BENOIT GRAULS MANAGEMENT: 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.
BENOIT GRAULS MANAGEMENT
Largest movements
- Cash -€2,809
down €2,809 (-44.3%), from €6,342 to €3,533
mainly Current portion of long-term debt (-€2,675) and Tax, wage and social debts (-€2,067)
- Receivables within one year -€1,801
down €1,801 (-21.6%), from €8,336 to €6,535
of which Other amounts receivable: -€2,567
- Tangible fixed assets -€474
down €474 (-58.0%), from €817 to €343
- Current portion of long-term debt -€2,675
down €2,675 (-100%), from €2,675 to €0
- Tax, wage and social debts -€2,067
down €2,067 (-44.4%), from €4,655 to €2,589
- Accrued charges and deferred income -€1,200
down €1,200 (-43.6%), from €2,750 to €1,550
- Profit (loss) carried forward +€954
up €954 (+58.8%), from €1,622 to €2,576
- Depreciation -€1,006
down €1,006 (-68.0%), from €1,480 to €474
- Other operating charges +€403
up €403 (+105%), from €384 to €787
- Gross operating margin +€157
up €157 (+8.0%), from €1,974 to €2,131
- Financial income -€111
down €111 (-38.6%), from €289 to €177
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 | €15,681 | €10,562 | -€5,119 | -32.6% |
| Fixed assets | 21/28 | €817 | €343 | -€474 | -58.0% |
| Tangible fixed assets | 22/27 | €817 | €343 | -€474 | -58.0% |
| Furniture and vehicles | 24 | €817 | €343 | -€474 | -58.0% |
| Current assets | 29/58 | €14,864 | €10,219 | -€4,645 | -31.3% |
| Amounts receivable within one year | 40/41 | €8,336 | €6,535 | -€1,801 | -21.6% |
| Trade receivables | 40 | €2,831 | €3,597 | +€766 | +27.1% |
| Other amounts receivable | 41 | €5,505 | €2,938 | -€2,567 | -46.6% |
| Cash at bank and in hand | 54/58 | €6,342 | €3,533 | -€2,809 | -44.3% |
| Deferred charges and accrued income | 490/1 | €186 | €151 | -€35 | -19.0% |
| Total equity and liabilities | 10/49 | €15,681 | €10,562 | -€5,119 | -32.6% |
| Equity | 10/15 | €4,622 | €5,576 | +€954 | +20.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,622 | €2,576 | +€954 | +58.8% |
| Amounts payable | 17/49 | €11,059 | €4,986 | -€6,073 | -54.9% |
| Amounts payable within one year | 42/48 | €8,309 | €3,436 | -€4,873 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €2,675 | €0 | -€2,675 | -100% |
| Trade debts | 44 | €979 | €848 | -€132 | -13.4% |
| Suppliers | 440/4 | €979 | €848 | -€132 | -13.4% |
| Taxes, remuneration and social security | 45 | €4,655 | €2,589 | -€2,067 | -44.4% |
| Taxes | 450/3 | €4,655 | €2,589 | -€2,067 | -44.4% |
| Accrued charges and deferred income | 492/3 | €2,750 | €1,550 | -€1,200 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €474 | -€1,006 | -68.0% |
| Other operating charges | 640/8 | €384 | €787 | +€403 | +105% |
| Gross operating margin | 9900 | €1,974 | €2,131 | +€157 | +8.0% |
| Operating profit (loss) | 9901 | €109 | €870 | +€761 | +696% |
| Financial income | 75/76B | €289 | €177 | -€111 | -38.6% |
| Recurring financial income | 75 | €289 | €177 | -€111 | -38.6% |
| Financial charges | 65/66B | €96 | €93 | -€2 | -2.4% |
| Recurring financial charges | 65 | €96 | €93 | -€2 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €302 | €954 | +€652 | +216% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €302 | €954 | +€652 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €302 | €954 | +€652 | +216% |
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 19 October 2026 via checked.be.