GRANITA: 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.
GRANITA
Largest movements
- Tangible fixed assets -€7,650
down €7,650 (-3.0%), from €252,825 to €245,175
- Debts after one year -€11,000
down €11,000 (-5.0%), from €219,888 to €208,888
- Other debts +€4,491
up €4,491 (+4.8%), from €92,672 to €97,163
- Gross operating margin -€7,377
down €7,377 (-31.4%), from €23,523 to €16,146
- Financial charges -€4,724
down €4,724 (-43.2%), from €10,937 to €6,213
- Other operating charges +€585
up €585 (+29.0%), from €2,016 to €2,601
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 | €254,517 | €248,870 | -€5,647 | -2.2% |
| Fixed assets | 21/28 | €252,825 | €245,175 | -€7,650 | -3.0% |
| Tangible fixed assets | 22/27 | €252,825 | €245,175 | -€7,650 | -3.0% |
| Land and buildings | 22 | €252,825 | €245,175 | -€7,650 | -3.0% |
| Current assets | 29/58 | €1,692 | €3,695 | +€2,003 | +118% |
| Stocks and contracts in progress | 3 | €1,270 | €1,270 | = | 0.0% |
| Stocks | 30/36 | €1,270 | €1,270 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €422 | €422 | = | 0.0% |
| Other amounts receivable | 41 | €422 | €422 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €2,003 | +€2,003 | |
| Total equity and liabilities | 10/49 | €254,517 | €248,870 | -€5,647 | -2.2% |
| Equity | 10/15 | -€69,913 | -€70,231 | -€318 | -0.5% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Capital | 10 | €22,310 | €22,310 | = | 0.0% |
| Issued capital | 100 | €22,310 | €22,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,223 | -€92,541 | -€318 | -0.3% |
| Amounts payable | 17/49 | €324,430 | €319,101 | -€5,329 | -1.6% |
| Amounts payable after more than one year | 17 | €219,888 | €208,888 | -€11,000 | -5.0% |
| Financial debts | 170/4 | €219,888 | €208,888 | -€11,000 | -5.0% |
| Amounts payable within one year | 42/48 | €104,542 | €110,213 | +€5,671 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €11,282 | €13,050 | +€1,768 | +15.7% |
| Financial debts | 43 | €588 | - | -€588 | |
| Credit institutions | 430/8 | €588 | - | -€588 | |
| Other amounts payable | 47/48 | €92,672 | €97,163 | +€4,491 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,650 | €7,650 | = | 0.0% |
| Other operating charges | 640/8 | €2,016 | €2,601 | +€585 | +29.0% |
| Gross operating margin | 9900 | €23,523 | €16,146 | -€7,377 | -31.4% |
| Operating profit (loss) | 9901 | €13,857 | €5,895 | -€7,962 | -57.5% |
| Financial charges | 65/66B | €10,937 | €6,213 | -€4,724 | -43.2% |
| Recurring financial charges | 65 | €10,937 | €6,213 | -€4,724 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €2,920 | -€318 | -€3,238 | |
| Profit (loss) for the period | 9904 | €2,920 | -€318 | -€3,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,920 | -€318 | -€3,238 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.