GRÀCIA: 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.
What changed
GRÀCIA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.7m+€359,272
Equity
€7.9m
2024 · €6.6m+€1.3m
Cash
€2.7m
2024 · €1.5m+€1.2m
Balance sheet total
€23.4m
2024 · €10.0m+€13.4m
Largest movements
Assets
- Deferred charges and accrued income +€7.0m
up €7.0m (+1583.0%), from €443,291 to €7.5m
- Receivables within one year +€3.9m
up €3.9m (+398.7%), from €970,765 to €4.8m
of which Trade receivables: +€3.8m
- Current investments +€1.7m
up €1.7m (+28.6%), from €5.8m to €7.5m
- Cash +€1.2m
up €1.2m (+77.8%), from €1.5m to €2.7m
mainly Accrued charges and deferred income (+€6.5m) and Trade debts (+€5.3m)
- Receivables after one year -€350,000
down €350,000 (-94.8%), from €369,005 to €19,005
Equity and liabilities
- Accrued charges and deferred income +€6.5m
up €6.5m (+330.2%), from €2.0m to €8.4m
- Trade debts +€5.3m
up €5.3m (+483.5%), from €1.1m to €6.4m
- Profit (loss) carried forward +€1.7m
up €1.7m (+32.4%), from €5.1m to €6.8m
- Reserves -€328,150
down €328,150 (-23.0%), from €1.4m to €1.1m
of which Distributable reserves: -€686,000
- Tax, wage and social debts +€268,808
up €268,808 (+418.0%), from €64,315 to €333,123
of which Taxes: +€246,608
Income statement
- Turnover +€6.1m
up €6.1m (+36.8%), from €16.6m to €22.7m
- Goods and materials +€5.3m
up €5.3m (+37.6%), from €14.0m to €19.3m
- Services and other goods +€272,839
up €272,839 (+67.4%), from €404,588 to €677,427
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.
Result 2024
€1.7m
Turnover
+€6.1m
Other operating income
-€59,108
Goods and materials
-€5.3m
Services and other goods
-€272,839
Staff costs
-€127,551
Depreciation
-€43,034
Other operating charges
+€2,330
Other operating items
-€11,647
Financial income
+€177,259
Financial charges
+€6,068
Taxes
-€143,091
Result 2025
€2.0m
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.
From operations
+€3.6m
Investment
-€1.7m
Financing
-€717,416
Cash 2024
€1.5m
From operations (derived)
+€3.6m
Net result for the year
+€2.0m
Depreciation
+€91,784
Receivables after one year
+€350,000
Receivables within one year
-€3.9m
Deferred charges and accrued income
-€7.0m
Trade debts
+€5.3m
Tax, wage and social debts
+€268,808
Other debts
+€43,993
Accrued charges and deferred income
+€6.5m
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€86,468
Current investments
-€1.7m
Financing
-€717,416
Debts after one year
-€29,547
Current portion of long-term debt
+€286
Contributions, distributions and other
-€688,155
Cash 2025
€2.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,025,611 | €23,401,689 | +€13.4m | +133.4% |
| Fixed assets | 21/28 | €906,666 | €901,351 | -€5,315 | -0.6% |
| Tangible fixed assets | 22/27 | €906,666 | €901,351 | -€5,315 | -0.6% |
| Land and buildings | 22 | €843,316 | €789,012 | -€54,303 | -6.4% |
| Plant, machinery and equipment | 23 | €9,336 | €8,032 | -€1,304 | -14.0% |
| Furniture and vehicles | 24 | €43,214 | €93,506 | +€50,292 | +116.4% |
| Other tangible fixed assets | 26 | €10,800 | €10,800 | = | 0.0% |
| Current assets | 29/58 | €9,118,946 | €22,500,339 | +€13.4m | +146.7% |
| Amounts receivable after more than one year | 29 | €369,005 | €19,005 | -€350,000 | -94.8% |
| Other amounts receivable | 291 | €369,005 | €19,005 | -€350,000 | -94.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €970,765 | €4,841,469 | +€3.9m | +398.7% |
| Trade receivables | 40 | €492,171 | €4,306,564 | +€3.8m | +775.0% |
| Other amounts receivable | 41 | €478,594 | €534,905 | +€56,311 | +11.8% |
| Current investments | 50/53 | €5,817,451 | €7,479,211 | +€1.7m | +28.6% |
| Other investments | 51/53 | €5,817,451 | €7,479,211 | +€1.7m | +28.6% |
| Cash at bank and in hand | 54/58 | €1,518,434 | €2,700,129 | +€1.2m | +77.8% |
| Deferred charges and accrued income | 490/1 | €443,291 | €7,460,525 | +€7.0m | +1583.0% |
| Total equity and liabilities | 10/49 | €10,025,611 | €23,401,689 | +€13.4m | +133.4% |
| Equity | 10/15 | €6,552,528 | €7,880,139 | +€1.3m | +20.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,423,929 | €1,095,779 | -€328,150 | -23.0% |
| Non-distributable reserves | 130/1 | €25,952 | €25,952 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,952 | €25,952 | = | 0.0% |
| Tax-exempt reserves | 132 | €711,978 | €1,069,828 | +€357,850 | +50.3% |
| Distributable reserves | 133 | €686,000 | €0 | -€686,000 | -100.0% |
| Profit (loss) carried forward | 14 | €5,110,049 | €6,765,810 | +€1.7m | +32.4% |
| Amounts payable | 17/49 | €3,473,083 | €15,521,550 | +€12.0m | +346.9% |
| Amounts payable after more than one year | 17 | €325,044 | €295,497 | -€29,547 | -9.1% |
| Financial debts | 170/4 | €325,044 | €295,497 | -€29,547 | -9.1% |
| Credit institutions | 173 | €325,044 | €295,497 | -€29,547 | -9.1% |
| Amounts payable within one year | 42/48 | €1,189,759 | €6,802,347 | +€5.6m | +471.7% |
| Current portion of amounts payable after more than one year | 42 | €29,261 | €29,547 | +€286 | +1.0% |
| Trade debts | 44 | €1,096,184 | €6,395,685 | +€5.3m | +483.5% |
| Suppliers | 440/4 | €1,096,184 | €6,395,685 | +€5.3m | +483.5% |
| Taxes, remuneration and social security | 45 | €64,315 | €333,123 | +€268,808 | +418.0% |
| Taxes | 450/3 | €21,750 | €268,359 | +€246,608 | +1133.8% |
| Remuneration and social security | 454/9 | €42,565 | €64,764 | +€22,199 | +52.2% |
| Other amounts payable | 47/48 | €0 | €43,993 | +€43,993 | |
| Accrued charges and deferred income | 492/3 | €1,958,280 | €8,423,706 | +€6.5m | +330.2% |
| Operating income | 70/76A | €16,688,509 | €22,719,238 | +€6.0m | +36.1% |
| Turnover | 70 | €16,597,278 | €22,698,762 | +€6.1m | +36.8% |
| Other operating income | 74 | €78,834 | €19,726 | -€59,108 | -75.0% |
| Non-recurring operating income | 76A | €12,397 | €750 | -€11,647 | -93.9% |
| Operating charges | 60/66A | €14,723,091 | €20,434,785 | +€5.7m | +38.8% |
| Goods for resale, raw materials and consumables | 60 | €14,034,416 | €19,305,016 | +€5.3m | +37.6% |
| Purchases | 600/8 | €14,034,416 | €19,305,016 | +€5.3m | +37.6% |
| Services and other goods | 61 | €404,588 | €677,427 | +€272,839 | +67.4% |
| Remuneration, social security and pensions | 62 | €220,673 | €348,224 | +€127,551 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,750 | €91,784 | +€43,034 | +88.3% |
| Other operating charges | 640/8 | €14,664 | €12,334 | -€2,330 | -15.9% |
| Operating profit (loss) | 9901 | €1,965,417 | €2,284,453 | +€319,036 | +16.2% |
| Financial income | 75/76B | €255,401 | €432,660 | +€177,259 | +69.4% |
| Recurring financial income | 75 | €255,401 | €432,660 | +€177,259 | +69.4% |
| Income from current assets | 751 | €244,587 | €178,444 | -€66,143 | -27.0% |
| Other financial income | 752/9 | €10,814 | €254,216 | +€243,402 | +2250.8% |
| Financial charges | 65/66B | €10,482 | €4,414 | -€6,068 | -57.9% |
| Recurring financial charges | 65 | €10,482 | €4,414 | -€6,068 | -57.9% |
| Debt charges | 650 | €5,320 | €4,378 | -€942 | -17.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€1,930 | -€8,670 | -€6,740 | -349.2% |
| Other financial charges | 652/9 | €7,092 | €8,706 | +€1,613 | +22.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €2,210,337 | €2,712,699 | +€502,363 | +22.7% |
| Income taxes | 67/77 | €553,842 | €696,933 | +€143,091 | +25.8% |
| Taxes | 670/3 | €553,842 | €696,933 | +€143,091 | +25.8% |
| Profit (loss) for the period | 9904 | €1,656,495 | €2,015,766 | +€359,272 | +21.7% |
| Transfer to tax-exempt reserves | 689 | €711,490 | €357,850 | -€353,640 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €945,005 | €1,657,916 | +€712,912 | +75.4% |
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 8 October 2026 via checked.be.