Grangettes: 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.
Grangettes
Largest movements
- Tangible fixed assets +€872,290
up €872,290 (+18.1%), from €4.8m to €5.7m
of which Assets under construction and advance payments: +€925,828
- Debts after one year +€893,485
up €893,485 (+20.6%), from €4.3m to €5.2m
- Accrued charges and deferred income +€81,433
up €81,433 (+66.7%), from €122,173 to €203,606
- Profit (loss) carried forward -€67,843
down €67,843 (-19.5%), from -€347,678 to -€415,521
- Gross operating margin -€32,914
down €32,914 (-42.5%), from €77,375 to €44,461
- Financial charges +€4,320
up €4,320 (+10.1%), from €42,712 to €47,032
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 | €4,928,448 | €5,835,570 | +€907,123 | +18.4% |
| Fixed assets | 21/28 | €4,828,161 | €5,700,451 | +€872,290 | +18.1% |
| Tangible fixed assets | 22/27 | €4,828,161 | €5,700,451 | +€872,290 | +18.1% |
| Land and buildings | 22 | €4,506,322 | €4,473,646 | -€32,676 | -0.7% |
| Plant, machinery and equipment | 23 | €9,675 | €8,234 | -€1,441 | -14.9% |
| Furniture and vehicles | 24 | €121,545 | €102,124 | -€19,421 | -16.0% |
| Assets under construction and advance payments | 27 | €190,620 | €1,116,448 | +€925,828 | +486% |
| Current assets | 29/58 | €100,287 | €135,119 | +€34,832 | +34.7% |
| Amounts receivable after more than one year | 29 | - | €15,607 | +€15,607 | |
| Trade receivables | 290 | - | €15,607 | +€15,607 | |
| Amounts receivable within one year | 40/41 | €20,426 | €66,622 | +€46,197 | +226% |
| Trade receivables | 40 | €2,159 | €21,770 | +€19,611 | +908% |
| Other amounts receivable | 41 | €18,266 | €44,852 | +€26,586 | +146% |
| Cash at bank and in hand | 54/58 | €77,703 | €41,840 | -€35,862 | -46.2% |
| Deferred charges and accrued income | 490/1 | €2,158 | €11,049 | +€8,891 | +412% |
| Total equity and liabilities | 10/49 | €4,928,448 | €5,835,570 | +€907,123 | +18.4% |
| Equity | 10/15 | €458,322 | €390,479 | -€67,843 | -14.8% |
| Contributions | 10/11 | €806,000 | €806,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€347,678 | -€415,521 | -€67,843 | -19.5% |
| Amounts payable | 17/49 | €4,470,126 | €5,445,091 | +€974,966 | +21.8% |
| Amounts payable after more than one year | 17 | €4,344,773 | €5,238,258 | +€893,485 | +20.6% |
| Financial debts | 170/4 | €4,344,773 | €5,238,258 | +€893,485 | +20.6% |
| Amounts payable within one year | 42/48 | €3,180 | €3,228 | +€48 | +1.5% |
| Trade debts | 44 | €3,180 | €3,228 | +€48 | +1.5% |
| Suppliers | 440/4 | €3,180 | €3,228 | +€48 | +1.5% |
| Accrued charges and deferred income | 492/3 | €122,173 | €203,606 | +€81,433 | +66.7% |
| Non-recurring operating income | 76A | €3,357 | €0 | -€3,357 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,560 | €53,538 | -€22 | 0.0% |
| Other operating charges | 640/8 | €12,449 | €11,734 | -€714 | -5.7% |
| Gross operating margin | 9900 | €77,375 | €44,461 | -€32,914 | -42.5% |
| Operating profit (loss) | 9901 | €11,366 | -€20,811 | -€32,177 | |
| Financial charges | 65/66B | €42,712 | €47,032 | +€4,320 | +10.1% |
| Recurring financial charges | 65 | €42,712 | €47,032 | +€4,320 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,346 | -€67,843 | -€36,497 | -116% |
| Profit (loss) for the period | 9904 | -€31,346 | -€67,843 | -€36,497 | -116% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,346 | -€67,843 | -€36,497 | -116% |
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 20 October 2026 via checked.be.