Agraphyt: 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.
Agraphyt
Largest movements
- Receivables within one year -€34,578
down €34,578 (-29.7%), from €116,514 to €81,936
of which Trade receivables: -€30,702
- Stocks and contracts +€27,301
up €27,301 (+92.4%), from €29,562 to €56,862
- Cash -€21,312
down €21,312 (-94.7%), from €22,496 to €1,184
mainly Investment in fixed assets (net) (-€28,642) and Stocks and contracts (-€27,301)
- Intangible fixed assets +€18,703
up €18,703 (+43.0%), from €43,474 to €62,177
- Deferred charges and accrued income +€15,106
up €15,106 (+455.0%), from €3,320 to €18,426
- Profit (loss) carried forward +€6,950
up €6,950 (+14.2%), from -€49,073 to -€42,123
- Current portion of long-term debt +€5,000
new in 2025: €5,000
- Gross operating margin -€10,299
down €10,299 (-29.1%), from €35,355 to €25,056
- Depreciation -€3,017
down €3,017 (-29.9%), from €10,078 to €7,061
- Other operating charges +€1,068
up €1,068 (+31.0%), from €3,446 to €4,514
- Financial charges -€730
down €730 (-20.1%), from €3,636 to €2,905
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 | €222,801 | €230,899 | +€8,098 | +3.6% |
| Fixed assets | 21/28 | €50,909 | €72,490 | +€21,582 | +42.4% |
| Intangible fixed assets | 21 | €43,474 | €62,177 | +€18,703 | +43.0% |
| Tangible fixed assets | 22/27 | €7,435 | €10,313 | +€2,878 | +38.7% |
| Land and buildings | 22 | €1,947 | €1,387 | -€560 | -28.8% |
| Plant, machinery and equipment | 23 | €4,334 | €2,831 | -€1,503 | -34.7% |
| Furniture and vehicles | 24 | €352 | €5,294 | +€4,942 | +1404.3% |
| Other tangible fixed assets | 26 | €802 | €802 | = | 0.0% |
| Current assets | 29/58 | €171,892 | €158,409 | -€13,483 | -7.8% |
| Stocks and contracts in progress | 3 | €29,562 | €56,862 | +€27,301 | +92.4% |
| Stocks | 30/36 | €29,562 | €56,862 | +€27,301 | +92.4% |
| Amounts receivable within one year | 40/41 | €116,514 | €81,936 | -€34,578 | -29.7% |
| Trade receivables | 40 | €61,249 | €30,547 | -€30,702 | -50.1% |
| Other amounts receivable | 41 | €55,265 | €51,390 | -€3,876 | -7.0% |
| Cash at bank and in hand | 54/58 | €22,496 | €1,184 | -€21,312 | -94.7% |
| Deferred charges and accrued income | 490/1 | €3,320 | €18,426 | +€15,106 | +455.0% |
| Total equity and liabilities | 10/49 | €222,801 | €230,899 | +€8,098 | +3.6% |
| Equity | 10/15 | €215,236 | €222,186 | +€6,950 | +3.2% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €2,309 | €2,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,309 | €2,309 | = | 0.0% |
| Legal reserve | 130 | €2,309 | €2,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,073 | -€42,123 | +€6,950 | +14.2% |
| Amounts payable | 17/49 | €7,565 | €8,713 | +€1,148 | +15.2% |
| Amounts payable within one year | 42/48 | €7,565 | €8,713 | +€1,148 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €4,301 | €2,580 | -€1,721 | -40.0% |
| Suppliers | 440/4 | €4,301 | €2,580 | -€1,721 | -40.0% |
| Taxes, remuneration and social security | 45 | €2,344 | €1,133 | -€1,211 | -51.7% |
| Taxes | 450/3 | €2,344 | €1,133 | -€1,211 | -51.7% |
| Other amounts payable | 47/48 | €920 | - | -€920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,078 | €7,061 | -€3,017 | -29.9% |
| Other operating charges | 640/8 | €3,446 | €4,514 | +€1,068 | +31.0% |
| Gross operating margin | 9900 | €35,355 | €25,056 | -€10,299 | -29.1% |
| Operating profit (loss) | 9901 | €21,831 | €13,481 | -€8,350 | -38.2% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €3,636 | €2,905 | -€730 | -20.1% |
| Recurring financial charges | 65 | €3,636 | €2,905 | -€730 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €18,202 | €10,575 | -€7,627 | -41.9% |
| Income taxes | 67/77 | €3,503 | €3,625 | +€122 | +3.5% |
| Profit (loss) for the period | 9904 | €14,699 | €6,950 | -€7,749 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,699 | €6,950 | -€7,749 | -52.7% |
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 7 October 2026 via checked.be.