GRAPHIC DESIGN: 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.
GRAPHIC DESIGN
Largest movements
- Receivables within one year -€11,843
down €11,843 (-40.9%), from €28,943 to €17,099
of which Trade receivables: -€5,950
- Stocks and contracts +€10,480
up €10,480 (+27.7%), from €37,893 to €48,373
of which Contracts in progress: +€7,520
- Tangible fixed assets +€6,793
up €6,793 (+13.9%), from €48,835 to €55,628
of which Leasing and similar rights: +€7,306
- Cash -€2,297
down €2,297 (-18.3%), from €12,571 to €10,274
mainly Investment in fixed assets (net) (-€16,149) and Stocks and contracts (-€10,480)
- Current portion of long-term debt -€6,729
down €6,729 (-13.1%), from €51,457 to €44,728
- Tax, wage and social debts +€3,083
up €3,083 (+27.3%), from €11,278 to €14,361
of which Taxes: +€5,458
- Profit (loss) carried forward +€2,293
up €2,293 (+17.4%), from -€13,144 to -€10,852
- Trade debts +€2,280
up €2,280 (+24.1%), from €9,469 to €11,749
- Gross operating margin -€14,289
down €14,289 (-13.4%), from €106,256 to €91,967
- Staff costs -€13,160
down €13,160 (-16.0%), from €82,080 to €68,920
- Taxes +€4,393
up €4,393 (+2260.1%), from €194 to €4,588
- Write-downs -€1,845
down €1,845 (-100.0%), from €1,845 to €0
- Financial income -€1,064
down €1,064 (-93.6%), from €1,136 to €73
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 | €128,242 | €131,375 | +€3,133 | +2.4% |
| Fixed assets | 21/28 | €48,835 | €55,628 | +€6,793 | +13.9% |
| Tangible fixed assets | 22/27 | €48,835 | €55,628 | +€6,793 | +13.9% |
| Land and buildings | 22 | €21,270 | €21,270 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,220 | €2,435 | +€1,215 | +99.6% |
| Furniture and vehicles | 24 | €2,135 | €1,086 | -€1,049 | -49.1% |
| Leasing and similar rights | 25 | €21,493 | €28,800 | +€7,306 | +34.0% |
| Other tangible fixed assets | 26 | €2,716 | €2,037 | -€679 | -25.0% |
| Current assets | 29/58 | €79,407 | €75,747 | -€3,660 | -4.6% |
| Stocks and contracts in progress | 3 | €37,893 | €48,373 | +€10,480 | +27.7% |
| Stocks | 30/36 | €34,968 | €37,928 | +€2,960 | +8.5% |
| Contracts in progress | 37 | €2,925 | €10,445 | +€7,520 | +257.1% |
| Amounts receivable within one year | 40/41 | €28,943 | €17,099 | -€11,843 | -40.9% |
| Trade receivables | 40 | €22,797 | €16,848 | -€5,950 | -26.1% |
| Other amounts receivable | 41 | €6,146 | €252 | -€5,894 | -95.9% |
| Cash at bank and in hand | 54/58 | €12,571 | €10,274 | -€2,297 | -18.3% |
| Total equity and liabilities | 10/49 | €128,242 | €131,375 | +€3,133 | +2.4% |
| Equity | 10/15 | €30,041 | €32,333 | +€2,293 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,585 | €24,585 | = | 0.0% |
| Distributable reserves | 133 | €24,585 | €24,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,144 | -€10,852 | +€2,293 | +17.4% |
| Amounts payable | 17/49 | €98,201 | €99,042 | +€841 | +0.9% |
| Amounts payable after more than one year | 17 | €24,127 | €24,916 | +€788 | +3.3% |
| Financial debts | 170/4 | €24,127 | €24,916 | +€788 | +3.3% |
| Amounts payable within one year | 42/48 | €74,074 | €74,126 | +€52 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €51,457 | €44,728 | -€6,729 | -13.1% |
| Trade debts | 44 | €9,469 | €11,749 | +€2,280 | +24.1% |
| Suppliers | 440/4 | €9,469 | €11,749 | +€2,280 | +24.1% |
| Advances received on contracts in progress | 46 | €1,395 | €2,295 | +€900 | +64.5% |
| Taxes, remuneration and social security | 45 | €11,278 | €14,361 | +€3,083 | +27.3% |
| Taxes | 450/3 | €6,006 | €11,465 | +€5,458 | +90.9% |
| Remuneration and social security | 454/9 | €5,271 | €2,896 | -€2,375 | -45.1% |
| Other amounts payable | 47/48 | €475 | €994 | +€519 | +109.3% |
| Remuneration, social security and pensions | 62 | €82,080 | €68,920 | -€13,160 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,921 | €9,356 | -€565 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,845 | €0 | -€1,845 | -100.0% |
| Other operating charges | 640/8 | €1,398 | €1,653 | +€255 | +18.3% |
| Gross operating margin | 9900 | €106,256 | €91,967 | -€14,289 | -13.4% |
| Operating profit (loss) | 9901 | €11,012 | €12,038 | +€1,026 | +9.3% |
| Financial income | 75/76B | €1,136 | €73 | -€1,064 | -93.6% |
| Recurring financial income | 75 | €1,136 | €73 | -€1,064 | -93.6% |
| Financial charges | 65/66B | €6,032 | €5,230 | -€802 | -13.3% |
| Recurring financial charges | 65 | €6,032 | €5,230 | -€802 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €6,116 | €6,880 | +€764 | +12.5% |
| Income taxes | 67/77 | €194 | €4,588 | +€4,393 | +2260.1% |
| Profit (loss) for the period | 9904 | €5,921 | €2,293 | -€3,629 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,921 | €2,293 | -€3,629 | -61.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.