GRACES: 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.
GRACES
Largest movements
- Cash +€59,241
up €59,241 (+4420.3%), from €1,340 to €60,581
mainly Depreciation (+€27,982) and Other debts (+€23,108)
- Tangible fixed assets +€26,354
up €26,354 (+24.6%), from €107,007 to €133,361
of which Other tangible fixed assets: +€18,667
- Stocks and contracts -€21,810
down €21,810 (-47.0%), from €46,395 to €24,585
- Receivables within one year -€18,560
down €18,560 (-32.0%), from €58,073 to €39,512
of which Trade receivables: -€18,560
- Other debts +€23,108
up €23,108 (+72.6%), from €31,840 to €54,948
- Reserves +€15,762
up €15,762 (+30.6%), from €51,574 to €67,336
of which Distributable reserves: +€15,762
- Debts after one year -€12,707
down €12,707 (-29.3%), from €43,325 to €30,618
- Trade debts +€9,306
up €9,306 (+20.0%), from €46,604 to €55,910
- Tax, wage and social debts +€8,833
up €8,833 (+96.7%), from €9,139 to €17,971
- Gross operating margin +€21,607
up €21,607 (+62.9%), from €34,351 to €55,958
- Depreciation +€6,008
up €6,008 (+27.3%), from €21,973 to €27,982
- Taxes +€5,288
up €5,288 (+170.7%), from €3,099 to €8,387
- Financial income +€1,298
up €1,298 (+71337.4%), from €2 to €1,300
- Financial charges +€1,256
up €1,256 (+95.1%), from €1,321 to €2,578
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,815 | €258,040 | +€45,225 | +21.3% |
| Fixed assets | 21/28 | €107,007 | €133,361 | +€26,354 | +24.6% |
| Tangible fixed assets | 22/27 | €107,007 | €133,361 | +€26,354 | +24.6% |
| Plant, machinery and equipment | 23 | €5,231 | €6,519 | +€1,288 | +24.6% |
| Furniture and vehicles | 24 | €101,576 | €107,976 | +€6,399 | +6.3% |
| Other tangible fixed assets | 26 | €200 | €18,867 | +€18,667 | +9319.5% |
| Current assets | 29/58 | €105,808 | €124,679 | +€18,871 | +17.8% |
| Stocks and contracts in progress | 3 | €46,395 | €24,585 | -€21,810 | -47.0% |
| Stocks | 30/36 | €46,395 | €24,585 | -€21,810 | -47.0% |
| Amounts receivable within one year | 40/41 | €58,073 | €39,512 | -€18,560 | -32.0% |
| Trade receivables | 40 | €56,615 | €38,055 | -€18,560 | -32.8% |
| Other amounts receivable | 41 | €1,457 | €1,457 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,340 | €60,581 | +€59,241 | +4420.3% |
| Total equity and liabilities | 10/49 | €212,815 | €258,040 | +€45,225 | +21.3% |
| Equity | 10/15 | €70,056 | €85,886 | +€15,830 | +22.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €51,574 | €67,336 | +€15,762 | +30.6% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €51,524 | €67,286 | +€15,762 | +30.6% |
| Profit (loss) carried forward | 14 | -€68 | - | +€68 | |
| Amounts payable | 17/49 | €142,759 | €172,154 | +€29,395 | +20.6% |
| Amounts payable after more than one year | 17 | €43,325 | €30,618 | -€12,707 | -29.3% |
| Financial debts | 170/4 | €43,325 | €30,618 | -€12,707 | -29.3% |
| Amounts payable within one year | 42/48 | €99,434 | €141,536 | +€42,102 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €11,852 | €12,707 | +€855 | +7.2% |
| Trade debts | 44 | €46,604 | €55,910 | +€9,306 | +20.0% |
| Suppliers | 440/4 | €46,604 | €55,910 | +€9,306 | +20.0% |
| Taxes, remuneration and social security | 45 | €9,139 | €17,971 | +€8,833 | +96.7% |
| Taxes | 450/3 | €9,139 | €17,971 | +€8,833 | +96.7% |
| Other amounts payable | 47/48 | €31,840 | €54,948 | +€23,108 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,973 | €27,982 | +€6,008 | +27.3% |
| Other operating charges | 640/8 | €2,343 | €2,482 | +€138 | +5.9% |
| Gross operating margin | 9900 | €34,351 | €55,958 | +€21,607 | +62.9% |
| Operating profit (loss) | 9901 | €10,034 | €25,495 | +€15,461 | +154.1% |
| Financial income | 75/76B | €2 | €1,300 | +€1,298 | +71337.4% |
| Recurring financial income | 75 | €2 | €1,300 | +€1,298 | +71337.4% |
| Financial charges | 65/66B | €1,321 | €2,578 | +€1,256 | +95.1% |
| Recurring financial charges | 65 | €1,321 | €2,578 | +€1,256 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €8,715 | €24,218 | +€15,503 | +177.9% |
| Income taxes | 67/77 | €3,099 | €8,387 | +€5,288 | +170.7% |
| Profit (loss) for the period | 9904 | €5,616 | €15,830 | +€10,214 | +181.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,616 | €15,830 | +€10,214 | +181.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.