COREEN GRILL: 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.
COREEN GRILL
Largest movements
- Receivables within one year +€138,097
up €138,097 (+596%), from €23,171 to €161,268
of which Trade receivables: +€140,753
- Tangible fixed assets -€43,371
down €43,371 (-4.9%), from €882,374 to €839,003
of which Land and buildings: -€33,603
- Cash +€11,166
up €11,166 (+29.2%), from €38,196 to €49,362
mainly Trade debts (+€147,937) and Depreciation (+€45,731)
- Trade debts +€147,937
up €147,937 (+678%), from €21,819 to €169,756
- Debts after one year -€46,105
down €46,105 (-9.4%), from €489,140 to €443,034
- Profit (loss) carried forward +€45,048
up €45,048 (+235%), from €19,165 to €64,213
- Other debts -€35,607
down €35,607 (-13.4%), from €265,258 to €229,651
- Staff costs -€39,728
down €39,728 (-53.5%), from €74,277 to €34,549
- Gross operating margin -€28,008
down €28,008 (-14.3%), from €195,546 to €167,539
- Taxes +€9,464
up €9,464 (+84.6%), from €11,185 to €20,649
- Depreciation -€3,399
down €3,399 (-6.9%), from €49,131 to €45,731
- Financial charges -€2,338
down €2,338 (-12.9%), from €18,067 to €15,729
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 | €948,397 | €1,052,584 | +€104,187 | +11.0% |
| Fixed assets | 21/28 | €882,549 | €839,178 | -€43,371 | -4.9% |
| Tangible fixed assets | 22/27 | €882,374 | €839,003 | -€43,371 | -4.9% |
| Land and buildings | 22 | €852,323 | €818,720 | -€33,603 | -3.9% |
| Plant, machinery and equipment | 23 | €5,239 | €5,170 | -€70 | -1.3% |
| Furniture and vehicles | 24 | €24,811 | €15,113 | -€9,698 | -39.1% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €65,848 | €213,406 | +€147,558 | +224% |
| Stocks and contracts in progress | 3 | €3,881 | €2,557 | -€1,324 | -34.1% |
| Stocks | 30/36 | €3,881 | €2,557 | -€1,324 | -34.1% |
| Amounts receivable within one year | 40/41 | €23,171 | €161,268 | +€138,097 | +596% |
| Trade receivables | 40 | €19,617 | €160,371 | +€140,753 | +717% |
| Other amounts receivable | 41 | €3,553 | €897 | -€2,656 | -74.8% |
| Cash at bank and in hand | 54/58 | €38,196 | €49,362 | +€11,166 | +29.2% |
| Deferred charges and accrued income | 490/1 | €600 | €219 | -€381 | -63.4% |
| Total equity and liabilities | 10/49 | €948,397 | €1,052,584 | +€104,187 | +11.0% |
| Equity | 10/15 | €99,165 | €144,213 | +€45,048 | +45.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,165 | €64,213 | +€45,048 | +235% |
| Amounts payable | 17/49 | €849,232 | €908,371 | +€59,139 | +7.0% |
| Amounts payable after more than one year | 17 | €489,140 | €443,034 | -€46,105 | -9.4% |
| Financial debts | 170/4 | €489,140 | €443,034 | -€46,105 | -9.4% |
| Amounts payable within one year | 42/48 | €360,092 | €465,337 | +€105,245 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €44,933 | €45,105 | +€173 | +0.4% |
| Trade debts | 44 | €21,819 | €169,756 | +€147,937 | +678% |
| Suppliers | 440/4 | €21,819 | €169,756 | +€147,937 | +678% |
| Taxes, remuneration and social security | 45 | €28,083 | €20,824 | -€7,258 | -25.8% |
| Taxes | 450/3 | €22,056 | €17,965 | -€4,091 | -18.5% |
| Remuneration and social security | 454/9 | €6,026 | €2,859 | -€3,167 | -52.6% |
| Other amounts payable | 47/48 | €265,258 | €229,651 | -€35,607 | -13.4% |
| Remuneration, social security and pensions | 62 | €74,277 | €34,549 | -€39,728 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,131 | €45,731 | -€3,399 | -6.9% |
| Other operating charges | 640/8 | €4,179 | €5,834 | +€1,655 | +39.6% |
| Gross operating margin | 9900 | €195,546 | €167,539 | -€28,008 | -14.3% |
| Operating profit (loss) | 9901 | €67,960 | €81,424 | +€13,464 | +19.8% |
| Financial income | 75/76B | €182 | €1 | -€181 | -99.4% |
| Recurring financial income | 75 | €182 | €1 | -€181 | -99.4% |
| Financial charges | 65/66B | €18,067 | €15,729 | -€2,338 | -12.9% |
| Recurring financial charges | 65 | €18,067 | €15,729 | -€2,338 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €50,075 | €65,696 | +€15,621 | +31.2% |
| Income taxes | 67/77 | €11,185 | €20,649 | +€9,464 | +84.6% |
| Profit (loss) for the period | 9904 | €38,890 | €45,048 | +€6,158 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,890 | €45,048 | +€6,158 | +15.8% |
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 18 October 2026 via checked.be.