LE GRAIN NOBLE: what changed
What changed
LE GRAIN NOBLE
NACE 46.341, Wholesale of wines and spirits
filed annual accounts (NBB)
Net result for the year
-€26,523
2024 · €6,691-€33,214
Equity
€1,075
2024 · €27,598-€26,523
Cash
€6,852
2024 · €3,021+€3,831
Balance sheet total
€473,803
2024 · €486,823-€13,021
Largest movements
Assets
- Stocks and contracts -€12,131
down €12,131 (-2.7%), from €447,423 to €435,292
Equity and liabilities
- Profit (loss) carried forward -€26,523
down €26,523 (-32.0%), from -€82,847 to -€109,370
- Trade debts +€25,585
up €25,585 (+41.0%), from €62,364 to €87,949
- Other debts +€10,570
up €10,570 (+3.0%), from €356,434 to €367,004
- Short-term financial debts -€10,061
down €10,061 (-52.0%), from €19,339 to €9,277
- Current portion of long-term debt -€6,751
down €6,751 (-57.3%), from €11,780 to €5,029
Income statement
- Gross operating margin -€19,115
down €19,115 (-46.6%), from €40,977 to €21,862
- Staff costs +€14,562
up €14,562 (+58.5%), from €24,878 to €39,440
- Depreciation +€1,371
up €1,371 (+45.5%), from €3,016 to €4,387
- Financial charges -€1,115
down €1,115 (-24.2%), from €4,615 to €3,500
- Financial income +€674
new in 2025: €674
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.
Result 2024
€6,691
Gross operating margin
-€19,115
Staff costs
-€14,562
Depreciation
-€1,371
Other operating charges
+€45
Financial income
+€674
Financial charges
+€1,115
Result 2025
-€26,523
raises the resultlowers the result
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.
From operations
+€27,145
Investment
-€974
Financing
-€22,339
Cash 2024
€3,021
From operations (derived)
+€27,145
Net result for the year
-€26,523
Depreciation
+€4,387
Stocks and contracts
+€12,131
Receivables within one year
+€872
Deferred charges and accrued income
+€436
Trade debts
+€25,585
Tax, wage and social debts
-€313
Other debts
+€10,570
Investment (derived)
-€974
Investment in fixed assets (net)
-€974
Financing
-€22,339
Debts after one year
-€5,527
Current portion of long-term debt
-€6,751
Short-term financial debts
-€10,061
Cash 2025
€6,852
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,823 | €473,803 | -€13,021 | -2.7% |
| Fixed assets | 21/28 | €17,642 | €14,230 | -€3,412 | -19.3% |
| Intangible fixed assets | 21 | €17,257 | €13,257 | -€4,000 | -23.2% |
| Tangible fixed assets | 22/27 | €85 | €673 | +€588 | +691% |
| Plant, machinery and equipment | 23 | €85 | €673 | +€588 | +691% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €469,182 | €459,573 | -€9,608 | -2.0% |
| Stocks and contracts in progress | 3 | €447,423 | €435,292 | -€12,131 | -2.7% |
| Stocks | 30/36 | €447,423 | €435,292 | -€12,131 | -2.7% |
| Amounts receivable within one year | 40/41 | €18,302 | €17,430 | -€872 | -4.8% |
| Trade receivables | 40 | €18,302 | €17,430 | -€872 | -4.8% |
| Cash at bank and in hand | 54/58 | €3,021 | €6,852 | +€3,831 | +127% |
| Deferred charges and accrued income | 490/1 | €436 | - | -€436 | |
| Total equity and liabilities | 10/49 | €486,823 | €473,803 | -€13,021 | -2.7% |
| Equity | 10/15 | €27,598 | €1,075 | -€26,523 | -96.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €91,845 | €91,845 | = | 0.0% |
| Distributable reserves | 133 | €91,845 | €91,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,847 | -€109,370 | -€26,523 | -32.0% |
| Amounts payable | 17/49 | €459,226 | €472,727 | +€13,502 | +2.9% |
| Amounts payable after more than one year | 17 | €5,527 | - | -€5,527 | |
| Financial debts | 170/4 | €5,527 | - | -€5,527 | |
| Amounts payable within one year | 42/48 | €453,698 | €472,727 | +€19,029 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €11,780 | €5,029 | -€6,751 | -57.3% |
| Financial debts | 43 | €19,339 | €9,277 | -€10,061 | -52.0% |
| Credit institutions | 430/8 | €19,339 | €9,277 | -€10,061 | -52.0% |
| Trade debts | 44 | €62,364 | €87,949 | +€25,585 | +41.0% |
| Suppliers | 440/4 | €62,364 | €87,949 | +€25,585 | +41.0% |
| Taxes, remuneration and social security | 45 | €3,781 | €3,468 | -€313 | -8.3% |
| Taxes | 450/3 | €1,726 | €1,340 | -€386 | -22.4% |
| Remuneration and social security | 454/9 | €2,055 | €2,129 | +€74 | +3.6% |
| Other amounts payable | 47/48 | €356,434 | €367,004 | +€10,570 | +3.0% |
| Remuneration, social security and pensions | 62 | €24,878 | €39,440 | +€14,562 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,016 | €4,387 | +€1,371 | +45.5% |
| Other operating charges | 640/8 | €1,777 | €1,732 | -€45 | -2.6% |
| Gross operating margin | 9900 | €40,977 | €21,862 | -€19,115 | -46.6% |
| Operating profit (loss) | 9901 | €11,306 | -€23,697 | -€35,003 | |
| Financial income | 75/76B | - | €674 | +€674 | |
| Recurring financial income | 75 | - | €674 | +€674 | |
| Financial charges | 65/66B | €4,615 | €3,500 | -€1,115 | -24.2% |
| Recurring financial charges | 65 | €4,615 | €3,500 | -€1,115 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €6,691 | -€26,523 | -€33,214 | |
| Profit (loss) for the period | 9904 | €6,691 | -€26,523 | -€33,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,691 | -€26,523 | -€33,214 |
Next steps
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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 6 November 2026 via checked.be.