,000 | - | -€66,000 | |
| Profit (loss) for the period before taxes | 9903 | -€176,024 | -€263,286 | -€87,262 | -49.6% |
| Profit (loss) for the period | 9904 | -€176,024 | -€263,286 | -€87,262 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,024 | -€263,286 | -€87,262 | -49.6% |
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 18 October 2026 via checked.be.