GRAL: 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
GRAL
NACE 56.210, Event catering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€46,758
2024 · €56,826-€10,067
Equity
€1.4m
2024 · €1.4m+€46,758
Cash
€192
2024 · €383-€191
Balance sheet total
€1.9m
2024 · €1.9m+€3,651
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€48,000
down €48,000 (-28.9%), from €166,100 to €118,100
- Reserves +€46,758
up €46,758 (+10.2%), from €458,011 to €504,769
of which Distributable reserves: +€46,758
Income statement
- Gross operating margin -€14,848
down €14,848 (-7.3%), from €202,392 to €187,544
- Taxes -€5,641
down €5,641 (-19.0%), from €29,626 to €23,985
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
€56,826
Gross operating margin
-€14,848
Staff costs
-€882
Depreciation
-€94
Other operating charges
+€141
Financial income
-€3
Financial charges
-€24
Taxes
+€5,641
Result 2025
€46,758
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
+€52,109
Investment
-€4,300
Financing
-€48,000
Cash 2024
€383
From operations (derived)
+€52,109
Net result for the year
+€46,758
Depreciation
+€94
Receivables within one year
+€363
Trade debts
+€57
Tax, wage and social debts
+€3,299
Other debts
+€1,537
Investment (derived)
-€4,300
Investment in fixed assets (net)
-€4,300
Financing
-€48,000
Debts after one year
-€48,000
Cash 2025
€192
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,856,533 | €1,860,184 | +€3,651 | +0.2% |
| Fixed assets | 21/28 | €1,493,266 | €1,497,471 | +€4,206 | +0.3% |
| Tangible fixed assets | 22/27 | - | €4,206 | +€4,206 | |
| Plant, machinery and equipment | 23 | - | €4,206 | +€4,206 | |
| Financial fixed assets | 28 | €1,493,266 | €1,493,266 | = | 0.0% |
| Current assets | 29/58 | €363,267 | €362,713 | -€554 | -0.2% |
| Amounts receivable within one year | 40/41 | €52,784 | €52,420 | -€363 | -0.7% |
| Trade receivables | 40 | €48,000 | €48,278 | +€278 | +0.6% |
| Other amounts receivable | 41 | €4,784 | €4,143 | -€641 | -13.4% |
| Current investments | 50/53 | €310,100 | €310,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €383 | €192 | -€191 | -49.8% |
| Total equity and liabilities | 10/49 | €1,856,533 | €1,860,184 | +€3,651 | +0.2% |
| Equity | 10/15 | €1,352,529 | €1,399,288 | +€46,758 | +3.5% |
| Contributions | 10/11 | €434,000 | €434,000 | = | 0.0% |
| Capital | 10 | €434,000 | €434,000 | = | 0.0% |
| Issued capital | 100 | €434,000 | €434,000 | = | 0.0% |
| Reserves | 13 | €458,011 | €504,769 | +€46,758 | +10.2% |
| Non-distributable reserves | 130/1 | €353,500 | €353,500 | = | 0.0% |
| Legal reserve | 130 | €43,400 | €43,400 | = | 0.0% |
| Own shares acquired | 1312 | €310,100 | €310,100 | = | 0.0% |
| Distributable reserves | 133 | €104,511 | €151,269 | +€46,758 | +44.7% |
| Profit (loss) carried forward | 14 | €460,518 | €460,518 | = | 0.0% |
| Amounts payable | 17/49 | €504,004 | €460,896 | -€43,107 | -8.6% |
| Amounts payable after more than one year | 17 | €166,100 | €118,100 | -€48,000 | -28.9% |
| Other amounts payable | 178/9 | €166,100 | €118,100 | -€48,000 | -28.9% |
| Amounts payable within one year | 42/48 | €337,904 | €342,796 | +€4,893 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €48,000 | €48,000 | = | 0.0% |
| Trade debts | 44 | €75,180 | €75,237 | +€57 | +0.1% |
| Suppliers | 440/4 | €75,180 | €75,237 | +€57 | +0.1% |
| Taxes, remuneration and social security | 45 | €67,270 | €70,570 | +€3,299 | +4.9% |
| Taxes | 450/3 | €55,721 | €54,063 | -€1,657 | -3.0% |
| Remuneration and social security | 454/9 | €11,550 | €16,506 | +€4,957 | +42.9% |
| Other amounts payable | 47/48 | €147,454 | €148,990 | +€1,537 | +1.0% |
| Remuneration, social security and pensions | 62 | €113,756 | €114,638 | +€882 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €94 | +€94 | |
| Other operating charges | 640/8 | €2,117 | €1,976 | -€141 | -6.7% |
| Gross operating margin | 9900 | €202,392 | €187,544 | -€14,848 | -7.3% |
| Operating profit (loss) | 9901 | €86,518 | €70,836 | -€15,682 | -18.1% |
| Financial income | 75/76B | €3 | €1 | -€3 | -73.7% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -73.7% |
| Financial charges | 65/66B | €70 | €94 | +€24 | +33.7% |
| Recurring financial charges | 65 | €70 | €94 | +€24 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €86,452 | €70,744 | -€15,708 | -18.2% |
| Income taxes | 67/77 | €29,626 | €23,985 | -€5,641 | -19.0% |
| Profit (loss) for the period | 9904 | €56,826 | €46,758 | -€10,067 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,826 | €46,758 | -€10,067 | -17.7% |
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 2 October 2026 via checked.be.