Het Griffeltje: 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.
Het Griffeltje
Largest movements
- Cash -€96,356
down €96,356 (-56.6%), from €170,153 to €73,798
mainly Contributions, distributions and other (-€111,304) and Investment in fixed assets (net) (-€39,329)
- Stocks and contracts +€26,592
up €26,592 (+13.7%), from €194,088 to €220,681
- Tangible fixed assets +€22,182
up €22,182 (+9.9%), from €224,286 to €246,468
of which Furniture and vehicles: +€34,724
- Receivables within one year +€19,709
up €19,709 (+76.6%), from €25,729 to €45,438
of which Other amounts receivable: +€18,096
- Reserves -€36,082
down €36,082 (-4.0%), from €911,905 to €875,823
- Other debts +€20,191
up €20,191 (+15.0%), from €134,277 to €154,467
- Gross operating margin -€18,684
down €18,684 (-12.4%), from €150,654 to €131,970
- Taxes -€9,474
down €9,474 (-21.5%), from €44,103 to €34,629
- Financial income -€6,984
down €6,984 (-42.3%), from €16,523 to €9,539
- Other operating charges +€6,027
up €6,027 (+134%), from €4,508 to €10,534
- Depreciation -€2,363
down €2,363 (-12.1%), from €19,511 to €17,147
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 | €1,262,032 | €1,234,696 | -€27,336 | -2.2% |
| Fixed assets | 21/28 | €224,286 | €246,468 | +€22,182 | +9.9% |
| Tangible fixed assets | 22/27 | €224,286 | €246,468 | +€22,182 | +9.9% |
| Land and buildings | 22 | €219,924 | €207,900 | -€12,024 | -5.5% |
| Plant, machinery and equipment | 23 | €612 | €93 | -€518 | -84.7% |
| Furniture and vehicles | 24 | €3,751 | €38,475 | +€34,724 | +926% |
| Current assets | 29/58 | €1,037,746 | €988,228 | -€49,518 | -4.8% |
| Stocks and contracts in progress | 3 | €194,088 | €220,681 | +€26,592 | +13.7% |
| Stocks | 30/36 | €194,088 | €220,681 | +€26,592 | +13.7% |
| Amounts receivable within one year | 40/41 | €25,729 | €45,438 | +€19,709 | +76.6% |
| Trade receivables | 40 | €22,055 | €23,667 | +€1,613 | +7.3% |
| Other amounts receivable | 41 | €3,675 | €21,771 | +€18,096 | +492% |
| Current investments | 50/53 | €647,244 | €647,244 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170,153 | €73,798 | -€96,356 | -56.6% |
| Deferred charges and accrued income | 490/1 | €531 | €1,067 | +€536 | +101% |
| Total equity and liabilities | 10/49 | €1,262,032 | €1,234,696 | -€27,336 | -2.2% |
| Equity | 10/15 | €1,109,655 | €1,073,573 | -€36,082 | -3.3% |
| Contributions | 10/11 | €197,750 | €197,750 | = | 0.0% |
| Reserves | 13 | €911,905 | €875,823 | -€36,082 | -4.0% |
| Distributable reserves | 133 | €911,905 | €875,823 | -€36,082 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,377 | €161,123 | +€8,746 | +5.7% |
| Amounts payable within one year | 42/48 | €152,377 | €161,123 | +€8,746 | +5.7% |
| Trade debts | 44 | €11,413 | €5,230 | -€6,183 | -54.2% |
| Suppliers | 440/4 | €11,413 | €5,230 | -€6,183 | -54.2% |
| Taxes, remuneration and social security | 45 | €6,688 | €1,426 | -€5,262 | -78.7% |
| Taxes | 450/3 | €6,688 | €1,426 | -€5,262 | -78.7% |
| Other amounts payable | 47/48 | €134,277 | €154,467 | +€20,191 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,511 | €17,147 | -€2,363 | -12.1% |
| Other operating charges | 640/8 | €4,508 | €10,534 | +€6,027 | +134% |
| Gross operating margin | 9900 | €150,654 | €131,970 | -€18,684 | -12.4% |
| Operating profit (loss) | 9901 | €126,636 | €104,289 | -€22,348 | -17.6% |
| Financial income | 75/76B | €16,523 | €9,539 | -€6,984 | -42.3% |
| Recurring financial income | 75 | €16,523 | €9,539 | -€6,984 | -42.3% |
| Financial charges | 65/66B | €5,959 | €3,976 | -€1,983 | -33.3% |
| Recurring financial charges | 65 | €5,959 | €3,976 | -€1,983 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €137,200 | €109,851 | -€27,348 | -19.9% |
| Income taxes | 67/77 | €44,103 | €34,629 | -€9,474 | -21.5% |
| Profit (loss) for the period | 9904 | €93,097 | €75,222 | -€17,875 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,097 | €75,222 | -€17,875 | -19.2% |
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 21 October 2026 via checked.be.