GRANISOL: 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.
GRANISOL
Largest movements
- Tangible fixed assets -€26,404
down €26,404 (-23.4%), from €112,997 to €86,594
- Receivables within one year -€19,172
down €19,172 (-42.0%), from €45,643 to €26,471
of which Other amounts receivable: -€29,638
- Cash +€14,603
up €14,603 (+127.1%), from €11,486 to €26,089
mainly Depreciation (+€26,404) and Receivables within one year (+€19,172)
- Current investments -€4,030
down €4,030 (-12.6%), from €31,980 to €27,950
- Debts after one year -€14,444
down €14,444 (-74.7%), from €19,327 to €4,883
- Other debts -€14,056
down €14,056 (-63.7%), from €22,068 to €8,012
- Current portion of long-term debt -€10,917
down €10,917 (-43.0%), from €25,361 to €14,444
- Tax, wage and social debts +€10,092
up €10,092 (+98.3%), from €10,267 to €20,360
- Accrued charges and deferred income -€7,750
down €7,750 (-100.0%), from €7,750 to €0
- Gross operating margin -€8,179
down €8,179 (-23.2%), from €35,313 to €27,134
- Financial income +€6,449
up €6,449 (+317.9%), from €2,029 to €8,478
- Depreciation -€5,775
down €5,775 (-17.9%), from €32,178 to €26,404
- Taxes +€1,053
up €1,053 (+26.6%), from €3,962 to €5,014
- Financial charges -€542
down €542 (-29.5%), from €1,837 to €1,295
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 | €207,066 | €171,450 | -€35,616 | -17.2% |
| Fixed assets | 21/28 | €112,997 | €86,594 | -€26,404 | -23.4% |
| Tangible fixed assets | 22/27 | €112,997 | €86,594 | -€26,404 | -23.4% |
| Land and buildings | 22 | €95,258 | €82,991 | -€12,267 | -12.9% |
| Plant, machinery and equipment | 23 | €995 | €0 | -€995 | -100.0% |
| Furniture and vehicles | 24 | €16,745 | €3,603 | -€13,142 | -78.5% |
| Current assets | 29/58 | €94,069 | €84,856 | -€9,213 | -9.8% |
| Amounts receivable within one year | 40/41 | €45,643 | €26,471 | -€19,172 | -42.0% |
| Trade receivables | 40 | €16,005 | €26,471 | +€10,466 | +65.4% |
| Other amounts receivable | 41 | €29,638 | €0 | -€29,638 | -100.0% |
| Current investments | 50/53 | €31,980 | €27,950 | -€4,030 | -12.6% |
| Cash at bank and in hand | 54/58 | €11,486 | €26,089 | +€14,603 | +127.1% |
| Deferred charges and accrued income | 490/1 | €4,960 | €4,347 | -€613 | -12.4% |
| Total equity and liabilities | 10/49 | €207,066 | €171,450 | -€35,616 | -17.2% |
| Equity | 10/15 | €114,590 | €114,547 | -€42 | 0.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Revaluation surpluses | 12 | €48,445 | €48,445 | = | 0.0% |
| Reserves | 13 | €59,230 | €59,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,256 | €1,256 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,256 | €1,256 | = | 0.0% |
| Distributable reserves | 133 | €57,973 | €57,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,085 | -€53,127 | -€42 | -0.1% |
| Amounts payable | 17/49 | €92,477 | €56,902 | -€35,574 | -38.5% |
| Amounts payable after more than one year | 17 | €19,327 | €4,883 | -€14,444 | -74.7% |
| Financial debts | 170/4 | €19,327 | €4,883 | -€14,444 | -74.7% |
| Amounts payable within one year | 42/48 | €65,399 | €52,019 | -€13,380 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €25,361 | €14,444 | -€10,917 | -43.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,703 | €9,203 | +€1,501 | +19.5% |
| Suppliers | 440/4 | €7,703 | €9,203 | +€1,501 | +19.5% |
| Taxes, remuneration and social security | 45 | €10,267 | €20,360 | +€10,092 | +98.3% |
| Taxes | 450/3 | €10,267 | €20,360 | +€10,092 | +98.3% |
| Other amounts payable | 47/48 | €22,068 | €8,012 | -€14,056 | -63.7% |
| Accrued charges and deferred income | 492/3 | €7,750 | €0 | -€7,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,178 | €26,404 | -€5,775 | -17.9% |
| Other operating charges | 640/8 | €2,746 | €2,941 | +€195 | +7.1% |
| Gross operating margin | 9900 | €35,313 | €27,134 | -€8,179 | -23.2% |
| Operating profit (loss) | 9901 | €389 | -€2,211 | -€2,600 | |
| Financial income | 75/76B | €2,029 | €8,478 | +€6,449 | +317.9% |
| Recurring financial income | 75 | €2,029 | €8,478 | +€6,449 | +317.9% |
| Financial charges | 65/66B | €1,837 | €1,295 | -€542 | -29.5% |
| Recurring financial charges | 65 | €1,837 | €1,295 | -€542 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €581 | €4,972 | +€4,391 | +755.8% |
| Income taxes | 67/77 | €3,962 | €5,014 | +€1,053 | +26.6% |
| Profit (loss) for the period | 9904 | -€3,381 | -€42 | +€3,338 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,381 | -€42 | +€3,338 | +98.7% |
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 9 October 2026 via checked.be.