Graphic Experts Associate: 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 Experts Associate
Largest movements
- Cash +€15,775
up €15,775 (+72.7%), from €21,685 to €37,460
mainly Receivables within one year (+€14,982) and Depreciation (+€14,633)
- Receivables within one year -€14,982
down €14,982 (-17.3%), from €86,551 to €71,569
of which Trade receivables: -€30,687
- Tangible fixed assets -€10,951
down €10,951 (-34.2%), from €32,033 to €21,082
of which Furniture and vehicles: -€10,118
- Intangible fixed assets -€1,858
down €1,858 (-44.8%), from €4,145 to €2,287
- Trade debts -€17,713
down €17,713 (-87.2%), from €20,311 to €2,598
- Reserves +€8,500
up €8,500 (+23.6%), from €36,000 to €44,500
of which Non-distributable reserves: +€15,820
- Debts after one year -€3,805
down €3,805 (-100.0%), from €3,805 to €0
- Gross operating margin -€17,106
down €17,106 (-34.2%), from €49,949 to €32,843
- Taxes -€6,113
down €6,113 (-46.7%), from €13,083 to €6,971
- Financial income +€737
up €737 (+125.4%), from €587 to €1,324
- Financial charges -€623
down €623 (-50.2%), from €1,242 to €619
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,415 | €132,399 | -€12,016 | -8.3% |
| Fixed assets | 21/28 | €36,178 | €23,369 | -€12,809 | -35.4% |
| Intangible fixed assets | 21 | €4,145 | €2,287 | -€1,858 | -44.8% |
| Tangible fixed assets | 22/27 | €32,033 | €21,082 | -€10,951 | -34.2% |
| Plant, machinery and equipment | 23 | €479 | €210 | -€269 | -56.1% |
| Furniture and vehicles | 24 | €29,021 | €18,904 | -€10,118 | -34.9% |
| Other tangible fixed assets | 26 | €2,533 | €1,969 | -€564 | -22.3% |
| Current assets | 29/58 | €108,237 | €109,030 | +€793 | +0.7% |
| Amounts receivable within one year | 40/41 | €86,551 | €71,569 | -€14,982 | -17.3% |
| Trade receivables | 40 | €71,718 | €41,031 | -€30,687 | -42.8% |
| Other amounts receivable | 41 | €14,833 | €30,538 | +€15,705 | +105.9% |
| Cash at bank and in hand | 54/58 | €21,685 | €37,460 | +€15,775 | +72.7% |
| Total equity and liabilities | 10/49 | €144,415 | €132,399 | -€12,016 | -8.3% |
| Equity | 10/15 | €58,150 | €66,688 | +€8,538 | +14.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €36,000 | €44,500 | +€8,500 | +23.6% |
| Non-distributable reserves | 130/1 | - | €15,820 | +€15,820 | |
| Other | 1319 | - | €15,820 | +€15,820 | |
| Distributable reserves | 133 | €36,000 | €28,680 | -€7,320 | -20.3% |
| Profit (loss) carried forward | 14 | €1,699 | €1,737 | +€38 | +2.3% |
| Amounts payable | 17/49 | €86,265 | €65,711 | -€20,554 | -23.8% |
| Amounts payable after more than one year | 17 | €3,805 | €0 | -€3,805 | -100.0% |
| Financial debts | 170/4 | €3,805 | €0 | -€3,805 | -100.0% |
| Amounts payable within one year | 42/48 | €82,460 | €65,711 | -€16,749 | -20.3% |
| Trade debts | 44 | €20,311 | €2,598 | -€17,713 | -87.2% |
| Suppliers | 440/4 | €20,311 | €2,598 | -€17,713 | -87.2% |
| Advances received on contracts in progress | 46 | €40,132 | €40,132 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,018 | €22,982 | +€964 | +4.4% |
| Taxes | 450/3 | €22,018 | €22,982 | +€964 | +4.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,410 | €14,633 | +€224 | +1.6% |
| Other operating charges | 640/8 | €3,202 | €3,406 | +€203 | +6.3% |
| Gross operating margin | 9900 | €49,949 | €32,843 | -€17,106 | -34.2% |
| Operating profit (loss) | 9901 | €32,337 | €14,804 | -€17,533 | -54.2% |
| Financial income | 75/76B | €587 | €1,324 | +€737 | +125.4% |
| Recurring financial income | 75 | €587 | €1,324 | +€737 | +125.4% |
| Financial charges | 65/66B | €1,242 | €619 | -€623 | -50.2% |
| Recurring financial charges | 65 | €1,242 | €619 | -€623 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €31,682 | €15,509 | -€16,173 | -51.0% |
| Income taxes | 67/77 | €13,083 | €6,971 | -€6,113 | -46.7% |
| Profit (loss) for the period | 9904 | €18,598 | €8,538 | -€10,060 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,598 | €8,538 | -€10,060 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.