GRIMMO: 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.
GRIMMO
Largest movements
- Tangible fixed assets -€23,416
down €23,416 (-13.7%), from €170,782 to €147,366
of which Land and buildings: -€11,987
- Debts after one year -€24,748
down €24,748 (-49.2%), from €50,297 to €25,549
of which Other amounts payable: -€15,000
- Reserves +€7,725
up €7,725 (+7.9%), from €98,348 to €106,073
- Other debts -€5,210
down €5,210 (-23.8%), from €21,913 to €16,702
- Gross operating margin -€23,337
down €23,337 (-29.1%), from €80,182 to €56,844
- Taxes -€6,636
down €6,636 (-53.2%), from €12,478 to €5,841
- Depreciation +€4,018
up €4,018 (+16.3%), from €24,720 to €28,738
- Other operating charges -€1,168
down €1,168 (-9.1%), from €12,870 to €11,703
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 | €207,854 | €186,357 | -€21,496 | -10.3% |
| Fixed assets | 21/28 | €170,782 | €147,366 | -€23,416 | -13.7% |
| Tangible fixed assets | 22/27 | €170,782 | €147,366 | -€23,416 | -13.7% |
| Land and buildings | 22 | €123,098 | €111,111 | -€11,987 | -9.7% |
| Leasing and similar rights | 25 | €47,684 | €36,255 | -€11,429 | -24.0% |
| Current assets | 29/58 | €37,071 | €38,991 | +€1,920 | +5.2% |
| Cash at bank and in hand | 54/58 | €33,190 | €34,974 | +€1,784 | +5.4% |
| Deferred charges and accrued income | 490/1 | €3,881 | €4,017 | +€136 | +3.5% |
| Total equity and liabilities | 10/49 | €207,854 | €186,357 | -€21,496 | -10.3% |
| Equity | 10/15 | €116,898 | €124,623 | +€7,725 | +6.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €98,348 | €106,073 | +€7,725 | +7.9% |
| Distributable reserves | 133 | €98,348 | €106,073 | +€7,725 | +7.9% |
| Amounts payable | 17/49 | €90,956 | €61,735 | -€29,221 | -32.1% |
| Amounts payable after more than one year | 17 | €50,297 | €25,549 | -€24,748 | -49.2% |
| Financial debts | 170/4 | €32,297 | €22,549 | -€9,748 | -30.2% |
| Other amounts payable | 178/9 | €18,000 | €3,000 | -€15,000 | -83.3% |
| Amounts payable within one year | 42/48 | €38,969 | €35,186 | -€3,783 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €9,355 | €9,748 | +€393 | +4.2% |
| Trade debts | 44 | €233 | €438 | +€205 | +87.9% |
| Suppliers | 440/4 | €233 | €438 | +€205 | +87.9% |
| Taxes, remuneration and social security | 45 | €7,468 | €8,298 | +€830 | +11.1% |
| Taxes | 450/3 | €7,468 | €8,298 | +€830 | +11.1% |
| Other amounts payable | 47/48 | €21,913 | €16,702 | -€5,210 | -23.8% |
| Accrued charges and deferred income | 492/3 | €1,691 | €1,000 | -€691 | -40.8% |
| Non-recurring operating income | 76A | €12,404 | - | -€12,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,720 | €28,738 | +€4,018 | +16.3% |
| Other operating charges | 640/8 | €12,870 | €11,703 | -€1,168 | -9.1% |
| Gross operating margin | 9900 | €80,182 | €56,844 | -€23,337 | -29.1% |
| Operating profit (loss) | 9901 | €42,592 | €16,404 | -€26,188 | -61.5% |
| Financial income | 75/76B | €33 | €38 | +€6 | +18.1% |
| Recurring financial income | 75 | €33 | €38 | +€6 | +18.1% |
| Financial charges | 65/66B | €1,748 | €1,699 | -€50 | -2.8% |
| Recurring financial charges | 65 | €1,748 | €1,699 | -€50 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €40,876 | €14,744 | -€26,132 | -63.9% |
| Income taxes | 67/77 | €12,478 | €5,841 | -€6,636 | -53.2% |
| Profit (loss) for the period | 9904 | €28,399 | €8,903 | -€19,496 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,399 | €8,903 | -€19,496 | -68.7% |
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 8 October 2026 via checked.be.