Les Grignoux: 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.
What changed
Les Grignoux
NACE 90.312, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€676,073
2024 · €170,517-€846,590
Equity
€837,415
2024 · €1.5m-€684,632
Cash
€1.1m
2024 · €1.1m-€72,673
Balance sheet total
€4.5m
2024 · €5.4m-€888,945
Largest movements
Assets
- Current investments -€475,000
down €475,000 (-36.2%), from €1.3m to €837,194
- Receivables within one year -€162,831
down €162,831 (-21.0%), from €775,304 to €612,473
of which Other amounts receivable: -€221,155
- Tangible fixed assets -€129,480
down €129,480 (-6.3%), from €2.0m to €1.9m
of which Land and buildings: -€74,413
- Cash -€72,673
down €72,673 (-6.4%), from €1.1m to €1.1m
mainly Net result for the year (-€676,073) and Debts within one year (-€672,563)
Equity and liabilities
- Reserves -€1.6m
down €1.6m (-96.0%), from €1.6m to €66,090
- Profit (loss) carried forward +€896,015
up €896,015, from -€896,015 to €0
- Debts within one year -€672,563
down €672,563 (-26.2%), from €2.6m to €1.9m
of which Current portion of long-term debt: -€632,176
- Provisions +€493,497
up €493,497 (+490%), from €100,815 to €594,311
Income statement
- Services and other goods +€292,294
up €292,294 (+10.2%), from €2.9m to €3.2m
- Turnover -€171,215
down €171,215 (-2.5%), from €6.8m to €6.6m
- Staff costs +€144,225
up €144,225 (+1.9%), from €7.6m to €7.8m
- Goods and materials -€95,573
down €95,573 (-10.6%), from €905,655 to €810,082
of which Purchases: -€90,860
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.
Result 2024
€170,517
Turnover
-€171,215
Other operating income
-€4,251
Goods and materials
+€95,573
Services and other goods
-€292,294
Staff costs
-€144,225
Depreciation
+€5,453
Other operating charges
+€62,605
Other operating items
-€437,418
Financial income
-€12,532
Financial charges
+€51,715
Result 2025
-€676,073
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€398,725
Investment
+€318,133
Financing
+€7,919
Cash 2024
€1.1m
From operations (derived)
-€398,725
Net result for the year
-€676,073
Depreciation
+€294,312
Stocks and contracts
+€6,243
Receivables within one year
+€162,831
Deferred charges and accrued income
+€34,753
Provisions
+€493,497
Debts within one year
-€672,563
Accrued charges and deferred income
-€41,725
Investment (derived)
+€318,133
Investment in fixed assets (net)
-€156,867
Current investments
+€475,000
Financing
+€7,919
Debts after one year
+€16,479
Contributions, distributions and other
-€8,560
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,402,352 | €4,513,407 | -€888,945 | -16.5% |
| Fixed assets | 21/28 | €2,081,233 | €1,943,788 | -€137,445 | -6.6% |
| Intangible fixed assets | 21 | €12,955 | €4,990 | -€7,965 | -61.5% |
| Tangible fixed assets | 22/27 | €2,045,233 | €1,915,753 | -€129,480 | -6.3% |
| Land and buildings | 22 | €1,242,395 | €1,167,982 | -€74,413 | -6.0% |
| Plant, machinery and equipment | 23 | €565,117 | €495,678 | -€69,439 | -12.3% |
| Furniture and vehicles | 24 | €86,898 | €79,861 | -€7,037 | -8.1% |
| Other tangible fixed assets | 26 | €135,658 | €172,232 | +€36,573 | +27.0% |
| Assets under construction and advance payments | 27 | €15,165 | €0 | -€15,165 | -100% |
| Financial fixed assets | 28 | €23,045 | €23,045 | = | 0.0% |
| Other financial fixed assets | 284/8 | €23,045 | €23,045 | = | 0.0% |
| Shares | 284 | €23,045 | €23,045 | = | 0.0% |
| Current assets | 29/58 | €3,321,119 | €2,569,619 | -€751,500 | -22.6% |
| Stocks and contracts in progress | 3 | €36,849 | €30,606 | -€6,243 | -16.9% |
| Stocks | 30/36 | €36,849 | €30,606 | -€6,243 | -16.9% |
| Goods purchased for resale | 34 | €36,849 | €30,606 | -€6,243 | -16.9% |
| Amounts receivable within one year | 40/41 | €775,304 | €612,473 | -€162,831 | -21.0% |
| Trade receivables | 40 | €284,253 | €342,577 | +€58,324 | +20.5% |
| Other amounts receivable | 41 | €491,051 | €269,896 | -€221,155 | -45.0% |
| Current investments | 50/53 | €1,312,194 | €837,194 | -€475,000 | -36.2% |
| Cash at bank and in hand | 54/58 | €1,137,559 | €1,064,886 | -€72,673 | -6.4% |
| Deferred charges and accrued income | 490/1 | €59,213 | €24,460 | -€34,753 | -58.7% |
| Total equity and liabilities | 10/49 | €5,402,352 | €4,513,407 | -€888,945 | -16.5% |
| Equity | 10/15 | €1,522,047 | €837,415 | -€684,632 | -45.0% |
| Contributions | 10/11 | €764,925 | €764,925 | = | 0.0% |
| Capital | 10 | €764,925 | €764,925 | = | 0.0% |
| Reserves | 13 | €1,638,178 | €66,090 | -€1.6m | -96.0% |
| Profit (loss) carried forward | 14 | -€896,015 | €0 | +€896,015 | |
| Investment grants | 15 | €14,960 | €6,400 | -€8,560 | -57.2% |
| Provisions and deferred taxes | 16 | €100,815 | €594,311 | +€493,497 | +490% |
| Provisions for liabilities and charges | 160/5 | €100,815 | €594,311 | +€493,497 | +490% |
| Pensions and similar obligations | 160 | - | €448,376 | +€448,376 | |
| Taxes | 161 | €60,815 | €58,130 | -€2,685 | -4.4% |
| Other liabilities and charges | 164/5 | €40,000 | €87,806 | +€47,806 | +120% |
| Amounts payable | 17/49 | €3,779,490 | €3,081,680 | -€697,809 | -18.5% |
| Amounts payable after more than one year | 17 | €237,498 | €253,977 | +€16,479 | +6.9% |
| Financial debts | 170/4 | €237,498 | €253,977 | +€16,479 | +6.9% |
| Unsubordinated bonds | 171 | - | €229,700 | +€229,700 | |
| Credit institutions | 173 | €237,498 | €24,277 | -€213,221 | -89.8% |
| Amounts payable within one year | 42/48 | €2,563,050 | €1,890,487 | -€672,563 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €882,722 | €250,546 | -€632,176 | -71.6% |
| Trade debts | 44 | €246,836 | €346,060 | +€99,224 | +40.2% |
| Suppliers | 440/4 | €246,836 | €346,060 | +€99,224 | +40.2% |
| Taxes, remuneration and social security | 45 | €1,312,863 | €1,177,231 | -€135,631 | -10.3% |
| Taxes | 450/3 | €107,477 | €121,629 | +€14,152 | +13.2% |
| Remuneration and social security | 454/9 | €1,205,385 | €1,055,602 | -€149,783 | -12.4% |
| Accrued charges and deferred income | 492/3 | €978,942 | €937,217 | -€41,725 | -4.3% |
| Operating income | 70/76A | €12,408,886 | €12,238,965 | -€169,921 | -1.4% |
| Turnover | 70 | €6,801,809 | €6,630,595 | -€171,215 | -2.5% |
| Membership fees, donations, legacies and grants | 73 | €5,333,646 | €5,339,190 | +€5,544 | +0.1% |
| Other operating income | 74 | €273,431 | €269,180 | -€4,251 | -1.6% |
| Operating charges | 60/66A | €12,180,093 | €12,895,944 | +€715,851 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €905,655 | €810,082 | -€95,573 | -10.6% |
| Purchases | 600/8 | €894,699 | €803,840 | -€90,860 | -10.2% |
| Change in stocks: decrease (increase) | 609 | €10,956 | €6,243 | -€4,713 | -43.0% |
| Services and other goods | 61 | €2,866,009 | €3,158,303 | +€292,294 | +10.2% |
| Remuneration, social security and pensions | 62 | €7,638,745 | €7,782,970 | +€144,225 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299,765 | €294,312 | -€5,453 | -1.8% |
| Other operating charges | 640/8 | €414,884 | €352,280 | -€62,605 | -15.1% |
| Non-recurring operating charges | 66A | - | €4,500 | +€4,500 | |
| Operating profit (loss) | 9901 | €228,793 | -€656,979 | -€885,772 | |
| Financial income | 75/76B | €52,562 | €40,029 | -€12,532 | -23.8% |
| Recurring financial income | 75 | €52,562 | €40,029 | -€12,532 | -23.8% |
| Income from current assets | 751 | €51,139 | €39,840 | -€11,299 | -22.1% |
| Other financial income | 752/9 | €1,423 | €189 | -€1,233 | -86.7% |
| Financial charges | 65/66B | €110,838 | €59,123 | -€51,715 | -46.7% |
| Recurring financial charges | 65 | €70,838 | €59,123 | -€11,715 | -16.5% |
| Debt charges | 650 | €14,830 | €34,313 | +€19,482 | +131% |
| Other financial charges | 652/9 | €56,007 | €24,810 | -€31,197 | -55.7% |
| Non-recurring financial charges | 66B | €40,000 | - | -€40,000 | |
| Profit (loss) for the period before taxes | 9903 | €170,517 | -€676,073 | -€846,590 | |
| Profit (loss) for the period | 9904 | €170,517 | -€676,073 | -€846,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,517 | -€676,073 | -€846,590 |
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 17 October 2026 via checked.be.