Grisard Engineering & Others: 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.
Grisard Engineering & Others
Largest movements
- Cash +€40,998
up €40,998 (+934%), from €4,389 to €45,388
mainly Net result for the year (+€27,733) and Receivables within one year (+€24,445)
- Receivables within one year -€24,445
down €24,445 (-47.5%), from €51,494 to €27,049
of which Trade receivables: -€25,486
- Tangible fixed assets -€767
down €767 (-41.1%), from €1,867 to €1,099
- Profit (loss) carried forward +€27,733
up €27,733 (+80.1%), from €34,601 to €62,334
- Tax, wage and social debts -€11,501
down €11,501 (-56.3%), from €20,435 to €8,934
- Gross operating margin -€6,697
down €6,697 (-15.5%), from €43,341 to €36,645
- Taxes -€1,166
down €1,166 (-13.2%), from €8,832 to €7,666
- Other operating charges +€862
new in 2025: €862
- Depreciation +€667
up €667 (+668%), from €100 to €767
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 | €57,750 | €73,536 | +€15,787 | +27.3% |
| Fixed assets | 21/28 | €1,867 | €1,099 | -€767 | -41.1% |
| Tangible fixed assets | 22/27 | €1,867 | €1,099 | -€767 | -41.1% |
| Furniture and vehicles | 24 | €1,867 | €1,099 | -€767 | -41.1% |
| Current assets | 29/58 | €55,883 | €72,437 | +€16,554 | +29.6% |
| Amounts receivable within one year | 40/41 | €51,494 | €27,049 | -€24,445 | -47.5% |
| Trade receivables | 40 | €44,673 | €19,187 | -€25,486 | -57.1% |
| Other amounts receivable | 41 | €6,821 | €7,862 | +€1,042 | +15.3% |
| Cash at bank and in hand | 54/58 | €4,389 | €45,388 | +€40,998 | +934% |
| Total equity and liabilities | 10/49 | €57,750 | €73,536 | +€15,787 | +27.3% |
| Equity | 10/15 | €36,601 | €64,334 | +€27,733 | +75.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,601 | €62,334 | +€27,733 | +80.1% |
| Amounts payable | 17/49 | €21,148 | €9,202 | -€11,946 | -56.5% |
| Amounts payable within one year | 42/48 | €21,148 | €9,202 | -€11,946 | -56.5% |
| Trade debts | 44 | €713 | €268 | -€445 | -62.4% |
| Suppliers | 440/4 | €713 | €268 | -€445 | -62.4% |
| Taxes, remuneration and social security | 45 | €20,435 | €8,934 | -€11,501 | -56.3% |
| Taxes | 450/3 | €20,435 | €8,934 | -€11,501 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €767 | +€667 | +668% |
| Other operating charges | 640/8 | - | €862 | +€862 | |
| Gross operating margin | 9900 | €43,341 | €36,645 | -€6,697 | -15.5% |
| Operating profit (loss) | 9901 | €43,241 | €35,015 | -€8,226 | -19.0% |
| Financial income | 75/76B | €199 | €428 | +€229 | +115% |
| Recurring financial income | 75 | €199 | €428 | +€229 | +115% |
| Financial charges | 65/66B | €8 | €45 | +€38 | +501% |
| Recurring financial charges | 65 | €8 | €45 | +€38 | +501% |
| Profit (loss) for the period before taxes | 9903 | €43,433 | €35,399 | -€8,034 | -18.5% |
| Income taxes | 67/77 | €8,832 | €7,666 | -€1,166 | -13.2% |
| Profit (loss) for the period | 9904 | €34,601 | €27,733 | -€6,869 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,601 | €27,733 | -€6,869 | -19.9% |
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 23 October 2026 via checked.be.