E-GRAFX: 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.
E-GRAFX
Largest movements
- Tangible fixed assets -€12,011
down €12,011 (-22.9%), from €52,526 to €40,515
of which Furniture and vehicles: -€13,990
- Current investments -€9,800
down €9,800 (-31.5%), from €31,122 to €21,322
- Receivables within one year +€9,366
up €9,366 (+103.0%), from €9,094 to €18,460
of which Other amounts receivable: +€8,489
- Cash -€5,821
down €5,821 (-73.0%), from €7,973 to €2,151
mainly Debts after one year (-€12,553) and Receivables within one year (-€9,366)
- Debts after one year -€12,553
down €12,553 (-62.8%), from €20,003 to €7,450
- Other debts -€5,282
down €5,282 (-96.0%), from €5,505 to €223
- Tax, wage and social debts +€4,534
up €4,534 (+470.6%), from €964 to €5,498
- Trade debts -€3,470
down €3,470 (-78.2%), from €4,438 to €968
- Reserves -€1,860
down €1,860 (-3.5%), from €52,561 to €50,701
- Gross operating margin -€13,473
down €13,473 (-42.0%), from €32,073 to €18,600
- Taxes -€3,921
down €3,921 (-93.8%), from €4,180 to €260
- Depreciation +€3,447
up €3,447 (+22.0%), from €15,656 to €19,103
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 | €101,952 | €83,510 | -€18,442 | -18.1% |
| Fixed assets | 21/28 | €52,526 | €40,515 | -€12,011 | -22.9% |
| Tangible fixed assets | 22/27 | €52,526 | €40,515 | -€12,011 | -22.9% |
| Furniture and vehicles | 24 | €36,486 | €22,496 | -€13,990 | -38.3% |
| Other tangible fixed assets | 26 | €16,039 | €18,019 | +€1,979 | +12.3% |
| Current assets | 29/58 | €49,426 | €42,995 | -€6,431 | -13.0% |
| Amounts receivable within one year | 40/41 | €9,094 | €18,460 | +€9,366 | +103.0% |
| Trade receivables | 40 | €8,774 | €9,651 | +€877 | +10.0% |
| Other amounts receivable | 41 | €320 | €8,809 | +€8,489 | +2655.1% |
| Current investments | 50/53 | €31,122 | €21,322 | -€9,800 | -31.5% |
| Cash at bank and in hand | 54/58 | €7,973 | €2,151 | -€5,821 | -73.0% |
| Deferred charges and accrued income | 490/1 | €1,237 | €1,062 | -€176 | -14.2% |
| Total equity and liabilities | 10/49 | €101,952 | €83,510 | -€18,442 | -18.1% |
| Equity | 10/15 | €58,761 | €56,818 | -€1,942 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,561 | €50,701 | -€1,860 | -3.5% |
| Distributable reserves | 133 | €52,561 | €50,701 | -€1,860 | -3.5% |
| Profit (loss) carried forward | 14 | - | -€82 | -€82 | |
| Amounts payable | 17/49 | €43,191 | €26,692 | -€16,500 | -38.2% |
| Amounts payable after more than one year | 17 | €20,003 | €7,450 | -€12,553 | -62.8% |
| Financial debts | 170/4 | €20,003 | €7,450 | -€12,553 | -62.8% |
| Amounts payable within one year | 42/48 | €23,188 | €19,241 | -€3,947 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €12,281 | €12,553 | +€272 | +2.2% |
| Trade debts | 44 | €4,438 | €968 | -€3,470 | -78.2% |
| Suppliers | 440/4 | €4,438 | €968 | -€3,470 | -78.2% |
| Taxes, remuneration and social security | 45 | €964 | €5,498 | +€4,534 | +470.6% |
| Taxes | 450/3 | €964 | €5,498 | +€4,534 | +470.6% |
| Other amounts payable | 47/48 | €5,505 | €223 | -€5,282 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,656 | €19,103 | +€3,447 | +22.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €32,073 | €18,600 | -€13,473 | -42.0% |
| Operating profit (loss) | 9901 | €15,912 | -€1,022 | -€16,934 | |
| Financial charges | 65/66B | €931 | €660 | -€271 | -29.1% |
| Recurring financial charges | 65 | €931 | €660 | -€271 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €14,980 | -€1,683 | -€16,663 | |
| Income taxes | 67/77 | €4,180 | €260 | -€3,921 | -93.8% |
| Profit (loss) for the period | 9904 | €10,800 | -€1,942 | -€12,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,800 | -€1,942 | -€12,742 |
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 4 October 2026 via checked.be.