GRIPIERRES: 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.
GRIPIERRES
Largest movements
- Cash +€196,888
up €196,888 (+72.0%), from €273,527 to €470,416
mainly Net result for the year (+€207,514) and Receivables within one year (+€105,312)
- Receivables within one year -€105,312
down €105,312 (-41.3%), from €254,915 to €149,603
of which Trade receivables: -€96,586
- Stocks and contracts +€27,277
up €27,277 (+29.0%), from €94,207 to €121,484
- Tangible fixed assets +€25,468
up €25,468 (+9.7%), from €263,667 to €289,135
of which Furniture and vehicles: +€25,207
- Profit (loss) carried forward +€107,514
up €107,514 (+17.7%), from €607,937 to €715,451
- Tax, wage and social debts +€43,520
up €43,520 (+104%), from €41,830 to €85,349
of which Taxes: +€27,681
- Advances received -€14,242
no longer reported in 2025 (was €14,242)
- Gross operating margin +€59,750
up €59,750 (+7.8%), from €766,512 to €826,262
- Staff costs +€33,664
up €33,664 (+7.4%), from €453,724 to €487,388
- Other operating charges -€16,577
down €16,577 (-45.1%), from €36,750 to €20,173
- Taxes +€12,531
up €12,531 (+20.5%), from €61,025 to €73,556
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 | €894,642 | €1,039,640 | +€144,998 | +16.2% |
| Fixed assets | 21/28 | €264,662 | €289,950 | +€25,288 | +9.6% |
| Tangible fixed assets | 22/27 | €263,667 | €289,135 | +€25,468 | +9.7% |
| Land and buildings | 22 | €192,370 | €174,426 | -€17,945 | -9.3% |
| Plant, machinery and equipment | 23 | €67,938 | €86,143 | +€18,205 | +26.8% |
| Furniture and vehicles | 24 | €3,359 | €28,566 | +€25,207 | +750% |
| Financial fixed assets | 28 | €995 | €815 | -€180 | -18.1% |
| Current assets | 29/58 | €629,980 | €749,689 | +€119,710 | +19.0% |
| Stocks and contracts in progress | 3 | €94,207 | €121,484 | +€27,277 | +29.0% |
| Stocks | 30/36 | €94,207 | €121,484 | +€27,277 | +29.0% |
| Amounts receivable within one year | 40/41 | €254,915 | €149,603 | -€105,312 | -41.3% |
| Trade receivables | 40 | €246,190 | €149,603 | -€96,586 | -39.2% |
| Other amounts receivable | 41 | €8,726 | - | -€8,726 | |
| Current investments | 50/53 | €641 | €633 | -€8 | -1.2% |
| Cash at bank and in hand | 54/58 | €273,527 | €470,416 | +€196,888 | +72.0% |
| Deferred charges and accrued income | 490/1 | €6,689 | €7,553 | +€864 | +12.9% |
| Total equity and liabilities | 10/49 | €894,642 | €1,039,640 | +€144,998 | +16.2% |
| Equity | 10/15 | €685,968 | €792,821 | +€106,853 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,110 | €58,110 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €607,937 | €715,451 | +€107,514 | +17.7% |
| Investment grants | 15 | €1,321 | €661 | -€661 | -50.0% |
| Amounts payable | 17/49 | €208,673 | €246,818 | +€38,145 | +18.3% |
| Amounts payable within one year | 42/48 | €208,673 | €246,818 | +€38,145 | +18.3% |
| Trade debts | 44 | €52,576 | €61,469 | +€8,893 | +16.9% |
| Suppliers | 440/4 | €52,576 | €61,469 | +€8,893 | +16.9% |
| Advances received on contracts in progress | 46 | €14,242 | - | -€14,242 | |
| Taxes, remuneration and social security | 45 | €41,830 | €85,349 | +€43,520 | +104% |
| Taxes | 450/3 | - | €27,681 | +€27,681 | |
| Remuneration and social security | 454/9 | €41,830 | €57,669 | +€15,839 | +37.9% |
| Other amounts payable | 47/48 | €100,026 | €100,000 | -€26 | 0.0% |
| Remuneration, social security and pensions | 62 | €453,724 | €487,388 | +€33,664 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,456 | €34,764 | +€3,308 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,898 | - | -€1,898 | |
| Other operating charges | 640/8 | €36,750 | €20,173 | -€16,577 | -45.1% |
| Gross operating margin | 9900 | €766,512 | €826,262 | +€59,750 | +7.8% |
| Operating profit (loss) | 9901 | €242,683 | €283,936 | +€41,253 | +17.0% |
| Financial income | 75/76B | €2,178 | €750 | -€1,428 | -65.6% |
| Recurring financial income | 75 | €2,178 | €750 | -€1,428 | -65.6% |
| Financial charges | 65/66B | €1,649 | €3,616 | +€1,967 | +119% |
| Recurring financial charges | 65 | €1,649 | €3,616 | +€1,967 | +119% |
| Profit (loss) for the period before taxes | 9903 | €243,212 | €281,070 | +€37,858 | +15.6% |
| Income taxes | 67/77 | €61,025 | €73,556 | +€12,531 | +20.5% |
| Profit (loss) for the period | 9904 | €182,187 | €207,514 | +€25,327 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €182,187 | €207,514 | +€25,327 | +13.9% |
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 25 October 2026 via checked.be.