Grisli: 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.
Grisli
Largest movements
- Cash +€74,538
up €74,538 (+594%), from €12,538 to €87,076
mainly Net result for the year (+€85,585) and Current investments (+€67,127)
- Current investments -€67,127
no longer reported in 2026 (was €67,127)
- Tangible fixed assets -€36,451
down €36,451 (-3.7%), from €973,651 to €937,200
- Receivables within one year +€16,940
new in 2026: €16,940
- Debts after one year -€95,667
down €95,667 (-19.7%), from €484,889 to €389,222
- Profit (loss) carried forward +€85,585
up €85,585 (+33.7%), from €254,149 to €339,734
- Other operating charges +€3,789
up €3,789 (+142%), from €2,673 to €6,462
- Depreciation +€3,774
up €3,774 (+11.5%), from €32,677 to €36,451
- Taxes -€3,046
down €3,046 (-8.8%), from €34,487 to €31,441
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,053,316 | €1,041,216 | -€12,100 | -1.1% |
| Fixed assets | 21/28 | €973,651 | €937,200 | -€36,451 | -3.7% |
| Tangible fixed assets | 22/27 | €973,651 | €937,200 | -€36,451 | -3.7% |
| Land and buildings | 22 | €973,651 | €937,200 | -€36,451 | -3.7% |
| Current assets | 29/58 | €79,665 | €104,016 | +€24,351 | +30.6% |
| Amounts receivable within one year | 40/41 | - | €16,940 | +€16,940 | |
| Trade receivables | 40 | - | €16,940 | +€16,940 | |
| Current investments | 50/53 | €67,127 | - | -€67,127 | |
| Cash at bank and in hand | 54/58 | €12,538 | €87,076 | +€74,538 | +594% |
| Total equity and liabilities | 10/49 | €1,053,316 | €1,041,216 | -€12,100 | -1.1% |
| Equity | 10/15 | €454,149 | €539,734 | +€85,585 | +18.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,149 | €339,734 | +€85,585 | +33.7% |
| Amounts payable | 17/49 | €599,167 | €501,482 | -€97,685 | -16.3% |
| Amounts payable after more than one year | 17 | €484,889 | €389,222 | -€95,667 | -19.7% |
| Financial debts | 170/4 | €484,889 | €389,222 | -€95,667 | -19.7% |
| Amounts payable within one year | 42/48 | €112,778 | €110,760 | -€2,018 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €70,667 | €70,667 | = | 0.0% |
| Trade debts | 44 | €242 | €279 | +€37 | +15.3% |
| Suppliers | 440/4 | €242 | €279 | +€37 | +15.3% |
| Taxes, remuneration and social security | 45 | €41,869 | €39,814 | -€2,055 | -4.9% |
| Taxes | 450/3 | €41,869 | €39,814 | -€2,055 | -4.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,677 | €36,451 | +€3,774 | +11.5% |
| Other operating charges | 640/8 | €2,673 | €6,462 | +€3,789 | +142% |
| Gross operating margin | 9900 | €164,823 | €165,042 | +€219 | +0.1% |
| Operating profit (loss) | 9901 | €129,473 | €122,129 | -€7,344 | -5.7% |
| Financial income | 75/76B | €1,925 | €1,034 | -€891 | -46.3% |
| Recurring financial income | 75 | €1,925 | €1,034 | -€891 | -46.3% |
| Financial charges | 65/66B | €7,301 | €6,137 | -€1,164 | -15.9% |
| Recurring financial charges | 65 | €7,301 | €6,137 | -€1,164 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €124,097 | €117,026 | -€7,071 | -5.7% |
| Income taxes | 67/77 | €34,487 | €31,441 | -€3,046 | -8.8% |
| Profit (loss) for the period | 9904 | €89,610 | €85,585 | -€4,025 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,610 | €85,585 | -€4,025 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.