Grand Maison: what changed
Two financial 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.
Grand Maison
Largest movements
- Cash -€37,736
down €37,736 (-66.0%), from €57,217 to €19,482
mainly Receivables within one year (-€33,642) and Net result for the year (-€20,705)
- Receivables within one year +€33,642
up €33,642 (+498%), from €6,750 to €40,392
of which Other amounts receivable: +€34,157
- Tangible fixed assets -€7,790
down €7,790 (-5.3%), from €147,137 to €139,347
of which Plant, machinery and equipment: -€7,537
- Trade debts +€30,166
up €30,166 (+623%), from €4,844 to €35,010
- Profit (loss) carried forward -€20,705
down €20,705 (-30.3%), from €68,418 to €47,713
- Debts after one year -€12,978
down €12,978 (-13.3%), from €97,778 to €84,800
- Other debts -€4,548
down €4,548 (-69.8%), from €6,513 to €1,966
- Tax, wage and social debts -€2,758
down €2,758 (-33.0%), from €8,348 to €5,590
of which Taxes: -€3,714
- Staff costs +€25,214
up €25,214 (+107%), from €23,489 to €48,704
- Gross operating margin +€8,998
up €8,998 (+21.9%), from €41,009 to €50,007
- Depreciation -€1,014
down €1,014 (-7.2%), from €14,004 to €12,990
- Other operating charges +€778
up €778 (+16.3%), from €4,760 to €5,538
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.
Derived cash bridge
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 | €217,665 | €206,657 | -€11,008 | -5.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €147,387 | €139,597 | -€7,790 | -5.3% |
| Tangible fixed assets | 22/27 | €147,137 | €139,347 | -€7,790 | -5.3% |
| Land and buildings | 22 | €102,589 | €103,216 | +€626 | +0.6% |
| Plant, machinery and equipment | 23 | €42,459 | €34,923 | -€7,537 | -17.8% |
| Furniture and vehicles | 24 | €2,088 | €1,209 | -€879 | -42.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €70,278 | €67,060 | -€3,218 | -4.6% |
| Stocks and contracts in progress | 3 | €5,909 | €6,679 | +€770 | +13.0% |
| Stocks | 30/36 | €5,909 | €6,679 | +€770 | +13.0% |
| Amounts receivable within one year | 40/41 | €6,750 | €40,392 | +€33,642 | +498% |
| Trade receivables | 40 | €515 | - | -€515 | |
| Other amounts receivable | 41 | €6,235 | €40,392 | +€34,157 | +548% |
| Cash at bank and in hand | 54/58 | €57,217 | €19,482 | -€37,736 | -66.0% |
| Deferred charges and accrued income | 490/1 | €401 | €507 | +€106 | +26.4% |
| Total equity and liabilities | 10/49 | €217,665 | €206,657 | -€11,008 | -5.1% |
| Equity | 10/15 | €87,018 | €66,313 | -€20,705 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,418 | €47,713 | -€20,705 | -30.3% |
| Amounts payable | 17/49 | €130,647 | €140,344 | +€9,697 | +7.4% |
| Amounts payable after more than one year | 17 | €97,778 | €84,800 | -€12,978 | -13.3% |
| Financial debts | 170/4 | €97,778 | €84,800 | -€12,978 | -13.3% |
| Amounts payable within one year | 42/48 | €32,869 | €55,544 | +€22,675 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | €12,564 | €12,978 | +€414 | +3.3% |
| Trade debts | 44 | €4,844 | €35,010 | +€30,166 | +623% |
| Suppliers | 440/4 | €4,844 | €35,010 | +€30,166 | +623% |
| Advances received on contracts in progress | 46 | €599 | - | -€599 | |
| Taxes, remuneration and social security | 45 | €8,348 | €5,590 | -€2,758 | -33.0% |
| Taxes | 450/3 | €6,194 | €2,480 | -€3,714 | -60.0% |
| Remuneration and social security | 454/9 | €2,154 | €3,110 | +€956 | +44.4% |
| Other amounts payable | 47/48 | €6,513 | €1,966 | -€4,548 | -69.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €23,489 | €48,704 | +€25,214 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,004 | €12,990 | -€1,014 | -7.2% |
| Other operating charges | 640/8 | €4,760 | €5,538 | +€778 | +16.3% |
| Non-recurring operating charges | 66A | €172 | - | -€172 | |
| Gross operating margin | 9900 | €41,009 | €50,007 | +€8,998 | +21.9% |
| Operating profit (loss) | 9901 | -€1,416 | -€17,224 | -€15,808 | -1,117% |
| Financial income | 75/76B | €130 | €113 | -€16 | -12.7% |
| Recurring financial income | 75 | €130 | €113 | -€16 | -12.7% |
| Financial charges | 65/66B | €3,859 | €3,594 | -€265 | -6.9% |
| Recurring financial charges | 65 | €3,859 | €3,594 | -€265 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,145 | -€20,705 | -€15,560 | -302% |
| Profit (loss) for the period | 9904 | -€5,145 | -€20,705 | -€15,560 | -302% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,145 | -€20,705 | -€15,560 | -302% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.