PUB GRAIN D'ORGE: 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.
PUB GRAIN D'ORGE
Largest movements
- Tangible fixed assets -€51,318
down €51,318 (-13.2%), from €389,416 to €338,098
of which Land and buildings: -€29,354
- Current investments +€39,224
new in 2025: €39,224
- Cash +€17,064
up €17,064 (+14.8%), from €115,422 to €132,485
mainly Depreciation (+€62,482) and Net result for the year (+€59,404)
- Financial fixed assets +€10,000
up €10,000 (+676%), from €1,480 to €11,480
- Receivables after one year -€7,875
down €7,875 (-15.6%), from €50,458 to €42,583
- Debts after one year -€48,024
down €48,024 (-29.3%), from €163,649 to €115,625
- Reserves +€44,500
up €44,500 (+13.5%), from €330,500 to €375,000
- Tax, wage and social debts +€16,568
up €16,568 (+29.9%), from €55,472 to €72,040
of which Remuneration and social security: +€13,668
- Trade debts -€7,996
down €7,996 (-18.3%), from €43,709 to €35,713
- Staff costs -€16,755
down €16,755 (-5.2%), from €321,179 to €304,425
- Gross operating margin -€6,102
down €6,102 (-1.3%), from €468,946 to €462,844
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,435 | €679,818 | +€2,383 | +0.4% |
| Fixed assets | 21/28 | €392,546 | €350,773 | -€41,773 | -10.6% |
| Intangible fixed assets | 21 | €1,650 | €1,195 | -€455 | -27.6% |
| Tangible fixed assets | 22/27 | €389,416 | €338,098 | -€51,318 | -13.2% |
| Land and buildings | 22 | €292,687 | €263,334 | -€29,354 | -10.0% |
| Plant, machinery and equipment | 23 | €45,201 | €35,263 | -€9,938 | -22.0% |
| Furniture and vehicles | 24 | €51,527 | €39,501 | -€12,027 | -23.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,480 | €11,480 | +€10,000 | +676% |
| Current assets | 29/58 | €284,889 | €329,044 | +€44,156 | +15.5% |
| Amounts receivable after more than one year | 29 | €50,458 | €42,583 | -€7,875 | -15.6% |
| Other amounts receivable | 291 | €50,458 | €42,583 | -€7,875 | -15.6% |
| Stocks and contracts in progress | 3 | €55,507 | €59,604 | +€4,097 | +7.4% |
| Stocks | 30/36 | €55,507 | €59,604 | +€4,097 | +7.4% |
| Amounts receivable within one year | 40/41 | €60,363 | €53,208 | -€7,155 | -11.9% |
| Trade receivables | 40 | €48,830 | €30,919 | -€17,911 | -36.7% |
| Other amounts receivable | 41 | €11,533 | €22,288 | +€10,755 | +93.3% |
| Current investments | 50/53 | - | €39,224 | +€39,224 | |
| Cash at bank and in hand | 54/58 | €115,422 | €132,485 | +€17,064 | +14.8% |
| Deferred charges and accrued income | 490/1 | €3,139 | €1,941 | -€1,198 | -38.2% |
| Total equity and liabilities | 10/49 | €677,435 | €679,818 | +€2,383 | +0.4% |
| Equity | 10/15 | €363,171 | €405,076 | +€41,904 | +11.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €330,500 | €375,000 | +€44,500 | +13.5% |
| Distributable reserves | 133 | €330,500 | €375,000 | +€44,500 | +13.5% |
| Profit (loss) carried forward | 14 | €2,671 | €76 | -€2,596 | -97.2% |
| Amounts payable | 17/49 | €314,264 | €274,742 | -€39,522 | -12.6% |
| Amounts payable after more than one year | 17 | €163,649 | €115,625 | -€48,024 | -29.3% |
| Financial debts | 170/4 | €163,649 | €115,625 | -€48,024 | -29.3% |
| Amounts payable within one year | 42/48 | €146,364 | €155,777 | +€9,413 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €46,705 | €48,024 | +€1,319 | +2.8% |
| Trade debts | 44 | €43,709 | €35,713 | -€7,996 | -18.3% |
| Suppliers | 440/4 | €43,709 | €35,713 | -€7,996 | -18.3% |
| Taxes, remuneration and social security | 45 | €55,472 | €72,040 | +€16,568 | +29.9% |
| Taxes | 450/3 | €13,746 | €16,647 | +€2,900 | +21.1% |
| Remuneration and social security | 454/9 | €41,726 | €55,394 | +€13,668 | +32.8% |
| Other amounts payable | 47/48 | €479 | €0 | -€479 | -100% |
| Accrued charges and deferred income | 492/3 | €4,250 | €3,339 | -€911 | -21.4% |
| Remuneration, social security and pensions | 62 | €321,179 | €304,425 | -€16,755 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,000 | €62,482 | -€518 | -0.8% |
| Other operating charges | 640/8 | €4,432 | €5,413 | +€981 | +22.1% |
| Gross operating margin | 9900 | €468,946 | €462,844 | -€6,102 | -1.3% |
| Operating profit (loss) | 9901 | €80,335 | €90,525 | +€10,190 | +12.7% |
| Financial income | 75/76B | €2,183 | €4,494 | +€2,311 | +106% |
| Recurring financial income | 75 | €2,183 | €4,494 | +€2,311 | +106% |
| Financial charges | 65/66B | €11,628 | €12,139 | +€511 | +4.4% |
| Recurring financial charges | 65 | €11,628 | €12,139 | +€511 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €70,890 | €82,879 | +€11,989 | +16.9% |
| Income taxes | 67/77 | €19,868 | €23,475 | +€3,607 | +18.2% |
| Profit (loss) for the period | 9904 | €51,022 | €59,404 | +€8,382 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,022 | €59,404 | +€8,382 | +16.4% |
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 23 October 2026 via checked.be.