GRANMA: 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.
GRANMA
Largest movements
- Cash -€40,322
down €40,322 (-82.9%), from €48,647 to €8,325
mainly Receivables within one year (-€39,589) and Other debts (-€28,960)
- Receivables within one year +€39,589
new in 2024: €39,589
of which Other amounts receivable: +€39,428
- Stocks and contracts -€15,977
down €15,977 (-50.0%), from €31,954 to €15,977
- Tangible fixed assets -€3,626
down €3,626 (-24.4%), from €14,837 to €11,211
- Profit (loss) carried forward +€35,956
up €35,956 (+82.1%), from -€43,797 to -€7,841
- Other debts -€28,960
no longer reported in 2024 (was €28,960)
- Trade debts -€24,114
down €24,114 (-30.4%), from €79,279 to €55,166
- Tax, wage and social debts -€3,218
down €3,218 (-97.9%), from €3,286 to €68
- Financial income +€60,576
new in 2024: €60,576
- Gross operating margin -€32,734
down €32,734, from €18,731 to -€14,003
- Depreciation +€4,522
up €4,522 (+489.7%), from €923 to €5,445
- Other operating charges -€2,570
down €2,570 (-51.8%), from €4,961 to €2,391
- Taxes +€485
up €485 (+293.9%), from €165 to €650
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,857 | €76,522 | -€20,335 | -21.0% |
| Fixed assets | 21/28 | €16,257 | €12,631 | -€3,626 | -22.3% |
| Tangible fixed assets | 22/27 | €14,837 | €11,211 | -€3,626 | -24.4% |
| Furniture and vehicles | 24 | €14,837 | €11,211 | -€3,626 | -24.4% |
| Financial fixed assets | 28 | €1,420 | €1,420 | = | 0.0% |
| Current assets | 29/58 | €80,601 | €63,891 | -€16,709 | -20.7% |
| Stocks and contracts in progress | 3 | €31,954 | €15,977 | -€15,977 | -50.0% |
| Stocks | 30/36 | €31,954 | €15,977 | -€15,977 | -50.0% |
| Amounts receivable within one year | 40/41 | - | €39,589 | +€39,589 | |
| Trade receivables | 40 | - | €162 | +€162 | |
| Other amounts receivable | 41 | - | €39,428 | +€39,428 | |
| Cash at bank and in hand | 54/58 | €48,647 | €8,325 | -€40,322 | -82.9% |
| Total equity and liabilities | 10/49 | €96,857 | €76,522 | -€20,335 | -21.0% |
| Equity | 10/15 | -€22,737 | €13,219 | +€35,956 | |
| Contributions | 10/11 | €19,060 | €19,060 | = | 0.0% |
| Capital | 10 | €19,060 | €19,060 | = | 0.0% |
| Issued capital | 100 | €19,060 | €19,060 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,797 | -€7,841 | +€35,956 | +82.1% |
| Amounts payable | 17/49 | €119,594 | €63,303 | -€56,291 | -47.1% |
| Amounts payable after more than one year | 17 | €8,069 | €8,069 | = | 0.0% |
| Financial debts | 170/4 | €8,069 | €8,069 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,525 | €55,234 | -€56,291 | -50.5% |
| Trade debts | 44 | €79,279 | €55,166 | -€24,114 | -30.4% |
| Suppliers | 440/4 | €79,279 | €55,166 | -€24,114 | -30.4% |
| Taxes, remuneration and social security | 45 | €3,286 | €68 | -€3,218 | -97.9% |
| Taxes | 450/3 | €3,286 | €68 | -€3,218 | -97.9% |
| Other amounts payable | 47/48 | €28,960 | - | -€28,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €5,445 | +€4,522 | +489.7% |
| Other operating charges | 640/8 | €4,961 | €2,391 | -€2,570 | -51.8% |
| Gross operating margin | 9900 | €18,731 | -€14,003 | -€32,734 | |
| Operating profit (loss) | 9901 | €12,847 | -€21,839 | -€34,686 | |
| Financial income | 75/76B | - | €60,576 | +€60,576 | |
| Recurring financial income | 75 | - | €60,576 | +€60,576 | |
| Financial charges | 65/66B | €2,133 | €2,130 | -€3 | -0.1% |
| Recurring financial charges | 65 | €2,133 | €2,130 | -€3 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €10,714 | €36,606 | +€25,892 | +241.7% |
| Income taxes | 67/77 | €165 | €650 | +€485 | +293.9% |
| Profit (loss) for the period | 9904 | €10,549 | €35,956 | +€25,407 | +240.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,549 | €35,956 | +€25,407 | +240.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.