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.
GRANDFILS SRL
Largest movements
- Cash -€42,351
down €42,351 (-55.9%), from €75,715 to €33,365
mainly Other debts (-€40,889) and Debts after one year (-€23,531)
- Deferred charges and accrued income +€21,088
up €21,088 (+145.7%), from €14,475 to €35,562
- Tangible fixed assets -€21,013
down €21,013 (-22.6%), from €92,836 to €71,823
of which Furniture and vehicles: -€21,771
- Current investments +€4,800
up €4,800 (+66.7%), from €7,200 to €12,000
- Other debts -€40,889
down €40,889 (-67.5%), from €60,579 to €19,690
- Reserves +€26,903
up €26,903 (+58.2%), from €46,216 to €73,119
- Debts after one year -€23,531
down €23,531 (-49.3%), from €47,685 to €24,154
- Write-downs -€22,584
no longer reported in 2024 (was €22,584)
- Gross operating margin +€12,886
up €12,886 (+24.8%), from €52,015 to €64,902
- Taxes +€8,637
up €8,637 (+432.2%), from €1,999 to €10,636
- Depreciation +€5,330
up €5,330 (+31.6%), from €16,866 to €22,195
- Other operating charges -€5,279
down €5,279 (-76.2%), from €6,924 to €1,645
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,526 | €162,471 | -€36,055 | -18.2% |
| Fixed assets | 21/28 | €93,136 | €72,123 | -€21,013 | -22.6% |
| Tangible fixed assets | 22/27 | €92,836 | €71,823 | -€21,013 | -22.6% |
| Plant, machinery and equipment | 23 | €1,207 | €1,965 | +€757 | +62.7% |
| Furniture and vehicles | 24 | €91,629 | €69,858 | -€21,771 | -23.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €105,390 | €90,348 | -€15,042 | -14.3% |
| Amounts receivable within one year | 40/41 | €8,000 | €9,421 | +€1,421 | +17.8% |
| Other amounts receivable | 41 | €8,000 | €9,421 | +€1,421 | +17.8% |
| Current investments | 50/53 | €7,200 | €12,000 | +€4,800 | +66.7% |
| Cash at bank and in hand | 54/58 | €75,715 | €33,365 | -€42,351 | -55.9% |
| Deferred charges and accrued income | 490/1 | €14,475 | €35,562 | +€21,088 | +145.7% |
| Total equity and liabilities | 10/49 | €198,526 | €162,471 | -€36,055 | -18.2% |
| Equity | 10/15 | €65,272 | €91,719 | +€26,447 | +40.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,216 | €73,119 | +€26,903 | +58.2% |
| Distributable reserves | 133 | €46,216 | €73,119 | +€26,903 | +58.2% |
| Profit (loss) carried forward | 14 | €456 | - | -€456 | |
| Amounts payable | 17/49 | €133,254 | €70,752 | -€62,502 | -46.9% |
| Amounts payable after more than one year | 17 | €47,685 | €24,154 | -€23,531 | -49.3% |
| Financial debts | 170/4 | €47,685 | €24,154 | -€23,531 | -49.3% |
| Amounts payable within one year | 42/48 | €85,569 | €46,598 | -€38,971 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €22,920 | €23,531 | +€610 | +2.7% |
| Trade debts | 44 | €1,305 | €2,477 | +€1,172 | +89.8% |
| Suppliers | 440/4 | €1,305 | €2,477 | +€1,172 | +89.8% |
| Taxes, remuneration and social security | 45 | €765 | €900 | +€135 | +17.6% |
| Taxes | 450/3 | €765 | €900 | +€135 | +17.6% |
| Other amounts payable | 47/48 | €60,579 | €19,690 | -€40,889 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,866 | €22,195 | +€5,330 | +31.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,584 | - | -€22,584 | |
| Other operating charges | 640/8 | €6,924 | €1,645 | -€5,279 | -76.2% |
| Gross operating margin | 9900 | €52,015 | €64,902 | +€12,886 | +24.8% |
| Operating profit (loss) | 9901 | €5,641 | €41,062 | +€35,420 | +627.9% |
| Financial income | 75/76B | €3 | €189 | +€185 | +5379.7% |
| Recurring financial income | 75 | €3 | €189 | +€185 | +5379.7% |
| Financial charges | 65/66B | €1,862 | €2,168 | +€306 | +16.5% |
| Recurring financial charges | 65 | €1,862 | €2,168 | +€306 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €3,783 | €39,082 | +€35,299 | +933.0% |
| Income taxes | 67/77 | €1,999 | €10,636 | +€8,637 | +432.2% |
| Profit (loss) for the period | 9904 | €1,785 | €28,447 | +€26,662 | +1493.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,785 | €28,447 | +€26,662 | +1493.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.