GRANITRANS: 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.
What changed
GRANITRANS
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13,419
2024 · €20,815-€34,234
Equity
€1.5m
2024 · €1.5m-€14,619
Cash
€21,172
2024 · €17,255+€3,917
Balance sheet total
€1.6m
2024 · €1.6m-€44,526
Largest movements
Assets
- Tangible fixed assets -€137,086
down €137,086 (-28.3%), from €484,624 to €347,537
- Receivables within one year +€88,643
up €88,643 (+7.7%), from €1.1m to €1.2m
of which Trade receivables: +€95,952
Equity and liabilities
- Tax, wage and social debts -€18,623
down €18,623 (-29.4%), from €63,364 to €44,741
of which Taxes: -€11,687
Income statement
- Gross operating margin -€100,528
down €100,528 (-14.9%), from €676,122 to €575,594
- Staff costs -€28,755
down €28,755 (-6.5%), from €440,294 to €411,539
- Taxes -€25,448
down €25,448 (-97.4%), from €26,117 to €669
- Depreciation -€8,219
down €8,219 (-5.7%), from €144,945 to €136,726
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.
Result 2024
€20,815
Gross operating margin
-€100,528
Staff costs
+€28,755
Depreciation
+€8,219
Other operating charges
+€3,663
Other operating items
+€382
Financial income
-€167
Financial charges
-€5
Taxes
+€25,448
Result 2025
-€13,419
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.
From operations
+€4,757
Investment
+€360
Financing
-€1,200
Cash 2024
€17,255
From operations (derived)
+€4,757
Net result for the year
-€13,419
Depreciation
+€136,726
Receivables within one year
-€88,643
Provisions
-€3,650
Trade debts
-€7,711
Tax, wage and social debts
-€18,623
Other debts
+€77
Investment (derived)
+€360
Investment in fixed assets (net)
+€360
Financing
-€1,200
Contributions, distributions and other
-€1,200
Cash 2025
€21,172
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,647,063 | €1,602,537 | -€44,526 | -2.7% |
| Fixed assets | 21/28 | €485,434 | €348,347 | -€137,086 | -28.2% |
| Tangible fixed assets | 22/27 | €484,624 | €347,537 | -€137,086 | -28.3% |
| Furniture and vehicles | 24 | €484,624 | €347,537 | -€137,086 | -28.3% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €1,161,629 | €1,254,190 | +€92,561 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,144,374 | €1,233,017 | +€88,643 | +7.7% |
| Trade receivables | 40 | €1,131,089 | €1,227,041 | +€95,952 | +8.5% |
| Other amounts receivable | 41 | €13,285 | €5,976 | -€7,309 | -55.0% |
| Cash at bank and in hand | 54/58 | €17,255 | €21,172 | +€3,917 | +22.7% |
| Total equity and liabilities | 10/49 | €1,647,063 | €1,602,537 | -€44,526 | -2.7% |
| Equity | 10/15 | €1,547,940 | €1,533,321 | -€14,619 | -0.9% |
| Contributions | 10/11 | €65,444 | €65,444 | = | 0.0% |
| Capital | 10 | €65,444 | €65,444 | = | 0.0% |
| Issued capital | 100 | €65,444 | €65,444 | = | 0.0% |
| Reserves | 13 | €1,468,023 | €1,454,604 | -€13,419 | -0.9% |
| Non-distributable reserves | 130/1 | €6,544 | €6,544 | = | 0.0% |
| Legal reserve | 130 | €6,544 | €6,544 | = | 0.0% |
| Tax-exempt reserves | 132 | €229,956 | €219,006 | -€10,950 | -4.8% |
| Distributable reserves | 133 | €1,231,523 | €1,229,054 | -€2,469 | -0.2% |
| Profit (loss) carried forward | 14 | €10,000 | €10,000 | = | 0.0% |
| Investment grants | 15 | €4,473 | €3,273 | -€1,200 | -26.8% |
| Provisions and deferred taxes | 16 | €13,510 | €9,860 | -€3,650 | -27.0% |
| Deferred taxes | 168 | €13,510 | €9,860 | -€3,650 | -27.0% |
| Amounts payable | 17/49 | €85,613 | €59,356 | -€26,257 | -30.7% |
| Amounts payable within one year | 42/48 | €85,613 | €59,356 | -€26,257 | -30.7% |
| Trade debts | 44 | €22,055 | €14,344 | -€7,711 | -35.0% |
| Suppliers | 440/4 | €22,055 | €14,344 | -€7,711 | -35.0% |
| Taxes, remuneration and social security | 45 | €63,364 | €44,741 | -€18,623 | -29.4% |
| Taxes | 450/3 | €27,380 | €15,694 | -€11,687 | -42.7% |
| Remuneration and social security | 454/9 | €35,984 | €29,048 | -€6,936 | -19.3% |
| Other amounts payable | 47/48 | €193 | €271 | +€77 | +39.9% |
| Non-recurring operating income | 76A | - | €1,140 | +€1,140 | |
| Remuneration, social security and pensions | 62 | €440,294 | €411,539 | -€28,755 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,945 | €136,726 | -€8,219 | -5.7% |
| Other operating charges | 640/8 | €46,083 | €42,421 | -€3,663 | -7.9% |
| Non-recurring operating charges | 66A | €2,259 | €1,877 | -€382 | -16.9% |
| Gross operating margin | 9900 | €676,122 | €575,594 | -€100,528 | -14.9% |
| Operating profit (loss) | 9901 | €42,540 | -€16,969 | -€59,510 | |
| Financial income | 75/76B | €2,473 | €2,307 | -€167 | -6.7% |
| Recurring financial income | 75 | €2,473 | €2,307 | -€167 | -6.7% |
| Financial charges | 65/66B | €1,732 | €1,737 | +€5 | +0.3% |
| Recurring financial charges | 65 | €1,732 | €1,737 | +€5 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €43,281 | -€16,400 | -€59,682 | |
| Transfer from deferred taxes | 780 | €3,650 | €3,650 | = | 0.0% |
| Income taxes | 67/77 | €26,117 | €669 | -€25,448 | -97.4% |
| Profit (loss) for the period | 9904 | €20,815 | -€13,419 | -€34,234 | |
| Transfer from tax-exempt reserves | 789 | €10,950 | €10,950 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,765 | -€2,469 | -€34,234 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.