GRIMNOT: 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.
GRIMNOT
Largest movements
- Receivables within one year -€412,000
down €412,000 (-60.7%), from €678,346 to €266,346
of which Other amounts receivable: -€412,000
- Cash +€161,916
up €161,916 (+104%), from €155,848 to €317,764
mainly Receivables within one year (+€412,000) and Current investments (+€150,000)
- Current investments -€150,000
down €150,000 (-50.5%), from €297,000 to €147,000
- Other debts -€463,626
down €463,626 (-97.2%), from €477,051 to €13,425
- Reserves +€85,500
up €85,500 (+12.2%), from €701,600 to €787,100
- Debts after one year -€35,991
down €35,991 (-12.5%), from €287,536 to €251,545
- Gross operating margin -€18,267
down €18,267 (-10.6%), from €172,676 to €154,409
- Taxes -€6,862
down €6,862 (-16.5%), from €41,468 to €34,606
- Financial income -€2,210
down €2,210 (-13.2%), from €16,693 to €14,483
- Depreciation +€1,952
up €1,952 (+4.8%), from €40,856 to €42,808
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 | €1,861,955 | €1,442,392 | -€419,564 | -22.5% |
| Fixed assets | 21/28 | €716,563 | €706,995 | -€9,568 | -1.3% |
| Tangible fixed assets | 22/27 | €716,563 | €706,995 | -€9,568 | -1.3% |
| Land and buildings | 22 | €596,406 | €611,016 | +€14,610 | +2.4% |
| Plant, machinery and equipment | 23 | €40,509 | €36,141 | -€4,368 | -10.8% |
| Furniture and vehicles | 24 | €79,648 | €59,838 | -€19,810 | -24.9% |
| Current assets | 29/58 | €1,145,392 | €735,397 | -€409,995 | -35.8% |
| Amounts receivable within one year | 40/41 | €678,346 | €266,346 | -€412,000 | -60.7% |
| Trade receivables | 40 | €6,346 | €6,346 | = | 0.0% |
| Other amounts receivable | 41 | €672,000 | €260,000 | -€412,000 | -61.3% |
| Current investments | 50/53 | €297,000 | €147,000 | -€150,000 | -50.5% |
| Cash at bank and in hand | 54/58 | €155,848 | €317,764 | +€161,916 | +104% |
| Deferred charges and accrued income | 490/1 | €14,198 | €4,288 | -€9,911 | -69.8% |
| Total equity and liabilities | 10/49 | €1,861,955 | €1,442,392 | -€419,564 | -22.5% |
| Equity | 10/15 | €1,041,152 | €1,126,769 | +€85,617 | +8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €701,600 | €787,100 | +€85,500 | +12.2% |
| Distributable reserves | 133 | €701,600 | €787,100 | +€85,500 | +12.2% |
| Profit (loss) carried forward | 14 | €327,152 | €327,269 | +€117 | 0.0% |
| Amounts payable | 17/49 | €820,803 | €315,623 | -€505,180 | -61.5% |
| Amounts payable after more than one year | 17 | €287,536 | €251,545 | -€35,991 | -12.5% |
| Financial debts | 170/4 | €287,536 | €251,545 | -€35,991 | -12.5% |
| Amounts payable within one year | 42/48 | €533,267 | €63,079 | -€470,188 | -88.2% |
| Current portion of amounts payable after more than one year | 42 | €35,376 | €35,994 | +€618 | +1.7% |
| Trade debts | 44 | €2,032 | €2,016 | -€16 | -0.8% |
| Suppliers | 440/4 | €2,032 | €2,016 | -€16 | -0.8% |
| Taxes, remuneration and social security | 45 | €18,809 | €11,645 | -€7,164 | -38.1% |
| Taxes | 450/3 | €18,809 | €11,645 | -€7,164 | -38.1% |
| Other amounts payable | 47/48 | €477,051 | €13,425 | -€463,626 | -97.2% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Non-recurring operating income | 76A | €21,032 | - | -€21,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,856 | €42,808 | +€1,952 | +4.8% |
| Other operating charges | 640/8 | €3,435 | €2,031 | -€1,404 | -40.9% |
| Non-recurring operating charges | 66A | €86 | - | -€86 | |
| Gross operating margin | 9900 | €172,676 | €154,409 | -€18,267 | -10.6% |
| Operating profit (loss) | 9901 | €128,299 | €109,570 | -€18,729 | -14.6% |
| Financial income | 75/76B | €16,693 | €14,483 | -€2,210 | -13.2% |
| Recurring financial income | 75 | €16,693 | €14,483 | -€2,210 | -13.2% |
| Financial charges | 65/66B | €3,720 | €3,830 | +€110 | +3.0% |
| Recurring financial charges | 65 | €3,720 | €3,830 | +€110 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €141,272 | €120,223 | -€21,049 | -14.9% |
| Income taxes | 67/77 | €41,468 | €34,606 | -€6,862 | -16.5% |
| Profit (loss) for the period | 9904 | €99,804 | €85,617 | -€14,188 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,804 | €85,617 | -€14,188 | -14.2% |
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 14 October 2026 via checked.be.