GRAPHITE CONCEPT: 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.
GRAPHITE CONCEPT
Largest movements
- Tangible fixed assets +€16,240
up €16,240 (+4304.6%), from €377 to €16,617
- Receivables within one year +€9,314
up €9,314 (+200.4%), from €4,648 to €13,962
- Cash -€8,010
down €8,010 (-11.7%), from €68,653 to €60,643
mainly Investment in fixed assets (net) (-€19,877) and Receivables within one year (-€9,314)
- Deferred charges and accrued income +€2,690
new in 2025: €2,690
- Profit (loss) carried forward +€11,671
up €11,671 (+24.1%), from €48,383 to €60,054
- Debts after one year +€5,442
new in 2025: €5,442
- Tax, wage and social debts -€4,853
down €4,853 (-25.1%), from €19,326 to €14,473
- Other debts +€3,917
up €3,917 (+174.4%), from €2,245 to €6,162
- Current portion of long-term debt +€3,247
new in 2025: €3,247
- Gross operating margin -€18,116
down €18,116 (-46.9%), from €38,630 to €20,514
- Taxes -€6,722
down €6,722 (-66.9%), from €10,045 to €3,323
- Depreciation +€3,390
up €3,390 (+1368.7%), from €248 to €3,637
- Financial charges +€554
up €554 (+140.1%), from €395 to €949
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 | €73,679 | €93,912 | +€20,233 | +27.5% |
| Fixed assets | 21/28 | €377 | €16,617 | +€16,240 | +4304.6% |
| Tangible fixed assets | 22/27 | €377 | €16,617 | +€16,240 | +4304.6% |
| Furniture and vehicles | 24 | €377 | €16,617 | +€16,240 | +4304.6% |
| Current assets | 29/58 | €73,301 | €77,295 | +€3,993 | +5.4% |
| Amounts receivable within one year | 40/41 | €4,648 | €13,962 | +€9,314 | +200.4% |
| Trade receivables | 40 | €4,648 | €13,962 | +€9,314 | +200.4% |
| Cash at bank and in hand | 54/58 | €68,653 | €60,643 | -€8,010 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €2,690 | +€2,690 | |
| Total equity and liabilities | 10/49 | €73,679 | €93,912 | +€20,233 | +27.5% |
| Equity | 10/15 | €51,083 | €62,754 | +€11,671 | +22.8% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,383 | €60,054 | +€11,671 | +24.1% |
| Amounts payable | 17/49 | €22,596 | €31,158 | +€8,563 | +37.9% |
| Amounts payable after more than one year | 17 | - | €5,442 | +€5,442 | |
| Financial debts | 170/4 | - | €5,442 | +€5,442 | |
| Amounts payable within one year | 42/48 | €21,599 | €23,929 | +€2,331 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,247 | +€3,247 | |
| Trade debts | 44 | €27 | €47 | +€20 | +74.4% |
| Suppliers | 440/4 | €27 | €47 | +€20 | +74.4% |
| Taxes, remuneration and social security | 45 | €19,326 | €14,473 | -€4,853 | -25.1% |
| Taxes | 450/3 | €19,326 | €14,473 | -€4,853 | -25.1% |
| Other amounts payable | 47/48 | €2,245 | €6,162 | +€3,917 | +174.4% |
| Accrued charges and deferred income | 492/3 | €997 | €1,787 | +€790 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €3,637 | +€3,390 | +1368.7% |
| Other operating charges | 640/8 | €499 | €557 | +€58 | +11.7% |
| Non-recurring operating charges | 66A | - | €377 | +€377 | |
| Gross operating margin | 9900 | €38,630 | €20,514 | -€18,116 | -46.9% |
| Operating profit (loss) | 9901 | €37,884 | €15,942 | -€21,942 | -57.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €395 | €949 | +€554 | +140.1% |
| Recurring financial charges | 65 | €395 | €949 | +€554 | +140.1% |
| Profit (loss) for the period before taxes | 9903 | €37,491 | €14,993 | -€22,498 | -60.0% |
| Income taxes | 67/77 | €10,045 | €3,323 | -€6,722 | -66.9% |
| Profit (loss) for the period | 9904 | €27,446 | €11,671 | -€15,776 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,446 | €11,671 | -€15,776 | -57.5% |
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 12 October 2026 via checked.be.