AGRAPHE: 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.
AGRAPHE
Largest movements
- Tangible fixed assets -€8,938
down €8,938 (-37.7%), from €23,712 to €14,774
of which Land and buildings: -€4,796
- Cash +€2,863
up €2,863 (+8.6%), from €33,172 to €36,035
mainly Other debts (+€16,493) and Depreciation (+€8,938)
- Receivables within one year -€1,401
down €1,401 (-2.3%), from €60,638 to €59,237
of which Trade receivables: -€944
- Other debts +€16,493
up €16,493 (+1013.6%), from €1,627 to €18,121
- Trade debts -€9,039
down €9,039 (-58.1%), from €15,566 to €6,527
- Reserves -€7,952
down €7,952 (-10.4%), from €76,783 to €68,831
of which Distributable reserves: -€7,952
- Tax, wage and social debts -€5,148
down €5,148 (-40.6%), from €12,690 to €7,542
- Current portion of long-term debt -€1,531
no longer reported in 2025 (was €1,531)
- Gross operating margin -€14,738
down €14,738 (-38.9%), from €37,853 to €23,115
- Taxes -€5,231
down €5,231 (-54.8%), from €9,549 to €4,319
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 | €126,789 | €120,462 | -€6,327 | -5.0% |
| Fixed assets | 21/28 | €23,925 | €14,987 | -€8,938 | -37.4% |
| Tangible fixed assets | 22/27 | €23,712 | €14,774 | -€8,938 | -37.7% |
| Land and buildings | 22 | €12,581 | €7,785 | -€4,796 | -38.1% |
| Plant, machinery and equipment | 23 | €3,516 | €2,296 | -€1,221 | -34.7% |
| Furniture and vehicles | 24 | €7,615 | €4,693 | -€2,922 | -38.4% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €102,864 | €105,475 | +€2,611 | +2.5% |
| Stocks and contracts in progress | 3 | €7,657 | €8,145 | +€488 | +6.4% |
| Stocks | 30/36 | €7,657 | €8,145 | +€488 | +6.4% |
| Amounts receivable within one year | 40/41 | €60,638 | €59,237 | -€1,401 | -2.3% |
| Trade receivables | 40 | €42,622 | €41,678 | -€944 | -2.2% |
| Other amounts receivable | 41 | €18,016 | €17,559 | -€457 | -2.5% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,172 | €36,035 | +€2,863 | +8.6% |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,958 | +€661 | +51.0% |
| Total equity and liabilities | 10/49 | €126,789 | €120,462 | -€6,327 | -5.0% |
| Equity | 10/15 | €95,375 | €87,423 | -€7,952 | -8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €76,783 | €68,831 | -€7,952 | -10.4% |
| Tax-exempt reserves | 132 | €5,889 | €5,889 | = | 0.0% |
| Distributable reserves | 133 | €70,894 | €62,942 | -€7,952 | -11.2% |
| Amounts payable | 17/49 | €31,414 | €33,039 | +€1,625 | +5.2% |
| Amounts payable within one year | 42/48 | €31,414 | €32,189 | +€775 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €1,531 | - | -€1,531 | |
| Trade debts | 44 | €15,566 | €6,527 | -€9,039 | -58.1% |
| Suppliers | 440/4 | €15,566 | €6,527 | -€9,039 | -58.1% |
| Taxes, remuneration and social security | 45 | €12,690 | €7,542 | -€5,148 | -40.6% |
| Taxes | 450/3 | €12,690 | €7,542 | -€5,148 | -40.6% |
| Other amounts payable | 47/48 | €1,627 | €18,121 | +€16,493 | +1013.6% |
| Accrued charges and deferred income | 492/3 | - | €850 | +€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,891 | €8,938 | +€47 | +0.5% |
| Other operating charges | 640/8 | €1,521 | €1,720 | +€199 | +13.1% |
| Gross operating margin | 9900 | €37,853 | €23,115 | -€14,738 | -38.9% |
| Operating profit (loss) | 9901 | €27,441 | €12,457 | -€14,984 | -54.6% |
| Financial income | 75/76B | €13 | €30 | +€17 | +134.9% |
| Recurring financial income | 75 | €13 | €30 | +€17 | +134.9% |
| Financial charges | 65/66B | €995 | €1,120 | +€126 | +12.6% |
| Recurring financial charges | 65 | €995 | €1,120 | +€126 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €26,459 | €11,367 | -€15,092 | -57.0% |
| Income taxes | 67/77 | €9,549 | €4,319 | -€5,231 | -54.8% |
| Profit (loss) for the period | 9904 | €16,909 | €7,048 | -€9,861 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,909 | €7,048 | -€9,861 | -58.3% |
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 2 October 2026 via checked.be.