The Grasshopper Brussels: 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.
The Grasshopper Brussels
Largest movements
- Intangible fixed assets -€90,000
down €90,000 (-19.5%), from €462,646 to €372,646
- Stocks and contracts +€47,263
up €47,263 (+25.6%), from €184,514 to €231,777
- Other debts +€207,356
up €207,356 (+114%), from €182,264 to €389,621
- Debts after one year -€127,409
down €127,409 (-34.7%), from €366,904 to €239,495
- Reserves -€122,055
down €122,055 (-42.5%), from €286,872 to €164,817
- Tax, wage and social debts +€47,509
up €47,509 (+66.7%), from €71,271 to €118,780
of which Taxes: +€46,827
- Current portion of long-term debt -€30,861
down €30,861 (-19.5%), from €158,270 to €127,409
- Gross operating margin +€146,005
up €146,005 (+20.4%), from €714,949 to €860,954
- Taxes +€47,323
up €47,323 (+50.7%), from €93,314 to €140,637
- Financial charges +€14,220
up €14,220 (+143%), from €9,940 to €24,160
- Staff costs +€11,704
up €11,704 (+5.3%), from €220,848 to €232,552
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 | €1,176,709 | €1,154,248 | -€22,462 | -1.9% |
| Fixed assets | 21/28 | €543,787 | €451,260 | -€92,527 | -17.0% |
| Intangible fixed assets | 21 | €462,646 | €372,646 | -€90,000 | -19.5% |
| Tangible fixed assets | 22/27 | €81,141 | €78,613 | -€2,527 | -3.1% |
| Plant, machinery and equipment | 23 | €2,288 | €1,469 | -€819 | -35.8% |
| Furniture and vehicles | 24 | €39,726 | €26,547 | -€13,179 | -33.2% |
| Other tangible fixed assets | 26 | €39,127 | €50,597 | +€11,471 | +29.3% |
| Current assets | 29/58 | €632,922 | €702,988 | +€70,066 | +11.1% |
| Stocks and contracts in progress | 3 | €184,514 | €231,777 | +€47,263 | +25.6% |
| Stocks | 30/36 | €184,514 | €231,777 | +€47,263 | +25.6% |
| Amounts receivable within one year | 40/41 | €2,931 | €14,413 | +€11,482 | +392% |
| Trade receivables | 40 | €427 | €2,513 | +€2,086 | +488% |
| Other amounts receivable | 41 | €2,504 | €11,900 | +€9,396 | +375% |
| Cash at bank and in hand | 54/58 | €445,477 | €455,728 | +€10,250 | +2.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,070 | +€1,070 | |
| Total equity and liabilities | 10/49 | €1,176,709 | €1,154,248 | -€22,462 | -1.9% |
| Equity | 10/15 | €306,872 | €184,817 | -€122,055 | -39.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €286,872 | €164,817 | -€122,055 | -42.5% |
| Distributable reserves | 133 | €286,872 | €164,817 | -€122,055 | -42.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €869,838 | €969,431 | +€99,594 | +11.4% |
| Amounts payable after more than one year | 17 | €366,904 | €239,495 | -€127,409 | -34.7% |
| Financial debts | 170/4 | €366,904 | €239,495 | -€127,409 | -34.7% |
| Amounts payable within one year | 42/48 | €502,933 | €729,936 | +€227,003 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €158,270 | €127,409 | -€30,861 | -19.5% |
| Trade debts | 44 | €91,128 | €94,126 | +€2,998 | +3.3% |
| Suppliers | 440/4 | €91,128 | €94,126 | +€2,998 | +3.3% |
| Taxes, remuneration and social security | 45 | €71,271 | €118,780 | +€47,509 | +66.7% |
| Taxes | 450/3 | €71,268 | €118,095 | +€46,827 | +65.7% |
| Remuneration and social security | 454/9 | €3 | €686 | +€682 | +21,063% |
| Other amounts payable | 47/48 | €182,264 | €389,621 | +€207,356 | +114% |
| Remuneration, social security and pensions | 62 | €220,848 | €232,552 | +€11,704 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,451 | €109,526 | -€925 | -0.8% |
| Other operating charges | 640/8 | €2,909 | €3,225 | +€315 | +10.8% |
| Gross operating margin | 9900 | €714,949 | €860,954 | +€146,005 | +20.4% |
| Operating profit (loss) | 9901 | €380,740 | €515,650 | +€134,910 | +35.4% |
| Financial income | 75/76B | €9,142 | €13,964 | +€4,821 | +52.7% |
| Recurring financial income | 75 | €9,142 | €13,964 | +€4,821 | +52.7% |
| Financial charges | 65/66B | €9,940 | €24,160 | +€14,220 | +143% |
| Recurring financial charges | 65 | €9,940 | €24,160 | +€14,220 | +143% |
| Profit (loss) for the period before taxes | 9903 | €379,942 | €505,454 | +€125,511 | +33.0% |
| Income taxes | 67/77 | €93,314 | €140,637 | +€47,323 | +50.7% |
| Profit (loss) for the period | 9904 | €286,629 | €364,817 | +€78,188 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €286,629 | €364,817 | +€78,188 | +27.3% |
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.