GRANDIA B: 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.
GRANDIA B
Largest movements
- Tangible fixed assets -€43,746
down €43,746 (-2.2%), from €2.0m to €2.0m
- Profit (loss) carried forward -€53,975
down €53,975 (-67.8%), from -€79,650 to -€133,626
- Gross operating margin +€53,354
up €53,354 (+189%), from €28,197 to €81,551
- Financial charges +€40,138
up €40,138 (+127%), from €31,510 to €71,648
- Depreciation -€16,838
down €16,838 (-22.9%), from €73,611 to €56,773
- Other operating charges +€4,063
up €4,063 (+134%), from €3,042 to €7,105
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,004,859 | €1,960,233 | -€44,626 | -2.2% |
| Formation expenses | 20 | €620 | €0 | -€620 | -100% |
| Fixed assets | 21/28 | €1,996,218 | €1,952,472 | -€43,746 | -2.2% |
| Tangible fixed assets | 22/27 | €1,996,218 | €1,952,472 | -€43,746 | -2.2% |
| Land and buildings | 22 | €1,996,218 | €1,952,472 | -€43,746 | -2.2% |
| Current assets | 29/58 | €8,021 | €7,761 | -€260 | -3.2% |
| Amounts receivable within one year | 40/41 | €95 | €95 | = | 0.0% |
| Other amounts receivable | 41 | €95 | €95 | = | 0.0% |
| Current investments | 50/53 | €7,011 | €7,667 | +€656 | +9.4% |
| Deferred charges and accrued income | 490/1 | €916 | €0 | -€916 | -100% |
| Total equity and liabilities | 10/49 | €2,004,859 | €1,960,233 | -€44,626 | -2.2% |
| Equity | 10/15 | €120,350 | €66,374 | -€53,975 | -44.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,650 | -€133,626 | -€53,975 | -67.8% |
| Amounts payable | 17/49 | €1,884,509 | €1,893,859 | +€9,350 | +0.5% |
| Amounts payable after more than one year | 17 | €1,781,574 | €1,768,008 | -€13,565 | -0.8% |
| Financial debts | 170/4 | €1,781,574 | €1,768,008 | -€13,565 | -0.8% |
| Amounts payable within one year | 42/48 | €90,995 | €97,830 | +€6,835 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €14,887 | €14,675 | -€212 | -1.4% |
| Trade debts | 44 | €3,909 | €1,043 | -€2,866 | -73.3% |
| Suppliers | 440/4 | €3,909 | €1,043 | -€2,866 | -73.3% |
| Other amounts payable | 47/48 | €72,199 | €82,112 | +€9,913 | +13.7% |
| Accrued charges and deferred income | 492/3 | €11,940 | €28,020 | +€16,080 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,611 | €56,773 | -€16,838 | -22.9% |
| Other operating charges | 640/8 | €3,042 | €7,105 | +€4,063 | +134% |
| Gross operating margin | 9900 | €28,197 | €81,551 | +€53,354 | +189% |
| Operating profit (loss) | 9901 | -€48,456 | €17,673 | +€66,129 | |
| Financial income | 75/76B | €316 | - | -€316 | |
| Recurring financial income | 75 | €316 | - | -€316 | |
| Financial charges | 65/66B | €31,510 | €71,648 | +€40,138 | +127% |
| Recurring financial charges | 65 | €31,510 | €71,648 | +€40,138 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€79,650 | -€53,975 | +€25,675 | +32.2% |
| Profit (loss) for the period | 9904 | -€79,650 | -€53,975 | +€25,675 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,650 | -€53,975 | +€25,675 | +32.2% |
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 16 October 2026 via checked.be.