GRACE SANTE: 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.
GRACE SANTE
Largest movements
- Receivables within one year -€12,346
down €12,346 (-6.7%), from €183,014 to €170,668
- Deferred charges and accrued income +€12,214
new in 2025: €12,214
- Tangible fixed assets -€4,832
down €4,832 (-3.7%), from €130,407 to €125,575
of which Land and buildings: -€3,840
- Reserves -€20,015
down €20,015 (-10.6%), from €189,068 to €169,053
of which Distributable reserves: -€20,015
- Other debts +€19,880
up €19,880 (+16,567%), from €120 to €20,000
- Trade debts -€7,919
down €7,919 (-81.5%), from €9,713 to €1,794
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Current portion of long-term debt -€5,090
down €5,090 (-25.0%), from €20,382 to €15,292
- Financial charges +€28,816
up €28,816 (+623%), from €4,628 to €33,443
- Taxes -€10,960
down €10,960 (-64.5%), from €16,985 to €6,025
- Gross operating margin -€5,803
down €5,803 (-12.6%), from €46,197 to €40,394
- Other operating charges +€3,539
up €3,539 (+123%), from €2,879 to €6,418
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 | €321,026 | €318,626 | -€2,399 | -0.7% |
| Fixed assets | 21/28 | €130,407 | €125,575 | -€4,832 | -3.7% |
| Tangible fixed assets | 22/27 | €130,407 | €125,575 | -€4,832 | -3.7% |
| Land and buildings | 22 | €125,440 | €121,600 | -€3,840 | -3.1% |
| Furniture and vehicles | 24 | €1,367 | €1,275 | -€92 | -6.7% |
| Other tangible fixed assets | 26 | €3,600 | €2,700 | -€900 | -25.0% |
| Current assets | 29/58 | €190,619 | €193,051 | +€2,432 | +1.3% |
| Amounts receivable within one year | 40/41 | €183,014 | €170,668 | -€12,346 | -6.7% |
| Other amounts receivable | 41 | €183,014 | €170,668 | -€12,346 | -6.7% |
| Cash at bank and in hand | 54/58 | €7,605 | €10,168 | +€2,564 | +33.7% |
| Deferred charges and accrued income | 490/1 | - | €12,214 | +€12,214 | |
| Total equity and liabilities | 10/49 | €321,026 | €318,626 | -€2,399 | -0.7% |
| Equity | 10/15 | €201,468 | €187,653 | -€13,815 | -6.9% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €189,068 | €169,053 | -€20,015 | -10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €187,208 | €167,193 | -€20,015 | -10.7% |
| Amounts payable | 17/49 | €119,558 | €130,973 | +€11,415 | +9.5% |
| Amounts payable after more than one year | 17 | €70,532 | €70,532 | = | 0.0% |
| Financial debts | 170/4 | €70,532 | €70,532 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,026 | €60,441 | +€11,415 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €20,382 | €15,292 | -€5,090 | -25.0% |
| Trade debts | 44 | €9,713 | €1,794 | -€7,919 | -81.5% |
| Suppliers | 440/4 | €9,713 | €1,794 | -€7,919 | -81.5% |
| Taxes, remuneration and social security | 45 | €18,810 | €23,355 | +€4,545 | +24.2% |
| Taxes | 450/3 | €18,810 | €20,855 | +€2,045 | +10.9% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €120 | €20,000 | +€19,880 | +16,567% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,034 | €5,496 | +€462 | +9.2% |
| Other operating charges | 640/8 | €2,879 | €6,418 | +€3,539 | +123% |
| Gross operating margin | 9900 | €46,197 | €40,394 | -€5,803 | -12.6% |
| Operating profit (loss) | 9901 | €38,285 | €28,481 | -€9,804 | -25.6% |
| Financial income | 75/76B | €10,520 | €10,972 | +€452 | +4.3% |
| Recurring financial income | 75 | €10,520 | €10,972 | +€452 | +4.3% |
| Financial charges | 65/66B | €4,628 | €33,443 | +€28,816 | +623% |
| Recurring financial charges | 65 | €4,628 | €33,443 | +€28,816 | +623% |
| Profit (loss) for the period before taxes | 9903 | €44,177 | €6,010 | -€38,168 | -86.4% |
| Income taxes | 67/77 | €16,985 | €6,025 | -€10,960 | -64.5% |
| Profit (loss) for the period | 9904 | €27,193 | -€15 | -€27,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,193 | -€15 | -€27,207 |
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 13 October 2026 via checked.be.