GRAPHICA IMMO: 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.
GRAPHICA IMMO
Largest movements
- Cash -€25,284
down €25,284 (-61.6%), from €41,021 to €15,737
mainly Investment in fixed assets (net) (-€66,732) and Debts after one year (-€38,724)
- Tangible fixed assets -€11,792
down €11,792 (-1.2%), from €1.0m to €990,868
- Other debts +€41,680
up €41,680 (+8.9%), from €470,938 to €512,617
- Debts after one year -€38,724
down €38,724 (-25.2%), from €153,915 to €115,190
- Current portion of long-term debt -€37,144
down €37,144 (-33.8%), from €109,963 to €72,819
- Trade debts +€12,940
up €12,940 (+25.6%), from €50,632 to €63,572
- Gross operating margin +€19,431
up €19,431 (+24.7%), from €78,814 to €98,245
- Depreciation +€14,414
up €14,414 (+22.5%), from €64,109 to €78,523
- Provisions +€10,805
up €10,805 (+62.4%), from -€17,319 to -€6,514
- Financial charges +€1,295
up €1,295 (+11.8%), from €11,014 to €12,309
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 | €1,045,847 | €1,008,878 | -€36,969 | -3.5% |
| Fixed assets | 21/28 | €1,002,928 | €991,137 | -€11,792 | -1.2% |
| Tangible fixed assets | 22/27 | €1,002,659 | €990,868 | -€11,792 | -1.2% |
| Land and buildings | 22 | €1,002,659 | €990,868 | -€11,792 | -1.2% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €42,919 | €17,741 | -€25,177 | -58.7% |
| Cash at bank and in hand | 54/58 | €41,021 | €15,737 | -€25,284 | -61.6% |
| Deferred charges and accrued income | 490/1 | €1,898 | €2,005 | +€107 | +5.6% |
| Total equity and liabilities | 10/49 | €1,045,847 | €1,008,878 | -€36,969 | -3.5% |
| Equity | 10/15 | €144,500 | €139,205 | -€5,295 | -3.7% |
| Contributions | 10/11 | €36,823 | €36,823 | = | 0.0% |
| Reserves | 13 | €81,983 | €73,705 | -€8,278 | -10.1% |
| Non-distributable reserves | 130/1 | €3,000 | €3,500 | +€500 | +16.7% |
| Reserves not available under the articles | 1311 | €3,000 | €3,500 | +€500 | +16.7% |
| Tax-exempt reserves | 132 | €78,983 | €70,205 | -€8,778 | -11.1% |
| Profit (loss) carried forward | 14 | €25,694 | €28,677 | +€2,983 | +11.6% |
| Provisions and deferred taxes | 16 | €112,978 | €103,538 | -€9,439 | -8.4% |
| Provisions for liabilities and charges | 160/5 | €86,650 | €80,137 | -€6,514 | -7.5% |
| Major repairs and maintenance | 162 | €85,530 | €80,137 | -€5,394 | -6.3% |
| Other liabilities and charges | 164/5 | €1,120 | - | -€1,120 | |
| Deferred taxes | 168 | €26,328 | €23,402 | -€2,926 | -11.1% |
| Amounts payable | 17/49 | €788,369 | €766,134 | -€22,235 | -2.8% |
| Amounts payable after more than one year | 17 | €153,915 | €115,190 | -€38,724 | -25.2% |
| Financial debts | 170/4 | €153,915 | €115,190 | -€38,724 | -25.2% |
| Amounts payable within one year | 42/48 | €633,532 | €650,458 | +€16,925 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €109,963 | €72,819 | -€37,144 | -33.8% |
| Trade debts | 44 | €50,632 | €63,572 | +€12,940 | +25.6% |
| Suppliers | 440/4 | €50,632 | €63,572 | +€12,940 | +25.6% |
| Taxes, remuneration and social security | 45 | €2,000 | €1,450 | -€550 | -27.5% |
| Taxes | 450/3 | €2,000 | €1,450 | -€550 | -27.5% |
| Other amounts payable | 47/48 | €470,938 | €512,617 | +€41,680 | +8.9% |
| Accrued charges and deferred income | 492/3 | €922 | €486 | -€436 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,109 | €78,523 | +€14,414 | +22.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,319 | -€6,514 | +€10,805 | +62.4% |
| Other operating charges | 640/8 | €19,475 | €20,232 | +€758 | +3.9% |
| Gross operating margin | 9900 | €78,814 | €98,245 | +€19,431 | +24.7% |
| Operating profit (loss) | 9901 | €12,548 | €6,003 | -€6,546 | -52.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11,014 | €12,309 | +€1,295 | +11.8% |
| Recurring financial charges | 65 | €11,014 | €12,309 | +€1,295 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €1,535 | -€6,307 | -€7,842 | |
| Transfer from deferred taxes | 780 | €1,347 | €2,926 | +€1,579 | +117.2% |
| Income taxes | 67/77 | €1,981 | €1,914 | -€67 | -3.4% |
| Profit (loss) for the period | 9904 | €901 | -€5,295 | -€6,196 | |
| Transfer from tax-exempt reserves | 789 | €4,041 | €8,778 | +€4,737 | +117.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,942 | €3,483 | -€1,459 | -29.5% |
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 7 October 2026 via checked.be.