Heres Gryson: 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.
What changed
Heres Gryson
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€1.5m+€362,504
Equity
-€865,008
2024 · €274,450-€1.1m
Cash
€196,975
2024 · €97,466+€99,509
Balance sheet total
€24.3m
2024 · €25.3m-€973,388
Largest movements
Assets
- Tangible fixed assets -€983,966
down €983,966 (-3.9%), from €25.1m to €24.1m
of which Land and buildings: -€920,578
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-24.1%), from -€4.7m to -€5.9m
Income statement
- Depreciation -€326,465
down €326,465 (-24.9%), from €1.3m to €985,128
- Gross operating margin +€183,763
up €183,763 (+10.7%), from €1.7m to €1.9m
- Financial charges +€139,570
up €139,570 (+8.0%), from €1.7m to €1.9m
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.
Result 2024
-€1.5m
Gross operating margin
+€183,763
Staff costs
-€5,022
Depreciation
+€326,465
Other operating charges
-€3,156
Financial income
+€23
Financial charges
-€139,570
Result 2025
-€1.1m
raises the resultlowers the result
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.
From operations
+€100,671
Investment
-€1,162
Financing
€0
Cash 2024
€97,466
From operations (derived)
+€100,671
Net result for the year
-€1.1m
Depreciation
+€985,128
Receivables within one year
+€100,000
Deferred charges and accrued income
-€11,069
Trade debts
+€44,740
Tax, wage and social debts
-€9,838
Other debts
+€143,525
Accrued charges and deferred income
-€12,357
Investment (derived)
-€1,162
Investment in fixed assets (net)
-€1,162
Cash 2025
€196,975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,314,411 | €24,341,023 | -€973,388 | -3.8% |
| Fixed assets | 21/28 | €25,089,495 | €24,105,528 | -€983,966 | -3.9% |
| Tangible fixed assets | 22/27 | €25,089,495 | €24,105,528 | -€983,966 | -3.9% |
| Land and buildings | 22 | €24,758,728 | €23,838,149 | -€920,578 | -3.7% |
| Plant, machinery and equipment | 23 | €10,857 | €6,525 | -€4,333 | -39.9% |
| Furniture and vehicles | 24 | €319,910 | €260,854 | -€59,056 | -18.5% |
| Current assets | 29/58 | €224,916 | €235,494 | +€10,578 | +4.7% |
| Amounts receivable within one year | 40/41 | €100,000 | €0 | -€100,000 | -100% |
| Trade receivables | 40 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €97,466 | €196,975 | +€99,509 | +102% |
| Deferred charges and accrued income | 490/1 | €27,450 | €38,519 | +€11,069 | +40.3% |
| Total equity and liabilities | 10/49 | €25,314,411 | €24,341,023 | -€973,388 | -3.8% |
| Equity | 10/15 | €274,450 | -€865,008 | -€1.1m | |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,725,550 | -€5,865,008 | -€1.1m | -24.1% |
| Amounts payable | 17/49 | €25,039,961 | €25,206,031 | +€166,069 | +0.7% |
| Amounts payable after more than one year | 17 | €24,979,645 | €24,979,645 | = | 0.0% |
| Financial debts | 170/4 | €24,979,645 | €24,979,645 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,959 | €226,386 | +€178,427 | +372% |
| Trade debts | 44 | €17,255 | €61,994 | +€44,740 | +259% |
| Suppliers | 440/4 | €17,255 | €61,994 | +€44,740 | +259% |
| Taxes, remuneration and social security | 45 | €19,064 | €9,226 | -€9,838 | -51.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €19,064 | €9,226 | -€9,838 | -51.6% |
| Other amounts payable | 47/48 | €11,641 | €155,166 | +€143,525 | +1,233% |
| Accrued charges and deferred income | 492/3 | €12,357 | €0 | -€12,357 | -100% |
| Remuneration, social security and pensions | 62 | €165,466 | €170,488 | +€5,022 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311,593 | €985,128 | -€326,465 | -24.9% |
| Other operating charges | 640/8 | €960 | €4,116 | +€3,156 | +329% |
| Gross operating margin | 9900 | €1,710,053 | €1,893,817 | +€183,763 | +10.7% |
| Operating profit (loss) | 9901 | €232,034 | €734,084 | +€502,050 | +216% |
| Financial income | 75/76B | €0 | €24 | +€23 | +21,355% |
| Recurring financial income | 75 | €0 | €24 | +€23 | +21,355% |
| Financial charges | 65/66B | €1,733,996 | €1,873,565 | +€139,570 | +8.0% |
| Recurring financial charges | 65 | €1,733,996 | €1,873,565 | +€139,570 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,501,962 | -€1,139,458 | +€362,504 | +24.1% |
| Profit (loss) for the period | 9904 | -€1,501,962 | -€1,139,458 | +€362,504 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,501,962 | -€1,139,458 | +€362,504 | +24.1% |
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 20 October 2026 via checked.be.