S.A. GRETRYTAIL: 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
S.A. GRETRYTAIL
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,240
2024 · €1,587+€2,653
Equity
€277,190
2024 · €272,950+€4,240
Cash
€76,033
2024 · €61,684+€14,349
Balance sheet total
€2.6m
2024 · €2.6m-€51,357
Largest movements
Assets
- Tangible fixed assets -€47,371
down €47,371 (-3.3%), from €1.4m to €1.4m
of which Land and buildings: -€45,766
- Receivables within one year +€32,324
up €32,324 (+52.4%), from €61,692 to €94,016
of which Other amounts receivable: +€28,744
Equity and liabilities
- Debts after one year -€78,051
down €78,051 (-5.5%), from €1.4m to €1.3m
Income statement
- Write-downs +€120,105
up €120,105, from -€101,300 to €18,804
- Gross operating margin +€66,422
up €66,422 (+15.9%), from €418,344 to €484,767
- Staff costs -€41,465
down €41,465 (-12.0%), from €344,691 to €303,226
- Financial charges -€10,648
down €10,648 (-12.0%), from €88,758 to €78,110
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
€1,587
Gross operating margin
+€66,422
Staff costs
+€41,465
Depreciation
-€276
Write-downs
-€120,105
Other operating charges
+€3,458
Financial income
+€1,317
Financial charges
+€10,648
Taxes
-€276
Result 2025
€4,240
raises the resultlowers the result
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
+€94,538
Investment
-€2,230
Financing
-€77,959
Cash 2024
€61,684
From operations (derived)
+€94,538
Net result for the year
+€4,240
Depreciation
+€49,601
Receivables after one year
+€12,000
Stocks and contracts
+€23,695
Receivables within one year
-€32,324
Deferred charges and accrued income
+€14,965
Trade debts
+€21,767
Tax, wage and social debts
-€403
Accrued charges and deferred income
+€998
Investment (derived)
-€2,230
Investment in fixed assets (net)
-€2,230
Financing
-€77,959
Debts after one year
-€78,051
Current portion of long-term debt
+€2,683
Short-term financial debts
-€2,592
Cash 2025
€76,033
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,613,129 | €2,561,772 | -€51,357 | -2.0% |
| Fixed assets | 21/28 | €1,584,526 | €1,537,155 | -€47,371 | -3.0% |
| Tangible fixed assets | 22/27 | €1,433,505 | €1,386,134 | -€47,371 | -3.3% |
| Land and buildings | 22 | €1,424,942 | €1,379,177 | -€45,766 | -3.2% |
| Plant, machinery and equipment | 23 | €5,459 | €5,531 | +€72 | +1.3% |
| Furniture and vehicles | 24 | €3,104 | €1,426 | -€1,677 | -54.0% |
| Financial fixed assets | 28 | €151,021 | €151,021 | = | 0.0% |
| Current assets | 29/58 | €1,028,603 | €1,024,617 | -€3,987 | -0.4% |
| Amounts receivable after more than one year | 29 | €12,000 | - | -€12,000 | |
| Trade receivables | 290 | €12,000 | - | -€12,000 | |
| Stocks and contracts in progress | 3 | €818,007 | €794,312 | -€23,695 | -2.9% |
| Stocks | 30/36 | €818,007 | €794,312 | -€23,695 | -2.9% |
| Amounts receivable within one year | 40/41 | €61,692 | €94,016 | +€32,324 | +52.4% |
| Trade receivables | 40 | €34,661 | €38,242 | +€3,581 | +10.3% |
| Other amounts receivable | 41 | €27,031 | €55,774 | +€28,744 | +106% |
| Cash at bank and in hand | 54/58 | €61,684 | €76,033 | +€14,349 | +23.3% |
| Deferred charges and accrued income | 490/1 | €75,220 | €60,256 | -€14,965 | -19.9% |
| Total equity and liabilities | 10/49 | €2,613,129 | €2,561,772 | -€51,357 | -2.0% |
| Equity | 10/15 | €272,950 | €277,190 | +€4,240 | +1.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,550 | €140,790 | +€4,240 | +3.1% |
| Amounts payable | 17/49 | €2,340,179 | €2,284,582 | -€55,597 | -2.4% |
| Amounts payable after more than one year | 17 | €1,415,971 | €1,337,919 | -€78,051 | -5.5% |
| Financial debts | 170/4 | €1,415,971 | €1,337,919 | -€78,051 | -5.5% |
| Amounts payable within one year | 42/48 | €922,208 | €943,664 | +€21,455 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €75,367 | €78,050 | +€2,683 | +3.6% |
| Financial debts | 43 | €357,654 | €355,062 | -€2,592 | -0.7% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Other loans | 439 | €7,654 | €5,062 | -€2,592 | -33.9% |
| Trade debts | 44 | €327,802 | €349,569 | +€21,767 | +6.6% |
| Suppliers | 440/4 | €327,802 | €349,569 | +€21,767 | +6.6% |
| Taxes, remuneration and social security | 45 | €61,068 | €60,665 | -€403 | -0.7% |
| Taxes | 450/3 | €19,134 | €14,147 | -€4,986 | -26.1% |
| Remuneration and social security | 454/9 | €41,934 | €46,517 | +€4,583 | +10.9% |
| Other amounts payable | 47/48 | €100,317 | €100,317 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,001 | €2,999 | +€998 | +49.9% |
| Remuneration, social security and pensions | 62 | €344,691 | €303,226 | -€41,465 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,325 | €49,601 | +€276 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€101,300 | €18,804 | +€120,105 | |
| Other operating charges | 640/8 | €43,771 | €40,314 | -€3,458 | -7.9% |
| Gross operating margin | 9900 | €418,344 | €484,767 | +€66,422 | +15.9% |
| Operating profit (loss) | 9901 | €81,858 | €72,821 | -€9,036 | -11.0% |
| Financial income | 75/76B | €13,317 | €14,634 | +€1,317 | +9.9% |
| Recurring financial income | 75 | €13,317 | €4,064 | -€9,253 | -69.5% |
| Non-recurring financial income | 76B | - | €10,570 | +€10,570 | |
| Financial charges | 65/66B | €88,758 | €78,110 | -€10,648 | -12.0% |
| Recurring financial charges | 65 | €88,758 | €78,110 | -€10,648 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €6,417 | €9,346 | +€2,929 | +45.6% |
| Income taxes | 67/77 | €4,830 | €5,106 | +€276 | +5.7% |
| Profit (loss) for the period | 9904 | €1,587 | €4,240 | +€2,653 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €1,587 | €4,240 | +€2,653 | +167% |
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.