GREVEN: what changed
Two fiscal 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
GREVEN
NACE 47.551, Retail sale of household furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€178,227
2024 · €124,126+€54,101
Equity
€1.2m
2024 · €1.2m-€2,376
Cash
€83,570
2024 · €154,899-€71,330
Balance sheet total
€1.5m
2024 · €1.4m+€61,512
Largest movements
Assets
- Receivables within one year +€244,138
up €244,138 (+375.7%), from €64,984 to €309,122
of which Other amounts receivable: +€245,000
- Current investments -€108,000
no longer reported in 2025 (was €108,000)
- Cash -€71,330
down €71,330 (-46.0%), from €154,899 to €83,570
mainly Receivables within one year (-€244,138) and Contributions, distributions and other (-€180,602)
Equity and liabilities
- Other debts +€54,191
up €54,191 (+42.8%), from €126,501 to €180,692
Income statement
- Gross operating margin +€69,749
up €69,749 (+24.1%), from €288,911 to €358,660
- Taxes +€18,150
up €18,150 (+40.8%), from €44,442 to €62,592
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.
Result 2024
€124,126
Gross operating margin
+€69,749
Staff costs
-€1,277
Depreciation
+€668
Other operating charges
+€278
Financial income
+€3,007
Financial charges
-€173
Taxes
-€18,150
Result 2025
€178,227
Cash bridge derived
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.
From operations
+€26,935
Investment
+€82,338
Financing
-€180,602
Cash 2024
€154,899
From operations (derived)
+€26,935
Net result for the year
+€178,227
Depreciation
+€40,302
Stocks and contracts
-€11,252
Receivables within one year
-€244,138
Deferred charges and accrued income
-€91
Provisions
-€1,114
Trade debts
-€683
Tax, wage and social debts
+€8,510
Advances received
+€2,983
Other debts
+€54,191
Investment (derived)
+€82,338
Investment in fixed assets (net)
-€25,662
Current investments
+€108,000
Financing
-€180,602
Contributions, distributions and other
-€180,602
Cash 2025
€83,570
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,409,187 | €1,470,699 | +€61,512 | +4.4% |
| Fixed assets | 21/28 | €856,217 | €841,577 | -€14,640 | -1.7% |
| Tangible fixed assets | 22/27 | €856,217 | €841,577 | -€14,640 | -1.7% |
| Land and buildings | 22 | €852,685 | €838,626 | -€14,059 | -1.6% |
| Furniture and vehicles | 24 | €3,533 | €2,951 | -€581 | -16.5% |
| Current assets | 29/58 | €552,970 | €629,122 | +€76,152 | +13.8% |
| Stocks and contracts in progress | 3 | €221,964 | €233,216 | +€11,252 | +5.1% |
| Stocks | 30/36 | €221,964 | €233,216 | +€11,252 | +5.1% |
| Amounts receivable within one year | 40/41 | €64,984 | €309,122 | +€244,138 | +375.7% |
| Trade receivables | 40 | €12,984 | €12,122 | -€862 | -6.6% |
| Other amounts receivable | 41 | €52,000 | €297,000 | +€245,000 | +471.2% |
| Current investments | 50/53 | €108,000 | - | -€108,000 | |
| Cash at bank and in hand | 54/58 | €154,899 | €83,570 | -€71,330 | -46.0% |
| Deferred charges and accrued income | 490/1 | €3,123 | €3,214 | +€91 | +2.9% |
| Total equity and liabilities | 10/49 | €1,409,187 | €1,470,699 | +€61,512 | +4.4% |
| Equity | 10/15 | €1,224,925 | €1,222,549 | -€2,376 | -0.2% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,016,671 | €1,014,296 | -€2,376 | -0.2% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €328,142 | €325,766 | -€2,376 | -0.7% |
| Distributable reserves | 133 | €676,130 | €676,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,253 | €84,253 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,100 | €13,986 | -€1,114 | -7.4% |
| Deferred taxes | 168 | €15,100 | €13,986 | -€1,114 | -7.4% |
| Amounts payable | 17/49 | €169,163 | €234,164 | +€65,001 | +38.4% |
| Amounts payable within one year | 42/48 | €169,163 | €234,164 | +€65,001 | +38.4% |
| Trade debts | 44 | €10,682 | €9,999 | -€683 | -6.4% |
| Suppliers | 440/4 | €10,682 | €9,999 | -€683 | -6.4% |
| Advances received on contracts in progress | 46 | €5,059 | €8,042 | +€2,983 | +59.0% |
| Taxes, remuneration and social security | 45 | €26,921 | €35,431 | +€8,510 | +31.6% |
| Taxes | 450/3 | €20,610 | €21,576 | +€966 | +4.7% |
| Remuneration and social security | 454/9 | €6,311 | €13,855 | +€7,544 | +119.5% |
| Other amounts payable | 47/48 | €126,501 | €180,692 | +€54,191 | +42.8% |
| Remuneration, social security and pensions | 62 | €79,414 | €80,691 | +€1,277 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,970 | €40,302 | -€668 | -1.6% |
| Other operating charges | 640/8 | €11,718 | €11,440 | -€278 | -2.4% |
| Gross operating margin | 9900 | €288,911 | €358,660 | +€69,749 | +24.1% |
| Operating profit (loss) | 9901 | €156,809 | €226,227 | +€69,418 | +44.3% |
| Financial income | 75/76B | €11,648 | €14,655 | +€3,007 | +25.8% |
| Recurring financial income | 75 | €11,648 | €14,655 | +€3,007 | +25.8% |
| Financial charges | 65/66B | €1,004 | €1,177 | +€173 | +17.2% |
| Recurring financial charges | 65 | €1,004 | €1,177 | +€173 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €167,454 | €239,705 | +€72,251 | +43.1% |
| Transfer from deferred taxes | 780 | €1,114 | €1,114 | = | 0.0% |
| Income taxes | 67/77 | €44,442 | €62,592 | +€18,150 | +40.8% |
| Profit (loss) for the period | 9904 | €124,126 | €178,227 | +€54,101 | +43.6% |
| Transfer from tax-exempt reserves | 789 | €2,376 | €2,376 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,501 | €180,602 | +€54,101 | +42.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.