GRAFFITO: 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.
GRAFFITO
Largest movements
- Receivables within one year -€37,929
down €37,929 (-68.7%), from €55,247 to €17,318
of which Trade receivables: -€38,995
- Tangible fixed assets -€14,354
down €14,354 (-6.6%), from €219,001 to €204,647
of which Land and buildings: -€13,508
- Cash -€8,958
no longer reported in 2024 (was €8,958)
mainly Net result for the year (-€80,183) and Debts after one year (-€31,981)
- Profit (loss) carried forward -€80,183
down €80,183 (-84.9%), from -€94,412 to -€174,595
- Other debts +€59,402
up €59,402 (+102.9%), from €57,754 to €117,156
- Debts after one year -€31,981
down €31,981 (-36.1%), from €88,500 to €56,519
- Revaluation surpluses -€8,675
down €8,675 (-7.3%), from €118,139 to €109,464
- Current portion of long-term debt +€7,254
up €7,254 (+128.0%), from €5,667 to €12,921
- Gross operating margin -€27,580
down €27,580 (-39.8%), from €69,348 to €41,768
- Financial income -€19,923
down €19,923 (-69.5%), from €28,675 to €8,752
of which Financial income: -€28,598
- Taxes -€7,630
down €7,630 (-60.2%), from €12,666 to €5,036
- Staff costs +€2,676
up €2,676 (+3.0%), from €90,141 to €92,817
- Financial charges +€2,249
up €2,249 (+25.5%), from €8,825 to €11,074
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,206 | €221,965 | -€61,241 | -21.6% |
| Fixed assets | 21/28 | €219,001 | €204,647 | -€14,354 | -6.6% |
| Tangible fixed assets | 22/27 | €219,001 | €204,647 | -€14,354 | -6.6% |
| Land and buildings | 22 | €195,915 | €182,407 | -€13,508 | -6.9% |
| Plant, machinery and equipment | 23 | €1,701 | €381 | -€1,320 | -77.6% |
| Furniture and vehicles | 24 | €21,385 | €21,859 | +€474 | +2.2% |
| Current assets | 29/58 | €64,205 | €17,318 | -€46,887 | -73.0% |
| Amounts receivable within one year | 40/41 | €55,247 | €17,318 | -€37,929 | -68.7% |
| Trade receivables | 40 | €54,837 | €15,842 | -€38,995 | -71.1% |
| Other amounts receivable | 41 | €410 | €1,476 | +€1,066 | +260.0% |
| Cash at bank and in hand | 54/58 | €8,958 | - | -€8,958 | |
| Total equity and liabilities | 10/49 | €283,206 | €221,965 | -€61,241 | -21.6% |
| Equity | 10/15 | €89,169 | €311 | -€88,858 | -99.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €118,139 | €109,464 | -€8,675 | -7.3% |
| Reserves | 13 | €3,469 | €3,469 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,469 | €3,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,412 | -€174,595 | -€80,183 | -84.9% |
| Amounts payable | 17/49 | €194,037 | €221,654 | +€27,617 | +14.2% |
| Amounts payable after more than one year | 17 | €88,500 | €56,519 | -€31,981 | -36.1% |
| Financial debts | 170/4 | €88,500 | €56,519 | -€31,981 | -36.1% |
| Amounts payable within one year | 42/48 | €94,749 | €158,673 | +€63,924 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €5,667 | €12,921 | +€7,254 | +128.0% |
| Trade debts | 44 | €30,228 | €27,899 | -€2,329 | -7.7% |
| Suppliers | 440/4 | €30,228 | €27,899 | -€2,329 | -7.7% |
| Taxes, remuneration and social security | 45 | €1,100 | €697 | -€403 | -36.6% |
| Taxes | 450/3 | €1,100 | €697 | -€403 | -36.6% |
| Other amounts payable | 47/48 | €57,754 | €117,156 | +€59,402 | +102.9% |
| Accrued charges and deferred income | 492/3 | €10,788 | €6,462 | -€4,326 | -40.1% |
| Remuneration, social security and pensions | 62 | €90,141 | €92,817 | +€2,676 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,088 | €19,735 | +€1,647 | +9.1% |
| Other operating charges | 640/8 | €3,178 | €2,041 | -€1,137 | -35.8% |
| Gross operating margin | 9900 | €69,348 | €41,768 | -€27,580 | -39.8% |
| Operating profit (loss) | 9901 | -€42,059 | -€72,825 | -€30,766 | -73.1% |
| Financial income | 75/76B | €28,675 | €8,752 | -€19,923 | -69.5% |
| Recurring financial income | 75 | €28,675 | €77 | -€28,598 | -99.7% |
| Non-recurring financial income | 76B | €28,675 | €8,675 | -€20,000 | -69.7% |
| Financial charges | 65/66B | €8,825 | €11,074 | +€2,249 | +25.5% |
| Recurring financial charges | 65 | €8,825 | €11,074 | +€2,249 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,209 | -€75,147 | -€52,938 | -238.4% |
| Income taxes | 67/77 | €12,666 | €5,036 | -€7,630 | -60.2% |
| Profit (loss) for the period | 9904 | -€34,875 | -€80,183 | -€45,308 | -129.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,875 | -€80,183 | -€45,308 | -129.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.