12 GRAND CERF: what changed
What changed
12 GRAND CERF
NACE 47.793, Retail sale of other second-hand goods, excluding clothing
filed annual accounts (NBB)
Net result for the year
-€560,386
2024 · €63,596-€623,982
Equity
-€722,918
2024 · -€162,532-€560,386
Cash
€103,941
2024 · €43,812+€60,129
Balance sheet total
€517,715
2024 · €1.6m-€1.1m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-91.2%), from €1.3m to €112,837
of which Trade receivables: -€1.2m
- Cash +€60,129
up €60,129 (+137%), from €43,812 to €103,941
mainly Receivables within one year (+€1.2m) and Tax, wage and social debts (+€6,578)
Equity and liabilities
- Profit (loss) carried forward -€560,386
down €560,386 (-115%), from -€489,282 to -€1.0m
- Trade debts -€550,728
down €550,728 (-59.5%), from €926,191 to €375,463
Income statement
- Gross operating margin -€599,322
down €599,322, from €302,330 to -€296,993
- Financial charges +€36,815
up €36,815 (+198%), from €18,571 to €55,386
- Financial income +€10,143
up €10,143 (+38.7%), from €26,230 to €36,373
- Other operating charges +€5,491
up €5,491 (+41.3%), from €13,309 to €18,800
- Depreciation -€3,899
down €3,899 (-59.7%), from €6,535 to €2,636
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.
Result 2024
€63,596
Gross operating margin
-€599,322
Staff costs
+€3,465
Depreciation
+€3,899
Other operating charges
-€5,491
Financial income
+€10,143
Financial charges
-€36,815
Taxes
+€140
Result 2025
-€560,386
raises the resultlowers the result
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.
From operations
+€61,228
Investment
-€1,099
Financing
€0
Cash 2024
€43,812
From operations (derived)
+€61,228
Net result for the year
-€560,386
Depreciation
+€2,636
Receivables within one year
+€1.2m
Smaller working-capital items
-€2,609
Trade debts
-€550,728
Tax, wage and social debts
+€6,578
Investment (derived)
-€1,099
Investment in fixed assets (net)
-€1,099
Cash 2025
€103,941
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,623,956 | €517,715 | -€1.1m | -68.1% |
| Fixed assets | 21/28 | €5,391 | €3,854 | -€1,537 | -28.5% |
| Tangible fixed assets | 22/27 | €3,789 | €2,252 | -€1,537 | -40.6% |
| Furniture and vehicles | 24 | €2,665 | €2,252 | -€413 | -15.5% |
| Other tangible fixed assets | 26 | €1,124 | €0 | -€1,124 | -100% |
| Financial fixed assets | 28 | €1,602 | €1,602 | = | 0.0% |
| Current assets | 29/58 | €1,618,566 | €513,861 | -€1.1m | -68.3% |
| Stocks and contracts in progress | 3 | €296,180 | €296,180 | = | 0.0% |
| Stocks | 30/36 | €296,180 | €296,180 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,278,574 | €112,837 | -€1.2m | -91.2% |
| Trade receivables | 40 | €1,258,755 | €100,046 | -€1.2m | -92.1% |
| Other amounts receivable | 41 | €19,819 | €12,791 | -€7,028 | -35.5% |
| Cash at bank and in hand | 54/58 | €43,812 | €103,941 | +€60,129 | +137% |
| Deferred charges and accrued income | 490/1 | €0 | €904 | +€904 | |
| Total equity and liabilities | 10/49 | €1,623,956 | €517,715 | -€1.1m | -68.1% |
| Equity | 10/15 | -€162,532 | -€722,918 | -€560,386 | -345% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €46,750 | €46,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,000 | €28,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€489,282 | -€1,049,668 | -€560,386 | -115% |
| Amounts payable | 17/49 | €1,786,488 | €1,240,633 | -€545,856 | -30.6% |
| Amounts payable within one year | 42/48 | €1,784,868 | €1,240,633 | -€544,236 | -30.5% |
| Trade debts | 44 | €926,191 | €375,463 | -€550,728 | -59.5% |
| Suppliers | 440/4 | €926,191 | €375,463 | -€550,728 | -59.5% |
| Taxes, remuneration and social security | 45 | €26,773 | €33,350 | +€6,578 | +24.6% |
| Taxes | 450/3 | €6,377 | €1,974 | -€4,403 | -69.0% |
| Remuneration and social security | 454/9 | €20,395 | €31,377 | +€10,981 | +53.8% |
| Other amounts payable | 47/48 | €831,905 | €831,820 | -€85 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,620 | €0 | -€1,620 | -100% |
| Remuneration, social security and pensions | 62 | €226,409 | €222,944 | -€3,465 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,535 | €2,636 | -€3,899 | -59.7% |
| Other operating charges | 640/8 | €13,309 | €18,800 | +€5,491 | +41.3% |
| Gross operating margin | 9900 | €302,330 | -€296,993 | -€599,322 | |
| Operating profit (loss) | 9901 | €56,077 | -€541,372 | -€597,449 | |
| Financial income | 75/76B | €26,230 | €36,373 | +€10,143 | +38.7% |
| Recurring financial income | 75 | €26,230 | €36,373 | +€10,143 | +38.7% |
| Financial charges | 65/66B | €18,571 | €55,386 | +€36,815 | +198% |
| Recurring financial charges | 65 | €18,571 | €55,386 | +€36,815 | +198% |
| Profit (loss) for the period before taxes | 9903 | €63,736 | -€560,386 | -€624,122 | |
| Income taxes | 67/77 | €140 | €0 | -€140 | -100% |
| Profit (loss) for the period | 9904 | €63,596 | -€560,386 | -€623,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,596 | -€560,386 | -€623,982 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 7 November 2026 via checked.be.