Gravermi: 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.
Gravermi
Largest movements
- Current investments -€175,000
down €175,000 (-58.3%), from €300,000 to €125,000
- Receivables within one year +€48,304
up €48,304 (+103%), from €46,901 to €95,205
- Tangible fixed assets +€47,286
up €47,286 (+5.6%), from €838,292 to €885,578
of which Assets under construction and advance payments: +€53,625
- Reserves -€41,174
down €41,174 (-3.8%), from €1.1m to €1.0m
of which Distributable reserves: -€41,174
- Tax, wage and social debts -€25,790
no longer reported in 2025 (was €25,790)
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward +€14,104
no longer reported in 2025 (was -€14,104)
- Gross operating margin -€4,650
down €4,650 (-42.9%), from -€10,851 to -€15,501
- Depreciation +€1,029
up €1,029 (+19.4%), from €5,310 to €6,339
- Other operating charges +€539
up €539 (+8.3%), from €6,528 to €7,068
- Financial income -€301
down €301 (-2.9%), from €10,268 to €9,967
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 | €1,203,816 | €1,123,668 | -€80,148 | -6.7% |
| Fixed assets | 21/28 | €838,292 | €885,578 | +€47,286 | +5.6% |
| Tangible fixed assets | 22/27 | €838,292 | €885,578 | +€47,286 | +5.6% |
| Land and buildings | 22 | €211,508 | €209,100 | -€2,409 | -1.1% |
| Plant, machinery and equipment | 23 | €7,395 | €6,487 | -€908 | -12.3% |
| Furniture and vehicles | 24 | €3,487 | €2,922 | -€565 | -16.2% |
| Other tangible fixed assets | 26 | €615,902 | €613,444 | -€2,458 | -0.4% |
| Assets under construction and advance payments | 27 | - | €53,625 | +€53,625 | |
| Current assets | 29/58 | €365,524 | €238,090 | -€127,434 | -34.9% |
| Amounts receivable after more than one year | 29 | €14,829 | €9,116 | -€5,714 | -38.5% |
| Other amounts receivable | 291 | €14,829 | €9,116 | -€5,714 | -38.5% |
| Amounts receivable within one year | 40/41 | €46,901 | €95,205 | +€48,304 | +103% |
| Other amounts receivable | 41 | €46,901 | €95,205 | +€48,304 | +103% |
| Current investments | 50/53 | €300,000 | €125,000 | -€175,000 | -58.3% |
| Cash at bank and in hand | 54/58 | €1,035 | €7,910 | +€6,875 | +664% |
| Deferred charges and accrued income | 490/1 | €2,758 | €859 | -€1,899 | -68.8% |
| Total equity and liabilities | 10/49 | €1,203,816 | €1,123,668 | -€80,148 | -6.7% |
| Equity | 10/15 | €1,129,671 | €1,102,601 | -€27,070 | -2.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,081,801 | €1,040,627 | -€41,174 | -3.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,075,603 | €1,034,430 | -€41,174 | -3.8% |
| Profit (loss) carried forward | 14 | -€14,104 | - | +€14,104 | |
| Amounts payable | 17/49 | €74,146 | €21,068 | -€53,078 | -71.6% |
| Amounts payable after more than one year | 17 | €19,026 | €13,847 | -€5,179 | -27.2% |
| Financial debts | 170/4 | €19,026 | €13,847 | -€5,179 | -27.2% |
| Amounts payable within one year | 42/48 | €55,119 | €7,221 | -€47,899 | -86.9% |
| Current portion of amounts payable after more than one year | 42 | €11,936 | €5,179 | -€6,757 | -56.6% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €2,394 | €2,041 | -€352 | -14.7% |
| Suppliers | 440/4 | €2,394 | €2,041 | -€352 | -14.7% |
| Taxes, remuneration and social security | 45 | €25,790 | - | -€25,790 | |
| Taxes | 450/3 | €25,790 | - | -€25,790 | |
| Remuneration, social security and pensions | 62 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,310 | €6,339 | +€1,029 | +19.4% |
| Other operating charges | 640/8 | €6,528 | €7,068 | +€539 | +8.3% |
| Gross operating margin | 9900 | -€10,851 | -€15,501 | -€4,650 | -42.9% |
| Operating profit (loss) | 9901 | -€22,692 | -€28,908 | -€6,216 | -27.4% |
| Financial income | 75/76B | €10,268 | €9,967 | -€301 | -2.9% |
| Recurring financial income | 75 | €10,268 | €9,967 | -€301 | -2.9% |
| Financial charges | 65/66B | €1,680 | €1,684 | +€4 | +0.2% |
| Recurring financial charges | 65 | €1,680 | €1,684 | +€4 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,104 | -€20,625 | -€6,522 | -46.2% |
| Profit (loss) for the period | 9904 | -€14,104 | -€20,625 | -€6,522 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,104 | -€20,625 | -€6,522 | -46.2% |
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.