LE GRENIER: what changed
Two fiscal 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 GRENIER
Largest movements
- Deferred charges and accrued income -€11,967
no longer reported in 2025 (was €11,967)
- Receivables within one year +€9,141
up €9,141 (+70.6%), from €12,939 to €22,080
of which Trade receivables: +€8,823
- Cash +€7,527
up €7,527 (+145.9%), from €5,160 to €12,686
mainly Other debts (+€22,076) and Deferred charges and accrued income (+€11,967)
- Tangible fixed assets -€7,345
down €7,345 (-26.5%), from €27,677 to €20,332
of which Other tangible fixed assets: -€8,761
- Other debts +€22,076
up €22,076 (+622.4%), from €3,547 to €25,623
- Profit (loss) carried forward -€13,858
down €13,858 (-20.0%), from -€69,339 to -€83,198
- Trade debts -€13,182
down €13,182 (-75.6%), from €17,446 to €4,264
- Debts after one year +€3,000
up €3,000 (+6.7%), from €45,000 to €48,000
- Advances received -€962
down €962 (-16.6%), from €5,784 to €4,823
- Gross operating margin +€25,557
up €25,557, from -€5,792 to €19,766
- Other operating charges -€9,820
down €9,820 (-89.2%), from €11,010 to €1,191
- Depreciation -€2,442
down €2,442 (-21.6%), from €11,286 to €8,844
- Staff costs +€2,325
up €2,325 (+11.0%), from €21,195 to €23,521
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 | €61,242 | €57,992 | -€3,250 | -5.3% |
| Fixed assets | 21/28 | €27,677 | €20,332 | -€7,345 | -26.5% |
| Tangible fixed assets | 22/27 | €27,677 | €20,332 | -€7,345 | -26.5% |
| Furniture and vehicles | 24 | - | €1,416 | +€1,416 | |
| Other tangible fixed assets | 26 | €27,677 | €18,916 | -€8,761 | -31.7% |
| Current assets | 29/58 | €33,564 | €37,660 | +€4,095 | +12.2% |
| Stocks and contracts in progress | 3 | €3,499 | €2,893 | -€606 | -17.3% |
| Stocks | 30/36 | €3,499 | €2,893 | -€606 | -17.3% |
| Amounts receivable within one year | 40/41 | €12,939 | €22,080 | +€9,141 | +70.6% |
| Trade receivables | 40 | €10,175 | €18,998 | +€8,823 | +86.7% |
| Other amounts receivable | 41 | €2,764 | €3,082 | +€318 | +11.5% |
| Cash at bank and in hand | 54/58 | €5,160 | €12,686 | +€7,527 | +145.9% |
| Deferred charges and accrued income | 490/1 | €11,967 | - | -€11,967 | |
| Total equity and liabilities | 10/49 | €61,242 | €57,992 | -€3,250 | -5.3% |
| Equity | 10/15 | -€13,879 | -€27,738 | -€13,858 | -99.9% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,339 | -€83,198 | -€13,858 | -20.0% |
| Amounts payable | 17/49 | €75,121 | €85,730 | +€10,609 | +14.1% |
| Amounts payable after more than one year | 17 | €45,000 | €48,000 | +€3,000 | +6.7% |
| Other amounts payable | 178/9 | €45,000 | €48,000 | +€3,000 | +6.7% |
| Amounts payable within one year | 42/48 | €30,121 | €37,730 | +€7,609 | +25.3% |
| Trade debts | 44 | €17,446 | €4,264 | -€13,182 | -75.6% |
| Suppliers | 440/4 | €17,446 | €4,264 | -€13,182 | -75.6% |
| Advances received on contracts in progress | 46 | €5,784 | €4,823 | -€962 | -16.6% |
| Taxes, remuneration and social security | 45 | €3,344 | €3,020 | -€324 | -9.7% |
| Taxes | 450/3 | €1,515 | €1,515 | -€0 | 0.0% |
| Remuneration and social security | 454/9 | €1,829 | €1,505 | -€324 | -17.7% |
| Other amounts payable | 47/48 | €3,547 | €25,623 | +€22,076 | +622.4% |
| Remuneration, social security and pensions | 62 | €21,195 | €23,521 | +€2,325 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,286 | €8,844 | -€2,442 | -21.6% |
| Other operating charges | 640/8 | €11,010 | €1,191 | -€9,820 | -89.2% |
| Gross operating margin | 9900 | -€5,792 | €19,766 | +€25,557 | |
| Operating profit (loss) | 9901 | -€49,283 | -€13,789 | +€35,493 | +72.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €108 | €69 | -€39 | -35.8% |
| Recurring financial charges | 65 | €108 | €69 | -€39 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€49,383 | -€13,858 | +€35,525 | +71.9% |
| Profit (loss) for the period | 9904 | -€49,383 | -€13,858 | +€35,525 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,383 | -€13,858 | +€35,525 | +71.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.