GRAMINEA: what changed
Two fiscal 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.
GRAMINEA
Largest movements
- Stocks and contracts +€954,723
up €954,723 (+9.2%), from €10.4m to €11.4m
- Debts after one year +€5.0m
up €5.0m (+83.3%), from €6.0m to €11.0m
- Other debts -€4.0m
down €4.0m (-83.4%), from €4.8m to €800,178
- Other operating charges -€82,112
down €82,112 (-95.6%), from €85,880 to €3,769
- Gross operating margin +€58,520
up €58,520 (+98.1%), from -€59,655 to -€1,135
- Financial charges -€30,569
down €30,569 (-96.9%), from €31,555 to €986
- Financial income -€5,165
no longer reported in 2025 (was €5,165)
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 | €10,433,730 | €11,403,815 | +€970,085 | +9.3% |
| Current assets | 29/58 | €10,433,730 | €11,403,815 | +€970,085 | +9.3% |
| Stocks and contracts in progress | 3 | €10,412,022 | €11,366,744 | +€954,723 | +9.2% |
| Stocks | 30/36 | €10,412,022 | €11,366,744 | +€954,723 | +9.2% |
| Amounts receivable within one year | 40/41 | - | €0 | = | |
| Trade receivables | 40 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €21,708 | €36,507 | +€14,799 | +68.2% |
| Deferred charges and accrued income | 490/1 | - | €563 | +€563 | |
| Total equity and liabilities | 10/49 | €10,433,730 | €11,403,815 | +€970,085 | +9.3% |
| Equity | 10/15 | -€525,451 | -€531,341 | -€5,890 | -1.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€775,451 | -€781,341 | -€5,890 | -0.8% |
| Amounts payable | 17/49 | €10,959,180 | €11,935,155 | +€975,975 | +8.9% |
| Amounts payable after more than one year | 17 | €6,000,000 | €11,000,000 | +€5.0m | +83.3% |
| Financial debts | 170/4 | €6,000,000 | €11,000,000 | +€5.0m | +83.3% |
| Amounts payable within one year | 42/48 | €4,834,979 | €822,321 | -€4.0m | -83.0% |
| Trade debts | 44 | €9,979 | €4,143 | -€5,836 | -58.5% |
| Suppliers | 440/4 | €9,979 | €4,143 | -€5,836 | -58.5% |
| Advances received on contracts in progress | 46 | - | €18,000 | +€18,000 | |
| Other amounts payable | 47/48 | €4,825,000 | €800,178 | -€4.0m | -83.4% |
| Accrued charges and deferred income | 492/3 | €124,201 | €112,834 | -€11,367 | -9.2% |
| Non-recurring operating income | 76A | - | €8,604 | +€8,604 | |
| Other operating charges | 640/8 | €85,880 | €3,769 | -€82,112 | -95.6% |
| Gross operating margin | 9900 | -€59,655 | -€1,135 | +€58,520 | +98.1% |
| Operating profit (loss) | 9901 | -€145,536 | -€4,904 | +€140,632 | +96.6% |
| Financial income | 75/76B | €5,165 | - | -€5,165 | |
| Recurring financial income | 75 | €5,165 | - | -€5,165 | |
| Financial charges | 65/66B | €31,555 | €986 | -€30,569 | -96.9% |
| Recurring financial charges | 65 | €31,555 | €986 | -€30,569 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | -€171,926 | -€5,890 | +€166,036 | +96.6% |
| Profit (loss) for the period | 9904 | -€171,926 | -€5,890 | +€166,036 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€171,926 | -€5,890 | +€166,036 | +96.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.