GRAPHIC STUDIO: 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 STUDIO
Largest movements
- Receivables within one year +€188,754
up €188,754 (+25771.0%), from €732 to €189,487
of which Other amounts receivable: +€188,754
- Receivables after one year -€180,575
down €180,575 (-100.0%), from €180,575 to €0
- Profit (loss) carried forward -€215,043
down €215,043, from €76,301 to -€138,742
- Trade debts +€201,637
up €201,637 (+2840.5%), from €7,099 to €208,735
- Other debts +€20,138
new in 2025: €20,138
- Gross operating margin -€209,242
down €209,242 (-9542.5%), from -€2,193 to -€211,434
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 | €191,787 | €198,519 | +€6,732 | +3.5% |
| Fixed assets | 21/28 | €10,307 | €8,436 | -€1,871 | -18.2% |
| Tangible fixed assets | 22/27 | €9,910 | €8,039 | -€1,871 | -18.9% |
| Land and buildings | 22 | €9,910 | €8,039 | -€1,871 | -18.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €181,480 | €190,084 | +€8,604 | +4.7% |
| Amounts receivable after more than one year | 29 | €180,575 | €0 | -€180,575 | -100.0% |
| Other amounts receivable | 291 | €180,575 | €0 | -€180,575 | -100.0% |
| Amounts receivable within one year | 40/41 | €732 | €189,487 | +€188,754 | +25771.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €732 | €189,487 | +€188,754 | +25771.0% |
| Cash at bank and in hand | 54/58 | €173 | €597 | +€424 | +245.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €191,787 | €198,519 | +€6,732 | +3.5% |
| Equity | 10/15 | €183,282 | -€31,761 | -€215,043 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €75,994 | €75,994 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €72,896 | €72,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,301 | -€138,742 | -€215,043 | |
| Amounts payable | 17/49 | €8,505 | €230,280 | +€221,775 | +2607.6% |
| Amounts payable within one year | 42/48 | €8,505 | €230,280 | +€221,775 | +2607.6% |
| Trade debts | 44 | €7,099 | €208,735 | +€201,637 | +2840.5% |
| Suppliers | 440/4 | €7,099 | €208,735 | +€201,637 | +2840.5% |
| Taxes, remuneration and social security | 45 | €1,406 | €1,406 | = | 0.0% |
| Taxes | 450/3 | €1,406 | €1,406 | = | 0.0% |
| Other amounts payable | 47/48 | - | €20,138 | +€20,138 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,138 | €1,871 | -€267 | -12.5% |
| Other operating charges | 640/8 | €2,047 | €1,254 | -€793 | -38.7% |
| Gross operating margin | 9900 | -€2,193 | -€211,434 | -€209,242 | -9542.5% |
| Operating profit (loss) | 9901 | -€6,378 | -€214,560 | -€208,182 | -3263.9% |
| Financial income | 75/76B | €0 | €65 | +€65 | |
| Recurring financial income | 75 | €0 | €65 | +€65 | |
| Financial charges | 65/66B | €247 | €548 | +€301 | +122.0% |
| Recurring financial charges | 65 | €247 | €548 | +€301 | +122.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,625 | -€215,043 | -€208,418 | -3145.9% |
| Profit (loss) for the period | 9904 | -€6,625 | -€215,043 | -€208,418 | -3145.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,625 | -€215,043 | -€208,418 | -3145.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.