GRAIN ESTATE: what changed
What changed
GRAIN ESTATE
NACE 74.120, Graphic design and visual communication
filed annual accounts (NBB)
Net result for the year
€6,746
2024 · €45,229-€38,483
Equity
€94,252
2024 · €111,507-€17,254
Cash
€4,625
2024 · €53,658-€49,032
Balance sheet total
€556,784
2024 · €539,847+€16,937
Largest movements
Assets
- Receivables within one year +€98,379
up €98,379 (+244%), from €40,341 to €138,720
of which Trade receivables: +€91,684
- Cash -€49,032
down €49,032 (-91.4%), from €53,658 to €4,625
mainly Receivables within one year (-€98,379) and Contributions, distributions and other (-€24,000)
- Tangible fixed assets -€21,410
down €21,410 (-5.0%), from €426,853 to €405,443
of which Land and buildings: -€14,235
- Deferred charges and accrued income -€11,000
down €11,000 (-100%), from €11,000 to €0
Equity and liabilities
- Trade debts +€66,533
up €66,533 (+291%), from €22,832 to €89,366
- Debts after one year -€18,144
down €18,144 (-5.7%), from €316,888 to €298,745
- Reserves -€17,254
down €17,254 (-18.6%), from €92,907 to €75,652
- Other debts -€16,934
down €16,934 (-73.0%), from €23,208 to €6,274
Income statement
- Staff costs +€26,466
up €26,466 (+31.6%), from €83,648 to €110,114
- Gross operating margin -€25,176
down €25,176 (-14.5%), from €173,785 to €148,609
- Taxes -€9,134
down €9,134 (-100%), from €9,134 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,229
Gross operating margin
-€25,176
Staff costs
-€26,466
Depreciation
+€1,697
Other operating charges
+€629
Financial income
+€1,194
Financial charges
+€506
Taxes
+€9,134
Result 2025
€6,746
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€9,437
Investment
-€1,516
Financing
-€38,080
Cash 2024
€53,658
From operations (derived)
-€9,437
Net result for the year
+€6,746
Depreciation
+€22,926
Receivables within one year
-€98,379
Deferred charges and accrued income
+€11,000
Trade debts
+€66,533
Tax, wage and social debts
-€1,329
Other debts
-€16,934
Investment (derived)
-€1,516
Investment in fixed assets (net)
-€1,516
Financing
-€38,080
Debts after one year
-€18,144
Current portion of long-term debt
+€234
Short-term financial debts
+€3,830
Contributions, distributions and other
-€24,000
Cash 2025
€4,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,847 | €556,784 | +€16,937 | +3.1% |
| Fixed assets | 21/28 | €426,853 | €405,443 | -€21,410 | -5.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €426,853 | €405,443 | -€21,410 | -5.0% |
| Land and buildings | 22 | €407,034 | €392,800 | -€14,235 | -3.5% |
| Plant, machinery and equipment | 23 | €3,959 | €1,542 | -€2,417 | -61.0% |
| Furniture and vehicles | 24 | €15,860 | €11,101 | -€4,759 | -30.0% |
| Current assets | 29/58 | €112,994 | €151,341 | +€38,347 | +33.9% |
| Stocks and contracts in progress | 3 | €7,995 | €7,995 | = | 0.0% |
| Stocks | 30/36 | €7,995 | €7,995 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,341 | €138,720 | +€98,379 | +244% |
| Trade receivables | 40 | €37,970 | €129,654 | +€91,684 | +241% |
| Other amounts receivable | 41 | €2,372 | €9,067 | +€6,695 | +282% |
| Cash at bank and in hand | 54/58 | €53,658 | €4,625 | -€49,032 | -91.4% |
| Deferred charges and accrued income | 490/1 | €11,000 | €0 | -€11,000 | -100% |
| Total equity and liabilities | 10/49 | €539,847 | €556,784 | +€16,937 | +3.1% |
| Equity | 10/15 | €111,507 | €94,252 | -€17,254 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,907 | €75,652 | -€17,254 | -18.6% |
| Distributable reserves | 133 | €92,907 | €75,652 | -€17,254 | -18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €428,340 | €462,531 | +€34,191 | +8.0% |
| Amounts payable after more than one year | 17 | €316,888 | €298,745 | -€18,144 | -5.7% |
| Financial debts | 170/4 | €316,888 | €298,745 | -€18,144 | -5.7% |
| Amounts payable within one year | 42/48 | €109,952 | €162,287 | +€52,335 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €17,909 | €18,144 | +€234 | +1.3% |
| Financial debts | 43 | €20,670 | €24,500 | +€3,830 | +18.5% |
| Credit institutions | 430/8 | €20,670 | €24,500 | +€3,830 | +18.5% |
| Trade debts | 44 | €22,832 | €89,366 | +€66,533 | +291% |
| Suppliers | 440/4 | €22,832 | €89,366 | +€66,533 | +291% |
| Taxes, remuneration and social security | 45 | €25,332 | €24,004 | -€1,329 | -5.2% |
| Taxes | 450/3 | €6,522 | €6,059 | -€463 | -7.1% |
| Remuneration and social security | 454/9 | €18,810 | €17,944 | -€865 | -4.6% |
| Other amounts payable | 47/48 | €23,208 | €6,274 | -€16,934 | -73.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €83,648 | €110,114 | +€26,466 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,623 | €22,926 | -€1,697 | -6.9% |
| Other operating charges | 640/8 | €4,105 | €3,476 | -€629 | -15.3% |
| Gross operating margin | 9900 | €173,785 | €148,609 | -€25,176 | -14.5% |
| Operating profit (loss) | 9901 | €61,408 | €12,092 | -€49,316 | -80.3% |
| Financial income | 75/76B | €7 | €1,201 | +€1,194 | +16,158% |
| Recurring financial income | 75 | €7 | €1,201 | +€1,194 | +16,158% |
| Financial charges | 65/66B | €7,054 | €6,548 | -€506 | -7.2% |
| Recurring financial charges | 65 | €7,054 | €6,548 | -€506 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €54,362 | €6,746 | -€47,617 | -87.6% |
| Income taxes | 67/77 | €9,134 | €0 | -€9,134 | -100% |
| Profit (loss) for the period | 9904 | €45,229 | €6,746 | -€38,483 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,229 | €6,746 | -€38,483 | -85.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.