De Greef M&C: what changed
De Greef M&C
Largest movements
- Tangible fixed assets -€6,862
down €6,862 (-23.0%), from €29,816 to €22,954
of which Furniture and vehicles: -€7,626
- Receivables within one year +€1,113
up €1,113 (+19.8%), from €5,609 to €6,721
of which Trade receivables: +€1,000
- Reserves -€6,729
down €6,729 (-41.1%), from €16,385 to €9,656
of which Distributable reserves: -€6,729
- Debts after one year -€6,607
down €6,607 (-65.7%), from €10,055 to €3,448
- Other debts +€5,391
up €5,391 (+486%), from €1,109 to €6,500
- Tax, wage and social debts +€963
up €963 (+97.6%), from €987 to €1,950
- Profit (loss) carried forward +€667
up €667 (+13.5%), from -€4,926 to -€4,259
- Gross operating margin +€4,721
up €4,721 (+63.2%), from €7,475 to €12,196
- Depreciation -€1,275
down €1,275 (-12.7%), from €10,024 to €8,749
- Taxes +€791
up €791, from -€181 to €610
- Financial charges -€467
down €467 (-31.9%), from €1,464 to €997
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,421 | €30,456 | -€5,965 | -16.4% |
| Fixed assets | 21/28 | €29,816 | €22,954 | -€6,862 | -23.0% |
| Tangible fixed assets | 22/27 | €29,816 | €22,954 | -€6,862 | -23.0% |
| Plant, machinery and equipment | 23 | €2,890 | €3,653 | +€764 | +26.4% |
| Furniture and vehicles | 24 | €26,927 | €19,301 | -€7,626 | -28.3% |
| Current assets | 29/58 | €6,604 | €7,502 | +€897 | +13.6% |
| Amounts receivable within one year | 40/41 | €5,609 | €6,721 | +€1,113 | +19.8% |
| Trade receivables | 40 | €5,136 | €6,136 | +€1,000 | +19.5% |
| Other amounts receivable | 41 | €473 | €585 | +€113 | +23.8% |
| Cash at bank and in hand | 54/58 | €459 | €219 | -€239 | -52.2% |
| Deferred charges and accrued income | 490/1 | €537 | €561 | +€24 | +4.4% |
| Total equity and liabilities | 10/49 | €36,421 | €30,456 | -€5,965 | -16.4% |
| Equity | 10/15 | €17,659 | €11,596 | -€6,062 | -34.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,385 | €9,656 | -€6,729 | -41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,525 | €7,796 | -€6,729 | -46.3% |
| Profit (loss) carried forward | 14 | -€4,926 | -€4,259 | +€667 | +13.5% |
| Amounts payable | 17/49 | €18,762 | €18,859 | +€98 | +0.5% |
| Amounts payable after more than one year | 17 | €10,055 | €3,448 | -€6,607 | -65.7% |
| Financial debts | 170/4 | €10,055 | €3,448 | -€6,607 | -65.7% |
| Amounts payable within one year | 42/48 | €8,707 | €15,411 | +€6,704 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €6,237 | €6,607 | +€369 | +5.9% |
| Trade debts | 44 | €374 | €354 | -€20 | -5.3% |
| Suppliers | 440/4 | €374 | €354 | -€20 | -5.3% |
| Taxes, remuneration and social security | 45 | €987 | €1,950 | +€963 | +97.6% |
| Taxes | 450/3 | €987 | €1,950 | +€963 | +97.6% |
| Other amounts payable | 47/48 | €1,109 | €6,500 | +€5,391 | +486% |
| Remuneration, social security and pensions | 62 | €113 | €169 | +€56 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,024 | €8,749 | -€1,275 | -12.7% |
| Other operating charges | 640/8 | €981 | €1,003 | +€22 | +2.3% |
| Gross operating margin | 9900 | €7,475 | €12,196 | +€4,721 | +63.2% |
| Operating profit (loss) | 9901 | -€3,643 | €2,274 | +€5,917 | |
| Financial charges | 65/66B | €1,464 | €997 | -€467 | -31.9% |
| Recurring financial charges | 65 | €1,464 | €997 | -€467 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,107 | €1,277 | +€6,384 | |
| Income taxes | 67/77 | -€181 | €610 | +€791 | |
| Profit (loss) for the period | 9904 | -€4,926 | €667 | +€5,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,926 | €667 | +€5,593 |
Next steps
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 4 November 2026 via checked.be.