GRAANMARKT 13: 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.
GRAANMARKT 13
Largest movements
- Tangible fixed assets -€69,468
down €69,468 (-18.7%), from €371,495 to €302,027
of which Other tangible fixed assets: -€64,238
- Stocks and contracts +€62,471
up €62,471 (+9.3%), from €672,985 to €735,456
- Cash -€20,005
down €20,005 (-79.8%), from €25,071 to €5,066
mainly Short-term financial debts (-€195,000) and Current portion of long-term debt (-€117,171)
- Intangible fixed assets -€11,590
down €11,590 (-38.9%), from €29,765 to €18,175
- Debts after one year +€275,768
up €275,768 (+51.2%), from €538,584 to €814,352
- Short-term financial debts -€195,000
no longer reported in 2025 (was €195,000)
- Current portion of long-term debt -€117,171
no longer reported in 2025 (was €117,171)
- Trade debts +€90,668
up €90,668 (+18.1%), from €501,719 to €592,387
- Profit (loss) carried forward -€87,320
down €87,320 (-2.8%), from -€3.1m to -€3.2m
- Staff costs -€69,174
down €69,174 (-25.5%), from €271,691 to €202,517
- Gross operating margin -€54,442
down €54,442 (-19.9%), from €274,139 to €219,697
- Financial charges -€10,762
down €10,762 (-35.8%), from €30,091 to €19,329
- Depreciation -€4,961
down €4,961 (-5.7%), from €87,619 to €82,658
- Financial income +€3,473
up €3,473 (+470.6%), from €738 to €4,211
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.
Cash bridge derived
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 | €1,145,956 | €1,092,863 | -€53,093 | -4.6% |
| Fixed assets | 21/28 | €401,260 | €320,202 | -€81,058 | -20.2% |
| Intangible fixed assets | 21 | €29,765 | €18,175 | -€11,590 | -38.9% |
| Tangible fixed assets | 22/27 | €371,495 | €302,027 | -€69,468 | -18.7% |
| Furniture and vehicles | 24 | €67,951 | €62,721 | -€5,230 | -7.7% |
| Other tangible fixed assets | 26 | €303,544 | €239,306 | -€64,238 | -21.2% |
| Current assets | 29/58 | €744,696 | €772,661 | +€27,965 | +3.8% |
| Stocks and contracts in progress | 3 | €672,985 | €735,456 | +€62,471 | +9.3% |
| Stocks | 30/36 | €672,985 | €735,456 | +€62,471 | +9.3% |
| Amounts receivable within one year | 40/41 | €25,626 | €20,233 | -€5,393 | -21.0% |
| Trade receivables | 40 | €25,626 | €4,205 | -€21,421 | -83.6% |
| Other amounts receivable | 41 | - | €16,028 | +€16,028 | |
| Cash at bank and in hand | 54/58 | €25,071 | €5,066 | -€20,005 | -79.8% |
| Deferred charges and accrued income | 490/1 | €21,014 | €11,906 | -€9,108 | -43.3% |
| Total equity and liabilities | 10/49 | €1,145,956 | €1,092,863 | -€53,093 | -4.6% |
| Equity | 10/15 | -€600,728 | -€688,048 | -€87,320 | -14.5% |
| Contributions | 10/11 | €2,481,000 | €2,481,000 | = | 0.0% |
| Capital | 10 | €2,481,000 | €2,481,000 | = | 0.0% |
| Issued capital | 100 | €2,481,000 | €2,481,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,081,728 | -€3,169,048 | -€87,320 | -2.8% |
| Amounts payable | 17/49 | €1,746,684 | €1,780,911 | +€34,227 | +2.0% |
| Amounts payable after more than one year | 17 | €538,584 | €814,352 | +€275,768 | +51.2% |
| Financial debts | 170/4 | €538,584 | €814,352 | +€275,768 | +51.2% |
| Amounts payable within one year | 42/48 | €1,206,900 | €965,359 | -€241,541 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €117,171 | - | -€117,171 | |
| Financial debts | 43 | €195,000 | - | -€195,000 | |
| Credit institutions | 430/8 | €195,000 | - | -€195,000 | |
| Trade debts | 44 | €501,719 | €592,387 | +€90,668 | +18.1% |
| Suppliers | 440/4 | €501,719 | €592,387 | +€90,668 | +18.1% |
| Taxes, remuneration and social security | 45 | €52,329 | €34,598 | -€17,731 | -33.9% |
| Taxes | 450/3 | €11,267 | €7,879 | -€3,388 | -30.1% |
| Remuneration and social security | 454/9 | €41,062 | €26,719 | -€14,343 | -34.9% |
| Other amounts payable | 47/48 | €340,681 | €338,374 | -€2,307 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €271,691 | €202,517 | -€69,174 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,619 | €82,658 | -€4,961 | -5.7% |
| Other operating charges | 640/8 | €7,185 | €6,538 | -€647 | -9.0% |
| Gross operating margin | 9900 | €274,139 | €219,697 | -€54,442 | -19.9% |
| Operating profit (loss) | 9901 | -€92,356 | -€72,016 | +€20,340 | +22.0% |
| Financial income | 75/76B | €738 | €4,211 | +€3,473 | +470.6% |
| Recurring financial income | 75 | €738 | €4,211 | +€3,473 | +470.6% |
| Financial charges | 65/66B | €30,091 | €19,329 | -€10,762 | -35.8% |
| Recurring financial charges | 65 | €30,091 | €19,329 | -€10,762 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€121,709 | -€87,134 | +€34,575 | +28.4% |
| Income taxes | 67/77 | €186 | €186 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€121,895 | -€87,320 | +€34,575 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,895 | -€87,320 | +€34,575 | +28.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.