Grains de Vanille: what changed
What changed
Grains de Vanille
NACE 10.712, Artisanal bread and fresh pastry making
filed annual accounts (NBB)
Net result for the year
€173,339
2024 · €167,251+€6,088
Equity
€450,193
2024 · €415,535+€34,658
Cash
€257,890
2024 · €346,604-€88,714
Balance sheet total
€996,715
2024 · €875,140+€121,575
Largest movements
Assets
- Receivables within one year +€144,267
up €144,267 (+1,209%), from €11,928 to €156,195
of which Other amounts receivable: +€132,973
- Cash -€88,714
down €88,714 (-25.6%), from €346,604 to €257,890
mainly Investment in fixed assets (net) (-€190,451) and Receivables within one year (-€144,267)
- Tangible fixed assets +€59,885
up €59,885 (+12.5%), from €479,561 to €539,446
of which Plant, machinery and equipment: +€42,799
Equity and liabilities
- Other debts +€101,267
up €101,267 (+249%), from €40,661 to €141,928
- Debts after one year -€59,912
down €59,912 (-27.6%), from €217,383 to €157,471
- Reserves +€34,658
up €34,658 (+8.7%), from €396,943 to €431,601
of which Distributable reserves: +€34,658
- Tax, wage and social debts +€28,507
up €28,507 (+27.8%), from €102,366 to €130,873
of which Taxes: +€31,763
- Trade debts +€19,222
up €19,222 (+53.2%), from €36,116 to €55,339
Income statement
- Gross operating margin +€61,433
up €61,433 (+9.4%), from €653,443 to €714,876
- Staff costs +€40,473
up €40,473 (+13.8%), from €293,662 to €334,135
- Depreciation +€24,563
up €24,563 (+23.1%), from €106,495 to €131,059
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
€167,251
Gross operating margin
+€61,433
Staff costs
-€40,473
Depreciation
-€24,563
Other operating charges
-€218
Other operating items
+€2,763
Financial income
+€4,031
Financial charges
+€945
Taxes
+€2,171
Result 2025
€173,339
raises the resultlowers the resultnot broken down further in the accounts
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
+€302,148
Investment
-€190,451
Financing
-€200,410
Cash 2024
€346,604
From operations (derived)
+€302,148
Net result for the year
+€173,339
Depreciation
+€131,059
Stocks and contracts
+€658
Receivables within one year
-€144,267
Deferred charges and accrued income
-€7,287
Trade debts
+€19,222
Tax, wage and social debts
+€28,507
Advances received
+€150
Other debts
+€101,267
Accrued charges and deferred income
-€500
Investment (derived)
-€190,451
Investment in fixed assets (net)
-€190,451
Financing
-€200,410
Debts after one year
-€59,912
Current portion of long-term debt
-€1,818
Contributions, distributions and other
-€138,681
Cash 2025
€257,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €875,140 | €996,715 | +€121,575 | +13.9% |
| Fixed assets | 21/28 | €483,824 | €543,216 | +€59,393 | +12.3% |
| Intangible fixed assets | 21 | €2,397 | €1,904 | -€493 | -20.6% |
| Tangible fixed assets | 22/27 | €479,561 | €539,446 | +€59,885 | +12.5% |
| Plant, machinery and equipment | 23 | €137,000 | €179,799 | +€42,799 | +31.2% |
| Furniture and vehicles | 24 | €37,585 | €25,435 | -€12,150 | -32.3% |
| Leasing and similar rights | 25 | - | €9,370 | +€9,370 | |
| Other tangible fixed assets | 26 | €304,976 | €324,842 | +€19,865 | +6.5% |
| Financial fixed assets | 28 | €1,866 | €1,866 | = | 0.0% |
| Current assets | 29/58 | €391,316 | €453,499 | +€62,182 | +15.9% |
| Stocks and contracts in progress | 3 | €19,282 | €18,623 | -€658 | -3.4% |
| Stocks | 30/36 | €19,282 | €18,623 | -€658 | -3.4% |
| Amounts receivable within one year | 40/41 | €11,928 | €156,195 | +€144,267 | +1,209% |
| Trade receivables | 40 | €7,946 | €19,240 | +€11,294 | +142% |
| Other amounts receivable | 41 | €3,982 | €136,955 | +€132,973 | +3,339% |
| Cash at bank and in hand | 54/58 | €346,604 | €257,890 | -€88,714 | -25.6% |
| Deferred charges and accrued income | 490/1 | €13,503 | €20,790 | +€7,287 | +54.0% |
| Total equity and liabilities | 10/49 | €875,140 | €996,715 | +€121,575 | +13.9% |
| Equity | 10/15 | €415,535 | €450,193 | +€34,658 | +8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €396,943 | €431,601 | +€34,658 | +8.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €395,083 | €429,742 | +€34,658 | +8.8% |
| Amounts payable | 17/49 | €459,606 | €546,522 | +€86,917 | +18.9% |
| Amounts payable after more than one year | 17 | €217,383 | €157,471 | -€59,912 | -27.6% |
| Financial debts | 170/4 | €217,383 | €157,471 | -€59,912 | -27.6% |
| Amounts payable within one year | 42/48 | €241,723 | €389,051 | +€147,328 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €61,729 | €59,912 | -€1,818 | -2.9% |
| Trade debts | 44 | €36,116 | €55,339 | +€19,222 | +53.2% |
| Suppliers | 440/4 | €36,116 | €55,339 | +€19,222 | +53.2% |
| Advances received on contracts in progress | 46 | €850 | €1,000 | +€150 | +17.6% |
| Taxes, remuneration and social security | 45 | €102,366 | €130,873 | +€28,507 | +27.8% |
| Taxes | 450/3 | €60,862 | €92,624 | +€31,763 | +52.2% |
| Remuneration and social security | 454/9 | €41,505 | €38,249 | -€3,256 | -7.8% |
| Other amounts payable | 47/48 | €40,661 | €141,928 | +€101,267 | +249% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | €12,248 | - | -€12,248 | |
| Remuneration, social security and pensions | 62 | €293,662 | €334,135 | +€40,473 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,495 | €131,059 | +€24,563 | +23.1% |
| Other operating charges | 640/8 | €3,043 | €3,262 | +€218 | +7.2% |
| Non-recurring operating charges | 66A | €2,763 | - | -€2,763 | |
| Gross operating margin | 9900 | €653,443 | €714,876 | +€61,433 | +9.4% |
| Operating profit (loss) | 9901 | €247,479 | €246,421 | -€1,059 | -0.4% |
| Financial income | 75/76B | €108 | €4,139 | +€4,031 | +3,720% |
| Recurring financial income | 75 | €108 | €4,139 | +€4,031 | +3,720% |
| Financial charges | 65/66B | €5,475 | €4,530 | -€945 | -17.3% |
| Recurring financial charges | 65 | €5,475 | €4,530 | -€945 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €242,113 | €246,030 | +€3,917 | +1.6% |
| Income taxes | 67/77 | €74,862 | €72,690 | -€2,171 | -2.9% |
| Profit (loss) for the period | 9904 | €167,251 | €173,339 | +€6,088 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €167,251 | €173,339 | +€6,088 | +3.6% |
Next steps
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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 8 November 2026 via checked.be.