GIRAPHIX: 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.
GIRAPHIX
Largest movements
- Receivables within one year +€85,366
up €85,366 (+55.5%), from €153,756 to €239,122
of which Trade receivables: +€58,343
- Tangible fixed assets -€31,414
down €31,414 (-8.2%), from €382,321 to €350,906
of which Land and buildings: -€26,463
- Cash -€16,382
down €16,382 (-99.3%), from €16,502 to €120
mainly Receivables within one year (-€85,366) and Debts after one year (-€56,841)
- Reserves +€59,786
up €59,786 (+30.3%), from €197,473 to €257,259
- Debts after one year -€56,841
down €56,841 (-26.6%), from €213,759 to €156,918
- Short-term financial debts +€27,099
up €27,099 (+427%), from €6,342 to €33,441
- Trade debts +€23,166
up €23,166 (+88.9%), from €26,072 to €49,238
- Tax, wage and social debts -€22,175
down €22,175 (-41.3%), from €53,650 to €31,475
of which Taxes: -€20,543
- Gross operating margin +€33,995
up €33,995 (+12.1%), from €280,964 to €314,959
- Taxes +€11,396
up €11,396 (+60.6%), from €18,815 to €30,210
- Other operating charges -€9,329
down €9,329 (-79.0%), from €11,813 to €2,484
- Depreciation +€5,915
up €5,915 (+9.2%), from €63,949 to €69,863
- Staff costs -€4,515
down €4,515 (-3.3%), from €134,880 to €130,365
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 | €612,578 | €652,689 | +€40,110 | +6.5% |
| Fixed assets | 21/28 | €382,321 | €350,906 | -€31,414 | -8.2% |
| Tangible fixed assets | 22/27 | €382,321 | €350,906 | -€31,414 | -8.2% |
| Land and buildings | 22 | €239,906 | €213,443 | -€26,463 | -11.0% |
| Furniture and vehicles | 24 | €142,414 | €137,463 | -€4,951 | -3.5% |
| Current assets | 29/58 | €230,258 | €301,783 | +€71,525 | +31.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,756 | €239,122 | +€85,366 | +55.5% |
| Trade receivables | 40 | €50,343 | €108,687 | +€58,343 | +116% |
| Other amounts receivable | 41 | €103,413 | €130,435 | +€27,023 | +26.1% |
| Cash at bank and in hand | 54/58 | €16,502 | €120 | -€16,382 | -99.3% |
| Deferred charges and accrued income | 490/1 | - | €2,540 | +€2,540 | |
| Total equity and liabilities | 10/49 | €612,578 | €652,689 | +€40,110 | +6.5% |
| Equity | 10/15 | €216,023 | €275,809 | +€59,786 | +27.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €197,473 | €257,259 | +€59,786 | +30.3% |
| Distributable reserves | 133 | €197,473 | €257,259 | +€59,786 | +30.3% |
| Amounts payable | 17/49 | €396,555 | €376,880 | -€19,675 | -5.0% |
| Amounts payable after more than one year | 17 | €213,759 | €156,918 | -€56,841 | -26.6% |
| Financial debts | 170/4 | €213,759 | €156,918 | -€56,841 | -26.6% |
| Amounts payable within one year | 42/48 | €182,796 | €219,962 | +€37,166 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €84,732 | €93,808 | +€9,076 | +10.7% |
| Financial debts | 43 | €6,342 | €33,441 | +€27,099 | +427% |
| Credit institutions | 430/8 | €6,342 | €33,441 | +€27,099 | +427% |
| Trade debts | 44 | €26,072 | €49,238 | +€23,166 | +88.9% |
| Suppliers | 440/4 | €26,072 | €49,238 | +€23,166 | +88.9% |
| Taxes, remuneration and social security | 45 | €53,650 | €31,475 | -€22,175 | -41.3% |
| Taxes | 450/3 | €38,759 | €18,216 | -€20,543 | -53.0% |
| Remuneration and social security | 454/9 | €14,891 | €13,259 | -€1,632 | -11.0% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €134,880 | €130,365 | -€4,515 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,949 | €69,863 | +€5,915 | +9.2% |
| Other operating charges | 640/8 | €11,813 | €2,484 | -€9,329 | -79.0% |
| Gross operating margin | 9900 | €280,964 | €314,959 | +€33,995 | +12.1% |
| Operating profit (loss) | 9901 | €70,323 | €112,248 | +€41,925 | +59.6% |
| Financial income | 75/76B | €5,485 | €6,100 | +€615 | +11.2% |
| Recurring financial income | 75 | €5,485 | €6,100 | +€615 | +11.2% |
| Financial charges | 65/66B | €14,830 | €16,351 | +€1,521 | +10.3% |
| Recurring financial charges | 65 | €14,830 | €16,351 | +€1,521 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €60,978 | €101,996 | +€41,018 | +67.3% |
| Income taxes | 67/77 | €18,815 | €30,210 | +€11,396 | +60.6% |
| Profit (loss) for the period | 9904 | €42,163 | €71,786 | +€29,622 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,163 | €71,786 | +€29,622 | +70.3% |
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 20 October 2026 via checked.be.