GRIS: 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.
GRIS
Largest movements
- Cash +€98,693
up €98,693 (+30.6%), from €322,626 to €421,318
mainly Other debts (+€162,116) and Net result for the year (+€67,063)
- Tangible fixed assets +€31,837
up €31,837 (+43.6%), from €73,056 to €104,892
of which Land and buildings: +€17,794
- Receivables within one year +€25,755
up €25,755 (+6.1%), from €420,114 to €445,868
of which Other amounts receivable: +€21,702
- Other debts +€162,116
up €162,116 (+62.4%), from €260,006 to €422,122
- Reserves -€32,937
down €32,937 (-6.9%), from €477,415 to €444,479
of which Distributable reserves: -€32,937
- Tax, wage and social debts +€22,291
up €22,291 (+106.3%), from €20,978 to €43,269
of which Remuneration and social security: +€14,578
- Gross operating margin +€95,049
up €95,049 (+40.0%), from €237,655 to €332,704
- Staff costs +€78,477
up €78,477 (+63.0%), from €124,488 to €202,966
- Financial charges +€7,248
up €7,248 (+34.6%), from €20,955 to €28,202
- Financial income +€6,026
up €6,026 (+68.3%), from €8,822 to €14,848
- Taxes +€3,922
up €3,922 (+19.1%), from €20,518 to €24,440
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 | €939,398 | €1,090,646 | +€151,248 | +16.1% |
| Fixed assets | 21/28 | €73,247 | €105,083 | +€31,837 | +43.5% |
| Tangible fixed assets | 22/27 | €73,056 | €104,892 | +€31,837 | +43.6% |
| Land and buildings | 22 | €64,885 | €82,679 | +€17,794 | +27.4% |
| Plant, machinery and equipment | 23 | €8,171 | €5,225 | -€2,946 | -36.1% |
| Furniture and vehicles | 24 | - | €16,988 | +€16,988 | |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €866,151 | €985,562 | +€119,411 | +13.8% |
| Stocks and contracts in progress | 3 | €113,905 | €115,580 | +€1,675 | +1.5% |
| Stocks | 30/36 | €113,905 | €115,580 | +€1,675 | +1.5% |
| Amounts receivable within one year | 40/41 | €420,114 | €445,868 | +€25,755 | +6.1% |
| Trade receivables | 40 | €4,487 | €8,540 | +€4,052 | +90.3% |
| Other amounts receivable | 41 | €415,626 | €437,329 | +€21,702 | +5.2% |
| Cash at bank and in hand | 54/58 | €322,626 | €421,318 | +€98,693 | +30.6% |
| Deferred charges and accrued income | 490/1 | €9,506 | €2,795 | -€6,711 | -70.6% |
| Total equity and liabilities | 10/49 | €939,398 | €1,090,646 | +€151,248 | +16.1% |
| Equity | 10/15 | €544,915 | €511,979 | -€32,937 | -6.0% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Capital | 10 | €67,500 | €67,500 | = | 0.0% |
| Issued capital | 100 | €67,500 | €67,500 | = | 0.0% |
| Reserves | 13 | €477,415 | €444,479 | -€32,937 | -6.9% |
| Non-distributable reserves | 130/1 | €6,750 | €6,750 | = | 0.0% |
| Legal reserve | 130 | €6,750 | €6,750 | = | 0.0% |
| Distributable reserves | 133 | €470,665 | €437,729 | -€32,937 | -7.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €394,482 | €578,667 | +€184,184 | +46.7% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €329,487 | €506,795 | +€177,308 | +53.8% |
| Trade debts | 44 | €48,503 | €41,404 | -€7,099 | -14.6% |
| Suppliers | 440/4 | €48,503 | €41,404 | -€7,099 | -14.6% |
| Taxes, remuneration and social security | 45 | €20,978 | €43,269 | +€22,291 | +106.3% |
| Taxes | 450/3 | €10,264 | €17,977 | +€7,713 | +75.1% |
| Remuneration and social security | 454/9 | €10,714 | €25,292 | +€14,578 | +136.1% |
| Other amounts payable | 47/48 | €260,006 | €422,122 | +€162,116 | +62.4% |
| Accrued charges and deferred income | 492/3 | €14,995 | €21,872 | +€6,877 | +45.9% |
| Remuneration, social security and pensions | 62 | €124,488 | €202,966 | +€78,477 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,179 | €14,513 | +€334 | +2.4% |
| Other operating charges | 640/8 | €9,909 | €10,368 | +€459 | +4.6% |
| Gross operating margin | 9900 | €237,655 | €332,704 | +€95,049 | +40.0% |
| Operating profit (loss) | 9901 | €89,079 | €104,857 | +€15,779 | +17.7% |
| Financial income | 75/76B | €8,822 | €14,848 | +€6,026 | +68.3% |
| Recurring financial income | 75 | €8,822 | €14,848 | +€6,026 | +68.3% |
| Financial charges | 65/66B | €20,955 | €28,202 | +€7,248 | +34.6% |
| Recurring financial charges | 65 | €20,955 | €28,202 | +€7,248 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €76,946 | €91,503 | +€14,558 | +18.9% |
| Income taxes | 67/77 | €20,518 | €24,440 | +€3,922 | +19.1% |
| Profit (loss) for the period | 9904 | €56,427 | €67,063 | +€10,636 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,427 | €67,063 | +€10,636 | +18.8% |
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 12 October 2026 via checked.be.