GRANIGO: 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.
What changed
GRANIGO
NACE 23.700, Cutting, shaping and finishing of stone
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,203
2024 · -€44,994+€56,197
Equity
€194,341
2024 · €183,138+€11,203
Cash
€69,392
2024 · €43,758+€25,634
Balance sheet total
€3.0m
2024 · €3.2m-€235,486
Largest movements
Assets
- Receivables within one year -€186,388
down €186,388 (-32.7%), from €569,410 to €383,021
of which Trade receivables: -€164,671
- Tangible fixed assets -€89,729
down €89,729 (-4.8%), from €1.9m to €1.8m
of which Plant, machinery and equipment: -€89,205
Equity and liabilities
- Other debts -€148,209
down €148,209 (-48.5%), from €305,520 to €157,311
- Trade debts -€75,575
down €75,575 (-19.6%), from €384,653 to €309,078
- Debts after one year -€69,832
down €69,832 (-4.4%), from €1.6m to €1.5m
Income statement
- Gross operating margin +€77,036
up €77,036 (+6.4%), from €1.2m to €1.3m
- Other operating charges +€22,223
up €22,223 (+216.2%), from €10,281 to €32,504
- Staff costs +€13,250
up €13,250 (+1.5%), from €896,745 to €909,995
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.
Result 2024
-€44,994
Gross operating margin
+€77,036
Staff costs
-€13,250
Depreciation
-€5,715
Write-downs
+€11,400
Other operating charges
-€22,223
Financial income
+€2,555
Financial charges
+€6,369
Taxes
+€24
Result 2025
€11,203
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.
From operations
+€263,199
Investment
-€188,400
Financing
-€49,165
Cash 2024
€43,758
From operations (derived)
+€263,199
Net result for the year
+€11,203
Depreciation
+€260,780
Stocks and contracts
-€2,505
Receivables within one year
+€186,388
Deferred charges and accrued income
+€4,857
Trade debts
-€75,575
Tax, wage and social debts
+€26,072
Other debts
-€148,209
Accrued charges and deferred income
+€188
Investment (derived)
-€188,400
Investment in fixed assets (net)
-€188,400
Financing
-€49,165
Debts after one year
-€69,832
Current portion of long-term debt
+€21,946
Short-term financial debts
-€1,279
Cash 2025
€69,392
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,219,027 | €2,983,541 | -€235,486 | -7.3% |
| Fixed assets | 21/28 | €1,879,619 | €1,807,239 | -€72,380 | -3.9% |
| Intangible fixed assets | 21 | €6,302 | €23,652 | +€17,349 | +275.3% |
| Tangible fixed assets | 22/27 | €1,873,317 | €1,783,588 | -€89,729 | -4.8% |
| Land and buildings | 22 | €1,217,636 | €1,150,063 | -€67,572 | -5.5% |
| Plant, machinery and equipment | 23 | €484,079 | €394,874 | -€89,205 | -18.4% |
| Furniture and vehicles | 24 | €48,742 | €124,410 | +€75,668 | +155.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €122,860 | €114,241 | -€8,620 | -7.0% |
| Current assets | 29/58 | €1,339,408 | €1,176,302 | -€163,106 | -12.2% |
| Stocks and contracts in progress | 3 | €707,749 | €710,254 | +€2,505 | +0.4% |
| Stocks | 30/36 | €707,749 | €702,646 | -€5,103 | -0.7% |
| Contracts in progress | 37 | - | €7,609 | +€7,609 | |
| Amounts receivable within one year | 40/41 | €569,410 | €383,021 | -€186,388 | -32.7% |
| Trade receivables | 40 | €521,661 | €356,990 | -€164,671 | -31.6% |
| Other amounts receivable | 41 | €47,749 | €26,032 | -€21,717 | -45.5% |
| Cash at bank and in hand | 54/58 | €43,758 | €69,392 | +€25,634 | +58.6% |
| Deferred charges and accrued income | 490/1 | €18,491 | €13,634 | -€4,857 | -26.3% |
| Total equity and liabilities | 10/49 | €3,219,027 | €2,983,541 | -€235,486 | -7.3% |
| Equity | 10/15 | €183,138 | €194,341 | +€11,203 | +6.1% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €28,046 | €28,046 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,132 | €73,335 | +€11,203 | +18.0% |
| Amounts payable | 17/49 | €3,035,889 | €2,789,200 | -€246,689 | -8.1% |
| Amounts payable after more than one year | 17 | €1,596,428 | €1,526,596 | -€69,832 | -4.4% |
| Financial debts | 170/4 | €1,596,428 | €1,526,596 | -€69,832 | -4.4% |
| Amounts payable within one year | 42/48 | €1,439,461 | €1,262,415 | -€177,046 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €162,722 | €184,668 | +€21,946 | +13.5% |
| Financial debts | 43 | €484,945 | €483,666 | -€1,279 | -0.3% |
| Credit institutions | 430/8 | €484,945 | €483,666 | -€1,279 | -0.3% |
| Trade debts | 44 | €384,653 | €309,078 | -€75,575 | -19.6% |
| Suppliers | 440/4 | €384,653 | €309,078 | -€75,575 | -19.6% |
| Taxes, remuneration and social security | 45 | €101,621 | €127,693 | +€26,072 | +25.7% |
| Taxes | 450/3 | €16,667 | €16,105 | -€562 | -3.4% |
| Remuneration and social security | 454/9 | €84,954 | €111,588 | +€26,633 | +31.4% |
| Other amounts payable | 47/48 | €305,520 | €157,311 | -€148,209 | -48.5% |
| Accrued charges and deferred income | 492/3 | - | €188 | +€188 | |
| Non-recurring operating income | 76A | €77,223 | €0 | -€77,223 | -100.0% |
| Remuneration, social security and pensions | 62 | €896,745 | €909,995 | +€13,250 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,065 | €260,780 | +€5,715 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,700 | -€5,700 | -€11,400 | |
| Other operating charges | 640/8 | €10,281 | €32,504 | +€22,223 | +216.2% |
| Gross operating margin | 9900 | €1,210,566 | €1,287,602 | +€77,036 | +6.4% |
| Operating profit (loss) | 9901 | €42,775 | €90,023 | +€47,248 | +110.5% |
| Financial income | 75/76B | €1,063 | €3,619 | +€2,555 | +240.3% |
| Recurring financial income | 75 | €1,063 | €3,619 | +€2,555 | +240.3% |
| Financial charges | 65/66B | €87,541 | €81,172 | -€6,369 | -7.3% |
| Recurring financial charges | 65 | €87,541 | €81,172 | -€6,369 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,703 | €12,470 | +€56,173 | |
| Income taxes | 67/77 | €1,291 | €1,267 | -€24 | -1.9% |
| Profit (loss) for the period | 9904 | -€44,994 | €11,203 | +€56,197 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,994 | €11,203 | +€56,197 |
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 3 October 2026 via checked.be.