James Grill Claude: 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.
James Grill Claude
Largest movements
- Cash -€25,071
down €25,071 (-92.4%), from €27,123 to €2,053
mainly Net result for the year (-€36,524) and Debts after one year (-€9,703)
- Tangible fixed assets -€14,097
down €14,097 (-25.1%), from €56,113 to €42,016
of which Plant, machinery and equipment: -€14,097
- Receivables within one year -€2,274
down €2,274 (-47.7%), from €4,771 to €2,497
- Deferred charges and accrued income -€1,078
down €1,078 (-22.7%), from €4,738 to €3,660
- Profit (loss) carried forward -€36,524
down €36,524 (-69.1%), from €52,826 to €16,301
- Debts after one year -€9,703
down €9,703 (-37.5%), from €25,874 to €16,171
- Tax, wage and social debts +€2,928
up €2,928 (+197%), from €1,484 to €4,411
of which Remuneration and social security: +€2,707
- Trade debts +€1,625
up €1,625 (+44.4%), from €3,660 to €5,286
- Staff costs +€23,069
up €23,069 (+547%), from €4,220 to €27,289
- Turnover -€20,837
down €20,837 (-16.4%), from €127,073 to €106,236
- Purchases and services -€19,802
down €19,802 (-17.7%), from €111,795 to €91,994
- Taxes +€3,808
up €3,808 (+315%), from €1,207 to €5,016
- Depreciation -€2,125
down €2,125 (-13.1%), from €16,222 to €14,097
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 | €94,392 | €51,872 | -€42,520 | -45.0% |
| Fixed assets | 21/28 | €56,273 | €42,176 | -€14,097 | -25.1% |
| Tangible fixed assets | 22/27 | €56,113 | €42,016 | -€14,097 | -25.1% |
| Plant, machinery and equipment | 23 | €56,113 | €42,016 | -€14,097 | -25.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €38,119 | €9,696 | -€28,423 | -74.6% |
| Stocks and contracts in progress | 3 | €1,486 | €1,486 | = | 0.0% |
| Stocks | 30/36 | €1,486 | €1,486 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,771 | €2,497 | -€2,274 | -47.7% |
| Other amounts receivable | 41 | €4,771 | €2,497 | -€2,274 | -47.7% |
| Cash at bank and in hand | 54/58 | €27,123 | €2,053 | -€25,071 | -92.4% |
| Deferred charges and accrued income | 490/1 | €4,738 | €3,660 | -€1,078 | -22.7% |
| Total equity and liabilities | 10/49 | €94,392 | €51,872 | -€42,520 | -45.0% |
| Equity | 10/15 | €52,826 | €16,301 | -€36,524 | -69.1% |
| Profit (loss) carried forward | 14 | €52,826 | €16,301 | -€36,524 | -69.1% |
| Amounts payable | 17/49 | €41,566 | €35,571 | -€5,995 | -14.4% |
| Amounts payable after more than one year | 17 | €25,874 | €16,171 | -€9,703 | -37.5% |
| Financial debts | 170/4 | €25,874 | €16,171 | -€9,703 | -37.5% |
| Amounts payable within one year | 42/48 | €15,692 | €19,400 | +€3,707 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €10,548 | €9,703 | -€846 | -8.0% |
| Trade debts | 44 | €3,660 | €5,286 | +€1,625 | +44.4% |
| Suppliers | 440/4 | €3,660 | €5,286 | +€1,625 | +44.4% |
| Taxes, remuneration and social security | 45 | €1,484 | €4,411 | +€2,928 | +197% |
| Taxes | 450/3 | €0 | €221 | +€221 | |
| Remuneration and social security | 454/9 | €1,484 | €4,191 | +€2,707 | +182% |
| Turnover | 70 | €127,073 | €106,236 | -€20,837 | -16.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,795 | €91,994 | -€19,802 | -17.7% |
| Remuneration, social security and pensions | 62 | €4,220 | €27,289 | +€23,069 | +547% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,222 | €14,097 | -€2,125 | -13.1% |
| Other operating charges | 640/8 | €1,602 | €2,250 | +€647 | +40.4% |
| Non-recurring operating charges | 66A | €1,845 | - | -€1,845 | |
| Gross operating margin | 9900 | €15,278 | €14,242 | -€1,035 | -6.8% |
| Operating profit (loss) | 9901 | -€8,612 | -€29,393 | -€20,781 | -241% |
| Financial income | 75/76B | €7 | €1 | -€6 | -88.2% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -88.2% |
| Financial charges | 65/66B | €2,346 | €2,117 | -€229 | -9.8% |
| Recurring financial charges | 65 | €2,346 | €2,117 | -€229 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,951 | -€31,509 | -€20,558 | -188% |
| Income taxes | 67/77 | €1,207 | €5,016 | +€3,808 | +315% |
| Profit (loss) for the period | 9904 | -€12,158 | -€36,524 | -€24,367 | -200% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,158 | -€36,524 | -€24,367 | -200% |
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 25 October 2026 via checked.be.