GRAND OUEST: 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 OUEST
Largest movements
- Receivables within one year +€13,629
up €13,629 (+297%), from €4,596 to €18,225
- Cash +€4,299
up €4,299 (+1.5%), from €291,314 to €295,613
mainly Net result for the year (+€46,158) and Other debts (+€26,881)
- Other debts +€26,881
up €26,881 (+803%), from €3,349 to €30,231
- Tax, wage and social debts -€23,805
down €23,805 (-27.7%), from €85,935 to €62,131
of which Remuneration and social security: -€11,940
- Profit (loss) carried forward +€11,158
up €11,158 (+5.5%), from €204,081 to €215,239
- Trade debts +€4,251
new in 2025: €4,251
- Write-downs -€8,792
no longer reported in 2025 (was €8,792)
- Gross operating margin -€8,701
down €8,701 (-13.2%), from €65,741 to €57,040
- Financial income +€1,334
up €1,334 (+243%), from €549 to €1,883
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 | €297,550 | €316,437 | +€18,887 | +6.3% |
| Fixed assets | 21/28 | €986 | €611 | -€375 | -38.0% |
| Tangible fixed assets | 22/27 | €986 | €611 | -€375 | -38.0% |
| Furniture and vehicles | 24 | €986 | €611 | -€375 | -38.0% |
| Current assets | 29/58 | €296,564 | €315,826 | +€19,262 | +6.5% |
| Amounts receivable within one year | 40/41 | €4,596 | €18,225 | +€13,629 | +297% |
| Trade receivables | 40 | €4,596 | €18,225 | +€13,629 | +297% |
| Cash at bank and in hand | 54/58 | €291,314 | €295,613 | +€4,299 | +1.5% |
| Deferred charges and accrued income | 490/1 | €654 | €1,988 | +€1,334 | +204% |
| Total equity and liabilities | 10/49 | €297,550 | €316,437 | +€18,887 | +6.3% |
| Equity | 10/15 | €208,081 | €219,239 | +€11,158 | +5.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,081 | €215,239 | +€11,158 | +5.5% |
| Amounts payable | 17/49 | €89,469 | €97,198 | +€7,729 | +8.6% |
| Amounts payable within one year | 42/48 | €89,285 | €96,612 | +€7,328 | +8.2% |
| Trade debts | 44 | - | €4,251 | +€4,251 | |
| Suppliers | 440/4 | - | €4,251 | +€4,251 | |
| Taxes, remuneration and social security | 45 | €85,935 | €62,131 | -€23,805 | -27.7% |
| Taxes | 450/3 | €17,442 | €5,578 | -€11,864 | -68.0% |
| Remuneration and social security | 454/9 | €68,493 | €56,553 | -€11,940 | -17.4% |
| Other amounts payable | 47/48 | €3,349 | €30,231 | +€26,881 | +803% |
| Accrued charges and deferred income | 492/3 | €184 | €586 | +€402 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €375 | +€236 | +170% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,792 | - | -€8,792 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €65,741 | €57,040 | -€8,701 | -13.2% |
| Operating profit (loss) | 9901 | €56,423 | €56,265 | -€157 | -0.3% |
| Financial income | 75/76B | €549 | €1,883 | +€1,334 | +243% |
| Recurring financial income | 75 | €549 | €1,883 | +€1,334 | +243% |
| Financial charges | 65/66B | €102 | €108 | +€6 | +5.9% |
| Recurring financial charges | 65 | €102 | €108 | +€6 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €56,870 | €58,040 | +€1,171 | +2.1% |
| Income taxes | 67/77 | €11,643 | €11,883 | +€240 | +2.1% |
| Profit (loss) for the period | 9904 | €45,227 | €46,158 | +€931 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,227 | €46,158 | +€931 | +2.1% |
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 24 October 2026 via checked.be.