GRAPHILITY BELGIUM: 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.
GRAPHILITY BELGIUM
Largest movements
- Cash -€26,291
down €26,291 (-27.0%), from €97,238 to €70,948
mainly Receivables within one year (-€18,358) and Other debts (-€14,519)
- Receivables within one year +€18,358
up €18,358 (+85.2%), from €21,549 to €39,907
of which Trade receivables: +€15,401
- Tangible fixed assets -€4,316
down €4,316 (-41.8%), from €10,321 to €6,005
of which Plant, machinery and equipment: -€8,416
- Trade debts +€17,768
up €17,768 (+57.4%), from €30,960 to €48,728
- Other debts -€14,519
no longer reported in 2025 (was €14,519)
- Tax, wage and social debts -€8,779
down €8,779 (-39.1%), from €22,446 to €13,667
of which Taxes: -€8,618
- Accrued charges and deferred income -€5,520
no longer reported in 2025 (was €5,520)
- Short-term financial debts -€2,209
no longer reported in 2025 (was €2,209)
- Gross operating margin +€81,026
up €81,026 (+29,612%), from €274 to €81,299
- Taxes +€23,177
up €23,177 (+14,009%), from €165 to €23,343
- Staff costs +€10,539
up €10,539 (+28.6%), from €36,802 to €47,341
- Depreciation -€1,985
down €1,985 (-25.2%), from €7,887 to €5,902
- Financial charges -€1,405
down €1,405 (-41.3%), from €3,404 to €1,999
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 | €129,437 | €117,316 | -€12,121 | -9.4% |
| Fixed assets | 21/28 | €10,517 | €6,201 | -€4,316 | -41.0% |
| Tangible fixed assets | 22/27 | €10,321 | €6,005 | -€4,316 | -41.8% |
| Plant, machinery and equipment | 23 | €8,416 | - | -€8,416 | |
| Furniture and vehicles | 24 | €1,905 | €1,797 | -€108 | -5.7% |
| Other tangible fixed assets | 26 | - | €4,208 | +€4,208 | |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €118,920 | €111,115 | -€7,805 | -6.6% |
| Amounts receivable within one year | 40/41 | €21,549 | €39,907 | +€18,358 | +85.2% |
| Trade receivables | 40 | €11,979 | €27,380 | +€15,401 | +129% |
| Other amounts receivable | 41 | €9,570 | €12,527 | +€2,957 | +30.9% |
| Cash at bank and in hand | 54/58 | €97,238 | €70,948 | -€26,291 | -27.0% |
| Deferred charges and accrued income | 490/1 | €133 | €261 | +€128 | +96.4% |
| Total equity and liabilities | 10/49 | €129,437 | €117,316 | -€12,121 | -9.4% |
| Equity | 10/15 | €53,782 | €54,921 | +€1,139 | +2.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,582 | €53,721 | +€1,139 | +2.2% |
| Amounts payable | 17/49 | €75,655 | €62,395 | -€13,260 | -17.5% |
| Amounts payable within one year | 42/48 | €70,135 | €62,395 | -€7,740 | -11.0% |
| Financial debts | 43 | €2,209 | - | -€2,209 | |
| Credit institutions | 430/8 | €2,209 | - | -€2,209 | |
| Trade debts | 44 | €30,960 | €48,728 | +€17,768 | +57.4% |
| Suppliers | 440/4 | €30,960 | €48,728 | +€17,768 | +57.4% |
| Taxes, remuneration and social security | 45 | €22,446 | €13,667 | -€8,779 | -39.1% |
| Taxes | 450/3 | €16,745 | €8,128 | -€8,618 | -51.5% |
| Remuneration and social security | 454/9 | €5,701 | €5,540 | -€161 | -2.8% |
| Other amounts payable | 47/48 | €14,519 | - | -€14,519 | |
| Accrued charges and deferred income | 492/3 | €5,520 | - | -€5,520 | |
| Non-recurring operating income | 76A | - | €23,195 | +€23,195 | |
| Remuneration, social security and pensions | 62 | €36,802 | €47,341 | +€10,539 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,887 | €5,902 | -€1,985 | -25.2% |
| Other operating charges | 640/8 | €601 | €1,438 | +€837 | +139% |
| Non-recurring operating charges | 66A | - | €148 | +€148 | |
| Gross operating margin | 9900 | €274 | €81,299 | +€81,026 | +29,612% |
| Operating profit (loss) | 9901 | -€45,017 | €26,469 | +€71,487 | |
| Financial income | 75/76B | €15 | €11 | -€4 | -24.3% |
| Recurring financial income | 75 | €15 | €11 | -€4 | -24.3% |
| Financial charges | 65/66B | €3,404 | €1,999 | -€1,405 | -41.3% |
| Recurring financial charges | 65 | €3,404 | €1,999 | -€1,405 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,406 | €24,482 | +€72,888 | |
| Income taxes | 67/77 | €165 | €23,343 | +€23,177 | +14,009% |
| Profit (loss) for the period | 9904 | -€48,572 | €1,139 | +€49,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,572 | €1,139 | +€49,710 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.