GRUMBERS PHILIPPE: 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.
GRUMBERS PHILIPPE
Largest movements
- Receivables within one year -€2,844
down €2,844 (-12.6%), from €22,619 to €19,776
of which Other amounts receivable: -€2,844
- Tangible fixed assets -€2,804
down €2,804 (-21.8%), from €12,877 to €10,073
of which Leasing and similar rights: -€2,551
- Deferred charges and accrued income +€1,581
up €1,581 (+38.7%), from €4,086 to €5,667
- Reserves +€6,871
up €6,871 (+7.2%), from €95,793 to €102,664
- Other debts -€6,159
down €6,159 (-61.2%), from €10,059 to €3,900
- Debts after one year -€2,580
down €2,580 (-28.5%), from €9,061 to €6,481
of which Financial debts: -€2,751
- Tax, wage and social debts -€1,769
down €1,769 (-33.9%), from €5,226 to €3,457
- Gross operating margin -€1,747
down €1,747 (-4.7%), from €36,911 to €35,164
- Depreciation +€543
up €543 (+14.2%), from €3,831 to €4,374
- Taxes +€515
up €515 (+6.0%), from €8,539 to €9,054
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 | €143,392 | €138,178 | -€5,214 | -3.6% |
| Fixed assets | 21/28 | €12,877 | €10,073 | -€2,804 | -21.8% |
| Tangible fixed assets | 22/27 | €12,877 | €10,073 | -€2,804 | -21.8% |
| Furniture and vehicles | 24 | €2,249 | €1,996 | -€253 | -11.3% |
| Leasing and similar rights | 25 | €10,627 | €8,077 | -€2,551 | -24.0% |
| Current assets | 29/58 | €130,516 | €128,105 | -€2,411 | -1.8% |
| Amounts receivable within one year | 40/41 | €22,619 | €19,776 | -€2,844 | -12.6% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €4,469 | €1,626 | -€2,844 | -63.6% |
| Cash at bank and in hand | 54/58 | €103,810 | €102,662 | -€1,148 | -1.1% |
| Deferred charges and accrued income | 490/1 | €4,086 | €5,667 | +€1,581 | +38.7% |
| Total equity and liabilities | 10/49 | €143,392 | €138,178 | -€5,214 | -3.6% |
| Equity | 10/15 | €114,393 | €121,264 | +€6,871 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,793 | €102,664 | +€6,871 | +7.2% |
| Distributable reserves | 133 | €95,793 | €102,664 | +€6,871 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,999 | €16,914 | -€12,085 | -41.7% |
| Amounts payable after more than one year | 17 | €9,061 | €6,481 | -€2,580 | -28.5% |
| Financial debts | 170/4 | €9,061 | €6,310 | -€2,751 | -30.4% |
| Other amounts payable | 178/9 | - | €172 | +€172 | |
| Amounts payable within one year | 42/48 | €19,938 | €10,433 | -€9,505 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €3,845 | €2,751 | -€1,094 | -28.4% |
| Trade debts | 44 | €808 | €325 | -€483 | -59.8% |
| Suppliers | 440/4 | €808 | €325 | -€483 | -59.8% |
| Taxes, remuneration and social security | 45 | €5,226 | €3,457 | -€1,769 | -33.9% |
| Taxes | 450/3 | €5,226 | €3,457 | -€1,769 | -33.9% |
| Other amounts payable | 47/48 | €10,059 | €3,900 | -€6,159 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,831 | €4,374 | +€543 | +14.2% |
| Other operating charges | 640/8 | €887 | €575 | -€312 | -35.2% |
| Gross operating margin | 9900 | €36,911 | €35,164 | -€1,747 | -4.7% |
| Operating profit (loss) | 9901 | €32,192 | €30,215 | -€1,978 | -6.1% |
| Financial charges | 65/66B | €1,268 | €1,290 | +€22 | +1.7% |
| Recurring financial charges | 65 | €1,268 | €1,290 | +€22 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €30,924 | €28,925 | -€1,999 | -6.5% |
| Income taxes | 67/77 | €8,539 | €9,054 | +€515 | +6.0% |
| Profit (loss) for the period | 9904 | €22,385 | €19,871 | -€2,515 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,385 | €19,871 | -€2,515 | -11.2% |
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 11 October 2026 via checked.be.