GROSJEAN: 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.
GROSJEAN
Largest movements
- Cash +€29,399
up €29,399 (+39.7%), from €74,135 to €103,534
mainly Net result for the year (+€116,399) and Receivables within one year (+€18,363)
- Receivables within one year -€18,363
down €18,363 (-3.5%), from €526,390 to €508,027
of which Other amounts receivable: -€16,863
- Reserves +€12,899
up €12,899 (+2.6%), from €501,614 to €514,513
of which Distributable reserves: +€12,899
- Trade debts -€8,747
down €8,747 (-73.0%), from €11,983 to €3,237
- Gross operating margin +€16,350
up €16,350 (+9.7%), from €168,289 to €184,639
- Taxes +€6,057
up €6,057 (+10.6%), from €57,182 to €63,240
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 | €630,941 | €633,561 | +€2,621 | +0.4% |
| Fixed assets | 21/28 | €11,472 | €8,576 | -€2,896 | -25.2% |
| Tangible fixed assets | 22/27 | €11,472 | €8,576 | -€2,896 | -25.2% |
| Furniture and vehicles | 24 | €1,074 | €206 | -€869 | -80.8% |
| Other tangible fixed assets | 26 | €10,398 | €8,370 | -€2,028 | -19.5% |
| Current assets | 29/58 | €619,468 | €624,985 | +€5,517 | +0.9% |
| Amounts receivable within one year | 40/41 | €526,390 | €508,027 | -€18,363 | -3.5% |
| Trade receivables | 40 | €16,794 | €15,294 | -€1,500 | -8.9% |
| Other amounts receivable | 41 | €509,596 | €492,733 | -€16,863 | -3.3% |
| Cash at bank and in hand | 54/58 | €74,135 | €103,534 | +€29,399 | +39.7% |
| Deferred charges and accrued income | 490/1 | €18,943 | €13,424 | -€5,519 | -29.1% |
| Total equity and liabilities | 10/49 | €630,941 | €633,561 | +€2,621 | +0.4% |
| Equity | 10/15 | €538,314 | €551,212 | +€12,899 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €501,614 | €514,513 | +€12,899 | +2.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €501,614 | €514,513 | +€12,899 | +2.6% |
| Profit (loss) carried forward | 14 | €30,499 | €30,499 | = | 0.0% |
| Amounts payable | 17/49 | €92,627 | €82,349 | -€10,278 | -11.1% |
| Amounts payable within one year | 42/48 | €92,627 | €82,349 | -€10,278 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €12,859 | €12,783 | -€77 | -0.6% |
| Trade debts | 44 | €11,983 | €3,237 | -€8,747 | -73.0% |
| Suppliers | 440/4 | €11,983 | €3,237 | -€8,747 | -73.0% |
| Taxes, remuneration and social security | 45 | €67,784 | €66,330 | -€1,454 | -2.1% |
| Taxes | 450/3 | €67,784 | €66,330 | -€1,454 | -2.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,110 | €2,896 | -€213 | -6.9% |
| Other operating charges | 640/8 | €1,172 | €822 | -€350 | -29.8% |
| Gross operating margin | 9900 | €168,289 | €184,639 | +€16,350 | +9.7% |
| Operating profit (loss) | 9901 | €164,007 | €180,920 | +€16,913 | +10.3% |
| Financial charges | 65/66B | €1,301 | €1,282 | -€19 | -1.4% |
| Recurring financial charges | 65 | €1,301 | €1,282 | -€19 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €162,707 | €179,638 | +€16,932 | +10.4% |
| Income taxes | 67/77 | €57,182 | €63,240 | +€6,057 | +10.6% |
| Profit (loss) for the period | 9904 | €105,524 | €116,399 | +€10,874 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,524 | €116,399 | +€10,874 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.