Granuplast: 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.
Granuplast
Largest movements
- Cash -€143,340
down €143,340 (-52.6%), from €272,673 to €129,333
mainly Trade debts (-€151,379) and Current investments (-€77,223)
- Receivables within one year -€121,462
down €121,462 (-61.5%), from €197,488 to €76,026
of which Trade receivables: -€118,419
- Current investments +€77,223
new in 2025: €77,223
- Tangible fixed assets -€7,729
down €7,729 (-13.9%), from €55,604 to €47,875
of which Furniture and vehicles: -€7,178
- Trade debts -€151,379
down €151,379 (-86.2%), from €175,514 to €24,136
- Tax, wage and social debts -€31,083
down €31,083 (-55.0%), from €56,504 to €25,421
of which Taxes: -€33,233
- Other debts -€23,618
down €23,618 (-72.4%), from €32,618 to €9,000
- Reserves +€10,136
up €10,136 (+3.9%), from €260,047 to €270,183
- Gross operating margin -€170,892
down €170,892 (-78.0%), from €219,095 to €48,203
- Taxes -€43,320
down €43,320 (-86.3%), from €50,191 to €6,871
- Depreciation +€17,345
up €17,345 (+597.7%), from €2,902 to €20,247
- Financial charges +€2,211
up €2,211 (+47.5%), from €4,651 to €6,863
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 | €529,746 | €334,837 | -€194,909 | -36.8% |
| Fixed assets | 21/28 | €55,604 | €47,875 | -€7,729 | -13.9% |
| Tangible fixed assets | 22/27 | €55,604 | €47,875 | -€7,729 | -13.9% |
| Furniture and vehicles | 24 | €50,620 | €43,442 | -€7,178 | -14.2% |
| Other tangible fixed assets | 26 | €4,984 | €4,433 | -€551 | -11.1% |
| Current assets | 29/58 | €474,142 | €286,962 | -€187,180 | -39.5% |
| Amounts receivable within one year | 40/41 | €197,488 | €76,026 | -€121,462 | -61.5% |
| Trade receivables | 40 | €194,441 | €76,022 | -€118,419 | -60.9% |
| Other amounts receivable | 41 | €3,048 | €4 | -€3,043 | -99.9% |
| Current investments | 50/53 | - | €77,223 | +€77,223 | |
| Cash at bank and in hand | 54/58 | €272,673 | €129,333 | -€143,340 | -52.6% |
| Deferred charges and accrued income | 490/1 | €3,980 | €4,380 | +€399 | +10.0% |
| Total equity and liabilities | 10/49 | €529,746 | €334,837 | -€194,909 | -36.8% |
| Equity | 10/15 | €265,047 | €275,183 | +€10,136 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €260,047 | €270,183 | +€10,136 | +3.9% |
| Distributable reserves | 133 | €260,047 | €270,183 | +€10,136 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,699 | €59,654 | -€205,045 | -77.5% |
| Amounts payable within one year | 42/48 | €264,636 | €58,557 | -€206,079 | -77.9% |
| Trade debts | 44 | €175,514 | €24,136 | -€151,379 | -86.2% |
| Suppliers | 440/4 | €175,514 | €24,136 | -€151,379 | -86.2% |
| Taxes, remuneration and social security | 45 | €56,504 | €25,421 | -€31,083 | -55.0% |
| Taxes | 450/3 | €54,178 | €20,945 | -€33,233 | -61.3% |
| Remuneration and social security | 454/9 | €2,326 | €4,476 | +€2,150 | +92.4% |
| Other amounts payable | 47/48 | €32,618 | €9,000 | -€23,618 | -72.4% |
| Accrued charges and deferred income | 492/3 | €63 | €1,097 | +€1,034 | +1641.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,902 | €20,247 | +€17,345 | +597.7% |
| Other operating charges | 640/8 | €1,936 | €2,759 | +€823 | +42.5% |
| Non-recurring operating charges | 66A | - | €706 | +€706 | |
| Gross operating margin | 9900 | €219,095 | €48,203 | -€170,892 | -78.0% |
| Operating profit (loss) | 9901 | €214,257 | €24,491 | -€189,766 | -88.6% |
| Financial income | 75/76B | €0 | €237 | +€237 | |
| Recurring financial income | 75 | €0 | €237 | +€237 | |
| Financial charges | 65/66B | €4,651 | €6,863 | +€2,211 | +47.5% |
| Recurring financial charges | 65 | €4,651 | €6,863 | +€2,211 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €209,605 | €17,866 | -€191,740 | -91.5% |
| Income taxes | 67/77 | €50,191 | €6,871 | -€43,320 | -86.3% |
| Profit (loss) for the period | 9904 | €159,415 | €10,995 | -€148,420 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €159,415 | €10,995 | -€148,420 | -93.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.