GRATIAM: 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.
GRATIAM
Largest movements
- Cash +€49,400
up €49,400 (+701.5%), from €7,042 to €56,442
mainly Receivables after one year (+€49,388) and Depreciation (+€26,447)
- Receivables after one year -€49,388
down €49,388 (-98.8%), from €50,000 to €612
- Other debts -€20,000
down €20,000 (-98.6%), from €20,282 to €282
- Profit (loss) carried forward +€17,579
up €17,579 (+3.5%), from €501,493 to €519,072
- Gross operating margin +€37,674
up €37,674 (+429.8%), from €8,766 to €46,440
- Financial income -€2,920
down €2,920 (-73.0%), from €4,000 to €1,080
- Depreciation +€2,684
up €2,684 (+11.3%), from €23,763 to €26,447
- Taxes +€1,191
new in 2025: €1,191
- Financial charges -€1,037
down €1,037 (-95.1%), from €1,091 to €54
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 | €548,027 | €546,707 | -€1,321 | -0.2% |
| Fixed assets | 21/28 | €489,517 | €488,379 | -€1,138 | -0.2% |
| Tangible fixed assets | 22/27 | €489,517 | €488,379 | -€1,138 | -0.2% |
| Land and buildings | 22 | €429,130 | €440,342 | +€11,212 | +2.6% |
| Plant, machinery and equipment | 23 | €60,387 | €48,038 | -€12,350 | -20.5% |
| Current assets | 29/58 | €58,510 | €58,327 | -€182 | -0.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €612 | -€49,388 | -98.8% |
| Trade receivables | 290 | €50,000 | €612 | -€49,388 | -98.8% |
| Amounts receivable within one year | 40/41 | €1,468 | €956 | -€512 | -34.9% |
| Trade receivables | 40 | - | €956 | +€956 | |
| Other amounts receivable | 41 | €1,468 | - | -€1,468 | |
| Cash at bank and in hand | 54/58 | €7,042 | €56,442 | +€49,400 | +701.5% |
| Deferred charges and accrued income | 490/1 | - | €317 | +€317 | |
| Total equity and liabilities | 10/49 | €548,027 | €546,707 | -€1,321 | -0.2% |
| Equity | 10/15 | €521,209 | €538,787 | +€17,579 | +3.4% |
| Contributions | 10/11 | €17,923 | €17,923 | = | 0.0% |
| Reserves | 13 | €1,792 | €1,792 | = | 0.0% |
| Distributable reserves | 133 | €1,792 | €1,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €501,493 | €519,072 | +€17,579 | +3.5% |
| Amounts payable | 17/49 | €26,818 | €7,919 | -€18,899 | -70.5% |
| Amounts payable within one year | 42/48 | €22,806 | €3,982 | -€18,824 | -82.5% |
| Trade debts | 44 | €2,524 | €2,509 | -€15 | -0.6% |
| Suppliers | 440/4 | €2,524 | €2,509 | -€15 | -0.6% |
| Taxes, remuneration and social security | 45 | - | €1,191 | +€1,191 | |
| Taxes | 450/3 | - | €1,191 | +€1,191 | |
| Other amounts payable | 47/48 | €20,282 | €282 | -€20,000 | -98.6% |
| Accrued charges and deferred income | 492/3 | €4,012 | €3,937 | -€75 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,763 | €26,447 | +€2,684 | +11.3% |
| Other operating charges | 640/8 | €2,219 | €2,249 | +€30 | +1.3% |
| Gross operating margin | 9900 | €8,766 | €46,440 | +€37,674 | +429.8% |
| Operating profit (loss) | 9901 | -€17,216 | €17,743 | +€34,960 | |
| Financial income | 75/76B | €4,000 | €1,080 | -€2,920 | -73.0% |
| Recurring financial income | 75 | €4,000 | €1,080 | -€2,920 | -73.0% |
| Financial charges | 65/66B | €1,091 | €54 | -€1,037 | -95.1% |
| Recurring financial charges | 65 | €1,091 | €54 | -€1,037 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,308 | €18,769 | +€33,077 | |
| Income taxes | 67/77 | - | €1,191 | +€1,191 | |
| Profit (loss) for the period | 9904 | -€14,308 | €17,579 | +€31,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,308 | €17,579 | +€31,886 |
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 7 October 2026 via checked.be.