Grafoman: what changed
Two financial 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.
Grafoman
Largest movements
- Deferred charges and accrued income -€47,710
down €47,710 (-76.8%), from €62,093 to €14,383
- Stocks and contracts -€39,000
down €39,000 (-84.8%), from €46,000 to €7,000
of which Contracts in progress: -€39,000
- Tangible fixed assets -€30,842
down €30,842 (-11.7%), from €262,624 to €231,782
of which Land and buildings: -€28,028
- Receivables within one year +€18,760
up €18,760 (+26.6%), from €70,553 to €89,312
of which Trade receivables: +€16,937
- Cash +€9,979
up €9,979 (+152%), from €6,568 to €16,546
mainly Deferred charges and accrued income (+€47,710) and Stocks and contracts (+€39,000)
- Profit (loss) carried forward -€54,036
down €54,036, from €23,948 to -€30,088
- Other debts -€31,452
no longer reported in 2025 (was €31,452)
- Debts after one year -€21,154
down €21,154 (-9.8%), from €215,343 to €194,189
- Trade debts +€11,078
up €11,078 (+24.9%), from €44,504 to €55,581
- Tax, wage and social debts +€9,378
up €9,378 (+15.0%), from €62,728 to €72,106
of which Taxes: +€12,626
- Gross operating margin -€59,289
down €59,289 (-23.2%), from €255,213 to €195,925
- Staff costs +€11,531
up €11,531 (+6.2%), from €185,140 to €196,671
- Taxes -€10,251
down €10,251 (-96.6%), from €10,612 to €361
- Financial income +€2,573
up €2,573 (+2,553%), from €101 to €2,673
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.
Derived cash bridge
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 | €447,888 | €359,075 | -€88,814 | -19.8% |
| Fixed assets | 21/28 | €262,675 | €231,833 | -€30,842 | -11.7% |
| Tangible fixed assets | 22/27 | €262,624 | €231,782 | -€30,842 | -11.7% |
| Land and buildings | 22 | €230,769 | €202,741 | -€28,028 | -12.1% |
| Plant, machinery and equipment | 23 | €22,791 | €19,467 | -€3,324 | -14.6% |
| Furniture and vehicles | 24 | €9,064 | €9,574 | +€510 | +5.6% |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €185,213 | €127,242 | -€57,972 | -31.3% |
| Stocks and contracts in progress | 3 | €46,000 | €7,000 | -€39,000 | -84.8% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Contracts in progress | 37 | €39,000 | - | -€39,000 | |
| Amounts receivable within one year | 40/41 | €70,553 | €89,312 | +€18,760 | +26.6% |
| Trade receivables | 40 | €68,248 | €85,184 | +€16,937 | +24.8% |
| Other amounts receivable | 41 | €2,305 | €4,128 | +€1,823 | +79.1% |
| Cash at bank and in hand | 54/58 | €6,568 | €16,546 | +€9,979 | +152% |
| Deferred charges and accrued income | 490/1 | €62,093 | €14,383 | -€47,710 | -76.8% |
| Total equity and liabilities | 10/49 | €447,888 | €359,075 | -€88,814 | -19.8% |
| Equity | 10/15 | €44,408 | -€9,628 | -€54,036 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,948 | -€30,088 | -€54,036 | |
| Amounts payable | 17/49 | €403,481 | €368,703 | -€34,778 | -8.6% |
| Amounts payable after more than one year | 17 | €215,343 | €194,189 | -€21,154 | -9.8% |
| Financial debts | 170/4 | €215,343 | €194,189 | -€21,154 | -9.8% |
| Amounts payable within one year | 42/48 | €188,138 | €174,514 | -€13,624 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €21,924 | €22,690 | +€766 | +3.5% |
| Financial debts | 43 | €27,531 | €24,137 | -€3,394 | -12.3% |
| Credit institutions | 430/8 | €27,531 | €24,137 | -€3,394 | -12.3% |
| Trade debts | 44 | €44,504 | €55,581 | +€11,078 | +24.9% |
| Suppliers | 440/4 | €44,504 | €55,581 | +€11,078 | +24.9% |
| Taxes, remuneration and social security | 45 | €62,728 | €72,106 | +€9,378 | +15.0% |
| Taxes | 450/3 | €24,734 | €37,361 | +€12,626 | +51.0% |
| Remuneration and social security | 454/9 | €37,993 | €34,745 | -€3,248 | -8.5% |
| Other amounts payable | 47/48 | €31,452 | - | -€31,452 | |
| Non-recurring operating income | 76A | €17,561 | - | -€17,561 | |
| Remuneration, social security and pensions | 62 | €185,140 | €196,671 | +€11,531 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,753 | €38,748 | -€6 | 0.0% |
| Other operating charges | 640/8 | €4,073 | €6,514 | +€2,441 | +59.9% |
| Gross operating margin | 9900 | €255,213 | €195,925 | -€59,289 | -23.2% |
| Operating profit (loss) | 9901 | €27,247 | -€46,007 | -€73,255 | |
| Financial income | 75/76B | €101 | €2,673 | +€2,573 | +2,553% |
| Recurring financial income | 75 | €101 | €2,673 | +€2,573 | +2,553% |
| Financial charges | 65/66B | €11,192 | €10,341 | -€851 | -7.6% |
| Recurring financial charges | 65 | €11,192 | €10,341 | -€851 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €16,156 | -€53,675 | -€69,831 | |
| Income taxes | 67/77 | €10,612 | €361 | -€10,251 | -96.6% |
| Profit (loss) for the period | 9904 | €5,544 | -€54,036 | -€59,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,544 | -€54,036 | -€59,580 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.