GRANITPIERRE: 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.
GRANITPIERRE
Largest movements
- Tangible fixed assets -€39,526
down €39,526 (-24.8%), from €159,355 to €119,829
- Stocks and contracts -€27,000
down €27,000 (-50.3%), from €53,700 to €26,700
- Cash -€14,905
down €14,905 (-16.8%), from €88,592 to €73,687
mainly Net result for the year (-€67,324) and Accrued charges and deferred income (-€28,178)
- Receivables within one year -€9,231
down €9,231 (-7.1%), from €130,314 to €121,083
of which Other amounts receivable: -€9,748
- Formation expenses +€7,117
new in 2025: €7,117
- Profit (loss) carried forward -€67,324
down €67,324, from €204 to -€67,120
- Trade debts +€60,165
up €60,165 (+110.7%), from €54,369 to €114,534
- Accrued charges and deferred income -€28,178
down €28,178 (-61.5%), from €45,788 to €17,610
- Tax, wage and social debts -€25,688
down €25,688 (-37.8%), from €67,939 to €42,251
of which Remuneration and social security: -€26,154
- Debts after one year -€17,111
down €17,111 (-19.2%), from €89,200 to €72,089
of which Financial debts: -€17,111
- Turnover -€571,093
no longer reported in 2025 (was €571,093)
- Purchases and services -€250,570
no longer reported in 2025 (was €250,570)
- Gross operating margin -€113,265
down €113,265 (-30.5%), from €371,086 to €257,821
- Staff costs -€39,752
down €39,752 (-12.6%), from €316,465 to €276,713
- Other operating charges +€8,125
up €8,125 (+176.2%), from €4,611 to €12,736
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 | €447,431 | €365,832 | -€81,599 | -18.2% |
| Formation expenses | 20 | - | €7,117 | +€7,117 | |
| Fixed assets | 21/28 | €171,628 | €132,261 | -€39,367 | -22.9% |
| Tangible fixed assets | 22/27 | €159,355 | €119,829 | -€39,526 | -24.8% |
| Land and buildings | 22 | €14,888 | €12,749 | -€2,139 | -14.4% |
| Plant, machinery and equipment | 23 | €74,979 | €56,016 | -€18,963 | -25.3% |
| Furniture and vehicles | 24 | €1,191 | €239 | -€952 | -79.9% |
| Leasing and similar rights | 25 | €46,758 | €36,680 | -€10,078 | -21.6% |
| Other tangible fixed assets | 26 | €3,891 | €2,750 | -€1,141 | -29.3% |
| Assets under construction and advance payments | 27 | €17,648 | €11,395 | -€6,253 | -35.4% |
| Financial fixed assets | 28 | €12,273 | €12,432 | +€159 | +1.3% |
| Current assets | 29/58 | €275,803 | €226,454 | -€49,349 | -17.9% |
| Stocks and contracts in progress | 3 | €53,700 | €26,700 | -€27,000 | -50.3% |
| Stocks | 30/36 | €53,700 | €26,700 | -€27,000 | -50.3% |
| Amounts receivable within one year | 40/41 | €130,314 | €121,083 | -€9,231 | -7.1% |
| Trade receivables | 40 | €120,351 | €120,868 | +€517 | +0.4% |
| Other amounts receivable | 41 | €9,963 | €215 | -€9,748 | -97.8% |
| Cash at bank and in hand | 54/58 | €88,592 | €73,687 | -€14,905 | -16.8% |
| Deferred charges and accrued income | 490/1 | €3,197 | €4,984 | +€1,787 | +55.9% |
| Total equity and liabilities | 10/49 | €447,431 | €365,832 | -€81,599 | -18.2% |
| Equity | 10/15 | €119,458 | €52,134 | -€67,324 | -56.4% |
| Contributions | 10/11 | €14,254 | €14,254 | = | 0.0% |
| Reserves | 13 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204 | -€67,120 | -€67,324 | |
| Amounts payable | 17/49 | €327,973 | €313,698 | -€14,275 | -4.4% |
| Amounts payable after more than one year | 17 | €89,200 | €72,089 | -€17,111 | -19.2% |
| Financial debts | 170/4 | €39,200 | €22,089 | -€17,111 | -43.7% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,985 | €223,999 | +€31,014 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €50,185 | €44,600 | -€5,585 | -11.1% |
| Trade debts | 44 | €54,369 | €114,534 | +€60,165 | +110.7% |
| Suppliers | 440/4 | €54,369 | €114,534 | +€60,165 | +110.7% |
| Taxes, remuneration and social security | 45 | €67,939 | €42,251 | -€25,688 | -37.8% |
| Taxes | 450/3 | €24,782 | €25,248 | +€466 | +1.9% |
| Remuneration and social security | 454/9 | €43,157 | €17,003 | -€26,154 | -60.6% |
| Other amounts payable | 47/48 | €20,492 | €22,614 | +€2,122 | +10.4% |
| Accrued charges and deferred income | 492/3 | €45,788 | €17,610 | -€28,178 | -61.5% |
| Turnover | 70 | €571,093 | - | -€571,093 | |
| Non-recurring operating income | 76A | €50,562 | - | -€50,562 | |
| Goods, raw materials, services and sundry goods | 60/61 | €250,570 | - | -€250,570 | |
| Remuneration, social security and pensions | 62 | €316,465 | €276,713 | -€39,752 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,597 | €34,256 | -€2,341 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,862 | €3,260 | +€398 | +13.9% |
| Other operating charges | 640/8 | €4,611 | €12,736 | +€8,125 | +176.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€7,117 | -€7,117 | |
| Non-recurring operating charges | 66A | €53,758 | - | -€53,758 | |
| Gross operating margin | 9900 | €371,086 | €257,821 | -€113,265 | -30.5% |
| Operating profit (loss) | 9901 | -€43,207 | -€62,027 | -€18,820 | -43.6% |
| Financial income | 75/76B | €275 | €716 | +€441 | +160.4% |
| Recurring financial income | 75 | €275 | €716 | +€441 | +160.4% |
| Financial charges | 65/66B | €6,373 | €6,013 | -€360 | -5.6% |
| Recurring financial charges | 65 | €6,373 | €6,013 | -€360 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,305 | -€67,324 | -€18,019 | -36.5% |
| Income taxes | 67/77 | -€30 | - | +€30 | |
| Profit (loss) for the period | 9904 | -€49,275 | -€67,324 | -€18,049 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,275 | -€67,324 | -€18,049 | -36.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.