Grafinformatika: 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.
Grafinformatika
Largest movements
- Receivables within one year +€25,668
up €25,668 (+229.3%), from €11,194 to €36,862
of which Trade receivables: +€26,356
- Cash -€24,728
down €24,728 (-23.6%), from €104,598 to €79,869
mainly Other debts (-€27,428) and Receivables within one year (-€25,668)
- Tangible fixed assets -€2,469
down €2,469 (-18.2%), from €13,566 to €11,097
of which Furniture and vehicles: -€1,244
- Receivables after one year +€2,076
new in 2025: €2,076
- Profit (loss) carried forward +€35,642
up €35,642 (+1520.8%), from €2,344 to €37,986
- Other debts -€27,428
down €27,428 (-88.5%), from €31,000 to €3,572
- Tax, wage and social debts -€7,667
down €7,667 (-70.9%), from €10,817 to €3,150
of which Taxes: -€7,667
- Gross operating margin +€9,136
up €9,136 (+24.0%), from €38,056 to €47,192
- Taxes +€2,069
up €2,069 (+30.1%), from €6,868 to €8,937
- Depreciation -€1,210
down €1,210 (-32.9%), from €3,679 to €2,469
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 | €155,161 | €155,708 | +€547 | +0.4% |
| Fixed assets | 21/28 | €39,369 | €36,901 | -€2,469 | -6.3% |
| Tangible fixed assets | 22/27 | €13,566 | €11,097 | -€2,469 | -18.2% |
| Plant, machinery and equipment | 23 | €5,149 | €3,924 | -€1,225 | -23.8% |
| Furniture and vehicles | 24 | €8,417 | €7,173 | -€1,244 | -14.8% |
| Financial fixed assets | 28 | €25,804 | €25,804 | = | 0.0% |
| Current assets | 29/58 | €115,792 | €118,807 | +€3,015 | +2.6% |
| Amounts receivable after more than one year | 29 | - | €2,076 | +€2,076 | |
| Other amounts receivable | 291 | - | €2,076 | +€2,076 | |
| Amounts receivable within one year | 40/41 | €11,194 | €36,862 | +€25,668 | +229.3% |
| Trade receivables | 40 | €10,448 | €36,804 | +€26,356 | +252.3% |
| Other amounts receivable | 41 | €746 | €58 | -€688 | -92.2% |
| Cash at bank and in hand | 54/58 | €104,598 | €79,869 | -€24,728 | -23.6% |
| Total equity and liabilities | 10/49 | €155,161 | €155,708 | +€547 | +0.4% |
| Equity | 10/15 | €113,344 | €148,986 | +€35,642 | +31.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €110,000 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,344 | €37,986 | +€35,642 | +1520.8% |
| Amounts payable | 17/49 | €41,817 | €6,722 | -€35,095 | -83.9% |
| Amounts payable within one year | 42/48 | €41,817 | €6,722 | -€35,095 | -83.9% |
| Taxes, remuneration and social security | 45 | €10,817 | €3,150 | -€7,667 | -70.9% |
| Taxes | 450/3 | €7,667 | - | -€7,667 | |
| Remuneration and social security | 454/9 | €3,150 | €3,150 | = | 0.0% |
| Other amounts payable | 47/48 | €31,000 | €3,572 | -€27,428 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,679 | €2,469 | -€1,210 | -32.9% |
| Other operating charges | 640/8 | - | €14 | +€14 | |
| Gross operating margin | 9900 | €38,056 | €47,192 | +€9,136 | +24.0% |
| Operating profit (loss) | 9901 | €34,377 | €44,709 | +€10,332 | +30.1% |
| Financial charges | 65/66B | €42 | €130 | +€88 | +208.1% |
| Recurring financial charges | 65 | €42 | €130 | +€88 | +208.1% |
| Profit (loss) for the period before taxes | 9903 | €34,335 | €44,579 | +€10,244 | +29.8% |
| Income taxes | 67/77 | €6,868 | €8,937 | +€2,069 | +30.1% |
| Profit (loss) for the period | 9904 | €27,467 | €35,642 | +€8,175 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,467 | €35,642 | +€8,175 | +29.8% |
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.