GRANDIOOZ: 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.
GRANDIOOZ
Largest movements
- Stocks and contracts -€28,834
down €28,834 (-7.4%), from €390,972 to €362,137
- Cash +€13,199
up €13,199 (+285%), from €4,633 to €17,832
mainly Stocks and contracts (+€28,834) and Depreciation (+€9,784)
- Tangible fixed assets -€9,784
down €9,784 (-40.4%), from €24,244 to €14,459
of which Other tangible fixed assets: -€8,867
- Tax, wage and social debts -€11,312
down €11,312 (-36.5%), from €30,963 to €19,651
of which Taxes: -€11,494
- Trade debts -€9,578
down €9,578 (-29.3%), from €32,698 to €23,121
- Debts after one year -€8,822
down €8,822 (-51.3%), from €17,187 to €8,366
- Other debts +€5,820
up €5,820 (+2.6%), from €227,758 to €233,578
- Short-term financial debts -€4,918
no longer reported in 2025 (was €4,918)
- Staff costs -€79,741
down €79,741 (-37.7%), from €211,398 to €131,656
- Gross operating margin -€61,489
down €61,489 (-29.4%), from €209,291 to €147,802
- Financial charges -€2,914
down €2,914 (-47.5%), from €6,129 to €3,216
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 | €449,320 | €422,881 | -€26,439 | -5.9% |
| Fixed assets | 21/28 | €24,244 | €14,459 | -€9,784 | -40.4% |
| Tangible fixed assets | 22/27 | €24,244 | €14,459 | -€9,784 | -40.4% |
| Furniture and vehicles | 24 | €1,008 | €91 | -€918 | -91.0% |
| Other tangible fixed assets | 26 | €23,235 | €14,368 | -€8,867 | -38.2% |
| Current assets | 29/58 | €425,076 | €408,422 | -€16,654 | -3.9% |
| Stocks and contracts in progress | 3 | €390,972 | €362,137 | -€28,834 | -7.4% |
| Stocks | 30/36 | €390,972 | €362,137 | -€28,834 | -7.4% |
| Amounts receivable within one year | 40/41 | €26,723 | €25,626 | -€1,097 | -4.1% |
| Trade receivables | 40 | €5,957 | €4,440 | -€1,517 | -25.5% |
| Other amounts receivable | 41 | €20,765 | €21,185 | +€420 | +2.0% |
| Cash at bank and in hand | 54/58 | €4,633 | €17,832 | +€13,199 | +285% |
| Deferred charges and accrued income | 490/1 | €2,749 | €2,827 | +€78 | +2.8% |
| Total equity and liabilities | 10/49 | €449,320 | €422,881 | -€26,439 | -5.9% |
| Equity | 10/15 | €127,110 | €129,294 | +€2,184 | +1.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,110 | €104,294 | +€2,184 | +2.1% |
| Amounts payable | 17/49 | €322,210 | €293,587 | -€28,623 | -8.9% |
| Amounts payable after more than one year | 17 | €17,187 | €8,366 | -€8,822 | -51.3% |
| Financial debts | 170/4 | €17,187 | €8,366 | -€8,822 | -51.3% |
| Amounts payable within one year | 42/48 | €304,851 | €285,172 | -€19,680 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €8,515 | €8,822 | +€307 | +3.6% |
| Financial debts | 43 | €4,918 | - | -€4,918 | |
| Credit institutions | 430/8 | €4,918 | - | -€4,918 | |
| Trade debts | 44 | €32,698 | €23,121 | -€9,578 | -29.3% |
| Suppliers | 440/4 | €32,698 | €23,121 | -€9,578 | -29.3% |
| Taxes, remuneration and social security | 45 | €30,963 | €19,651 | -€11,312 | -36.5% |
| Taxes | 450/3 | €30,963 | €19,469 | -€11,494 | -37.1% |
| Remuneration and social security | 454/9 | - | €182 | +€182 | |
| Other amounts payable | 47/48 | €227,758 | €233,578 | +€5,820 | +2.6% |
| Accrued charges and deferred income | 492/3 | €171 | €50 | -€121 | -70.9% |
| Remuneration, social security and pensions | 62 | €211,398 | €131,656 | -€79,741 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,356 | €9,784 | -€572 | -5.5% |
| Other operating charges | 640/8 | €1,122 | €969 | -€153 | -13.6% |
| Gross operating margin | 9900 | €209,291 | €147,802 | -€61,489 | -29.4% |
| Operating profit (loss) | 9901 | -€13,585 | €5,392 | +€18,977 | |
| Financial income | 75/76B | €164 | €8 | -€156 | -95.2% |
| Recurring financial income | 75 | €164 | €8 | -€156 | -95.2% |
| Financial charges | 65/66B | €6,129 | €3,216 | -€2,914 | -47.5% |
| Recurring financial charges | 65 | €6,129 | €3,216 | -€2,914 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,550 | €2,184 | +€21,734 | |
| Profit (loss) for the period | 9904 | -€19,550 | €2,184 | +€21,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,550 | €2,184 | +€21,734 |
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 19 October 2026 via checked.be.