Graphie: 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.
Graphie
Largest movements
- Cash +€26,983
up €26,983 (+199%), from €13,553 to €40,535
mainly Tax, wage and social debts (+€17,714) and Stocks and contracts (+€13,309)
- Stocks and contracts -€13,309
down €13,309 (-7.4%), from €179,548 to €166,239
- Receivables within one year -€8,892
down €8,892 (-25.0%), from €35,501 to €26,609
of which Trade receivables: -€8,088
- Tangible fixed assets -€2,920
down €2,920 (-54.9%), from €5,313 to €2,394
of which Furniture and vehicles: -€2,392
- Tax, wage and social debts +€17,714
up €17,714 (+87.8%), from €20,168 to €37,882
of which Remuneration and social security: +€9,686
- Trade debts -€11,992
down €11,992 (-19.9%), from €60,197 to €48,205
- Current portion of long-term debt -€7,046
no longer reported in 2025 (was €7,046)
- Short-term financial debts +€7,000
up €7,000 (+23.3%), from €30,000 to €37,000
- Other debts -€4,822
down €4,822 (-23.5%), from €20,510 to €15,688
- Gross operating margin -€56,611
down €56,611 (-55.0%), from €103,010 to €46,399
- Write-downs -€50,981
down €50,981, from €28,694 to -€22,287
- Taxes -€3,009
down €3,009 (-53.0%), from €5,673 to €2,664
- Depreciation -€2,281
down €2,281 (-43.9%), from €5,201 to €2,920
- Staff costs +€1,771
up €1,771 (+4.2%), from €42,606 to €44,377
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.
Derived cash bridge
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 | €234,113 | €235,975 | +€1,862 | +0.8% |
| Fixed assets | 21/28 | €5,511 | €2,592 | -€2,920 | -53.0% |
| Tangible fixed assets | 22/27 | €5,313 | €2,394 | -€2,920 | -54.9% |
| Furniture and vehicles | 24 | €4,785 | €2,394 | -€2,392 | -50.0% |
| Other tangible fixed assets | 26 | €528 | - | -€528 | |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €228,602 | €233,383 | +€4,781 | +2.1% |
| Stocks and contracts in progress | 3 | €179,548 | €166,239 | -€13,309 | -7.4% |
| Stocks | 30/36 | €179,548 | €166,239 | -€13,309 | -7.4% |
| Amounts receivable within one year | 40/41 | €35,501 | €26,609 | -€8,892 | -25.0% |
| Trade receivables | 40 | €30,861 | €22,773 | -€8,088 | -26.2% |
| Other amounts receivable | 41 | €4,640 | €3,836 | -€804 | -17.3% |
| Cash at bank and in hand | 54/58 | €13,553 | €40,535 | +€26,983 | +199% |
| Total equity and liabilities | 10/49 | €234,113 | €235,975 | +€1,862 | +0.8% |
| Equity | 10/15 | €95,747 | €95,748 | +€0 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,961 | €24,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,101 | €23,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,186 | €52,187 | +€0 | 0.0% |
| Amounts payable | 17/49 | €138,366 | €140,227 | +€1,862 | +1.3% |
| Amounts payable within one year | 42/48 | €137,921 | €138,776 | +€855 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €7,046 | - | -€7,046 | |
| Financial debts | 43 | €30,000 | €37,000 | +€7,000 | +23.3% |
| Credit institutions | 430/8 | €30,000 | €37,000 | +€7,000 | +23.3% |
| Trade debts | 44 | €60,197 | €48,205 | -€11,992 | -19.9% |
| Suppliers | 440/4 | €60,197 | €48,205 | -€11,992 | -19.9% |
| Taxes, remuneration and social security | 45 | €20,168 | €37,882 | +€17,714 | +87.8% |
| Taxes | 450/3 | €6,992 | €15,020 | +€8,028 | +115% |
| Remuneration and social security | 454/9 | €13,176 | €22,862 | +€9,686 | +73.5% |
| Other amounts payable | 47/48 | €20,510 | €15,688 | -€4,822 | -23.5% |
| Accrued charges and deferred income | 492/3 | €445 | €1,452 | +€1,007 | +226% |
| Remuneration, social security and pensions | 62 | €42,606 | €44,377 | +€1,771 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,201 | €2,920 | -€2,281 | -43.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,694 | -€22,287 | -€50,981 | |
| Other operating charges | 640/8 | - | €658 | +€658 | |
| Non-recurring operating charges | 66A | - | €6,005 | +€6,005 | |
| Gross operating margin | 9900 | €103,010 | €46,399 | -€56,611 | -55.0% |
| Operating profit (loss) | 9901 | €26,509 | €14,727 | -€11,782 | -44.4% |
| Financial income | 75/76B | €35 | €0 | -€35 | -99.2% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -99.2% |
| Financial charges | 65/66B | €5,427 | €6,175 | +€748 | +13.8% |
| Recurring financial charges | 65 | €5,427 | €6,175 | +€748 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €21,118 | €8,552 | -€12,565 | -59.5% |
| Income taxes | 67/77 | €5,673 | €2,664 | -€3,009 | -53.0% |
| Profit (loss) for the period | 9904 | €15,445 | €5,888 | -€9,557 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,445 | €5,888 | -€9,557 | -61.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.