Grafdesign: what changed
Grafdesign
Largest movements
- Cash +€16,953
up €16,953 (+84.4%), from €20,083 to €37,035
mainly Net result for the year (+€17,972) and Other debts (+€16,055)
- Tangible fixed assets -€10,141
down €10,141 (-15.9%), from €63,740 to €53,599
of which Furniture and vehicles: -€11,417
- Receivables within one year +€8,557
up €8,557 (+80.6%), from €10,623 to €19,181
of which Trade receivables: +€6,208
- Deferred charges and accrued income +€1,996
up €1,996 (+1,830%), from €109 to €2,105
- Other debts +€16,055
new in 2025: €16,055
- Debts after one year -€8,826
down €8,826 (-24.1%), from €36,588 to €27,762
- Trade debts +€5,542
up €5,542 (+110%), from €5,039 to €10,581
- Tax, wage and social debts +€3,193
up €3,193 (+90.5%), from €3,528 to €6,721
- Gross operating margin +€30,886
up €30,886 (+254%), from €12,174 to €43,060
- Depreciation +€10,317
up €10,317 (+334%), from €3,090 to €13,406
- Financial income -€6,648
down €6,648 (-92.1%), from €7,218 to €570
of which Non-recurring financial income: -€6,769
- Taxes +€5,009
up €5,009 (+92.2%), from €5,434 to €10,442
- Financial charges +€1,350
up €1,350 (+294%), from €460 to €1,809
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,556 | €111,921 | +€17,365 | +18.4% |
| Fixed assets | 21/28 | €63,740 | €53,599 | -€10,141 | -15.9% |
| Tangible fixed assets | 22/27 | €63,740 | €53,599 | -€10,141 | -15.9% |
| Land and buildings | 22 | €5,108 | €7,627 | +€2,519 | +49.3% |
| Plant, machinery and equipment | 23 | €2,674 | €1,431 | -€1,243 | -46.5% |
| Furniture and vehicles | 24 | €55,958 | €44,541 | -€11,417 | -20.4% |
| Current assets | 29/58 | €30,815 | €58,322 | +€27,506 | +89.3% |
| Amounts receivable within one year | 40/41 | €10,623 | €19,181 | +€8,557 | +80.6% |
| Trade receivables | 40 | €3,317 | €9,525 | +€6,208 | +187% |
| Other amounts receivable | 41 | €7,307 | €9,656 | +€2,349 | +32.2% |
| Cash at bank and in hand | 54/58 | €20,083 | €37,035 | +€16,953 | +84.4% |
| Deferred charges and accrued income | 490/1 | €109 | €2,105 | +€1,996 | +1,830% |
| Total equity and liabilities | 10/49 | €94,556 | €111,921 | +€17,365 | +18.4% |
| Equity | 10/15 | €40,903 | €41,975 | +€1,072 | +2.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,700 | €38,700 | +€1,000 | +2.7% |
| Distributable reserves | 133 | €37,700 | €38,700 | +€1,000 | +2.7% |
| Profit (loss) carried forward | 14 | €203 | €275 | +€72 | +35.5% |
| Amounts payable | 17/49 | €53,652 | €69,945 | +€16,293 | +30.4% |
| Amounts payable after more than one year | 17 | €36,588 | €27,762 | -€8,826 | -24.1% |
| Financial debts | 170/4 | €36,588 | €27,762 | -€8,826 | -24.1% |
| Amounts payable within one year | 42/48 | €17,060 | €42,183 | +€25,123 | +147% |
| Current portion of amounts payable after more than one year | 42 | €8,493 | €8,826 | +€333 | +3.9% |
| Trade debts | 44 | €5,039 | €10,581 | +€5,542 | +110% |
| Suppliers | 440/4 | €5,039 | €10,581 | +€5,542 | +110% |
| Taxes, remuneration and social security | 45 | €3,528 | €6,721 | +€3,193 | +90.5% |
| Taxes | 450/3 | €3,528 | €6,721 | +€3,193 | +90.5% |
| Other amounts payable | 47/48 | - | €16,055 | +€16,055 | |
| Accrued charges and deferred income | 492/3 | €4 | €0 | -€4 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,090 | €13,406 | +€10,317 | +334% |
| Gross operating margin | 9900 | €12,174 | €43,060 | +€30,886 | +254% |
| Operating profit (loss) | 9901 | €9,084 | €29,654 | +€20,570 | +226% |
| Financial income | 75/76B | €7,218 | €570 | -€6,648 | -92.1% |
| Recurring financial income | 75 | €449 | €570 | +€121 | +26.9% |
| Non-recurring financial income | 76B | €6,769 | €0 | -€6,769 | -100% |
| Financial charges | 65/66B | €460 | €1,809 | +€1,350 | +294% |
| Recurring financial charges | 65 | €460 | €1,809 | +€1,350 | +294% |
| Profit (loss) for the period before taxes | 9903 | €15,843 | €28,414 | +€12,572 | +79.4% |
| Income taxes | 67/77 | €5,434 | €10,442 | +€5,009 | +92.2% |
| Profit (loss) for the period | 9904 | €10,409 | €17,972 | +€7,563 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,409 | €17,972 | +€7,563 | +72.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.