GRAN CONSIGLIO: 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.
GRAN CONSIGLIO
Largest movements
- Cash +€34,091
up €34,091 (+69.8%), from €48,875 to €82,966
mainly Other debts (+€124,246) and Net result for the year (+€69,594)
- Tangible fixed assets +€11,543
up €11,543 (+1.7%), from €661,820 to €673,363
of which Plant, machinery and equipment: +€35,175
- Other debts +€124,246
up €124,246 (+208%), from €59,706 to €183,951
- Reserves -€61,793
down €61,793 (-17.6%), from €350,379 to €288,585
- Debts after one year -€17,438
down €17,438 (-8.5%), from €204,984 to €187,546
- Current portion of long-term debt -€16,845
down €16,845 (-24.1%), from €70,001 to €53,156
- Gross operating margin +€36,371
up €36,371 (+30.8%), from €117,919 to €154,290
- Taxes +€8,288
up €8,288 (+44.1%), from €18,811 to €27,099
- Financial charges +€2,659
up €2,659 (+25.3%), from €10,529 to €13,188
- Other operating charges +€2,119
up €2,119 (+147%), from €1,446 to €3,565
- Financial income +€1,918
up €1,918 (+270%), from €711 to €2,629
of which Non-recurring financial income: +€1,757
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 | €730,850 | €773,217 | +€42,367 | +5.8% |
| Fixed assets | 21/28 | €661,888 | €673,363 | +€11,474 | +1.7% |
| Intangible fixed assets | 21 | €68 | - | -€68 | |
| Tangible fixed assets | 22/27 | €661,820 | €673,363 | +€11,543 | +1.7% |
| Land and buildings | 22 | €644,850 | €622,420 | -€22,430 | -3.5% |
| Plant, machinery and equipment | 23 | €12,743 | €47,919 | +€35,175 | +276% |
| Furniture and vehicles | 24 | €4,227 | €3,024 | -€1,203 | -28.5% |
| Current assets | 29/58 | €68,962 | €99,854 | +€30,892 | +44.8% |
| Stocks and contracts in progress | 3 | €10,761 | €9,651 | -€1,110 | -10.3% |
| Stocks | 30/36 | €10,761 | €9,651 | -€1,110 | -10.3% |
| Amounts receivable within one year | 40/41 | €3,635 | €3,999 | +€365 | +10.0% |
| Trade receivables | 40 | €3,581 | €3,999 | +€418 | +11.7% |
| Other amounts receivable | 41 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €48,875 | €82,966 | +€34,091 | +69.8% |
| Deferred charges and accrued income | 490/1 | €5,692 | €3,238 | -€2,453 | -43.1% |
| Total equity and liabilities | 10/49 | €730,850 | €773,217 | +€42,367 | +5.8% |
| Equity | 10/15 | €356,579 | €294,785 | -€61,793 | -17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €350,379 | €288,585 | -€61,793 | -17.6% |
| Distributable reserves | 133 | €350,379 | €288,585 | -€61,793 | -17.6% |
| Amounts payable | 17/49 | €374,272 | €478,432 | +€104,160 | +27.8% |
| Amounts payable after more than one year | 17 | €204,984 | €187,546 | -€17,438 | -8.5% |
| Financial debts | 170/4 | €204,984 | €187,546 | -€17,438 | -8.5% |
| Amounts payable within one year | 42/48 | €164,789 | €282,593 | +€117,804 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €70,001 | €53,156 | -€16,845 | -24.1% |
| Financial debts | 43 | €4,057 | €7,235 | +€3,178 | +78.3% |
| Other loans | 439 | €4,057 | €7,235 | +€3,178 | +78.3% |
| Trade debts | 44 | €6,044 | €8,019 | +€1,974 | +32.7% |
| Suppliers | 440/4 | €6,044 | €8,019 | +€1,974 | +32.7% |
| Taxes, remuneration and social security | 45 | €24,981 | €30,232 | +€5,251 | +21.0% |
| Taxes | 450/3 | €24,981 | €30,232 | +€5,251 | +21.0% |
| Other amounts payable | 47/48 | €59,706 | €183,951 | +€124,246 | +208% |
| Accrued charges and deferred income | 492/3 | €4,499 | €8,292 | +€3,793 | +84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,583 | €43,473 | -€110 | -0.3% |
| Other operating charges | 640/8 | €1,446 | €3,565 | +€2,119 | +147% |
| Gross operating margin | 9900 | €117,919 | €154,290 | +€36,371 | +30.8% |
| Operating profit (loss) | 9901 | €72,890 | €107,252 | +€34,362 | +47.1% |
| Financial income | 75/76B | €711 | €2,629 | +€1,918 | +270% |
| Recurring financial income | 75 | €711 | €872 | +€161 | +22.6% |
| Non-recurring financial income | 76B | - | €1,757 | +€1,757 | |
| Financial charges | 65/66B | €10,529 | €13,188 | +€2,659 | +25.3% |
| Recurring financial charges | 65 | €10,529 | €13,188 | +€2,659 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €63,072 | €96,693 | +€33,620 | +53.3% |
| Income taxes | 67/77 | €18,811 | €27,099 | +€8,288 | +44.1% |
| Profit (loss) for the period | 9904 | €44,262 | €69,594 | +€25,332 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,262 | €69,594 | +€25,332 | +57.2% |
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 29 October 2026 via checked.be.