GRAFFIT'ART: what changed
Two fiscal 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.
GRAFFIT'ART
Largest movements
- Cash -€187,819
down €187,819 (-54.8%), from €342,684 to €154,865
mainly Investment in fixed assets (net) (-€154,317) and Receivables within one year (-€76,105)
- Tangible fixed assets +€146,886
up €146,886 (+152.4%), from €96,412 to €243,298
of which Land and buildings: +€148,577
- Receivables within one year +€76,105
up €76,105 (+143.7%), from €52,978 to €129,083
- Deferred charges and accrued income +€6,452
up €6,452 (+280.1%), from €2,304 to €8,756
- Reserves +€61,667
up €61,667 (+54.6%), from €112,860 to €174,527
of which Distributable reserves: +€61,667
- Tax, wage and social debts -€14,588
down €14,588 (-39.5%), from €36,940 to €22,353
of which Taxes: -€16,316
- Debts after one year -€11,217
down €11,217 (-50.9%), from €22,023 to €10,807
- Gross operating margin -€10,420
down €10,420 (-9.5%), from €109,212 to €98,791
- Taxes -€1,142
down €1,142 (-4.4%), from €26,188 to €25,046
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 | €494,379 | €536,002 | +€41,623 | +8.4% |
| Fixed assets | 21/28 | €96,412 | €243,298 | +€146,886 | +152.4% |
| Tangible fixed assets | 22/27 | €96,412 | €243,298 | +€146,886 | +152.4% |
| Land and buildings | 22 | €66,687 | €215,264 | +€148,577 | +222.8% |
| Plant, machinery and equipment | 23 | €27,160 | €24,566 | -€2,594 | -9.6% |
| Furniture and vehicles | 24 | €103 | €1,768 | +€1,665 | +1615.9% |
| Other tangible fixed assets | 26 | €2,462 | €1,700 | -€762 | -31.0% |
| Current assets | 29/58 | €397,966 | €292,704 | -€105,263 | -26.5% |
| Amounts receivable within one year | 40/41 | €52,978 | €129,083 | +€76,105 | +143.7% |
| Trade receivables | 40 | €52,978 | €129,083 | +€76,105 | +143.7% |
| Cash at bank and in hand | 54/58 | €342,684 | €154,865 | -€187,819 | -54.8% |
| Deferred charges and accrued income | 490/1 | €2,304 | €8,756 | +€6,452 | +280.1% |
| Total equity and liabilities | 10/49 | €494,379 | €536,002 | +€41,623 | +8.4% |
| Equity | 10/15 | €367,437 | €429,104 | +€61,667 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,860 | €174,527 | +€61,667 | +54.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €161,667 | +€61,667 | +61.7% |
| Profit (loss) carried forward | 14 | €248,377 | €248,377 | = | 0.0% |
| Amounts payable | 17/49 | €126,942 | €106,897 | -€20,044 | -15.8% |
| Amounts payable after more than one year | 17 | €22,023 | €10,807 | -€11,217 | -50.9% |
| Financial debts | 170/4 | €22,023 | €10,807 | -€11,217 | -50.9% |
| Amounts payable within one year | 42/48 | €104,919 | €96,065 | -€8,853 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €10,647 | €11,217 | +€569 | +5.3% |
| Trade debts | 44 | €8,508 | €9,551 | +€1,043 | +12.3% |
| Suppliers | 440/4 | €8,508 | €8,861 | +€353 | +4.2% |
| Bills of exchange payable | 441 | - | €690 | +€690 | |
| Taxes, remuneration and social security | 45 | €36,940 | €22,353 | -€14,588 | -39.5% |
| Taxes | 450/3 | €34,940 | €18,625 | -€16,316 | -46.7% |
| Remuneration and social security | 454/9 | €2,000 | €3,728 | +€1,728 | +86.4% |
| Other amounts payable | 47/48 | €48,824 | €52,945 | +€4,121 | +8.4% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Non-recurring operating income | 76A | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,485 | €7,431 | -€1,054 | -12.4% |
| Other operating charges | 640/8 | €2,668 | €2,576 | -€92 | -3.4% |
| Gross operating margin | 9900 | €109,212 | €98,791 | -€10,420 | -9.5% |
| Operating profit (loss) | 9901 | €98,059 | €88,784 | -€9,275 | -9.5% |
| Financial income | 75/76B | €5 | €0 | -€4 | -98.5% |
| Recurring financial income | 75 | €5 | €0 | -€4 | -98.5% |
| Financial charges | 65/66B | €2,373 | €2,071 | -€302 | -12.7% |
| Recurring financial charges | 65 | €2,373 | €2,071 | -€302 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €95,691 | €86,714 | -€8,977 | -9.4% |
| Income taxes | 67/77 | €26,188 | €25,046 | -€1,142 | -4.4% |
| Profit (loss) for the period | 9904 | €69,503 | €61,667 | -€7,835 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,503 | €61,667 | -€7,835 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.