Giraphe: 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.
Giraphe
Largest movements
- Tangible fixed assets -€18,782
down €18,782 (-20.9%), from €89,676 to €70,895
of which Other tangible fixed assets: -€14,626
- Cash +€16,695
up €16,695 (+33.3%), from €50,067 to €66,762
mainly Depreciation (+€24,725) and Stocks and contracts (+€13,336)
- Stocks and contracts -€13,336
down €13,336 (-37.3%), from €35,751 to €22,416
- Receivables within one year +€5,687
up €5,687 (+31.0%), from €18,324 to €24,011
of which Trade receivables: +€7,523
- Debts after one year -€15,030
down €15,030 (-34.4%), from €43,742 to €28,712
- Contributions -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Profit (loss) carried forward +€10,014
up €10,014 (+77.3%), from -€12,946 to -€2,932
- Tax, wage and social debts +€5,909
up €5,909 (+27.8%), from €21,282 to €27,191
of which Taxes: +€4,110
- Trade debts +€5,772
up €5,772 (+5.1%), from €114,099 to €119,870
- Gross operating margin +€10,674
up €10,674 (+6.7%), from €159,068 to €169,742
- Staff costs +€8,818
up €8,818 (+7.4%), from €118,832 to €127,649
- Taxes +€4,110
up €4,110 (+3,233%), from €127 to €4,237
- Financial charges -€3,305
down €3,305 (-61.7%), from €5,359 to €2,054
of which Financial charges: -€3,214
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 | €221,777 | €211,563 | -€10,215 | -4.6% |
| Fixed assets | 21/28 | €89,676 | €70,895 | -€18,782 | -20.9% |
| Tangible fixed assets | 22/27 | €89,676 | €70,895 | -€18,782 | -20.9% |
| Plant, machinery and equipment | 23 | - | €3,671 | +€3,671 | |
| Furniture and vehicles | 24 | €23,332 | €15,506 | -€7,826 | -33.5% |
| Other tangible fixed assets | 26 | €66,344 | €51,718 | -€14,626 | -22.0% |
| Current assets | 29/58 | €132,101 | €140,668 | +€8,567 | +6.5% |
| Amounts receivable after more than one year | 29 | €19,500 | €19,500 | = | 0.0% |
| Trade receivables | 290 | €19,500 | €4,500 | -€15,000 | -76.9% |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Stocks and contracts in progress | 3 | €35,751 | €22,416 | -€13,336 | -37.3% |
| Stocks | 30/36 | €35,751 | €22,416 | -€13,336 | -37.3% |
| Amounts receivable within one year | 40/41 | €18,324 | €24,011 | +€5,687 | +31.0% |
| Trade receivables | 40 | €14,930 | €22,453 | +€7,523 | +50.4% |
| Other amounts receivable | 41 | €3,394 | €1,557 | -€1,836 | -54.1% |
| Cash at bank and in hand | 54/58 | €50,067 | €66,762 | +€16,695 | +33.3% |
| Deferred charges and accrued income | 490/1 | €8,459 | €7,980 | -€479 | -5.7% |
| Total equity and liabilities | 10/49 | €221,777 | €211,563 | -€10,215 | -4.6% |
| Equity | 10/15 | €17,054 | €12,068 | -€4,986 | -29.2% |
| Contributions | 10/11 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Profit (loss) carried forward | 14 | -€12,946 | -€2,932 | +€10,014 | +77.3% |
| Amounts payable | 17/49 | €204,724 | €199,495 | -€5,229 | -2.6% |
| Amounts payable after more than one year | 17 | €43,742 | €28,712 | -€15,030 | -34.4% |
| Financial debts | 170/4 | €43,742 | €28,712 | -€15,030 | -34.4% |
| Amounts payable within one year | 42/48 | €160,982 | €170,783 | +€9,801 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €14,772 | €15,030 | +€258 | +1.7% |
| Trade debts | 44 | €114,099 | €119,870 | +€5,772 | +5.1% |
| Suppliers | 440/4 | €114,099 | €119,870 | +€5,772 | +5.1% |
| Taxes, remuneration and social security | 45 | €21,282 | €27,191 | +€5,909 | +27.8% |
| Taxes | 450/3 | €127 | €4,237 | +€4,110 | +3,233% |
| Remuneration and social security | 454/9 | €21,155 | €22,954 | +€1,799 | +8.5% |
| Other amounts payable | 47/48 | €10,829 | €8,692 | -€2,137 | -19.7% |
| Remuneration, social security and pensions | 62 | €118,832 | €127,649 | +€8,818 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,258 | €24,725 | -€533 | -2.1% |
| Other operating charges | 640/8 | €1,240 | €1,392 | +€152 | +12.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €159,068 | €169,742 | +€10,674 | +6.7% |
| Operating profit (loss) | 9901 | €13,738 | €15,975 | +€2,237 | +16.3% |
| Financial income | 75/76B | €532 | €330 | -€202 | -38.0% |
| Recurring financial income | 75 | €532 | €330 | -€202 | -38.0% |
| Financial charges | 65/66B | €5,359 | €2,054 | -€3,305 | -61.7% |
| Recurring financial charges | 65 | €5,269 | €2,054 | -€3,214 | -61.0% |
| Non-recurring financial charges | 66B | €91 | - | -€91 | |
| Profit (loss) for the period before taxes | 9903 | €8,912 | €14,251 | +€5,339 | +59.9% |
| Income taxes | 67/77 | €127 | €4,237 | +€4,110 | +3,233% |
| Profit (loss) for the period | 9904 | €8,784 | €10,014 | +€1,229 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,784 | €10,014 | +€1,229 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.