GRANEN CLAESEN: 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.
GRANEN CLAESEN
Largest movements
- Current investments -€175,000
down €175,000 (-100%), from €175,000 to €0
- Receivables after one year +€150,000
new in 2025: €150,000
- Cash +€93,934
up €93,934 (+30.4%), from €309,498 to €403,432
mainly Current investments (+€175,000) and Net result for the year (+€72,109)
- Stocks and contracts -€65,821
down €65,821 (-19.3%), from €341,425 to €275,604
- Tangible fixed assets -€51,003
down €51,003 (-15.8%), from €323,158 to €272,155
- Reserves +€70,388
up €70,388 (+12.7%), from €553,930 to €624,319
of which Distributable reserves: +€66,442
- Debts after one year -€31,234
down €31,234 (-59.8%), from €52,217 to €20,984
- Tax, wage and social debts -€26,831
down €26,831 (-82.1%), from €32,668 to €5,837
of which Taxes: -€26,417
- Trade debts -€14,799
down €14,799 (-9.7%), from €152,837 to €138,038
- Gross operating margin -€110,427
down €110,427 (-39.1%), from €282,256 to €171,829
- Taxes -€24,886
down €24,886 (-42.2%), from €58,995 to €34,109
- Depreciation -€9,136
down €9,136 (-13.6%), from €67,021 to €57,885
- Staff costs -€5,938
down €5,938 (-47.3%), from €12,553 to €6,615
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 | €1,197,747 | €1,195,300 | -€2,447 | -0.2% |
| Fixed assets | 21/28 | €323,158 | €272,155 | -€51,003 | -15.8% |
| Tangible fixed assets | 22/27 | €323,158 | €272,155 | -€51,003 | -15.8% |
| Land and buildings | 22 | €212,608 | €201,044 | -€11,564 | -5.4% |
| Plant, machinery and equipment | 23 | €67,209 | €47,786 | -€19,423 | -28.9% |
| Furniture and vehicles | 24 | €43,342 | €23,326 | -€20,016 | -46.2% |
| Current assets | 29/58 | €874,589 | €923,145 | +€48,556 | +5.6% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Trade receivables | 290 | - | €150,000 | +€150,000 | |
| Stocks and contracts in progress | 3 | €341,425 | €275,604 | -€65,821 | -19.3% |
| Stocks | 30/36 | €341,425 | €275,604 | -€65,821 | -19.3% |
| Amounts receivable within one year | 40/41 | €45,682 | €89,818 | +€44,136 | +96.6% |
| Trade receivables | 40 | €44,487 | €70,478 | +€25,991 | +58.4% |
| Other amounts receivable | 41 | €1,195 | €19,340 | +€18,145 | +1,518% |
| Current investments | 50/53 | €175,000 | €0 | -€175,000 | -100% |
| Cash at bank and in hand | 54/58 | €309,498 | €403,432 | +€93,934 | +30.4% |
| Deferred charges and accrued income | 490/1 | €2,983 | €4,290 | +€1,307 | +43.8% |
| Total equity and liabilities | 10/49 | €1,197,747 | €1,195,300 | -€2,447 | -0.2% |
| Equity | 10/15 | €926,711 | €997,103 | +€70,391 | +7.6% |
| Contributions | 10/11 | €372,500 | €372,500 | = | 0.0% |
| Capital | 10 | €372,500 | €372,500 | = | 0.0% |
| Issued capital | 100 | €372,500 | €372,500 | = | 0.0% |
| Reserves | 13 | €553,930 | €624,319 | +€70,388 | +12.7% |
| Non-distributable reserves | 130/1 | €29,614 | €33,560 | +€3,946 | +13.3% |
| Legal reserve | 130 | €29,614 | €33,560 | +€3,946 | +13.3% |
| Distributable reserves | 133 | €524,316 | €590,758 | +€66,442 | +12.7% |
| Profit (loss) carried forward | 14 | €281 | €284 | +€3 | +1.1% |
| Amounts payable | 17/49 | €271,036 | €198,197 | -€72,838 | -26.9% |
| Amounts payable after more than one year | 17 | €52,217 | €20,984 | -€31,234 | -59.8% |
| Financial debts | 170/4 | €52,217 | €20,984 | -€31,234 | -59.8% |
| Amounts payable within one year | 42/48 | €217,979 | €176,826 | -€41,152 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €30,874 | €31,234 | +€360 | +1.2% |
| Trade debts | 44 | €152,837 | €138,038 | -€14,799 | -9.7% |
| Suppliers | 440/4 | €152,837 | €138,038 | -€14,799 | -9.7% |
| Taxes, remuneration and social security | 45 | €32,668 | €5,837 | -€26,831 | -82.1% |
| Taxes | 450/3 | €28,430 | €2,013 | -€26,417 | -92.9% |
| Remuneration and social security | 454/9 | €4,238 | €3,824 | -€414 | -9.8% |
| Other amounts payable | 47/48 | €1,600 | €1,718 | +€118 | +7.4% |
| Accrued charges and deferred income | 492/3 | €839 | €387 | -€452 | -53.9% |
| Non-recurring operating income | 76A | €1,012 | €0 | -€1,012 | -100% |
| Remuneration, social security and pensions | 62 | €12,553 | €6,615 | -€5,938 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,021 | €57,885 | -€9,136 | -13.6% |
| Other operating charges | 640/8 | €12,088 | €9,665 | -€2,423 | -20.0% |
| Gross operating margin | 9900 | €282,256 | €171,829 | -€110,427 | -39.1% |
| Operating profit (loss) | 9901 | €190,594 | €97,663 | -€92,930 | -48.8% |
| Financial income | 75/76B | €6,830 | €9,649 | +€2,819 | +41.3% |
| Recurring financial income | 75 | €6,830 | €9,649 | +€2,819 | +41.3% |
| Financial charges | 65/66B | €1,410 | €1,094 | -€316 | -22.4% |
| Recurring financial charges | 65 | €1,410 | €1,094 | -€316 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €196,014 | €106,218 | -€89,795 | -45.8% |
| Income taxes | 67/77 | €58,995 | €34,109 | -€24,886 | -42.2% |
| Profit (loss) for the period | 9904 | €137,018 | €72,109 | -€64,909 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,018 | €72,109 | -€64,909 | -47.4% |
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 1 November 2026 via checked.be.