GREVENDONCK: what changed
GREVENDONCK
Largest movements
- Receivables within one year -€36,061
down €36,061 (-77.8%), from €46,366 to €10,305
of which Trade receivables: -€26,461
- Cash +€12,776
up €12,776 (+93.6%), from €13,647 to €26,423
mainly Receivables within one year (+€36,061) and Depreciation (+€12,283)
- Tangible fixed assets -€8,628
down €8,628 (-21.4%), from €40,273 to €31,645
of which Leasing and similar rights: -€5,894
- Stocks and contracts -€5,500
down €5,500 (-84.6%), from €6,500 to €1,000
- Deferred charges and accrued income +€1,762
new in 2025: €1,762
- Profit (loss) carried forward -€19,415
down €19,415, from €2,916 to -€16,499
- Debts after one year -€12,556
down €12,556 (-52.3%), from €24,002 to €11,445
- Tax, wage and social debts -€4,670
no longer reported in 2025 (was €4,670)
- Trade debts -€2,439
down €2,439 (-11.8%), from €20,607 to €18,168
- Current portion of long-term debt +€2,420
up €2,420 (+43.0%), from €5,631 to €8,051
- Gross operating margin -€24,078
down €24,078, from €20,198 to -€3,879
- Taxes -€1,962
no longer reported in 2025 (was €1,962)
- Depreciation +€1,486
up €1,486 (+13.8%), from €10,797 to €12,283
- Staff costs -€576
no longer reported in 2025 (was €576)
- Financial charges -€436
down €436 (-16.8%), from €2,599 to €2,164
of which Financial charges: -€735
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,786 | €71,135 | -€35,651 | -33.4% |
| Fixed assets | 21/28 | €40,273 | €31,645 | -€8,628 | -21.4% |
| Tangible fixed assets | 22/27 | €40,273 | €31,645 | -€8,628 | -21.4% |
| Plant, machinery and equipment | 23 | €13,571 | €13,398 | -€173 | -1.3% |
| Furniture and vehicles | 24 | €8,859 | €6,298 | -€2,561 | -28.9% |
| Leasing and similar rights | 25 | €17,843 | €11,949 | -€5,894 | -33.0% |
| Current assets | 29/58 | €66,513 | €39,490 | -€27,023 | -40.6% |
| Stocks and contracts in progress | 3 | €6,500 | €1,000 | -€5,500 | -84.6% |
| Stocks | 30/36 | €6,500 | €1,000 | -€5,500 | -84.6% |
| Amounts receivable within one year | 40/41 | €46,366 | €10,305 | -€36,061 | -77.8% |
| Trade receivables | 40 | €31,713 | €5,252 | -€26,461 | -83.4% |
| Other amounts receivable | 41 | €14,653 | €5,053 | -€9,600 | -65.5% |
| Cash at bank and in hand | 54/58 | €13,647 | €26,423 | +€12,776 | +93.6% |
| Deferred charges and accrued income | 490/1 | - | €1,762 | +€1,762 | |
| Total equity and liabilities | 10/49 | €106,786 | €71,135 | -€35,651 | -33.4% |
| Equity | 10/15 | €51,876 | €32,461 | -€19,415 | -37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,360 | €30,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,500 | €28,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,916 | -€16,499 | -€19,415 | |
| Amounts payable | 17/49 | €54,910 | €38,674 | -€16,235 | -29.6% |
| Amounts payable after more than one year | 17 | €24,002 | €11,445 | -€12,556 | -52.3% |
| Financial debts | 170/4 | €24,002 | €11,445 | -€12,556 | -52.3% |
| Amounts payable within one year | 42/48 | €30,908 | €27,229 | -€3,679 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €5,631 | €8,051 | +€2,420 | +43.0% |
| Trade debts | 44 | €20,607 | €18,168 | -€2,439 | -11.8% |
| Suppliers | 440/4 | €20,607 | €18,168 | -€2,439 | -11.8% |
| Taxes, remuneration and social security | 45 | €4,670 | - | -€4,670 | |
| Taxes | 450/3 | €4,670 | - | -€4,670 | |
| Other amounts payable | 47/48 | - | €1,010 | +€1,010 | |
| Remuneration, social security and pensions | 62 | €576 | - | -€576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,797 | €12,283 | +€1,486 | +13.8% |
| Other operating charges | 640/8 | €1,184 | €1,089 | -€95 | -8.0% |
| Gross operating margin | 9900 | €20,198 | -€3,879 | -€24,078 | |
| Operating profit (loss) | 9901 | €7,641 | -€17,252 | -€24,893 | |
| Financial charges | 65/66B | €2,599 | €2,164 | -€436 | -16.8% |
| Recurring financial charges | 65 | €2,420 | €1,685 | -€735 | -30.4% |
| Non-recurring financial charges | 66B | €179 | €479 | +€300 | +167% |
| Profit (loss) for the period before taxes | 9903 | €5,042 | -€19,415 | -€24,457 | |
| Income taxes | 67/77 | €1,962 | - | -€1,962 | |
| Profit (loss) for the period | 9904 | €3,080 | -€19,415 | -€22,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,080 | -€19,415 | -€22,496 |
Next steps
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 1 November 2026 via checked.be.