BELGIAN GRAPHIC INTERFACE: 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.
BELGIAN GRAPHIC INTERFACE
Largest movements
- Cash -€72,520
down €72,520 (-72.4%), from €100,127 to €27,607
mainly Debts after one year (-€168,132) and Receivables within one year (-€15,040)
- Tangible fixed assets -€25,973
down €25,973 (-4.0%), from €657,417 to €631,443
of which Land and buildings: -€24,351
- Receivables within one year +€15,040
up €15,040 (+862%), from €1,745 to €16,785
- Debts after one year -€168,132
down €168,132 (-68.5%), from €245,495 to €77,363
of which Financial debts: -€120,132
- Profit (loss) carried forward +€45,929
up €45,929, from -€19,715 to €26,214
- Current portion of long-term debt +€25,566
new in 2025: €25,566
- Trade debts +€12,583
up €12,583 (+240%), from €5,234 to €17,817
- Gross operating margin -€5,539
down €5,539 (-5.9%), from €93,183 to €87,643
- Taxes +€1,680
up €1,680 (+1,204%), from €140 to €1,820
- Other operating charges +€1,434
up €1,434 (+370%), from €388 to €1,822
- Depreciation +€1,127
up €1,127 (+3.1%), from €36,605 to €37,732
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 | €776,397 | €693,034 | -€83,363 | -10.7% |
| Fixed assets | 21/28 | €673,946 | €648,048 | -€25,898 | -3.8% |
| Intangible fixed assets | 21 | €1,404 | €1,479 | +€76 | +5.4% |
| Tangible fixed assets | 22/27 | €657,417 | €631,443 | -€25,973 | -4.0% |
| Land and buildings | 22 | €652,113 | €627,762 | -€24,351 | -3.7% |
| Furniture and vehicles | 24 | €5,304 | €3,681 | -€1,623 | -30.6% |
| Financial fixed assets | 28 | €15,125 | €15,125 | = | 0.0% |
| Current assets | 29/58 | €102,451 | €44,986 | -€57,465 | -56.1% |
| Amounts receivable within one year | 40/41 | €1,745 | €16,785 | +€15,040 | +862% |
| Trade receivables | 40 | €1,745 | €16,785 | +€15,040 | +862% |
| Cash at bank and in hand | 54/58 | €100,127 | €27,607 | -€72,520 | -72.4% |
| Deferred charges and accrued income | 490/1 | €579 | €595 | +€16 | +2.7% |
| Total equity and liabilities | 10/49 | €776,397 | €693,034 | -€83,363 | -10.7% |
| Equity | 10/15 | €510,848 | €556,777 | +€45,929 | +9.0% |
| Contributions | 10/11 | €62,563 | €62,563 | = | 0.0% |
| Capital | 10 | €62,563 | €62,563 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Uncalled capital | 101 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €468,000 | €468,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €451,000 | €451,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,715 | €26,214 | +€45,929 | |
| Provisions and deferred taxes | 16 | €588 | €588 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €588 | €588 | = | 0.0% |
| Pensions and similar obligations | 160 | €588 | €588 | = | 0.0% |
| Amounts payable | 17/49 | €264,961 | €135,669 | -€129,292 | -48.8% |
| Amounts payable after more than one year | 17 | €245,495 | €77,363 | -€168,132 | -68.5% |
| Financial debts | 170/4 | €162,757 | €42,625 | -€120,132 | -73.8% |
| Trade debts | 175 | €82,738 | €34,738 | -€48,000 | -58.0% |
| Amounts payable within one year | 42/48 | €19,465 | €58,306 | +€38,841 | +200% |
| Current portion of amounts payable after more than one year | 42 | - | €25,566 | +€25,566 | |
| Trade debts | 44 | €5,234 | €17,817 | +€12,583 | +240% |
| Suppliers | 440/4 | €5,234 | €17,817 | +€12,583 | +240% |
| Taxes, remuneration and social security | 45 | €3,932 | €7,076 | +€3,144 | +80.0% |
| Taxes | 450/3 | €3,932 | €7,076 | +€3,144 | +80.0% |
| Other amounts payable | 47/48 | €10,299 | €7,847 | -€2,453 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,605 | €37,732 | +€1,127 | +3.1% |
| Other operating charges | 640/8 | €388 | €1,822 | +€1,434 | +370% |
| Non-recurring operating charges | 66A | - | €47 | +€47 | |
| Gross operating margin | 9900 | €93,183 | €87,643 | -€5,539 | -5.9% |
| Operating profit (loss) | 9901 | €56,190 | €48,043 | -€8,147 | -14.5% |
| Financial income | 75/76B | - | €746 | +€746 | |
| Recurring financial income | 75 | - | €746 | +€746 | |
| Financial charges | 65/66B | €1,448 | €1,041 | -€407 | -28.1% |
| Recurring financial charges | 65 | €1,448 | €1,041 | -€407 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €54,742 | €47,749 | -€6,993 | -12.8% |
| Income taxes | 67/77 | €140 | €1,820 | +€1,680 | +1,204% |
| Profit (loss) for the period | 9904 | €54,603 | €45,929 | -€8,674 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,603 | €45,929 | -€8,674 | -15.9% |
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 14 October 2026 via checked.be.