GRIETENS CONCEPT: 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
GRIETENS CONCEPT
NACE 47.551, Retail sale of household furniture
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€245,741
2025 · €140,609+€105,132
Equity
€770,852
2025 · €594,821+€176,031
Cash
€250,459
2025 · €206,856+€43,604
Balance sheet total
€3.6m
2025 · €3.4m+€217,626
Largest movements
Assets
- Stocks and contracts +€290,426
up €290,426 (+43.8%), from €662,586 to €953,013
- Tangible fixed assets -€100,045
down €100,045 (-4.6%), from €2.2m to €2.1m
of which Land and buildings: -€103,799
- Cash +€43,604
up €43,604 (+21.1%), from €206,856 to €250,459
mainly Net result for the year (+€245,741) and Depreciation (+€184,814)
Equity and liabilities
- Debts after one year -€188,537
down €188,537 (-13.5%), from €1.4m to €1.2m
- Reserves +€176,031
up €176,031 (+33.0%), from €532,821 to €708,852
of which Distributable reserves: +€177,336
- Trade debts +€167,414
up €167,414 (+30.4%), from €550,366 to €717,780
- Other debts +€108,273
up €108,273 (+146%), from €74,230 to €182,502
- Short-term financial debts -€75,000
down €75,000 (-48.4%), from €155,000 to €80,000
Income statement
- Staff costs -€151,087
down €151,087 (-14.9%), from €1.0m to €864,984
- Taxes +€43,279
up €43,279 (+55.3%), from €78,270 to €121,549
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
€140,609
Gross operating margin
+€4,713
Staff costs
+€151,087
Depreciation
-€8,202
Other operating charges
-€1,599
Financial income
-€80
Financial charges
+€2,493
Taxes
-€43,279
Result 2026
€245,741
raises the resultlowers the result
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
+€412,731
Investment
-€70,664
Financing
-€298,462
Cash 2025
€206,856
From operations (derived)
+€412,731
Net result for the year
+€245,741
Depreciation
+€184,814
Stocks and contracts
-€290,426
Receivables within one year
+€3,547
Deferred charges and accrued income
-€1,292
Smaller working-capital items
-€220
Trade debts
+€167,414
Tax, wage and social debts
-€5,120
Other debts
+€108,273
Investment (derived)
-€70,664
Investment in fixed assets (net)
-€70,664
Financing
-€298,462
Debts after one year
-€188,537
Current portion of long-term debt
+€34,784
Short-term financial debts
-€75,000
Contributions, distributions and other
-€69,709
Cash 2026
€250,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,384,366 | €3,601,991 | +€217,626 | +6.4% |
| Fixed assets | 21/28 | €2,205,721 | €2,091,572 | -€114,149 | -5.2% |
| Intangible fixed assets | 21 | €34,621 | €20,517 | -€14,104 | -40.7% |
| Tangible fixed assets | 22/27 | €2,170,101 | €2,070,056 | -€100,045 | -4.6% |
| Land and buildings | 22 | €1,853,730 | €1,749,931 | -€103,799 | -5.6% |
| Plant, machinery and equipment | 23 | €174,808 | €151,590 | -€23,218 | -13.3% |
| Furniture and vehicles | 24 | €32,670 | €33,078 | +€408 | +1.2% |
| Leasing and similar rights | 25 | - | €51,566 | +€51,566 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €108,893 | €83,892 | -€25,001 | -23.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,178,644 | €1,510,419 | +€331,775 | +28.1% |
| Stocks and contracts in progress | 3 | €662,586 | €953,013 | +€290,426 | +43.8% |
| Stocks | 30/36 | €662,586 | €953,013 | +€290,426 | +43.8% |
| Amounts receivable within one year | 40/41 | €289,904 | €286,357 | -€3,547 | -1.2% |
| Trade receivables | 40 | €289,904 | €285,069 | -€4,835 | -1.7% |
| Other amounts receivable | 41 | - | €1,288 | +€1,288 | |
| Cash at bank and in hand | 54/58 | €206,856 | €250,459 | +€43,604 | +21.1% |
| Deferred charges and accrued income | 490/1 | €19,298 | €20,590 | +€1,292 | +6.7% |
| Total equity and liabilities | 10/49 | €3,384,366 | €3,601,991 | +€217,626 | +6.4% |
| Equity | 10/15 | €594,821 | €770,852 | +€176,031 | +29.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €532,821 | €708,852 | +€176,031 | +33.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,881 | €26,577 | -€1,304 | -4.7% |
| Distributable reserves | 133 | €498,740 | €676,076 | +€177,336 | +35.6% |
| Provisions and deferred taxes | 16 | €149,702 | €149,030 | -€672 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €145,000 | €145,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €145,000 | €145,000 | = | 0.0% |
| Deferred taxes | 168 | €4,702 | €4,030 | -€672 | -14.3% |
| Amounts payable | 17/49 | €2,639,843 | €2,682,109 | +€42,266 | +1.6% |
| Amounts payable after more than one year | 17 | €1,401,472 | €1,212,936 | -€188,537 | -13.5% |
| Financial debts | 170/4 | €1,401,472 | €1,212,936 | -€188,537 | -13.5% |
| Amounts payable within one year | 42/48 | €1,231,126 | €1,461,476 | +€230,351 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €256,716 | €291,499 | +€34,784 | +13.5% |
| Financial debts | 43 | €155,000 | €80,000 | -€75,000 | -48.4% |
| Credit institutions | 430/8 | €155,000 | €80,000 | -€75,000 | -48.4% |
| Trade debts | 44 | €550,366 | €717,780 | +€167,414 | +30.4% |
| Suppliers | 440/4 | €550,366 | €717,780 | +€167,414 | +30.4% |
| Taxes, remuneration and social security | 45 | €194,814 | €189,695 | -€5,120 | -2.6% |
| Taxes | 450/3 | €79,877 | €94,819 | +€14,941 | +18.7% |
| Remuneration and social security | 454/9 | €114,937 | €94,876 | -€20,061 | -17.5% |
| Other amounts payable | 47/48 | €74,230 | €182,502 | +€108,273 | +146% |
| Accrued charges and deferred income | 492/3 | €7,245 | €7,697 | +€452 | +6.2% |
| Remuneration, social security and pensions | 62 | €1,016,070 | €864,984 | -€151,087 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,612 | €184,814 | +€8,202 | +4.6% |
| Other operating charges | 640/8 | €20,188 | €21,787 | +€1,599 | +7.9% |
| Gross operating margin | 9900 | €1,454,985 | €1,459,698 | +€4,713 | +0.3% |
| Operating profit (loss) | 9901 | €242,115 | €388,114 | +€145,998 | +60.3% |
| Financial income | 75/76B | €20,179 | €20,099 | -€80 | -0.4% |
| Recurring financial income | 75 | €20,179 | €20,099 | -€80 | -0.4% |
| Financial charges | 65/66B | €44,087 | €41,594 | -€2,493 | -5.7% |
| Recurring financial charges | 65 | €44,087 | €41,594 | -€2,493 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €218,207 | €366,618 | +€148,411 | +68.0% |
| Transfer from deferred taxes | 780 | €672 | €672 | = | 0.0% |
| Income taxes | 67/77 | €78,270 | €121,549 | +€43,279 | +55.3% |
| Profit (loss) for the period | 9904 | €140,609 | €245,741 | +€105,132 | +74.8% |
| Transfer from tax-exempt reserves | 789 | €1,304 | €1,304 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,913 | €247,045 | +€105,132 | +74.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.