GRIVEDIS: 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.
What changed
GRIVEDIS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15,798
2024 · -€12,901-€2,897
Equity
€489,431
2024 · €505,229-€15,798
Cash
€10,017
2024 · €14,715-€4,698
Balance sheet total
€2.0m
2024 · €2.1m-€113,493
Largest movements
Assets
- Tangible fixed assets -€57,766
down €57,766 (-3.2%), from €1.8m to €1.7m
- Receivables after one year -€48,701
down €48,701 (-21.8%), from €223,896 to €175,195
Equity and liabilities
- Debts after one year -€87,435
down €87,435 (-9.2%), from €946,936 to €859,501
Income statement
- Gross operating margin -€2,113
down €2,113 (-3.4%), from €61,837 to €59,724
- Financial income -€1,462
down €1,462 (-14.1%), from €10,377 to €8,914
- Financial charges -€1,309
down €1,309 (-6.9%), from €19,078 to €17,768
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.
Result 2024
-€12,901
Gross operating margin
-€2,113
Depreciation
-€282
Other operating charges
-€349
Financial income
-€1,462
Financial charges
+€1,309
Result 2025
-€15,798
raises the resultlowers the result
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.
From operations
+€85,358
Investment
-€4,000
Financing
-€86,057
Cash 2024
€14,715
From operations (derived)
+€85,358
Net result for the year
-€15,798
Depreciation
+€61,766
Receivables after one year
+€48,701
Receivables within one year
+€2,327
Provisions
-€6,192
Trade debts
-€580
Other debts
-€4,870
Accrued charges and deferred income
+€4
Investment (derived)
-€4,000
Investment in fixed assets (net)
-€4,000
Financing
-€86,057
Debts after one year
-€87,435
Current portion of long-term debt
+€1,378
Cash 2025
€10,017
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,096,139 | €1,982,646 | -€113,493 | -5.4% |
| Fixed assets | 21/28 | €1,806,415 | €1,748,649 | -€57,766 | -3.2% |
| Tangible fixed assets | 22/27 | €1,804,711 | €1,746,945 | -€57,766 | -3.2% |
| Land and buildings | 22 | €1,804,711 | €1,746,945 | -€57,766 | -3.2% |
| Financial fixed assets | 28 | €1,704 | €1,704 | = | 0.0% |
| Current assets | 29/58 | €289,724 | €233,997 | -€55,727 | -19.2% |
| Amounts receivable after more than one year | 29 | €223,896 | €175,195 | -€48,701 | -21.8% |
| Trade receivables | 290 | €223,896 | €175,195 | -€48,701 | -21.8% |
| Amounts receivable within one year | 40/41 | €51,112 | €48,785 | -€2,327 | -4.6% |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 41 | €47,112 | €48,785 | +€1,673 | +3.6% |
| Cash at bank and in hand | 54/58 | €14,715 | €10,017 | -€4,698 | -31.9% |
| Total equity and liabilities | 10/49 | €2,096,139 | €1,982,646 | -€113,493 | -5.4% |
| Equity | 10/15 | €505,229 | €489,431 | -€15,798 | -3.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €519,646 | €507,620 | -€12,026 | -2.3% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €296,172 | €284,146 | -€12,026 | -4.1% |
| Distributable reserves | 133 | €210,975 | €210,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,417 | -€143,189 | -€3,772 | -2.7% |
| Provisions and deferred taxes | 16 | €152,505 | €146,313 | -€6,192 | -4.1% |
| Deferred taxes | 168 | €152,505 | €146,313 | -€6,192 | -4.1% |
| Amounts payable | 17/49 | €1,438,405 | €1,346,902 | -€91,502 | -6.4% |
| Amounts payable after more than one year | 17 | €946,936 | €859,501 | -€87,435 | -9.2% |
| Financial debts | 170/4 | €946,936 | €859,501 | -€87,435 | -9.2% |
| Amounts payable within one year | 42/48 | €490,578 | €486,506 | -€4,072 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €86,057 | €87,435 | +€1,378 | +1.6% |
| Trade debts | 44 | €633 | €54 | -€580 | -91.5% |
| Suppliers | 440/4 | €633 | €54 | -€580 | -91.5% |
| Other amounts payable | 47/48 | €403,887 | €399,017 | -€4,870 | -1.2% |
| Accrued charges and deferred income | 492/3 | €891 | €896 | +€4 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,484 | €61,766 | +€282 | +0.5% |
| Other operating charges | 640/8 | €10,746 | €11,095 | +€349 | +3.2% |
| Gross operating margin | 9900 | €61,837 | €59,724 | -€2,113 | -3.4% |
| Operating profit (loss) | 9901 | -€10,393 | -€13,136 | -€2,744 | -26.4% |
| Financial income | 75/76B | €10,377 | €8,914 | -€1,462 | -14.1% |
| Recurring financial income | 75 | €10,377 | €8,914 | -€1,462 | -14.1% |
| Financial charges | 65/66B | €19,078 | €17,768 | -€1,309 | -6.9% |
| Recurring financial charges | 65 | €19,078 | €17,768 | -€1,309 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,094 | -€21,991 | -€2,897 | -15.2% |
| Transfer from deferred taxes | 780 | €6,192 | €6,192 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€12,901 | -€15,798 | -€2,897 | -22.5% |
| Transfer from tax-exempt reserves | 789 | €12,026 | €12,026 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€875 | -€3,772 | -€2,897 | -331% |
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 14 October 2026 via checked.be.