GRYMACO 2: 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.
GRYMACO 2
Largest movements
- Tangible fixed assets -€21,790
down €21,790 (-21.9%), from €99,695 to €77,906
of which Plant, machinery and equipment: -€11,936
- Receivables within one year +€11,392
up €11,392 (+1,040%), from €1,096 to €12,488
of which Trade receivables: +€7,283
- Cash -€6,029
down €6,029 (-10.2%), from €59,396 to €53,367
mainly Debts after one year (-€26,051) and Receivables within one year (-€11,392)
- Debts after one year -€26,051
down €26,051 (-42.0%), from €61,985 to €35,934
- Reserves +€17,659
up €17,659 (+56.0%), from €31,537 to €49,196
of which Distributable reserves: +€17,659
- Other debts -€6,678
down €6,678 (-28.4%), from €23,491 to €16,813
- Trade debts +€3,186
up €3,186 (+92.1%), from €3,460 to €6,646
- Current portion of long-term debt -€2,038
down €2,038 (-7.3%), from €28,089 to €26,051
- Gross operating margin -€5,591
down €5,591 (-9.6%), from €58,241 to €52,650
- Other operating charges -€4,433
down €4,433 (-76.4%), from €5,800 to €1,367
- Taxes +€3,215
up €3,215 (+194%), from €1,660 to €4,875
- Financial charges -€604
down €604 (-15.3%), from €3,951 to €3,347
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 | €169,456 | €153,625 | -€15,831 | -9.3% |
| Fixed assets | 21/28 | €99,695 | €77,906 | -€21,790 | -21.9% |
| Tangible fixed assets | 22/27 | €99,695 | €77,906 | -€21,790 | -21.9% |
| Land and buildings | 22 | €29,802 | €22,149 | -€7,652 | -25.7% |
| Plant, machinery and equipment | 23 | €58,297 | €46,361 | -€11,936 | -20.5% |
| Furniture and vehicles | 24 | €9,540 | €7,339 | -€2,201 | -23.1% |
| Other tangible fixed assets | 26 | €2,056 | €2,056 | = | 0.0% |
| Current assets | 29/58 | €69,761 | €75,719 | +€5,958 | +8.5% |
| Stocks and contracts in progress | 3 | €7,369 | €9,009 | +€1,640 | +22.3% |
| Stocks | 30/36 | €7,369 | €9,009 | +€1,640 | +22.3% |
| Amounts receivable within one year | 40/41 | €1,096 | €12,488 | +€11,392 | +1,040% |
| Trade receivables | 40 | €480 | €7,762 | +€7,283 | +1,518% |
| Other amounts receivable | 41 | €616 | €4,725 | +€4,109 | +667% |
| Cash at bank and in hand | 54/58 | €59,396 | €53,367 | -€6,029 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,900 | €856 | -€1,044 | -54.9% |
| Total equity and liabilities | 10/49 | €169,456 | €153,625 | -€15,831 | -9.3% |
| Equity | 10/15 | €50,137 | €67,796 | +€17,659 | +35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,537 | €49,196 | +€17,659 | +56.0% |
| Tax-exempt reserves | 132 | €13,079 | €13,079 | = | 0.0% |
| Distributable reserves | 133 | €18,458 | €36,117 | +€17,659 | +95.7% |
| Amounts payable | 17/49 | €119,319 | €85,829 | -€33,490 | -28.1% |
| Amounts payable after more than one year | 17 | €61,985 | €35,934 | -€26,051 | -42.0% |
| Financial debts | 170/4 | €61,985 | €35,934 | -€26,051 | -42.0% |
| Amounts payable within one year | 42/48 | €57,334 | €49,895 | -€7,439 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €28,089 | €26,051 | -€2,038 | -7.3% |
| Trade debts | 44 | €3,460 | €6,646 | +€3,186 | +92.1% |
| Suppliers | 440/4 | €3,460 | €6,646 | +€3,186 | +92.1% |
| Taxes, remuneration and social security | 45 | €2,295 | €386 | -€1,909 | -83.2% |
| Taxes | 450/3 | €2,295 | €386 | -€1,909 | -83.2% |
| Other amounts payable | 47/48 | €23,491 | €16,813 | -€6,678 | -28.4% |
| Remuneration, social security and pensions | 62 | €2,404 | €2,592 | +€188 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,858 | €22,810 | -€48 | -0.2% |
| Other operating charges | 640/8 | €5,800 | €1,367 | -€4,433 | -76.4% |
| Non-recurring operating charges | 66A | €3,326 | - | -€3,326 | |
| Gross operating margin | 9900 | €58,241 | €52,650 | -€5,591 | -9.6% |
| Operating profit (loss) | 9901 | €23,854 | €25,881 | +€2,027 | +8.5% |
| Financial charges | 65/66B | €3,951 | €3,347 | -€604 | -15.3% |
| Recurring financial charges | 65 | €3,951 | €3,347 | -€604 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €19,903 | €22,534 | +€2,631 | +13.2% |
| Income taxes | 67/77 | €1,660 | €4,875 | +€3,215 | +194% |
| Profit (loss) for the period | 9904 | €18,243 | €17,659 | -€585 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,243 | €17,659 | -€585 | -3.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.