Grignet et Breda: 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.
Grignet et Breda
Largest movements
- Receivables within one year -€70,642
down €70,642 (-28.8%), from €245,201 to €174,559
of which Trade receivables: -€64,944
- Cash +€61,443
up €61,443 (+24.6%), from €249,645 to €311,089
mainly Receivables within one year (+€70,642) and Stocks and contracts (+€17,284)
- Stocks and contracts -€17,284
down €17,284 (-11.7%), from €148,055 to €130,771
- Profit (loss) carried forward -€15,360
down €15,360 (-6.2%), from €245,773 to €230,412
- Trade debts -€12,093
down €12,093 (-11.7%), from €103,104 to €91,011
- Gross operating margin -€22,969
down €22,969 (-8.7%), from €263,105 to €240,136
- Staff costs +€18,657
up €18,657 (+8.4%), from €222,719 to €241,376
- Depreciation -€7,862
down €7,862 (-62.9%), from €12,506 to €4,644
- Taxes -€5,692
down €5,692 (-97.1%), from €5,860 to €168
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 | €673,678 | €640,152 | -€33,526 | -5.0% |
| Fixed assets | 21/28 | €22,721 | €18,077 | -€4,644 | -20.4% |
| Tangible fixed assets | 22/27 | €21,245 | €16,601 | -€4,644 | -21.9% |
| Land and buildings | 22 | €9,601 | €8,756 | -€845 | -8.8% |
| Plant, machinery and equipment | 23 | €10,987 | €7,550 | -€3,438 | -31.3% |
| Furniture and vehicles | 24 | €657 | €296 | -€361 | -55.0% |
| Financial fixed assets | 28 | €1,476 | €1,476 | = | 0.0% |
| Current assets | 29/58 | €650,957 | €622,075 | -€28,882 | -4.4% |
| Stocks and contracts in progress | 3 | €148,055 | €130,771 | -€17,284 | -11.7% |
| Stocks | 30/36 | €148,055 | €130,771 | -€17,284 | -11.7% |
| Amounts receivable within one year | 40/41 | €245,201 | €174,559 | -€70,642 | -28.8% |
| Trade receivables | 40 | €207,804 | €142,861 | -€64,944 | -31.3% |
| Other amounts receivable | 41 | €37,396 | €31,698 | -€5,698 | -15.2% |
| Cash at bank and in hand | 54/58 | €249,645 | €311,089 | +€61,443 | +24.6% |
| Deferred charges and accrued income | 490/1 | €8,055 | €5,656 | -€2,399 | -29.8% |
| Total equity and liabilities | 10/49 | €673,678 | €640,152 | -€33,526 | -5.0% |
| Equity | 10/15 | €527,571 | €512,211 | -€15,360 | -2.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €220,298 | €220,298 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,866 | €8,866 | = | 0.0% |
| Legal reserve | 130 | €8,866 | €8,866 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,433 | €53,433 | = | 0.0% |
| Distributable reserves | 133 | €157,999 | €157,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,773 | €230,412 | -€15,360 | -6.2% |
| Amounts payable | 17/49 | €146,107 | €127,941 | -€18,166 | -12.4% |
| Amounts payable within one year | 42/48 | €145,987 | €127,573 | -€18,414 | -12.6% |
| Trade debts | 44 | €103,104 | €91,011 | -€12,093 | -11.7% |
| Suppliers | 440/4 | €103,104 | €91,011 | -€12,093 | -11.7% |
| Taxes, remuneration and social security | 45 | €42,883 | €36,563 | -€6,321 | -14.7% |
| Taxes | 450/3 | €15,871 | €10,492 | -€5,379 | -33.9% |
| Remuneration and social security | 454/9 | €27,013 | €26,071 | -€942 | -3.5% |
| Accrued charges and deferred income | 492/3 | €119 | €368 | +€248 | +208% |
| Non-recurring operating income | 76A | €39,008 | - | -€39,008 | |
| Remuneration, social security and pensions | 62 | €222,719 | €241,376 | +€18,657 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,506 | €4,644 | -€7,862 | -62.9% |
| Other operating charges | 640/8 | €7,843 | €7,615 | -€228 | -2.9% |
| Gross operating margin | 9900 | €263,105 | €240,136 | -€22,969 | -8.7% |
| Operating profit (loss) | 9901 | €20,036 | -€13,499 | -€33,535 | |
| Financial income | 75/76B | €11 | €202 | +€191 | +1,725% |
| Recurring financial income | 75 | €11 | €202 | +€191 | +1,725% |
| Financial charges | 65/66B | €2,063 | €1,895 | -€168 | -8.1% |
| Recurring financial charges | 65 | €2,063 | €1,895 | -€168 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €17,985 | -€15,192 | -€33,177 | |
| Income taxes | 67/77 | €5,860 | €168 | -€5,692 | -97.1% |
| Profit (loss) for the period | 9904 | €12,125 | -€15,360 | -€27,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,125 | -€15,360 | -€27,485 |
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 22 October 2026 via checked.be.