GRANDI-JOOST: 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.
GRANDI-JOOST
Largest movements
- Receivables within one year +€31,367
up €31,367 (+311%), from €10,100 to €41,467
of which Trade receivables: +€25,384
- Tangible fixed assets +€14,781
up €14,781 (+186%), from €7,958 to €22,739
of which Other tangible fixed assets: +€9,327
- Cash +€6,207
up €6,207 (+24.1%), from €25,712 to €31,919
mainly Trade debts (+€46,454) and Net result for the year (+€9,348)
- Trade debts +€46,454
up €46,454 (+389%), from €11,936 to €58,389
- Profit (loss) carried forward +€9,369
up €9,369 (+17.4%), from -€53,954 to -€44,584
- Other debts -€3,005
down €3,005 (-4.4%), from €67,524 to €64,519
- Gross operating margin +€1,690
up €1,690 (+10.5%), from €16,140 to €17,830
- Depreciation -€1,403
down €1,403 (-39.5%), from €3,553 to €2,150
- Taxes -€466
down €466 (-8.8%), from €5,293 to €4,828
- Financial charges +€208
up €208 (+74.1%), from €281 to €489
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 | €46,549 | €99,338 | +€52,790 | +113% |
| Fixed assets | 21/28 | €7,958 | €22,739 | +€14,781 | +186% |
| Tangible fixed assets | 22/27 | €7,958 | €22,739 | +€14,781 | +186% |
| Furniture and vehicles | 24 | €433 | €5,887 | +€5,454 | +1,259% |
| Other tangible fixed assets | 26 | €7,525 | €16,852 | +€9,327 | +124% |
| Current assets | 29/58 | €38,590 | €76,599 | +€38,009 | +98.5% |
| Amounts receivable within one year | 40/41 | €10,100 | €41,467 | +€31,367 | +311% |
| Trade receivables | 40 | €354 | €25,738 | +€25,384 | +7,173% |
| Other amounts receivable | 41 | €9,747 | €15,730 | +€5,983 | +61.4% |
| Cash at bank and in hand | 54/58 | €25,712 | €31,919 | +€6,207 | +24.1% |
| Deferred charges and accrued income | 490/1 | €2,778 | €3,212 | +€435 | +15.6% |
| Total equity and liabilities | 10/49 | €46,549 | €99,338 | +€52,790 | +113% |
| Equity | 10/15 | -€33,494 | -€24,124 | +€9,369 | +28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€53,954 | -€44,584 | +€9,369 | +17.4% |
| Amounts payable | 17/49 | €80,042 | €123,463 | +€43,421 | +54.2% |
| Amounts payable within one year | 42/48 | €80,042 | €123,463 | +€43,421 | +54.2% |
| Trade debts | 44 | €11,936 | €58,389 | +€46,454 | +389% |
| Suppliers | 440/4 | €11,936 | €58,389 | +€46,454 | +389% |
| Taxes, remuneration and social security | 45 | €583 | €554 | -€29 | -4.9% |
| Taxes | 450/3 | €583 | €554 | -€29 | -4.9% |
| Other amounts payable | 47/48 | €67,524 | €64,519 | -€3,005 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,553 | €2,150 | -€1,403 | -39.5% |
| Other operating charges | 640/8 | €915 | €1,018 | +€102 | +11.2% |
| Non-recurring operating charges | 66A | €2,348 | €0 | -€2,348 | -100% |
| Gross operating margin | 9900 | €16,140 | €17,830 | +€1,690 | +10.5% |
| Operating profit (loss) | 9901 | €9,324 | €14,663 | +€5,338 | +57.2% |
| Financial income | 75/76B | €39 | €2 | -€37 | -95.1% |
| Recurring financial income | 75 | €39 | €2 | -€37 | -95.1% |
| Financial charges | 65/66B | €281 | €489 | +€208 | +74.1% |
| Recurring financial charges | 65 | €281 | €489 | +€208 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €9,083 | €14,176 | +€5,093 | +56.1% |
| Income taxes | 67/77 | €5,293 | €4,828 | -€466 | -8.8% |
| Profit (loss) for the period | 9904 | €3,790 | €9,348 | +€5,558 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €3,790 | €9,348 | +€5,558 | +147% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.