GRAZIANI IMMO: 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.
GRAZIANI IMMO
Largest movements
- Stocks and contracts +€223,492
up €223,492 (+198%), from €113,038 to €336,530
- Receivables within one year -€143,712
down €143,712 (-98.8%), from €145,442 to €1,729
of which Other amounts receivable: -€101,312
- Tangible fixed assets -€7,905
down €7,905 (-3.0%), from €267,595 to €259,690
- Debts after one year +€61,726
up €61,726 (+41.5%), from €148,628 to €210,354
of which Other amounts payable: +€100,000
- Trade debts -€21,954
down €21,954 (-50.8%), from €43,188 to €21,233
- Other debts +€13,500
up €13,500 (+15.6%), from €86,627 to €100,127
- Profit (loss) carried forward +€10,819
up €10,819 (+12.7%), from €84,986 to €95,804
- Gross operating margin -€16,263
down €16,263 (-33.6%), from €48,430 to €32,167
- Taxes -€4,332
down €4,332 (-52.4%), from €8,271 to €3,938
- Financial charges +€1,789
up €1,789 (+32.2%), from €5,558 to €7,346
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 | €531,544 | €601,660 | +€70,116 | +13.2% |
| Fixed assets | 21/28 | €267,595 | €259,690 | -€7,905 | -3.0% |
| Tangible fixed assets | 22/27 | €267,595 | €259,690 | -€7,905 | -3.0% |
| Land and buildings | 22 | €267,595 | €259,690 | -€7,905 | -3.0% |
| Current assets | 29/58 | €263,949 | €341,970 | +€78,021 | +29.6% |
| Stocks and contracts in progress | 3 | €113,038 | €336,530 | +€223,492 | +198% |
| Stocks | 30/36 | €113,038 | €336,530 | +€223,492 | +198% |
| Amounts receivable within one year | 40/41 | €145,442 | €1,729 | -€143,712 | -98.8% |
| Trade receivables | 40 | €42,400 | - | -€42,400 | |
| Other amounts receivable | 41 | €103,042 | €1,729 | -€101,312 | -98.3% |
| Cash at bank and in hand | 54/58 | €4,200 | €2,195 | -€2,005 | -47.7% |
| Deferred charges and accrued income | 490/1 | €1,270 | €1,517 | +€246 | +19.4% |
| Total equity and liabilities | 10/49 | €531,544 | €601,660 | +€70,116 | +13.2% |
| Equity | 10/15 | €114,986 | €125,804 | +€10,819 | +9.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,986 | €95,804 | +€10,819 | +12.7% |
| Amounts payable | 17/49 | €416,558 | €475,855 | +€59,297 | +14.2% |
| Amounts payable after more than one year | 17 | €148,628 | €210,354 | +€61,726 | +41.5% |
| Financial debts | 170/4 | €148,628 | €110,354 | -€38,274 | -25.8% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €267,930 | €264,572 | -€3,358 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €138,115 | €139,274 | +€1,158 | +0.8% |
| Trade debts | 44 | €43,188 | €21,233 | -€21,954 | -50.8% |
| Suppliers | 440/4 | €43,188 | €21,233 | -€21,954 | -50.8% |
| Taxes, remuneration and social security | 45 | - | €3,938 | +€3,938 | |
| Taxes | 450/3 | - | €3,938 | +€3,938 | |
| Other amounts payable | 47/48 | €86,627 | €100,127 | +€13,500 | +15.6% |
| Accrued charges and deferred income | 492/3 | - | €929 | +€929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,905 | €7,905 | = | 0.0% |
| Other operating charges | 640/8 | €2,415 | €2,159 | -€256 | -10.6% |
| Gross operating margin | 9900 | €48,430 | €32,167 | -€16,263 | -33.6% |
| Operating profit (loss) | 9901 | €38,110 | €22,103 | -€16,007 | -42.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,558 | €7,346 | +€1,789 | +32.2% |
| Recurring financial charges | 65 | €5,558 | €7,346 | +€1,789 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €32,552 | €14,757 | -€17,795 | -54.7% |
| Income taxes | 67/77 | €8,271 | €3,938 | -€4,332 | -52.4% |
| Profit (loss) for the period | 9904 | €24,282 | €10,819 | -€13,463 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,282 | €10,819 | -€13,463 | -55.4% |
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 13 October 2026 via checked.be.