GRANDES MAREES: what changed
What changed
GRANDES MAREES
NACE 46.323, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€30,355
2024 · €229,578-€259,933
Equity
€2.4m
2024 · €2.3m+€40,155
Cash
€703,537
2024 · €605,925+€97,612
Balance sheet total
€4.2m
2024 · €4.4m-€285,264
Largest movements
Assets
- Receivables within one year -€559,883
down €559,883 (-22.6%), from €2.5m to €1.9m
of which Other amounts receivable: -€556,703
- Receivables after one year +€100,000
up €100,000 (+14.3%), from €700,000 to €800,000
- Cash +€97,612
up €97,612 (+16.1%), from €605,925 to €703,537
mainly Receivables within one year (+€559,883) and Trade debts (+€231,296)
- Stocks and contracts +€48,203
up €48,203 (+14.4%), from €335,344 to €383,547
Equity and liabilities
- Other debts -€481,678
down €481,678 (-94.2%), from €511,343 to €29,664
- Trade debts +€231,296
up €231,296 (+21.0%), from €1.1m to €1.3m
- Investment grants +€70,510
up €70,510 (+78.8%), from €89,523 to €160,033
Income statement
- Purchases and services +€901,637
up €901,637 (+8.2%), from €11.0m to €11.9m
- Turnover +€612,397
up €612,397 (+5.1%), from €12.0m to €12.7m
- Gross operating margin -€279,688
down €279,688 (-27.2%), from €1.0m to €750,246
- Write-downs +€230,922
up €230,922, from -€25,022 to €205,899
- Financial income +€159,646
up €159,646 (+432%), from €36,956 to €196,603
of which Non-recurring financial income: +€153,615
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€229,578
Gross operating margin
-€279,688
Staff costs
+€16,215
Depreciation
-€6,132
Write-downs
-€230,922
Other operating charges
-€856
Financial income
+€159,646
Financial charges
-€1,033
Taxes
+€82,836
Result 2025
-€30,355
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€241,072
Investment
-€158,560
Financing
+€15,101
Cash 2024
€605,925
From operations (derived)
+€241,072
Net result for the year
-€30,355
Depreciation
+€122,574
Receivables after one year
-€100,000
Stocks and contracts
-€48,203
Receivables within one year
+€559,883
Deferred charges and accrued income
+€7,182
Trade debts
+€231,296
Tax, wage and social debts
-€18,431
Other debts
-€481,678
Accrued charges and deferred income
-€1,196
Investment (derived)
-€158,560
Investment in fixed assets (net)
-€158,560
Financing
+€15,101
Debts after one year
-€27,339
Current portion of long-term debt
-€30,836
Short-term financial debts
+€2,766
Contributions, distributions and other
+€70,510
Cash 2025
€703,537
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,448,847 | €4,163,583 | -€285,264 | -6.4% |
| Fixed assets | 21/28 | €317,893 | €353,879 | +€35,986 | +11.3% |
| Tangible fixed assets | 22/27 | €315,921 | €348,432 | +€32,511 | +10.3% |
| Plant, machinery and equipment | 23 | €208,158 | €299,873 | +€91,715 | +44.1% |
| Furniture and vehicles | 24 | €60,438 | €43,315 | -€17,123 | -28.3% |
| Leasing and similar rights | 25 | €47,325 | €5,244 | -€42,082 | -88.9% |
| Financial fixed assets | 28 | €1,972 | €5,447 | +€3,475 | +176% |
| Current assets | 29/58 | €4,130,953 | €3,809,704 | -€321,250 | -7.8% |
| Amounts receivable after more than one year | 29 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Other amounts receivable | 291 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Stocks and contracts in progress | 3 | €335,344 | €383,547 | +€48,203 | +14.4% |
| Stocks | 30/36 | €335,344 | €383,547 | +€48,203 | +14.4% |
| Amounts receivable within one year | 40/41 | €2,478,416 | €1,918,533 | -€559,883 | -22.6% |
| Trade receivables | 40 | €1,805,863 | €1,802,684 | -€3,180 | -0.2% |
| Other amounts receivable | 41 | €672,553 | €115,850 | -€556,703 | -82.8% |
| Cash at bank and in hand | 54/58 | €605,925 | €703,537 | +€97,612 | +16.1% |
| Deferred charges and accrued income | 490/1 | €11,268 | €4,086 | -€7,182 | -63.7% |
| Total equity and liabilities | 10/49 | €4,448,847 | €4,163,583 | -€285,264 | -6.4% |
| Equity | 10/15 | €2,314,054 | €2,354,209 | +€40,155 | +1.7% |
| Contributions | 10/11 | €270,174 | €270,174 | = | 0.0% |
| Capital | 10 | €270,174 | €270,174 | = | 0.0% |
| Issued capital | 100 | €270,174 | €270,174 | = | 0.0% |
| Reserves | 13 | €141,715 | €141,715 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,200 | €27,200 | = | 0.0% |
| Legal reserve | 130 | €27,200 | €27,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,515 | €114,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,812,641 | €1,782,286 | -€30,355 | -1.7% |
| Investment grants | 15 | €89,523 | €160,033 | +€70,510 | +78.8% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,124,793 | €1,799,374 | -€325,419 | -15.3% |
| Amounts payable after more than one year | 17 | €27,339 | - | -€27,339 | |
| Financial debts | 170/4 | €27,339 | - | -€27,339 | |
| Amounts payable within one year | 42/48 | €2,096,258 | €1,799,374 | -€296,884 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €42,889 | €12,053 | -€30,836 | -71.9% |
| Financial debts | 43 | €291,503 | €294,269 | +€2,766 | +0.9% |
| Credit institutions | 430/8 | €291,503 | €294,269 | +€2,766 | +0.9% |
| Trade debts | 44 | €1,099,304 | €1,330,600 | +€231,296 | +21.0% |
| Suppliers | 440/4 | €1,099,304 | €1,330,600 | +€231,296 | +21.0% |
| Taxes, remuneration and social security | 45 | €151,219 | €132,789 | -€18,431 | -12.2% |
| Taxes | 450/3 | €41,122 | €13,990 | -€27,132 | -66.0% |
| Remuneration and social security | 454/9 | €110,098 | €118,799 | +€8,701 | +7.9% |
| Other amounts payable | 47/48 | €511,343 | €29,664 | -€481,678 | -94.2% |
| Accrued charges and deferred income | 492/3 | €1,196 | €0 | -€1,196 | -100% |
| Turnover | 70 | €12,037,709 | €12,650,105 | +€612,397 | +5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,021,780 | €11,923,417 | +€901,637 | +8.2% |
| Remuneration, social security and pensions | 62 | €607,824 | €591,609 | -€16,215 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,443 | €122,574 | +€6,132 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,022 | €205,899 | +€230,922 | |
| Other operating charges | 640/8 | €25,913 | €26,769 | +€856 | +3.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,029,934 | €750,246 | -€279,688 | -27.2% |
| Operating profit (loss) | 9901 | €304,777 | -€196,606 | -€501,383 | |
| Financial income | 75/76B | €36,956 | €196,603 | +€159,646 | +432% |
| Recurring financial income | 75 | €36,956 | €42,988 | +€6,031 | +16.3% |
| Non-recurring financial income | 76B | - | €153,615 | +€153,615 | |
| Financial charges | 65/66B | €29,319 | €30,352 | +€1,033 | +3.5% |
| Recurring financial charges | 65 | €29,319 | €28,710 | -€610 | -2.1% |
| Non-recurring financial charges | 66B | - | €1,643 | +€1,643 | |
| Profit (loss) for the period before taxes | 9903 | €312,414 | -€30,355 | -€342,769 | |
| Income taxes | 67/77 | €82,836 | - | -€82,836 | |
| Profit (loss) for the period | 9904 | €229,578 | -€30,355 | -€259,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €229,578 | -€30,355 | -€259,933 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.