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 +€3.2m
up €3.2m (+76.2%), from €4.2m to €7.5m
of which Land and buildings: +€5.0m
- Debts after one year +€3.1m
up €3.1m (+508%), from €604,985 to €3.7m
- Current portion of long-term debt +€210,256
up €210,256 (+200%), from €105,128 to €315,385
- Other debts -€185,000
down €185,000 (-38.1%), from €485,000 to €300,000
- Profit (loss) carried forward +€182,013
up €182,013 (+6.4%), from €2.8m to €3.0m
- Financial charges +€107,477
up €107,477 (+500%), from €21,502 to €128,979
- Gross operating margin +€54,859
up €54,859 (+10.3%), from €534,618 to €589,477
- Depreciation +€42,825
up €42,825 (+34.3%), from €124,770 to €167,595
- Taxes -€27,413
down €27,413 (-31.1%), from €88,088 to €60,675
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 | €4,244,113 | €7,537,020 | +€3.3m | +77.6% |
| Fixed assets | 21/28 | €4,236,859 | €7,466,860 | +€3.2m | +76.2% |
| Tangible fixed assets | 22/27 | €4,236,859 | €7,466,860 | +€3.2m | +76.2% |
| Land and buildings | 22 | €2,490,350 | €7,466,860 | +€5.0m | +200% |
| Assets under construction and advance payments | 27 | €1,746,509 | - | -€1.7m | |
| Current assets | 29/58 | €7,254 | €70,159 | +€62,905 | +867% |
| Cash at bank and in hand | 54/58 | €7,254 | €70,159 | +€62,905 | +867% |
| Total equity and liabilities | 10/49 | €4,244,113 | €7,537,020 | +€3.3m | +77.6% |
| Equity | 10/15 | €3,012,439 | €3,194,452 | +€182,013 | +6.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,847,439 | €3,029,452 | +€182,013 | +6.4% |
| Amounts payable | 17/49 | €1,231,674 | €4,342,568 | +€3.1m | +253% |
| Amounts payable after more than one year | 17 | €604,985 | €3,679,487 | +€3.1m | +508% |
| Financial debts | 170/4 | €604,985 | €3,679,487 | +€3.1m | +508% |
| Amounts payable within one year | 42/48 | €626,689 | €663,081 | +€36,391 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €105,128 | €315,385 | +€210,256 | +200% |
| Trade debts | 44 | - | €2,344 | +€2,344 | |
| Suppliers | 440/4 | - | €2,344 | +€2,344 | |
| Taxes, remuneration and social security | 45 | €36,561 | €45,352 | +€8,791 | +24.0% |
| Taxes | 450/3 | €36,561 | €45,352 | +€8,791 | +24.0% |
| Other amounts payable | 47/48 | €485,000 | €300,000 | -€185,000 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,770 | €167,595 | +€42,825 | +34.3% |
| Other operating charges | 640/8 | €46,774 | €51,190 | +€4,415 | +9.4% |
| Gross operating margin | 9900 | €534,618 | €589,477 | +€54,859 | +10.3% |
| Operating profit (loss) | 9901 | €363,074 | €370,692 | +€7,619 | +2.1% |
| Financial income | 75/76B | €6,152 | €974 | -€5,178 | -84.2% |
| Recurring financial income | 75 | €6,152 | €974 | -€5,178 | -84.2% |
| Financial charges | 65/66B | €21,502 | €128,979 | +€107,477 | +500% |
| Recurring financial charges | 65 | €21,502 | €128,979 | +€107,477 | +500% |
| Profit (loss) for the period before taxes | 9903 | €347,724 | €242,688 | -€105,037 | -30.2% |
| Income taxes | 67/77 | €88,088 | €60,675 | -€27,413 | -31.1% |
| Profit (loss) for the period | 9904 | €259,636 | €182,013 | -€77,624 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €259,636 | €182,013 | -€77,624 | -29.9% |
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 24 October 2026 via checked.be.