GRIMSOM: 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.
GRIMSOM
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+527.4%), from €192,386 to €1.2m
of which Land and buildings: +€999,645
- Cash -€295,231
down €295,231 (-58.4%), from €505,644 to €210,413
mainly Investment in fixed assets (net) (-€1.2m) and Trade debts (-€323,236)
- Intangible fixed assets -€125,000
down €125,000 (-17.6%), from €708,219 to €583,219
- Debts after one year +€633,356
up €633,356 (+219.0%), from €289,199 to €922,555
- Trade debts -€323,236
down €323,236 (-85.9%), from €376,273 to €53,038
- Reserves +€228,831
up €228,831 (+35.8%), from €639,327 to €868,158
- Current portion of long-term debt +€72,638
up €72,638 (+101.9%), from €71,316 to €143,954
- Tax, wage and social debts -€27,946
down €27,946 (-54.8%), from €51,042 to €23,096
of which Taxes: -€27,153
- Staff costs +€242,637
up €242,637 (+53.6%), from €452,428 to €695,065
- Depreciation +€144,518
up €144,518 (+93.0%), from €155,369 to €299,887
- Taxes -€116,799
down €116,799 (-61.9%), from €188,708 to €71,909
- Gross operating margin +€94,960
up €94,960 (+7.7%), from €1.2m to €1.3m
- Turnover +€82,881
up €82,881 (+4.0%), from €2.1m to €2.2m
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 | €1,500,451 | €2,094,120 | +€593,669 | +39.6% |
| Fixed assets | 21/28 | €920,680 | €1,802,241 | +€881,561 | +95.8% |
| Intangible fixed assets | 21 | €708,219 | €583,219 | -€125,000 | -17.6% |
| Tangible fixed assets | 22/27 | €192,386 | €1,207,097 | +€1.0m | +527.4% |
| Land and buildings | 22 | - | €999,645 | +€999,645 | |
| Plant, machinery and equipment | 23 | €192,386 | €207,452 | +€15,066 | +7.8% |
| Financial fixed assets | 28 | €20,075 | €11,925 | -€8,150 | -40.6% |
| Current assets | 29/58 | €579,771 | €291,879 | -€287,892 | -49.7% |
| Stocks and contracts in progress | 3 | €28,000 | €28,000 | = | 0.0% |
| Stocks | 30/36 | €28,000 | €28,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,198 | €53,447 | +€8,249 | +18.3% |
| Trade receivables | 40 | €44,903 | €46,847 | +€1,944 | +4.3% |
| Other amounts receivable | 41 | €294 | €6,599 | +€6,305 | +2142.4% |
| Cash at bank and in hand | 54/58 | €505,644 | €210,413 | -€295,231 | -58.4% |
| Deferred charges and accrued income | 490/1 | €929 | €19 | -€910 | -98.0% |
| Total equity and liabilities | 10/49 | €1,500,451 | €2,094,120 | +€593,669 | +39.6% |
| Equity | 10/15 | €709,327 | €938,158 | +€228,831 | +32.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €639,327 | €868,158 | +€228,831 | +35.8% |
| Distributable reserves | 133 | €639,327 | €868,158 | +€228,831 | +35.8% |
| Amounts payable | 17/49 | €791,124 | €1,155,962 | +€364,838 | +46.1% |
| Amounts payable after more than one year | 17 | €289,199 | €922,555 | +€633,356 | +219.0% |
| Financial debts | 170/4 | €289,199 | €922,555 | +€633,356 | +219.0% |
| Amounts payable within one year | 42/48 | €501,925 | €232,005 | -€269,920 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €71,316 | €143,954 | +€72,638 | +101.9% |
| Trade debts | 44 | €376,273 | €53,038 | -€323,236 | -85.9% |
| Suppliers | 440/4 | €376,273 | €53,038 | -€323,236 | -85.9% |
| Taxes, remuneration and social security | 45 | €51,042 | €23,096 | -€27,946 | -54.8% |
| Taxes | 450/3 | €31,269 | €4,116 | -€27,153 | -86.8% |
| Remuneration and social security | 454/9 | €19,773 | €18,980 | -€793 | -4.0% |
| Other amounts payable | 47/48 | €3,293 | €11,917 | +€8,623 | +261.8% |
| Accrued charges and deferred income | 492/3 | - | €1,402 | +€1,402 | |
| Turnover | 70 | €2,075,760 | €2,158,641 | +€82,881 | +4.0% |
| Non-recurring operating income | 76A | €526 | - | -€526 | |
| Goods, raw materials, services and sundry goods | 60/61 | €878,301 | €879,659 | +€1,357 | +0.2% |
| Remuneration, social security and pensions | 62 | €452,428 | €695,065 | +€242,637 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,369 | €299,887 | +€144,518 | +93.0% |
| Other operating charges | 640/8 | €4,746 | €10,831 | +€6,085 | +128.2% |
| Gross operating margin | 9900 | €1,227,614 | €1,322,574 | +€94,960 | +7.7% |
| Operating profit (loss) | 9901 | €615,072 | €316,792 | -€298,280 | -48.5% |
| Financial income | 75/76B | €6,615 | €10,420 | +€3,806 | +57.5% |
| Recurring financial income | 75 | €6,615 | €10,420 | +€3,806 | +57.5% |
| Financial charges | 65/66B | €18,209 | €26,472 | +€8,263 | +45.4% |
| Recurring financial charges | 65 | €18,209 | €26,472 | +€8,263 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €603,478 | €300,740 | -€302,737 | -50.2% |
| Income taxes | 67/77 | €188,708 | €71,909 | -€116,799 | -61.9% |
| Profit (loss) for the period | 9904 | €414,770 | €228,831 | -€185,939 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €414,770 | €228,831 | -€185,939 | -44.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.