GRAAF: 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.
GRAAF
Largest movements
- Receivables after one year -€24,448
no longer reported in 2025 (was €24,448)
- Tangible fixed assets -€7,465
down €7,465 (-79.3%), from €9,413 to €1,948
- Cash -€7,007
down €7,007 (-76.9%), from €9,111 to €2,104
mainly Net result for the year (-€38,901) and Debts after one year (-€10,058)
- Receivables within one year +€3,729
up €3,729 (+152.7%), from €2,443 to €6,172
of which Trade receivables: +€6,171
- Profit (loss) carried forward -€38,901
down €38,901, from €4,745 to -€34,156
- Other debts +€14,021
new in 2025: €14,021
- Debts after one year -€10,058
down €10,058 (-60.4%), from €16,647 to €6,589
- Tax, wage and social debts -€1,951
no longer reported in 2025 (was €1,951)
- Trade debts +€1,698
up €1,698 (+2338.6%), from €73 to €1,770
- Gross operating margin -€8,006
down €8,006 (-39.7%), from -€20,167 to -€28,173
- Taxes -€1,563
down €1,563 (-71.3%), from €2,193 to €630
- Other operating charges -€1,520
down €1,520 (-36.6%), from €4,153 to €2,633
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 | €45,415 | €10,224 | -€35,190 | -77.5% |
| Fixed assets | 21/28 | €9,413 | €1,948 | -€7,465 | -79.3% |
| Tangible fixed assets | 22/27 | €9,413 | €1,948 | -€7,465 | -79.3% |
| Furniture and vehicles | 24 | €9,413 | €1,948 | -€7,465 | -79.3% |
| Current assets | 29/58 | €36,002 | €8,276 | -€27,726 | -77.0% |
| Amounts receivable after more than one year | 29 | €24,448 | - | -€24,448 | |
| Trade receivables | 290 | €24,448 | - | -€24,448 | |
| Amounts receivable within one year | 40/41 | €2,443 | €6,172 | +€3,729 | +152.7% |
| Trade receivables | 40 | - | €6,171 | +€6,171 | |
| Other amounts receivable | 41 | €2,443 | €1 | -€2,442 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,111 | €2,104 | -€7,007 | -76.9% |
| Total equity and liabilities | 10/49 | €45,415 | €10,224 | -€35,190 | -77.5% |
| Equity | 10/15 | €26,745 | -€12,156 | -€38,901 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,745 | -€34,156 | -€38,901 | |
| Amounts payable | 17/49 | €18,670 | €22,381 | +€3,711 | +19.9% |
| Amounts payable after more than one year | 17 | €16,647 | €6,589 | -€10,058 | -60.4% |
| Financial debts | 170/4 | €16,647 | €6,589 | -€10,058 | -60.4% |
| Amounts payable within one year | 42/48 | €2,023 | €15,792 | +€13,768 | +680.5% |
| Trade debts | 44 | €73 | €1,770 | +€1,698 | +2338.6% |
| Suppliers | 440/4 | €73 | €1,770 | +€1,698 | +2338.6% |
| Taxes, remuneration and social security | 45 | €1,951 | - | -€1,951 | |
| Taxes | 450/3 | €1,951 | - | -€1,951 | |
| Other amounts payable | 47/48 | - | €14,021 | +€14,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,463 | €7,465 | +€2 | 0.0% |
| Other operating charges | 640/8 | €4,153 | €2,633 | -€1,520 | -36.6% |
| Gross operating margin | 9900 | -€20,167 | -€28,173 | -€8,006 | -39.7% |
| Operating profit (loss) | 9901 | -€31,783 | -€38,271 | -€6,488 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,783 | -€38,271 | -€6,488 | -20.4% |
| Income taxes | 67/77 | €2,193 | €630 | -€1,563 | -71.3% |
| Profit (loss) for the period | 9904 | -€33,976 | -€38,901 | -€4,925 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,976 | -€38,901 | -€4,925 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.