GRAPH-IT: 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.
GRAPH-IT
Largest movements
- Cash -€12,693
down €12,693 (-7.6%), from €167,807 to €155,114
mainly Receivables within one year (-€8,571) and Investment in fixed assets (net) (-€7,971)
- Receivables within one year +€8,571
up €8,571 (+21.0%), from €40,807 to €49,378
of which Other amounts receivable: +€15,635
- Current investments +€7,500
up €7,500 (+19.7%), from €38,000 to €45,500
- Tangible fixed assets +€3,202
up €3,202 (+9.8%), from €32,740 to €35,942
of which Furniture and vehicles: +€5,053
- Reserves +€19,626
up €19,626 (+8.3%), from €236,502 to €256,128
of which Distributable reserves: +€19,626
- Other debts -€7,608
down €7,608 (-100.0%), from €7,608 to €0
- Current portion of long-term debt -€6,841
down €6,841 (-100.0%), from €6,841 to €0
- Debts after one year -€3,560
down €3,560 (-100.0%), from €3,560 to €0
- Gross operating margin -€30,985
down €30,985 (-45.4%), from €68,186 to €37,201
- Taxes -€5,884
down €5,884 (-35.7%), from €16,487 to €10,602
- Depreciation -€4,377
down €4,377 (-47.9%), from €9,146 to €4,769
- Other operating charges +€1,767
up €1,767 (+302.4%), from €584 to €2,351
- Financial income +€1,069
up €1,069 (+87.0%), from €1,229 to €2,298
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 | €289,200 | €295,422 | +€6,222 | +2.2% |
| Fixed assets | 21/28 | €32,740 | €35,942 | +€3,202 | +9.8% |
| Tangible fixed assets | 22/27 | €32,740 | €35,942 | +€3,202 | +9.8% |
| Land and buildings | 22 | €1,413 | €1,237 | -€177 | -12.5% |
| Plant, machinery and equipment | 23 | €211 | - | -€211 | |
| Furniture and vehicles | 24 | €25,013 | €30,067 | +€5,053 | +20.2% |
| Other tangible fixed assets | 26 | €6,103 | €4,638 | -€1,464 | -24.0% |
| Current assets | 29/58 | €256,460 | €259,480 | +€3,020 | +1.2% |
| Stocks and contracts in progress | 3 | €8,369 | €7,350 | -€1,019 | -12.2% |
| Stocks | 30/36 | €8,369 | €7,350 | -€1,019 | -12.2% |
| Amounts receivable within one year | 40/41 | €40,807 | €49,378 | +€8,571 | +21.0% |
| Trade receivables | 40 | €40,807 | €33,743 | -€7,064 | -17.3% |
| Other amounts receivable | 41 | €0 | €15,635 | +€15,635 | |
| Current investments | 50/53 | €38,000 | €45,500 | +€7,500 | +19.7% |
| Cash at bank and in hand | 54/58 | €167,807 | €155,114 | -€12,693 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,477 | €2,138 | +€661 | +44.8% |
| Total equity and liabilities | 10/49 | €289,200 | €295,422 | +€6,222 | +2.2% |
| Equity | 10/15 | €242,702 | €262,328 | +€19,626 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €236,502 | €256,128 | +€19,626 | +8.3% |
| Tax-exempt reserves | 132 | €167 | €167 | = | 0.0% |
| Distributable reserves | 133 | €236,335 | €255,961 | +€19,626 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,498 | €33,093 | -€13,404 | -28.8% |
| Amounts payable after more than one year | 17 | €3,560 | €0 | -€3,560 | -100.0% |
| Financial debts | 170/4 | €3,560 | €0 | -€3,560 | -100.0% |
| Amounts payable within one year | 42/48 | €42,858 | €33,093 | -€9,764 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €6,841 | €0 | -€6,841 | -100.0% |
| Financial debts | 43 | - | €304 | +€304 | |
| Credit institutions | 430/8 | - | €304 | +€304 | |
| Trade debts | 44 | €15,012 | €16,805 | +€1,794 | +11.9% |
| Suppliers | 440/4 | €15,012 | €16,805 | +€1,794 | +11.9% |
| Taxes, remuneration and social security | 45 | €13,397 | €15,984 | +€2,587 | +19.3% |
| Taxes | 450/3 | €13,397 | €15,984 | +€2,587 | +19.3% |
| Other amounts payable | 47/48 | €7,608 | €0 | -€7,608 | -100.0% |
| Accrued charges and deferred income | 492/3 | €81 | €0 | -€81 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,146 | €4,769 | -€4,377 | -47.9% |
| Other operating charges | 640/8 | €584 | €2,351 | +€1,767 | +302.4% |
| Non-recurring operating charges | 66A | - | €985 | +€985 | |
| Gross operating margin | 9900 | €68,186 | €37,201 | -€30,985 | -45.4% |
| Operating profit (loss) | 9901 | €58,455 | €29,095 | -€29,360 | -50.2% |
| Financial income | 75/76B | €1,229 | €2,298 | +€1,069 | +87.0% |
| Recurring financial income | 75 | €1,229 | €2,298 | +€1,069 | +87.0% |
| Financial charges | 65/66B | €2,090 | €1,164 | -€925 | -44.3% |
| Recurring financial charges | 65 | €2,090 | €1,164 | -€925 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €57,594 | €30,228 | -€27,366 | -47.5% |
| Income taxes | 67/77 | €16,487 | €10,602 | -€5,884 | -35.7% |
| Profit (loss) for the period | 9904 | €41,108 | €19,626 | -€21,481 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,108 | €19,626 | -€21,481 | -52.3% |
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.