GESTION B. GRIGNARD: 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.
GESTION B. GRIGNARD
Largest movements
- Receivables within one year -€1,616
down €1,616 (-18.1%), from €8,953 to €7,337
of which Trade receivables: -€1,617
- Tangible fixed assets +€1,027
up €1,027 (+25.4%), from €4,044 to €5,071
- Deferred charges and accrued income +€807
up €807 (+43.2%), from €1,867 to €2,674
- Debts after one year -€4,749
down €4,749 (-62.5%), from €7,594 to €2,845
- Tax, wage and social debts +€3,586
up €3,586 (+145%), from €2,479 to €6,065
of which Taxes: +€1,880
- Profit (loss) carried forward +€1,844
up €1,844 (+201%), from €918 to €2,762
- Accrued charges and deferred income -€364
no longer reported in 2025 (was €364)
- Trade debts -€228
down €228 (-11.0%), from €2,078 to €1,850
- Staff costs +€3,912
up €3,912 (+14.1%), from €27,788 to €31,700
- Gross operating margin -€1,738
down €1,738 (-4.0%), from €43,318 to €41,579
- Taxes +€1,195
up €1,195 (+8,656%), from €14 to €1,209
- Depreciation -€901
down €901 (-24.5%), from €3,682 to €2,782
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 | €20,252 | €20,341 | +€89 | +0.4% |
| Fixed assets | 21/28 | €4,044 | €5,071 | +€1,027 | +25.4% |
| Tangible fixed assets | 22/27 | €4,044 | €5,071 | +€1,027 | +25.4% |
| Furniture and vehicles | 24 | €4,044 | €5,071 | +€1,027 | +25.4% |
| Current assets | 29/58 | €16,208 | €15,270 | -€938 | -5.8% |
| Amounts receivable within one year | 40/41 | €8,953 | €7,337 | -€1,616 | -18.1% |
| Trade receivables | 40 | €7,116 | €5,499 | -€1,617 | -22.7% |
| Other amounts receivable | 41 | €1,837 | €1,838 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €5,388 | €5,259 | -€129 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,867 | €2,674 | +€807 | +43.2% |
| Total equity and liabilities | 10/49 | €20,252 | €20,341 | +€89 | +0.4% |
| Equity | 10/15 | €7,738 | €9,582 | +€1,844 | +23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €918 | €2,762 | +€1,844 | +201% |
| Amounts payable | 17/49 | €12,514 | €10,759 | -€1,755 | -14.0% |
| Amounts payable after more than one year | 17 | €7,594 | €2,845 | -€4,749 | -62.5% |
| Financial debts | 170/4 | €7,594 | €2,845 | -€4,749 | -62.5% |
| Amounts payable within one year | 42/48 | €4,556 | €7,915 | +€3,358 | +73.7% |
| Trade debts | 44 | €2,078 | €1,850 | -€228 | -11.0% |
| Suppliers | 440/4 | €2,078 | €1,850 | -€228 | -11.0% |
| Taxes, remuneration and social security | 45 | €2,479 | €6,065 | +€3,586 | +145% |
| Taxes | 450/3 | - | €1,880 | +€1,880 | |
| Remuneration and social security | 454/9 | €2,479 | €4,185 | +€1,706 | +68.8% |
| Accrued charges and deferred income | 492/3 | €364 | - | -€364 | |
| Remuneration, social security and pensions | 62 | €27,788 | €31,700 | +€3,912 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,682 | €2,782 | -€901 | -24.5% |
| Other operating charges | 640/8 | €3,731 | €3,786 | +€55 | +1.5% |
| Gross operating margin | 9900 | €43,318 | €41,579 | -€1,738 | -4.0% |
| Operating profit (loss) | 9901 | €8,116 | €3,312 | -€4,804 | -59.2% |
| Financial charges | 65/66B | €197 | €259 | +€62 | +31.3% |
| Recurring financial charges | 65 | €197 | €259 | +€62 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €7,919 | €3,053 | -€4,866 | -61.4% |
| Income taxes | 67/77 | €14 | €1,209 | +€1,195 | +8,656% |
| Profit (loss) for the period | 9904 | €7,905 | €1,844 | -€6,061 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,905 | €1,844 | -€6,061 | -76.7% |
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 27 October 2026 via checked.be.