GRANITS WALLONIE: 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.
GRANITS WALLONIE
Largest movements
- Stocks and contracts -€34,723
down €34,723 (-9.3%), from €371,496 to €336,774
- Receivables within one year +€13,423
up €13,423 (+4.6%), from €293,365 to €306,787
of which Trade receivables: +€87,989
- Tangible fixed assets -€9,195
down €9,195 (-17.1%), from €53,880 to €44,685
of which Plant, machinery and equipment: -€7,533
- Trade debts +€221,461
up €221,461 (+773%), from €28,650 to €250,112
- Profit (loss) carried forward -€78,438
down €78,438, from €21,493 to -€56,945
- Tax, wage and social debts -€77,465
down €77,465 (-67.6%), from €114,651 to €37,186
of which Taxes: -€84,780
- Debts after one year -€50,897
down €50,897 (-30.2%), from €168,712 to €117,815
of which Financial debts: -€59,807
- Current portion of long-term debt -€32,501
down €32,501 (-62.1%), from €52,369 to €19,868
- Turnover +€518,559
new in 2025: €518,559
- Purchases and services +€423,813
new in 2025: €423,813
- Gross operating margin -€64,612
down €64,612 (-37.4%), from €172,900 to €108,288
- Staff costs -€45,883
down €45,883 (-21.8%), from €210,436 to €164,552
- Financial charges -€9,623
down €9,623 (-51.6%), from €18,664 to €9,042
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 | €746,464 | €717,529 | -€28,935 | -3.9% |
| Fixed assets | 21/28 | €55,237 | €46,042 | -€9,195 | -16.6% |
| Tangible fixed assets | 22/27 | €53,880 | €44,685 | -€9,195 | -17.1% |
| Land and buildings | 22 | €11,194 | €9,532 | -€1,662 | -14.8% |
| Plant, machinery and equipment | 23 | €42,686 | €35,153 | -€7,533 | -17.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,357 | €1,357 | = | 0.0% |
| Current assets | 29/58 | €691,227 | €671,487 | -€19,740 | -2.9% |
| Stocks and contracts in progress | 3 | €371,496 | €336,774 | -€34,723 | -9.3% |
| Stocks | 30/36 | €371,496 | €336,774 | -€34,723 | -9.3% |
| Amounts receivable within one year | 40/41 | €293,365 | €306,787 | +€13,423 | +4.6% |
| Trade receivables | 40 | €140,083 | €228,072 | +€87,989 | +62.8% |
| Other amounts receivable | 41 | €153,282 | €78,715 | -€74,567 | -48.6% |
| Cash at bank and in hand | 54/58 | €20,121 | €19,185 | -€936 | -4.7% |
| Deferred charges and accrued income | 490/1 | €6,245 | €8,741 | +€2,496 | +40.0% |
| Total equity and liabilities | 10/49 | €746,464 | €717,529 | -€28,935 | -3.9% |
| Equity | 10/15 | €41,944 | -€36,494 | -€78,438 | |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,493 | -€56,945 | -€78,438 | |
| Amounts payable | 17/49 | €704,519 | €754,023 | +€49,504 | +7.0% |
| Amounts payable after more than one year | 17 | €168,712 | €117,815 | -€50,897 | -30.2% |
| Financial debts | 170/4 | €71,973 | €12,166 | -€59,807 | -83.1% |
| Advances received on contracts in progress | 176 | €96,739 | €105,649 | +€8,911 | +9.2% |
| Amounts payable within one year | 42/48 | €531,012 | €629,862 | +€98,850 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €52,369 | €19,868 | -€32,501 | -62.1% |
| Financial debts | 43 | €72 | - | -€72 | |
| Credit institutions | 430/8 | €72 | - | -€72 | |
| Trade debts | 44 | €28,650 | €250,112 | +€221,461 | +773% |
| Suppliers | 440/4 | €28,650 | €250,112 | +€221,461 | +773% |
| Advances received on contracts in progress | 46 | €2,649 | €0 | -€2,649 | -100% |
| Taxes, remuneration and social security | 45 | €114,651 | €37,186 | -€77,465 | -67.6% |
| Taxes | 450/3 | €86,371 | €1,592 | -€84,780 | -98.2% |
| Remuneration and social security | 454/9 | €28,280 | €35,594 | +€7,314 | +25.9% |
| Other amounts payable | 47/48 | €332,621 | €322,697 | -€9,924 | -3.0% |
| Accrued charges and deferred income | 492/3 | €4,795 | €6,345 | +€1,550 | +32.3% |
| Turnover | 70 | - | €518,559 | +€518,559 | |
| Non-recurring operating income | 76A | - | €7,794 | +€7,794 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €423,813 | +€423,813 | |
| Remuneration, social security and pensions | 62 | €210,436 | €164,552 | -€45,883 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,858 | €9,195 | -€3,663 | -28.5% |
| Other operating charges | 640/8 | €3,770 | €3,944 | +€175 | +4.6% |
| Gross operating margin | 9900 | €172,900 | €108,288 | -€64,612 | -37.4% |
| Operating profit (loss) | 9901 | -€54,163 | -€69,404 | -€15,240 | -28.1% |
| Financial income | 75/76B | €63 | €7 | -€57 | -89.5% |
| Recurring financial income | 75 | €63 | €7 | -€57 | -89.5% |
| Financial charges | 65/66B | €18,664 | €9,042 | -€9,623 | -51.6% |
| Recurring financial charges | 65 | €18,664 | €9,042 | -€9,623 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€72,764 | -€78,438 | -€5,674 | -7.8% |
| Profit (loss) for the period | 9904 | -€72,764 | -€78,438 | -€5,674 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,764 | -€78,438 | -€5,674 | -7.8% |
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 26 October 2026 via checked.be.