GRIMWOOD: 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.
GRIMWOOD
Largest movements
- Tangible fixed assets -€18,365
down €18,365 (-30.0%), from €61,260 to €42,895
of which Furniture and vehicles: -€11,373
- Receivables within one year +€14,401
up €14,401 (+26.3%), from €54,702 to €69,103
of which Trade receivables: +€13,785
- Trade debts +€18,162
up €18,162 (+61.9%), from €29,323 to €47,485
- Tax, wage and social debts -€12,596
down €12,596 (-88.0%), from €14,307 to €1,710
- Profit (loss) carried forward -€10,263
down €10,263 (-11.1%), from -€92,068 to -€102,331
- Debts after one year -€6,508
down €6,508 (-11.7%), from €55,612 to €49,104
- Other debts +€6,341
up €6,341 (+26.4%), from €23,989 to €30,330
- Gross operating margin -€10,121
down €10,121 (-43.1%), from €23,468 to €13,347
- Taxes -€3,128
down €3,128 (-94.2%), from €3,319 to €191
- Provisions +€2,500
no longer reported in 2025 (was -€2,500)
- Financial income +€822
up €822 (+319%), from €258 to €1,080
- Financial charges +€460
up €460 (+12.3%), from €3,736 to €4,196
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 | €117,462 | €113,705 | -€3,757 | -3.2% |
| Fixed assets | 21/28 | €61,260 | €42,895 | -€18,365 | -30.0% |
| Tangible fixed assets | 22/27 | €61,260 | €42,895 | -€18,365 | -30.0% |
| Plant, machinery and equipment | 23 | €21,714 | €14,722 | -€6,992 | -32.2% |
| Furniture and vehicles | 24 | €39,546 | €28,173 | -€11,373 | -28.8% |
| Current assets | 29/58 | €56,202 | €70,809 | +€14,608 | +26.0% |
| Amounts receivable within one year | 40/41 | €54,702 | €69,103 | +€14,401 | +26.3% |
| Trade receivables | 40 | €54,702 | €68,488 | +€13,785 | +25.2% |
| Other amounts receivable | 41 | - | €615 | +€615 | |
| Cash at bank and in hand | 54/58 | €455 | €348 | -€107 | -23.5% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,358 | +€314 | +30.0% |
| Total equity and liabilities | 10/49 | €117,462 | €113,705 | -€3,757 | -3.2% |
| Equity | 10/15 | -€16,091 | -€26,354 | -€10,263 | -63.8% |
| Contributions | 10/11 | €74,789 | €74,789 | = | 0.0% |
| Reserves | 13 | €1,187 | €1,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,187 | €1,187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,187 | €1,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,068 | -€102,331 | -€10,263 | -11.1% |
| Amounts payable | 17/49 | €133,553 | €140,059 | +€6,506 | +4.9% |
| Amounts payable after more than one year | 17 | €55,612 | €49,104 | -€6,508 | -11.7% |
| Financial debts | 170/4 | €55,612 | €49,104 | -€6,508 | -11.7% |
| Amounts payable within one year | 42/48 | €74,474 | €87,488 | +€13,014 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €6,311 | €6,508 | +€197 | +3.1% |
| Financial debts | 43 | €545 | €1,455 | +€910 | +167% |
| Credit institutions | 430/8 | €545 | €1,455 | +€910 | +167% |
| Trade debts | 44 | €29,323 | €47,485 | +€18,162 | +61.9% |
| Suppliers | 440/4 | €29,323 | €47,485 | +€18,162 | +61.9% |
| Taxes, remuneration and social security | 45 | €14,307 | €1,710 | -€12,596 | -88.0% |
| Taxes | 450/3 | €14,307 | €1,710 | -€12,596 | -88.0% |
| Other amounts payable | 47/48 | €23,989 | €30,330 | +€6,341 | +26.4% |
| Accrued charges and deferred income | 492/3 | €3,466 | €3,466 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,365 | €18,365 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,500 | - | +€2,500 | |
| Other operating charges | 640/8 | €1,665 | €1,939 | +€274 | +16.5% |
| Non-recurring operating charges | 66A | €1,616 | - | -€1,616 | |
| Gross operating margin | 9900 | €23,468 | €13,347 | -€10,121 | -43.1% |
| Operating profit (loss) | 9901 | €4,323 | -€6,956 | -€11,279 | |
| Financial income | 75/76B | €258 | €1,080 | +€822 | +319% |
| Recurring financial income | 75 | €258 | €1,080 | +€822 | +319% |
| Financial charges | 65/66B | €3,736 | €4,196 | +€460 | +12.3% |
| Recurring financial charges | 65 | €3,736 | €4,196 | +€460 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €845 | -€10,072 | -€10,918 | |
| Income taxes | 67/77 | €3,319 | €191 | -€3,128 | -94.2% |
| Profit (loss) for the period | 9904 | -€2,474 | -€10,263 | -€7,790 | -315% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,474 | -€10,263 | -€7,790 | -315% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.