GRAUHAUS: 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.
GRAUHAUS
Largest movements
- Tangible fixed assets +€98,269
up €98,269 (+7.1%), from €1.4m to €1.5m
of which Land and buildings: +€99,197
- Cash +€85,221
up €85,221 (+53.0%), from €160,813 to €246,034
mainly Other debts (+€135,651) and Receivables within one year (+€84,368)
- Receivables within one year -€84,368
down €84,368 (-55.6%), from €151,802 to €67,434
of which Trade receivables: -€120,762
- Other debts +€135,651
up €135,651 (+149%), from €91,033 to €226,684
- Trade debts -€38,633
down €38,633 (-59.5%), from €64,884 to €26,252
- Gross operating margin -€11,603
down €11,603 (-14.0%), from €82,603 to €71,000
- Depreciation +€11,492
up €11,492 (+30.8%), from €37,365 to €48,856
- Taxes -€5,685
down €5,685 (-84.9%), from €6,699 to €1,014
- Financial charges -€1,675
down €1,675 (-9.7%), from €17,212 to €15,536
of which Financial charges: -€1,441
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 | €1,704,782 | €1,803,904 | +€99,122 | +5.8% |
| Fixed assets | 21/28 | €1,392,167 | €1,490,436 | +€98,269 | +7.1% |
| Tangible fixed assets | 22/27 | €1,392,167 | €1,490,436 | +€98,269 | +7.1% |
| Land and buildings | 22 | €1,390,478 | €1,489,675 | +€99,197 | +7.1% |
| Plant, machinery and equipment | 23 | €195 | €0 | -€195 | -100% |
| Furniture and vehicles | 24 | €1,494 | €761 | -€733 | -49.0% |
| Current assets | 29/58 | €312,615 | €313,468 | +€853 | +0.3% |
| Amounts receivable within one year | 40/41 | €151,802 | €67,434 | -€84,368 | -55.6% |
| Trade receivables | 40 | €138,629 | €17,866 | -€120,762 | -87.1% |
| Other amounts receivable | 41 | €13,173 | €49,568 | +€36,395 | +276% |
| Cash at bank and in hand | 54/58 | €160,813 | €246,034 | +€85,221 | +53.0% |
| Total equity and liabilities | 10/49 | €1,704,782 | €1,803,904 | +€99,122 | +5.8% |
| Equity | 10/15 | €216,774 | €218,621 | +€1,848 | +0.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €146,774 | €148,621 | +€1,848 | +1.3% |
| Distributable reserves | 133 | €146,774 | €148,621 | +€1,848 | +1.3% |
| Amounts payable | 17/49 | €1,488,009 | €1,585,283 | +€97,274 | +6.5% |
| Amounts payable after more than one year | 17 | €1,325,000 | €1,325,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,325,000 | €1,325,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €163,009 | €260,283 | +€97,274 | +59.7% |
| Trade debts | 44 | €64,884 | €26,252 | -€38,633 | -59.5% |
| Suppliers | 440/4 | €64,884 | €26,252 | -€38,633 | -59.5% |
| Taxes, remuneration and social security | 45 | €7,091 | €7,348 | +€256 | +3.6% |
| Taxes | 450/3 | €7,091 | €7,348 | +€256 | +3.6% |
| Other amounts payable | 47/48 | €91,033 | €226,684 | +€135,651 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,365 | €48,856 | +€11,492 | +30.8% |
| Other operating charges | 640/8 | €4,055 | €4,222 | +€167 | +4.1% |
| Gross operating margin | 9900 | €82,603 | €71,000 | -€11,603 | -14.0% |
| Operating profit (loss) | 9901 | €41,183 | €17,922 | -€23,262 | -56.5% |
| Financial income | 75/76B | €13 | €477 | +€464 | +3,583% |
| Recurring financial income | 75 | €13 | €477 | +€464 | +3,583% |
| Non-recurring financial income | 76B | €13 | €477 | +€464 | +3,583% |
| Financial charges | 65/66B | €17,212 | €15,536 | -€1,675 | -9.7% |
| Recurring financial charges | 65 | €16,960 | €15,519 | -€1,441 | -8.5% |
| Non-recurring financial charges | 66B | €251 | €17 | -€234 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €23,985 | €2,862 | -€21,123 | -88.1% |
| Income taxes | 67/77 | €6,699 | €1,014 | -€5,685 | -84.9% |
| Profit (loss) for the period | 9904 | €17,286 | €1,848 | -€15,438 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,286 | €1,848 | -€15,438 | -89.3% |
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 20 October 2026 via checked.be.