MICHAEL GRENIER SERVICES: 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.
MICHAEL GRENIER SERVICES
Largest movements
- Cash -€57,345
down €57,345 (-73.8%), from €77,726 to €20,381
mainly Investment in fixed assets (net) (-€51,000) and Receivables within one year (-€14,076)
- Financial fixed assets +€51,000
up €51,000 (+130.8%), from €39,000 to €90,000
- Receivables within one year +€14,076
up €14,076 (+42.5%), from €33,116 to €47,193
of which Trade receivables: +€11,488
- Tangible fixed assets -€3,544
down €3,544 (-29.9%), from €11,837 to €8,293
of which Furniture and vehicles: -€2,403
- Deferred charges and accrued income -€2,433
down €2,433 (-64.2%), from €3,787 to €1,355
- Trade debts +€5,366
up €5,366 (+228.2%), from €2,352 to €7,717
- Current portion of long-term debt -€2,298
down €2,298 (-54.9%), from €4,189 to €1,891
- Gross operating margin -€22,889
down €22,889 (-64.7%), from €35,394 to €12,505
- Taxes -€15,370
no longer reported in 2025 (was €15,370)
- Depreciation -€2,782
down €2,782 (-44.0%), from €6,326 to €3,544
- Financial charges +€1,059
up €1,059 (+37.5%), from €2,826 to €3,885
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 | €165,466 | €167,221 | +€1,755 | +1.1% |
| Fixed assets | 21/28 | €50,837 | €98,293 | +€47,456 | +93.3% |
| Tangible fixed assets | 22/27 | €11,837 | €8,293 | -€3,544 | -29.9% |
| Plant, machinery and equipment | 23 | €3,564 | €2,423 | -€1,141 | -32.0% |
| Furniture and vehicles | 24 | €8,273 | €5,870 | -€2,403 | -29.1% |
| Financial fixed assets | 28 | €39,000 | €90,000 | +€51,000 | +130.8% |
| Current assets | 29/58 | €114,629 | €68,928 | -€45,701 | -39.9% |
| Amounts receivable within one year | 40/41 | €33,116 | €47,193 | +€14,076 | +42.5% |
| Trade receivables | 40 | €18,888 | €30,377 | +€11,488 | +60.8% |
| Other amounts receivable | 41 | €14,228 | €16,816 | +€2,588 | +18.2% |
| Cash at bank and in hand | 54/58 | €77,726 | €20,381 | -€57,345 | -73.8% |
| Deferred charges and accrued income | 490/1 | €3,787 | €1,355 | -€2,433 | -64.2% |
| Total equity and liabilities | 10/49 | €165,466 | €167,221 | +€1,755 | +1.1% |
| Equity | 10/15 | €147,277 | €147,453 | +€176 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €139,217 | €139,393 | +€176 | +0.1% |
| Amounts payable | 17/49 | €18,189 | €19,768 | +€1,579 | +8.7% |
| Amounts payable within one year | 42/48 | €18,189 | €19,768 | +€1,579 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €4,189 | €1,891 | -€2,298 | -54.9% |
| Trade debts | 44 | €2,352 | €7,717 | +€5,366 | +228.2% |
| Suppliers | 440/4 | €2,352 | €7,717 | +€5,366 | +228.2% |
| Taxes, remuneration and social security | 45 | €1,678 | €1,689 | +€11 | +0.7% |
| Remuneration and social security | 454/9 | €1,678 | €1,689 | +€11 | +0.7% |
| Other amounts payable | 47/48 | €9,970 | €8,471 | -€1,499 | -15.0% |
| Remuneration, social security and pensions | 62 | €236 | €485 | +€249 | +105.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,326 | €3,544 | -€2,782 | -44.0% |
| Other operating charges | 640/8 | €4,419 | €4,416 | -€4 | -0.1% |
| Non-recurring operating charges | 66A | €1,062 | - | -€1,062 | |
| Gross operating margin | 9900 | €35,394 | €12,505 | -€22,889 | -64.7% |
| Operating profit (loss) | 9901 | €23,350 | €4,060 | -€19,290 | -82.6% |
| Financial income | 75/76B | €215 | €1 | -€214 | -99.6% |
| Recurring financial income | 75 | €215 | €1 | -€214 | -99.6% |
| Financial charges | 65/66B | €2,826 | €3,885 | +€1,059 | +37.5% |
| Recurring financial charges | 65 | €2,826 | €3,885 | +€1,059 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €20,739 | €176 | -€20,563 | -99.2% |
| Income taxes | 67/77 | €15,370 | - | -€15,370 | |
| Profit (loss) for the period | 9904 | €5,369 | €176 | -€5,193 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,369 | €176 | -€5,193 | -96.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.