LE GRIFFON 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.
LE GRIFFON 2
Largest movements
- Stocks and contracts +€2,760
up €2,760 (+3.0%), from €91,899 to €94,659
- Profit (loss) carried forward -€42,425
down €42,425 (-24.8%), from -€170,849 to -€213,273
- Trade debts +€23,857
up €23,857 (+50.5%), from €47,265 to €71,121
- Other debts +€14,216
up €14,216 (+8.6%), from €165,520 to €179,736
- Tax, wage and social debts +€7,076
up €7,076 (+27.2%), from €26,049 to €33,124
of which Taxes: +€7,140
- Gross operating margin -€22,808
down €22,808 (-374%), from -€6,102 to -€28,909
- Other operating charges -€2,853
down €2,853 (-57.2%), from €4,988 to €2,135
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 | €92,380 | €95,378 | +€2,998 | +3.2% |
| Fixed assets | 21/28 | - | €608 | +€608 | |
| Financial fixed assets | 28 | - | €608 | +€608 | |
| Current assets | 29/58 | €92,380 | €94,771 | +€2,391 | +2.6% |
| Stocks and contracts in progress | 3 | €91,899 | €94,659 | +€2,760 | +3.0% |
| Stocks | 30/36 | €91,899 | €94,659 | +€2,760 | +3.0% |
| Amounts receivable within one year | 40/41 | €463 | - | -€463 | |
| Trade receivables | 40 | €463 | - | -€463 | |
| Cash at bank and in hand | 54/58 | €18 | €112 | +€94 | +515% |
| Total equity and liabilities | 10/49 | €92,380 | €95,378 | +€2,998 | +3.2% |
| Equity | 10/15 | -€150,398 | -€192,822 | -€42,425 | -28.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,849 | -€213,273 | -€42,425 | -24.8% |
| Amounts payable | 17/49 | €242,778 | €288,201 | +€45,423 | +18.7% |
| Amounts payable within one year | 42/48 | €242,778 | €288,201 | +€45,423 | +18.7% |
| Financial debts | 43 | €3,944 | €4,219 | +€275 | +7.0% |
| Other loans | 439 | €3,944 | €4,219 | +€275 | +7.0% |
| Trade debts | 44 | €47,265 | €71,121 | +€23,857 | +50.5% |
| Suppliers | 440/4 | €47,265 | €71,121 | +€23,857 | +50.5% |
| Taxes, remuneration and social security | 45 | €26,049 | €33,124 | +€7,076 | +27.2% |
| Taxes | 450/3 | €3,674 | €10,814 | +€7,140 | +194% |
| Remuneration and social security | 454/9 | €22,375 | €22,311 | -€64 | -0.3% |
| Other amounts payable | 47/48 | €165,520 | €179,736 | +€14,216 | +8.6% |
| Remuneration, social security and pensions | 62 | €8,325 | €8,542 | +€216 | +2.6% |
| Other operating charges | 640/8 | €4,988 | €2,135 | -€2,853 | -57.2% |
| Non-recurring operating charges | 66A | €349 | €2,008 | +€1,660 | +476% |
| Gross operating margin | 9900 | -€6,102 | -€28,909 | -€22,808 | -374% |
| Operating profit (loss) | 9901 | -€19,764 | -€41,595 | -€21,830 | -110% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €913 | €831 | -€82 | -9.0% |
| Recurring financial charges | 65 | €913 | €831 | -€82 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,677 | -€42,425 | -€21,748 | -105% |
| Profit (loss) for the period | 9904 | -€20,677 | -€42,425 | -€21,748 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,677 | -€42,425 | -€21,748 | -105% |
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 26 October 2026 via checked.be.