GRANEXITO: 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.
GRANEXITO
Largest movements
- Cash +€135,966
up €135,966 (+3,175%), from €4,283 to €140,249
mainly Net result for the year (+€111,117) and Receivables within one year (+€82,618)
- Receivables within one year -€82,618
down €82,618 (-76.6%), from €107,902 to €25,284
of which Other amounts receivable: -€67,843
- Tangible fixed assets -€26,410
down €26,410 (-29.7%), from €88,785 to €62,375
of which Furniture and vehicles: -€26,333
- Reserves -€83,883
down €83,883 (-4.4%), from €1.9m to €1.8m
- Debts after one year +€68,880
up €68,880 (+170%), from €40,605 to €109,485
- Short-term financial debts +€27,560
new in 2025: €27,560
- Financial income +€129,597
up €129,597 (+15,513%), from €835 to €130,433
- Taxes +€41,188
up €41,188 (+522%), from €7,898 to €49,086
- Financial charges -€4,451
down €4,451 (-41.6%), from €10,707 to €6,256
- Gross operating margin +€2,903
up €2,903 (+4.6%), from €62,907 to €65,810
- Other operating charges +€876
up €876 (+35.1%), from €2,497 to €3,374
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 | €1,956,885 | €1,980,187 | +€23,302 | +1.2% |
| Fixed assets | 21/28 | €88,785 | €62,375 | -€26,410 | -29.7% |
| Tangible fixed assets | 22/27 | €88,785 | €62,375 | -€26,410 | -29.7% |
| Plant, machinery and equipment | 23 | €116 | €39 | -€77 | -66.5% |
| Furniture and vehicles | 24 | €88,670 | €62,337 | -€26,333 | -29.7% |
| Current assets | 29/58 | €1,868,100 | €1,917,812 | +€49,712 | +2.7% |
| Amounts receivable after more than one year | 29 | €1,750,126 | €1,750,000 | -€126 | 0.0% |
| Other amounts receivable | 291 | €1,750,126 | €1,750,000 | -€126 | 0.0% |
| Amounts receivable within one year | 40/41 | €107,902 | €25,284 | -€82,618 | -76.6% |
| Trade receivables | 40 | €40,058 | €25,284 | -€14,774 | -36.9% |
| Other amounts receivable | 41 | €67,843 | - | -€67,843 | |
| Cash at bank and in hand | 54/58 | €4,283 | €140,249 | +€135,966 | +3,175% |
| Deferred charges and accrued income | 490/1 | €5,789 | €2,278 | -€3,511 | -60.6% |
| Total equity and liabilities | 10/49 | €1,956,885 | €1,980,187 | +€23,302 | +1.2% |
| Equity | 10/15 | €1,900,216 | €1,816,333 | -€83,883 | -4.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €1,898,716 | €1,814,833 | -€83,883 | -4.4% |
| Distributable reserves | 133 | €1,898,716 | €1,814,833 | -€83,883 | -4.4% |
| Amounts payable | 17/49 | €56,670 | €163,855 | +€107,185 | +189% |
| Amounts payable after more than one year | 17 | €40,605 | €109,485 | +€68,880 | +170% |
| Financial debts | 170/4 | €40,605 | €109,485 | +€68,880 | +170% |
| Amounts payable within one year | 42/48 | €11,865 | €50,170 | +€38,305 | +323% |
| Financial debts | 43 | - | €27,560 | +€27,560 | |
| Other loans | 439 | - | €27,560 | +€27,560 | |
| Trade debts | 44 | €337 | €414 | +€76 | +22.6% |
| Suppliers | 440/4 | €337 | €414 | +€76 | +22.6% |
| Taxes, remuneration and social security | 45 | €10,668 | €22,197 | +€11,528 | +108% |
| Taxes | 450/3 | €10,668 | €22,197 | +€11,528 | +108% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €4,200 | €4,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,877 | €26,410 | -€467 | -1.7% |
| Other operating charges | 640/8 | €2,497 | €3,374 | +€876 | +35.1% |
| Gross operating margin | 9900 | €62,907 | €65,810 | +€2,903 | +4.6% |
| Operating profit (loss) | 9901 | €33,533 | €36,026 | +€2,493 | +7.4% |
| Financial income | 75/76B | €835 | €130,433 | +€129,597 | +15,513% |
| Recurring financial income | 75 | €835 | €130,433 | +€129,597 | +15,513% |
| Financial charges | 65/66B | €10,707 | €6,256 | -€4,451 | -41.6% |
| Recurring financial charges | 65 | €10,707 | €6,256 | -€4,451 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €23,661 | €160,203 | +€136,542 | +577% |
| Income taxes | 67/77 | €7,898 | €49,086 | +€41,188 | +522% |
| Profit (loss) for the period | 9904 | €15,763 | €111,117 | +€95,354 | +605% |
| Profit (loss) for the period to be appropriated | 9905 | €15,763 | €111,117 | +€95,354 | +605% |
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.