Graindorge: 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.
Graindorge
Largest movements
- Tangible fixed assets -€121,313
down €121,313 (-13.2%), from €919,556 to €798,244
of which Furniture and vehicles: -€74,650
- Cash -€73,857
down €73,857 (-56.8%), from €129,941 to €56,084
mainly Debts after one year (-€70,377) and Net result for the year (-€69,952)
- Receivables within one year +€47,880
up €47,880 (+53.3%), from €89,768 to €137,649
of which Trade receivables: +€44,822
- Debts after one year -€70,377
down €70,377 (-13.7%), from €512,069 to €441,692
- Reserves -€64,860
down €64,860 (-14.8%), from €438,210 to €373,350
- Profit (loss) carried forward -€43,092
down €43,092, from €13,936 to -€29,156
- Current portion of long-term debt -€36,242
down €36,242 (-34.0%), from €106,619 to €70,377
- Investment grants +€29,172
up €29,172 (+77.6%), from €37,570 to €66,742
- Purchases and services -€85,415
down €85,415 (-7.6%), from €1.1m to €1.0m
- Turnover -€74,383
down €74,383 (-4.3%), from €1.7m to €1.7m
- Gross operating margin -€71,739
down €71,739 (-9.7%), from €742,480 to €670,742
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,464 | €1,134,751 | -€156,713 | -12.1% |
| Fixed assets | 21/28 | €920,056 | €798,744 | -€121,313 | -13.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €919,556 | €798,244 | -€121,313 | -13.2% |
| Land and buildings | 22 | €629,346 | €592,974 | -€36,372 | -5.8% |
| Plant, machinery and equipment | 23 | €7,107 | €2,747 | -€4,360 | -61.3% |
| Furniture and vehicles | 24 | €259,113 | €184,463 | -€74,650 | -28.8% |
| Other tangible fixed assets | 26 | €23,990 | €18,060 | -€5,930 | -24.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €371,408 | €336,008 | -€35,401 | -9.5% |
| Stocks and contracts in progress | 3 | €139,344 | €127,704 | -€11,641 | -8.4% |
| Stocks | 30/36 | €139,344 | €127,704 | -€11,641 | -8.4% |
| Amounts receivable within one year | 40/41 | €89,768 | €137,649 | +€47,880 | +53.3% |
| Trade receivables | 40 | €63,922 | €108,743 | +€44,822 | +70.1% |
| Other amounts receivable | 41 | €25,847 | €28,905 | +€3,059 | +11.8% |
| Cash at bank and in hand | 54/58 | €129,941 | €56,084 | -€73,857 | -56.8% |
| Deferred charges and accrued income | 490/1 | €12,355 | €14,572 | +€2,217 | +17.9% |
| Total equity and liabilities | 10/49 | €1,291,464 | €1,134,751 | -€156,713 | -12.1% |
| Equity | 10/15 | €508,317 | €429,537 | -€78,780 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438,210 | €373,350 | -€64,860 | -14.8% |
| Distributable reserves | 133 | €438,210 | €373,350 | -€64,860 | -14.8% |
| Profit (loss) carried forward | 14 | €13,936 | -€29,156 | -€43,092 | |
| Investment grants | 15 | €37,570 | €66,742 | +€29,172 | +77.6% |
| Amounts payable | 17/49 | €783,148 | €705,215 | -€77,933 | -10.0% |
| Amounts payable after more than one year | 17 | €512,069 | €441,692 | -€70,377 | -13.7% |
| Financial debts | 170/4 | €512,069 | €441,692 | -€70,377 | -13.7% |
| Amounts payable within one year | 42/48 | €268,955 | €258,672 | -€10,282 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €106,619 | €70,377 | -€36,242 | -34.0% |
| Financial debts | 43 | €0 | €10,095 | +€10,095 | |
| Credit institutions | 430/8 | €0 | €10,095 | +€10,095 | |
| Trade debts | 44 | €66,373 | €67,479 | +€1,105 | +1.7% |
| Suppliers | 440/4 | €66,373 | €67,479 | +€1,105 | +1.7% |
| Taxes, remuneration and social security | 45 | €69,125 | €72,722 | +€3,597 | +5.2% |
| Taxes | 450/3 | €6,347 | €7,217 | +€871 | +13.7% |
| Remuneration and social security | 454/9 | €62,778 | €65,504 | +€2,726 | +4.3% |
| Other amounts payable | 47/48 | €26,837 | €38,000 | +€11,163 | +41.6% |
| Accrued charges and deferred income | 492/3 | €2,124 | €4,850 | +€2,726 | +128.3% |
| Turnover | 70 | €1,730,967 | €1,656,584 | -€74,383 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,122,886 | €1,037,471 | -€85,415 | -7.6% |
| Remuneration, social security and pensions | 62 | €603,850 | €590,330 | -€13,521 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,648 | €130,198 | +€2,549 | +2.0% |
| Other operating charges | 640/8 | €13,270 | €8,702 | -€4,568 | -34.4% |
| Gross operating margin | 9900 | €742,480 | €670,742 | -€71,739 | -9.7% |
| Operating profit (loss) | 9901 | -€2,288 | -€58,488 | -€56,200 | -2456.2% |
| Financial income | 75/76B | €2,992 | €3,972 | +€980 | +32.7% |
| Recurring financial income | 75 | €2,992 | €3,972 | +€980 | +32.7% |
| Financial charges | 65/66B | €15,828 | €14,983 | -€845 | -5.3% |
| Recurring financial charges | 65 | €15,828 | €14,983 | -€845 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,124 | -€69,499 | -€54,376 | -359.5% |
| Income taxes | 67/77 | €376 | €453 | +€77 | +20.5% |
| Profit (loss) for the period | 9904 | -€15,499 | -€69,952 | -€54,453 | -351.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,499 | -€69,952 | -€54,453 | -351.3% |
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 30 September 2026 via checked.be.