Graphic Art: what changed
What changed
Graphic Art
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
-€124,172
2024 · -€96,974-€27,198
Equity
-€200,071
2024 · -€75,899-€124,172
Cash
€3,943
2024 · €7,077-€3,134
Balance sheet total
€376,679
2024 · €478,374-€101,694
Largest movements
Assets
- Tangible fixed assets -€83,351
down €83,351 (-20.4%), from €409,319 to €325,969
of which Leasing and similar rights: -€78,865
- Receivables within one year -€12,016
down €12,016 (-29.6%), from €40,573 to €28,558
of which Other amounts receivable: -€15,140
Equity and liabilities
- Profit (loss) carried forward -€124,172
down €124,172 (-128%), from -€96,974 to -€221,146
- Trade debts +€107,424
up €107,424 (+87.3%), from €122,988 to €230,411
- Debts after one year -€48,891
down €48,891 (-15.7%), from €311,799 to €262,908
of which Financial debts: -€79,297
- Other debts -€22,650
down €22,650 (-100%), from €22,650 to €0
- Tax, wage and social debts -€11,927
down €11,927 (-100%), from €11,927 to €0
of which Taxes: -€8,739
Income statement
- Depreciation +€73,644
up €73,644 (+563%), from €13,081 to €86,724
- Gross operating margin +€42,358
up €42,358 (+58.9%), from -€71,879 to -€29,521
- Financial charges +€5,404
up €5,404 (+297%), from €1,822 to €7,226
- Taxes -€965
down €965 (-98.4%), from €981 to €16
- Financial income -€796
down €796 (-70.3%), from €1,131 to €335
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€96,974
Gross operating margin
+€42,358
Depreciation
-€73,644
Other operating charges
-€428
Other operating items
+€9,750
Financial income
-€796
Financial charges
-€5,404
Taxes
+€965
Result 2025
-€124,172
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,093
Investment
-€1,858
Financing
-€50,369
Cash 2024
€7,077
From operations (derived)
+€49,093
Net result for the year
-€124,172
Depreciation
+€86,724
Receivables within one year
+€12,016
Deferred charges and accrued income
+€1,678
Trade debts
+€107,424
Tax, wage and social debts
-€11,927
Other debts
-€22,650
Investment (derived)
-€1,858
Investment in fixed assets (net)
-€1,858
Financing
-€50,369
Debts after one year
-€48,891
Current portion of long-term debt
-€5,844
Short-term financial debts
+€4,365
Cash 2025
€3,943
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,374 | €376,679 | -€101,694 | -21.3% |
| Fixed assets | 21/28 | €414,417 | €329,551 | -€84,866 | -20.5% |
| Intangible fixed assets | 21 | €150 | €2,606 | +€2,455 | +1,635% |
| Tangible fixed assets | 22/27 | €409,319 | €325,969 | -€83,351 | -20.4% |
| Plant, machinery and equipment | 23 | €16,838 | €13,700 | -€3,138 | -18.6% |
| Furniture and vehicles | 24 | €2,233 | €1,122 | -€1,112 | -49.8% |
| Leasing and similar rights | 25 | €387,924 | €309,059 | -€78,865 | -20.3% |
| Other tangible fixed assets | 26 | €2,324 | €2,088 | -€237 | -10.2% |
| Financial fixed assets | 28 | €4,948 | €977 | -€3,971 | -80.3% |
| Current assets | 29/58 | €63,956 | €47,128 | -€16,828 | -26.3% |
| Amounts receivable within one year | 40/41 | €40,573 | €28,558 | -€12,016 | -29.6% |
| Trade receivables | 40 | €18,686 | €21,810 | +€3,124 | +16.7% |
| Other amounts receivable | 41 | €21,888 | €6,748 | -€15,140 | -69.2% |
| Cash at bank and in hand | 54/58 | €7,077 | €3,943 | -€3,134 | -44.3% |
| Deferred charges and accrued income | 490/1 | €16,306 | €14,628 | -€1,678 | -10.3% |
| Total equity and liabilities | 10/49 | €478,374 | €376,679 | -€101,694 | -21.3% |
| Equity | 10/15 | -€75,899 | -€200,071 | -€124,172 | -164% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €14,276 | €14,276 | = | 0.0% |
| Distributable reserves | 133 | €14,276 | €14,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,974 | -€221,146 | -€124,172 | -128% |
| Amounts payable | 17/49 | €554,272 | €576,750 | +€22,478 | +4.1% |
| Amounts payable after more than one year | 17 | €311,799 | €262,908 | -€48,891 | -15.7% |
| Financial debts | 170/4 | €311,799 | €232,503 | -€79,297 | -25.4% |
| Other amounts payable | 178/9 | - | €30,406 | +€30,406 | |
| Amounts payable within one year | 42/48 | €242,473 | €313,842 | +€71,369 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €84,909 | €79,065 | -€5,844 | -6.9% |
| Financial debts | 43 | - | €4,365 | +€4,365 | |
| Credit institutions | 430/8 | - | €4,365 | +€4,365 | |
| Trade debts | 44 | €122,988 | €230,411 | +€107,424 | +87.3% |
| Suppliers | 440/4 | €122,988 | €230,411 | +€107,424 | +87.3% |
| Taxes, remuneration and social security | 45 | €11,927 | €0 | -€11,927 | -100% |
| Taxes | 450/3 | €8,739 | €0 | -€8,739 | -100% |
| Remuneration and social security | 454/9 | €3,188 | €0 | -€3,188 | -100% |
| Other amounts payable | 47/48 | €22,650 | €0 | -€22,650 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,081 | €86,724 | +€73,644 | +563% |
| Other operating charges | 640/8 | €592 | €1,020 | +€428 | +72.3% |
| Non-recurring operating charges | 66A | €9,750 | €0 | -€9,750 | -100% |
| Gross operating margin | 9900 | -€71,879 | -€29,521 | +€42,358 | +58.9% |
| Operating profit (loss) | 9901 | -€95,302 | -€117,265 | -€21,963 | -23.0% |
| Financial income | 75/76B | €1,131 | €335 | -€796 | -70.3% |
| Recurring financial income | 75 | €1,131 | €335 | -€796 | -70.3% |
| Financial charges | 65/66B | €1,822 | €7,226 | +€5,404 | +297% |
| Recurring financial charges | 65 | €1,822 | €7,226 | +€5,404 | +297% |
| Profit (loss) for the period before taxes | 9903 | -€95,993 | -€124,156 | -€28,163 | -29.3% |
| Income taxes | 67/77 | €981 | €16 | -€965 | -98.4% |
| Profit (loss) for the period | 9904 | -€96,974 | -€124,172 | -€27,198 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,974 | -€124,172 | -€27,198 | -28.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.