DE GRANAATAPPEL: 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 GRANAATAPPEL
Largest movements
- Cash +€11,850
up €11,850 (+38.5%), from €30,761 to €42,611
mainly Net result for the year (+€49,787) and Depreciation (+€8,775)
- Receivables within one year +€3,669
up €3,669 (+12.2%), from €30,071 to €33,740
of which Other amounts receivable: +€3,611
- Tangible fixed assets +€3,305
up €3,305 (+14.9%), from €22,151 to €25,456
of which Furniture and vehicles: +€8,038
- Deferred charges and accrued income -€3,277
down €3,277 (-81.0%), from €4,044 to €767
- Reserves +€49,787
new in 2025: €49,787
- Other debts -€31,112
down €31,112 (-76.3%), from €40,784 to €9,671
- Trade debts -€8,270
down €8,270 (-88.4%), from €9,359 to €1,089
- Tax, wage and social debts +€5,143
up €5,143 (+60.9%), from €8,439 to €13,582
of which Remuneration and social security: +€4,515
- Gross operating margin -€22,741
down €22,741 (-8.3%), from €273,041 to €250,300
- Staff costs -€15,481
down €15,481 (-7.6%), from €203,804 to €188,323
- Depreciation -€9,933
down €9,933 (-53.1%), from €18,708 to €8,775
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 | €102,051 | €117,598 | +€15,547 | +15.2% |
| Fixed assets | 21/28 | €34,675 | €37,980 | +€3,305 | +9.5% |
| Tangible fixed assets | 22/27 | €22,151 | €25,456 | +€3,305 | +14.9% |
| Plant, machinery and equipment | 23 | €20,586 | €15,853 | -€4,733 | -23.0% |
| Furniture and vehicles | 24 | €1,565 | €9,603 | +€8,038 | +514% |
| Financial fixed assets | 28 | €12,524 | €12,524 | = | 0.0% |
| Current assets | 29/58 | €67,376 | €79,618 | +€12,242 | +18.2% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,071 | €33,740 | +€3,669 | +12.2% |
| Trade receivables | 40 | €30,071 | €30,129 | +€58 | +0.2% |
| Other amounts receivable | 41 | - | €3,611 | +€3,611 | |
| Cash at bank and in hand | 54/58 | €30,761 | €42,611 | +€11,850 | +38.5% |
| Deferred charges and accrued income | 490/1 | €4,044 | €767 | -€3,277 | -81.0% |
| Total equity and liabilities | 10/49 | €102,051 | €117,598 | +€15,547 | +15.2% |
| Equity | 10/15 | €43,469 | €93,256 | +€49,787 | +115% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €49,787 | +€49,787 | |
| Distributable reserves | 133 | - | €49,787 | +€49,787 | |
| Profit (loss) carried forward | 14 | €23,469 | €23,469 | = | 0.0% |
| Amounts payable | 17/49 | €58,582 | €24,342 | -€34,240 | -58.4% |
| Amounts payable within one year | 42/48 | €58,582 | €24,342 | -€34,240 | -58.4% |
| Trade debts | 44 | €9,359 | €1,089 | -€8,270 | -88.4% |
| Suppliers | 440/4 | €9,359 | €1,089 | -€8,270 | -88.4% |
| Taxes, remuneration and social security | 45 | €8,439 | €13,582 | +€5,143 | +60.9% |
| Taxes | 450/3 | €4,570 | €5,197 | +€627 | +13.7% |
| Remuneration and social security | 454/9 | €3,870 | €8,385 | +€4,515 | +117% |
| Other amounts payable | 47/48 | €40,784 | €9,671 | -€31,112 | -76.3% |
| Remuneration, social security and pensions | 62 | €203,804 | €188,323 | -€15,481 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,708 | €8,775 | -€9,933 | -53.1% |
| Other operating charges | 640/8 | €2,355 | €2,617 | +€261 | +11.1% |
| Gross operating margin | 9900 | €273,041 | €250,300 | -€22,741 | -8.3% |
| Operating profit (loss) | 9901 | €48,174 | €50,586 | +€2,412 | +5.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €488 | €739 | +€251 | +51.5% |
| Recurring financial charges | 65 | €488 | €739 | +€251 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €47,687 | €49,847 | +€2,160 | +4.5% |
| Income taxes | 67/77 | - | €60 | +€60 | |
| Profit (loss) for the period | 9904 | €47,687 | €49,787 | +€2,100 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,687 | €49,787 | +€2,100 | +4.4% |
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 28 October 2026 via checked.be.