DE GRAANMAAT: 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 GRAANMAAT
Largest movements
- Cash +€32,427
up €32,427 (+25.3%), from €128,397 to €160,823
mainly Depreciation (+€50,118) and Other debts (+€22,246)
- Tangible fixed assets -€15,025
down €15,025 (-10.2%), from €147,099 to €132,074
of which Other tangible fixed assets: -€17,093
- Receivables within one year -€12,012
down €12,012 (-41.4%), from €29,025 to €17,013
of which Other amounts receivable: -€12,876
- Stocks and contracts -€4,738
down €4,738 (-15.1%), from €31,408 to €26,670
- Reserves -€23,210
down €23,210 (-8.6%), from €268,692 to €245,482
- Other debts +€22,246
up €22,246 (+78.7%), from €28,254 to €50,500
- Trade debts +€8,467
up €8,467 (+41.3%), from €20,515 to €28,981
- Accrued charges and deferred income +€8,292
new in 2025: €8,292
- Profit (loss) carried forward -€7,491
new in 2025: -€7,491
- Turnover +€852,798
new in 2025: €852,798
- Purchases and services +€643,375
new in 2025: €643,375
- Gross operating margin -€27,297
down €27,297 (-10.6%), from €256,798 to €229,501
- Staff costs -€11,718
down €11,718 (-6.2%), from €187,968 to €176,250
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 | €371,798 | €375,560 | +€3,762 | +1.0% |
| Fixed assets | 21/28 | €147,099 | €132,074 | -€15,025 | -10.2% |
| Tangible fixed assets | 22/27 | €147,099 | €132,074 | -€15,025 | -10.2% |
| Plant, machinery and equipment | 23 | €48,479 | €48,244 | -€235 | -0.5% |
| Furniture and vehicles | 24 | €4,534 | €6,835 | +€2,302 | +50.8% |
| Other tangible fixed assets | 26 | €94,087 | €76,994 | -€17,093 | -18.2% |
| Current assets | 29/58 | €224,699 | €243,486 | +€18,787 | +8.4% |
| Stocks and contracts in progress | 3 | €31,408 | €26,670 | -€4,738 | -15.1% |
| Stocks | 30/36 | €31,408 | €26,670 | -€4,738 | -15.1% |
| Amounts receivable within one year | 40/41 | €29,025 | €17,013 | -€12,012 | -41.4% |
| Trade receivables | 40 | €11,056 | €11,920 | +€864 | +7.8% |
| Other amounts receivable | 41 | €17,969 | €5,093 | -€12,876 | -71.7% |
| Current investments | 50/53 | €23,715 | €23,715 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €128,397 | €160,823 | +€32,427 | +25.3% |
| Deferred charges and accrued income | 490/1 | €12,154 | €15,264 | +€3,110 | +25.6% |
| Total equity and liabilities | 10/49 | €371,798 | €375,560 | +€3,762 | +1.0% |
| Equity | 10/15 | €298,692 | €267,991 | -€30,701 | -10.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €268,692 | €245,482 | -€23,210 | -8.6% |
| Distributable reserves | 133 | €268,692 | €245,482 | -€23,210 | -8.6% |
| Profit (loss) carried forward | 14 | - | -€7,491 | -€7,491 | |
| Amounts payable | 17/49 | €73,106 | €107,569 | +€34,463 | +47.1% |
| Amounts payable within one year | 42/48 | €73,106 | €99,278 | +€26,171 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €871 | €0 | -€871 | -100% |
| Trade debts | 44 | €20,515 | €28,981 | +€8,467 | +41.3% |
| Suppliers | 440/4 | €20,515 | €28,981 | +€8,467 | +41.3% |
| Advances received on contracts in progress | 46 | €150 | €150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,317 | €19,646 | -€3,671 | -15.7% |
| Taxes | 450/3 | €8,153 | €3,607 | -€4,546 | -55.8% |
| Remuneration and social security | 454/9 | €15,164 | €16,039 | +€875 | +5.8% |
| Other amounts payable | 47/48 | €28,254 | €50,500 | +€22,246 | +78.7% |
| Accrued charges and deferred income | 492/3 | - | €8,292 | +€8,292 | |
| Turnover | 70 | - | €852,798 | +€852,798 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €643,375 | +€643,375 | |
| Remuneration, social security and pensions | 62 | €187,968 | €176,250 | -€11,718 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,202 | €50,118 | +€3,917 | +8.5% |
| Other operating charges | 640/8 | €7,751 | €8,439 | +€688 | +8.9% |
| Gross operating margin | 9900 | €256,798 | €229,501 | -€27,297 | -10.6% |
| Operating profit (loss) | 9901 | €14,877 | -€5,306 | -€20,184 | |
| Financial income | 75/76B | €108 | €377 | +€269 | +249% |
| Recurring financial income | 75 | €108 | €377 | +€269 | +249% |
| Financial charges | 65/66B | €1,197 | €2,562 | +€1,365 | +114% |
| Recurring financial charges | 65 | €1,197 | €2,562 | +€1,365 | +114% |
| Profit (loss) for the period before taxes | 9903 | €13,788 | -€7,491 | -€21,279 | |
| Income taxes | 67/77 | €4,924 | €0 | -€4,924 | -100% |
| Profit (loss) for the period | 9904 | €8,864 | -€7,491 | -€16,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,864 | -€7,491 | -€16,355 |
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.