GRAIN: what changed
GRAIN
Largest movements
- Cash +€36,660
up €36,660 (+124%), from €29,597 to €66,257
mainly Net result for the year (+€36,142) and Trade debts (+€19,552)
- Receivables within one year +€29,237
up €29,237 (+2,252%), from €1,298 to €30,535
of which Trade receivables: +€26,198
- Deferred charges and accrued income +€6,112
new in 2025: €6,112
- Tangible fixed assets -€4,253
down €4,253 (-22.1%), from €19,272 to €15,019
of which Plant, machinery and equipment: -€5,308
- Stocks and contracts +€2,672
new in 2025: €2,672
- Profit (loss) carried forward +€36,142
up €36,142 (+257%), from €14,067 to €50,209
- Trade debts +€19,552
up €19,552 (+923%), from €2,119 to €21,671
- Tax, wage and social debts +€16,415
up €16,415 (+148%), from €11,059 to €27,474
of which Taxes: +€8,863
- Other debts -€1,924
down €1,924 (-10.2%), from €18,863 to €16,939
- Gross operating margin +€71,883
up €71,883 (+130%), from €55,428 to €127,311
- Staff costs +€49,580
up €49,580 (+165%), from €29,959 to €79,539
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,108 | €121,293 | +€70,185 | +137% |
| Formation expenses | 20 | €941 | €698 | -€243 | -25.8% |
| Fixed assets | 21/28 | €19,272 | €15,019 | -€4,253 | -22.1% |
| Tangible fixed assets | 22/27 | €19,272 | €15,019 | -€4,253 | -22.1% |
| Plant, machinery and equipment | 23 | €18,544 | €13,236 | -€5,308 | -28.6% |
| Other tangible fixed assets | 26 | €728 | €1,783 | +€1,055 | +145% |
| Current assets | 29/58 | €30,896 | €105,576 | +€74,681 | +242% |
| Stocks and contracts in progress | 3 | - | €2,672 | +€2,672 | |
| Stocks | 30/36 | - | €2,672 | +€2,672 | |
| Amounts receivable within one year | 40/41 | €1,298 | €30,535 | +€29,237 | +2,252% |
| Trade receivables | 40 | €1,298 | €27,497 | +€26,198 | +2,018% |
| Other amounts receivable | 41 | - | €3,038 | +€3,038 | |
| Cash at bank and in hand | 54/58 | €29,597 | €66,257 | +€36,660 | +124% |
| Deferred charges and accrued income | 490/1 | - | €6,112 | +€6,112 | |
| Total equity and liabilities | 10/49 | €51,108 | €121,293 | +€70,185 | +137% |
| Equity | 10/15 | €19,067 | €55,209 | +€36,142 | +190% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,067 | €50,209 | +€36,142 | +257% |
| Amounts payable | 17/49 | €32,041 | €66,084 | +€34,044 | +106% |
| Amounts payable within one year | 42/48 | €32,041 | €66,084 | +€34,044 | +106% |
| Trade debts | 44 | €2,119 | €21,671 | +€19,552 | +923% |
| Suppliers | 440/4 | €2,119 | €21,671 | +€19,552 | +923% |
| Taxes, remuneration and social security | 45 | €11,059 | €27,474 | +€16,415 | +148% |
| Taxes | 450/3 | €5,268 | €14,131 | +€8,863 | +168% |
| Remuneration and social security | 454/9 | €5,791 | €13,343 | +€7,552 | +130% |
| Other amounts payable | 47/48 | €18,863 | €16,939 | -€1,924 | -10.2% |
| Remuneration, social security and pensions | 62 | €29,959 | €79,539 | +€49,580 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,973 | €5,845 | -€128 | -2.1% |
| Other operating charges | 640/8 | €387 | €1,399 | +€1,011 | +261% |
| Gross operating margin | 9900 | €55,428 | €127,311 | +€71,883 | +130% |
| Operating profit (loss) | 9901 | €19,108 | €40,528 | +€21,420 | +112% |
| Financial income | 75/76B | €85 | €95 | +€10 | +11.2% |
| Recurring financial income | 75 | €85 | €95 | +€10 | +11.2% |
| Financial charges | 65/66B | €827 | €578 | -€248 | -30.0% |
| Recurring financial charges | 65 | €827 | €578 | -€248 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €18,367 | €40,045 | +€21,677 | +118% |
| Income taxes | 67/77 | €4,300 | €3,903 | -€397 | -9.2% |
| Profit (loss) for the period | 9904 | €14,067 | €36,142 | +€22,075 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €14,067 | €36,142 | +€22,075 | +157% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.