GRIMM4: 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.
GRIMM4
Largest movements
- Cash +€48,862
up €48,862 (+109.6%), from €44,583 to €93,444
mainly Net result for the year (+€50,051) and Other debts (+€573)
- Tangible fixed assets +€1,160
new in 2025: €1,160
- Reserves +€50,051
up €50,051 (+106.8%), from €46,865 to €96,915
- Gross operating margin +€6,232
up €6,232 (+9.2%), from €67,467 to €73,699
- Taxes +€1,879
up €1,879 (+10.1%), from €18,567 to €20,445
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 | €62,733 | €113,273 | +€50,540 | +80.6% |
| Fixed assets | 21/28 | - | €1,160 | +€1,160 | |
| Tangible fixed assets | 22/27 | - | €1,160 | +€1,160 | |
| Furniture and vehicles | 24 | - | €1,160 | +€1,160 | |
| Current assets | 29/58 | €62,733 | €112,113 | +€49,380 | +78.7% |
| Amounts receivable within one year | 40/41 | €18,150 | €18,590 | +€440 | +2.4% |
| Trade receivables | 40 | €18,150 | €18,590 | +€440 | +2.4% |
| Cash at bank and in hand | 54/58 | €44,583 | €93,444 | +€48,862 | +109.6% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €62,733 | €113,273 | +€50,540 | +80.6% |
| Equity | 10/15 | €51,065 | €101,115 | +€50,051 | +98.0% |
| Contributions | 10/11 | €4,200 | €4,200 | = | 0.0% |
| Reserves | 13 | €46,865 | €96,915 | +€50,051 | +106.8% |
| Distributable reserves | 133 | €46,865 | €96,915 | +€50,051 | +106.8% |
| Amounts payable | 17/49 | €11,668 | €12,158 | +€490 | +4.2% |
| Amounts payable within one year | 42/48 | €11,668 | €12,158 | +€490 | +4.2% |
| Trade debts | 44 | €1,653 | €1,435 | -€219 | -13.2% |
| Suppliers | 440/4 | €1,653 | €1,435 | -€219 | -13.2% |
| Taxes, remuneration and social security | 45 | €9,486 | €9,622 | +€135 | +1.4% |
| Taxes | 450/3 | €9,486 | €9,622 | +€135 | +1.4% |
| Other amounts payable | 47/48 | €528 | €1,101 | +€573 | +108.4% |
| Remuneration, social security and pensions | 62 | €2,011 | €2,733 | +€723 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €282 | +€282 | |
| Other operating charges | 640/8 | €6 | €0 | -€6 | -100.0% |
| Gross operating margin | 9900 | €67,467 | €73,699 | +€6,232 | +9.2% |
| Operating profit (loss) | 9901 | €65,451 | €70,684 | +€5,233 | +8.0% |
| Financial charges | 65/66B | €19 | €188 | +€168 | +875.3% |
| Recurring financial charges | 65 | €19 | €188 | +€168 | +875.3% |
| Profit (loss) for the period before taxes | 9903 | €65,431 | €70,496 | +€5,065 | +7.7% |
| Income taxes | 67/77 | €18,567 | €20,445 | +€1,879 | +10.1% |
| Profit (loss) for the period | 9904 | €46,865 | €50,051 | +€3,186 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,865 | €50,051 | +€3,186 | +6.8% |
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 11 October 2026 via checked.be.