LE GRAND PALACE: what changed
LE GRAND PALACE
Largest movements
- Receivables within one year +€13,886
up €13,886 (+67.8%), from €20,467 to €34,353
of which Other amounts receivable: +€8,245
- Tangible fixed assets -€4,064
down €4,064 (-31.2%), from €13,029 to €8,965
of which Other tangible fixed assets: -€3,669
- Cash -€1,637
down €1,637 (-88.9%), from €1,840 to €204
mainly Receivables within one year (-€13,886) and Investment in fixed assets (net) (-€938)
- Profit (loss) carried forward +€6,912
up €6,912 (+19.9%), from €34,786 to €41,699
- Trade debts +€1,086
new in 2025: €1,086
- Gross operating margin +€6,238
up €6,238 (+30.8%), from €20,233 to €26,471
- Other operating charges +€2,754
up €2,754 (+29.5%), from €9,337 to €12,091
- Taxes +€1,115
up €1,115 (+85.9%), from €1,298 to €2,413
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,837 | €46,875 | +€8,038 | +20.7% |
| Fixed assets | 21/28 | €13,029 | €8,965 | -€4,064 | -31.2% |
| Tangible fixed assets | 22/27 | €13,029 | €8,965 | -€4,064 | -31.2% |
| Plant, machinery and equipment | 23 | €356 | €136 | -€220 | -61.9% |
| Furniture and vehicles | 24 | €2,101 | €1,926 | -€175 | -8.3% |
| Other tangible fixed assets | 26 | €10,572 | €6,904 | -€3,669 | -34.7% |
| Current assets | 29/58 | €25,808 | €37,910 | +€12,102 | +46.9% |
| Stocks and contracts in progress | 3 | €3,501 | €3,353 | -€148 | -4.2% |
| Stocks | 30/36 | €3,501 | €3,353 | -€148 | -4.2% |
| Amounts receivable within one year | 40/41 | €20,467 | €34,353 | +€13,886 | +67.8% |
| Trade receivables | 40 | €20,467 | €26,109 | +€5,642 | +27.6% |
| Other amounts receivable | 41 | - | €8,245 | +€8,245 | |
| Cash at bank and in hand | 54/58 | €1,840 | €204 | -€1,637 | -88.9% |
| Total equity and liabilities | 10/49 | €38,837 | €46,875 | +€8,038 | +20.7% |
| Equity | 10/15 | €34,886 | €41,799 | +€6,912 | +19.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | - | -€100 | |
| Issued capital | 100 | €100 | - | -€100 | |
| Contributions outside capital | 11 | - | €100 | +€100 | |
| Other | 1109/19 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €34,786 | €41,699 | +€6,912 | +19.9% |
| Amounts payable | 17/49 | €3,951 | €5,077 | +€1,126 | +28.5% |
| Amounts payable within one year | 42/48 | €3,951 | €5,077 | +€1,126 | +28.5% |
| Trade debts | 44 | - | €1,086 | +€1,086 | |
| Suppliers | 440/4 | - | €1,086 | +€1,086 | |
| Taxes, remuneration and social security | 45 | €3,946 | €3,990 | +€44 | +1.1% |
| Taxes | 450/3 | €3,946 | €3,990 | +€44 | +1.1% |
| Other amounts payable | 47/48 | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,813 | €5,001 | +€188 | +3.9% |
| Other operating charges | 640/8 | €9,337 | €12,091 | +€2,754 | +29.5% |
| Gross operating margin | 9900 | €20,233 | €26,471 | +€6,238 | +30.8% |
| Operating profit (loss) | 9901 | €6,083 | €9,378 | +€3,295 | +54.2% |
| Financial income | 75/76B | €0 | €174 | +€174 | +115,680% |
| Recurring financial income | 75 | €0 | €174 | +€174 | +115,680% |
| Financial charges | 65/66B | €179 | €227 | +€47 | +26.4% |
| Recurring financial charges | 65 | €179 | €227 | +€47 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €5,904 | €9,325 | +€3,421 | +57.9% |
| Income taxes | 67/77 | €1,298 | €2,413 | +€1,115 | +85.9% |
| Profit (loss) for the period | 9904 | €4,606 | €6,912 | +€2,306 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,606 | €6,912 | +€2,306 | +50.1% |
Next steps
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 7 November 2026 via checked.be.