GRAND YARD: 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 YARD
Largest movements
- Receivables within one year +€51,083
up €51,083 (+7.7%), from €664,382 to €715,465
of which Trade receivables: +€490,165
- Profit (loss) carried forward -€796,677
down €796,677 (-15.7%), from -€5.1m to -€5.9m
- Trade debts +€756,060
up €756,060 (+26.2%), from €2.9m to €3.6m
of which Suppliers: +€756,060
- Debts after one year +€669,467
up €669,467 (+29.7%), from €2.3m to €2.9m
of which Financial debts: +€2.9m
- Other debts -€584,058
down €584,058 (-100%), from €584,058 to €0
- Gross operating margin +€93,262
up €93,262 (+11.7%), from -€795,707 to -€702,445
- Financial charges -€43,415
down €43,415 (-31.7%), from €136,777 to €93,362
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 | €680,008 | €724,800 | +€44,792 | +6.6% |
| Current assets | 29/58 | €680,008 | €724,800 | +€44,792 | +6.6% |
| Stocks and contracts in progress | 3 | €7,250 | €7,250 | = | 0.0% |
| Stocks | 30/36 | €7,250 | €7,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €664,382 | €715,465 | +€51,083 | +7.7% |
| Trade receivables | 40 | €190,800 | €680,965 | +€490,165 | +257% |
| Other amounts receivable | 41 | €473,582 | €34,501 | -€439,082 | -92.7% |
| Cash at bank and in hand | 54/58 | €8,376 | €2,084 | -€6,291 | -75.1% |
| Total equity and liabilities | 10/49 | €680,008 | €724,800 | +€44,792 | +6.6% |
| Equity | 10/15 | -€5,046,393 | -€5,843,070 | -€796,677 | -15.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,064,943 | -€5,861,620 | -€796,677 | -15.7% |
| Amounts payable | 17/49 | €5,726,401 | €6,567,870 | +€841,469 | +14.7% |
| Amounts payable after more than one year | 17 | €2,254,411 | €2,923,878 | +€669,467 | +29.7% |
| Financial debts | 170/4 | - | €2,923,878 | +€2.9m | |
| Other amounts payable | 178/9 | €2,254,411 | €0 | -€2.3m | -100% |
| Amounts payable within one year | 42/48 | €3,471,990 | €3,643,991 | +€172,002 | +5.0% |
| Trade debts | 44 | €2,887,931 | €3,643,991 | +€756,060 | +26.2% |
| Suppliers | 440/4 | €2,887,931 | €3,643,991 | +€756,060 | +26.2% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Other amounts payable | 47/48 | €584,058 | €0 | -€584,058 | -100% |
| Other operating charges | 640/8 | €1,498 | €870 | -€629 | -42.0% |
| Gross operating margin | 9900 | -€795,707 | -€702,445 | +€93,262 | +11.7% |
| Operating profit (loss) | 9901 | -€797,205 | -€703,315 | +€93,890 | +11.8% |
| Financial income | 75/76B | €2,621 | €0 | -€2,621 | -100% |
| Recurring financial income | 75 | €2,621 | €0 | -€2,621 | -100% |
| Financial charges | 65/66B | €136,777 | €93,362 | -€43,415 | -31.7% |
| Recurring financial charges | 65 | €136,777 | €93,362 | -€43,415 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€931,361 | -€796,677 | +€134,684 | +14.5% |
| Profit (loss) for the period | 9904 | -€931,361 | -€796,677 | +€134,684 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€931,361 | -€796,677 | +€134,684 | +14.5% |
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.