GRACIALEX: 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.
GRACIALEX
Largest movements
- Cash +€33,402
up €33,402 (+36.7%), from €90,994 to €124,396
mainly Net result for the year (+€48,650) and Trade debts (+€3,423)
- Tangible fixed assets +€2,367
new in 2025: €2,367
- Reserves +€48,650
up €48,650 (+73.2%), from €66,451 to €115,101
- Tax, wage and social debts -€13,515
down €13,515 (-77.2%), from €17,504 to €3,989
- Trade debts +€3,423
up €3,423 (+360.1%), from €951 to €4,373
- Other debts -€2,789
down €2,789 (-60.8%), from €4,589 to €1,800
- Gross operating margin +€15,001
up €15,001 (+31.5%), from €47,600 to €62,600
- Taxes +€3,338
up €3,338 (+34.5%), from €9,676 to €13,014
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 | €90,994 | €126,763 | +€35,769 | +39.3% |
| Fixed assets | 21/28 | - | €2,367 | +€2,367 | |
| Tangible fixed assets | 22/27 | - | €2,367 | +€2,367 | |
| Furniture and vehicles | 24 | - | €2,367 | +€2,367 | |
| Current assets | 29/58 | €90,994 | €124,396 | +€33,402 | +36.7% |
| Cash at bank and in hand | 54/58 | €90,994 | €124,396 | +€33,402 | +36.7% |
| Total equity and liabilities | 10/49 | €90,994 | €126,763 | +€35,769 | +39.3% |
| Equity | 10/15 | €67,951 | €116,601 | +€48,650 | +71.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €66,451 | €115,101 | +€48,650 | +73.2% |
| Distributable reserves | 133 | €66,451 | €115,101 | +€48,650 | +73.2% |
| Amounts payable | 17/49 | €23,043 | €10,162 | -€12,881 | -55.9% |
| Amounts payable within one year | 42/48 | €23,043 | €10,162 | -€12,881 | -55.9% |
| Trade debts | 44 | €951 | €4,373 | +€3,423 | +360.1% |
| Suppliers | 440/4 | €951 | €4,373 | +€3,423 | +360.1% |
| Taxes, remuneration and social security | 45 | €17,504 | €3,989 | -€13,515 | -77.2% |
| Taxes | 450/3 | €17,504 | €3,989 | -€13,515 | -77.2% |
| Other amounts payable | 47/48 | €4,589 | €1,800 | -€2,789 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €956 | -€442 | -31.6% |
| Other operating charges | 640/8 | €118 | €210 | +€92 | +78.0% |
| Gross operating margin | 9900 | €47,600 | €62,600 | +€15,001 | +31.5% |
| Operating profit (loss) | 9901 | €46,084 | €61,434 | +€15,350 | +33.3% |
| Financial income | 75/76B | - | €230 | +€230 | |
| Recurring financial income | 75 | - | €230 | +€230 | |
| Financial charges | 65/66B | €233 | €0 | -€233 | -100.0% |
| Recurring financial charges | 65 | €233 | €0 | -€233 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €45,852 | €61,664 | +€15,813 | +34.5% |
| Income taxes | 67/77 | €9,676 | €13,014 | +€3,338 | +34.5% |
| Profit (loss) for the period | 9904 | €36,175 | €48,650 | +€12,475 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,175 | €48,650 | +€12,475 | +34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.