GRAFLINE: 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.
GRAFLINE
Largest movements
- Receivables within one year +€55,347
up €55,347 (+95.8%), from €57,749 to €113,096
of which Trade receivables: +€44,347
- Tangible fixed assets -€10,079
down €10,079 (-8.2%), from €123,394 to €113,315
- Cash -€9,482
down €9,482 (-7.0%), from €135,946 to €126,464
mainly Receivables within one year (-€55,347) and Contributions, distributions and other (-€25,000)
- Profit (loss) carried forward +€30,898
up €30,898 (+51.3%), from €60,229 to €91,127
- Other debts +€24,979
up €24,979 (+6661.3%), from €375 to €25,354
- Debts after one year -€22,439
down €22,439 (-47.0%), from €47,742 to €25,303
- Trade debts +€4,664
up €4,664 (+9.3%), from €50,350 to €55,014
- Gross operating margin +€20,330
up €20,330 (+10.2%), from €200,175 to €220,505
- Staff costs -€13,163
down €13,163 (-9.7%), from €135,277 to €122,114
- Write-downs -€6,541
down €6,541, from €6,467 to -€74
- Depreciation +€5,988
up €5,988 (+25.6%), from €23,366 to €29,354
- Taxes +€2,547
up €2,547 (+39.3%), from €6,481 to €9,028
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 | €328,744 | €370,162 | +€41,419 | +12.6% |
| Formation expenses | 20 | €1,126 | €512 | -€614 | -54.5% |
| Fixed assets | 21/28 | €128,194 | €121,640 | -€6,554 | -5.1% |
| Intangible fixed assets | 21 | - | €3,525 | +€3,525 | |
| Tangible fixed assets | 22/27 | €123,394 | €113,315 | -€10,079 | -8.2% |
| Land and buildings | 22 | €46,988 | €43,429 | -€3,559 | -7.6% |
| Plant, machinery and equipment | 23 | €59,456 | €55,447 | -€4,008 | -6.7% |
| Furniture and vehicles | 24 | €16,950 | €12,815 | -€4,136 | -24.4% |
| Other tangible fixed assets | 26 | - | €1,624 | +€1,624 | |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €199,424 | €248,010 | +€48,586 | +24.4% |
| Amounts receivable within one year | 40/41 | €57,749 | €113,096 | +€55,347 | +95.8% |
| Trade receivables | 40 | €57,749 | €102,096 | +€44,347 | +76.8% |
| Other amounts receivable | 41 | - | €11,000 | +€11,000 | |
| Cash at bank and in hand | 54/58 | €135,946 | €126,464 | -€9,482 | -7.0% |
| Deferred charges and accrued income | 490/1 | €5,729 | €8,450 | +€2,722 | +47.5% |
| Total equity and liabilities | 10/49 | €328,744 | €370,162 | +€41,419 | +12.6% |
| Equity | 10/15 | €162,229 | €193,127 | +€30,898 | +19.0% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Capital | 10 | - | €102,000 | +€102,000 | |
| Issued capital | 100 | - | €102,000 | +€102,000 | |
| Profit (loss) carried forward | 14 | €60,229 | €91,127 | +€30,898 | +51.3% |
| Amounts payable | 17/49 | €166,515 | €177,036 | +€10,521 | +6.3% |
| Amounts payable after more than one year | 17 | €47,742 | €25,303 | -€22,439 | -47.0% |
| Financial debts | 170/4 | €47,742 | €25,303 | -€22,439 | -47.0% |
| Amounts payable within one year | 42/48 | €115,660 | €149,614 | +€33,954 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €21,552 | €22,439 | +€887 | +4.1% |
| Trade debts | 44 | €50,350 | €55,014 | +€4,664 | +9.3% |
| Suppliers | 440/4 | €50,350 | €55,014 | +€4,664 | +9.3% |
| Taxes, remuneration and social security | 45 | €43,383 | €46,806 | +€3,424 | +7.9% |
| Taxes | 450/3 | €28,011 | €24,333 | -€3,678 | -13.1% |
| Remuneration and social security | 454/9 | €15,372 | €22,473 | +€7,102 | +46.2% |
| Other amounts payable | 47/48 | €375 | €25,354 | +€24,979 | +6661.3% |
| Accrued charges and deferred income | 492/3 | €3,112 | €2,119 | -€993 | -31.9% |
| Non-recurring operating income | 76A | €1,189 | - | -€1,189 | |
| Remuneration, social security and pensions | 62 | €135,277 | €122,114 | -€13,163 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,366 | €29,354 | +€5,988 | +25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,467 | -€74 | -€6,541 | |
| Other operating charges | 640/8 | €1,966 | €1,468 | -€498 | -25.3% |
| Gross operating margin | 9900 | €200,175 | €220,505 | +€20,330 | +10.2% |
| Operating profit (loss) | 9901 | €33,099 | €67,642 | +€34,543 | +104.4% |
| Financial income | 75/76B | €1 | €6 | +€5 | +320.5% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +320.5% |
| Financial charges | 65/66B | €4,179 | €2,723 | -€1,456 | -34.8% |
| Recurring financial charges | 65 | €4,179 | €2,723 | -€1,456 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €28,922 | €64,926 | +€36,004 | +124.5% |
| Income taxes | 67/77 | €6,481 | €9,028 | +€2,547 | +39.3% |
| Profit (loss) for the period | 9904 | €22,441 | €55,898 | +€33,457 | +149.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,441 | €55,898 | +€33,457 | +149.1% |
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 7 October 2026 via checked.be.