GRANNELOTTE: 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.
GRANNELOTTE
Largest movements
- Receivables within one year -€109,429
down €109,429 (-72.5%), from €150,960 to €41,531
of which Other amounts receivable: -€101,642
- Cash +€107,015
up €107,015 (+453.3%), from €23,611 to €130,626
mainly Receivables within one year (+€109,429) and Net result for the year (+€3,455)
- Trade debts -€8,367
down €8,367 (-86.3%), from €9,697 to €1,330
- Reserves +€3,455
up €3,455 (+2.0%), from €176,055 to €179,510
of which Distributable reserves: +€3,455
- Gross operating margin -€7,897
down €7,897 (-53.6%), from €14,726 to €6,829
- Financial charges -€773
down €773 (-77.1%), from €1,002 to €230
- Taxes -€405
down €405 (-15.3%), from €2,642 to €2,237
- Other operating charges -€198
down €198 (-20.6%), from €962 to €764
- Depreciation -€149
down €149 (-29.4%), from €506 to €357
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 | €277,923 | €275,153 | -€2,770 | -1.0% |
| Fixed assets | 21/28 | €103,353 | €102,996 | -€357 | -0.3% |
| Tangible fixed assets | 22/27 | €1,167 | €810 | -€357 | -30.6% |
| Furniture and vehicles | 24 | €1,167 | €810 | -€357 | -30.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €102,187 | €102,187 | = | 0.0% |
| Current assets | 29/58 | €174,570 | €172,157 | -€2,413 | -1.4% |
| Amounts receivable within one year | 40/41 | €150,960 | €41,531 | -€109,429 | -72.5% |
| Trade receivables | 40 | €16,014 | €8,227 | -€7,787 | -48.6% |
| Other amounts receivable | 41 | €134,946 | €33,304 | -€101,642 | -75.3% |
| Cash at bank and in hand | 54/58 | €23,611 | €130,626 | +€107,015 | +453.3% |
| Total equity and liabilities | 10/49 | €277,923 | €275,153 | -€2,770 | -1.0% |
| Equity | 10/15 | €194,655 | €198,110 | +€3,455 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,055 | €179,510 | +€3,455 | +2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,936 | €3,936 | = | 0.0% |
| Distributable reserves | 133 | €170,259 | €173,714 | +€3,455 | +2.0% |
| Provisions and deferred taxes | 16 | €70,074 | €70,074 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,074 | €70,074 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,074 | €70,074 | = | 0.0% |
| Amounts payable | 17/49 | €13,195 | €6,969 | -€6,226 | -47.2% |
| Amounts payable within one year | 42/48 | €13,195 | €6,969 | -€6,226 | -47.2% |
| Trade debts | 44 | €9,697 | €1,330 | -€8,367 | -86.3% |
| Suppliers | 440/4 | €9,697 | €1,330 | -€8,367 | -86.3% |
| Taxes, remuneration and social security | 45 | €3,498 | €5,639 | +€2,142 | +61.2% |
| Taxes | 450/3 | €3,498 | €5,639 | +€2,142 | +61.2% |
| Non-recurring operating income | 76A | €250 | €0 | -€250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €357 | -€149 | -29.4% |
| Other operating charges | 640/8 | €962 | €764 | -€198 | -20.6% |
| Gross operating margin | 9900 | €14,726 | €6,829 | -€7,897 | -53.6% |
| Operating profit (loss) | 9901 | €13,259 | €5,708 | -€7,550 | -56.9% |
| Financial income | 75/76B | €203 | €213 | +€10 | +5.0% |
| Recurring financial income | 75 | €203 | €213 | +€10 | +5.0% |
| Financial charges | 65/66B | €1,002 | €230 | -€773 | -77.1% |
| Recurring financial charges | 65 | €1,002 | €230 | -€773 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €12,460 | €5,692 | -€6,767 | -54.3% |
| Income taxes | 67/77 | €2,642 | €2,237 | -€405 | -15.3% |
| Profit (loss) for the period | 9904 | €9,818 | €3,455 | -€6,363 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,818 | €3,455 | -€6,363 | -64.8% |
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 11 October 2026 via checked.be.