GRISTON: 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.
GRISTON
Largest movements
- Cash +€304,401
up €304,401 (+96.6%), from €315,159 to €619,560
mainly Net result for the year (+€544,331) and Tax, wage and social debts (+€20,183)
- Receivables after one year +€180,000
up €180,000 (+21.4%), from €840,000 to €1.0m
- Current investments +€68,543
up €68,543 (+3.3%), from €2.1m to €2.2m
- Reserves +€544,331
up €544,331 (+13.1%), from €4.1m to €4.7m
of which Distributable reserves: +€544,331
- Financial income +€314,433
up €314,433 (+108%), from €292,111 to €606,544
- Gross operating margin +€53,768
up €53,768 (+90.2%), from €59,614 to €113,382
- Taxes +€49,016
up €49,016 (+221%), from €22,154 to €71,170
- Financial charges +€44,703
up €44,703 (+110%), from €40,702 to €85,405
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 | €4,176,482 | €4,743,744 | +€567,262 | +13.6% |
| Fixed assets | 21/28 | €832,395 | €816,509 | -€15,886 | -1.9% |
| Tangible fixed assets | 22/27 | €41,979 | €26,094 | -€15,886 | -37.8% |
| Land and buildings | 22 | €0 | €0 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,738 | €1,506 | -€232 | -13.3% |
| Furniture and vehicles | 24 | €40,241 | €24,588 | -€15,654 | -38.9% |
| Financial fixed assets | 28 | €790,416 | €790,416 | = | 0.0% |
| Current assets | 29/58 | €3,344,088 | €3,927,235 | +€583,147 | +17.4% |
| Amounts receivable after more than one year | 29 | €840,000 | €1,020,000 | +€180,000 | +21.4% |
| Trade receivables | 290 | €840,000 | €1,020,000 | +€180,000 | +21.4% |
| Amounts receivable within one year | 40/41 | €68,741 | €86,743 | +€18,002 | +26.2% |
| Other amounts receivable | 41 | €68,741 | €86,743 | +€18,002 | +26.2% |
| Current investments | 50/53 | €2,088,660 | €2,157,203 | +€68,543 | +3.3% |
| Cash at bank and in hand | 54/58 | €315,159 | €619,560 | +€304,401 | +96.6% |
| Deferred charges and accrued income | 490/1 | €31,528 | €43,729 | +€12,201 | +38.7% |
| Total equity and liabilities | 10/49 | €4,176,482 | €4,743,744 | +€567,262 | +13.6% |
| Equity | 10/15 | €4,159,153 | €4,703,484 | +€544,331 | +13.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,140,561 | €4,684,892 | +€544,331 | +13.1% |
| Tax-exempt reserves | 132 | €64,471 | €64,471 | = | 0.0% |
| Distributable reserves | 133 | €4,076,090 | €4,620,421 | +€544,331 | +13.4% |
| Amounts payable | 17/49 | €17,330 | €40,261 | +€22,931 | +132% |
| Amounts payable within one year | 42/48 | €17,287 | €40,229 | +€22,941 | +133% |
| Trade debts | 44 | €533 | €120 | -€414 | -77.6% |
| Suppliers | 440/4 | €533 | €120 | -€414 | -77.6% |
| Taxes, remuneration and social security | 45 | €7,695 | €27,877 | +€20,183 | +262% |
| Taxes | 450/3 | €7,695 | €27,877 | +€20,183 | +262% |
| Other amounts payable | 47/48 | €9,059 | €12,232 | +€3,173 | +35.0% |
| Accrued charges and deferred income | 492/3 | €42 | €32 | -€11 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,055 | €15,886 | -€169 | -1.1% |
| Other operating charges | 640/8 | €3,900 | €3,134 | -€765 | -19.6% |
| Gross operating margin | 9900 | €59,614 | €113,382 | +€53,768 | +90.2% |
| Operating profit (loss) | 9901 | €39,660 | €94,362 | +€54,702 | +138% |
| Financial income | 75/76B | €292,111 | €606,544 | +€314,433 | +108% |
| Recurring financial income | 75 | €292,111 | €606,544 | +€314,433 | +108% |
| Financial charges | 65/66B | €40,702 | €85,405 | +€44,703 | +110% |
| Recurring financial charges | 65 | €40,702 | €85,405 | +€44,703 | +110% |
| Profit (loss) for the period before taxes | 9903 | €291,068 | €615,501 | +€324,432 | +111% |
| Income taxes | 67/77 | €22,154 | €71,170 | +€49,016 | +221% |
| Profit (loss) for the period | 9904 | €268,914 | €544,331 | +€275,416 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €268,914 | €544,331 | +€275,416 | +102% |
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 18 October 2026 via checked.be.