GRUME STUDIO: 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.
GRUME STUDIO
Largest movements
- Receivables within one year +€41,546
up €41,546 (+586.9%), from €7,079 to €48,624
of which Trade receivables: +€30,503
- Cash +€7,094
up €7,094 (+27.2%), from €26,095 to €33,189
mainly Net result for the year (+€30,065) and Debts after one year (+€18,894)
- Stocks and contracts +€6,770
up €6,770 (+45.5%), from €14,873 to €21,643
- Tangible fixed assets -€3,652
down €3,652 (-16.7%), from €21,847 to €18,195
of which Furniture and vehicles: -€3,168
- Profit (loss) carried forward +€30,065
up €30,065 (+413.1%), from €7,277 to €37,342
- Debts after one year +€18,894
up €18,894 (+409.0%), from €4,619 to €23,513
- Reserves -€8,000
down €8,000 (-100.0%), from €8,000 to €0
- Tax, wage and social debts +€6,714
up €6,714 (+26.8%), from €25,026 to €31,740
of which Taxes: +€11,588
- Trade debts +€3,887
up €3,887 (+72.2%), from €5,380 to €9,268
- Gross operating margin +€25,572
up €25,572 (+22.5%), from €113,618 to €139,190
- Staff costs +€23,208
up €23,208 (+36.0%), from €64,532 to €87,741
- Taxes +€3,788
up €3,788 (+44.3%), from €8,553 to €12,341
- Financial charges +€1,738
up €1,738 (+217.3%), from €800 to €2,537
- Other operating charges -€1,487
down €1,487 (-59.3%), from €2,505 to €1,018
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 | €71,004 | €123,004 | +€52,000 | +73.2% |
| Fixed assets | 21/28 | €22,022 | €18,370 | -€3,652 | -16.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €21,847 | €18,195 | -€3,652 | -16.7% |
| Plant, machinery and equipment | 23 | €1,867 | €1,382 | -€485 | -26.0% |
| Furniture and vehicles | 24 | €19,980 | €16,812 | -€3,168 | -15.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €48,982 | €104,634 | +€55,652 | +113.6% |
| Stocks and contracts in progress | 3 | €14,873 | €21,643 | +€6,770 | +45.5% |
| Stocks | 30/36 | €14,873 | €21,643 | +€6,770 | +45.5% |
| Amounts receivable within one year | 40/41 | €7,079 | €48,624 | +€41,546 | +586.9% |
| Trade receivables | 40 | €7,018 | €37,522 | +€30,503 | +434.6% |
| Other amounts receivable | 41 | €61 | €11,103 | +€11,042 | +18245.8% |
| Cash at bank and in hand | 54/58 | €26,095 | €33,189 | +€7,094 | +27.2% |
| Deferred charges and accrued income | 490/1 | €935 | €1,177 | +€242 | +25.9% |
| Total equity and liabilities | 10/49 | €71,004 | €123,004 | +€52,000 | +73.2% |
| Equity | 10/15 | €19,577 | €41,642 | +€22,065 | +112.7% |
| Contributions | 10/11 | €4,300 | €4,300 | = | 0.0% |
| Reserves | 13 | €8,000 | €0 | -€8,000 | -100.0% |
| Distributable reserves | 133 | €8,000 | €0 | -€8,000 | -100.0% |
| Profit (loss) carried forward | 14 | €7,277 | €37,342 | +€30,065 | +413.1% |
| Amounts payable | 17/49 | €51,427 | €81,361 | +€29,935 | +58.2% |
| Amounts payable after more than one year | 17 | €4,619 | €23,513 | +€18,894 | +409.0% |
| Financial debts | 170/4 | €4,619 | €23,513 | +€18,894 | +409.0% |
| Amounts payable within one year | 42/48 | €46,207 | €57,248 | +€11,041 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €10,187 | €10,197 | +€10 | +0.1% |
| Trade debts | 44 | €5,380 | €9,268 | +€3,887 | +72.2% |
| Suppliers | 440/4 | €5,380 | €9,268 | +€3,887 | +72.2% |
| Taxes, remuneration and social security | 45 | €25,026 | €31,740 | +€6,714 | +26.8% |
| Taxes | 450/3 | €12,188 | €23,776 | +€11,588 | +95.1% |
| Remuneration and social security | 454/9 | €12,838 | €7,964 | -€4,874 | -38.0% |
| Other amounts payable | 47/48 | €5,614 | €6,043 | +€429 | +7.6% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €64,532 | €87,741 | +€23,208 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,589 | €5,251 | +€662 | +14.4% |
| Other operating charges | 640/8 | €2,505 | €1,018 | -€1,487 | -59.3% |
| Non-recurring operating charges | 66A | €234 | €247 | +€13 | +5.4% |
| Gross operating margin | 9900 | €113,618 | €139,190 | +€25,572 | +22.5% |
| Operating profit (loss) | 9901 | €41,757 | €44,933 | +€3,176 | +7.6% |
| Financial income | 75/76B | €54 | €10 | -€44 | -80.8% |
| Recurring financial income | 75 | €54 | €10 | -€44 | -80.8% |
| Financial charges | 65/66B | €800 | €2,537 | +€1,738 | +217.3% |
| Recurring financial charges | 65 | €800 | €2,537 | +€1,738 | +217.3% |
| Profit (loss) for the period before taxes | 9903 | €41,011 | €42,406 | +€1,395 | +3.4% |
| Income taxes | 67/77 | €8,553 | €12,341 | +€3,788 | +44.3% |
| Profit (loss) for the period | 9904 | €32,458 | €30,065 | -€2,393 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,458 | €30,065 | -€2,393 | -7.4% |
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 5 October 2026 via checked.be.