GRÜNBERG & PARTNERS: 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.
GRÜNBERG & PARTNERS
Largest movements
- Receivables within one year -€7,519
down €7,519 (-47.2%), from €15,929 to €8,411
of which Other amounts receivable: -€4,130
- Deferred charges and accrued income -€3,132
down €3,132 (-98.8%), from €3,170 to €38
- Cash -€2,444
down €2,444 (-44.3%), from €5,519 to €3,075
mainly Net result for the year (-€11,751) and Trade debts (-€1,306)
- Tangible fixed assets -€312
down €312 (-78.5%), from €398 to €86
- Profit (loss) carried forward -€11,751
down €11,751, from €335 to -€11,416
- Trade debts -€1,306
down €1,306 (-13.9%), from €9,414 to €8,108
- Gross operating margin -€13,050
down €13,050, from €3,634 to -€9,416
- Taxes -€973
down €973 (-96.5%), from €1,007 to €35
- Other operating charges +€656
up €656 (+73.1%), from €898 to €1,554
- Financial charges -€642
down €642 (-59.7%), from €1,076 to €434
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 | €26,313 | €13,025 | -€13,288 | -50.5% |
| Fixed assets | 21/28 | €398 | €86 | -€312 | -78.5% |
| Tangible fixed assets | 22/27 | €398 | €86 | -€312 | -78.5% |
| Furniture and vehicles | 24 | €398 | €86 | -€312 | -78.5% |
| Current assets | 29/58 | €25,915 | €12,940 | -€12,976 | -50.1% |
| Stocks and contracts in progress | 3 | €1,297 | €1,416 | +€119 | +9.2% |
| Stocks | 30/36 | €1,297 | €1,416 | +€119 | +9.2% |
| Amounts receivable within one year | 40/41 | €15,929 | €8,411 | -€7,519 | -47.2% |
| Trade receivables | 40 | €4,541 | €1,153 | -€3,388 | -74.6% |
| Other amounts receivable | 41 | €11,388 | €7,258 | -€4,130 | -36.3% |
| Cash at bank and in hand | 54/58 | €5,519 | €3,075 | -€2,444 | -44.3% |
| Deferred charges and accrued income | 490/1 | €3,170 | €38 | -€3,132 | -98.8% |
| Total equity and liabilities | 10/49 | €26,313 | €13,025 | -€13,288 | -50.5% |
| Equity | 10/15 | €4,890 | -€6,861 | -€11,751 | |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €4,505 | €4,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5 | €5 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5 | €5 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335 | -€11,416 | -€11,751 | |
| Amounts payable | 17/49 | €21,422 | €19,886 | -€1,537 | -7.2% |
| Amounts payable within one year | 42/48 | €21,422 | €19,886 | -€1,537 | -7.2% |
| Trade debts | 44 | €9,414 | €8,108 | -€1,306 | -13.9% |
| Suppliers | 440/4 | €9,414 | €8,108 | -€1,306 | -13.9% |
| Taxes, remuneration and social security | 45 | €12,008 | €11,778 | -€231 | -1.9% |
| Taxes | 450/3 | €12,008 | €11,778 | -€231 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €312 | = | 0.0% |
| Other operating charges | 640/8 | €898 | €1,554 | +€656 | +73.1% |
| Gross operating margin | 9900 | €3,634 | -€9,416 | -€13,050 | |
| Operating profit (loss) | 9901 | €2,424 | -€11,282 | -€13,707 | |
| Financial charges | 65/66B | €1,076 | €434 | -€642 | -59.7% |
| Recurring financial charges | 65 | €1,076 | €434 | -€642 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €1,348 | -€11,716 | -€13,065 | |
| Income taxes | 67/77 | €1,007 | €35 | -€973 | -96.5% |
| Profit (loss) for the period | 9904 | €341 | -€11,751 | -€12,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €341 | -€11,751 | -€12,092 |
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 27 October 2026 via checked.be.