MA GRIFFE: 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.
MA GRIFFE
Largest movements
- Receivables within one year +€7,106
up €7,106 (+22.9%), from €30,984 to €38,089
of which Trade receivables: +€6,717
- Deferred charges and accrued income -€1,021
no longer reported in 2025 (was €1,021)
- Short-term financial debts +€8,073
up €8,073 (+72.4%), from €11,154 to €19,227
- Profit (loss) carried forward -€1,228
down €1,228 (-18.7%), from €6,576 to €5,348
- Trade debts -€794
down €794 (-97.8%), from €812 to €18
- Gross operating margin +€15,441
up €15,441, from -€11,168 to €4,273
- Financial charges +€1,561
up €1,561 (+208%), from €749 to €2,311
- Staff costs +€804
new in 2025: €804
- Other operating charges +€799
up €799 (+280%), from €285 to €1,084
- Taxes -€662
down €662, from €638 to -€24
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 | €39,199 | €45,062 | +€5,862 | +15.0% |
| Fixed assets | 21/28 | €828 | €620 | -€208 | -25.1% |
| Tangible fixed assets | 22/27 | €828 | €620 | -€208 | -25.1% |
| Furniture and vehicles | 24 | €828 | €620 | -€208 | -25.1% |
| Current assets | 29/58 | €38,371 | €44,441 | +€6,070 | +15.8% |
| Stocks and contracts in progress | 3 | €6,352 | €6,352 | = | 0.0% |
| Stocks | 30/36 | €6,352 | €6,352 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,984 | €38,089 | +€7,106 | +22.9% |
| Trade receivables | 40 | €2,852 | €9,570 | +€6,717 | +236% |
| Other amounts receivable | 41 | €28,131 | €28,520 | +€388 | +1.4% |
| Cash at bank and in hand | 54/58 | €14 | - | -€14 | |
| Deferred charges and accrued income | 490/1 | €1,021 | - | -€1,021 | |
| Total equity and liabilities | 10/49 | €39,199 | €45,062 | +€5,862 | +15.0% |
| Equity | 10/15 | €27,027 | €25,800 | -€1,228 | -4.5% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,576 | €5,348 | -€1,228 | -18.7% |
| Amounts payable | 17/49 | €12,172 | €19,262 | +€7,090 | +58.2% |
| Amounts payable within one year | 42/48 | €12,172 | €19,262 | +€7,090 | +58.2% |
| Financial debts | 43 | €11,154 | €19,227 | +€8,073 | +72.4% |
| Credit institutions | 430/8 | €11,154 | €19,227 | +€8,073 | +72.4% |
| Trade debts | 44 | €812 | €18 | -€794 | -97.8% |
| Suppliers | 440/4 | €812 | €18 | -€794 | -97.8% |
| Taxes, remuneration and social security | 45 | €207 | €17 | -€189 | -91.7% |
| Taxes | 450/3 | €207 | €17 | -€189 | -91.7% |
| Remuneration, social security and pensions | 62 | - | €804 | +€804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €208 | +€64 | +44.6% |
| Other operating charges | 640/8 | €285 | €1,084 | +€799 | +280% |
| Non-recurring operating charges | 66A | - | €2,595 | +€2,595 | |
| Gross operating margin | 9900 | -€11,168 | €4,273 | +€15,441 | |
| Operating profit (loss) | 9901 | -€11,597 | -€418 | +€11,179 | +96.4% |
| Financial income | 75/76B | €1,586 | €1,477 | -€110 | -6.9% |
| Recurring financial income | 75 | €1,586 | €1,477 | -€110 | -6.9% |
| Financial charges | 65/66B | €749 | €2,311 | +€1,561 | +208% |
| Recurring financial charges | 65 | €749 | €2,311 | +€1,561 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€10,760 | -€1,252 | +€9,508 | +88.4% |
| Income taxes | 67/77 | €638 | -€24 | -€662 | |
| Profit (loss) for the period | 9904 | -€11,398 | -€1,228 | +€10,170 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,398 | -€1,228 | +€10,170 | +89.2% |
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 15 October 2026 via checked.be.