GRANVIE: 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.
GRANVIE
Largest movements
- Financial fixed assets +€238,400
up €238,400 (+3.7%), from €6.5m to €6.8m
- Reserves +€387,626
new in 2025: €387,626
- Debts after one year -€164,265
down €164,265 (-4.5%), from €3.7m to €3.5m
- Gross operating margin +€505,974
up €505,974, from -€7,972 to €498,003
- Financial income -€160,000
no longer reported in 2025 (was €160,000)
- Financial charges -€67,690
down €67,690 (-41.2%), from €164,335 to €96,645
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,531,187 | €6,767,626 | +€236,439 | +3.6% |
| Fixed assets | 21/28 | €6,525,000 | €6,763,400 | +€238,400 | +3.7% |
| Financial fixed assets | 28 | €6,525,000 | €6,763,400 | +€238,400 | +3.7% |
| Current assets | 29/58 | €6,187 | €4,226 | -€1,961 | -31.7% |
| Amounts receivable within one year | 40/41 | - | €128 | +€128 | |
| Trade receivables | 40 | - | €128 | +€128 | |
| Cash at bank and in hand | 54/58 | €6,187 | €4,098 | -€2,089 | -33.8% |
| Total equity and liabilities | 10/49 | €6,531,187 | €6,767,626 | +€236,439 | +3.6% |
| Equity | 10/15 | €2,866,796 | €3,267,626 | +€400,830 | +14.0% |
| Contributions | 10/11 | €2,880,000 | €2,880,000 | = | 0.0% |
| Reserves | 13 | - | €387,626 | +€387,626 | |
| Distributable reserves | 133 | - | €387,626 | +€387,626 | |
| Profit (loss) carried forward | 14 | -€13,204 | - | +€13,204 | |
| Amounts payable | 17/49 | €3,664,391 | €3,500,000 | -€164,391 | -4.5% |
| Amounts payable after more than one year | 17 | €3,664,265 | €3,500,000 | -€164,265 | -4.5% |
| Financial debts | 170/4 | €3,664,265 | €3,500,000 | -€164,265 | -4.5% |
| Amounts payable within one year | 42/48 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €126 | - | -€126 | |
| Other operating charges | 640/8 | €898 | €528 | -€370 | -41.2% |
| Gross operating margin | 9900 | -€7,972 | €498,003 | +€505,974 | |
| Operating profit (loss) | 9901 | -€8,869 | €497,475 | +€506,344 | |
| Financial income | 75/76B | €160,000 | - | -€160,000 | |
| Recurring financial income | 75 | €160,000 | - | -€160,000 | |
| Financial charges | 65/66B | €164,335 | €96,645 | -€67,690 | -41.2% |
| Recurring financial charges | 65 | €164,335 | €96,645 | -€67,690 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,204 | €400,830 | +€414,034 | |
| Profit (loss) for the period | 9904 | -€13,204 | €400,830 | +€414,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,204 | €400,830 | +€414,034 |
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 23 October 2026 via checked.be.