GRADATIM: 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.
GRADATIM
Largest movements
- Cash -€76,944
down €76,944 (-53.6%), from €143,615 to €66,671
mainly Contributions, distributions and other (-€140,347) and Tax, wage and social debts (-€16,369)
- Receivables after one year -€40,000
down €40,000 (-23.8%), from €168,000 to €128,000
- Tangible fixed assets -€32,930
down €32,930 (-7.1%), from €462,495 to €429,564
- Reserves -€140,347
down €140,347 (-24.3%), from €576,541 to €436,194
- Tax, wage and social debts -€16,369
down €16,369 (-88.6%), from €18,466 to €2,097
- Other debts +€13,017
up €13,017 (+9.2%), from €141,910 to €154,927
- Gross operating margin -€9,334
down €9,334 (-15.8%), from €59,043 to €49,709
- Depreciation -€6,450
down €6,450 (-12.4%), from €52,119 to €45,670
- Taxes +€1,456
up €1,456 (+159%), from €915 to €2,371
- Other operating charges +€1,454
up €1,454 (+42.4%), from €3,429 to €4,883
- Staff costs +€1,368
up €1,368 (+6,937%), from €20 to €1,388
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 | €789,126 | €646,390 | -€142,736 | -18.1% |
| Fixed assets | 21/28 | €462,495 | €429,564 | -€32,930 | -7.1% |
| Tangible fixed assets | 22/27 | €462,495 | €429,564 | -€32,930 | -7.1% |
| Land and buildings | 22 | €401,940 | €391,976 | -€9,963 | -2.5% |
| Plant, machinery and equipment | 23 | €24,456 | €22,623 | -€1,833 | -7.5% |
| Furniture and vehicles | 24 | €13,562 | €976 | -€12,586 | -92.8% |
| Other tangible fixed assets | 26 | €22,537 | €13,989 | -€8,547 | -37.9% |
| Current assets | 29/58 | €326,631 | €216,826 | -€109,805 | -33.6% |
| Amounts receivable after more than one year | 29 | €168,000 | €128,000 | -€40,000 | -23.8% |
| Other amounts receivable | 291 | €168,000 | €128,000 | -€40,000 | -23.8% |
| Amounts receivable within one year | 40/41 | €9,999 | €16,997 | +€6,998 | +70.0% |
| Trade receivables | 40 | €7,825 | €6,342 | -€1,484 | -19.0% |
| Other amounts receivable | 41 | €2,174 | €10,655 | +€8,482 | +390% |
| Cash at bank and in hand | 54/58 | €143,615 | €66,671 | -€76,944 | -53.6% |
| Deferred charges and accrued income | 490/1 | €5,017 | €5,158 | +€141 | +2.8% |
| Total equity and liabilities | 10/49 | €789,126 | €646,390 | -€142,736 | -18.1% |
| Equity | 10/15 | €626,541 | €483,904 | -€142,637 | -22.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €576,541 | €436,194 | -€140,347 | -24.3% |
| Distributable reserves | 133 | €576,541 | €436,194 | -€140,347 | -24.3% |
| Profit (loss) carried forward | 14 | - | -€2,291 | -€2,291 | |
| Amounts payable | 17/49 | €162,585 | €162,487 | -€98 | -0.1% |
| Amounts payable within one year | 42/48 | €162,521 | €161,238 | -€1,284 | -0.8% |
| Trade debts | 44 | €2,145 | €4,214 | +€2,069 | +96.5% |
| Suppliers | 440/4 | €2,145 | €4,214 | +€2,069 | +96.5% |
| Taxes, remuneration and social security | 45 | €18,466 | €2,097 | -€16,369 | -88.6% |
| Taxes | 450/3 | €18,466 | €2,097 | -€16,369 | -88.6% |
| Other amounts payable | 47/48 | €141,910 | €154,927 | +€13,017 | +9.2% |
| Accrued charges and deferred income | 492/3 | €64 | €1,249 | +€1,186 | +1,862% |
| Non-recurring operating income | 76A | €2,626 | - | -€2,626 | |
| Remuneration, social security and pensions | 62 | €20 | €1,388 | +€1,368 | +6,937% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,119 | €45,670 | -€6,450 | -12.4% |
| Other operating charges | 640/8 | €3,429 | €4,883 | +€1,454 | +42.4% |
| Gross operating margin | 9900 | €59,043 | €49,709 | -€9,334 | -15.8% |
| Operating profit (loss) | 9901 | €3,474 | -€2,232 | -€5,706 | |
| Financial income | 75/76B | €2,867 | €2,602 | -€266 | -9.3% |
| Recurring financial income | 75 | €2,867 | €2,602 | -€266 | -9.3% |
| Financial charges | 65/66B | €334 | €289 | -€45 | -13.4% |
| Recurring financial charges | 65 | €334 | €289 | -€45 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €6,007 | €80 | -€5,927 | -98.7% |
| Income taxes | 67/77 | €915 | €2,371 | +€1,456 | +159% |
| Profit (loss) for the period | 9904 | €5,093 | -€2,291 | -€7,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,093 | -€2,291 | -€7,383 |
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 14 October 2026 via checked.be.