GRANT TAILOR: 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.
GRANT TAILOR
Largest movements
- Tangible fixed assets +€320,320
up €320,320 (+5470.9%), from €5,855 to €326,175
of which Land and buildings: +€322,527
- Receivables within one year -€52,082
down €52,082 (-27.2%), from €191,363 to €139,281
of which Trade receivables: -€52,082
- Cash -€42,177
down €42,177 (-64.1%), from €65,805 to €23,627
mainly Investment in fixed assets (net) (-€330,823) and Contributions, distributions and other (-€83,916)
- Stocks and contracts -€6,919
down €6,919 (-15.2%), from €45,470 to €38,551
- Debts after one year +€265,555
new in 2025: €265,555
- Trade debts -€52,565
down €52,565 (-51.8%), from €101,559 to €48,994
- Current portion of long-term debt +€26,977
new in 2025: €26,977
- Tax, wage and social debts -€14,513
down €14,513 (-19.3%), from €75,390 to €60,877
of which Taxes: -€14,784
- Other debts -€12,017
down €12,017 (-10.2%), from €117,604 to €105,587
- Gross operating margin +€62,382
up €62,382 (+37.6%), from €165,712 to €228,094
- Other operating charges +€29,652
up €29,652 (+290.6%), from €10,205 to €39,857
- Financial charges +€14,315
up €14,315 (+1343.1%), from €1,066 to €15,381
- Depreciation +€6,378
up €6,378 (+154.6%), from €4,125 to €10,503
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 | €313,154 | €532,299 | +€219,145 | +70.0% |
| Fixed assets | 21/28 | €10,355 | €330,675 | +€320,320 | +3093.4% |
| Tangible fixed assets | 22/27 | €5,855 | €326,175 | +€320,320 | +5470.9% |
| Land and buildings | 22 | - | €322,527 | +€322,527 | |
| Furniture and vehicles | 24 | €2,480 | €1,398 | -€1,082 | -43.6% |
| Other tangible fixed assets | 26 | €3,375 | €2,250 | -€1,125 | -33.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €302,799 | €201,624 | -€101,175 | -33.4% |
| Stocks and contracts in progress | 3 | €45,470 | €38,551 | -€6,919 | -15.2% |
| Stocks | 30/36 | €45,470 | €38,551 | -€6,919 | -15.2% |
| Amounts receivable within one year | 40/41 | €191,363 | €139,281 | -€52,082 | -27.2% |
| Trade receivables | 40 | €191,061 | €138,978 | -€52,082 | -27.3% |
| Other amounts receivable | 41 | €302 | €303 | +€0 | +0.1% |
| Cash at bank and in hand | 54/58 | €65,805 | €23,627 | -€42,177 | -64.1% |
| Deferred charges and accrued income | 490/1 | €161 | €164 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €313,154 | €532,299 | +€219,145 | +70.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €294,554 | €513,699 | +€219,145 | +74.4% |
| Amounts payable after more than one year | 17 | - | €265,555 | +€265,555 | |
| Financial debts | 170/4 | - | €265,555 | +€265,555 | |
| Amounts payable within one year | 42/48 | €294,554 | €245,095 | -€49,459 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €26,977 | +€26,977 | |
| Trade debts | 44 | €101,559 | €48,994 | -€52,565 | -51.8% |
| Suppliers | 440/4 | €101,559 | €48,994 | -€52,565 | -51.8% |
| Advances received on contracts in progress | 46 | - | €2,660 | +€2,660 | |
| Taxes, remuneration and social security | 45 | €75,390 | €60,877 | -€14,513 | -19.3% |
| Taxes | 450/3 | €66,634 | €51,850 | -€14,784 | -22.2% |
| Remuneration and social security | 454/9 | €8,757 | €9,027 | +€271 | +3.1% |
| Other amounts payable | 47/48 | €117,604 | €105,587 | -€12,017 | -10.2% |
| Accrued charges and deferred income | 492/3 | - | €3,048 | +€3,048 | |
| Remuneration, social security and pensions | 62 | €46,588 | €46,566 | -€22 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,125 | €10,503 | +€6,378 | +154.6% |
| Other operating charges | 640/8 | €10,205 | €39,857 | +€29,652 | +290.6% |
| Gross operating margin | 9900 | €165,712 | €228,094 | +€62,382 | +37.6% |
| Operating profit (loss) | 9901 | €104,794 | €131,167 | +€26,374 | +25.2% |
| Financial income | 75/76B | €1,860 | - | -€1,860 | |
| Recurring financial income | 75 | €1,860 | - | -€1,860 | |
| Financial charges | 65/66B | €1,066 | €15,381 | +€14,315 | +1343.1% |
| Recurring financial charges | 65 | €1,066 | €15,381 | +€14,315 | +1343.1% |
| Profit (loss) for the period before taxes | 9903 | €105,588 | €115,786 | +€10,198 | +9.7% |
| Income taxes | 67/77 | €29,691 | €31,870 | +€2,179 | +7.3% |
| Profit (loss) for the period | 9904 | €75,897 | €83,916 | +€8,019 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,897 | €83,916 | +€8,019 | +10.6% |
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 12 October 2026 via checked.be.