GRACOFOIL: 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.
GRACOFOIL
Largest movements
- Tangible fixed assets -€32,576
down €32,576 (-8.2%), from €396,123 to €363,547
of which Plant, machinery and equipment: -€23,015
- Receivables within one year +€19,954
up €19,954 (+5.8%), from €342,706 to €362,660
of which Trade receivables: +€10,208
- Tax, wage and social debts +€39,395
up €39,395 (+335%), from €11,762 to €51,157
of which Taxes: +€41,705
- Other debts -€33,820
no longer reported in 2025 (was €33,820)
- Reserves +€25,849
up €25,849 (+7.3%), from €355,310 to €381,159
of which Distributable reserves: +€25,849
- Debts after one year -€24,846
down €24,846 (-19.8%), from €125,711 to €100,865
- Current portion of long-term debt -€16,643
down €16,643 (-40.1%), from €41,489 to €24,846
- Gross operating margin +€50,207
up €50,207 (+47.8%), from €105,069 to €155,276
- Taxes +€21,331
up €21,331 (+149%), from €14,291 to €35,622
- Write-downs -€9,597
no longer reported in 2025 (was €9,597)
- Other operating charges +€5,144
up €5,144 (+75.5%), from €6,809 to €11,953
- Financial charges +€2,539
up €2,539 (+12.0%), from €21,166 to €23,705
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 | €1,181,736 | €1,172,369 | -€9,367 | -0.8% |
| Fixed assets | 21/28 | €396,123 | €363,547 | -€32,576 | -8.2% |
| Tangible fixed assets | 22/27 | €396,123 | €363,547 | -€32,576 | -8.2% |
| Land and buildings | 22 | €257,794 | €254,588 | -€3,206 | -1.2% |
| Plant, machinery and equipment | 23 | €131,302 | €108,287 | -€23,015 | -17.5% |
| Furniture and vehicles | 24 | €7,027 | €672 | -€6,355 | -90.4% |
| Current assets | 29/58 | €785,613 | €808,821 | +€23,209 | +3.0% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €27,220 | €21,509 | -€5,711 | -21.0% |
| Stocks | 30/36 | €27,220 | €21,509 | -€5,711 | -21.0% |
| Amounts receivable within one year | 40/41 | €342,706 | €362,660 | +€19,954 | +5.8% |
| Trade receivables | 40 | €110,898 | €121,106 | +€10,208 | +9.2% |
| Other amounts receivable | 41 | €231,809 | €241,554 | +€9,745 | +4.2% |
| Current investments | 50/53 | €11,930 | €9,218 | -€2,712 | -22.7% |
| Cash at bank and in hand | 54/58 | €623 | €10,518 | +€9,894 | +1,587% |
| Deferred charges and accrued income | 490/1 | €3,133 | €4,917 | +€1,783 | +56.9% |
| Total equity and liabilities | 10/49 | €1,181,736 | €1,172,369 | -€9,367 | -0.8% |
| Equity | 10/15 | €665,933 | €691,782 | +€25,849 | +3.9% |
| Contributions | 10/11 | €7,606 | €7,606 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €355,310 | €381,159 | +€25,849 | +7.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,500 | €55,500 | = | 0.0% |
| Distributable reserves | 133 | €297,810 | €323,659 | +€25,849 | +8.7% |
| Profit (loss) carried forward | 14 | €103,017 | €103,017 | = | 0.0% |
| Amounts payable | 17/49 | €515,803 | €480,586 | -€35,217 | -6.8% |
| Amounts payable after more than one year | 17 | €125,711 | €100,865 | -€24,846 | -19.8% |
| Financial debts | 170/4 | €125,711 | €100,865 | -€24,846 | -19.8% |
| Amounts payable within one year | 42/48 | €390,092 | €379,722 | -€10,371 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €41,489 | €24,846 | -€16,643 | -40.1% |
| Financial debts | 43 | €199,805 | €197,611 | -€2,194 | -1.1% |
| Credit institutions | 430/8 | €199,805 | €197,611 | -€2,194 | -1.1% |
| Trade debts | 44 | €103,216 | €106,107 | +€2,891 | +2.8% |
| Suppliers | 440/4 | €103,216 | €106,107 | +€2,891 | +2.8% |
| Taxes, remuneration and social security | 45 | €11,762 | €51,157 | +€39,395 | +335% |
| Taxes | 450/3 | €9,452 | €51,157 | +€41,705 | +441% |
| Remuneration and social security | 454/9 | €2,310 | - | -€2,310 | |
| Other amounts payable | 47/48 | €33,820 | - | -€33,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,860 | €30,397 | +€1,537 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,597 | - | -€9,597 | |
| Other operating charges | 640/8 | €6,809 | €11,953 | +€5,144 | +75.5% |
| Gross operating margin | 9900 | €105,069 | €155,276 | +€50,207 | +47.8% |
| Operating profit (loss) | 9901 | €59,802 | €112,926 | +€53,124 | +88.8% |
| Financial income | 75/76B | €20,179 | €18,082 | -€2,098 | -10.4% |
| Recurring financial income | 75 | €20,179 | €18,082 | -€2,098 | -10.4% |
| Financial charges | 65/66B | €21,166 | €23,705 | +€2,539 | +12.0% |
| Recurring financial charges | 65 | €21,166 | €23,705 | +€2,539 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €58,816 | €107,303 | +€48,487 | +82.4% |
| Income taxes | 67/77 | €14,291 | €35,622 | +€21,331 | +149% |
| Profit (loss) for the period | 9904 | €44,525 | €71,681 | +€27,156 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,525 | €71,681 | +€27,156 | +61.0% |
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 17 October 2026 via checked.be.