Grisar & Co: 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.
Grisar & Co
Largest movements
- Receivables within one year -€17,056
down €17,056 (-26.1%), from €65,320 to €48,264
- Trade debts -€16,742
down €16,742 (-14.5%), from €115,530 to €98,787
- Other debts +€14,553
up €14,553 (+73.9%), from €19,684 to €34,237
- Debts after one year -€7,000
down €7,000 (-7.8%), from €90,000 to €83,000
- Current portion of long-term debt -€3,553
no longer reported in 2025 (was €3,553)
- Profit (loss) carried forward -€3,419
down €3,419 (-16.1%), from €21,198 to €17,779
- Gross operating margin +€8,580
up €8,580 (+247%), from €3,480 to €12,060
- Other operating charges -€2,709
down €2,709 (-50.4%), from €5,375 to €2,666
- Write-downs +€1,623
new in 2025: €1,623
- Financial charges -€808
down €808 (-7.2%), from €11,218 to €10,410
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 | €294,883 | €276,866 | -€18,017 | -6.1% |
| Fixed assets | 21/28 | €8,282 | €7,606 | -€676 | -8.2% |
| Tangible fixed assets | 22/27 | €4,108 | €3,432 | -€676 | -16.5% |
| Plant, machinery and equipment | 23 | €4,108 | €3,432 | -€676 | -16.5% |
| Financial fixed assets | 28 | €4,174 | €4,174 | = | 0.0% |
| Current assets | 29/58 | €286,601 | €269,260 | -€17,340 | -6.1% |
| Stocks and contracts in progress | 3 | €219,073 | €219,804 | +€731 | +0.3% |
| Stocks | 30/36 | €219,073 | €219,804 | +€731 | +0.3% |
| Amounts receivable within one year | 40/41 | €65,320 | €48,264 | -€17,056 | -26.1% |
| Trade receivables | 40 | €65,320 | €48,264 | -€17,056 | -26.1% |
| Cash at bank and in hand | 54/58 | €1,467 | €1,192 | -€274 | -18.7% |
| Deferred charges and accrued income | 490/1 | €741 | - | -€741 | |
| Total equity and liabilities | 10/49 | €294,883 | €276,866 | -€18,017 | -6.1% |
| Equity | 10/15 | €41,658 | €38,239 | -€3,419 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,198 | €17,779 | -€3,419 | -16.1% |
| Amounts payable | 17/49 | €253,225 | €238,627 | -€14,598 | -5.8% |
| Amounts payable after more than one year | 17 | €90,000 | €83,000 | -€7,000 | -7.8% |
| Financial debts | 170/4 | €90,000 | €83,000 | -€7,000 | -7.8% |
| Amounts payable within one year | 42/48 | €161,398 | €154,531 | -€6,867 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €3,553 | - | -€3,553 | |
| Trade debts | 44 | €115,530 | €98,787 | -€16,742 | -14.5% |
| Suppliers | 440/4 | €115,530 | €98,787 | -€16,742 | -14.5% |
| Taxes, remuneration and social security | 45 | €22,631 | €21,506 | -€1,125 | -5.0% |
| Taxes | 450/3 | €22,548 | €21,506 | -€1,042 | -4.6% |
| Remuneration and social security | 454/9 | €83 | - | -€83 | |
| Other amounts payable | 47/48 | €19,684 | €34,237 | +€14,553 | +73.9% |
| Accrued charges and deferred income | 492/3 | €1,827 | €1,096 | -€731 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €676 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,623 | +€1,623 | |
| Other operating charges | 640/8 | €5,375 | €2,666 | -€2,709 | -50.4% |
| Gross operating margin | 9900 | €3,480 | €12,060 | +€8,580 | +247% |
| Operating profit (loss) | 9901 | -€2,572 | €7,094 | +€9,666 | |
| Financial income | 75/76B | €4 | €52 | +€48 | +1,078% |
| Recurring financial income | 75 | €4 | €52 | +€48 | +1,078% |
| Financial charges | 65/66B | €11,218 | €10,410 | -€808 | -7.2% |
| Recurring financial charges | 65 | €11,218 | €10,410 | -€808 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,785 | -€3,263 | +€10,522 | +76.3% |
| Income taxes | 67/77 | €148 | €156 | +€8 | +5.1% |
| Profit (loss) for the period | 9904 | -€13,934 | -€3,419 | +€10,515 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,934 | -€3,419 | +€10,515 | +75.5% |
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 17 October 2026 via checked.be.