DE GRAVE ENGINEERING: what changed
Two fiscal 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.
DE GRAVE ENGINEERING
Largest movements
- Tangible fixed assets -€13,871
down €13,871 (-29.3%), from €47,343 to €33,472
of which Furniture and vehicles: -€13,569
- Cash +€3,745
up €3,745 (+5.0%), from €74,248 to €77,993
mainly Net result for the year (+€103,710) and Depreciation (+€13,871)
- Debts after one year -€10,145
down €10,145 (-47.1%), from €21,562 to €11,417
- Tax, wage and social debts +€4,366
up €4,366 (+5.5%), from €79,419 to €83,784
- Other debts -€2,479
down €2,479 (-3.2%), from €77,533 to €75,054
- Gross operating margin -€8,455
down €8,455 (-5.3%), from €159,603 to €151,148
- Taxes -€5,623
down €5,623 (-15.0%), from €37,385 to €31,762
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,490 | €195,741 | -€9,749 | -4.7% |
| Fixed assets | 21/28 | €47,343 | €33,472 | -€13,871 | -29.3% |
| Tangible fixed assets | 22/27 | €47,343 | €33,472 | -€13,871 | -29.3% |
| Plant, machinery and equipment | 23 | €6,302 | €6,000 | -€302 | -4.8% |
| Furniture and vehicles | 24 | €41,041 | €27,472 | -€13,569 | -33.1% |
| Current assets | 29/58 | €158,147 | €162,268 | +€4,121 | +2.6% |
| Amounts receivable within one year | 40/41 | €83,898 | €84,275 | +€377 | +0.4% |
| Trade receivables | 40 | €83,898 | €84,275 | +€377 | +0.4% |
| Cash at bank and in hand | 54/58 | €74,248 | €77,993 | +€3,745 | +5.0% |
| Total equity and liabilities | 10/49 | €205,490 | €195,741 | -€9,749 | -4.7% |
| Equity | 10/15 | €14,848 | €14,858 | +€10 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €588 | €598 | +€10 | +1.7% |
| Amounts payable | 17/49 | €190,642 | €180,882 | -€9,759 | -5.1% |
| Amounts payable after more than one year | 17 | €21,562 | €11,417 | -€10,145 | -47.1% |
| Financial debts | 170/4 | €21,562 | €11,417 | -€10,145 | -47.1% |
| Amounts payable within one year | 42/48 | €169,080 | €169,465 | +€386 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €9,781 | €10,145 | +€364 | +3.7% |
| Trade debts | 44 | €2,347 | €482 | -€1,865 | -79.5% |
| Suppliers | 440/4 | €2,347 | €482 | -€1,865 | -79.5% |
| Taxes, remuneration and social security | 45 | €79,419 | €83,784 | +€4,366 | +5.5% |
| Taxes | 450/3 | €79,419 | €83,784 | +€4,366 | +5.5% |
| Other amounts payable | 47/48 | €77,533 | €75,054 | -€2,479 | -3.2% |
| Non-recurring operating income | 76A | €9,050 | - | -€9,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,620 | €13,871 | +€251 | +1.8% |
| Other operating charges | 640/8 | €952 | €594 | -€358 | -37.6% |
| Gross operating margin | 9900 | €159,603 | €151,148 | -€8,455 | -5.3% |
| Operating profit (loss) | 9901 | €145,032 | €136,684 | -€8,348 | -5.8% |
| Financial income | 75/76B | €56 | €0 | -€56 | -99.8% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -99.8% |
| Financial charges | 65/66B | €1,489 | €1,212 | -€278 | -18.6% |
| Recurring financial charges | 65 | €1,468 | €1,202 | -€266 | -18.1% |
| Non-recurring financial charges | 66B | €21 | €10 | -€12 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €143,598 | €135,472 | -€8,126 | -5.7% |
| Income taxes | 67/77 | €37,385 | €31,762 | -€5,623 | -15.0% |
| Profit (loss) for the period | 9904 | €106,213 | €103,710 | -€2,503 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,213 | €103,710 | -€2,503 | -2.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.