GRANDRU: 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.
GRANDRU
Largest movements
- Tangible fixed assets +€24,093
up €24,093 (+47.0%), from €51,210 to €75,303
of which Land and buildings: +€28,648
- Cash +€4,167
up €4,167 (+59.1%), from €7,048 to €11,215
mainly Net result for the year (+€19,058) and Debts after one year (+€14,576)
- Receivables within one year +€1,181
up €1,181 (+81.5%), from €1,449 to €2,630
of which Trade receivables: +€2,630
- Profit (loss) carried forward +€19,058
up €19,058 (+32.1%), from -€59,404 to -€40,346
- Debts after one year +€14,576
up €14,576 (+315.0%), from €4,627 to €19,204
- Current portion of long-term debt -€7,941
down €7,941 (-43.4%), from €18,305 to €10,364
- Other debts +€5,645
up €5,645 (+11.0%), from €51,103 to €56,748
- Trade debts -€3,219
down €3,219 (-100.0%), from €3,219 to €0
- Gross operating margin -€2,618
down €2,618 (-6.4%), from €40,859 to €38,241
- Financial charges +€901
up €901 (+79.4%), from €1,136 to €2,037
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 | €59,950 | €89,382 | +€29,433 | +49.1% |
| Fixed assets | 21/28 | €51,210 | €75,303 | +€24,093 | +47.0% |
| Tangible fixed assets | 22/27 | €51,210 | €75,303 | +€24,093 | +47.0% |
| Land and buildings | 22 | €38,344 | €66,992 | +€28,648 | +74.7% |
| Plant, machinery and equipment | 23 | €7,560 | €4,335 | -€3,225 | -42.7% |
| Furniture and vehicles | 24 | €5,306 | €3,976 | -€1,330 | -25.1% |
| Current assets | 29/58 | €8,740 | €14,080 | +€5,340 | +61.1% |
| Amounts receivable within one year | 40/41 | €1,449 | €2,630 | +€1,181 | +81.5% |
| Trade receivables | 40 | - | €2,630 | +€2,630 | |
| Other amounts receivable | 41 | €1,449 | - | -€1,449 | |
| Cash at bank and in hand | 54/58 | €7,048 | €11,215 | +€4,167 | +59.1% |
| Deferred charges and accrued income | 490/1 | €243 | €234 | -€9 | -3.8% |
| Total equity and liabilities | 10/49 | €59,950 | €89,382 | +€29,433 | +49.1% |
| Equity | 10/15 | -€25,404 | -€6,346 | +€19,058 | +75.0% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,404 | -€40,346 | +€19,058 | +32.1% |
| Amounts payable | 17/49 | €85,354 | €95,728 | +€10,374 | +12.2% |
| Amounts payable after more than one year | 17 | €4,627 | €19,204 | +€14,576 | +315.0% |
| Financial debts | 170/4 | €4,627 | €19,204 | +€14,576 | +315.0% |
| Amounts payable within one year | 42/48 | €80,726 | €76,524 | -€4,202 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €18,305 | €10,364 | -€7,941 | -43.4% |
| Trade debts | 44 | €3,219 | €0 | -€3,219 | -100.0% |
| Suppliers | 440/4 | €3,219 | €0 | -€3,219 | -100.0% |
| Advances received on contracts in progress | 46 | €8,100 | €9,050 | +€950 | +11.7% |
| Taxes, remuneration and social security | 45 | - | €362 | +€362 | |
| Taxes | 450/3 | - | €362 | +€362 | |
| Other amounts payable | 47/48 | €51,103 | €56,748 | +€5,645 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,709 | €12,858 | +€149 | +1.2% |
| Other operating charges | 640/8 | €4,481 | €4,344 | -€137 | -3.0% |
| Gross operating margin | 9900 | €40,859 | €38,241 | -€2,618 | -6.4% |
| Operating profit (loss) | 9901 | €23,669 | €21,039 | -€2,630 | -11.1% |
| Financial income | 75/76B | €0 | €56 | +€56 | +12953.5% |
| Recurring financial income | 75 | €0 | €56 | +€56 | +12953.5% |
| Financial charges | 65/66B | €1,136 | €2,037 | +€901 | +79.4% |
| Recurring financial charges | 65 | €1,136 | €2,037 | +€901 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €22,534 | €19,058 | -€3,475 | -15.4% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -53.8% |
| Profit (loss) for the period | 9904 | €22,534 | €19,058 | -€3,475 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,534 | €19,058 | -€3,475 | -15.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.