DE GRENADIER: 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.
What changed
DE GRENADIER
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,438
2024 · €45,681-€39,244
Equity
€387,964
2024 · €381,526+€6,438
Cash
€35,066
2024 · €37,880-€2,815
Balance sheet total
€1.0m
2024 · €1.1m-€27,401
Largest movements
Assets
- Tangible fixed assets -€32,809
down €32,809 (-3.3%), from €995,212 to €962,403
of which Land and buildings: -€27,056
Equity and liabilities
- Other debts -€18,641
down €18,641 (-3.5%), from €535,439 to €516,798
- Debts after one year -€17,478
down €17,478 (-22.1%), from €79,076 to €61,598
Income statement
- Gross operating margin -€30,965
down €30,965 (-17.8%), from €174,330 to €143,365
- Depreciation -€8,808
down €8,808 (-17.1%), from €51,363 to €42,556
- Staff costs +€1,754
up €1,754 (+2.8%), from €62,650 to €64,404
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.
Result 2024
€45,681
Gross operating margin
-€30,965
Staff costs
-€1,754
Depreciation
+€8,808
Other operating charges
-€1,244
Other operating items
-€12,415
Financial income
+€8
Financial charges
-€1,682
Taxes
+€0
Result 2025
€6,438
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22,833
Investment
-€9,747
Financing
-€15,901
Cash 2024
€37,880
From operations (derived)
+€22,833
Net result for the year
+€6,438
Depreciation
+€42,556
Stocks and contracts
-€3,916
Receivables within one year
-€3,305
Deferred charges and accrued income
-€1,002
Trade debts
+€9,591
Tax, wage and social debts
-€8,971
Other debts
-€18,641
Accrued charges and deferred income
+€83
Investment (derived)
-€9,747
Investment in fixed assets (net)
-€9,747
Financing
-€15,901
Debts after one year
-€17,478
Current portion of long-term debt
+€1,577
Cash 2025
€35,066
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,051,484 | €1,024,083 | -€27,401 | -2.6% |
| Fixed assets | 21/28 | €995,212 | €962,403 | -€32,809 | -3.3% |
| Tangible fixed assets | 22/27 | €995,212 | €962,403 | -€32,809 | -3.3% |
| Land and buildings | 22 | €954,420 | €927,364 | -€27,056 | -2.8% |
| Plant, machinery and equipment | 23 | €20,200 | €12,402 | -€7,797 | -38.6% |
| Furniture and vehicles | 24 | €20,593 | €22,637 | +€2,045 | +9.9% |
| Current assets | 29/58 | €56,272 | €61,680 | +€5,408 | +9.6% |
| Stocks and contracts in progress | 3 | €10,357 | €14,272 | +€3,916 | +37.8% |
| Stocks | 30/36 | €10,357 | €14,272 | +€3,916 | +37.8% |
| Amounts receivable within one year | 40/41 | €1,095 | €4,401 | +€3,305 | +302% |
| Trade receivables | 40 | €734 | €3,874 | +€3,141 | +428% |
| Other amounts receivable | 41 | €362 | €526 | +€164 | +45.4% |
| Cash at bank and in hand | 54/58 | €37,880 | €35,066 | -€2,815 | -7.4% |
| Deferred charges and accrued income | 490/1 | €6,939 | €7,941 | +€1,002 | +14.4% |
| Total equity and liabilities | 10/49 | €1,051,484 | €1,024,083 | -€27,401 | -2.6% |
| Equity | 10/15 | €381,526 | €387,964 | +€6,438 | +1.7% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €24,696 | €24,696 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,196 | €3,196 | = | 0.0% |
| Distributable reserves | 133 | €21,500 | €21,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,169 | -€156,732 | +€6,438 | +3.9% |
| Amounts payable | 17/49 | €669,958 | €636,119 | -€33,839 | -5.1% |
| Amounts payable after more than one year | 17 | €79,076 | €61,598 | -€17,478 | -22.1% |
| Financial debts | 170/4 | €79,076 | €61,598 | -€17,478 | -22.1% |
| Amounts payable within one year | 42/48 | €590,812 | €574,368 | -€16,444 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €37,067 | €38,644 | +€1,577 | +4.3% |
| Trade debts | 44 | €9,335 | €18,926 | +€9,591 | +103% |
| Suppliers | 440/4 | €9,335 | €18,926 | +€9,591 | +103% |
| Taxes, remuneration and social security | 45 | €8,971 | - | -€8,971 | |
| Taxes | 450/3 | €3,977 | - | -€3,977 | |
| Remuneration and social security | 454/9 | €4,993 | - | -€4,993 | |
| Other amounts payable | 47/48 | €535,439 | €516,798 | -€18,641 | -3.5% |
| Accrued charges and deferred income | 492/3 | €70 | €153 | +€83 | +119% |
| Non-recurring operating income | 76A | €6,438 | - | -€6,438 | |
| Remuneration, social security and pensions | 62 | €62,650 | €64,404 | +€1,754 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,363 | €42,556 | -€8,808 | -17.1% |
| Other operating charges | 640/8 | €10,381 | €11,625 | +€1,244 | +12.0% |
| Non-recurring operating charges | 66A | - | €12,415 | +€12,415 | |
| Gross operating margin | 9900 | €174,330 | €143,365 | -€30,965 | -17.8% |
| Operating profit (loss) | 9901 | €49,935 | €12,366 | -€37,570 | -75.2% |
| Financial income | 75/76B | €2 | €10 | +€8 | +386% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +386% |
| Financial charges | 65/66B | €4,256 | €5,938 | +€1,682 | +39.5% |
| Recurring financial charges | 65 | €4,256 | €5,938 | +€1,682 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €45,682 | €6,438 | -€39,244 | -85.9% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -50.0% |
| Profit (loss) for the period | 9904 | €45,681 | €6,438 | -€39,244 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,681 | €6,438 | -€39,244 | -85.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.