Granaat: 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.
Granaat
Largest movements
- Cash +€11,234
up €11,234 (+1677.0%), from €670 to €11,904
mainly Net result for the year (+€27,883) and Depreciation (+€5,570)
- Tangible fixed assets +€1,217
up €1,217 (+4.8%), from €25,472 to €26,689
of which Furniture and vehicles: +€2,697
- Profit (loss) carried forward +€21,141
no longer reported in 2025 (was -€21,141)
- Other debts -€14,429
down €14,429 (-63.4%), from €22,757 to €8,328
- Reserves +€6,742
up €6,742 (+72.6%), from €9,289 to €16,031
- Trade debts -€2,259
down €2,259 (-40.7%), from €5,554 to €3,295
- Tax, wage and social debts +€780
up €780 (+264.7%), from €295 to €1,074
- Gross operating margin +€54,669
up €54,669, from -€13,717 to €40,952
- Taxes +€5,166
up €5,166 (+1753.7%), from €295 to €5,461
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 | €29,163 | €41,183 | +€12,020 | +41.2% |
| Fixed assets | 21/28 | €25,472 | €26,689 | +€1,217 | +4.8% |
| Tangible fixed assets | 22/27 | €25,472 | €26,689 | +€1,217 | +4.8% |
| Plant, machinery and equipment | 23 | €996 | €576 | -€421 | -42.2% |
| Furniture and vehicles | 24 | €13,438 | €16,135 | +€2,697 | +20.1% |
| Other tangible fixed assets | 26 | €11,038 | €9,978 | -€1,059 | -9.6% |
| Current assets | 29/58 | €3,691 | €14,495 | +€10,804 | +292.7% |
| Amounts receivable within one year | 40/41 | €2,643 | €2,590 | -€52 | -2.0% |
| Trade receivables | 40 | €1,817 | €2,051 | +€234 | +12.9% |
| Other amounts receivable | 41 | €825 | €539 | -€286 | -34.7% |
| Cash at bank and in hand | 54/58 | €670 | €11,904 | +€11,234 | +1677.0% |
| Deferred charges and accrued income | 490/1 | €379 | - | -€379 | |
| Total equity and liabilities | 10/49 | €29,163 | €41,183 | +€12,020 | +41.2% |
| Equity | 10/15 | €558 | €28,441 | +€27,883 | +5000.3% |
| Contributions | 10/11 | €12,410 | €12,410 | = | 0.0% |
| Reserves | 13 | €9,289 | €16,031 | +€6,742 | +72.6% |
| Distributable reserves | 133 | €9,289 | €16,031 | +€6,742 | +72.6% |
| Profit (loss) carried forward | 14 | -€21,141 | - | +€21,141 | |
| Amounts payable | 17/49 | €28,605 | €12,743 | -€15,863 | -55.5% |
| Amounts payable within one year | 42/48 | €28,605 | €12,697 | -€15,909 | -55.6% |
| Trade debts | 44 | €5,554 | €3,295 | -€2,259 | -40.7% |
| Suppliers | 440/4 | €5,554 | €3,295 | -€2,259 | -40.7% |
| Taxes, remuneration and social security | 45 | €295 | €1,074 | +€780 | +264.7% |
| Taxes | 450/3 | €295 | €1,074 | +€780 | +264.7% |
| Other amounts payable | 47/48 | €22,757 | €8,328 | -€14,429 | -63.4% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,695 | €5,570 | -€124 | -2.2% |
| Other operating charges | 640/8 | €1,190 | €1,522 | +€332 | +27.9% |
| Gross operating margin | 9900 | -€13,717 | €40,952 | +€54,669 | |
| Operating profit (loss) | 9901 | -€20,602 | €33,860 | +€54,462 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €245 | €540 | +€295 | +120.5% |
| Recurring financial charges | 65 | €245 | €540 | +€295 | +120.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,847 | €33,344 | +€54,190 | |
| Income taxes | 67/77 | €295 | €5,461 | +€5,166 | +1753.7% |
| Profit (loss) for the period | 9904 | -€21,141 | €27,883 | +€49,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,141 | €27,883 | +€49,024 |
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 11 October 2026 via checked.be.