G. DEGRANDE & C°: 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.
G. DEGRANDE & C°
Largest movements
- Tangible fixed assets -€29,566
down €29,566 (-10.3%), from €286,891 to €257,325
of which Other tangible fixed assets: -€18,380
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Cash -€9,819
down €9,819 (-49.6%), from €19,794 to €9,975
mainly Trade debts (-€26,645) and Provisions (-€19,954)
- Trade debts -€26,645
down €26,645 (-57.0%), from €46,725 to €20,080
- Provisions -€19,954
down €19,954 (-19.8%), from €100,649 to €80,695
of which Provisions for liabilities and charges: -€17,586
- Reserves -€4,597
down €4,597 (-3.6%), from €126,324 to €121,727
of which Tax-exempt reserves: -€4,597
- Gross operating margin -€18,926
down €18,926, from €14,106 to -€4,820
- Provisions -€9,675
down €9,675 (-122%), from -€7,911 to -€17,586
- Depreciation -€4,901
down €4,901 (-20.0%), from €24,560 to €19,659
- Staff costs -€1,871
no longer reported in 2025 (was €1,871)
- Write-downs +€512
new in 2025: €512
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 | €344,459 | €295,446 | -€49,013 | -14.2% |
| Fixed assets | 21/28 | €286,891 | €257,325 | -€29,566 | -10.3% |
| Tangible fixed assets | 22/27 | €286,891 | €257,325 | -€29,566 | -10.3% |
| Land and buildings | 22 | €55,028 | €55,028 | = | 0.0% |
| Furniture and vehicles | 24 | €13,708 | €2,522 | -€11,186 | -81.6% |
| Other tangible fixed assets | 26 | €218,155 | €199,775 | -€18,380 | -8.4% |
| Current assets | 29/58 | €57,569 | €38,122 | -€19,447 | -33.8% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €25,313 | €28,147 | +€2,834 | +11.2% |
| Trade receivables | 40 | €5,646 | €19,157 | +€13,511 | +239% |
| Other amounts receivable | 41 | €19,667 | €8,990 | -€10,677 | -54.3% |
| Cash at bank and in hand | 54/58 | €19,794 | €9,975 | -€9,819 | -49.6% |
| Deferred charges and accrued income | 490/1 | €2,462 | - | -€2,462 | |
| Total equity and liabilities | 10/49 | €344,459 | €295,446 | -€49,013 | -14.2% |
| Equity | 10/15 | €182,896 | €177,435 | -€5,462 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,324 | €121,727 | -€4,597 | -3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,755 | €78,157 | -€4,597 | -5.6% |
| Distributable reserves | 133 | €41,709 | €41,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,972 | €37,108 | -€864 | -2.3% |
| Provisions and deferred taxes | 16 | €100,649 | €80,695 | -€19,954 | -19.8% |
| Provisions for liabilities and charges | 160/5 | €58,036 | €40,450 | -€17,586 | -30.3% |
| Major repairs and maintenance | 162 | €21,250 | €21,250 | = | 0.0% |
| Other liabilities and charges | 164/5 | €36,786 | €19,200 | -€17,586 | -47.8% |
| Deferred taxes | 168 | €42,612 | €40,245 | -€2,367 | -5.6% |
| Amounts payable | 17/49 | €60,915 | €37,317 | -€23,598 | -38.7% |
| Amounts payable within one year | 42/48 | €60,915 | €36,917 | -€23,998 | -39.4% |
| Trade debts | 44 | €46,725 | €20,080 | -€26,645 | -57.0% |
| Suppliers | 440/4 | €46,725 | €20,080 | -€26,645 | -57.0% |
| Taxes, remuneration and social security | 45 | €293 | €202 | -€91 | -31.1% |
| Taxes | 450/3 | €293 | €202 | -€91 | -31.1% |
| Other amounts payable | 47/48 | €13,897 | €16,636 | +€2,739 | +19.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €1,871 | - | -€1,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,560 | €19,659 | -€4,901 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €512 | +€512 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,911 | -€17,586 | -€9,675 | -122% |
| Other operating charges | 640/8 | €1,723 | €1,337 | -€386 | -22.4% |
| Gross operating margin | 9900 | €14,106 | -€4,820 | -€18,926 | |
| Operating profit (loss) | 9901 | -€6,138 | -€8,741 | -€2,604 | -42.4% |
| Financial income | 75/76B | €1,487 | €1,198 | -€289 | -19.5% |
| Recurring financial income | 75 | €1,487 | €1,198 | -€289 | -19.5% |
| Financial charges | 65/66B | €86 | €84 | -€2 | -2.2% |
| Recurring financial charges | 65 | €86 | €84 | -€2 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,736 | -€7,627 | -€2,891 | -61.0% |
| Transfer from deferred taxes | 780 | €2,367 | €2,367 | = | 0.0% |
| Income taxes | 67/77 | €293 | €202 | -€91 | -31.1% |
| Profit (loss) for the period | 9904 | -€2,662 | -€5,462 | -€2,800 | -105% |
| Transfer from tax-exempt reserves | 789 | €4,597 | €4,597 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,936 | -€864 | -€2,800 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.