GRANIMMO: 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.
GRANIMMO
Largest movements
- Tangible fixed assets -€30,516
down €30,516 (-2.8%), from €1.1m to €1.1m
- Debts after one year -€50,000
down €50,000 (-12.5%), from €400,000 to €350,000
- Reserves +€19,935
up €19,935 (+3.7%), from €539,442 to €559,377
of which Distributable reserves: +€26,680
- Gross operating margin +€2,975
up €2,975 (+5.4%), from €55,107 to €58,082
- Financial charges -€750
down €750 (-11.5%), from €6,504 to €5,754
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 | €1,184,017 | €1,151,124 | -€32,893 | -2.8% |
| Fixed assets | 21/28 | €1,094,566 | €1,064,049 | -€30,516 | -2.8% |
| Tangible fixed assets | 22/27 | €1,094,392 | €1,063,876 | -€30,516 | -2.8% |
| Land and buildings | 22 | €1,094,392 | €1,063,876 | -€30,516 | -2.8% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €89,451 | €87,075 | -€2,377 | -2.7% |
| Amounts receivable within one year | 40/41 | €8 | €2,516 | +€2,508 | +29710.7% |
| Other amounts receivable | 41 | €8 | €2,516 | +€2,508 | +29710.7% |
| Cash at bank and in hand | 54/58 | €89,428 | €84,559 | -€4,870 | -5.4% |
| Deferred charges and accrued income | 490/1 | €15 | - | -€15 | |
| Total equity and liabilities | 10/49 | €1,184,017 | €1,151,124 | -€32,893 | -2.8% |
| Equity | 10/15 | €682,602 | €702,537 | +€19,935 | +2.9% |
| Contributions | 10/11 | €143,161 | €143,161 | = | 0.0% |
| Capital | 10 | €143,161 | €143,161 | = | 0.0% |
| Issued capital | 100 | €143,161 | €143,161 | = | 0.0% |
| Reserves | 13 | €539,442 | €559,377 | +€19,935 | +3.7% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,127 | €157,382 | -€6,745 | -4.1% |
| Distributable reserves | 133 | €362,920 | €389,600 | +€26,680 | +7.4% |
| Provisions and deferred taxes | 16 | €84,512 | €81,039 | -€3,473 | -4.1% |
| Deferred taxes | 168 | €84,512 | €81,039 | -€3,473 | -4.1% |
| Amounts payable | 17/49 | €416,902 | €367,548 | -€49,355 | -11.8% |
| Amounts payable after more than one year | 17 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Financial debts | 170/4 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Amounts payable within one year | 42/48 | €4,060 | €6,561 | +€2,501 | +61.6% |
| Other amounts payable | 47/48 | €4,060 | €6,561 | +€2,501 | +61.6% |
| Accrued charges and deferred income | 492/3 | €12,842 | €10,986 | -€1,856 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,516 | €30,516 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,627 | €5,375 | -€252 | -4.5% |
| Gross operating margin | 9900 | €55,107 | €58,082 | +€2,975 | +5.4% |
| Operating profit (loss) | 9901 | €18,964 | €22,190 | +€3,227 | +17.0% |
| Financial income | 75/76B | €28 | €25 | -€3 | -10.1% |
| Recurring financial income | 75 | €28 | €25 | -€3 | -10.1% |
| Financial charges | 65/66B | €6,504 | €5,754 | -€750 | -11.5% |
| Recurring financial charges | 65 | €6,504 | €5,754 | -€750 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €12,488 | €16,462 | +€3,974 | +31.8% |
| Transfer from deferred taxes | 780 | €3,473 | €3,473 | = | 0.0% |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | €15,959 | €19,935 | +€3,976 | +24.9% |
| Transfer from tax-exempt reserves | 789 | €6,745 | €6,745 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,704 | €26,680 | +€3,976 | +17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.