GRAANKAAI: 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.
GRAANKAAI
Largest movements
- Receivables within one year +€501,094
up €501,094 (+284%), from €176,584 to €677,678
- Stocks and contracts +€93,387
up €93,387 (+3.0%), from €3.1m to €3.2m
- Other debts +€637,537
up €637,537 (+42.2%), from €1.5m to €2.1m
- Financial charges +€10,955
up €10,955 (+203%), from €5,388 to €16,343
- Financial income +€3,810
up €3,810 (+240%), from €1,584 to €5,394
- Gross operating margin -€288
down €288 (-8.4%), from -€3,442 to -€3,730
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 | €3,451,023 | €4,073,544 | +€622,521 | +18.0% |
| Fixed assets | 21/28 | €100,000 | €100,000 | = | 0.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €3,351,023 | €3,973,544 | +€622,521 | +18.6% |
| Stocks and contracts in progress | 3 | €3,138,027 | €3,231,413 | +€93,387 | +3.0% |
| Stocks | 30/36 | €3,138,027 | €3,231,413 | +€93,387 | +3.0% |
| Amounts receivable within one year | 40/41 | €176,584 | €677,678 | +€501,094 | +284% |
| Other amounts receivable | 41 | €176,584 | €677,678 | +€501,094 | +284% |
| Cash at bank and in hand | 54/58 | €36,412 | €64,453 | +€28,040 | +77.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,451,023 | €4,073,544 | +€622,521 | +18.0% |
| Equity | 10/15 | €78,912 | €63,926 | -€14,985 | -19.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,088 | -€36,074 | -€14,985 | -71.1% |
| Amounts payable | 17/49 | €3,372,112 | €4,009,618 | +€637,506 | +18.9% |
| Amounts payable within one year | 42/48 | €3,351,983 | €3,994,679 | +€642,697 | +19.2% |
| Financial debts | 43 | €1,842,798 | €1,842,798 | = | 0.0% |
| Credit institutions | 430/8 | €1,842,798 | €1,842,798 | = | 0.0% |
| Trade debts | 44 | €0 | €160 | +€160 | |
| Suppliers | 440/4 | €0 | €160 | +€160 | |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €1,509,185 | €2,146,722 | +€637,537 | +42.2% |
| Accrued charges and deferred income | 492/3 | €20,129 | €14,938 | -€5,191 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €301 | €306 | +€5 | +1.7% |
| Gross operating margin | 9900 | -€3,442 | -€3,730 | -€288 | -8.4% |
| Operating profit (loss) | 9901 | -€3,743 | -€4,036 | -€293 | -7.8% |
| Financial income | 75/76B | €1,584 | €5,394 | +€3,810 | +240% |
| Recurring financial income | 75 | €1,584 | €5,394 | +€3,810 | +240% |
| Financial charges | 65/66B | €5,388 | €16,343 | +€10,955 | +203% |
| Recurring financial charges | 65 | €5,388 | €16,343 | +€10,955 | +203% |
| Profit (loss) for the period before taxes | 9903 | -€7,547 | -€14,985 | -€7,439 | -98.6% |
| Profit (loss) for the period | 9904 | -€7,547 | -€14,985 | -€7,439 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,547 | -€14,985 | -€7,439 | -98.6% |
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 17 October 2026 via checked.be.