GRAIN NV: what changed
Two fiscal 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.
What changed
GRAIN NV
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€187,987
2024 · -€334,526+€146,539
Equity
-€1.6m
2024 · -€1.4m-€187,987
Cash
€56,132
2024 · €29,018+€27,115
Balance sheet total
€6.3m
2024 · €6.6m-€299,098
Largest movements
Assets
- Tangible fixed assets -€307,958
down €307,958 (-4.7%), from €6.5m to €6.2m
of which Land and buildings: -€303,091
Equity and liabilities
- Profit (loss) carried forward -€187,987
down €187,987 (-12.9%), from -€1.5m to -€1.7m
- Short-term financial debts -€115,000
down €115,000 (-6.7%), from €1.7m to €1.6m
Income statement
- Financial charges -€158,935
down €158,935 (-50.3%), from €316,073 to €157,138
- Gross operating margin -€6,393
down €6,393 (-2.1%), from €309,962 to €303,569
- Other operating charges +€5,874
up €5,874 (+30.1%), from €19,545 to €25,419
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.
Result 2024
-€334,526
Gross operating margin
-€6,393
Depreciation
-€129
Other operating charges
-€5,874
Financial income
+€1
Financial charges
+€158,935
Result 2025
-€187,987
Cash bridge derived
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.
From operations
+€122,513
Investment
-€1,043
Financing
-€94,356
Cash 2024
€29,018
From operations (derived)
+€122,513
Net result for the year
-€187,987
Depreciation
+€309,000
Receivables within one year
+€11,001
Deferred charges and accrued income
+€7,254
Trade debts
-€23,040
Tax, wage and social debts
-€15,845
Accrued charges and deferred income
+€22,129
Investment (derived)
-€1,043
Investment in fixed assets (net)
-€1,043
Financing
-€94,356
Debts after one year
+€16,463
Current portion of long-term debt
+€4,181
Short-term financial debts
-€115,000
Cash 2025
€56,132
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,586,093 | €6,286,995 | -€299,098 | -4.5% |
| Fixed assets | 21/28 | €6,521,005 | €6,213,047 | -€307,958 | -4.7% |
| Tangible fixed assets | 22/27 | €6,520,505 | €6,212,547 | -€307,958 | -4.7% |
| Land and buildings | 22 | €6,512,467 | €6,209,376 | -€303,091 | -4.7% |
| Plant, machinery and equipment | 23 | €8,038 | €3,171 | -€4,867 | -60.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €65,088 | €73,948 | +€8,859 | +13.6% |
| Amounts receivable within one year | 40/41 | €28,817 | €17,816 | -€11,001 | -38.2% |
| Trade receivables | 40 | €28,722 | €17,538 | -€11,184 | -38.9% |
| Other amounts receivable | 41 | €95 | €278 | +€183 | +193.3% |
| Cash at bank and in hand | 54/58 | €29,018 | €56,132 | +€27,115 | +93.4% |
| Deferred charges and accrued income | 490/1 | €7,254 | €0 | -€7,254 | -100.0% |
| Total equity and liabilities | 10/49 | €6,586,093 | €6,286,995 | -€299,098 | -4.5% |
| Equity | 10/15 | -€1,400,046 | -€1,588,033 | -€187,987 | -13.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,462,046 | -€1,650,033 | -€187,987 | -12.9% |
| Amounts payable | 17/49 | €7,986,139 | €7,875,028 | -€111,112 | -1.4% |
| Amounts payable after more than one year | 17 | €5,621,756 | €5,638,219 | +€16,463 | +0.3% |
| Financial debts | 170/4 | €5,621,756 | €5,638,219 | +€16,463 | +0.3% |
| Amounts payable within one year | 42/48 | €2,133,480 | €1,983,776 | -€149,703 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €189,058 | €193,240 | +€4,181 | +2.2% |
| Financial debts | 43 | €1,725,000 | €1,610,000 | -€115,000 | -6.7% |
| Credit institutions | 430/8 | €1,725,000 | €1,610,000 | -€115,000 | -6.7% |
| Trade debts | 44 | €69,661 | €46,621 | -€23,040 | -33.1% |
| Suppliers | 440/4 | €69,661 | €46,621 | -€23,040 | -33.1% |
| Taxes, remuneration and social security | 45 | €21,465 | €5,620 | -€15,845 | -73.8% |
| Taxes | 450/3 | €21,465 | €5,620 | -€15,845 | -73.8% |
| Other amounts payable | 47/48 | €128,296 | €128,296 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €230,903 | €253,032 | +€22,129 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,871 | €309,000 | +€129 | 0.0% |
| Other operating charges | 640/8 | €19,545 | €25,419 | +€5,874 | +30.1% |
| Gross operating margin | 9900 | €309,962 | €303,569 | -€6,393 | -2.1% |
| Operating profit (loss) | 9901 | -€18,453 | -€30,850 | -€12,397 | -67.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €316,073 | €157,138 | -€158,935 | -50.3% |
| Recurring financial charges | 65 | €316,073 | €157,138 | -€158,935 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€334,526 | -€187,987 | +€146,539 | +43.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€334,526 | -€187,987 | +€146,539 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€334,526 | -€187,987 | +€146,539 | +43.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.