Gravcon: 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.
Gravcon
Largest movements
- Receivables within one year +€40,799
up €40,799 (+77.8%), from €52,439 to €93,238
of which Other amounts receivable: +€43,344
- Cash -€2,542
down €2,542 (-33.2%), from €7,661 to €5,119
mainly Receivables within one year (-€40,799)
- Profit (loss) carried forward +€26,878
up €26,878 (+61.5%), from €43,710 to €70,588
- Tax, wage and social debts +€9,944
up €9,944 (+63.4%), from €15,693 to €25,637
- Trade debts +€1,023
up €1,023 (+386.0%), from €265 to €1,288
- Gross operating margin -€26,076
down €26,076 (-43.8%), from €59,511 to €33,435
- Taxes -€5,559
down €5,559 (-36.6%), from €15,196 to €9,637
- Financial income +€2,839
up €2,839 (+244.3%), from €1,162 to €4,001
- Depreciation -€894
down €894 (-68.5%), from €1,306 to €412
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 | €61,668 | €99,513 | +€37,845 | +61.4% |
| Fixed assets | 21/28 | €1,568 | €1,156 | -€412 | -26.3% |
| Tangible fixed assets | 22/27 | €1,568 | €1,156 | -€412 | -26.3% |
| Furniture and vehicles | 24 | €1,568 | €1,156 | -€412 | -26.3% |
| Current assets | 29/58 | €60,100 | €98,357 | +€38,257 | +63.7% |
| Amounts receivable within one year | 40/41 | €52,439 | €93,238 | +€40,799 | +77.8% |
| Trade receivables | 40 | €10,101 | €7,556 | -€2,545 | -25.2% |
| Other amounts receivable | 41 | €42,338 | €85,682 | +€43,344 | +102.4% |
| Cash at bank and in hand | 54/58 | €7,661 | €5,119 | -€2,542 | -33.2% |
| Total equity and liabilities | 10/49 | €61,668 | €99,513 | +€37,845 | +61.4% |
| Equity | 10/15 | €45,710 | €72,588 | +€26,878 | +58.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,710 | €70,588 | +€26,878 | +61.5% |
| Amounts payable | 17/49 | €15,958 | €26,925 | +€10,967 | +68.7% |
| Amounts payable within one year | 42/48 | €15,958 | €26,925 | +€10,967 | +68.7% |
| Trade debts | 44 | €265 | €1,288 | +€1,023 | +386.0% |
| Suppliers | 440/4 | €265 | €1,288 | +€1,023 | +386.0% |
| Taxes, remuneration and social security | 45 | €15,693 | €25,637 | +€9,944 | +63.4% |
| Taxes | 450/3 | €15,693 | €25,637 | +€9,944 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306 | €412 | -€894 | -68.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €59,511 | €33,435 | -€26,076 | -43.8% |
| Operating profit (loss) | 9901 | €57,821 | €32,636 | -€25,185 | -43.6% |
| Financial income | 75/76B | €1,162 | €4,001 | +€2,839 | +244.3% |
| Recurring financial income | 75 | €1,162 | €4,001 | +€2,839 | +244.3% |
| Financial charges | 65/66B | €77 | €122 | +€45 | +58.4% |
| Recurring financial charges | 65 | €77 | €122 | +€45 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €58,906 | €36,515 | -€22,391 | -38.0% |
| Income taxes | 67/77 | €15,196 | €9,637 | -€5,559 | -36.6% |
| Profit (loss) for the period | 9904 | €43,710 | €26,878 | -€16,832 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,710 | €26,878 | -€16,832 | -38.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.