DE GRAANHALM: 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.
DE GRAANHALM
Largest movements
- Tangible fixed assets +€15,299
up €15,299 (+441%), from €3,470 to €18,768
of which Furniture and vehicles: +€13,023
- Stocks and contracts +€14,685
up €14,685 (+117%), from €12,564 to €27,249
- Cash -€5,968
down €5,968 (-42.6%), from €13,997 to €8,030
mainly Investment in fixed assets (net) (-€18,244) and Stocks and contracts (-€14,685)
- Receivables within one year -€3,011
down €3,011 (-32.3%), from €9,334 to €6,323
of which Trade receivables: -€3,547
- Debts after one year +€10,403
new in 2025: €10,403
- Trade debts +€9,173
up €9,173 (+33.0%), from €27,775 to €36,947
- Current portion of long-term debt +€3,850
new in 2025: €3,850
- Other debts -€1,858
down €1,858 (-14.4%), from €12,900 to €11,042
- Accrued charges and deferred income -€1,139
down €1,139 (-63.2%), from €1,803 to €664
- Gross operating margin -€14,326
down €14,326 (-64.7%), from €22,135 to €7,809
- Depreciation +€1,393
up €1,393 (+89.7%), from €1,552 to €2,945
- Other operating charges -€643
down €643 (-33.2%), from €1,935 to €1,292
- Financial charges +€438
up €438 (+33.4%), from €1,313 to €1,751
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 | €40,117 | €61,247 | +€21,131 | +52.7% |
| Fixed assets | 21/28 | €3,995 | €19,293 | +€15,299 | +383% |
| Tangible fixed assets | 22/27 | €3,470 | €18,768 | +€15,299 | +441% |
| Plant, machinery and equipment | 23 | €835 | €3,111 | +€2,276 | +273% |
| Furniture and vehicles | 24 | €2,634 | €15,657 | +€13,023 | +494% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €36,122 | €41,954 | +€5,832 | +16.1% |
| Stocks and contracts in progress | 3 | €12,564 | €27,249 | +€14,685 | +117% |
| Stocks | 30/36 | €12,564 | €27,249 | +€14,685 | +117% |
| Amounts receivable within one year | 40/41 | €9,334 | €6,323 | -€3,011 | -32.3% |
| Trade receivables | 40 | €3,560 | €12 | -€3,547 | -99.7% |
| Other amounts receivable | 41 | €5,774 | €6,311 | +€536 | +9.3% |
| Cash at bank and in hand | 54/58 | €13,997 | €8,030 | -€5,968 | -42.6% |
| Deferred charges and accrued income | 490/1 | €227 | €352 | +€125 | +55.2% |
| Total equity and liabilities | 10/49 | €40,117 | €61,247 | +€21,131 | +52.7% |
| Equity | 10/15 | -€2,784 | -€2,189 | +€595 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,984 | -€8,389 | +€595 | +6.6% |
| Amounts payable | 17/49 | €42,901 | €63,437 | +€20,536 | +47.9% |
| Amounts payable after more than one year | 17 | - | €10,403 | +€10,403 | |
| Financial debts | 170/4 | - | €10,403 | +€10,403 | |
| Amounts payable within one year | 42/48 | €41,098 | €52,369 | +€11,272 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,850 | +€3,850 | |
| Trade debts | 44 | €27,775 | €36,947 | +€9,173 | +33.0% |
| Suppliers | 440/4 | €27,775 | €36,947 | +€9,173 | +33.0% |
| Taxes, remuneration and social security | 45 | €423 | €529 | +€106 | +25.1% |
| Taxes | 450/3 | €423 | €529 | +€106 | +25.1% |
| Other amounts payable | 47/48 | €12,900 | €11,042 | -€1,858 | -14.4% |
| Accrued charges and deferred income | 492/3 | €1,803 | €664 | -€1,139 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,552 | €2,945 | +€1,393 | +89.7% |
| Other operating charges | 640/8 | €1,935 | €1,292 | -€643 | -33.2% |
| Non-recurring operating charges | 66A | - | €1,157 | +€1,157 | |
| Gross operating margin | 9900 | €22,135 | €7,809 | -€14,326 | -64.7% |
| Operating profit (loss) | 9901 | €18,648 | €2,414 | -€16,234 | -87.1% |
| Financial income | 75/76B | €51 | €9 | -€42 | -82.5% |
| Recurring financial income | 75 | €51 | €9 | -€42 | -82.5% |
| Financial charges | 65/66B | €1,313 | €1,751 | +€438 | +33.4% |
| Recurring financial charges | 65 | €1,313 | €1,751 | +€438 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €17,387 | €673 | -€16,714 | -96.1% |
| Income taxes | 67/77 | €157 | €78 | -€79 | -50.4% |
| Profit (loss) for the period | 9904 | €17,230 | €595 | -€16,635 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,230 | €595 | -€16,635 | -96.5% |
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 19 October 2026 via checked.be.