GRAPHIDEC LETTRAGE: 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.
GRAPHIDEC LETTRAGE
Largest movements
- Tangible fixed assets +€38,778
up €38,778 (+168.9%), from €22,963 to €61,740
of which Plant, machinery and equipment: +€42,859
- Stocks and contracts -€9,954
down €9,954 (-34.0%), from €29,248 to €19,294
- Receivables within one year +€4,650
up €4,650 (+31.1%), from €14,955 to €19,604
of which Trade receivables: +€4,484
- Cash +€2,371
new in 2025: €2,371
mainly Debts after one year (+€30,163) and Depreciation (+€21,680)
- Debts after one year +€30,163
up €30,163 (+904.5%), from €3,335 to €33,498
- Trade debts +€7,925
up €7,925 (+67.2%), from €11,793 to €19,718
- Profit (loss) carried forward -€6,672
down €6,672 (-45.6%), from €14,630 to €7,958
- Current portion of long-term debt +€3,770
up €3,770 (+43.6%), from €8,653 to €12,423
- Tax, wage and social debts +€1,509
up €1,509 (+8.3%), from €18,163 to €19,673
of which Taxes: +€4,416
- Depreciation +€10,572
up €10,572 (+95.2%), from €11,108 to €21,680
- Staff costs +€6,722
up €6,722 (+8.2%), from €81,830 to €88,552
- Taxes -€2,419
no longer reported in 2025 (was €2,419)
- Gross operating margin +€1,254
up €1,254 (+1.2%), from €104,910 to €106,164
- Financial charges +€1,088
up €1,088 (+51.8%), from €2,100 to €3,187
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 | €67,733 | €103,556 | +€35,823 | +52.9% |
| Fixed assets | 21/28 | €22,963 | €61,740 | +€38,778 | +168.9% |
| Tangible fixed assets | 22/27 | €22,963 | €61,740 | +€38,778 | +168.9% |
| Plant, machinery and equipment | 23 | €8,633 | €51,492 | +€42,859 | +496.4% |
| Furniture and vehicles | 24 | €9,232 | €8,565 | -€668 | -7.2% |
| Leasing and similar rights | 25 | €5,097 | €1,683 | -€3,413 | -67.0% |
| Current assets | 29/58 | €44,770 | €41,815 | -€2,955 | -6.6% |
| Stocks and contracts in progress | 3 | €29,248 | €19,294 | -€9,954 | -34.0% |
| Stocks | 30/36 | €29,248 | €19,294 | -€9,954 | -34.0% |
| Amounts receivable within one year | 40/41 | €14,955 | €19,604 | +€4,650 | +31.1% |
| Trade receivables | 40 | €14,914 | €19,398 | +€4,484 | +30.1% |
| Other amounts receivable | 41 | €40 | €206 | +€166 | +412.5% |
| Cash at bank and in hand | 54/58 | - | €2,371 | +€2,371 | |
| Deferred charges and accrued income | 490/1 | €567 | €546 | -€22 | -3.8% |
| Total equity and liabilities | 10/49 | €67,733 | €103,556 | +€35,823 | +52.9% |
| Equity | 10/15 | €21,322 | €14,650 | -€6,672 | -31.3% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €491 | €491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €491 | €491 | = | 0.0% |
| Reserves not available under the articles | 1311 | €491 | €491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,630 | €7,958 | -€6,672 | -45.6% |
| Amounts payable | 17/49 | €46,411 | €88,905 | +€42,494 | +91.6% |
| Amounts payable after more than one year | 17 | €3,335 | €33,498 | +€30,163 | +904.5% |
| Financial debts | 170/4 | €3,335 | €33,498 | +€30,163 | +904.5% |
| Amounts payable within one year | 42/48 | €43,076 | €55,257 | +€12,181 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €8,653 | €12,423 | +€3,770 | +43.6% |
| Financial debts | 43 | €345 | - | -€345 | |
| Credit institutions | 430/8 | €345 | - | -€345 | |
| Trade debts | 44 | €11,793 | €19,718 | +€7,925 | +67.2% |
| Suppliers | 440/4 | €11,793 | €19,718 | +€7,925 | +67.2% |
| Taxes, remuneration and social security | 45 | €18,163 | €19,673 | +€1,509 | +8.3% |
| Taxes | 450/3 | €12,401 | €16,817 | +€4,416 | +35.6% |
| Remuneration and social security | 454/9 | €5,763 | €2,856 | -€2,907 | -50.4% |
| Other amounts payable | 47/48 | €4,122 | €3,444 | -€678 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €81,830 | €88,552 | +€6,722 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,108 | €21,680 | +€10,572 | +95.2% |
| Other operating charges | 640/8 | €2,994 | €2,877 | -€118 | -3.9% |
| Operating charges capitalised as restructuring costs | 649 | -€2,904 | -€3,459 | -€555 | -19.1% |
| Gross operating margin | 9900 | €104,910 | €106,164 | +€1,254 | +1.2% |
| Operating profit (loss) | 9901 | €11,882 | -€3,485 | -€15,368 | |
| Financial income | 75/76B | €168 | €1 | -€167 | -99.3% |
| Recurring financial income | 75 | €168 | €1 | -€167 | -99.3% |
| Financial charges | 65/66B | €2,100 | €3,187 | +€1,088 | +51.8% |
| Recurring financial charges | 65 | €2,100 | €3,187 | +€1,088 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €9,951 | -€6,672 | -€16,623 | |
| Income taxes | 67/77 | €2,419 | - | -€2,419 | |
| Profit (loss) for the period | 9904 | €7,532 | -€6,672 | -€14,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,532 | -€6,672 | -€14,203 |
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.