Ferme de Graux: what changed
Ferme de Graux
Largest movements
- Stocks and contracts +€17,756
up €17,756 (+350%), from €5,069 to €22,826
- Receivables within one year -€13,696
down €13,696 (-51.6%), from €26,554 to €12,857
of which Trade receivables: -€8,982
- Tangible fixed assets -€8,179
down €8,179 (-30.3%), from €26,971 to €18,792
of which Furniture and vehicles: -€5,136
- Cash +€5,301
up €5,301 (+14.0%), from €37,829 to €43,129
mainly Receivables within one year (+€13,696) and Depreciation (+€8,278)
- Reserves +€6,400
up €6,400 (+36.2%), from €17,674 to €24,074
- Trade debts -€4,233
down €4,233 (-46.9%), from €9,021 to €4,788
- Gross operating margin -€2,593
down €2,593 (-13.1%), from €19,722 to €17,130
- Taxes -€1,027
down €1,027 (-30.0%), from €3,430 to €2,403
- Depreciation -€871
down €871 (-9.5%), from €9,149 to €8,278
- Financial income -€263
down €263 (-44.8%), from €587 to €324
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 | €100,268 | €101,344 | +€1,076 | +1.1% |
| Fixed assets | 21/28 | €29,967 | €21,689 | -€8,278 | -27.6% |
| Intangible fixed assets | 21 | €296 | €197 | -€99 | -33.3% |
| Tangible fixed assets | 22/27 | €26,971 | €18,792 | -€8,179 | -30.3% |
| Land and buildings | 22 | €13,610 | €12,559 | -€1,051 | -7.7% |
| Plant, machinery and equipment | 23 | €3,098 | €1,106 | -€1,992 | -64.3% |
| Furniture and vehicles | 24 | €10,262 | €5,126 | -€5,136 | -50.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €70,301 | €79,655 | +€9,354 | +13.3% |
| Stocks and contracts in progress | 3 | €5,069 | €22,826 | +€17,756 | +350% |
| Stocks | 30/36 | €5,069 | €22,826 | +€17,756 | +350% |
| Amounts receivable within one year | 40/41 | €26,554 | €12,857 | -€13,696 | -51.6% |
| Trade receivables | 40 | €21,742 | €12,760 | -€8,982 | -41.3% |
| Other amounts receivable | 41 | €4,811 | €97 | -€4,714 | -98.0% |
| Cash at bank and in hand | 54/58 | €37,829 | €43,129 | +€5,301 | +14.0% |
| Deferred charges and accrued income | 490/1 | €850 | €843 | -€7 | -0.8% |
| Total equity and liabilities | 10/49 | €100,268 | €101,344 | +€1,076 | +1.1% |
| Equity | 10/15 | €81,420 | €87,832 | +€6,412 | +7.9% |
| Contributions | 10/11 | €6,247 | €6,247 | = | 0.0% |
| Reserves | 13 | €17,674 | €24,074 | +€6,400 | +36.2% |
| Distributable reserves | 133 | €17,674 | €24,074 | +€6,400 | +36.2% |
| Profit (loss) carried forward | 14 | €57,499 | €57,511 | +€12 | 0.0% |
| Amounts payable | 17/49 | €18,848 | €13,512 | -€5,336 | -28.3% |
| Amounts payable within one year | 42/48 | €18,848 | €13,512 | -€5,336 | -28.3% |
| Trade debts | 44 | €9,021 | €4,788 | -€4,233 | -46.9% |
| Suppliers | 440/4 | €9,021 | €4,788 | -€4,233 | -46.9% |
| Taxes, remuneration and social security | 45 | €2,360 | €2,168 | -€191 | -8.1% |
| Taxes | 450/3 | €2,360 | €2,168 | -€191 | -8.1% |
| Other amounts payable | 47/48 | €7,467 | €6,555 | -€912 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,149 | €8,278 | -€871 | -9.5% |
| Other operating charges | 640/8 | €155 | €106 | -€49 | -31.5% |
| Gross operating margin | 9900 | €19,722 | €17,130 | -€2,593 | -13.1% |
| Operating profit (loss) | 9901 | €10,418 | €8,746 | -€1,672 | -16.1% |
| Financial income | 75/76B | €587 | €324 | -€263 | -44.8% |
| Recurring financial income | 75 | €587 | €324 | -€263 | -44.8% |
| Financial charges | 65/66B | €204 | €255 | +€51 | +25.2% |
| Recurring financial charges | 65 | €204 | €255 | +€51 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €10,801 | €8,814 | -€1,987 | -18.4% |
| Income taxes | 67/77 | €3,430 | €2,403 | -€1,027 | -30.0% |
| Profit (loss) for the period | 9904 | €7,371 | €6,412 | -€959 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,371 | €6,412 | -€959 | -13.0% |
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 7 November 2026 via checked.be.