Grandis: 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.
Grandis
Largest movements
- Tangible fixed assets -€132,209
down €132,209 (-82.3%), from €160,684 to €28,475
- Stocks and contracts -€59,405
down €59,405 (-25.6%), from €232,115 to €172,709
- Receivables within one year -€45,479
down €45,479 (-29.3%), from €155,212 to €109,733
of which Other amounts receivable: -€107,668
- Cash -€19,941
down €19,941 (-82.4%), from €24,194 to €4,253
mainly Net result for the year (-€262,689) and Trade debts (-€233,729)
- Other debts +€290,554
up €290,554 (+393%), from €74,000 to €364,554
- Profit (loss) carried forward -€262,689
down €262,689 (-46.9%), from -€560,317 to -€823,006
- Trade debts -€233,729
down €233,729 (-90.8%), from €257,352 to €23,623
- Tax, wage and social debts -€30,405
down €30,405 (-100%), from €30,405 to €0
of which Remuneration and social security: -€29,929
- Accrued charges and deferred income -€26,121
down €26,121 (-100%), from €26,121 to €0
- Staff costs -€264,515
down €264,515 (-81.1%), from €326,285 to €61,770
- Gross operating margin -€221,521
down €221,521, from €93,211 to -€128,310
- Depreciation -€25,449
down €25,449 (-53.8%), from €47,288 to €21,839
- Financial charges -€12,019
down €12,019 (-23.6%), from €50,856 to €38,837
- Other operating charges +€9,527
up €9,527 (+259%), from €3,672 to €13,200
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 | €577,561 | €315,171 | -€262,390 | -45.4% |
| Fixed assets | 21/28 | €160,684 | €28,475 | -€132,209 | -82.3% |
| Tangible fixed assets | 22/27 | €160,684 | €28,475 | -€132,209 | -82.3% |
| Plant, machinery and equipment | 23 | €70,062 | €8,461 | -€61,601 | -87.9% |
| Furniture and vehicles | 24 | €63,947 | €578 | -€63,369 | -99.1% |
| Other tangible fixed assets | 26 | €26,675 | €19,436 | -€7,238 | -27.1% |
| Current assets | 29/58 | €416,877 | €286,696 | -€130,181 | -31.2% |
| Stocks and contracts in progress | 3 | €232,115 | €172,709 | -€59,405 | -25.6% |
| Stocks | 30/36 | €232,115 | €172,709 | -€59,405 | -25.6% |
| Amounts receivable within one year | 40/41 | €155,212 | €109,733 | -€45,479 | -29.3% |
| Trade receivables | 40 | €2,898 | €65,087 | +€62,189 | +2,146% |
| Other amounts receivable | 41 | €152,314 | €44,646 | -€107,668 | -70.7% |
| Cash at bank and in hand | 54/58 | €24,194 | €4,253 | -€19,941 | -82.4% |
| Deferred charges and accrued income | 490/1 | €5,356 | €0 | -€5,356 | -100% |
| Total equity and liabilities | 10/49 | €577,561 | €315,171 | -€262,390 | -45.4% |
| Equity | 10/15 | €189,683 | -€73,006 | -€262,689 | |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€560,317 | -€823,006 | -€262,689 | -46.9% |
| Amounts payable | 17/49 | €387,878 | €388,177 | +€299 | +0.1% |
| Amounts payable within one year | 42/48 | €361,756 | €388,177 | +€26,420 | +7.3% |
| Trade debts | 44 | €257,352 | €23,623 | -€233,729 | -90.8% |
| Suppliers | 440/4 | €257,352 | €23,623 | -€233,729 | -90.8% |
| Taxes, remuneration and social security | 45 | €30,405 | €0 | -€30,405 | -100% |
| Taxes | 450/3 | €476 | €0 | -€476 | -100% |
| Remuneration and social security | 454/9 | €29,929 | €0 | -€29,929 | -100% |
| Other amounts payable | 47/48 | €74,000 | €364,554 | +€290,554 | +393% |
| Accrued charges and deferred income | 492/3 | €26,121 | €0 | -€26,121 | -100% |
| Remuneration, social security and pensions | 62 | €326,285 | €61,770 | -€264,515 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,288 | €21,839 | -€25,449 | -53.8% |
| Other operating charges | 640/8 | €3,672 | €13,200 | +€9,527 | +259% |
| Gross operating margin | 9900 | €93,211 | -€128,310 | -€221,521 | |
| Operating profit (loss) | 9901 | -€284,035 | -€225,120 | +€58,916 | +20.7% |
| Financial income | 75/76B | €168 | €1,268 | +€1,100 | +657% |
| Recurring financial income | 75 | €168 | €1,268 | +€1,100 | +657% |
| Financial charges | 65/66B | €50,856 | €38,837 | -€12,019 | -23.6% |
| Recurring financial charges | 65 | €50,856 | €38,837 | -€12,019 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€334,724 | -€262,689 | +€72,035 | +21.5% |
| Profit (loss) for the period | 9904 | -€334,724 | -€262,689 | +€72,035 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€334,724 | -€262,689 | +€72,035 | +21.5% |
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 24 October 2026 via checked.be.