GRANIT PROMOTIONS: 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.
GRANIT PROMOTIONS
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-72.9%), from €1.7m to €452,767
- Cash -€452,068
down €452,068 (-79.1%), from €571,578 to €119,511
mainly Other debts (-€738,034) and Net result for the year (-€476,241)
- Other debts -€738,034
no longer reported in 2025 (was €738,034)
- Profit (loss) carried forward -€476,241
down €476,241, from €271,052 to -€205,190
- Trade debts -€442,074
down €442,074 (-51.1%), from €865,644 to €423,570
- Gross operating margin -€206,116
down €206,116 (-84.3%), from -€244,381 to -€450,496
- Financial charges -€39,713
down €39,713 (-80.8%), from €49,124 to €9,411
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.
Derived cash bridge
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 | €2,400,486 | €741,189 | -€1.7m | -69.1% |
| Current assets | 29/58 | €2,400,486 | €741,189 | -€1.7m | -69.1% |
| Stocks and contracts in progress | 3 | €1,673,253 | €452,767 | -€1.2m | -72.9% |
| Contracts in progress | 37 | €1,673,253 | €452,767 | -€1.2m | -72.9% |
| Amounts receivable within one year | 40/41 | €129,387 | €138,869 | +€9,482 | +7.3% |
| Trade receivables | 40 | €500 | - | -€500 | |
| Other amounts receivable | 41 | €128,887 | €138,869 | +€9,982 | +7.7% |
| Cash at bank and in hand | 54/58 | €571,578 | €119,511 | -€452,068 | -79.1% |
| Deferred charges and accrued income | 490/1 | €26,268 | €30,042 | +€3,774 | +14.4% |
| Total equity and liabilities | 10/49 | €2,400,486 | €741,189 | -€1.7m | -69.1% |
| Equity | 10/15 | €775,139 | €298,897 | -€476,241 | -61.4% |
| Contributions | 10/11 | €458,500 | €458,500 | = | 0.0% |
| Capital | 10 | €458,500 | €458,500 | = | 0.0% |
| Issued capital | 100 | €458,500 | €458,500 | = | 0.0% |
| Reserves | 13 | €45,587 | €45,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,587 | €45,587 | = | 0.0% |
| Legal reserve | 130 | €45,587 | €45,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,052 | -€205,190 | -€476,241 | |
| Amounts payable | 17/49 | €1,625,348 | €442,292 | -€1.2m | -72.8% |
| Amounts payable within one year | 42/48 | €1,603,677 | €442,292 | -€1.2m | -72.4% |
| Trade debts | 44 | €865,644 | €423,570 | -€442,074 | -51.1% |
| Suppliers | 440/4 | €865,644 | €423,570 | -€442,074 | -51.1% |
| Taxes, remuneration and social security | 45 | - | €18,722 | +€18,722 | |
| Taxes | 450/3 | - | €18,722 | +€18,722 | |
| Other amounts payable | 47/48 | €738,034 | - | -€738,034 | |
| Accrued charges and deferred income | 492/3 | €21,670 | - | -€21,670 | |
| Other operating charges | 640/8 | €21,070 | €19,626 | -€1,444 | -6.9% |
| Gross operating margin | 9900 | -€244,381 | -€450,496 | -€206,116 | -84.3% |
| Operating profit (loss) | 9901 | -€265,450 | -€470,122 | -€204,672 | -77.1% |
| Financial income | 75/76B | €231 | €3,292 | +€3,061 | +1,324% |
| Recurring financial income | 75 | €231 | €3,292 | +€3,061 | +1,324% |
| Financial charges | 65/66B | €49,124 | €9,411 | -€39,713 | -80.8% |
| Recurring financial charges | 65 | €49,124 | €9,411 | -€39,713 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | -€314,344 | -€476,241 | -€161,898 | -51.5% |
| Profit (loss) for the period | 9904 | -€314,344 | -€476,241 | -€161,898 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€314,344 | -€476,241 | -€161,898 | -51.5% |
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 31 October 2026 via checked.be.