GRMBL: 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.
GRMBL
Largest movements
- Receivables within one year -€10,725
down €10,725 (-10.1%), from €106,396 to €95,671
of which Other amounts receivable: -€29,073
- Cash -€9,906
down €9,906 (-23.4%), from €42,398 to €32,492
mainly Trade debts (-€41,328)
- Trade debts -€41,328
down €41,328 (-34.0%), from €121,657 to €80,329
- Advances received +€19,200
new in 2025: €19,200
- Reserves +€1,497
up €1,497 (+11.1%), from €13,502 to €15,000
- Gross operating margin -€1,709
down €1,709 (-39.8%), from €4,293 to €2,583
- Other operating charges +€86
up €86 (+9.6%), from €895 to €982
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 | €148,793 | €128,163 | -€20,631 | -13.9% |
| Current assets | 29/58 | €148,793 | €128,163 | -€20,631 | -13.9% |
| Amounts receivable within one year | 40/41 | €106,396 | €95,671 | -€10,725 | -10.1% |
| Trade receivables | 40 | €3,546 | €21,894 | +€18,348 | +517.4% |
| Other amounts receivable | 41 | €102,849 | €73,777 | -€29,073 | -28.3% |
| Cash at bank and in hand | 54/58 | €42,398 | €32,492 | -€9,906 | -23.4% |
| Total equity and liabilities | 10/49 | €148,793 | €128,163 | -€20,631 | -13.9% |
| Equity | 10/15 | €27,137 | €28,634 | +€1,497 | +5.5% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Reserves | 13 | €13,502 | €15,000 | +€1,497 | +11.1% |
| Distributable reserves | 133 | €13,502 | €15,000 | +€1,497 | +11.1% |
| Amounts payable | 17/49 | €121,657 | €99,529 | -€22,128 | -18.2% |
| Amounts payable within one year | 42/48 | €121,657 | €99,529 | -€22,128 | -18.2% |
| Trade debts | 44 | €121,657 | €80,329 | -€41,328 | -34.0% |
| Suppliers | 440/4 | €121,657 | €80,329 | -€41,328 | -34.0% |
| Advances received on contracts in progress | 46 | - | €19,200 | +€19,200 | |
| Other operating charges | 640/8 | €895 | €982 | +€86 | +9.6% |
| Gross operating margin | 9900 | €4,293 | €2,583 | -€1,709 | -39.8% |
| Operating profit (loss) | 9901 | €3,398 | €1,602 | -€1,796 | -52.9% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,293 | €1,497 | -€1,796 | -54.5% |
| Profit (loss) for the period | 9904 | €3,293 | €1,497 | -€1,796 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,293 | €1,497 | -€1,796 | -54.5% |
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 8 October 2026 via checked.be.