de grazer: 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.
de grazer
Largest movements
- Receivables within one year -€20,194
down €20,194 (-48.7%), from €41,436 to €21,242
of which Other amounts receivable: -€18,272
- Current investments +€7,295
up €7,295 (+19.0%), from €38,305 to €45,600
- Debts within one year -€35,631
down €35,631 (-28.1%), from €126,898 to €91,267
of which Advances received: -€23,721
- Profit (loss) carried forward +€21,978
up €21,978 (+65.6%), from -€33,524 to -€11,546
- Turnover +€111,567
new in 2025: €111,567
- Gross operating margin +€39,716
up €39,716 (+94.9%), from €41,835 to €81,551
- Purchases and services +€30,269
new in 2025: €30,269
- Staff costs +€8,317
up €8,317 (+16.5%), from €50,525 to €58,842
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,374 | €79,721 | -€13,653 | -14.6% |
| Fixed assets | 21/28 | €832 | €226 | -€606 | -72.8% |
| Tangible fixed assets | 22/27 | €832 | €226 | -€606 | -72.8% |
| Plant, machinery and equipment | 23 | €266 | €0 | -€266 | -100% |
| Other tangible fixed assets | 26 | €566 | €226 | -€340 | -60.1% |
| Current assets | 29/58 | €92,542 | €79,495 | -€13,047 | -14.1% |
| Amounts receivable within one year | 40/41 | €41,436 | €21,242 | -€20,194 | -48.7% |
| Trade receivables | 40 | €19,604 | €17,682 | -€1,922 | -9.8% |
| Other amounts receivable | 41 | €21,832 | €3,560 | -€18,272 | -83.7% |
| Current investments | 50/53 | €38,305 | €45,600 | +€7,295 | +19.0% |
| Deferred charges and accrued income | 490/1 | €12,801 | €12,653 | -€148 | -1.2% |
| Total equity and liabilities | 10/49 | €93,374 | €79,721 | -€13,653 | -14.6% |
| Equity | 10/15 | -€33,524 | -€11,546 | +€21,978 | +65.6% |
| Profit (loss) carried forward | 14 | -€33,524 | -€11,546 | +€21,978 | +65.6% |
| Amounts payable | 17/49 | €126,898 | €91,267 | -€35,631 | -28.1% |
| Amounts payable within one year | 42/48 | €126,898 | €91,267 | -€35,631 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €51,406 | €41,406 | -€10,000 | -19.5% |
| Trade debts | 44 | €3,924 | €7,011 | +€3,087 | +78.7% |
| Suppliers | 440/4 | €3,924 | €7,011 | +€3,087 | +78.7% |
| Advances received on contracts in progress | 46 | €23,721 | - | -€23,721 | |
| Taxes, remuneration and social security | 45 | €2,483 | €10,160 | +€7,677 | +309% |
| Taxes | 450/3 | - | €5,070 | +€5,070 | |
| Remuneration and social security | 454/9 | €2,483 | €5,090 | +€2,607 | +105% |
| Turnover | 70 | - | €111,567 | +€111,567 | |
| Membership fees, donations, legacies and grants | 73 | - | €253 | +€253 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €30,269 | +€30,269 | |
| Remuneration, social security and pensions | 62 | €50,525 | €58,842 | +€8,317 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €605 | = | 0.0% |
| Other operating charges | 640/8 | - | €49 | +€49 | |
| Gross operating margin | 9900 | €41,835 | €81,551 | +€39,716 | +94.9% |
| Operating profit (loss) | 9901 | -€9,295 | €22,055 | +€31,350 | |
| Financial charges | 65/66B | €109 | €77 | -€32 | -29.4% |
| Recurring financial charges | 65 | €109 | €77 | -€32 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,404 | €21,978 | +€31,382 | |
| Profit (loss) for the period | 9904 | -€9,404 | €21,978 | +€31,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,404 | €21,978 | +€31,382 |
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 18 October 2026 via checked.be.