GRAINE D'AS: what changed
GRAINE D'AS
Largest movements
- Stocks and contracts -€71,304
down €71,304 (-80.5%), from €88,619 to €17,316
- Receivables within one year +€56,432
up €56,432 (+2,801%), from €2,015 to €58,447
of which Other amounts receivable: +€56,406
- Receivables after one year -€53,534
no longer reported in 2025 (was €53,534)
- Tangible fixed assets -€2,682
down €2,682 (-18.1%), from €14,786 to €12,103
of which Other tangible fixed assets: -€2,462
- Cash -€2,298
down €2,298 (-13.9%), from €16,524 to €14,226
mainly Receivables within one year (-€56,432) and Net result for the year (-€44,597)
- Reserves -€44,231
down €44,231 (-48.0%), from €92,100 to €47,869
of which Non-distributable reserves: -€54,000
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Current portion of long-term debt -€3,666
down €3,666 (-91.7%), from €4,000 to €334
- Advances received -€3,398
down €3,398 (-57.1%), from €5,948 to €2,549
- Tax, wage and social debts +€2,793
up €2,793 (+14.9%), from €18,763 to €21,556
of which Taxes: +€6,077
- Gross operating margin -€28,444
down €28,444 (-89.7%), from €31,722 to €3,277
- Staff costs -€3,657
down €3,657 (-7.8%), from €47,113 to €43,456
- Financial charges +€605
up €605 (+37.4%), from €1,616 to €2,221
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,478 | €102,092 | -€75,387 | -42.5% |
| Fixed assets | 21/28 | €14,786 | €12,103 | -€2,682 | -18.1% |
| Tangible fixed assets | 22/27 | €14,786 | €12,103 | -€2,682 | -18.1% |
| Plant, machinery and equipment | 23 | €660 | €440 | -€220 | -33.3% |
| Other tangible fixed assets | 26 | €14,126 | €11,663 | -€2,462 | -17.4% |
| Current assets | 29/58 | €162,692 | €89,988 | -€72,704 | -44.7% |
| Amounts receivable after more than one year | 29 | €53,534 | - | -€53,534 | |
| Other amounts receivable | 291 | €53,534 | - | -€53,534 | |
| Stocks and contracts in progress | 3 | €88,619 | €17,316 | -€71,304 | -80.5% |
| Stocks | 30/36 | €88,619 | €17,316 | -€71,304 | -80.5% |
| Amounts receivable within one year | 40/41 | €2,015 | €58,447 | +€56,432 | +2,801% |
| Trade receivables | 40 | - | €26 | +€26 | |
| Other amounts receivable | 41 | €2,015 | €58,421 | +€56,406 | +2,799% |
| Cash at bank and in hand | 54/58 | €16,524 | €14,226 | -€2,298 | -13.9% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €177,478 | €102,092 | -€75,387 | -42.5% |
| Equity | 10/15 | €96,391 | €51,794 | -€44,597 | -46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,100 | €47,869 | -€44,231 | -48.0% |
| Non-distributable reserves | 130/1 | €54,000 | - | -€54,000 | |
| Financial assistance | 1313 | €54,000 | - | -€54,000 | |
| Tax-exempt reserves | 132 | €231 | - | -€231 | |
| Distributable reserves | 133 | €37,869 | €47,869 | +€10,000 | +26.4% |
| Profit (loss) carried forward | 14 | -€14,309 | -€14,674 | -€366 | -2.6% |
| Amounts payable | 17/49 | €81,087 | €50,297 | -€30,790 | -38.0% |
| Amounts payable after more than one year | 17 | €334 | - | -€334 | |
| Financial debts | 170/4 | €334 | - | -€334 | |
| Amounts payable within one year | 42/48 | €80,696 | €50,297 | -€30,399 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €334 | -€3,666 | -91.7% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €4,191 | €3,007 | -€1,185 | -28.3% |
| Suppliers | 440/4 | €4,191 | €3,007 | -€1,185 | -28.3% |
| Advances received on contracts in progress | 46 | €5,948 | €2,549 | -€3,398 | -57.1% |
| Taxes, remuneration and social security | 45 | €18,763 | €21,556 | +€2,793 | +14.9% |
| Taxes | 450/3 | €7,267 | €13,344 | +€6,077 | +83.6% |
| Remuneration and social security | 454/9 | €11,496 | €8,212 | -€3,284 | -28.6% |
| Other amounts payable | 47/48 | €22,794 | €22,851 | +€57 | +0.3% |
| Accrued charges and deferred income | 492/3 | €57 | - | -€57 | |
| Remuneration, social security and pensions | 62 | €47,113 | €43,456 | -€3,657 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,682 | €2,682 | = | 0.0% |
| Other operating charges | 640/8 | €1,040 | €1,073 | +€33 | +3.2% |
| Gross operating margin | 9900 | €31,722 | €3,277 | -€28,444 | -89.7% |
| Operating profit (loss) | 9901 | -€19,114 | -€43,934 | -€24,820 | -130% |
| Financial income | 75/76B | €1,597 | €1,558 | -€39 | -2.5% |
| Recurring financial income | 75 | €1,597 | €1,558 | -€39 | -2.5% |
| Financial charges | 65/66B | €1,616 | €2,221 | +€605 | +37.4% |
| Recurring financial charges | 65 | €1,616 | €2,221 | +€605 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,132 | -€44,597 | -€25,465 | -133% |
| Profit (loss) for the period | 9904 | -€19,132 | -€44,597 | -€25,465 | -133% |
| Transfer from tax-exempt reserves | 789 | - | €231 | +€231 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,132 | -€44,366 | -€25,233 | -132% |
Next steps
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 6 November 2026 via checked.be.