GRANADA BEACH: 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.
GRANADA BEACH
Largest movements
- Cash -€25,115
down €25,115 (-82.3%), from €30,501 to €5,386
mainly Net result for the year (-€42,718) and Accrued charges and deferred income (-€22,209)
- Receivables within one year -€23,663
down €23,663 (-74.2%), from €31,906 to €8,243
- Stocks and contracts -€9,134
down €9,134 (-32.0%), from €28,559 to €19,425
- Tangible fixed assets +€3,932
new in 2025: €3,932
- Profit (loss) carried forward -€42,718
down €42,718 (-163.5%), from -€26,121 to -€68,839
- Accrued charges and deferred income -€22,209
down €22,209 (-91.9%), from €24,156 to €1,947
- Debts after one year -€19,081
down €19,081 (-48.7%), from €39,170 to €20,088
- Other debts +€13,018
up €13,018 (+47.1%), from €27,610 to €40,628
- Trade debts +€10,421
up €10,421 (+269.6%), from €3,865 to €14,286
- Gross operating margin -€15,480
down €15,480 (-74.0%), from -€20,920 to -€36,400
- Financial charges +€1,202
up €1,202 (+47.4%), from €2,534 to €3,736
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 | €95,769 | €40,394 | -€55,375 | -57.8% |
| Formation expenses | 20 | €1,808 | €1,355 | -€453 | -25.1% |
| Fixed assets | 21/28 | €1,860 | €5,792 | +€3,932 | +211.4% |
| Tangible fixed assets | 22/27 | - | €3,932 | +€3,932 | |
| Furniture and vehicles | 24 | - | €3,932 | +€3,932 | |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €92,101 | €33,247 | -€58,854 | -63.9% |
| Stocks and contracts in progress | 3 | €28,559 | €19,425 | -€9,134 | -32.0% |
| Stocks | 30/36 | €28,559 | €19,425 | -€9,134 | -32.0% |
| Amounts receivable within one year | 40/41 | €31,906 | €8,243 | -€23,663 | -74.2% |
| Trade receivables | 40 | €31,906 | €8,243 | -€23,663 | -74.2% |
| Cash at bank and in hand | 54/58 | €30,501 | €5,386 | -€25,115 | -82.3% |
| Deferred charges and accrued income | 490/1 | €1,135 | €193 | -€942 | -83.0% |
| Total equity and liabilities | 10/49 | €95,769 | €40,394 | -€55,375 | -57.8% |
| Equity | 10/15 | -€23,621 | -€66,339 | -€42,718 | -180.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,121 | -€68,839 | -€42,718 | -163.5% |
| Amounts payable | 17/49 | €119,390 | €106,733 | -€12,658 | -10.6% |
| Amounts payable after more than one year | 17 | €39,170 | €20,088 | -€19,081 | -48.7% |
| Financial debts | 170/4 | €39,170 | €20,088 | -€19,081 | -48.7% |
| Amounts payable within one year | 42/48 | €56,065 | €84,698 | +€28,633 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €18,278 | €19,081 | +€803 | +4.4% |
| Trade debts | 44 | €3,865 | €14,286 | +€10,421 | +269.6% |
| Suppliers | 440/4 | €3,865 | €14,286 | +€10,421 | +269.6% |
| Advances received on contracts in progress | 46 | - | €523 | +€523 | |
| Taxes, remuneration and social security | 45 | €6,311 | €10,180 | +€3,869 | +61.3% |
| Taxes | 450/3 | €4,811 | €9,680 | +€4,869 | +101.2% |
| Remuneration and social security | 454/9 | €1,500 | €500 | -€1,000 | -66.7% |
| Other amounts payable | 47/48 | €27,610 | €40,628 | +€13,018 | +47.1% |
| Accrued charges and deferred income | 492/3 | €24,156 | €1,947 | -€22,209 | -91.9% |
| Non-recurring operating income | 76A | €10,844 | - | -€10,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €522 | +€64 | +14.0% |
| Other operating charges | 640/8 | €2,074 | €1,928 | -€146 | -7.0% |
| Gross operating margin | 9900 | -€20,920 | -€36,400 | -€15,480 | -74.0% |
| Operating profit (loss) | 9901 | -€23,451 | -€38,850 | -€15,399 | -65.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €2,534 | €3,736 | +€1,202 | +47.4% |
| Recurring financial charges | 65 | €2,534 | €3,736 | +€1,202 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,985 | -€42,586 | -€16,600 | -63.9% |
| Income taxes | 67/77 | €136 | €132 | -€4 | -2.9% |
| Profit (loss) for the period | 9904 | -€26,121 | -€42,718 | -€16,597 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,121 | -€42,718 | -€16,597 | -63.5% |
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 4 October 2026 via checked.be.