GRANFONDO TECH: what changed
Two fiscal 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.
GRANFONDO TECH
Largest movements
- Cash +€25,836
up €25,836 (+117.8%), from €21,930 to €47,765
mainly Net result for the year (+€20,602) and Deferred charges and accrued income (+€11,895)
- Receivables within one year +€12,596
up €12,596 (+41.2%), from €30,573 to €43,170
of which Trade receivables: +€9,731
- Deferred charges and accrued income -€11,895
down €11,895 (-100.0%), from €11,895 to €0
- Profit (loss) carried forward +€20,602
up €20,602 (+33.3%), from €61,850 to €82,452
- Tax, wage and social debts +€5,515
new in 2025: €5,515
- Financial charges +€5,773
up €5,773 (+7400.6%), from €78 to €5,851
- Gross operating margin -€3,817
down €3,817 (-11.3%), from €33,679 to €29,862
- Other operating charges +€412
up €412 (+280.0%), from €147 to €559
- Depreciation +€411
up €411 (+16.9%), from €2,438 to €2,850
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 | €69,979 | €96,139 | +€26,160 | +37.4% |
| Fixed assets | 21/28 | €5,580 | €5,204 | -€376 | -6.7% |
| Tangible fixed assets | 22/27 | €5,580 | €5,204 | -€376 | -6.7% |
| Plant, machinery and equipment | 23 | €214 | €214 | = | 0.0% |
| Furniture and vehicles | 24 | €5,366 | €4,990 | -€376 | -7.0% |
| Current assets | 29/58 | €64,398 | €90,935 | +€26,536 | +41.2% |
| Amounts receivable within one year | 40/41 | €30,573 | €43,170 | +€12,596 | +41.2% |
| Trade receivables | 40 | - | €9,731 | +€9,731 | |
| Other amounts receivable | 41 | €30,573 | €33,438 | +€2,865 | +9.4% |
| Cash at bank and in hand | 54/58 | €21,930 | €47,765 | +€25,836 | +117.8% |
| Deferred charges and accrued income | 490/1 | €11,895 | €0 | -€11,895 | -100.0% |
| Total equity and liabilities | 10/49 | €69,979 | €96,139 | +€26,160 | +37.4% |
| Equity | 10/15 | €62,950 | €83,552 | +€20,602 | +32.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,850 | €82,452 | +€20,602 | +33.3% |
| Amounts payable | 17/49 | €7,029 | €12,587 | +€5,558 | +79.1% |
| Amounts payable within one year | 42/48 | €7,029 | €12,587 | +€5,558 | +79.1% |
| Trade debts | 44 | €1,101 | €986 | -€115 | -10.4% |
| Suppliers | 440/4 | €1,101 | €986 | -€115 | -10.4% |
| Taxes, remuneration and social security | 45 | - | €5,515 | +€5,515 | |
| Taxes | 450/3 | - | €5,515 | +€5,515 | |
| Other amounts payable | 47/48 | €5,928 | €6,086 | +€158 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,438 | €2,850 | +€411 | +16.9% |
| Other operating charges | 640/8 | €147 | €559 | +€412 | +280.0% |
| Gross operating margin | 9900 | €33,679 | €29,862 | -€3,817 | -11.3% |
| Operating profit (loss) | 9901 | €31,094 | €26,453 | -€4,641 | -14.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €78 | €5,851 | +€5,773 | +7400.6% |
| Recurring financial charges | 65 | €78 | €5,851 | +€5,773 | +7400.6% |
| Profit (loss) for the period before taxes | 9903 | €31,016 | €20,602 | -€10,414 | -33.6% |
| Profit (loss) for the period | 9904 | €31,016 | €20,602 | -€10,414 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,016 | €20,602 | -€10,414 | -33.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.