GRAPHIUS BRUSSELS: 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.
What changed
GRAPHIUS BRUSSELS
NACE 18.120, Other printing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€507,114
2024 · -€6,413-€500,701
Equity
€1.2m
2024 · €2.1m-€907,114
Cash
€89,901
2024 · €2,032+€87,869
Balance sheet total
€7.1m
2024 · €9.8m-€2.8m
Largest movements
Assets
- Receivables within one year -€2.5m
down €2.5m (-73.4%), from €3.4m to €901,676
of which Trade receivables: -€1.4m
- Tangible fixed assets -€452,549
down €452,549 (-10.2%), from €4.4m to €4.0m
of which Leasing and similar rights: -€245,753
- Stocks and contracts +€157,773
up €157,773 (+16.5%), from €956,814 to €1.1m
of which Stocks: +€214,205
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-37.0%), from €3.5m to €2.2m
of which Other amounts payable: -€901,801
- Profit (loss) carried forward -€619,183
down €619,183, from €239,040 to -€380,144
- Reserves -€287,930
down €287,930 (-17.3%), from €1.7m to €1.4m
of which Distributable reserves: -€160,960
- Tax, wage and social debts -€264,529
down €264,529 (-33.2%), from €795,782 to €531,254
of which Remuneration and social security: -€254,796
- Trade debts -€247,917
down €247,917 (-9.8%), from €2.5m to €2.3m
Income statement
- Turnover -€1.4m
down €1.4m (-10.0%), from €14.2m to €12.7m
- Staff costs -€1.1m
down €1.1m (-27.0%), from €4.1m to €3.0m
- Goods and materials -€652,412
down €652,412 (-8.8%), from €7.4m to €6.7m
of which Purchases: -€533,324
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.
Result 2024
-€6,413
Turnover
-€1.4m
Other operating income
-€44,760
Goods and materials
+€652,412
Services and other goods
-€87,126
Staff costs
+€1.1m
Depreciation
-€49,471
Write-downs
+€1,927
Other operating charges
+€29,800
Other operating items
-€752,924
Financial income
+€9,443
Financial charges
-€10,079
Taxes
+€72,250
Result 2025
-€507,114
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.
From operations
+€2.0m
Investment
-€257,182
Financing
-€1.7m
Cash 2024
€2,032
From operations (derived)
+€2.0m
Net result for the year
-€507,114
Depreciation
+€767,976
Stocks and contracts
-€157,773
Receivables within one year
+€2.5m
Smaller working-capital items
+€911
Provisions
-€42,323
Trade debts
-€247,917
Tax, wage and social debts
-€264,529
Investment (derived)
-€257,182
Investment in fixed assets (net)
-€257,182
Financing
-€1.7m
Debts after one year
-€1.3m
Current portion of long-term debt
+€6,445
Short-term financial debts
+€220
Contributions, distributions and other
-€400,000
Cash 2025
€89,901
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,843,494 | €7,089,379 | -€2.8m | -28.0% |
| Fixed assets | 21/28 | €5,442,616 | €4,931,822 | -€510,794 | -9.4% |
| Intangible fixed assets | 21 | €1,002,016 | €943,771 | -€58,245 | -5.8% |
| Tangible fixed assets | 22/27 | €4,438,100 | €3,985,551 | -€452,549 | -10.2% |
| Land and buildings | 22 | €1,921,275 | €1,823,681 | -€97,594 | -5.1% |
| Plant, machinery and equipment | 23 | €625,672 | €518,870 | -€106,802 | -17.1% |
| Furniture and vehicles | 24 | €53,219 | €50,819 | -€2,400 | -4.5% |
| Leasing and similar rights | 25 | €1,837,934 | €1,592,181 | -€245,753 | -13.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €4,400,878 | €2,157,558 | -€2.2m | -51.0% |
| Stocks and contracts in progress | 3 | €956,814 | €1,114,587 | +€157,773 | +16.5% |
| Stocks | 30/36 | €719,169 | €933,374 | +€214,205 | +29.8% |
| Raw materials and consumables | 30/31 | €719,169 | €933,374 | +€214,205 | +29.8% |
| Contracts in progress | 37 | €237,645 | €181,213 | -€56,432 | -23.7% |
| Amounts receivable within one year | 40/41 | €3,389,327 | €901,676 | -€2.5m | -73.4% |
| Trade receivables | 40 | €2,222,281 | €772,327 | -€1.4m | -65.2% |
| Other amounts receivable | 41 | €1,167,046 | €129,348 | -€1.0m | -88.9% |
| Cash at bank and in hand | 54/58 | €2,032 | €89,901 | +€87,869 | +4324.0% |
| Deferred charges and accrued income | 490/1 | €52,705 | €51,394 | -€1,311 | -2.5% |
| Total equity and liabilities | 10/49 | €9,843,494 | €7,089,379 | -€2.8m | -28.0% |
| Equity | 10/15 | €2,127,507 | €1,220,393 | -€907,114 | -42.6% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Capital | 10 | €71,000 | €71,000 | = | 0.0% |
| Issued capital | 100 | €71,000 | €71,000 | = | 0.0% |
| Outside capital | 11 | €61,000 | €61,000 | = | 0.0% |
| Share premium | 1100/10 | €61,000 | €61,000 | = | 0.0% |
| Reserves | 13 | €1,664,403 | €1,376,472 | -€287,930 | -17.3% |
| Non-distributable reserves | 130/1 | €13,200 | €13,200 | = | 0.0% |
| Legal reserve | 130 | €13,200 | €13,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,393,645 | €1,266,675 | -€126,970 | -9.1% |
| Distributable reserves | 133 | €257,558 | €96,597 | -€160,960 | -62.5% |
| Profit (loss) carried forward | 14 | €239,040 | -€380,144 | -€619,183 | |
| Investment grants | 15 | €92,065 | €92,065 | = | 0.0% |
| Provisions and deferred taxes | 16 | €436,869 | €394,546 | -€42,323 | -9.7% |
| Deferred taxes | 168 | €436,869 | €394,546 | -€42,323 | -9.7% |
| Amounts payable | 17/49 | €7,279,118 | €5,474,441 | -€1.8m | -24.8% |
| Amounts payable after more than one year | 17 | €3,507,291 | €2,208,794 | -€1.3m | -37.0% |
| Financial debts | 170/4 | €2,605,490 | €2,208,794 | -€396,696 | -15.2% |
| Leasing and similar obligations | 172 | €1,590,490 | €1,333,794 | -€256,696 | -16.1% |
| Credit institutions | 173 | €1,015,000 | €875,000 | -€140,000 | -13.8% |
| Other amounts payable | 178/9 | €901,801 | €0 | -€901,801 | -100.0% |
| Amounts payable within one year | 42/48 | €3,771,827 | €3,265,647 | -€506,180 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €390,251 | €396,696 | +€6,445 | +1.7% |
| Financial debts | 43 | - | €220 | +€220 | |
| Credit institutions | 430/8 | - | €220 | +€220 | |
| Trade debts | 44 | €2,531,409 | €2,283,492 | -€247,917 | -9.8% |
| Suppliers | 440/4 | €2,531,409 | €2,283,492 | -€247,917 | -9.8% |
| Advances received on contracts in progress | 46 | €54,385 | €52,936 | -€1,449 | -2.7% |
| Taxes, remuneration and social security | 45 | €795,782 | €531,254 | -€264,529 | -33.2% |
| Taxes | 450/3 | €146,267 | €136,534 | -€9,733 | -6.7% |
| Remuneration and social security | 454/9 | €649,515 | €394,719 | -€254,796 | -39.2% |
| Other amounts payable | 47/48 | €0 | €1,049 | +€1,049 | |
| Operating income | 70/76A | €14,800,922 | €13,188,706 | -€1.6m | -10.9% |
| Turnover | 70 | €14,163,441 | €12,743,281 | -€1.4m | -10.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €95,729 | -€56,432 | -€152,161 | |
| Other operating income | 74 | €533,102 | €488,343 | -€44,760 | -8.4% |
| Non-recurring operating income | 76A | €8,650 | €13,514 | +€4,864 | +56.2% |
| Operating charges | 60/66A | €14,619,580 | €13,579,679 | -€1.0m | -7.1% |
| Goods for resale, raw materials and consumables | 60 | €7,401,221 | €6,748,809 | -€652,412 | -8.8% |
| Purchases | 600/8 | €7,496,338 | €6,963,014 | -€533,324 | -7.1% |
| Change in stocks: decrease (increase) | 609 | -€95,116 | -€214,205 | -€119,089 | -125.2% |
| Services and other goods | 61 | €2,367,701 | €2,454,827 | +€87,126 | +3.7% |
| Remuneration, social security and pensions | 62 | €4,065,608 | €2,967,623 | -€1.1m | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718,506 | €767,976 | +€49,471 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,781 | -€3,708 | -€1,927 | -108.2% |
| Other operating charges | 640/8 | €62,325 | €32,525 | -€29,800 | -47.8% |
| Non-recurring operating charges | 66A | €6,000 | €611,628 | +€605,628 | +10093.8% |
| Operating profit (loss) | 9901 | €181,342 | -€390,973 | -€572,315 | |
| Financial income | 75/76B | €23,779 | €33,222 | +€9,443 | +39.7% |
| Recurring financial income | 75 | €23,779 | €33,222 | +€9,443 | +39.7% |
| Income from current assets | 751 | €22,994 | €25,356 | +€2,362 | +10.3% |
| Other financial income | 752/9 | €785 | €7,866 | +€7,081 | +901.9% |
| Financial charges | 65/66B | €178,729 | €188,808 | +€10,079 | +5.6% |
| Recurring financial charges | 65 | €178,729 | €188,808 | +€10,079 | +5.6% |
| Debt charges | 650 | €156,510 | €162,286 | +€5,776 | +3.7% |
| Other financial charges | 652/9 | €22,220 | €26,523 | +€4,303 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €26,392 | -€546,559 | -€572,951 | |
| Transfer from deferred taxes | 780 | €42,323 | €42,323 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €75,128 | €2,878 | -€72,250 | -96.2% |
| Taxes | 670/3 | €75,506 | €2,878 | -€72,628 | -96.2% |
| Tax adjustments and reversals of tax provisions | 77 | €378 | €0 | -€378 | -100.0% |
| Profit (loss) for the period | 9904 | -€6,413 | -€507,114 | -€500,701 | -7808.2% |
| Transfer from tax-exempt reserves | 789 | €126,970 | €126,970 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €120,558 | -€380,144 | -€500,701 |
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 1 October 2026 via checked.be.