Grutto: 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.
Grutto
Largest movements
- Deferred charges and accrued income -€59,923
down €59,923 (-96.7%), from €61,958 to €2,035
- Cash +€57,444
up €57,444 (+310%), from €18,554 to €75,998
mainly Deferred charges and accrued income (+€59,923) and Receivables within one year (+€15,082)
- Current investments +€17,080
new in 2025: €17,080
- Receivables within one year -€15,082
down €15,082 (-99.0%), from €15,239 to €158
- Tangible fixed assets -€11,965
down €11,965 (-43.5%), from €27,508 to €15,544
- Tax, wage and social debts -€7,337
down €7,337 (-24.0%), from €30,627 to €23,290
- Debts after one year -€4,564
down €4,564 (-55.0%), from €8,298 to €3,734
- Profit (loss) carried forward -€3,826
down €3,826 (-7.8%), from €48,894 to €45,068
- Other debts +€2,981
up €2,981 (+12.5%), from €23,914 to €26,895
- Gross operating margin -€1,019
down €1,019 (-2.9%), from €35,714 to €34,695
- Depreciation +€676
up €676 (+6.0%), from €11,289 to €11,965
- Financial charges -€365
down €365 (-34.4%), from €1,061 to €696
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 | €123,260 | €110,815 | -€12,445 | -10.1% |
| Fixed assets | 21/28 | €27,508 | €15,544 | -€11,965 | -43.5% |
| Tangible fixed assets | 22/27 | €27,508 | €15,544 | -€11,965 | -43.5% |
| Furniture and vehicles | 24 | €27,508 | €15,544 | -€11,965 | -43.5% |
| Current assets | 29/58 | €95,751 | €95,271 | -€480 | -0.5% |
| Amounts receivable within one year | 40/41 | €15,239 | €158 | -€15,082 | -99.0% |
| Trade receivables | 40 | €15,239 | €158 | -€15,082 | -99.0% |
| Current investments | 50/53 | - | €17,080 | +€17,080 | |
| Cash at bank and in hand | 54/58 | €18,554 | €75,998 | +€57,444 | +310% |
| Deferred charges and accrued income | 490/1 | €61,958 | €2,035 | -€59,923 | -96.7% |
| Total equity and liabilities | 10/49 | €123,260 | €110,815 | -€12,445 | -10.1% |
| Equity | 10/15 | €53,894 | €50,068 | -€3,826 | -7.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,894 | €45,068 | -€3,826 | -7.8% |
| Amounts payable | 17/49 | €69,366 | €60,747 | -€8,619 | -12.4% |
| Amounts payable after more than one year | 17 | €8,298 | €3,734 | -€4,564 | -55.0% |
| Financial debts | 170/4 | €8,298 | €3,734 | -€4,564 | -55.0% |
| Amounts payable within one year | 42/48 | €61,068 | €57,013 | -€4,055 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €2,560 | €2,668 | +€108 | +4.2% |
| Trade debts | 44 | €3,967 | €4,159 | +€192 | +4.8% |
| Suppliers | 440/4 | €3,967 | €4,159 | +€192 | +4.8% |
| Taxes, remuneration and social security | 45 | €30,627 | €23,290 | -€7,337 | -24.0% |
| Taxes | 450/3 | €30,627 | €23,290 | -€7,337 | -24.0% |
| Other amounts payable | 47/48 | €23,914 | €26,895 | +€2,981 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,289 | €11,965 | +€676 | +6.0% |
| Other operating charges | 640/8 | €1,193 | €1,260 | +€68 | +5.7% |
| Gross operating margin | 9900 | €35,714 | €34,695 | -€1,019 | -2.9% |
| Operating profit (loss) | 9901 | €23,233 | €21,471 | -€1,762 | -7.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,061 | €696 | -€365 | -34.4% |
| Recurring financial charges | 65 | €1,061 | €696 | -€365 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €22,172 | €20,775 | -€1,397 | -6.3% |
| Income taxes | 67/77 | €6,154 | €5,851 | -€303 | -4.9% |
| Profit (loss) for the period | 9904 | €16,018 | €14,924 | -€1,094 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,018 | €14,924 | -€1,094 | -6.8% |
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 1 November 2026 via checked.be.