Grizzly bv: 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.
Grizzly bv
Largest movements
- Receivables within one year -€69,068
down €69,068 (-19.3%), from €358,370 to €289,301
of which Trade receivables: -€89,912
- Cash -€57,479
down €57,479 (-41.2%), from €139,496 to €82,017
mainly Other debts (-€79,463) and Net result for the year (-€22,123)
- Stocks and contracts +€9,763
new in 2025: €9,763
- Tangible fixed assets +€9,120
new in 2025: €9,120
of which Furniture and vehicles: +€7,695
- Other debts -€79,463
down €79,463 (-23.4%), from €339,033 to €259,570
- Profit (loss) carried forward -€22,123
down €22,123 (-34.5%), from €64,148 to €42,025
- Gross operating margin -€249,039
down €249,039, from €242,391 to -€6,647
- Other operating charges -€24,038
down €24,038 (-98.9%), from €24,307 to €269
- Taxes +€8,086
new in 2025: €8,086
- Financial charges -€4,190
down €4,190 (-41.3%), from €10,158 to €5,967
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 | €497,866 | €390,202 | -€107,664 | -21.6% |
| Fixed assets | 21/28 | - | €9,120 | +€9,120 | |
| Tangible fixed assets | 22/27 | - | €9,120 | +€9,120 | |
| Plant, machinery and equipment | 23 | - | €1,426 | +€1,426 | |
| Furniture and vehicles | 24 | - | €7,695 | +€7,695 | |
| Current assets | 29/58 | €497,866 | €381,081 | -€116,784 | -23.5% |
| Stocks and contracts in progress | 3 | - | €9,763 | +€9,763 | |
| Stocks | 30/36 | - | €9,763 | +€9,763 | |
| Amounts receivable within one year | 40/41 | €358,370 | €289,301 | -€69,068 | -19.3% |
| Trade receivables | 40 | €133,522 | €43,610 | -€89,912 | -67.3% |
| Other amounts receivable | 41 | €224,848 | €245,692 | +€20,843 | +9.3% |
| Cash at bank and in hand | 54/58 | €139,496 | €82,017 | -€57,479 | -41.2% |
| Total equity and liabilities | 10/49 | €497,866 | €390,202 | -€107,664 | -21.6% |
| Equity | 10/15 | €137,205 | €115,081 | -€22,123 | -16.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €66,859 | €66,859 | = | 0.0% |
| Distributable reserves | 133 | €66,859 | €66,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,148 | €42,025 | -€22,123 | -34.5% |
| Amounts payable | 17/49 | €360,661 | €275,120 | -€85,541 | -23.7% |
| Amounts payable within one year | 42/48 | €360,661 | €275,120 | -€85,541 | -23.7% |
| Trade debts | 44 | €5,035 | €2,464 | -€2,571 | -51.1% |
| Suppliers | 440/4 | €5,035 | €2,464 | -€2,571 | -51.1% |
| Taxes, remuneration and social security | 45 | €16,593 | €13,086 | -€3,507 | -21.1% |
| Taxes | 450/3 | €16,593 | €13,086 | -€3,507 | -21.1% |
| Other amounts payable | 47/48 | €339,033 | €259,570 | -€79,463 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,164 | +€1,164 | |
| Other operating charges | 640/8 | €24,307 | €269 | -€24,038 | -98.9% |
| Gross operating margin | 9900 | €242,391 | -€6,647 | -€249,039 | |
| Operating profit (loss) | 9901 | €218,084 | -€8,080 | -€226,164 | |
| Financial income | 75/76B | €200 | €10 | -€190 | -95.0% |
| Recurring financial income | 75 | €200 | €10 | -€190 | -95.0% |
| Financial charges | 65/66B | €10,158 | €5,967 | -€4,190 | -41.3% |
| Recurring financial charges | 65 | €10,158 | €5,967 | -€4,190 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €208,127 | -€14,037 | -€222,164 | |
| Income taxes | 67/77 | - | €8,086 | +€8,086 | |
| Profit (loss) for the period | 9904 | €208,127 | -€22,123 | -€230,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €208,127 | -€22,123 | -€230,250 |
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 28 October 2026 via checked.be.