GRADATUS: 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.
GRADATUS
Largest movements
- Receivables within one year +€12,701
up €12,701 (+539.1%), from €2,356 to €15,057
of which Trade receivables: +€12,694
- Cash -€8,758
no longer reported in 2025 (was €8,758)
mainly Receivables within one year (-€12,701) and Tax, wage and social debts (-€8,018)
- Tangible fixed assets -€905
down €905 (-6.5%), from €13,982 to €13,077
of which Other tangible fixed assets: -€1,980
- Tax, wage and social debts -€8,018
down €8,018 (-18.0%), from €44,439 to €36,421
of which Remuneration and social security: -€15,329
- Profit (loss) carried forward +€6,331
up €6,331 (+64.4%), from -€9,825 to -€3,494
- Trade debts +€3,255
up €3,255 (+26.4%), from €12,313 to €15,568
- Short-term financial debts +€996
new in 2025: €996
- Gross operating margin -€66,336
down €66,336 (-51.1%), from €129,718 to €63,382
- Staff costs -€59,352
down €59,352 (-54.9%), from €108,064 to €48,712
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 | €79,087 | €82,124 | +€3,037 | +3.8% |
| Fixed assets | 21/28 | €16,662 | €15,757 | -€905 | -5.4% |
| Tangible fixed assets | 22/27 | €13,982 | €13,077 | -€905 | -6.5% |
| Furniture and vehicles | 24 | €46 | €1,121 | +€1,074 | +2311.0% |
| Other tangible fixed assets | 26 | €13,936 | €11,956 | -€1,980 | -14.2% |
| Financial fixed assets | 28 | €2,680 | €2,680 | = | 0.0% |
| Current assets | 29/58 | €62,425 | €66,367 | +€3,942 | +6.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,356 | €15,057 | +€12,701 | +539.1% |
| Trade receivables | 40 | €2,356 | €15,050 | +€12,694 | +538.8% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €8,758 | - | -€8,758 | |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,310 | = | 0.0% |
| Total equity and liabilities | 10/49 | €79,087 | €82,124 | +€3,037 | +3.8% |
| Equity | 10/15 | €5,244 | €11,575 | +€6,331 | +120.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €69 | €69 | = | 0.0% |
| Non-distributable reserves | 130/1 | €69 | €69 | = | 0.0% |
| Reserves not available under the articles | 1311 | €69 | €69 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,825 | -€3,494 | +€6,331 | +64.4% |
| Amounts payable | 17/49 | €73,843 | €70,549 | -€3,294 | -4.5% |
| Amounts payable within one year | 42/48 | €73,843 | €70,549 | -€3,294 | -4.5% |
| Financial debts | 43 | - | €996 | +€996 | |
| Credit institutions | 430/8 | - | €996 | +€996 | |
| Trade debts | 44 | €12,313 | €15,568 | +€3,255 | +26.4% |
| Suppliers | 440/4 | €12,313 | €15,568 | +€3,255 | +26.4% |
| Taxes, remuneration and social security | 45 | €44,439 | €36,421 | -€8,018 | -18.0% |
| Taxes | 450/3 | €19,240 | €26,551 | +€7,310 | +38.0% |
| Remuneration and social security | 454/9 | €25,199 | €9,870 | -€15,329 | -60.8% |
| Other amounts payable | 47/48 | €17,091 | €17,565 | +€474 | +2.8% |
| Remuneration, social security and pensions | 62 | €108,064 | €48,712 | -€59,352 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,240 | €2,557 | +€317 | +14.1% |
| Other operating charges | 640/8 | €449 | €1,137 | +€688 | +153.0% |
| Gross operating margin | 9900 | €129,718 | €63,382 | -€66,336 | -51.1% |
| Operating profit (loss) | 9901 | €18,964 | €10,976 | -€7,988 | -42.1% |
| Financial income | 75/76B | €2,352 | €1,310 | -€1,042 | -44.3% |
| Recurring financial income | 75 | €2,352 | €1,310 | -€1,042 | -44.3% |
| Financial charges | 65/66B | €1,075 | €1,126 | +€51 | +4.7% |
| Recurring financial charges | 65 | €1,075 | €1,126 | +€51 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €20,241 | €11,160 | -€9,081 | -44.9% |
| Income taxes | 67/77 | €3,599 | €4,830 | +€1,231 | +34.2% |
| Profit (loss) for the period | 9904 | €16,642 | €6,331 | -€10,312 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,642 | €6,331 | -€10,312 | -62.0% |
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 10 October 2026 via checked.be.