GRISANA: 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.
GRISANA
Largest movements
- Cash -€61,226
down €61,226 (-72.2%), from €84,752 to €23,526
mainly Other debts (-€61,941) and Tax, wage and social debts (-€15,998)
- Receivables within one year +€10,377
up €10,377 (+268.4%), from €3,866 to €14,243
of which Trade receivables: +€11,082
- Tangible fixed assets -€2,250
down €2,250 (-38.9%), from €5,782 to €3,532
- Other debts -€61,941
down €61,941 (-95.7%), from €64,726 to €2,785
- Reserves +€27,760
new in 2025: €27,760
- Tax, wage and social debts -€15,998
down €15,998 (-69.6%), from €23,000 to €7,002
of which Taxes: -€15,744
- Trade debts -€2,920
down €2,920 (-79.5%), from €3,674 to €754
- Depreciation +€1,094
up €1,094 (+94.6%), from €1,156 to €2,250
- Other operating charges -€603
down €603 (-43.2%), from €1,397 to €794
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 | €94,400 | €41,301 | -€53,099 | -56.2% |
| Fixed assets | 21/28 | €5,782 | €3,532 | -€2,250 | -38.9% |
| Tangible fixed assets | 22/27 | €5,782 | €3,532 | -€2,250 | -38.9% |
| Furniture and vehicles | 24 | €5,782 | €3,532 | -€2,250 | -38.9% |
| Current assets | 29/58 | €88,618 | €37,769 | -€50,849 | -57.4% |
| Amounts receivable within one year | 40/41 | €3,866 | €14,243 | +€10,377 | +268.4% |
| Trade receivables | 40 | - | €11,082 | +€11,082 | |
| Other amounts receivable | 41 | €3,866 | €3,161 | -€705 | -18.2% |
| Cash at bank and in hand | 54/58 | €84,752 | €23,526 | -€61,226 | -72.2% |
| Total equity and liabilities | 10/49 | €94,400 | €41,301 | -€53,099 | -56.2% |
| Equity | 10/15 | €3,000 | €30,760 | +€27,760 | +925.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €27,760 | +€27,760 | |
| Distributable reserves | 133 | - | €27,760 | +€27,760 | |
| Amounts payable | 17/49 | €91,400 | €10,541 | -€80,859 | -88.5% |
| Amounts payable within one year | 42/48 | €91,400 | €10,541 | -€80,859 | -88.5% |
| Trade debts | 44 | €3,674 | €754 | -€2,920 | -79.5% |
| Suppliers | 440/4 | €3,674 | €754 | -€2,920 | -79.5% |
| Taxes, remuneration and social security | 45 | €23,000 | €7,002 | -€15,998 | -69.6% |
| Taxes | 450/3 | €21,649 | €5,905 | -€15,744 | -72.7% |
| Remuneration and social security | 454/9 | €1,351 | €1,097 | -€254 | -18.8% |
| Other amounts payable | 47/48 | €64,726 | €2,785 | -€61,941 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €2,250 | +€1,094 | +94.6% |
| Other operating charges | 640/8 | €1,397 | €794 | -€603 | -43.2% |
| Gross operating margin | 9900 | €43,421 | €43,813 | +€392 | +0.9% |
| Operating profit (loss) | 9901 | €40,868 | €40,769 | -€99 | -0.2% |
| Financial income | 75/76B | €1 | €4 | +€3 | +300.0% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +300.0% |
| Financial charges | 65/66B | €250 | €174 | -€76 | -30.4% |
| Recurring financial charges | 65 | €250 | €174 | -€76 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €40,619 | €40,599 | -€20 | 0.0% |
| Income taxes | 67/77 | €13,041 | €12,839 | -€202 | -1.5% |
| Profit (loss) for the period | 9904 | €27,578 | €27,760 | +€182 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,578 | €27,760 | +€182 | +0.7% |
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.