Frank DE GRAVE: 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.
Frank DE GRAVE
Largest movements
- Receivables within one year +€49,207
up €49,207 (+53.5%), from €91,941 to €141,148
of which Trade receivables: +€46,167
- Tangible fixed assets -€6,522
down €6,522 (-9.3%), from €69,773 to €63,251
- Other debts +€60,000
up €60,000 (+5.2%), from €1.1m to €1.2m
- Profit (loss) carried forward -€12,814
down €12,814 (-1.3%), from -€1.0m to -€1.0m
- Tax, wage and social debts -€5,528
down €5,528 (-86.3%), from €6,404 to €876
of which Remuneration and social security: -€5,333
- Gross operating margin +€35,176
up €35,176, from -€27,363 to €7,813
- Staff costs -€29,892
down €29,892 (-72.8%), from €41,048 to €11,157
- Financial income -€477
down €477 (-100%), from €477 to €0
- Financial charges +€339
up €339 (+1,190%), from €29 to €368
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 | €182,286 | €223,860 | +€41,574 | +22.8% |
| Fixed assets | 21/28 | €69,773 | €63,251 | -€6,522 | -9.3% |
| Tangible fixed assets | 22/27 | €69,773 | €63,251 | -€6,522 | -9.3% |
| Land and buildings | 22 | €69,773 | €63,251 | -€6,522 | -9.3% |
| Current assets | 29/58 | €112,513 | €160,609 | +€48,096 | +42.7% |
| Amounts receivable within one year | 40/41 | €91,941 | €141,148 | +€49,207 | +53.5% |
| Trade receivables | 40 | €33,998 | €80,165 | +€46,167 | +136% |
| Other amounts receivable | 41 | €57,943 | €60,983 | +€3,040 | +5.2% |
| Cash at bank and in hand | 54/58 | €18,899 | €17,992 | -€907 | -4.8% |
| Deferred charges and accrued income | 490/1 | €1,673 | €1,469 | -€205 | -12.2% |
| Total equity and liabilities | 10/49 | €182,286 | €223,860 | +€41,574 | +22.8% |
| Equity | 10/15 | -€967,497 | -€980,311 | -€12,814 | -1.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,008,400 | -€1,021,213 | -€12,814 | -1.3% |
| Amounts payable | 17/49 | €1,149,783 | €1,204,170 | +€54,387 | +4.7% |
| Amounts payable within one year | 42/48 | €1,149,783 | €1,204,170 | +€54,387 | +4.7% |
| Trade debts | 44 | €144 | €60 | -€85 | -58.8% |
| Suppliers | 440/4 | €144 | €60 | -€85 | -58.8% |
| Taxes, remuneration and social security | 45 | €6,404 | €876 | -€5,528 | -86.3% |
| Taxes | 450/3 | €195 | €0 | -€195 | -100% |
| Remuneration and social security | 454/9 | €6,209 | €876 | -€5,333 | -85.9% |
| Other amounts payable | 47/48 | €1,143,235 | €1,203,235 | +€60,000 | +5.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €41,048 | €11,157 | -€29,892 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,522 | €6,522 | = | 0.0% |
| Other operating charges | 640/8 | €2,316 | €2,580 | +€265 | +11.4% |
| Gross operating margin | 9900 | -€27,363 | €7,813 | +€35,176 | |
| Operating profit (loss) | 9901 | -€77,249 | -€12,446 | +€64,803 | +83.9% |
| Financial income | 75/76B | €477 | €0 | -€477 | -100% |
| Recurring financial income | 75 | €477 | €0 | -€477 | -100% |
| Financial charges | 65/66B | €29 | €368 | +€339 | +1,190% |
| Recurring financial charges | 65 | €29 | €368 | +€339 | +1,190% |
| Profit (loss) for the period before taxes | 9903 | -€76,801 | -€12,814 | +€63,987 | +83.3% |
| Profit (loss) for the period | 9904 | -€76,801 | -€12,814 | +€63,987 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,801 | -€12,814 | +€63,987 | +83.3% |
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 30 October 2026 via checked.be.