GRANIBASTO: 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.
GRANIBASTO
Largest movements
- Receivables within one year -€95,463
down €95,463 (-65.5%), from €145,726 to €50,263
of which Trade receivables: -€92,371
- Cash -€24,951
down €24,951 (-80.5%), from €30,983 to €6,032
mainly Net result for the year (-€73,164) and Trade debts (-€53,128)
- Tangible fixed assets -€10,050
down €10,050 (-60.1%), from €16,727 to €6,677
of which Furniture and vehicles: -€6,690
- Profit (loss) carried forward -€73,164
down €73,164 (-77.6%), from €94,323 to €21,159
- Trade debts -€53,128
down €53,128 (-79.5%), from €66,811 to €13,683
- Debts after one year -€4,425
down €4,425 (-91.9%), from €4,813 to €388
- Gross operating margin -€65,707
down €65,707, from €7,462 to -€58,245
- Depreciation -€6,851
down €6,851 (-67.1%), from €10,211 to €3,360
- Other operating charges +€6,421
up €6,421 (+175%), from €3,662 to €10,083
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 | €194,928 | €63,717 | -€131,211 | -67.3% |
| Fixed assets | 21/28 | €16,727 | €6,677 | -€10,050 | -60.1% |
| Tangible fixed assets | 22/27 | €16,727 | €6,677 | -€10,050 | -60.1% |
| Plant, machinery and equipment | 23 | €349 | €107 | -€242 | -69.2% |
| Furniture and vehicles | 24 | €6,690 | - | -€6,690 | |
| Leasing and similar rights | 25 | €9,688 | €6,570 | -€3,118 | -32.2% |
| Current assets | 29/58 | €178,201 | €57,040 | -€121,161 | -68.0% |
| Amounts receivable within one year | 40/41 | €145,726 | €50,263 | -€95,463 | -65.5% |
| Trade receivables | 40 | €130,974 | €38,603 | -€92,371 | -70.5% |
| Other amounts receivable | 41 | €14,752 | €11,660 | -€3,092 | -21.0% |
| Cash at bank and in hand | 54/58 | €30,983 | €6,032 | -€24,951 | -80.5% |
| Deferred charges and accrued income | 490/1 | €1,491 | €745 | -€746 | -50.0% |
| Total equity and liabilities | 10/49 | €194,928 | €63,717 | -€131,211 | -67.3% |
| Equity | 10/15 | €102,383 | €29,219 | -€73,164 | -71.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,323 | €21,159 | -€73,164 | -77.6% |
| Amounts payable | 17/49 | €92,545 | €34,498 | -€58,047 | -62.7% |
| Amounts payable after more than one year | 17 | €4,813 | €388 | -€4,425 | -91.9% |
| Financial debts | 170/4 | €4,813 | €388 | -€4,425 | -91.9% |
| Amounts payable within one year | 42/48 | €87,732 | €34,110 | -€53,622 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €5,590 | €5,983 | +€393 | +7.0% |
| Trade debts | 44 | €66,811 | €13,683 | -€53,128 | -79.5% |
| Suppliers | 440/4 | €66,811 | €13,683 | -€53,128 | -79.5% |
| Taxes, remuneration and social security | 45 | €14,167 | €13,791 | -€376 | -2.7% |
| Taxes | 450/3 | €9,667 | €8,791 | -€876 | -9.1% |
| Remuneration and social security | 454/9 | €4,500 | €5,000 | +€500 | +11.1% |
| Other amounts payable | 47/48 | €1,164 | €653 | -€511 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,211 | €3,360 | -€6,851 | -67.1% |
| Other operating charges | 640/8 | €3,662 | €10,083 | +€6,421 | +175% |
| Gross operating margin | 9900 | €7,462 | -€58,245 | -€65,707 | |
| Operating profit (loss) | 9901 | -€6,411 | -€71,688 | -€65,277 | -1,018% |
| Financial income | 75/76B | €120 | - | -€120 | |
| Recurring financial income | 75 | €120 | - | -€120 | |
| Financial charges | 65/66B | €1,654 | €1,306 | -€348 | -21.0% |
| Recurring financial charges | 65 | €1,654 | €1,306 | -€348 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,945 | -€72,994 | -€65,048 | -819% |
| Income taxes | 67/77 | €170 | €170 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,116 | -€73,164 | -€65,048 | -802% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,116 | -€73,164 | -€65,048 | -802% |
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 31 October 2026 via checked.be.