Gringotts: 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.
Gringotts
Largest movements
- Tangible fixed assets +€453,750
up €453,750 (+44.1%), from €1.0m to €1.5m
of which Land and buildings: +€456,061
- Cash -€80,436
down €80,436 (-56.8%), from €141,592 to €61,156
mainly Investment in fixed assets (net) (-€508,553) and Other debts (-€54,285)
- Debts after one year +€307,027
up €307,027 (+71.9%), from €427,285 to €734,312
- Trade debts +€107,269
up €107,269 (+5135.8%), from €2,089 to €109,357
- Other debts -€54,285
down €54,285 (-11.5%), from €472,840 to €418,555
- Current portion of long-term debt +€28,605
up €28,605 (+139.4%), from €20,521 to €49,127
- Gross operating margin -€488,521
down €488,521 (-83.6%), from €584,073 to €95,552
- Other operating charges -€128,390
down €128,390 (-98.9%), from €129,792 to €1,402
- Taxes -€101,352
down €101,352 (-99.4%), from €101,992 to €640
- Financial charges +€40,866
up €40,866 (+286.9%), from €14,244 to €55,111
- Depreciation +€34,321
up €34,321 (+167.6%), from €20,482 to €54,803
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 | €1,355,838 | €1,732,746 | +€376,908 | +27.8% |
| Fixed assets | 21/28 | €1,028,753 | €1,482,503 | +€453,750 | +44.1% |
| Tangible fixed assets | 22/27 | €1,028,753 | €1,482,503 | +€453,750 | +44.1% |
| Land and buildings | 22 | €954,064 | €1,410,125 | +€456,061 | +47.8% |
| Furniture and vehicles | 24 | €74,689 | €72,378 | -€2,311 | -3.1% |
| Current assets | 29/58 | €327,085 | €250,243 | -€76,842 | -23.5% |
| Amounts receivable within one year | 40/41 | €182,655 | €187,693 | +€5,037 | +2.8% |
| Trade receivables | 40 | €180,267 | €183,340 | +€3,073 | +1.7% |
| Other amounts receivable | 41 | €2,388 | €4,352 | +€1,964 | +82.3% |
| Cash at bank and in hand | 54/58 | €141,592 | €61,156 | -€80,436 | -56.8% |
| Deferred charges and accrued income | 490/1 | €2,838 | €1,394 | -€1,443 | -50.9% |
| Total equity and liabilities | 10/49 | €1,355,838 | €1,732,746 | +€376,908 | +27.8% |
| Equity | 10/15 | €320,563 | €304,160 | -€16,403 | -5.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €317,563 | €301,160 | -€16,403 | -5.2% |
| Amounts payable | 17/49 | €1,035,275 | €1,428,586 | +€393,311 | +38.0% |
| Amounts payable after more than one year | 17 | €427,285 | €734,312 | +€307,027 | +71.9% |
| Financial debts | 170/4 | €427,285 | €734,312 | +€307,027 | +71.9% |
| Amounts payable within one year | 42/48 | €607,990 | €694,273 | +€86,284 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €20,521 | €49,127 | +€28,605 | +139.4% |
| Trade debts | 44 | €2,089 | €109,357 | +€107,269 | +5135.8% |
| Suppliers | 440/4 | €2,089 | €109,357 | +€107,269 | +5135.8% |
| Taxes, remuneration and social security | 45 | €112,539 | €117,234 | +€4,695 | +4.2% |
| Taxes | 450/3 | €112,539 | €117,234 | +€4,695 | +4.2% |
| Other amounts payable | 47/48 | €472,840 | €418,555 | -€54,285 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,482 | €54,803 | +€34,321 | +167.6% |
| Other operating charges | 640/8 | €129,792 | €1,402 | -€128,390 | -98.9% |
| Gross operating margin | 9900 | €584,073 | €95,552 | -€488,521 | -83.6% |
| Operating profit (loss) | 9901 | €433,799 | €39,347 | -€394,451 | -90.9% |
| Financial charges | 65/66B | €14,244 | €55,111 | +€40,866 | +286.9% |
| Recurring financial charges | 65 | €14,244 | €55,111 | +€40,866 | +286.9% |
| Profit (loss) for the period before taxes | 9903 | €419,554 | -€15,763 | -€435,318 | |
| Income taxes | 67/77 | €101,992 | €640 | -€101,352 | -99.4% |
| Profit (loss) for the period | 9904 | €317,563 | -€16,403 | -€333,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €317,563 | -€16,403 | -€333,965 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.