GRANIPIERRE - FORAGE: what changed
What changed
GRANIPIERRE - FORAGE
NACE 43.130, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€9,136
2024 · -€9,183+€18,319
Equity
€853,571
2024 · €844,434+€9,136
Cash
€55,578
2024 · €44,382+€11,196
Balance sheet total
€1.2m
2024 · €1.3m-€112,792
Largest movements
Assets
- Tangible fixed assets -€108,370
down €108,370 (-29.4%), from €368,127 to €259,757
of which Plant, machinery and equipment: -€68,834
- Current investments -€19,725
down €19,725 (-27.4%), from €72,087 to €52,362
Equity and liabilities
- Debts after one year -€64,398
down €64,398 (-55.4%), from €116,317 to €51,919
- Other debts -€37,720
down €37,720 (-28.8%), from €131,089 to €93,369
- Trade debts -€29,805
down €29,805 (-27.9%), from €106,866 to €77,061
Income statement
- Gross operating margin +€94,698
up €94,698 (+15.0%), from €632,270 to €726,968
- Staff costs +€51,103
up €51,103 (+10.1%), from €504,661 to €555,764
- Other operating charges +€24,917
up €24,917 (+309%), from €8,071 to €32,988
- Write-downs -€18,238
new in 2025: -€18,238
- Depreciation +€12,681
up €12,681 (+10.6%), from €119,522 to €132,203
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€9,183
Gross operating margin
+€94,698
Staff costs
-€51,103
Depreciation
-€12,681
Write-downs
+€18,238
Other operating charges
-€24,917
Financial income
+€768
Financial charges
-€4,323
Taxes
-€2,360
Result 2025
€9,136
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€81,641
Investment
-€4,108
Financing
-€66,337
Cash 2024
€44,382
From operations (derived)
+€81,641
Net result for the year
+€9,136
Depreciation
+€132,203
Receivables within one year
-€4,778
Deferred charges and accrued income
+€670
Trade debts
-€29,805
Tax, wage and social debts
+€11,934
Other debts
-€37,720
Investment (derived)
-€4,108
Investment in fixed assets (net)
-€23,833
Current investments
+€19,725
Financing
-€66,337
Debts after one year
-€64,398
Current portion of long-term debt
-€1,939
Cash 2025
€55,578
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,288,301 | €1,175,509 | -€112,792 | -8.8% |
| Fixed assets | 21/28 | €370,358 | €261,988 | -€108,370 | -29.3% |
| Tangible fixed assets | 22/27 | €368,127 | €259,757 | -€108,370 | -29.4% |
| Plant, machinery and equipment | 23 | €246,846 | €178,012 | -€68,834 | -27.9% |
| Furniture and vehicles | 24 | €84,403 | €44,106 | -€40,297 | -47.7% |
| Other tangible fixed assets | 26 | €36,879 | €37,639 | +€760 | +2.1% |
| Financial fixed assets | 28 | €2,231 | €2,231 | = | 0.0% |
| Current assets | 29/58 | €917,943 | €913,521 | -€4,422 | -0.5% |
| Amounts receivable within one year | 40/41 | €786,153 | €790,931 | +€4,778 | +0.6% |
| Trade receivables | 40 | €354,928 | €392,579 | +€37,651 | +10.6% |
| Other amounts receivable | 41 | €431,225 | €398,352 | -€32,873 | -7.6% |
| Current investments | 50/53 | €72,087 | €52,362 | -€19,725 | -27.4% |
| Cash at bank and in hand | 54/58 | €44,382 | €55,578 | +€11,196 | +25.2% |
| Deferred charges and accrued income | 490/1 | €15,321 | €14,650 | -€670 | -4.4% |
| Total equity and liabilities | 10/49 | €1,288,301 | €1,175,509 | -€112,792 | -8.8% |
| Equity | 10/15 | €844,434 | €853,571 | +€9,136 | +1.1% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Capital | 10 | €132,000 | €132,000 | = | 0.0% |
| Issued capital | 100 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €319,875 | €329,011 | +€9,136 | +2.9% |
| Non-distributable reserves | 130/1 | €13,200 | €13,200 | = | 0.0% |
| Legal reserve | 130 | €13,200 | €13,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,278 | €3,278 | = | 0.0% |
| Distributable reserves | 133 | €303,397 | €312,533 | +€9,136 | +3.0% |
| Profit (loss) carried forward | 14 | €392,560 | €392,560 | = | 0.0% |
| Amounts payable | 17/49 | €443,867 | €321,938 | -€121,928 | -27.5% |
| Amounts payable after more than one year | 17 | €116,317 | €51,919 | -€64,398 | -55.4% |
| Financial debts | 170/4 | €116,317 | €51,919 | -€64,398 | -55.4% |
| Amounts payable within one year | 42/48 | €327,549 | €270,019 | -€57,530 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €71,337 | €69,398 | -€1,939 | -2.7% |
| Trade debts | 44 | €106,866 | €77,061 | -€29,805 | -27.9% |
| Suppliers | 440/4 | €106,866 | €77,061 | -€29,805 | -27.9% |
| Taxes, remuneration and social security | 45 | €18,257 | €30,191 | +€11,934 | +65.4% |
| Taxes | 450/3 | €18,257 | €5,416 | -€12,841 | -70.3% |
| Remuneration and social security | 454/9 | - | €24,775 | +€24,775 | |
| Other amounts payable | 47/48 | €131,089 | €93,369 | -€37,720 | -28.8% |
| Remuneration, social security and pensions | 62 | €504,661 | €555,764 | +€51,103 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,522 | €132,203 | +€12,681 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€18,238 | -€18,238 | |
| Other operating charges | 640/8 | €8,071 | €32,988 | +€24,917 | +309% |
| Gross operating margin | 9900 | €632,270 | €726,968 | +€94,698 | +15.0% |
| Operating profit (loss) | 9901 | €16 | €24,250 | +€24,235 | +152,132% |
| Financial income | 75/76B | €176 | €944 | +€768 | +435% |
| Recurring financial income | 75 | €176 | €944 | +€768 | +435% |
| Financial charges | 65/66B | €8,871 | €13,194 | +€4,323 | +48.7% |
| Recurring financial charges | 65 | €8,871 | €13,194 | +€4,323 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,678 | €12,001 | +€20,679 | |
| Income taxes | 67/77 | €505 | €2,864 | +€2,360 | +467% |
| Profit (loss) for the period | 9904 | -€9,183 | €9,136 | +€18,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,183 | €9,136 | +€18,319 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.