GRAHAM VINCENT: 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.
GRAHAM VINCENT
Largest movements
- Cash -€2,990
down €2,990 (-81.9%), from €3,648 to €659
mainly Tax, wage and social debts (-€8,527) and Deferred charges and accrued income (-€146)
- Receivables within one year -€1,204
down €1,204 (-1.5%), from €77,863 to €76,658
of which Other amounts receivable: -€1,005
- Tax, wage and social debts -€8,527
down €8,527 (-97.7%), from €8,732 to €204
- Short-term financial debts +€3,871
new in 2025: €3,871
- Gross operating margin -€12,747
down €12,747, from €11,072 to -€1,676
- Financial income +€3,733
new in 2025: €3,733
- Taxes -€2,312
down €2,312 (-91.9%), from €2,517 to €204
- Other operating charges -€841
down €841 (-66.0%), from €1,275 to €434
- Financial charges +€174
up €174 (+33.9%), from €512 to €686
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 | €81,511 | €77,463 | -€4,048 | -5.0% |
| Current assets | 29/58 | €81,511 | €77,463 | -€4,048 | -5.0% |
| Amounts receivable within one year | 40/41 | €77,863 | €76,658 | -€1,204 | -1.5% |
| Trade receivables | 40 | €15,510 | €15,311 | -€199 | -1.3% |
| Other amounts receivable | 41 | €62,353 | €61,347 | -€1,005 | -1.6% |
| Cash at bank and in hand | 54/58 | €3,648 | €659 | -€2,990 | -81.9% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €81,511 | €77,463 | -€4,048 | -5.0% |
| Equity | 10/15 | €69,514 | €70,247 | +€733 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,379 | €44,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,494 | €1,494 | = | 0.0% |
| Distributable reserves | 133 | €41,026 | €41,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,543 | €7,276 | +€733 | +11.2% |
| Amounts payable | 17/49 | €11,997 | €7,216 | -€4,781 | -39.9% |
| Amounts payable within one year | 42/48 | €11,997 | €7,216 | -€4,781 | -39.9% |
| Financial debts | 43 | - | €3,871 | +€3,871 | |
| Credit institutions | 430/8 | - | €3,871 | +€3,871 | |
| Trade debts | 44 | €3,265 | €3,141 | -€124 | -3.8% |
| Suppliers | 440/4 | €3,265 | €3,141 | -€124 | -3.8% |
| Taxes, remuneration and social security | 45 | €8,732 | €204 | -€8,527 | -97.7% |
| Taxes | 450/3 | €8,732 | €204 | -€8,527 | -97.7% |
| Other operating charges | 640/8 | €1,275 | €434 | -€841 | -66.0% |
| Gross operating margin | 9900 | €11,072 | -€1,676 | -€12,747 | |
| Operating profit (loss) | 9901 | €9,797 | -€2,110 | -€11,907 | |
| Financial income | 75/76B | - | €3,733 | +€3,733 | |
| Recurring financial income | 75 | - | €3,733 | +€3,733 | |
| Financial charges | 65/66B | €512 | €686 | +€174 | +33.9% |
| Recurring financial charges | 65 | €512 | €686 | +€174 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €9,285 | €938 | -€8,347 | -89.9% |
| Income taxes | 67/77 | €2,517 | €204 | -€2,312 | -91.9% |
| Profit (loss) for the period | 9904 | €6,768 | €733 | -€6,035 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,768 | €733 | -€6,035 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.