GRAFIMEDICS: 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.
GRAFIMEDICS
Largest movements
- Receivables within one year -€530,820
down €530,820 (-37.8%), from €1.4m to €874,660
of which Trade receivables: -€347,247
- Deferred charges and accrued income +€46,579
up €46,579 (+1025.2%), from €4,543 to €51,122
- Trade debts -€504,884
down €504,884 (-44.2%), from €1.1m to €637,421
- Other debts +€88,564
up €88,564, from €0 to €88,564
- Reserves -€52,232
down €52,232 (-11.8%), from €444,162 to €391,931
of which Distributable reserves: -€52,232
- Tax, wage and social debts -€21,907
down €21,907 (-30.9%), from €70,878 to €48,972
of which Taxes: -€24,593
- Staff costs +€49,222
up €49,222 (+14.9%), from €329,250 to €378,472
- Gross operating margin -€25,901
down €25,901 (-7.2%), from €357,289 to €331,389
- Financial income +€21,387
up €21,387 (+692.7%), from €3,087 to €24,474
- Depreciation -€11,339
down €11,339 (-48.7%), from €23,299 to €11,960
- Other operating charges -€7,084
down €7,084 (-69.2%), from €10,238 to €3,154
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 | €1,703,629 | €1,211,571 | -€492,058 | -28.9% |
| Fixed assets | 21/28 | €16,933 | €8,968 | -€7,965 | -47.0% |
| Tangible fixed assets | 22/27 | €16,933 | €8,968 | -€7,965 | -47.0% |
| Plant, machinery and equipment | 23 | €15,093 | €7,253 | -€7,840 | -51.9% |
| Furniture and vehicles | 24 | €1,840 | €1,715 | -€125 | -6.8% |
| Current assets | 29/58 | €1,686,696 | €1,202,603 | -€484,093 | -28.7% |
| Stocks and contracts in progress | 3 | €274,713 | €273,086 | -€1,628 | -0.6% |
| Stocks | 30/36 | €274,713 | €273,086 | -€1,628 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,405,480 | €874,660 | -€530,820 | -37.8% |
| Trade receivables | 40 | €1,090,482 | €743,235 | -€347,247 | -31.8% |
| Other amounts receivable | 41 | €314,999 | €131,425 | -€183,574 | -58.3% |
| Cash at bank and in hand | 54/58 | €1,959 | €3,736 | +€1,776 | +90.7% |
| Deferred charges and accrued income | 490/1 | €4,543 | €51,122 | +€46,579 | +1025.2% |
| Total equity and liabilities | 10/49 | €1,703,629 | €1,211,571 | -€492,058 | -28.9% |
| Equity | 10/15 | €450,368 | €398,136 | -€52,232 | -11.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €444,162 | €391,931 | -€52,232 | -11.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €444,162 | €391,931 | -€52,232 | -11.8% |
| Amounts payable | 17/49 | €1,253,261 | €813,435 | -€439,826 | -35.1% |
| Amounts payable after more than one year | 17 | €7,409 | €0 | -€7,409 | -100.0% |
| Financial debts | 170/4 | €7,409 | €0 | -€7,409 | -100.0% |
| Amounts payable within one year | 42/48 | €1,245,852 | €813,418 | -€432,434 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €8,815 | €7,409 | -€1,406 | -15.9% |
| Financial debts | 43 | €23,853 | €31,052 | +€7,199 | +30.2% |
| Credit institutions | 430/8 | €23,321 | €28,690 | +€5,370 | +23.0% |
| Other loans | 439 | €533 | €2,362 | +€1,829 | +343.3% |
| Trade debts | 44 | €1,142,304 | €637,421 | -€504,884 | -44.2% |
| Suppliers | 440/4 | €1,142,304 | €637,421 | -€504,884 | -44.2% |
| Taxes, remuneration and social security | 45 | €70,878 | €48,972 | -€21,907 | -30.9% |
| Taxes | 450/3 | €32,265 | €7,672 | -€24,593 | -76.2% |
| Remuneration and social security | 454/9 | €38,613 | €41,300 | +€2,686 | +7.0% |
| Other amounts payable | 47/48 | €0 | €88,564 | +€88,564 | |
| Accrued charges and deferred income | 492/3 | €0 | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €329,250 | €378,472 | +€49,222 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,299 | €11,960 | -€11,339 | -48.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,238 | €3,154 | -€7,084 | -69.2% |
| Gross operating margin | 9900 | €357,289 | €331,389 | -€25,901 | -7.2% |
| Operating profit (loss) | 9901 | -€5,498 | -€62,197 | -€56,699 | -1031.3% |
| Financial income | 75/76B | €3,087 | €24,474 | +€21,387 | +692.7% |
| Recurring financial income | 75 | €3,087 | €24,474 | +€21,387 | +692.7% |
| Financial charges | 65/66B | €15,795 | €13,616 | -€2,178 | -13.8% |
| Recurring financial charges | 65 | €15,795 | €13,616 | -€2,178 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,205 | -€51,339 | -€33,134 | -182.0% |
| Income taxes | 67/77 | €970 | €892 | -€78 | -8.0% |
| Profit (loss) for the period | 9904 | -€19,176 | -€52,232 | -€33,056 | -172.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,176 | -€52,232 | -€33,056 | -172.4% |
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 1 October 2026 via checked.be.