GRAANNATIE: 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.
GRAANNATIE
Largest movements
- Cash -€93,131
down €93,131 (-51.6%), from €180,462 to €87,331
mainly Investment in fixed assets (net) (-€101,170) and Receivables within one year (-€24,476)
- Tangible fixed assets +€80,726
up €80,726 (+328%), from €24,643 to €105,369
- Receivables within one year +€24,476
up €24,476 (+59.8%), from €40,924 to €65,400
of which Trade receivables: +€25,400
- Tax, wage and social debts +€7,550
up €7,550 (+944%), from €800 to €8,350
- Trade debts +€4,193
up €4,193 (+25.7%), from €16,319 to €20,513
- Gross operating margin -€7,315
down €7,315 (-25.0%), from €29,231 to €21,916
- Depreciation -€4,606
down €4,606 (-18.4%), from €25,050 to €20,444
- Taxes -€485
down €485 (-60.0%), from €810 to €324
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 | €246,029 | €258,101 | +€12,072 | +4.9% |
| Fixed assets | 21/28 | €24,643 | €105,369 | +€80,726 | +328% |
| Tangible fixed assets | 22/27 | €24,643 | €105,369 | +€80,726 | +328% |
| Furniture and vehicles | 24 | €24,643 | €105,369 | +€80,726 | +328% |
| Current assets | 29/58 | €221,386 | €152,731 | -€68,654 | -31.0% |
| Amounts receivable within one year | 40/41 | €40,924 | €65,400 | +€24,476 | +59.8% |
| Trade receivables | 40 | €40,000 | €65,400 | +€25,400 | +63.5% |
| Other amounts receivable | 41 | €924 | - | -€924 | |
| Cash at bank and in hand | 54/58 | €180,462 | €87,331 | -€93,131 | -51.6% |
| Total equity and liabilities | 10/49 | €246,029 | €258,101 | +€12,072 | +4.9% |
| Equity | 10/15 | €228,910 | €229,238 | +€328 | +0.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €28,910 | €29,238 | +€328 | +1.1% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €8,910 | €9,238 | +€328 | +3.7% |
| Amounts payable | 17/49 | €17,119 | €28,863 | +€11,744 | +68.6% |
| Amounts payable within one year | 42/48 | €17,119 | €28,863 | +€11,744 | +68.6% |
| Trade debts | 44 | €16,319 | €20,513 | +€4,193 | +25.7% |
| Suppliers | 440/4 | €16,319 | €20,513 | +€4,193 | +25.7% |
| Taxes, remuneration and social security | 45 | €800 | €8,350 | +€7,550 | +944% |
| Taxes | 450/3 | €800 | €8,350 | +€7,550 | +944% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,050 | €20,444 | -€4,606 | -18.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €29,231 | €21,916 | -€7,315 | -25.0% |
| Operating profit (loss) | 9901 | €3,676 | €952 | -€2,723 | -74.1% |
| Financial charges | 65/66B | €174 | €300 | +€126 | +72.4% |
| Recurring financial charges | 65 | €174 | €300 | +€126 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €3,502 | €652 | -€2,849 | -81.4% |
| Income taxes | 67/77 | €810 | €324 | -€485 | -60.0% |
| Profit (loss) for the period | 9904 | €2,692 | €328 | -€2,364 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,692 | €328 | -€2,364 | -87.8% |
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.