GRAIN: 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.
GRAIN
Largest movements
- Cash +€36,660
up €36,660 (+124%), from €29,597 to €66,257
mainly Net result for the year (+€36,142) and Trade debts (+€19,552)
- Receivables within one year +€29,237
up €29,237 (+2,252%), from €1,298 to €30,535
of which Trade receivables: +€26,198
- Deferred charges and accrued income +€6,112
new in 2025: €6,112
- Tangible fixed assets -€4,253
down €4,253 (-22.1%), from €19,272 to €15,019
of which Plant, machinery and equipment: -€5,308
- Stocks and contracts +€2,672
new in 2025: €2,672
- Profit (loss) carried forward +€36,142
up €36,142 (+257%), from €14,067 to €50,209
- Trade debts +€19,552
up €19,552 (+923%), from €2,119 to €21,671
- Tax, wage and social debts +€16,415
up €16,415 (+148%), from €11,059 to €27,474
of which Taxes: +€8,863
- Other debts -€1,924
down €1,924 (-10.2%), from €18,863 to €16,939
- Gross operating margin +€71,883
up €71,883 (+130%), from €55,428 to €127,311
- Staff costs +€49,580
up €49,580 (+165%), from €29,959 to €79,539
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 | €51,108 | €121,293 | +€70,185 | +137% |
| Formation expenses | 20 | €941 | €698 | -€243 | -25.8% |
| Fixed assets | 21/28 | €19,272 | €15,019 | -€4,253 | -22.1% |
| Tangible fixed assets | 22/27 | €19,272 | €15,019 | -€4,253 | -22.1% |
| Plant, machinery and equipment | 23 | €18,544 | €13,236 | -€5,308 | -28.6% |
| Other tangible fixed assets | 26 | €728 | €1,783 | +€1,055 | +145% |
| Current assets | 29/58 | €30,896 | €105,576 | +€74,681 | +242% |
| Stocks and contracts in progress | 3 | - | €2,672 | +€2,672 | |
| Stocks | 30/36 | - | €2,672 | +€2,672 | |
| Amounts receivable within one year | 40/41 | €1,298 | €30,535 | +€29,237 | +2,252% |
| Trade receivables | 40 | €1,298 | €27,497 | +€26,198 | +2,018% |
| Other amounts receivable | 41 | - | €3,038 | +€3,038 | |
| Cash at bank and in hand | 54/58 | €29,597 | €66,257 | +€36,660 | +124% |
| Deferred charges and accrued income | 490/1 | - | €6,112 | +€6,112 | |
| Total equity and liabilities | 10/49 | €51,108 | €121,293 | +€70,185 | +137% |
| Equity | 10/15 | €19,067 | €55,209 | +€36,142 | +190% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,067 | €50,209 | +€36,142 | +257% |
| Amounts payable | 17/49 | €32,041 | €66,084 | +€34,044 | +106% |
| Amounts payable within one year | 42/48 | €32,041 | €66,084 | +€34,044 | +106% |
| Trade debts | 44 | €2,119 | €21,671 | +€19,552 | +923% |
| Suppliers | 440/4 | €2,119 | €21,671 | +€19,552 | +923% |
| Taxes, remuneration and social security | 45 | €11,059 | €27,474 | +€16,415 | +148% |
| Taxes | 450/3 | €5,268 | €14,131 | +€8,863 | +168% |
| Remuneration and social security | 454/9 | €5,791 | €13,343 | +€7,552 | +130% |
| Other amounts payable | 47/48 | €18,863 | €16,939 | -€1,924 | -10.2% |
| Remuneration, social security and pensions | 62 | €29,959 | €79,539 | +€49,580 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,973 | €5,845 | -€128 | -2.1% |
| Other operating charges | 640/8 | €387 | €1,399 | +€1,011 | +261% |
| Gross operating margin | 9900 | €55,428 | €127,311 | +€71,883 | +130% |
| Operating profit (loss) | 9901 | €19,108 | €40,528 | +€21,420 | +112% |
| Financial income | 75/76B | €85 | €95 | +€10 | +11.2% |
| Recurring financial income | 75 | €85 | €95 | +€10 | +11.2% |
| Financial charges | 65/66B | €827 | €578 | -€248 | -30.0% |
| Recurring financial charges | 65 | €827 | €578 | -€248 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €18,367 | €40,045 | +€21,677 | +118% |
| Income taxes | 67/77 | €4,300 | €3,903 | -€397 | -9.2% |
| Profit (loss) for the period | 9904 | €14,067 | €36,142 | +€22,075 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €14,067 | €36,142 | +€22,075 | +157% |
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 15 October 2026 via checked.be.