GROSJEAN ANDRE: 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.
GROSJEAN ANDRE
Largest movements
- Receivables within one year -€8,279
down €8,279 (-18.2%), from €45,385 to €37,106
of which Other amounts receivable: -€10,291
- Cash -€4,387
down €4,387 (-14.4%), from €30,371 to €25,984
mainly Net result for the year (-€8,999) and Tax, wage and social debts (-€7,840)
- Deferred charges and accrued income +€1,854
new in 2025: €1,854
- Stocks and contracts -€1,150
down €1,150 (-11.9%), from €9,650 to €8,500
- Profit (loss) carried forward -€8,999
down €8,999 (-31.2%), from €28,870 to €19,870
- Tax, wage and social debts -€7,840
down €7,840 (-43.7%), from €17,943 to €10,103
of which Taxes: -€6,931
- Trade debts +€6,598
up €6,598 (+157%), from €4,201 to €10,799
- Other operating charges +€23,170
up €23,170 (+965%), from €2,402 to €25,571
- Gross operating margin +€2,947
up €2,947 (+8.7%), from €33,883 to €36,830
- Financial charges +€879
up €879 (+99.8%), from €881 to €1,760
- Taxes -€575
down €575 (-8.2%), from €7,032 to €6,457
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 | €110,690 | €99,702 | -€10,988 | -9.9% |
| Fixed assets | 21/28 | €25,283 | €26,257 | +€974 | +3.9% |
| Tangible fixed assets | 22/27 | €24,988 | €25,962 | +€974 | +3.9% |
| Land and buildings | 22 | €23,789 | €25,039 | +€1,249 | +5.3% |
| Plant, machinery and equipment | 23 | €1,199 | €923 | -€275 | -23.0% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €85,406 | €73,444 | -€11,962 | -14.0% |
| Stocks and contracts in progress | 3 | €9,650 | €8,500 | -€1,150 | -11.9% |
| Stocks | 30/36 | €9,650 | €8,500 | -€1,150 | -11.9% |
| Amounts receivable within one year | 40/41 | €45,385 | €37,106 | -€8,279 | -18.2% |
| Trade receivables | 40 | €34,035 | €36,047 | +€2,012 | +5.9% |
| Other amounts receivable | 41 | €11,350 | €1,059 | -€10,291 | -90.7% |
| Cash at bank and in hand | 54/58 | €30,371 | €25,984 | -€4,387 | -14.4% |
| Deferred charges and accrued income | 490/1 | - | €1,854 | +€1,854 | |
| Total equity and liabilities | 10/49 | €110,690 | €99,702 | -€10,988 | -9.9% |
| Equity | 10/15 | €87,798 | €78,799 | -€8,999 | -10.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €34,139 | €34,139 | = | 0.0% |
| Distributable reserves | 133 | €34,139 | €34,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,870 | €19,870 | -€8,999 | -31.2% |
| Amounts payable | 17/49 | €22,892 | €20,903 | -€1,989 | -8.7% |
| Amounts payable within one year | 42/48 | €22,892 | €20,903 | -€1,989 | -8.7% |
| Trade debts | 44 | €4,201 | €10,799 | +€6,598 | +157% |
| Suppliers | 440/4 | €4,201 | €10,799 | +€6,598 | +157% |
| Taxes, remuneration and social security | 45 | €17,943 | €10,103 | -€7,840 | -43.7% |
| Taxes | 450/3 | €14,734 | €7,802 | -€6,931 | -47.0% |
| Remuneration and social security | 454/9 | €3,210 | €2,301 | -€909 | -28.3% |
| Other amounts payable | 47/48 | €747 | €0 | -€747 | -100% |
| Remuneration, social security and pensions | 62 | €10,354 | €10,702 | +€348 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €1,339 | +€103 | +8.3% |
| Other operating charges | 640/8 | €2,402 | €25,571 | +€23,170 | +965% |
| Gross operating margin | 9900 | €33,883 | €36,830 | +€2,947 | +8.7% |
| Operating profit (loss) | 9901 | €19,891 | -€782 | -€20,674 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €881 | €1,760 | +€879 | +99.8% |
| Recurring financial charges | 65 | €881 | €1,760 | +€879 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €19,011 | -€2,542 | -€21,552 | |
| Income taxes | 67/77 | €7,032 | €6,457 | -€575 | -8.2% |
| Profit (loss) for the period | 9904 | €11,978 | -€8,999 | -€20,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,978 | -€8,999 | -€20,977 |
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 17 October 2026 via checked.be.