FERME DE GRINDAEL: 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.
FERME DE GRINDAEL
Largest movements
- Current investments -€136,446
down €136,446 (-42.9%), from €317,872 to €181,426
- Tangible fixed assets -€23,009
down €23,009 (-12.1%), from €189,626 to €166,618
of which Furniture and vehicles: -€12,769
- Receivables within one year -€13,383
down €13,383 (-88.9%), from €15,062 to €1,679
of which Trade receivables: -€14,516
- Cash +€13,090
up €13,090 (+453%), from €2,888 to €15,978
mainly Current investments (+€136,446) and Depreciation (+€22,881)
- Other debts -€83,769
down €83,769 (-70.2%), from €119,390 to €35,621
- Profit (loss) carried forward -€41,483
down €41,483 (-37.4%), from €110,860 to €69,377
- Reserves -€28,390
down €28,390 (-10.9%), from €260,376 to €231,986
- Gross operating margin -€27,373
down €27,373 (-266%), from -€10,303 to -€37,676
- Financial income +€17,575
up €17,575 (+206%), from €8,517 to €26,092
- Financial charges -€9,670
down €9,670 (-97.7%), from €9,894 to €224
- Depreciation +€7,630
up €7,630 (+50.0%), from €15,251 to €22,881
- Other operating charges -€4,721
down €4,721 (-41.6%), from €11,338 to €6,617
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 | €527,703 | €367,050 | -€160,653 | -30.4% |
| Fixed assets | 21/28 | €189,626 | €166,618 | -€23,009 | -12.1% |
| Tangible fixed assets | 22/27 | €189,626 | €166,618 | -€23,009 | -12.1% |
| Land and buildings | 22 | €148,110 | €138,029 | -€10,081 | -6.8% |
| Plant, machinery and equipment | 23 | €428 | €269 | -€159 | -37.1% |
| Furniture and vehicles | 24 | €41,089 | €28,319 | -€12,769 | -31.1% |
| Current assets | 29/58 | €338,077 | €200,432 | -€137,644 | -40.7% |
| Amounts receivable within one year | 40/41 | €15,062 | €1,679 | -€13,383 | -88.9% |
| Trade receivables | 40 | €14,697 | €182 | -€14,516 | -98.8% |
| Other amounts receivable | 41 | €365 | €1,498 | +€1,133 | +310% |
| Current investments | 50/53 | €317,872 | €181,426 | -€136,446 | -42.9% |
| Cash at bank and in hand | 54/58 | €2,888 | €15,978 | +€13,090 | +453% |
| Deferred charges and accrued income | 490/1 | €2,254 | €1,350 | -€904 | -40.1% |
| Total equity and liabilities | 10/49 | €527,703 | €367,050 | -€160,653 | -30.4% |
| Equity | 10/15 | €389,836 | €319,963 | -€69,873 | -17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,376 | €231,986 | -€28,390 | -10.9% |
| Distributable reserves | 133 | €260,376 | €231,986 | -€28,390 | -10.9% |
| Profit (loss) carried forward | 14 | €110,860 | €69,377 | -€41,483 | -37.4% |
| Amounts payable | 17/49 | €137,867 | €47,087 | -€90,780 | -65.8% |
| Amounts payable after more than one year | 17 | - | €1,000 | +€1,000 | |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €137,867 | €46,087 | -€91,780 | -66.6% |
| Trade debts | 44 | €11,725 | €7,919 | -€3,806 | -32.5% |
| Suppliers | 440/4 | €11,725 | €7,919 | -€3,806 | -32.5% |
| Taxes, remuneration and social security | 45 | €6,753 | €2,547 | -€4,205 | -62.3% |
| Taxes | 450/3 | €6,753 | €2,547 | -€4,205 | -62.3% |
| Other amounts payable | 47/48 | €119,390 | €35,621 | -€83,769 | -70.2% |
| Non-recurring operating income | 76A | - | €127 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,251 | €22,881 | +€7,630 | +50.0% |
| Other operating charges | 640/8 | €11,338 | €6,617 | -€4,721 | -41.6% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | -€10,303 | -€37,676 | -€27,373 | -266% |
| Operating profit (loss) | 9901 | -€36,892 | -€67,301 | -€30,409 | -82.4% |
| Financial income | 75/76B | €8,517 | €26,092 | +€17,575 | +206% |
| Recurring financial income | 75 | €8,517 | €26,092 | +€17,575 | +206% |
| Financial charges | 65/66B | €9,894 | €224 | -€9,670 | -97.7% |
| Recurring financial charges | 65 | €9,894 | €224 | -€9,670 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,269 | -€41,433 | -€3,164 | -8.3% |
| Income taxes | 67/77 | €211 | €50 | -€161 | -76.5% |
| Profit (loss) for the period | 9904 | -€38,480 | -€41,483 | -€3,003 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,480 | -€41,483 | -€3,003 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.