GRIMMO: 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.
GRIMMO
Largest movements
- Tangible fixed assets -€35,016
down €35,016 (-3.7%), from €947,350 to €912,334
- Deferred charges and accrued income -€14,020
no longer reported in 2025 (was €14,020)
- Debts after one year -€35,595
down €35,595 (-7.3%), from €488,517 to €452,922
- Reserves -€21,268
down €21,268 (-4.4%), from €484,008 to €462,739
of which Tax-exempt reserves: -€21,268
- Profit (loss) carried forward +€13,792
up €13,792 (+48.1%), from -€28,647 to -€14,855
- Financial charges -€23,455
down €23,455 (-97.2%), from €24,124 to €669
- Gross operating margin -€14,309
down €14,309 (-36.1%), from €39,653 to €25,344
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 | €1,121,747 | €1,066,843 | -€54,904 | -4.9% |
| Fixed assets | 21/28 | €947,350 | €912,334 | -€35,016 | -3.7% |
| Tangible fixed assets | 22/27 | €947,350 | €912,334 | -€35,016 | -3.7% |
| Land and buildings | 22 | €947,350 | €912,334 | -€35,016 | -3.7% |
| Current assets | 29/58 | €174,397 | €154,509 | -€19,888 | -11.4% |
| Cash at bank and in hand | 54/58 | €160,377 | €154,509 | -€5,868 | -3.7% |
| Deferred charges and accrued income | 490/1 | €14,020 | - | -€14,020 | |
| Total equity and liabilities | 10/49 | €1,121,747 | €1,066,843 | -€54,904 | -4.9% |
| Equity | 10/15 | €580,360 | €572,884 | -€7,476 | -1.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €484,008 | €462,739 | -€21,268 | -4.4% |
| Non-distributable reserves | 130/1 | €11,600 | €11,600 | = | 0.0% |
| Legal reserve | 130 | €11,600 | €11,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €253,808 | €232,539 | -€21,268 | -8.4% |
| Distributable reserves | 133 | €218,600 | €218,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,647 | -€14,855 | +€13,792 | +48.1% |
| Provisions and deferred taxes | 16 | €40,914 | €29,962 | -€10,952 | -26.8% |
| Deferred taxes | 168 | €40,914 | €29,962 | -€10,952 | -26.8% |
| Amounts payable | 17/49 | €500,473 | €463,997 | -€36,476 | -7.3% |
| Amounts payable after more than one year | 17 | €488,517 | €452,922 | -€35,595 | -7.3% |
| Other amounts payable | 178/9 | €488,517 | €452,922 | -€35,595 | -7.3% |
| Amounts payable within one year | 42/48 | €9,306 | €8,425 | -€881 | -9.5% |
| Trade debts | 44 | €6,906 | €125 | -€6,781 | -98.2% |
| Suppliers | 440/4 | €6,906 | €125 | -€6,781 | -98.2% |
| Other amounts payable | 47/48 | €2,400 | €8,300 | +€5,900 | +245.8% |
| Accrued charges and deferred income | 492/3 | €2,650 | €2,650 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,016 | €35,016 | = | 0.0% |
| Other operating charges | 640/8 | €7,840 | €8,086 | +€247 | +3.1% |
| Gross operating margin | 9900 | €39,653 | €25,344 | -€14,309 | -36.1% |
| Operating profit (loss) | 9901 | -€3,203 | -€17,759 | -€14,556 | -454.4% |
| Financial charges | 65/66B | €24,124 | €669 | -€23,455 | -97.2% |
| Recurring financial charges | 65 | €24,124 | €669 | -€23,455 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,327 | -€18,428 | +€8,899 | +32.6% |
| Transfer from deferred taxes | 780 | €10,952 | €10,952 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,375 | -€7,476 | +€8,899 | +54.3% |
| Transfer from tax-exempt reserves | 789 | €21,268 | €21,268 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,893 | €13,792 | +€8,899 | +181.9% |
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.