GRADE: 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.
GRADE
Largest movements
- Cash +€1,326
up €1,326 (+43.0%), from €3,081 to €4,407
mainly Other debts (+€16,910) and Trade debts (+€3,057)
- Deferred charges and accrued income +€634
up €634 (+58.7%), from €1,080 to €1,714
- Tangible fixed assets -€544
no longer reported in 2025 (was €544)
- Stocks and contracts +€407
up €407 (+24.7%), from €1,649 to €2,056
- Profit (loss) carried forward -€19,408
down €19,408 (-47.0%), from -€41,306 to -€60,714
- Other debts +€16,910
up €16,910 (+273.8%), from €6,176 to €23,086
- Trade debts +€3,057
up €3,057 (+18.4%), from €16,651 to €19,707
- Tax, wage and social debts +€1,202
up €1,202 (+17.9%), from €6,701 to €7,903
of which Remuneration and social security: +€1,215
- Staff costs -€9,690
down €9,690 (-18.4%), from €52,638 to €42,948
- Depreciation -€4,189
down €4,189 (-88.5%), from €4,733 to €544
- Gross operating margin -€1,358
down €1,358 (-4.6%), from €29,431 to €28,073
- Other operating charges -€352
down €352 (-13.1%), from €2,686 to €2,334
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 | €6,822 | €8,582 | +€1,760 | +25.8% |
| Fixed assets | 21/28 | €544 | - | -€544 | |
| Tangible fixed assets | 22/27 | €544 | - | -€544 | |
| Plant, machinery and equipment | 23 | €544 | - | -€544 | |
| Current assets | 29/58 | €6,277 | €8,582 | +€2,305 | +36.7% |
| Stocks and contracts in progress | 3 | €1,649 | €2,056 | +€407 | +24.7% |
| Stocks | 30/36 | €1,649 | €2,056 | +€407 | +24.7% |
| Amounts receivable within one year | 40/41 | €468 | €406 | -€62 | -13.2% |
| Other amounts receivable | 41 | €468 | €406 | -€62 | -13.2% |
| Cash at bank and in hand | 54/58 | €3,081 | €4,407 | +€1,326 | +43.0% |
| Deferred charges and accrued income | 490/1 | €1,080 | €1,714 | +€634 | +58.7% |
| Total equity and liabilities | 10/49 | €6,822 | €8,582 | +€1,760 | +25.8% |
| Equity | 10/15 | -€22,706 | -€42,114 | -€19,408 | -85.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,306 | -€60,714 | -€19,408 | -47.0% |
| Amounts payable | 17/49 | €29,528 | €50,696 | +€21,168 | +71.7% |
| Amounts payable within one year | 42/48 | €29,528 | €50,696 | +€21,168 | +71.7% |
| Trade debts | 44 | €16,651 | €19,707 | +€3,057 | +18.4% |
| Suppliers | 440/4 | €16,651 | €19,707 | +€3,057 | +18.4% |
| Taxes, remuneration and social security | 45 | €6,701 | €7,903 | +€1,202 | +17.9% |
| Taxes | 450/3 | €5,702 | €5,689 | -€13 | -0.2% |
| Remuneration and social security | 454/9 | €999 | €2,214 | +€1,215 | +121.7% |
| Other amounts payable | 47/48 | €6,176 | €23,086 | +€16,910 | +273.8% |
| Remuneration, social security and pensions | 62 | €52,638 | €42,948 | -€9,690 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,733 | €544 | -€4,189 | -88.5% |
| Other operating charges | 640/8 | €2,686 | €2,334 | -€352 | -13.1% |
| Gross operating margin | 9900 | €29,431 | €28,073 | -€1,358 | -4.6% |
| Operating profit (loss) | 9901 | -€30,626 | -€17,753 | +€12,873 | +42.0% |
| Financial income | 75/76B | €67 | €13 | -€54 | -81.2% |
| Recurring financial income | 75 | €67 | €13 | -€54 | -81.2% |
| Financial charges | 65/66B | €1,730 | €1,667 | -€63 | -3.6% |
| Recurring financial charges | 65 | €1,730 | €1,667 | -€63 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,290 | -€19,408 | +€12,882 | +39.9% |
| Profit (loss) for the period | 9904 | -€32,290 | -€19,408 | +€12,882 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,290 | -€19,408 | +€12,882 | +39.9% |
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 12 October 2026 via checked.be.