GRATHIE: 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.
GRATHIE
Largest movements
- Receivables within one year -€1,152
down €1,152 (-3.1%), from €37,216 to €36,064
- Profit (loss) carried forward -€2,236
down €2,236 (-5.2%), from -€42,909 to -€45,145
- Trade debts +€630
up €630 (+5.5%), from €11,395 to €12,025
- Gross operating margin +€6,951
up €6,951 (+73.3%), from -€9,487 to -€2,536
- Financial income -€367
down €367 (-34.4%), from €1,067 to €700
- Other operating charges +€276
up €276 (+223%), from €124 to €400
- Financial charges -€106
no longer reported in 2025 (was €106)
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 | €37,342 | €36,071 | -€1,271 | -3.4% |
| Current assets | 29/58 | €37,342 | €36,071 | -€1,271 | -3.4% |
| Amounts receivable within one year | 40/41 | €37,216 | €36,064 | -€1,152 | -3.1% |
| Other amounts receivable | 41 | €37,216 | €36,064 | -€1,152 | -3.1% |
| Cash at bank and in hand | 54/58 | €126 | €7 | -€119 | -94.2% |
| Total equity and liabilities | 10/49 | €37,342 | €36,071 | -€1,271 | -3.4% |
| Equity | 10/15 | -€8,823 | -€11,060 | -€2,236 | -25.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,909 | -€45,145 | -€2,236 | -5.2% |
| Amounts payable | 17/49 | €46,166 | €47,131 | +€965 | +2.1% |
| Amounts payable after more than one year | 17 | €34,770 | €35,105 | +€335 | +1.0% |
| Financial debts | 170/4 | €34,770 | €35,105 | +€335 | +1.0% |
| Amounts payable within one year | 42/48 | €11,395 | €12,025 | +€630 | +5.5% |
| Trade debts | 44 | €11,395 | €12,025 | +€630 | +5.5% |
| Suppliers | 440/4 | €11,395 | €12,025 | +€630 | +5.5% |
| Other operating charges | 640/8 | €124 | €400 | +€276 | +223% |
| Gross operating margin | 9900 | -€9,487 | -€2,536 | +€6,951 | +73.3% |
| Operating profit (loss) | 9901 | -€9,611 | -€2,936 | +€6,675 | +69.5% |
| Financial income | 75/76B | €1,067 | €700 | -€367 | -34.4% |
| Recurring financial income | 75 | €1,067 | €700 | -€367 | -34.4% |
| Financial charges | 65/66B | €106 | - | -€106 | |
| Recurring financial charges | 65 | €106 | - | -€106 | |
| Profit (loss) for the period before taxes | 9903 | -€8,649 | -€2,236 | +€6,413 | +74.1% |
| Profit (loss) for the period | 9904 | -€8,649 | -€2,236 | +€6,413 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,649 | -€2,236 | +€6,413 | +74.1% |
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 18 October 2026 via checked.be.