Graveelius: 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.
Graveelius
Largest movements
- Cash +€2,670
up €2,670 (+12.2%), from €21,934 to €24,604
mainly Net result for the year (+€7,604) and Receivables within one year (+€1,573)
- Tangible fixed assets +€2,296
up €2,296 (+61.8%), from €3,716 to €6,012
of which Furniture and vehicles: +€2,470
- Receivables within one year -€1,573
down €1,573 (-15.8%), from €9,951 to €8,378
of which Trade receivables: -€2,418
- Profit (loss) carried forward +€7,604
up €7,604 (+38.2%), from €19,930 to €27,535
- Tax, wage and social debts -€5,105
down €5,105 (-55.6%), from €9,188 to €4,084
of which Taxes: -€3,905
- Trade debts +€729
up €729 (+68.2%), from €1,070 to €1,800
- Other debts +€469
up €469 (+21.6%), from €2,172 to €2,641
- Gross operating margin +€1,557
up €1,557 (+15.2%), from €10,212 to €11,769
- Depreciation +€1,002
up €1,002 (+227.3%), from €441 to €1,443
- Other operating charges +€400
new in 2025: €400
- Taxes +€166
up €166 (+8.4%), from €1,989 to €2,155
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 | €35,619 | €39,059 | +€3,440 | +9.7% |
| Fixed assets | 21/28 | €3,716 | €6,012 | +€2,296 | +61.8% |
| Tangible fixed assets | 22/27 | €3,716 | €6,012 | +€2,296 | +61.8% |
| Plant, machinery and equipment | 23 | €812 | €639 | -€173 | -21.4% |
| Furniture and vehicles | 24 | €2,904 | €5,374 | +€2,470 | +85.0% |
| Current assets | 29/58 | €31,903 | €33,047 | +€1,144 | +3.6% |
| Amounts receivable within one year | 40/41 | €9,951 | €8,378 | -€1,573 | -15.8% |
| Trade receivables | 40 | €9,951 | €7,533 | -€2,418 | -24.3% |
| Other amounts receivable | 41 | - | €845 | +€845 | |
| Cash at bank and in hand | 54/58 | €21,934 | €24,604 | +€2,670 | +12.2% |
| Deferred charges and accrued income | 490/1 | €18 | €65 | +€47 | +262.7% |
| Total equity and liabilities | 10/49 | €35,619 | €39,059 | +€3,440 | +9.7% |
| Equity | 10/15 | €22,930 | €30,535 | +€7,604 | +33.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,930 | €27,535 | +€7,604 | +38.2% |
| Amounts payable | 17/49 | €12,689 | €8,524 | -€4,165 | -32.8% |
| Amounts payable within one year | 42/48 | €12,430 | €8,524 | -€3,906 | -31.4% |
| Trade debts | 44 | €1,070 | €1,800 | +€729 | +68.2% |
| Suppliers | 440/4 | €1,070 | €1,800 | +€729 | +68.2% |
| Taxes, remuneration and social security | 45 | €9,188 | €4,084 | -€5,105 | -55.6% |
| Taxes | 450/3 | €7,988 | €4,084 | -€3,905 | -48.9% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €2,172 | €2,641 | +€469 | +21.6% |
| Accrued charges and deferred income | 492/3 | €259 | - | -€259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €1,443 | +€1,002 | +227.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €10,212 | €11,769 | +€1,557 | +15.2% |
| Operating profit (loss) | 9901 | €9,771 | €9,927 | +€156 | +1.6% |
| Financial income | 75/76B | €51 | €16 | -€35 | -69.3% |
| Recurring financial income | 75 | €51 | €16 | -€35 | -69.3% |
| Financial charges | 65/66B | €135 | €183 | +€48 | +35.2% |
| Recurring financial charges | 65 | €135 | €183 | +€48 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €9,687 | €9,760 | +€73 | +0.8% |
| Income taxes | 67/77 | €1,989 | €2,155 | +€166 | +8.4% |
| Profit (loss) for the period | 9904 | €7,698 | €7,604 | -€93 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,698 | €7,604 | -€93 | -1.2% |
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 3 October 2026 via checked.be.