Postpunt Grewal Express: what changed
Postpunt Grewal Express
Largest movements
- Cash +€15,531
up €15,531 (+132%), from €11,749 to €27,280
mainly Net result for the year (+€16,827) and Tax, wage and social debts (+€6,573)
- Tangible fixed assets +€6,511
up €6,511 (+308%), from €2,115 to €8,625
of which Land and buildings: +€5,961
- Stocks and contracts +€2,724
up €2,724 (+6.3%), from €43,478 to €46,202
- Deferred charges and accrued income +€1,280
new in 2025: €1,280
- Receivables within one year +€962
up €962 (+9.9%), from €9,762 to €10,724
of which Trade receivables: +€1,019
- Reserves +€16,827
up €16,827 (+472%), from €3,563 to €20,390
- Tax, wage and social debts +€6,573
up €6,573 (+632%), from €1,040 to €7,613
- Trade debts +€2,079
up €2,079 (+11.3%), from €18,324 to €20,403
- Other debts +€1,527
up €1,527 (+5.7%), from €26,566 to €28,093
- Taxes +€5,312
up €5,312 (+573%), from €927 to €6,238
- Gross operating margin +€5,075
up €5,075 (+21.1%), from €24,058 to €29,134
- Financial charges +€2,106
up €2,106 (+248%), from €847 to €2,953
- Depreciation +€783
up €783 (+208%), from €376 to €1,159
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,093 | €95,099 | +€27,007 | +39.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,103 | €9,614 | +€6,511 | +210% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,115 | €8,625 | +€6,511 | +308% |
| Land and buildings | 22 | €261 | €6,222 | +€5,961 | +2,287% |
| Plant, machinery and equipment | 23 | €1,854 | €2,403 | +€549 | +29.6% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €989 | €989 | = | 0.0% |
| Current assets | 29/58 | €64,989 | €85,485 | +€20,496 | +31.5% |
| Stocks and contracts in progress | 3 | €43,478 | €46,202 | +€2,724 | +6.3% |
| Stocks | 30/36 | €43,478 | €46,202 | +€2,724 | +6.3% |
| Amounts receivable within one year | 40/41 | €9,762 | €10,724 | +€962 | +9.9% |
| Trade receivables | 40 | €6,116 | €7,135 | +€1,019 | +16.7% |
| Other amounts receivable | 41 | €3,646 | €3,589 | -€57 | -1.6% |
| Cash at bank and in hand | 54/58 | €11,749 | €27,280 | +€15,531 | +132% |
| Deferred charges and accrued income | 490/1 | - | €1,280 | +€1,280 | |
| Total equity and liabilities | 10/49 | €68,093 | €95,099 | +€27,007 | +39.7% |
| Equity | 10/15 | €22,163 | €38,990 | +€16,827 | +75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,563 | €20,390 | +€16,827 | +472% |
| Distributable reserves | 133 | €3,563 | €20,390 | +€16,827 | +472% |
| Amounts payable | 17/49 | €45,929 | €56,109 | +€10,180 | +22.2% |
| Amounts payable within one year | 42/48 | €45,929 | €56,109 | +€10,180 | +22.2% |
| Trade debts | 44 | €18,324 | €20,403 | +€2,079 | +11.3% |
| Suppliers | 440/4 | €18,324 | €20,403 | +€2,079 | +11.3% |
| Taxes, remuneration and social security | 45 | €1,040 | €7,613 | +€6,573 | +632% |
| Taxes | 450/3 | €1,040 | €7,613 | +€6,573 | +632% |
| Other amounts payable | 47/48 | €26,566 | €28,093 | +€1,527 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €1,159 | +€783 | +208% |
| Other operating charges | 640/8 | €1,686 | €1,977 | +€291 | +17.2% |
| Gross operating margin | 9900 | €24,058 | €29,134 | +€5,075 | +21.1% |
| Operating profit (loss) | 9901 | €21,996 | €25,997 | +€4,001 | +18.2% |
| Financial income | 75/76B | €159 | €21 | -€138 | -86.6% |
| Recurring financial income | 75 | €159 | €21 | -€138 | -86.6% |
| Financial charges | 65/66B | €847 | €2,953 | +€2,106 | +248% |
| Recurring financial charges | 65 | €847 | €2,953 | +€2,106 | +248% |
| Profit (loss) for the period before taxes | 9903 | €21,308 | €23,065 | +€1,758 | +8.2% |
| Income taxes | 67/77 | €927 | €6,238 | +€5,312 | +573% |
| Profit (loss) for the period | 9904 | €20,381 | €16,827 | -€3,554 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,381 | €16,827 | -€3,554 | -17.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.