GREVA: 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.
GREVA
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets +€104,893
up €104,893 (+33.3%), from €315,328 to €420,221
- Other debts -€32,807
down €32,807 (-30.2%), from €108,606 to €75,800
- Reserves -€14,119
down €14,119 (-4.4%), from €321,834 to €307,715
- Depreciation +€30,725
up €30,725 (+142%), from €21,601 to €52,326
- Taxes -€5,804
down €5,804, from €5,804 to -€0
- Financial income -€5,271
down €5,271 (-93.4%), from €5,644 to €373
- Gross operating margin +€3,724
up €3,724 (+9.7%), from €38,262 to €41,985
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 | €499,459 | €452,361 | -€47,098 | -9.4% |
| Fixed assets | 21/28 | €315,333 | €420,226 | +€104,893 | +33.3% |
| Tangible fixed assets | 22/27 | €315,328 | €420,221 | +€104,893 | +33.3% |
| Land and buildings | 22 | €315,328 | €420,221 | +€104,893 | +33.3% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €184,126 | €32,135 | -€151,991 | -82.5% |
| Amounts receivable within one year | 40/41 | €11,103 | €6,810 | -€4,293 | -38.7% |
| Other amounts receivable | 41 | €11,103 | €6,810 | -€4,293 | -38.7% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €21,822 | €24,339 | +€2,517 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,200 | €985 | -€215 | -17.9% |
| Total equity and liabilities | 10/49 | €499,459 | €452,361 | -€47,098 | -9.4% |
| Equity | 10/15 | €384,084 | €369,965 | -€14,119 | -3.7% |
| Contributions | 10/11 | €62,250 | €62,250 | = | 0.0% |
| Reserves | 13 | €321,834 | €307,715 | -€14,119 | -4.4% |
| Distributable reserves | 133 | €321,834 | €307,715 | -€14,119 | -4.4% |
| Amounts payable | 17/49 | €115,375 | €82,396 | -€32,979 | -28.6% |
| Amounts payable within one year | 42/48 | €113,217 | €78,946 | -€34,271 | -30.3% |
| Trade debts | 44 | €4,611 | €3,147 | -€1,464 | -31.8% |
| Suppliers | 440/4 | €4,611 | €3,147 | -€1,464 | -31.8% |
| Other amounts payable | 47/48 | €108,606 | €75,800 | -€32,807 | -30.2% |
| Accrued charges and deferred income | 492/3 | €2,157 | €3,450 | +€1,292 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,601 | €52,326 | +€30,725 | +142% |
| Other operating charges | 640/8 | €3,868 | €3,990 | +€122 | +3.1% |
| Gross operating margin | 9900 | €38,262 | €41,985 | +€3,724 | +9.7% |
| Operating profit (loss) | 9901 | €12,792 | -€14,331 | -€27,123 | |
| Financial income | 75/76B | €5,644 | €373 | -€5,271 | -93.4% |
| Recurring financial income | 75 | €5,644 | €373 | -€5,271 | -93.4% |
| Financial charges | 65/66B | €154 | €162 | +€8 | +5.1% |
| Recurring financial charges | 65 | €154 | €162 | +€8 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €18,283 | -€14,119 | -€32,402 | |
| Income taxes | 67/77 | €5,804 | -€0 | -€5,804 | |
| Profit (loss) for the period | 9904 | €12,479 | -€14,119 | -€26,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,479 | -€14,119 | -€26,598 |
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.