GRAND SERVICE: 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.
What changed
GRAND SERVICE
NACE 10.311, Manufacture of food products
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2025 · -€59,975+€1.1m
Equity
€90,641
2025 · -€952,816+€1.0m
Cash
€147,950
2025 · €200,040-€52,091
Balance sheet total
€6.2m
2025 · €7.1m-€914,079
Largest movements
Assets
- Tangible fixed assets -€627,593
down €627,593 (-13.8%), from €4.5m to €3.9m
of which Leasing and similar rights: -€665,664
- Receivables within one year -€250,010
down €250,010 (-12.2%), from €2.1m to €1.8m
of which Other amounts receivable: -€143,626
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€1.1m to €0
- Trade debts -€848,205
down €848,205 (-36.7%), from €2.3m to €1.5m
- Debts after one year -€661,449
down €661,449 (-17.8%), from €3.7m to €3.1m
of which Financial debts: -€661,449
- Tax, wage and social debts -€542,226
down €542,226 (-79.6%), from €681,459 to €139,233
of which Taxes: -€569,567
- Short-term financial debts +€300,000
up €300,000 (+150%), from €200,000 to €500,000
Income statement
- Other operating charges -€372,767
down €372,767 (-88.2%), from €422,871 to €50,104
- Financial charges -€280,577
down €280,577 (-65.6%), from €427,774 to €147,197
- Taxes -€180,225
down €180,225 (-33.2%), from €542,033 to €361,808
- Financial income +€118,641
up €118,641 (+808%), from €14,686 to €133,328
- Depreciation +€75,280
up €75,280 (+8.4%), from €891,560 to €966,840
From the 2025 result to the 2026 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 2025
-€59,975
Gross operating margin
-€20,879
Staff costs
+€43,473
Depreciation
-€75,280
Write-downs
-€4,405
Other operating charges
+€372,767
Other operating items
+€208,314
Financial income
+€118,641
Financial charges
+€280,577
Taxes
+€180,225
Result 2026
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€678,557
Investment
-€339,247
Financing
-€391,401
Cash 2025
€200,040
From operations (derived)
+€678,557
Net result for the year
+€1.0m
Depreciation
+€966,840
Stocks and contracts
-€12,150
Receivables within one year
+€250,010
Deferred charges and accrued income
-€3,465
Trade debts
-€848,205
Tax, wage and social debts
-€542,226
Other debts
-€177,011
Accrued charges and deferred income
+€1,305
Investment (derived)
-€339,247
Investment in fixed assets (net)
-€339,247
Financing
-€391,401
Debts after one year
-€661,449
Current portion of long-term debt
-€29,952
Short-term financial debts
+€300,000
Cash 2026
€147,950
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,078,592 | €6,164,512 | -€914,079 | -12.9% |
| Fixed assets | 21/28 | €4,642,280 | €4,014,687 | -€627,593 | -13.5% |
| Tangible fixed assets | 22/27 | €4,546,740 | €3,919,147 | -€627,593 | -13.8% |
| Land and buildings | 22 | €61,012 | €61,012 | = | 0.0% |
| Plant, machinery and equipment | 23 | €511,140 | €593,703 | +€82,563 | +16.2% |
| Furniture and vehicles | 24 | €24,876 | €9,517 | -€15,359 | -61.7% |
| Leasing and similar rights | 25 | €3,831,905 | €3,166,241 | -€665,664 | -17.4% |
| Other tangible fixed assets | 26 | €117,807 | €88,673 | -€29,134 | -24.7% |
| Financial fixed assets | 28 | €95,540 | €95,540 | = | 0.0% |
| Current assets | 29/58 | €2,436,312 | €2,149,826 | -€286,486 | -11.8% |
| Stocks and contracts in progress | 3 | €173,544 | €185,694 | +€12,150 | +7.0% |
| Stocks | 30/36 | €173,544 | €185,694 | +€12,150 | +7.0% |
| Amounts receivable within one year | 40/41 | €2,050,896 | €1,800,885 | -€250,010 | -12.2% |
| Trade receivables | 40 | €1,871,443 | €1,765,058 | -€106,385 | -5.7% |
| Other amounts receivable | 41 | €179,453 | €35,827 | -€143,626 | -80.0% |
| Cash at bank and in hand | 54/58 | €200,040 | €147,950 | -€52,091 | -26.0% |
| Deferred charges and accrued income | 490/1 | €11,832 | €15,297 | +€3,465 | +29.3% |
| Total equity and liabilities | 10/49 | €7,078,592 | €6,164,512 | -€914,079 | -12.9% |
| Equity | 10/15 | -€952,816 | €90,641 | +€1.0m | |
| Contributions | 10/11 | €27,605 | €27,605 | = | 0.0% |
| Reserves | 13 | €84,000 | €63,036 | -€20,964 | -25.0% |
| Non-distributable reserves | 130/1 | €4,000 | €0 | -€4,000 | -100% |
| Reserves not available under the articles | 1311 | €4,000 | €0 | -€4,000 | -100% |
| Distributable reserves | 133 | €80,000 | €63,036 | -€16,964 | -21.2% |
| Profit (loss) carried forward | 14 | -€1,064,422 | €0 | +€1.1m | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Amounts payable | 17/49 | €8,031,408 | €6,073,871 | -€2.0m | -24.4% |
| Amounts payable after more than one year | 17 | €3,719,091 | €3,057,642 | -€661,449 | -17.8% |
| Financial debts | 170/4 | €3,569,091 | €2,907,642 | -€661,449 | -18.5% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,288,765 | €2,991,372 | -€1.3m | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €754,208 | €724,256 | -€29,952 | -4.0% |
| Financial debts | 43 | €200,000 | €500,000 | +€300,000 | +150% |
| Credit institutions | 430/8 | €200,000 | €500,000 | +€300,000 | +150% |
| Trade debts | 44 | €2,313,451 | €1,465,246 | -€848,205 | -36.7% |
| Suppliers | 440/4 | €2,313,451 | €1,465,246 | -€848,205 | -36.7% |
| Taxes, remuneration and social security | 45 | €681,459 | €139,233 | -€542,226 | -79.6% |
| Taxes | 450/3 | €646,033 | €76,465 | -€569,567 | -88.2% |
| Remuneration and social security | 454/9 | €35,426 | €62,768 | +€27,342 | +77.2% |
| Other amounts payable | 47/48 | €339,648 | €162,637 | -€177,011 | -52.1% |
| Accrued charges and deferred income | 492/3 | €23,551 | €24,856 | +€1,305 | +5.5% |
| Non-recurring operating income | 76A | €202,050 | €0 | -€202,050 | -100% |
| Remuneration, social security and pensions | 62 | €427,476 | €384,003 | -€43,473 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891,560 | €966,840 | +€75,280 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €4,405 | +€4,405 | |
| Other operating charges | 640/8 | €422,871 | €50,104 | -€372,767 | -88.2% |
| Non-recurring operating charges | 66A | €210,543 | €2,229 | -€208,314 | -98.9% |
| Gross operating margin | 9900 | €2,847,595 | €2,826,717 | -€20,879 | -0.7% |
| Operating profit (loss) | 9901 | €895,145 | €1,419,135 | +€523,990 | +58.5% |
| Financial income | 75/76B | €14,686 | €133,328 | +€118,641 | +808% |
| Recurring financial income | 75 | €14,686 | €133,328 | +€118,641 | +808% |
| Financial charges | 65/66B | €427,774 | €147,197 | -€280,577 | -65.6% |
| Recurring financial charges | 65 | €427,774 | €147,197 | -€280,577 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €482,058 | €1,405,266 | +€923,208 | +192% |
| Income taxes | 67/77 | €542,033 | €361,808 | -€180,225 | -33.2% |
| Profit (loss) for the period | 9904 | -€59,975 | €1,043,458 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,975 | €1,043,458 | +€1.1m |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.