Granubois: 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.
What changed
Granubois
NACE 16.281, Manufacture of other wood products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,038
2024 · -€47,251+€6,213
Equity
€1.5m
2024 · €1.5m-€41,038
Cash
€46,464
2024 · €28,150+€18,314
Balance sheet total
€2.5m
2024 · €2.5m-€66,657
Largest movements
Assets
- Receivables after one year -€63,000
down €63,000 (-4.6%), from €1.4m to €1.3m
- Tangible fixed assets -€30,243
down €30,243 (-3.1%), from €976,633 to €946,390
of which Land and buildings: -€35,012
Equity and liabilities
- Profit (loss) carried forward -€41,038
down €41,038 (-86.9%), from -€47,251 to -€88,289
Income statement
- Gross operating margin +€54,176
up €54,176 (+141%), from €38,322 to €92,498
- Depreciation +€36,680
up €36,680 (+76.4%), from €48,035 to €84,715
- Other operating charges +€6,852
up €6,852 (+55.4%), from €12,377 to €19,229
- Financial charges +€4,476
up €4,476 (+17.8%), from €25,206 to €29,682
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
-€47,251
Gross operating margin
+€54,176
Depreciation
-€36,680
Other operating charges
-€6,852
Financial income
+€51
Financial charges
-€4,476
Taxes
-€6
Result 2025
-€41,038
raises the resultlowers the result
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.
From operations
+€76,725
Investment
-€54,472
Financing
-€3,939
Cash 2024
€28,150
From operations (derived)
+€76,725
Net result for the year
-€41,038
Depreciation
+€84,715
Receivables after one year
+€63,000
Receivables within one year
-€8,272
Trade debts
-€21,519
Accrued charges and deferred income
-€161
Investment (derived)
-€54,472
Investment in fixed assets (net)
-€54,472
Financing
-€3,939
Debts after one year
-€5,170
Current portion of long-term debt
+€1,231
Cash 2025
€46,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,525,147 | €2,458,490 | -€66,657 | -2.6% |
| Fixed assets | 21/28 | €976,633 | €946,390 | -€30,243 | -3.1% |
| Tangible fixed assets | 22/27 | €976,633 | €946,390 | -€30,243 | -3.1% |
| Land and buildings | 22 | €819,464 | €784,452 | -€35,012 | -4.3% |
| Plant, machinery and equipment | 23 | €157,169 | €161,938 | +€4,769 | +3.0% |
| Current assets | 29/58 | €1,548,514 | €1,512,100 | -€36,414 | -2.4% |
| Amounts receivable after more than one year | 29 | €1,360,721 | €1,297,721 | -€63,000 | -4.6% |
| Other amounts receivable | 291 | €1,360,721 | €1,297,721 | -€63,000 | -4.6% |
| Amounts receivable within one year | 40/41 | €132,943 | €141,215 | +€8,272 | +6.2% |
| Trade receivables | 40 | €108,635 | €117,888 | +€9,253 | +8.5% |
| Other amounts receivable | 41 | €24,308 | €23,327 | -€981 | -4.0% |
| Cash at bank and in hand | 54/58 | €28,150 | €46,464 | +€18,314 | +65.1% |
| Deferred charges and accrued income | 490/1 | €26,700 | €26,700 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,525,147 | €2,458,490 | -€66,657 | -2.6% |
| Equity | 10/15 | €1,496,940 | €1,455,902 | -€41,038 | -2.7% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €244,191 | €244,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €130,000 | €130,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130,000 | €130,000 | = | 0.0% |
| Distributable reserves | 133 | €114,191 | €114,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,251 | -€88,289 | -€41,038 | -86.9% |
| Amounts payable | 17/49 | €1,028,207 | €1,002,588 | -€25,619 | -2.5% |
| Amounts payable after more than one year | 17 | €913,262 | €908,092 | -€5,170 | -0.6% |
| Financial debts | 170/4 | €913,262 | €908,092 | -€5,170 | -0.6% |
| Amounts payable within one year | 42/48 | €114,784 | €94,496 | -€20,288 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €72,856 | €74,087 | +€1,231 | +1.7% |
| Trade debts | 44 | €26,828 | €5,309 | -€21,519 | -80.2% |
| Suppliers | 440/4 | €26,828 | €5,309 | -€21,519 | -80.2% |
| Taxes, remuneration and social security | 45 | €1,600 | €1,600 | = | 0.0% |
| Taxes | 450/3 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €13,500 | €13,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €161 | - | -€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,035 | €84,715 | +€36,680 | +76.4% |
| Other operating charges | 640/8 | €12,377 | €19,229 | +€6,852 | +55.4% |
| Gross operating margin | 9900 | €38,322 | €92,498 | +€54,176 | +141% |
| Operating profit (loss) | 9901 | -€22,090 | -€11,446 | +€10,644 | +48.2% |
| Financial income | 75/76B | €49 | €100 | +€51 | +104% |
| Recurring financial income | 75 | €49 | €100 | +€51 | +104% |
| Financial charges | 65/66B | €25,206 | €29,682 | +€4,476 | +17.8% |
| Recurring financial charges | 65 | €25,206 | €29,682 | +€4,476 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,247 | -€41,028 | +€6,219 | +13.2% |
| Income taxes | 67/77 | €4 | €10 | +€6 | +150% |
| Profit (loss) for the period | 9904 | -€47,251 | -€41,038 | +€6,213 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,251 | -€41,038 | +€6,213 | +13.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.