IL GRANITO: 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.
IL GRANITO
Largest movements
- Receivables within one year +€510,528
up €510,528 (+245%), from €208,019 to €718,548
of which Trade receivables: +€459,078
- Stocks and contracts +€131,295
up €131,295 (+24.8%), from €529,165 to €660,460
- Tangible fixed assets -€44,651
down €44,651 (-12.4%), from €359,861 to €315,211
of which Land and buildings: -€38,669
- Cash +€27,546
up €27,546 (+43.1%), from €63,856 to €91,402
mainly Advances received (+€420,411) and Trade debts (+€253,231)
- Advances received +€420,411
up €420,411 (+350%), from €119,965 to €540,376
- Trade debts +€253,231
up €253,231 (+152%), from €166,792 to €420,023
- Tax, wage and social debts -€51,583
down €51,583 (-49.2%), from €104,936 to €53,353
of which Taxes: -€58,890
- Debts after one year -€30,627
down €30,627 (-22.6%), from €135,382 to €104,755
- Reserves +€28,926
up €28,926 (+8.0%), from €361,124 to €390,050
of which Distributable reserves: +€28,926
- Staff costs +€71,140
up €71,140 (+17.4%), from €408,447 to €479,587
- Gross operating margin +€62,807
up €62,807 (+10.3%), from €608,781 to €671,587
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 | €1,168,070 | €1,789,572 | +€621,502 | +53.2% |
| Fixed assets | 21/28 | €361,495 | €316,844 | -€44,651 | -12.4% |
| Tangible fixed assets | 22/27 | €359,861 | €315,211 | -€44,651 | -12.4% |
| Land and buildings | 22 | €165,362 | €126,693 | -€38,669 | -23.4% |
| Plant, machinery and equipment | 23 | €53,212 | €74,943 | +€21,731 | +40.8% |
| Furniture and vehicles | 24 | €90,633 | €89,349 | -€1,285 | -1.4% |
| Leasing and similar rights | 25 | €50,655 | €24,226 | -€26,429 | -52.2% |
| Financial fixed assets | 28 | €1,634 | €1,634 | = | 0.0% |
| Current assets | 29/58 | €806,575 | €1,472,728 | +€666,152 | +82.6% |
| Stocks and contracts in progress | 3 | €529,165 | €660,460 | +€131,295 | +24.8% |
| Stocks | 30/36 | €529,165 | €660,460 | +€131,295 | +24.8% |
| Amounts receivable within one year | 40/41 | €208,019 | €718,548 | +€510,528 | +245% |
| Trade receivables | 40 | €170,535 | €629,612 | +€459,078 | +269% |
| Other amounts receivable | 41 | €37,485 | €88,936 | +€51,451 | +137% |
| Cash at bank and in hand | 54/58 | €63,856 | €91,402 | +€27,546 | +43.1% |
| Deferred charges and accrued income | 490/1 | €5,535 | €2,318 | -€3,217 | -58.1% |
| Total equity and liabilities | 10/49 | €1,168,070 | €1,789,572 | +€621,502 | +53.2% |
| Equity | 10/15 | €414,724 | €443,650 | +€28,926 | +7.0% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €361,124 | €390,050 | +€28,926 | +8.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €361,124 | €390,050 | +€28,926 | +8.0% |
| Amounts payable | 17/49 | €753,347 | €1,345,922 | +€592,576 | +78.7% |
| Amounts payable after more than one year | 17 | €135,382 | €104,755 | -€30,627 | -22.6% |
| Financial debts | 170/4 | €135,382 | €104,755 | -€30,627 | -22.6% |
| Amounts payable within one year | 42/48 | €617,965 | €1,241,168 | +€623,203 | +101% |
| Current portion of amounts payable after more than one year | 42 | €102,648 | €106,448 | +€3,800 | +3.7% |
| Financial debts | 43 | €110,142 | €115,084 | +€4,942 | +4.5% |
| Credit institutions | 430/8 | €110,142 | €115,084 | +€4,942 | +4.5% |
| Trade debts | 44 | €166,792 | €420,023 | +€253,231 | +152% |
| Suppliers | 440/4 | €166,792 | €420,023 | +€253,231 | +152% |
| Advances received on contracts in progress | 46 | €119,965 | €540,376 | +€420,411 | +350% |
| Taxes, remuneration and social security | 45 | €104,936 | €53,353 | -€51,583 | -49.2% |
| Taxes | 450/3 | €67,969 | €9,079 | -€58,890 | -86.6% |
| Remuneration and social security | 454/9 | €36,967 | €44,274 | +€7,306 | +19.8% |
| Other amounts payable | 47/48 | €13,482 | €5,883 | -€7,598 | -56.4% |
| Remuneration, social security and pensions | 62 | €408,447 | €479,587 | +€71,140 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,206 | €119,818 | -€388 | -0.3% |
| Other operating charges | 640/8 | €9,414 | €11,661 | +€2,247 | +23.9% |
| Gross operating margin | 9900 | €608,781 | €671,587 | +€62,807 | +10.3% |
| Operating profit (loss) | 9901 | €70,713 | €60,521 | -€10,192 | -14.4% |
| Financial income | 75/76B | €428 | €53 | -€376 | -87.6% |
| Recurring financial income | 75 | €428 | €53 | -€376 | -87.6% |
| Financial charges | 65/66B | €18,374 | €14,940 | -€3,434 | -18.7% |
| Recurring financial charges | 65 | €18,374 | €14,940 | -€3,434 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €52,767 | €45,634 | -€7,134 | -13.5% |
| Income taxes | 67/77 | €21,721 | €16,708 | -€5,013 | -23.1% |
| Profit (loss) for the period | 9904 | €31,046 | €28,926 | -€2,120 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,046 | €28,926 | -€2,120 | -6.8% |
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.