GRAFFIX: 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.
GRAFFIX
Largest movements
- Receivables after one year -€350,000
down €350,000 (-100.0%), from €350,000 to €0
- Cash +€226,277
up €226,277 (+1625.8%), from €13,918 to €240,195
mainly Receivables after one year (+€350,000) and Current investments (+€11,445)
- Current investments -€11,445
down €11,445 (-76.3%), from €15,002 to €3,557
- Profit (loss) carried forward -€113,841
down €113,841 (-47.5%), from -€239,891 to -€353,731
- Trade debts -€12,137
down €12,137 (-60.8%), from €19,969 to €7,832
- Gross operating margin +€55,306
up €55,306 (+50.3%), from -€109,869 to -€54,564
- Financial income +€41,641
up €41,641 (+413.2%), from €10,079 to €51,720
of which Financial income: +€41,641
- Financial charges +€20,642
up €20,642 (+636.4%), from €3,243 to €23,885
- Staff costs +€5,938
up €5,938 (+8.3%), from €71,696 to €77,634
- Depreciation -€1,683
down €1,683 (-19.4%), from €8,695 to €7,012
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 | €817,986 | €683,584 | -€134,402 | -16.4% |
| Fixed assets | 21/28 | €58,196 | €52,774 | -€5,421 | -9.3% |
| Tangible fixed assets | 22/27 | €38,695 | €33,274 | -€5,421 | -14.0% |
| Plant, machinery and equipment | 23 | €0 | €1,501 | +€1,501 | |
| Furniture and vehicles | 24 | €9,984 | €7,213 | -€2,770 | -27.7% |
| Other tangible fixed assets | 26 | €28,712 | €24,560 | -€4,152 | -14.5% |
| Financial fixed assets | 28 | €19,500 | €19,500 | = | 0.0% |
| Current assets | 29/58 | €759,790 | €630,810 | -€128,981 | -17.0% |
| Amounts receivable after more than one year | 29 | €350,000 | €0 | -€350,000 | -100.0% |
| Other amounts receivable | 291 | €350,000 | €0 | -€350,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €380,475 | €384,675 | +€4,200 | +1.1% |
| Trade receivables | 40 | €24,144 | €25,294 | +€1,150 | +4.8% |
| Other amounts receivable | 41 | €356,331 | €359,381 | +€3,050 | +0.9% |
| Current investments | 50/53 | €15,002 | €3,557 | -€11,445 | -76.3% |
| Cash at bank and in hand | 54/58 | €13,918 | €240,195 | +€226,277 | +1625.8% |
| Deferred charges and accrued income | 490/1 | €396 | €2,383 | +€1,987 | +501.5% |
| Total equity and liabilities | 10/49 | €817,986 | €683,584 | -€134,402 | -16.4% |
| Equity | 10/15 | €744,709 | €630,868 | -€113,841 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €965,999 | €965,999 | = | 0.0% |
| Distributable reserves | 133 | €965,999 | €965,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,891 | -€353,731 | -€113,841 | -47.5% |
| Amounts payable | 17/49 | €73,277 | €52,716 | -€20,561 | -28.1% |
| Amounts payable within one year | 42/48 | €73,277 | €52,716 | -€20,561 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €246 | €85 | -€161 | -65.5% |
| Credit institutions | 430/8 | €246 | €85 | -€161 | -65.5% |
| Trade debts | 44 | €19,969 | €7,832 | -€12,137 | -60.8% |
| Suppliers | 440/4 | €19,969 | €7,832 | -€12,137 | -60.8% |
| Taxes, remuneration and social security | 45 | €16,043 | €10,533 | -€5,510 | -34.3% |
| Taxes | 450/3 | €3,281 | €3,994 | +€713 | +21.7% |
| Remuneration and social security | 454/9 | €12,762 | €6,539 | -€6,223 | -48.8% |
| Other amounts payable | 47/48 | €37,019 | €34,266 | -€2,753 | -7.4% |
| Remuneration, social security and pensions | 62 | €71,696 | €77,634 | +€5,938 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,695 | €7,012 | -€1,683 | -19.4% |
| Other operating charges | 640/8 | €2,748 | €2,313 | -€435 | -15.8% |
| Gross operating margin | 9900 | -€109,869 | -€54,564 | +€55,306 | +50.3% |
| Operating profit (loss) | 9901 | -€193,008 | -€141,523 | +€51,485 | +26.7% |
| Financial income | 75/76B | €10,079 | €51,720 | +€41,641 | +413.2% |
| Recurring financial income | 75 | €10,079 | €51,720 | +€41,641 | +413.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,243 | €23,885 | +€20,642 | +636.4% |
| Recurring financial charges | 65 | €3,243 | €23,885 | +€20,642 | +636.4% |
| Profit (loss) for the period before taxes | 9903 | -€186,173 | -€113,689 | +€72,485 | +38.9% |
| Income taxes | 67/77 | €216 | €152 | -€64 | -29.6% |
| Profit (loss) for the period | 9904 | -€186,389 | -€113,841 | +€72,549 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,389 | -€113,841 | +€72,549 | +38.9% |
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.