LE GRECO: 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.
LE GRECO
Largest movements
- Cash +€75,698
up €75,698 (+39.7%), from €190,622 to €266,319
mainly Stocks and contracts (+€47,275) and Depreciation (+€14,303)
- Stocks and contracts -€47,275
down €47,275 (-84.7%), from €55,830 to €8,555
- Tangible fixed assets -€14,028
down €14,028 (-32.8%), from €42,785 to €28,757
of which Furniture and vehicles: -€9,114
- Profit (loss) carried forward +€13,676
up €13,676 (+6.5%), from €211,128 to €224,804
- Taxes -€25,802
down €25,802, from €7,215 to -€18,587
- Gross operating margin -€19,941
down €19,941 (-5.1%), from €387,819 to €367,878
- Staff costs -€5,787
down €5,787 (-1.7%), from €350,442 to €344,655
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.
Cash bridge derived
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 | €320,111 | €334,250 | +€14,139 | +4.4% |
| Fixed assets | 21/28 | €42,785 | €28,757 | -€14,028 | -32.8% |
| Tangible fixed assets | 22/27 | €42,785 | €28,757 | -€14,028 | -32.8% |
| Land and buildings | 22 | €15,908 | €11,590 | -€4,318 | -27.1% |
| Plant, machinery and equipment | 23 | €11,439 | €10,843 | -€596 | -5.2% |
| Furniture and vehicles | 24 | €15,438 | €6,324 | -€9,114 | -59.0% |
| Current assets | 29/58 | €277,326 | €305,493 | +€28,167 | +10.2% |
| Stocks and contracts in progress | 3 | €55,830 | €8,555 | -€47,275 | -84.7% |
| Stocks | 30/36 | €55,830 | €8,555 | -€47,275 | -84.7% |
| Amounts receivable within one year | 40/41 | €23,139 | €21,778 | -€1,361 | -5.9% |
| Other amounts receivable | 41 | €23,139 | €21,778 | -€1,361 | -5.9% |
| Cash at bank and in hand | 54/58 | €190,622 | €266,319 | +€75,698 | +39.7% |
| Deferred charges and accrued income | 490/1 | €7,735 | €8,841 | +€1,106 | +14.3% |
| Total equity and liabilities | 10/49 | €320,111 | €334,250 | +€14,139 | +4.4% |
| Equity | 10/15 | €266,671 | €280,348 | +€13,676 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,343 | €49,343 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €42,343 | €42,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,128 | €224,804 | +€13,676 | +6.5% |
| Amounts payable | 17/49 | €53,440 | €53,903 | +€463 | +0.9% |
| Amounts payable within one year | 42/48 | €53,440 | €53,903 | +€463 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €1,200 | - | -€1,200 | |
| Trade debts | 44 | €18,443 | €18,869 | +€426 | +2.3% |
| Suppliers | 440/4 | €18,443 | €18,869 | +€426 | +2.3% |
| Taxes, remuneration and social security | 45 | €25,132 | €25,542 | +€410 | +1.6% |
| Taxes | 450/3 | €19,475 | €9,094 | -€10,381 | -53.3% |
| Remuneration and social security | 454/9 | €5,657 | €16,448 | +€10,791 | +190.7% |
| Other amounts payable | 47/48 | €8,665 | €9,491 | +€827 | +9.5% |
| Non-recurring operating income | 76A | €32,888 | €6,472 | -€26,416 | -80.3% |
| Remuneration, social security and pensions | 62 | €350,442 | €344,655 | -€5,787 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,135 | €14,303 | -€3,832 | -21.1% |
| Other operating charges | 640/8 | €3,534 | €6,792 | +€3,258 | +92.2% |
| Non-recurring operating charges | 66A | €833 | €1,301 | +€468 | +56.1% |
| Gross operating margin | 9900 | €387,819 | €367,878 | -€19,941 | -5.1% |
| Operating profit (loss) | 9901 | €14,875 | €827 | -€14,048 | -94.4% |
| Financial income | 75/76B | €1,144 | €1,093 | -€51 | -4.5% |
| Recurring financial income | 75 | €1,144 | €1,093 | -€51 | -4.5% |
| Financial charges | 65/66B | €5,938 | €6,831 | +€893 | +15.0% |
| Recurring financial charges | 65 | €5,938 | €6,831 | +€893 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €10,082 | -€4,911 | -€14,992 | |
| Income taxes | 67/77 | €7,215 | -€18,587 | -€25,802 | |
| Profit (loss) for the period | 9904 | €2,867 | €13,676 | +€10,810 | +377.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,867 | €13,676 | +€10,810 | +377.1% |
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 11 October 2026 via checked.be.