Grimobel: 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.
What changed
Grimobel
NACE 47.711, Retail sale of women's outerwear
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€186,195
2024 · €27,139-€213,334
Equity
€3.2m
2024 · €3.4m-€186,195
Cash
€240,384
2024 · €566,355-€325,971
Balance sheet total
€3.7m
2024 · €4.1m-€465,222
Largest movements
Assets
- Cash -€325,971
down €325,971 (-57.6%), from €566,355 to €240,384
mainly Other debts (-€198,241) and Net result for the year (-€186,195)
- Tangible fixed assets -€150,916
down €150,916 (-4.8%), from €3.1m to €3.0m
of which Land and buildings: -€146,685
Equity and liabilities
- Other debts -€198,241
down €198,241 (-60.2%), from €329,186 to €130,945
- Profit (loss) carried forward -€149,539
down €149,539 (-7.2%), from €2.1m to €1.9m
Income statement
- Gross operating margin -€312,367
down €312,367 (-82.3%), from €379,361 to €66,994
- Write-downs -€75,000
new in 2025: -€75,000
- Financial charges -€53,426
down €53,426 (-91.3%), from €58,521 to €5,096
- Financial income -€22,534
down €22,534 (-96.8%), from €23,273 to €739
- Depreciation +€12,270
up €12,270 (+5.8%), from €211,571 to €223,841
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.
Result 2024
€27,139
Gross operating margin
-€312,367
Depreciation
-€12,270
Write-downs
+€75,000
Other operating charges
+€464
Other operating items
-€75,000
Financial income
-€22,534
Financial charges
+€53,426
Taxes
-€3,962
Deferred taxes and other
+€83,910
Result 2025
-€186,195
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.
From operations
-€228,098
Investment
-€79,176
Financing
-€18,697
Cash 2024
€566,355
From operations (derived)
-€228,098
Net result for the year
-€186,195
Depreciation
+€223,841
Receivables within one year
-€5,780
Smaller working-capital items
+€867
Provisions
-€12,219
Trade debts
-€33,637
Other debts
-€198,241
Accrued charges and deferred income
-€16,735
Investment (derived)
-€79,176
Investment in fixed assets (net)
-€72,926
Current investments
-€6,250
Financing
-€18,697
Debts after one year
-€18,991
Current portion of long-term debt
+€294
Cash 2025
€240,384
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,140,660 | €3,675,438 | -€465,222 | -11.2% |
| Fixed assets | 21/28 | €3,126,895 | €2,975,979 | -€150,916 | -4.8% |
| Tangible fixed assets | 22/27 | €3,126,876 | €2,975,961 | -€150,916 | -4.8% |
| Land and buildings | 22 | €3,106,152 | €2,959,466 | -€146,685 | -4.7% |
| Furniture and vehicles | 24 | €20,725 | €16,494 | -€4,230 | -20.4% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €1,013,766 | €699,459 | -€314,307 | -31.0% |
| Amounts receivable within one year | 40/41 | €1,880 | €7,660 | +€5,780 | +307.5% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €1,880 | €1,610 | -€270 | -14.4% |
| Current investments | 50/53 | €429,500 | €435,750 | +€6,250 | +1.5% |
| Cash at bank and in hand | 54/58 | €566,355 | €240,384 | -€325,971 | -57.6% |
| Deferred charges and accrued income | 490/1 | €16,031 | €15,666 | -€366 | -2.3% |
| Total equity and liabilities | 10/49 | €4,140,660 | €3,675,438 | -€465,222 | -11.2% |
| Equity | 10/15 | €3,360,227 | €3,174,032 | -€186,195 | -5.5% |
| Contributions | 10/11 | €696,700 | €696,700 | = | 0.0% |
| Capital | 10 | €696,700 | €696,700 | = | 0.0% |
| Issued capital | 100 | €696,700 | €696,700 | = | 0.0% |
| Reserves | 13 | €596,279 | €559,622 | -€36,656 | -6.1% |
| Non-distributable reserves | 130/1 | €124,544 | €124,544 | = | 0.0% |
| Legal reserve | 130 | €124,544 | €124,544 | = | 0.0% |
| Tax-exempt reserves | 132 | €471,735 | €435,079 | -€36,656 | -7.8% |
| Profit (loss) carried forward | 14 | €2,067,248 | €1,917,710 | -€149,539 | -7.2% |
| Provisions and deferred taxes | 16 | €157,245 | €145,026 | -€12,219 | -7.8% |
| Deferred taxes | 168 | €157,245 | €145,026 | -€12,219 | -7.8% |
| Amounts payable | 17/49 | €623,189 | €356,380 | -€266,809 | -42.8% |
| Amounts payable after more than one year | 17 | €182,065 | €163,074 | -€18,991 | -10.4% |
| Financial debts | 170/4 | €182,065 | €163,074 | -€18,991 | -10.4% |
| Amounts payable within one year | 42/48 | €417,152 | €186,069 | -€231,083 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €18,697 | €18,991 | +€294 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €60,881 | €27,243 | -€33,637 | -55.3% |
| Suppliers | 440/4 | €60,881 | €27,243 | -€33,637 | -55.3% |
| Taxes, remuneration and social security | 45 | €8,388 | €8,889 | +€501 | +6.0% |
| Taxes | 450/3 | €8,388 | €8,889 | +€501 | +6.0% |
| Other amounts payable | 47/48 | €329,186 | €130,945 | -€198,241 | -60.2% |
| Accrued charges and deferred income | 492/3 | €23,971 | €7,237 | -€16,735 | -69.8% |
| Non-recurring operating income | 76A | €347,416 | €12,255 | -€335,160 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,571 | €223,841 | +€12,270 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€75,000 | -€75,000 | |
| Other operating charges | 640/8 | €36,275 | €35,811 | -€464 | -1.3% |
| Non-recurring operating charges | 66A | - | €75,000 | +€75,000 | |
| Gross operating margin | 9900 | €379,361 | €66,994 | -€312,367 | -82.3% |
| Operating profit (loss) | 9901 | €131,515 | -€192,658 | -€324,173 | |
| Financial income | 75/76B | €23,273 | €739 | -€22,534 | -96.8% |
| Recurring financial income | 75 | €23,273 | €739 | -€22,534 | -96.8% |
| Financial charges | 65/66B | €58,521 | €5,096 | -€53,426 | -91.3% |
| Recurring financial charges | 65 | €58,521 | €5,096 | -€53,426 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | €96,267 | -€197,014 | -€293,281 | |
| Transfer from deferred taxes | 780 | €15,163 | €12,219 | -€2,944 | -19.4% |
| Transfer to deferred taxes | 680 | €86,854 | €0 | -€86,854 | -100.0% |
| Income taxes | 67/77 | -€2,563 | €1,399 | +€3,962 | |
| Profit (loss) for the period | 9904 | €27,139 | -€186,195 | -€213,334 | |
| Transfer from tax-exempt reserves | 789 | €45,489 | €36,656 | -€8,833 | -19.4% |
| Transfer to tax-exempt reserves | 689 | €260,562 | €0 | -€260,562 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,934 | -€149,539 | +€38,395 | +20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.