GRANY: 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.
GRANY
Largest movements
- Receivables within one year +€8,380
up €8,380 (+52.8%), from €15,871 to €24,251
of which Other amounts receivable: +€5,356
- Cash -€2,808
down €2,808 (-80.8%), from €3,476 to €667
mainly Other debts (-€10,000) and Receivables within one year (-€8,380)
- Other debts -€10,000
down €10,000 (-8.4%), from €118,539 to €108,539
- Profit (loss) carried forward +€9,910
up €9,910 (+6.0%), from -€164,869 to -€154,959
- Tax, wage and social debts +€5,770
up €5,770 (+4896.2%), from €118 to €5,888
- Taxes +€3,500
new in 2025: €3,500
- Gross operating margin +€1,767
up €1,767 (+15.0%), from €11,778 to €13,545
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 | €19,346 | €24,919 | +€5,572 | +28.8% |
| Current assets | 29/58 | €19,346 | €24,919 | +€5,572 | +28.8% |
| Amounts receivable within one year | 40/41 | €15,871 | €24,251 | +€8,380 | +52.8% |
| Trade receivables | 40 | €8,400 | €11,424 | +€3,024 | +36.0% |
| Other amounts receivable | 41 | €7,471 | €12,827 | +€5,356 | +71.7% |
| Cash at bank and in hand | 54/58 | €3,476 | €667 | -€2,808 | -80.8% |
| Total equity and liabilities | 10/49 | €19,346 | €24,919 | +€5,572 | +28.8% |
| Equity | 10/15 | -€99,769 | -€89,859 | +€9,910 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,869 | -€154,959 | +€9,910 | +6.0% |
| Amounts payable | 17/49 | €119,115 | €114,777 | -€4,338 | -3.6% |
| Amounts payable within one year | 42/48 | €119,115 | €114,777 | -€4,338 | -3.6% |
| Trade debts | 44 | €459 | €351 | -€108 | -23.6% |
| Suppliers | 440/4 | €459 | €351 | -€108 | -23.6% |
| Taxes, remuneration and social security | 45 | €118 | €5,888 | +€5,770 | +4896.2% |
| Taxes | 450/3 | €118 | €5,888 | +€5,770 | +4896.2% |
| Other amounts payable | 47/48 | €118,539 | €108,539 | -€10,000 | -8.4% |
| Other operating charges | 640/8 | €605 | €520 | -€86 | -14.1% |
| Gross operating margin | 9900 | €11,778 | €13,545 | +€1,767 | +15.0% |
| Operating profit (loss) | 9901 | €11,173 | €13,026 | +€1,853 | +16.6% |
| Financial income | 75/76B | €427 | €415 | -€13 | -3.0% |
| Recurring financial income | 75 | €427 | €415 | -€13 | -3.0% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €11,570 | €13,410 | +€1,840 | +15.9% |
| Income taxes | 67/77 | - | €3,500 | +€3,500 | |
| Profit (loss) for the period | 9904 | €11,570 | €9,910 | -€1,660 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,570 | €9,910 | -€1,660 | -14.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.