GRAAF LODEWIJK: 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.
GRAAF LODEWIJK
Largest movements
- Receivables within one year -€16,994
down €16,994 (-58.9%), from €28,831 to €11,837
of which Trade receivables: -€16,994
- Current investments +€11,703
up €11,703 (+103%), from €11,340 to €23,043
- Tangible fixed assets -€11,681
down €11,681 (-29.3%), from €39,833 to €28,152
of which Furniture and vehicles: -€10,824
- Cash -€1,534
down €1,534 (-65.3%), from €2,351 to €817
mainly Other debts (-€16,161) and Current investments (-€11,703)
- Other debts -€16,161
down €16,161 (-41.0%), from €39,427 to €23,266
- Current portion of long-term debt -€2,553
down €2,553 (-74.4%), from €3,434 to €880
- Tax, wage and social debts +€2,063
up €2,063 (+320%), from €645 to €2,708
- Trade debts -€1,611
down €1,611 (-44.3%), from €3,635 to €2,025
- Debts after one year -€880
no longer reported in 2025 (was €880)
- Financial charges +€13,112
up €13,112 (+1,287%), from €1,019 to €14,131
- Gross operating margin +€11,457
up €11,457 (+124%), from €9,251 to €20,708
- Financial income +€6,423
up €6,423 (+372%), from €1,725 to €8,148
- Depreciation +€231
up €231 (+1.8%), from €12,853 to €13,084
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 | €82,355 | €63,849 | -€18,506 | -22.5% |
| Fixed assets | 21/28 | €39,833 | €28,152 | -€11,681 | -29.3% |
| Tangible fixed assets | 22/27 | €39,833 | €28,152 | -€11,681 | -29.3% |
| Plant, machinery and equipment | 23 | €2,132 | €1,275 | -€857 | -40.2% |
| Furniture and vehicles | 24 | €37,702 | €26,877 | -€10,824 | -28.7% |
| Current assets | 29/58 | €42,522 | €35,697 | -€6,825 | -16.0% |
| Amounts receivable within one year | 40/41 | €28,831 | €11,837 | -€16,994 | -58.9% |
| Trade receivables | 40 | €22,313 | €5,320 | -€16,994 | -76.2% |
| Other amounts receivable | 41 | €6,517 | €6,517 | = | 0.0% |
| Current investments | 50/53 | €11,340 | €23,043 | +€11,703 | +103% |
| Cash at bank and in hand | 54/58 | €2,351 | €817 | -€1,534 | -65.3% |
| Total equity and liabilities | 10/49 | €82,355 | €63,849 | -€18,506 | -22.5% |
| Equity | 10/15 | €34,334 | €34,970 | +€637 | +1.9% |
| Contributions | 10/11 | €19,850 | €19,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,484 | €15,120 | +€637 | +4.4% |
| Amounts payable | 17/49 | €48,021 | €28,879 | -€19,142 | -39.9% |
| Amounts payable after more than one year | 17 | €880 | - | -€880 | |
| Financial debts | 170/4 | €880 | - | -€880 | |
| Amounts payable within one year | 42/48 | €47,141 | €28,879 | -€18,262 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €3,434 | €880 | -€2,553 | -74.4% |
| Trade debts | 44 | €3,635 | €2,025 | -€1,611 | -44.3% |
| Suppliers | 440/4 | €3,635 | €2,025 | -€1,611 | -44.3% |
| Taxes, remuneration and social security | 45 | €645 | €2,708 | +€2,063 | +320% |
| Taxes | 450/3 | €645 | €2,708 | +€2,063 | +320% |
| Other amounts payable | 47/48 | €39,427 | €23,266 | -€16,161 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,853 | €13,084 | +€231 | +1.8% |
| Other operating charges | 640/8 | €689 | €700 | +€11 | +1.6% |
| Gross operating margin | 9900 | €9,251 | €20,708 | +€11,457 | +124% |
| Operating profit (loss) | 9901 | -€4,291 | €6,924 | +€11,215 | |
| Financial income | 75/76B | €1,725 | €8,148 | +€6,423 | +372% |
| Recurring financial income | 75 | €1,725 | €8,148 | +€6,423 | +372% |
| Financial charges | 65/66B | €1,019 | €14,131 | +€13,112 | +1,287% |
| Recurring financial charges | 65 | €1,019 | €14,131 | +€13,112 | +1,287% |
| Profit (loss) for the period before taxes | 9903 | -€3,585 | €941 | +€4,526 | |
| Income taxes | 67/77 | €481 | €304 | -€177 | -36.8% |
| Profit (loss) for the period | 9904 | -€4,067 | €637 | +€4,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,067 | €637 | +€4,703 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.