GRAPHINE: 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.
GRAPHINE
Largest movements
- Receivables within one year -€499,692
down €499,692 (-25.8%), from €1.9m to €1.4m
of which Trade receivables: -€543,873
- Cash +€386,231
up €386,231 (+87.2%), from €442,869 to €829,099
mainly Receivables within one year (+€499,692) and Current investments (+€97,265)
- Current investments -€97,265
down €97,265 (-100.0%), from €97,265 to €0
- Trade debts -€194,498
down €194,498 (-55.2%), from €352,434 to €157,937
- Profit (loss) carried forward -€110,398
down €110,398 (-9.5%), from €1.2m to €1.1m
- Tax, wage and social debts +€61,274
up €61,274 (+19.3%), from €317,657 to €378,931
of which Taxes: +€45,529
- Gross operating margin -€893,448
down €893,448 (-38.8%), from €2.3m to €1.4m
- Staff costs -€778,698
down €778,698 (-37.5%), from €2.1m to €1.3m
- Financial charges +€219,263
up €219,263, from €0 to €219,263
of which Financial charges: +€121,998
- Depreciation -€28,356
down €28,356 (-81.5%), from €34,806 to €6,450
- Other operating charges -€24,979
down €24,979 (-91.2%), from €27,381 to €2,401
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 | €2,489,995 | €2,267,754 | -€222,242 | -8.9% |
| Fixed assets | 21/28 | €10,658 | €4,208 | -€6,450 | -60.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,450 | €0 | -€6,450 | -100.0% |
| Plant, machinery and equipment | 23 | €6,450 | €0 | -€6,450 | -100.0% |
| Financial fixed assets | 28 | €4,208 | €4,208 | = | 0.0% |
| Current assets | 29/58 | €2,479,337 | €2,263,546 | -€215,791 | -8.7% |
| Amounts receivable within one year | 40/41 | €1,934,139 | €1,434,447 | -€499,692 | -25.8% |
| Trade receivables | 40 | €1,901,708 | €1,357,835 | -€543,873 | -28.6% |
| Other amounts receivable | 41 | €32,430 | €76,611 | +€44,181 | +136.2% |
| Current investments | 50/53 | €97,265 | €0 | -€97,265 | -100.0% |
| Cash at bank and in hand | 54/58 | €442,869 | €829,099 | +€386,231 | +87.2% |
| Deferred charges and accrued income | 490/1 | €5,065 | €0 | -€5,065 | -100.0% |
| Total equity and liabilities | 10/49 | €2,489,995 | €2,267,754 | -€222,242 | -8.9% |
| Equity | 10/15 | €1,722,381 | €1,611,984 | -€110,398 | -6.4% |
| Contributions | 10/11 | €541,108 | €541,108 | = | 0.0% |
| Capital | 10 | €208,655 | €208,655 | = | 0.0% |
| Issued capital | 100 | €208,655 | €208,655 | = | 0.0% |
| Outside capital | 11 | €332,453 | €332,453 | = | 0.0% |
| Share premium | 1100/10 | €332,453 | €332,453 | = | 0.0% |
| Reserves | 13 | €20,865 | €20,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,865 | €20,865 | = | 0.0% |
| Legal reserve | 130 | €20,865 | €20,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,160,408 | €1,050,010 | -€110,398 | -9.5% |
| Amounts payable | 17/49 | €767,614 | €655,770 | -€111,844 | -14.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €670,092 | €536,868 | -€133,224 | -19.9% |
| Trade debts | 44 | €352,434 | €157,937 | -€194,498 | -55.2% |
| Suppliers | 440/4 | €352,434 | €157,937 | -€194,498 | -55.2% |
| Taxes, remuneration and social security | 45 | €317,657 | €378,931 | +€61,274 | +19.3% |
| Taxes | 450/3 | €103,019 | €148,547 | +€45,529 | +44.2% |
| Remuneration and social security | 454/9 | €214,639 | €230,384 | +€15,745 | +7.3% |
| Accrued charges and deferred income | 492/3 | €97,523 | €118,903 | +€21,380 | +21.9% |
| Remuneration, social security and pensions | 62 | €2,073,896 | €1,295,198 | -€778,698 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,806 | €6,450 | -€28,356 | -81.5% |
| Other operating charges | 640/8 | €27,381 | €2,401 | -€24,979 | -91.2% |
| Non-recurring operating charges | 66A | €1,928 | €0 | -€1,928 | -100.0% |
| Gross operating margin | 9900 | €2,302,125 | €1,408,677 | -€893,448 | -38.8% |
| Operating profit (loss) | 9901 | €164,114 | €104,628 | -€59,486 | -36.2% |
| Financial income | 75/76B | €13,858 | €7,771 | -€6,087 | -43.9% |
| Recurring financial income | 75 | €13,858 | €7,771 | -€6,087 | -43.9% |
| Financial charges | 65/66B | €0 | €219,263 | +€219,263 | |
| Recurring financial charges | 65 | €0 | €121,998 | +€121,998 | |
| Non-recurring financial charges | 66B | - | €97,265 | +€97,265 | |
| Profit (loss) for the period before taxes | 9903 | €177,972 | -€106,864 | -€284,836 | |
| Income taxes | 67/77 | €28,209 | €3,534 | -€24,675 | -87.5% |
| Profit (loss) for the period | 9904 | €149,764 | -€110,398 | -€260,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,764 | -€110,398 | -€260,161 |
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 8 October 2026 via checked.be.