GRAPHITEX: 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.
GRAPHITEX
Largest movements
- Cash +€96,274
up €96,274 (+93.9%), from €102,553 to €198,827
mainly Net result for the year (+€109,211) and Depreciation (+€54,235)
- Stocks and contracts +€55,319
up €55,319 (+68.9%), from €80,288 to €135,607
- Receivables within one year -€50,508
down €50,508 (-24.3%), from €208,081 to €157,573
of which Trade receivables: -€50,998
- Tangible fixed assets -€33,987
down €33,987 (-6.0%), from €569,002 to €535,015
of which Land and buildings: -€34,181
- Reserves +€109,211
up €109,211 (+300.4%), from €36,350 to €145,561
of which Distributable reserves: +€109,211
- Debts after one year -€27,341
down €27,341 (-8.9%), from €305,862 to €278,521
of which Financial debts: -€27,341
- Trade debts -€17,957
down €17,957 (-13.1%), from €137,553 to €119,597
- Tax, wage and social debts +€15,100
up €15,100 (+20.2%), from €74,596 to €89,696
of which Taxes: +€41,603
- Gross operating margin +€177,302
up €177,302 (+40.1%), from €442,260 to €619,562
- Taxes +€49,323
up €49,323 (+1800.8%), from €2,739 to €52,062
- Staff costs -€8,813
down €8,813 (-2.3%), from €389,675 to €380,862
- Financial charges -€6,730
down €6,730 (-48.9%), from €13,754 to €7,024
- Write-downs +€6,271
new in 2025: €6,271
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 | €970,714 | €1,045,018 | +€74,305 | +7.7% |
| Fixed assets | 21/28 | €576,534 | €548,913 | -€27,621 | -4.8% |
| Intangible fixed assets | 21 | €7,532 | €13,898 | +€6,366 | +84.5% |
| Tangible fixed assets | 22/27 | €569,002 | €535,015 | -€33,987 | -6.0% |
| Land and buildings | 22 | €492,417 | €458,236 | -€34,181 | -6.9% |
| Plant, machinery and equipment | 23 | €56,328 | €51,963 | -€4,365 | -7.7% |
| Furniture and vehicles | 24 | €20,258 | €24,816 | +€4,559 | +22.5% |
| Current assets | 29/58 | €394,179 | €496,105 | +€101,926 | +25.9% |
| Stocks and contracts in progress | 3 | €80,288 | €135,607 | +€55,319 | +68.9% |
| Stocks | 30/36 | €80,288 | €135,607 | +€55,319 | +68.9% |
| Amounts receivable within one year | 40/41 | €208,081 | €157,573 | -€50,508 | -24.3% |
| Trade receivables | 40 | €207,904 | €156,906 | -€50,998 | -24.5% |
| Other amounts receivable | 41 | €177 | €667 | +€490 | +276.6% |
| Cash at bank and in hand | 54/58 | €102,553 | €198,827 | +€96,274 | +93.9% |
| Deferred charges and accrued income | 490/1 | €3,257 | €4,098 | +€840 | +25.8% |
| Total equity and liabilities | 10/49 | €970,714 | €1,045,018 | +€74,305 | +7.7% |
| Equity | 10/15 | €373,086 | €482,297 | +€109,211 | +29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,350 | €145,561 | +€109,211 | +300.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €36,350 | €145,561 | +€109,211 | +300.4% |
| Profit (loss) carried forward | 14 | €318,136 | €318,136 | = | 0.0% |
| Amounts payable | 17/49 | €597,628 | €562,722 | -€34,906 | -5.8% |
| Amounts payable after more than one year | 17 | €305,862 | €278,521 | -€27,341 | -8.9% |
| Financial debts | 170/4 | €255,862 | €228,521 | -€27,341 | -10.7% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €285,410 | €283,931 | -€1,479 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €33,879 | €37,630 | +€3,750 | +11.1% |
| Trade debts | 44 | €137,553 | €119,597 | -€17,957 | -13.1% |
| Suppliers | 440/4 | €137,553 | €119,597 | -€17,957 | -13.1% |
| Taxes, remuneration and social security | 45 | €74,596 | €89,696 | +€15,100 | +20.2% |
| Taxes | 450/3 | €22,149 | €63,753 | +€41,603 | +187.8% |
| Remuneration and social security | 454/9 | €52,446 | €25,943 | -€26,503 | -50.5% |
| Other amounts payable | 47/48 | €39,382 | €37,009 | -€2,373 | -6.0% |
| Accrued charges and deferred income | 492/3 | €6,356 | €270 | -€6,086 | -95.8% |
| Non-recurring operating income | 76A | - | €310 | +€310 | |
| Remuneration, social security and pensions | 62 | €389,675 | €380,862 | -€8,813 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,630 | €54,235 | +€3,605 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,271 | +€6,271 | |
| Other operating charges | 640/8 | €11,119 | €9,533 | -€1,585 | -14.3% |
| Non-recurring operating charges | 66A | - | €379 | +€379 | |
| Gross operating margin | 9900 | €442,260 | €619,562 | +€177,302 | +40.1% |
| Operating profit (loss) | 9901 | -€9,164 | €168,282 | +€177,446 | |
| Financial income | 75/76B | €440 | €15 | -€424 | -96.5% |
| Recurring financial income | 75 | €440 | €15 | -€424 | -96.5% |
| Financial charges | 65/66B | €13,754 | €7,024 | -€6,730 | -48.9% |
| Recurring financial charges | 65 | €13,754 | €7,024 | -€6,730 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,478 | €161,273 | +€183,751 | |
| Income taxes | 67/77 | €2,739 | €52,062 | +€49,323 | +1800.8% |
| Profit (loss) for the period | 9904 | -€25,217 | €109,211 | +€134,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,217 | €109,211 | +€134,428 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.