Granaria: 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.
Granaria
Largest movements
- Current investments -€86,757
down €86,757 (-20.7%), from €418,364 to €331,607
- Tangible fixed assets +€51,788
up €51,788 (+75.5%), from €68,632 to €120,420
of which Furniture and vehicles: +€54,170
- Receivables within one year -€31,563
down €31,563 (-42.0%), from €75,214 to €43,651
of which Other amounts receivable: -€26,370
- Intangible fixed assets +€13,704
new in 2025: €13,704
- Trade debts -€31,240
down €31,240 (-16.1%), from €194,067 to €162,827
- Other debts -€27,865
down €27,865 (-16.0%), from €173,766 to €145,901
- Reserves -€25,045
down €25,045 (-66.6%), from €37,601 to €12,556
of which Distributable reserves: -€25,045
- Provisions +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€18,076
up €18,076 (+73.1%), from €24,729 to €42,805
of which Remuneration and social security: +€10,280
- Gross operating margin +€84,995
up €84,995 (+20.3%), from €419,040 to €504,035
- Staff costs +€70,753
up €70,753 (+31.0%), from €228,205 to €298,958
- Provisions +€25,000
new in 2025: €25,000
- Taxes +€11,043
up €11,043 (+57.4%), from €19,222 to €30,265
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 | €604,945 | €556,535 | -€48,410 | -8.0% |
| Fixed assets | 21/28 | €68,632 | €134,124 | +€65,492 | +95.4% |
| Intangible fixed assets | 21 | - | €13,704 | +€13,704 | |
| Tangible fixed assets | 22/27 | €68,632 | €120,420 | +€51,788 | +75.5% |
| Plant, machinery and equipment | 23 | €9,807 | €7,425 | -€2,382 | -24.3% |
| Furniture and vehicles | 24 | €58,825 | €112,995 | +€54,170 | +92.1% |
| Current assets | 29/58 | €536,313 | €422,411 | -€113,902 | -21.2% |
| Amounts receivable within one year | 40/41 | €75,214 | €43,651 | -€31,563 | -42.0% |
| Trade receivables | 40 | €39,616 | €34,423 | -€5,193 | -13.1% |
| Other amounts receivable | 41 | €35,598 | €9,228 | -€26,370 | -74.1% |
| Current investments | 50/53 | €418,364 | €331,607 | -€86,757 | -20.7% |
| Cash at bank and in hand | 54/58 | €24,058 | €27,569 | +€3,511 | +14.6% |
| Deferred charges and accrued income | 490/1 | €18,677 | €19,584 | +€907 | +4.9% |
| Total equity and liabilities | 10/49 | €604,945 | €556,535 | -€48,410 | -8.0% |
| Equity | 10/15 | €212,383 | €180,002 | -€32,381 | -15.2% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €37,601 | €12,556 | -€25,045 | -66.6% |
| Tax-exempt reserves | 132 | €1,735 | €1,735 | = | 0.0% |
| Distributable reserves | 133 | €35,866 | €10,821 | -€25,045 | -69.8% |
| Profit (loss) carried forward | 14 | €112,382 | €105,046 | -€7,336 | -6.5% |
| Provisions and deferred taxes | 16 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges | 160/5 | - | €25,000 | +€25,000 | |
| Other liabilities and charges | 164/5 | - | €25,000 | +€25,000 | |
| Amounts payable | 17/49 | €392,562 | €351,533 | -€41,029 | -10.5% |
| Amounts payable within one year | 42/48 | €392,562 | €351,533 | -€41,029 | -10.5% |
| Trade debts | 44 | €194,067 | €162,827 | -€31,240 | -16.1% |
| Suppliers | 440/4 | €194,067 | €162,827 | -€31,240 | -16.1% |
| Taxes, remuneration and social security | 45 | €24,729 | €42,805 | +€18,076 | +73.1% |
| Taxes | 450/3 | - | €7,796 | +€7,796 | |
| Remuneration and social security | 454/9 | €24,729 | €35,009 | +€10,280 | +41.6% |
| Other amounts payable | 47/48 | €173,766 | €145,901 | -€27,865 | -16.0% |
| Non-recurring operating income | 76A | €91,067 | €11,349 | -€79,718 | -87.5% |
| Remuneration, social security and pensions | 62 | €228,205 | €298,958 | +€70,753 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,509 | €38,732 | +€223 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €5,789 | €775 | -€5,014 | -86.6% |
| Gross operating margin | 9900 | €419,040 | €504,035 | +€84,995 | +20.3% |
| Operating profit (loss) | 9901 | €146,537 | €140,570 | -€5,967 | -4.1% |
| Financial income | 75/76B | €6,764 | €4,657 | -€2,107 | -31.2% |
| Recurring financial income | 75 | €5,430 | €4,657 | -€773 | -14.2% |
| Non-recurring financial income | 76B | €1,334 | - | -€1,334 | |
| Financial charges | 65/66B | €5,437 | €1,443 | -€3,994 | -73.5% |
| Recurring financial charges | 65 | €3,532 | €1,443 | -€2,089 | -59.1% |
| Non-recurring financial charges | 66B | €1,905 | - | -€1,905 | |
| Profit (loss) for the period before taxes | 9903 | €147,864 | €143,784 | -€4,080 | -2.8% |
| Income taxes | 67/77 | €19,222 | €30,265 | +€11,043 | +57.4% |
| Profit (loss) for the period | 9904 | €128,642 | €113,519 | -€15,123 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €128,642 | €113,519 | -€15,123 | -11.8% |
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 2 October 2026 via checked.be.