GRANIT - DECOR: 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.
GRANIT - DECOR
Largest movements
- Cash +€28,327
up €28,327 (+21380.3%), from €132 to €28,459
mainly Short-term financial debts (+€40,441) and Trade debts (+€29,097)
- Tangible fixed assets +€9,029
up €9,029 (+162.7%), from €5,549 to €14,577
of which Leasing and similar rights: +€9,468
- Receivables within one year +€5,884
up €5,884 (+1.5%), from €385,824 to €391,708
of which Trade receivables: +€38,133
- Short-term financial debts +€40,441
up €40,441 (+67.9%), from €59,559 to €100,000
- Trade debts +€29,097
up €29,097 (+8.0%), from €361,496 to €390,592
- Profit (loss) carried forward -€28,572
down €28,572 (-44.6%), from €64,122 to €35,550
- Debts after one year +€11,222
new in 2025: €11,222
- Tax, wage and social debts -€10,607
down €10,607 (-91.0%), from €11,654 to €1,047
of which Remuneration and social security: -€9,871
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Staff costs +€49,421
up €49,421 (+24.0%), from €206,266 to €255,686
- Gross operating margin +€28,870
up €28,870 (+13.2%), from €218,639 to €247,509
- Financial charges +€9,455
up €9,455 (+132.2%), from €7,153 to €16,607
of which Non-recurring financial charges: +€8,059
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 | €508,846 | €549,167 | +€40,321 | +7.9% |
| Fixed assets | 21/28 | €6,549 | €15,577 | +€9,029 | +137.9% |
| Tangible fixed assets | 22/27 | €5,549 | €14,577 | +€9,029 | +162.7% |
| Plant, machinery and equipment | 23 | €1,124 | €684 | -€440 | -39.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €4,425 | €13,893 | +€9,468 | +214.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €502,298 | €533,590 | +€31,292 | +6.2% |
| Stocks and contracts in progress | 3 | €106,130 | €106,130 | = | 0.0% |
| Stocks | 30/36 | €106,130 | €106,130 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €385,824 | €391,708 | +€5,884 | +1.5% |
| Trade receivables | 40 | €302,120 | €340,253 | +€38,133 | +12.6% |
| Other amounts receivable | 41 | €83,704 | €51,455 | -€32,249 | -38.5% |
| Cash at bank and in hand | 54/58 | €132 | €28,459 | +€28,327 | +21380.3% |
| Deferred charges and accrued income | 490/1 | €10,211 | €7,293 | -€2,918 | -28.6% |
| Total equity and liabilities | 10/49 | €508,846 | €549,167 | +€40,321 | +7.9% |
| Equity | 10/15 | €70,422 | €41,850 | -€28,572 | -40.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,122 | €35,550 | -€28,572 | -44.6% |
| Amounts payable | 17/49 | €438,425 | €507,318 | +€68,893 | +15.7% |
| Amounts payable after more than one year | 17 | - | €11,222 | +€11,222 | |
| Financial debts | 170/4 | - | €11,222 | +€11,222 | |
| Amounts payable within one year | 42/48 | €438,425 | €496,095 | +€57,671 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,103 | +€3,103 | |
| Financial debts | 43 | €59,559 | €100,000 | +€40,441 | +67.9% |
| Credit institutions | 430/8 | €59,559 | €100,000 | +€40,441 | +67.9% |
| Trade debts | 44 | €361,496 | €390,592 | +€29,097 | +8.0% |
| Suppliers | 440/4 | €361,496 | €390,592 | +€29,097 | +8.0% |
| Taxes, remuneration and social security | 45 | €11,654 | €1,047 | -€10,607 | -91.0% |
| Taxes | 450/3 | €781 | €45 | -€736 | -94.2% |
| Remuneration and social security | 454/9 | €10,873 | €1,002 | -€9,871 | -90.8% |
| Other amounts payable | 47/48 | €5,716 | €1,352 | -€4,363 | -76.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,175,306 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €206,266 | €255,686 | +€49,421 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €3,799 | +€258 | +7.3% |
| Other operating charges | 640/8 | €590 | €549 | -€41 | -6.9% |
| Gross operating margin | 9900 | €218,639 | €247,509 | +€28,870 | +13.2% |
| Operating profit (loss) | 9901 | €8,243 | -€12,526 | -€20,769 | |
| Financial income | 75/76B | - | €561 | +€561 | |
| Recurring financial income | 75 | - | €561 | +€561 | |
| Financial charges | 65/66B | €7,153 | €16,607 | +€9,455 | +132.2% |
| Recurring financial charges | 65 | €7,153 | €8,548 | +€1,396 | +19.5% |
| Non-recurring financial charges | 66B | - | €8,059 | +€8,059 | |
| Profit (loss) for the period before taxes | 9903 | €1,090 | -€28,572 | -€29,663 | |
| Income taxes | 67/77 | €736 | - | -€736 | |
| Profit (loss) for the period | 9904 | €355 | -€28,572 | -€28,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €355 | -€28,572 | -€28,927 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.