GRIZABEL: what changed
Two fiscal 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.
GRIZABEL
Largest movements
- Cash -€334,508
down €334,508 (-62.9%), from €531,945 to €197,437
mainly Receivables within one year (-€306,960) and Contributions, distributions and other (-€141,993)
- Receivables within one year +€306,960
up €306,960 (+50.7%), from €605,801 to €912,761
of which Trade receivables: +€306,948
- Trade debts -€60,978
down €60,978 (-10.2%), from €595,677 to €534,699
- Tax, wage and social debts +€34,449
up €34,449 (+71.1%), from €48,481 to €82,930
- Taxes +€4,109
up €4,109 (+8.5%), from €48,534 to €52,643
- Gross operating margin +€2,828
up €2,828 (+1.5%), from €193,036 to €195,864
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.
Cash bridge derived
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 | €1,139,408 | €1,110,222 | -€29,187 | -2.6% |
| Current assets | 29/58 | €1,139,408 | €1,110,222 | -€29,187 | -2.6% |
| Amounts receivable within one year | 40/41 | €605,801 | €912,761 | +€306,960 | +50.7% |
| Trade receivables | 40 | €594,334 | €901,282 | +€306,948 | +51.6% |
| Other amounts receivable | 41 | €11,467 | €11,479 | +€12 | +0.1% |
| Cash at bank and in hand | 54/58 | €531,945 | €197,437 | -€334,508 | -62.9% |
| Deferred charges and accrued income | 490/1 | €1,662 | €24 | -€1,638 | -98.5% |
| Total equity and liabilities | 10/49 | €1,139,408 | €1,110,222 | -€29,187 | -2.6% |
| Equity | 10/15 | €348,000 | €348,000 | = | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €98,000 | €98,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €791,408 | €762,222 | -€29,187 | -3.7% |
| Amounts payable within one year | 42/48 | €787,808 | €759,622 | -€28,187 | -3.6% |
| Trade debts | 44 | €595,677 | €534,699 | -€60,978 | -10.2% |
| Suppliers | 440/4 | €595,677 | €534,699 | -€60,978 | -10.2% |
| Taxes, remuneration and social security | 45 | €48,481 | €82,930 | +€34,449 | +71.1% |
| Taxes | 450/3 | €48,481 | €82,930 | +€34,449 | +71.1% |
| Other amounts payable | 47/48 | €143,650 | €141,993 | -€1,657 | -1.2% |
| Accrued charges and deferred income | 492/3 | €3,600 | €2,600 | -€1,000 | -27.8% |
| Non-recurring operating income | 76A | €2,630 | €0 | -€2,630 | -100.0% |
| Other operating charges | 640/8 | €118 | €308 | +€190 | +160.8% |
| Gross operating margin | 9900 | €193,036 | €195,864 | +€2,828 | +1.5% |
| Operating profit (loss) | 9901 | €192,918 | €195,556 | +€2,638 | +1.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.3% |
| Financial charges | 65/66B | €906 | €921 | +€15 | +1.7% |
| Recurring financial charges | 65 | €906 | €921 | +€15 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €192,012 | €194,636 | +€2,623 | +1.4% |
| Income taxes | 67/77 | €48,534 | €52,643 | +€4,109 | +8.5% |
| Profit (loss) for the period | 9904 | €143,478 | €141,993 | -€1,485 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,478 | €141,993 | -€1,485 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.