GRAAFVIS: 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.
GRAAFVIS
Largest movements
- Receivables within one year +€6,606
up €6,606 (+67.9%), from €9,729 to €16,335
of which Trade receivables: +€6,655
- Tangible fixed assets +€6,301
up €6,301 (+290.7%), from €2,167 to €8,468
- Profit (loss) carried forward +€49,154
up €49,154 (+27.3%), from €180,249 to €229,403
- Debts after one year -€38,643
down €38,643 (-95.3%), from €40,534 to €1,891
- Other debts -€7,964
down €7,964 (-79.1%), from €10,070 to €2,105
- Trade debts +€7,494
up €7,494 (+1207.6%), from €621 to €8,115
- Gross operating margin +€1,200
up €1,200 (+5.3%), from €22,660 to €23,860
- Financial charges -€1,122
down €1,122 (-33.3%), from €3,366 to €2,243
- Taxes +€1,054
up €1,054 (+17.5%), from €6,012 to €7,066
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 | €301,490 | €315,044 | +€13,554 | +4.5% |
| Fixed assets | 21/28 | €278,176 | €284,477 | +€6,301 | +2.3% |
| Tangible fixed assets | 22/27 | €2,167 | €8,468 | +€6,301 | +290.7% |
| Furniture and vehicles | 24 | €2,167 | €8,468 | +€6,301 | +290.7% |
| Financial fixed assets | 28 | €276,009 | €276,009 | = | 0.0% |
| Current assets | 29/58 | €23,314 | €30,567 | +€7,253 | +31.1% |
| Amounts receivable within one year | 40/41 | €9,729 | €16,335 | +€6,606 | +67.9% |
| Trade receivables | 40 | €9,680 | €16,335 | +€6,655 | +68.8% |
| Other amounts receivable | 41 | €49 | €0 | -€49 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,585 | €14,232 | +€647 | +4.8% |
| Total equity and liabilities | 10/49 | €301,490 | €315,044 | +€13,554 | +4.5% |
| Equity | 10/15 | €185,249 | €234,403 | +€49,154 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,249 | €229,403 | +€49,154 | +27.3% |
| Amounts payable | 17/49 | €116,241 | €80,641 | -€35,600 | -30.6% |
| Amounts payable after more than one year | 17 | €40,534 | €1,891 | -€38,643 | -95.3% |
| Financial debts | 170/4 | €40,534 | €1,891 | -€38,643 | -95.3% |
| Amounts payable within one year | 42/48 | €56,942 | €58,335 | +€1,393 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €38,516 | €38,643 | +€127 | +0.3% |
| Trade debts | 44 | €621 | €8,115 | +€7,494 | +1207.6% |
| Suppliers | 440/4 | €621 | €8,115 | +€7,494 | +1207.6% |
| Taxes, remuneration and social security | 45 | €7,735 | €9,472 | +€1,737 | +22.5% |
| Taxes | 450/3 | €7,735 | €9,472 | +€1,737 | +22.5% |
| Other amounts payable | 47/48 | €10,070 | €2,105 | -€7,964 | -79.1% |
| Accrued charges and deferred income | 492/3 | €18,765 | €20,415 | +€1,650 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €488 | +€149 | +43.9% |
| Other operating charges | 640/8 | €1,219 | €1,056 | -€163 | -13.4% |
| Gross operating margin | 9900 | €22,660 | €23,860 | +€1,200 | +5.3% |
| Operating profit (loss) | 9901 | €21,102 | €22,316 | +€1,214 | +5.8% |
| Financial income | 75/76B | €36,146 | €36,146 | +€0 | 0.0% |
| Recurring financial income | 75 | €36,146 | €36,146 | +€0 | 0.0% |
| Financial charges | 65/66B | €3,366 | €2,243 | -€1,122 | -33.3% |
| Recurring financial charges | 65 | €3,366 | €2,243 | -€1,122 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €53,883 | €56,220 | +€2,337 | +4.3% |
| Income taxes | 67/77 | €6,012 | €7,066 | +€1,054 | +17.5% |
| Profit (loss) for the period | 9904 | €47,871 | €49,154 | +€1,283 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,871 | €49,154 | +€1,283 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.