DE GRAAF: 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.
DE GRAAF
Largest movements
- Cash -€18,851
down €18,851 (-58.6%), from €32,167 to €13,316
mainly Contributions, distributions and other (-€73,171) and Other debts (-€40,192)
- Receivables within one year -€12,754
down €12,754 (-47.0%), from €27,109 to €14,355
of which Trade receivables: -€12,754
- Tangible fixed assets -€9,682
down €9,682 (-30.4%), from €31,856 to €22,174
of which Furniture and vehicles: -€10,444
- Deferred charges and accrued income +€4,281
up €4,281 (+488.7%), from €876 to €5,157
- Other debts -€40,192
down €40,192 (-51.8%), from €77,624 to €37,433
- Tax, wage and social debts +€2,080
up €2,080 (+18.9%), from €11,014 to €13,093
- Trade debts +€1,105
up €1,105 (+298.2%), from €371 to €1,476
- Gross operating margin +€1,856
up €1,856 (+1.7%), from €107,622 to €109,478
- Other operating charges -€1,474
down €1,474 (-87.0%), from €1,693 to €220
- Taxes +€1,108
up €1,108 (+4.6%), from €24,070 to €25,178
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 | €92,009 | €55,002 | -€37,007 | -40.2% |
| Fixed assets | 21/28 | €31,856 | €22,174 | -€9,682 | -30.4% |
| Tangible fixed assets | 22/27 | €31,856 | €22,174 | -€9,682 | -30.4% |
| Plant, machinery and equipment | 23 | - | €762 | +€762 | |
| Furniture and vehicles | 24 | €31,856 | €21,412 | -€10,444 | -32.8% |
| Current assets | 29/58 | €60,152 | €32,828 | -€27,325 | -45.4% |
| Amounts receivable within one year | 40/41 | €27,109 | €14,355 | -€12,754 | -47.0% |
| Trade receivables | 40 | €27,109 | €14,355 | -€12,754 | -47.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €32,167 | €13,316 | -€18,851 | -58.6% |
| Deferred charges and accrued income | 490/1 | €876 | €5,157 | +€4,281 | +488.7% |
| Total equity and liabilities | 10/49 | €92,009 | €55,002 | -€37,007 | -40.2% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,009 | €52,002 | -€37,007 | -41.6% |
| Amounts payable within one year | 42/48 | €89,009 | €52,002 | -€37,007 | -41.6% |
| Trade debts | 44 | €371 | €1,476 | +€1,105 | +298.2% |
| Suppliers | 440/4 | €371 | €1,476 | +€1,105 | +298.2% |
| Taxes, remuneration and social security | 45 | €11,014 | €13,093 | +€2,080 | +18.9% |
| Taxes | 450/3 | €11,014 | €13,093 | +€2,080 | +18.9% |
| Other amounts payable | 47/48 | €77,624 | €37,433 | -€40,192 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,444 | €10,785 | +€342 | +3.3% |
| Other operating charges | 640/8 | €1,693 | €220 | -€1,474 | -87.0% |
| Gross operating margin | 9900 | €107,622 | €109,478 | +€1,856 | +1.7% |
| Operating profit (loss) | 9901 | €95,486 | €98,473 | +€2,988 | +3.1% |
| Financial income | 75/76B | €250 | €0 | -€250 | -100.0% |
| Recurring financial income | 75 | €250 | €0 | -€250 | -100.0% |
| Financial charges | 65/66B | €632 | €125 | -€508 | -80.3% |
| Recurring financial charges | 65 | €632 | €125 | -€508 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €95,103 | €98,349 | +€3,246 | +3.4% |
| Income taxes | 67/77 | €24,070 | €25,178 | +€1,108 | +4.6% |
| Profit (loss) for the period | 9904 | €71,033 | €73,171 | +€2,138 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,033 | €73,171 | +€2,138 | +3.0% |
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 6 October 2026 via checked.be.