OPEN GRAIL: 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.
OPEN GRAIL
Largest movements
- Receivables within one year -€26,799
down €26,799 (-36.7%), from €73,068 to €46,268
of which Other amounts receivable: -€18,121
- Cash -€13,597
down €13,597 (-18.9%), from €71,953 to €58,356
mainly Net result for the year (-€28,195) and Current portion of long-term debt (-€14,155)
- Tangible fixed assets -€5,206
down €5,206 (-16.1%), from €32,258 to €27,052
of which Furniture and vehicles: -€9,429
- Profit (loss) carried forward -€28,195
down €28,195 (-3813.9%), from -€739 to -€28,934
- Current portion of long-term debt -€14,155
down €14,155 (-100.0%), from €14,155 to €0
- Gross operating margin -€40,781
down €40,781 (-65.1%), from €62,625 to €21,843
- Financial charges -€10,151
down €10,151 (-17.5%), from €57,961 to €47,810
- Financial income +€7,488
up €7,488 (+147.4%), from €5,081 to €12,569
- Depreciation +€5,368
up €5,368 (+60.7%), from €8,842 to €14,209
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.
Cash bridge derived
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 | €328,824 | €284,316 | -€44,507 | -13.5% |
| Fixed assets | 21/28 | €33,398 | €28,192 | -€5,206 | -15.6% |
| Tangible fixed assets | 22/27 | €32,258 | €27,052 | -€5,206 | -16.1% |
| Plant, machinery and equipment | 23 | €172 | €1,304 | +€1,132 | +656.1% |
| Furniture and vehicles | 24 | €32,085 | €22,656 | -€9,429 | -29.4% |
| Other tangible fixed assets | 26 | - | €3,091 | +€3,091 | |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €295,426 | €256,125 | -€39,301 | -13.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,068 | €46,268 | -€26,799 | -36.7% |
| Trade receivables | 40 | €23,312 | €14,634 | -€8,679 | -37.2% |
| Other amounts receivable | 41 | €49,756 | €31,635 | -€18,121 | -36.4% |
| Cash at bank and in hand | 54/58 | €71,953 | €58,356 | -€13,597 | -18.9% |
| Deferred charges and accrued income | 490/1 | €405 | €1,500 | +€1,095 | +270.6% |
| Total equity and liabilities | 10/49 | €328,824 | €284,316 | -€44,507 | -13.5% |
| Equity | 10/15 | €310,444 | €282,249 | -€28,195 | -9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €298,784 | €298,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €296,924 | €298,784 | +€1,860 | +0.6% |
| Profit (loss) carried forward | 14 | -€739 | -€28,934 | -€28,195 | -3813.9% |
| Amounts payable | 17/49 | €18,379 | €2,067 | -€16,312 | -88.8% |
| Amounts payable within one year | 42/48 | €18,379 | €2,067 | -€16,312 | -88.8% |
| Current portion of amounts payable after more than one year | 42 | €14,155 | €0 | -€14,155 | -100.0% |
| Financial debts | 43 | €1,940 | €1,767 | -€173 | -8.9% |
| Credit institutions | 430/8 | €1,940 | €1,767 | -€173 | -8.9% |
| Trade debts | 44 | €707 | €171 | -€536 | -75.8% |
| Suppliers | 440/4 | €707 | €171 | -€536 | -75.8% |
| Taxes, remuneration and social security | 45 | €1,577 | €128 | -€1,449 | -91.9% |
| Taxes | 450/3 | €128 | €128 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,449 | €0 | -€1,449 | -100.0% |
| Non-recurring operating income | 76A | €4,425 | €0 | -€4,425 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,842 | €14,209 | +€5,368 | +60.7% |
| Other operating charges | 640/8 | €906 | €280 | -€625 | -69.1% |
| Non-recurring operating charges | 66A | €63 | €0 | -€63 | -100.0% |
| Gross operating margin | 9900 | €62,625 | €21,843 | -€40,781 | -65.1% |
| Operating profit (loss) | 9901 | €52,815 | €7,354 | -€45,461 | -86.1% |
| Financial income | 75/76B | €5,081 | €12,569 | +€7,488 | +147.4% |
| Recurring financial income | 75 | €5,081 | €12,569 | +€7,488 | +147.4% |
| Financial charges | 65/66B | €57,961 | €47,810 | -€10,151 | -17.5% |
| Recurring financial charges | 65 | €57,961 | €47,810 | -€10,151 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€66 | -€27,888 | -€27,822 | -42372.9% |
| Income taxes | 67/77 | €674 | €307 | -€366 | -54.4% |
| Profit (loss) for the period | 9904 | -€739 | -€28,195 | -€27,456 | -3713.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€739 | -€28,195 | -€27,456 | -3713.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.