Graphic & Aesthetic: 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.
Graphic & Aesthetic
Largest movements
- Tangible fixed assets +€18,701
up €18,701 (+161%), from €11,581 to €30,282
of which Leasing and similar rights: +€22,138
- Receivables within one year +€10,831
up €10,831 (+93.2%), from €11,623 to €22,454
of which Trade receivables: +€11,667
- Cash -€3,886
down €3,886 (-7.1%), from €54,923 to €51,036
mainly Investment in fixed assets (net) (-€23,995) and Contributions, distributions and other (-€16,800)
- Stocks and contracts +€1,818
up €1,818 (+17.0%), from €10,701 to €12,519
- Debts after one year +€15,511
new in 2025: €15,511
- Profit (loss) carried forward +€6,867
up €6,867 (+19.3%), from €35,597 to €42,464
- Current portion of long-term debt +€4,941
new in 2025: €4,941
- Tax, wage and social debts -€4,367
down €4,367 (-22.3%), from €19,575 to €15,208
of which Taxes: -€4,237
- Trade debts +€2,925
up €2,925 (+57.4%), from €5,099 to €8,024
- Gross operating margin +€15,768
up €15,768 (+21.9%), from €72,149 to €87,917
- Taxes +€4,589
up €4,589 (+83.4%), from €5,500 to €10,089
- Depreciation +€1,711
up €1,711 (+47.8%), from €3,582 to €5,294
- Staff costs +€1,692
up €1,692 (+3.9%), from €43,782 to €45,474
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 | €94,464 | €122,808 | +€28,344 | +30.0% |
| Fixed assets | 21/28 | €11,581 | €30,282 | +€18,701 | +161% |
| Tangible fixed assets | 22/27 | €11,581 | €30,282 | +€18,701 | +161% |
| Plant, machinery and equipment | 23 | €2,636 | €1,697 | -€939 | -35.6% |
| Furniture and vehicles | 24 | €8,945 | €6,447 | -€2,498 | -27.9% |
| Leasing and similar rights | 25 | - | €22,138 | +€22,138 | |
| Current assets | 29/58 | €82,883 | €92,526 | +€9,643 | +11.6% |
| Stocks and contracts in progress | 3 | €10,701 | €12,519 | +€1,818 | +17.0% |
| Stocks | 30/36 | €10,701 | €12,519 | +€1,818 | +17.0% |
| Amounts receivable within one year | 40/41 | €11,623 | €22,454 | +€10,831 | +93.2% |
| Trade receivables | 40 | €9,316 | €20,982 | +€11,667 | +125% |
| Other amounts receivable | 41 | €2,307 | €1,472 | -€835 | -36.2% |
| Cash at bank and in hand | 54/58 | €54,923 | €51,036 | -€3,886 | -7.1% |
| Deferred charges and accrued income | 490/1 | €5,637 | €6,516 | +€879 | +15.6% |
| Total equity and liabilities | 10/49 | €94,464 | €122,808 | +€28,344 | +30.0% |
| Equity | 10/15 | €55,495 | €62,362 | +€6,867 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,298 | €1,298 | = | 0.0% |
| Distributable reserves | 133 | €1,298 | €1,298 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,597 | €42,464 | +€6,867 | +19.3% |
| Amounts payable | 17/49 | €38,969 | €60,446 | +€21,477 | +55.1% |
| Amounts payable after more than one year | 17 | - | €15,511 | +€15,511 | |
| Financial debts | 170/4 | - | €15,511 | +€15,511 | |
| Amounts payable within one year | 42/48 | €36,438 | €42,453 | +€6,015 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,941 | +€4,941 | |
| Trade debts | 44 | €5,099 | €8,024 | +€2,925 | +57.4% |
| Suppliers | 440/4 | €5,099 | €8,024 | +€2,925 | +57.4% |
| Taxes, remuneration and social security | 45 | €19,575 | €15,208 | -€4,367 | -22.3% |
| Taxes | 450/3 | €10,920 | €6,683 | -€4,237 | -38.8% |
| Remuneration and social security | 454/9 | €8,654 | €8,525 | -€130 | -1.5% |
| Other amounts payable | 47/48 | €11,765 | €14,280 | +€2,515 | +21.4% |
| Accrued charges and deferred income | 492/3 | €2,530 | €2,482 | -€48 | -1.9% |
| Remuneration, social security and pensions | 62 | €43,782 | €45,474 | +€1,692 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,582 | €5,294 | +€1,711 | +47.8% |
| Other operating charges | 640/8 | €1,699 | €1,711 | +€12 | +0.7% |
| Gross operating margin | 9900 | €72,149 | €87,917 | +€15,768 | +21.9% |
| Operating profit (loss) | 9901 | €23,085 | €35,438 | +€12,353 | +53.5% |
| Financial income | 75/76B | €32 | €175 | +€143 | +446% |
| Recurring financial income | 75 | €32 | €175 | +€143 | +446% |
| Financial charges | 65/66B | €1,877 | €1,856 | -€21 | -1.1% |
| Recurring financial charges | 65 | €1,877 | €1,856 | -€21 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €21,240 | €33,756 | +€12,516 | +58.9% |
| Income taxes | 67/77 | €5,500 | €10,089 | +€4,589 | +83.4% |
| Profit (loss) for the period | 9904 | €15,740 | €23,667 | +€7,927 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,740 | €23,667 | +€7,927 | +50.4% |
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 26 October 2026 via checked.be.