GRAPHIC DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Cash +€13,768
up €13,768 (+52.4%), from €26,289 to €40,057
mainly Depreciation (+€11,435) and Net result for the year (+€10,498)
- Tangible fixed assets -€9,205
down €9,205 (-15.9%), from €57,781 to €48,576
of which Furniture and vehicles: -€6,620
- Receivables within one year +€5,843
up €5,843 (+38.9%), from €15,020 to €20,863
of which Other amounts receivable: +€7,183
- Deferred charges and accrued income -€4,612
down €4,612 (-92.2%), from €5,000 to €388
- Reserves +€10,498
up €10,498 (+17.1%), from €61,452 to €71,949
- Debts after one year -€8,737
down €8,737 (-52.6%), from €16,618 to €7,881
- Trade debts +€3,351
up €3,351 (+169.2%), from €1,980 to €5,331
- Gross operating margin -€6,461
down €6,461 (-17.4%), from €37,110 to €30,649
- Depreciation -€5,247
down €5,247 (-31.5%), from €16,682 to €11,435
- Taxes -€1,077
down €1,077 (-15.5%), from €6,958 to €5,880
- Financial charges -€386
down €386 (-35.5%), from €1,088 to €702
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 | €104,090 | €109,885 | +€5,795 | +5.6% |
| Fixed assets | 21/28 | €57,781 | €48,576 | -€9,205 | -15.9% |
| Tangible fixed assets | 22/27 | €57,781 | €48,576 | -€9,205 | -15.9% |
| Land and buildings | 22 | €31,205 | €29,008 | -€2,197 | -7.0% |
| Plant, machinery and equipment | 23 | €387 | €0 | -€387 | -100.0% |
| Furniture and vehicles | 24 | €26,188 | €19,568 | -€6,620 | -25.3% |
| Current assets | 29/58 | €46,309 | €61,308 | +€14,999 | +32.4% |
| Amounts receivable within one year | 40/41 | €15,020 | €20,863 | +€5,843 | +38.9% |
| Trade receivables | 40 | €13,910 | €12,570 | -€1,340 | -9.6% |
| Other amounts receivable | 41 | €1,111 | €8,294 | +€7,183 | +646.8% |
| Cash at bank and in hand | 54/58 | €26,289 | €40,057 | +€13,768 | +52.4% |
| Deferred charges and accrued income | 490/1 | €5,000 | €388 | -€4,612 | -92.2% |
| Total equity and liabilities | 10/49 | €104,090 | €109,885 | +€5,795 | +5.6% |
| Equity | 10/15 | €67,649 | €78,147 | +€10,498 | +15.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €61,452 | €71,949 | +€10,498 | +17.1% |
| Distributable reserves | 133 | €61,452 | €71,949 | +€10,498 | +17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,441 | €31,738 | -€4,703 | -12.9% |
| Amounts payable after more than one year | 17 | €16,618 | €7,881 | -€8,737 | -52.6% |
| Financial debts | 170/4 | €16,618 | €7,881 | -€8,737 | -52.6% |
| Amounts payable within one year | 42/48 | €19,823 | €23,857 | +€4,034 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €8,430 | €8,737 | +€307 | +3.6% |
| Trade debts | 44 | €1,980 | €5,331 | +€3,351 | +169.2% |
| Suppliers | 440/4 | €1,980 | €5,331 | +€3,351 | +169.2% |
| Taxes, remuneration and social security | 45 | €5,098 | €5,603 | +€505 | +9.9% |
| Taxes | 450/3 | €5,098 | €3,214 | -€1,884 | -37.0% |
| Remuneration and social security | 454/9 | - | €2,389 | +€2,389 | |
| Other amounts payable | 47/48 | €4,314 | €4,185 | -€128 | -3.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,682 | €11,435 | -€5,247 | -31.5% |
| Other operating charges | 640/8 | €2,124 | €2,099 | -€25 | -1.2% |
| Gross operating margin | 9900 | €37,110 | €30,649 | -€6,461 | -17.4% |
| Operating profit (loss) | 9901 | €18,304 | €17,080 | -€1,224 | -6.7% |
| Financial income | 75/76B | €302 | €0 | -€302 | -100.0% |
| Recurring financial income | 75 | €302 | €0 | -€302 | -100.0% |
| Financial charges | 65/66B | €1,088 | €702 | -€386 | -35.5% |
| Recurring financial charges | 65 | €1,088 | €702 | -€386 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €17,518 | €16,378 | -€1,140 | -6.5% |
| Income taxes | 67/77 | €6,958 | €5,880 | -€1,077 | -15.5% |
| Profit (loss) for the period | 9904 | €10,560 | €10,498 | -€63 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,560 | €10,498 | -€63 | -0.6% |
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 2 October 2026 via checked.be.