AS Graphics: 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.
AS Graphics
Largest movements
- Deferred charges and accrued income +€9,558
up €9,558 (+1,970%), from €485 to €10,043
- Receivables within one year -€6,628
down €6,628 (-36.3%), from €18,246 to €11,618
of which Other amounts receivable: -€6,014
- Cash +€2,681
up €2,681 (+19.7%), from €13,578 to €16,259
mainly Receivables within one year (+€6,628) and Net result for the year (+€6,020)
- Reserves +€5,330
up €5,330 (+578%), from €922 to €6,252
- Tax, wage and social debts -€4,227
down €4,227 (-33.8%), from €12,500 to €8,274
- Short-term financial debts +€2,346
new in 2025: €2,346
- Trade debts +€1,248
up €1,248 (+128%), from €978 to €2,225
- Profit (loss) carried forward +€690
up €690, from -€690 to €0
- Gross operating margin -€8,297
down €8,297 (-41.4%), from €20,054 to €11,757
- Taxes -€2,368
down €2,368 (-44.0%), from €5,377 to €3,009
- Financial charges +€714
up €714 (+396%), from €180 to €894
- Other operating charges +€589
up €589 (+47.4%), from €1,244 to €1,833
- Financial income -€254
down €254 (-100%), from €254 to €0
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 | €32,310 | €37,920 | +€5,611 | +17.4% |
| Current assets | 29/58 | €32,310 | €37,920 | +€5,611 | +17.4% |
| Amounts receivable within one year | 40/41 | €18,246 | €11,618 | -€6,628 | -36.3% |
| Trade receivables | 40 | €10,743 | €10,129 | -€614 | -5.7% |
| Other amounts receivable | 41 | €7,503 | €1,489 | -€6,014 | -80.2% |
| Cash at bank and in hand | 54/58 | €13,578 | €16,259 | +€2,681 | +19.7% |
| Deferred charges and accrued income | 490/1 | €485 | €10,043 | +€9,558 | +1,970% |
| Total equity and liabilities | 10/49 | €32,310 | €37,920 | +€5,611 | +17.4% |
| Equity | 10/15 | €18,832 | €24,852 | +€6,020 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €922 | €6,252 | +€5,330 | +578% |
| Distributable reserves | 133 | €922 | €6,252 | +€5,330 | +578% |
| Profit (loss) carried forward | 14 | -€690 | €0 | +€690 | |
| Amounts payable | 17/49 | €13,478 | €13,068 | -€410 | -3.0% |
| Amounts payable within one year | 42/48 | €13,478 | €13,068 | -€410 | -3.0% |
| Financial debts | 43 | - | €2,346 | +€2,346 | |
| Credit institutions | 430/8 | - | €2,346 | +€2,346 | |
| Trade debts | 44 | €978 | €2,225 | +€1,248 | +128% |
| Suppliers | 440/4 | €978 | €2,225 | +€1,248 | +128% |
| Taxes, remuneration and social security | 45 | €12,500 | €8,274 | -€4,227 | -33.8% |
| Taxes | 450/3 | €12,500 | €8,274 | -€4,227 | -33.8% |
| Other amounts payable | 47/48 | €0 | €224 | +€224 | |
| Non-recurring operating income | 76A | - | €1,575 | +€1,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,244 | €1,833 | +€589 | +47.4% |
| Gross operating margin | 9900 | €20,054 | €11,757 | -€8,297 | -41.4% |
| Operating profit (loss) | 9901 | €18,810 | €9,924 | -€8,886 | -47.2% |
| Financial income | 75/76B | €254 | €0 | -€254 | -100% |
| Recurring financial income | 75 | €254 | €0 | -€254 | -100% |
| Financial charges | 65/66B | €180 | €894 | +€714 | +396% |
| Recurring financial charges | 65 | €180 | €894 | +€714 | +396% |
| Profit (loss) for the period before taxes | 9903 | €18,884 | €9,029 | -€9,855 | -52.2% |
| Income taxes | 67/77 | €5,377 | €3,009 | -€2,368 | -44.0% |
| Profit (loss) for the period | 9904 | €13,507 | €6,020 | -€7,486 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,507 | €6,020 | -€7,486 | -55.4% |
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 16 October 2026 via checked.be.