GRAVICONCEPT: what changed
GRAVICONCEPT
Largest movements
- Cash +€204,901
up €204,901 (+88.2%), from €232,353 to €437,254
mainly Net result for the year (+€169,772) and Other debts (+€77,549)
- Receivables within one year -€46,634
down €46,634 (-7.9%), from €594,029 to €547,395
of which Trade receivables: -€44,153
- Stocks and contracts +€35,505
up €35,505 (+26.6%), from €133,321 to €168,825
- Tangible fixed assets -€23,591
down €23,591 (-19.5%), from €121,073 to €97,482
of which Furniture and vehicles: -€17,501
- Other debts +€77,549
up €77,549 (+450%), from €17,251 to €94,800
- Tax, wage and social debts +€37,754
up €37,754 (+42.0%), from €89,808 to €127,562
of which Taxes: +€40,430
- Reserves +€25,000
up €25,000 (+4.3%), from €585,000 to €610,000
of which Distributable reserves: +€25,000
- Profit (loss) carried forward +€24,772
up €24,772 (+37.5%), from €66,046 to €90,818
- Gross operating margin +€218,239
up €218,239 (+57.2%), from €381,502 to €599,741
- Taxes +€38,736
up €38,736 (+334%), from €11,604 to €50,340
- Staff costs +€36,677
up €36,677 (+12.4%), from €294,698 to €331,375
- Financial income -€15,748
down €15,748 (-87.0%), from €18,092 to €2,343
of which Non-recurring financial income: -€13,290
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,119,810 | €1,282,753 | +€162,943 | +14.6% |
| Fixed assets | 21/28 | €124,540 | €100,949 | -€23,591 | -18.9% |
| Tangible fixed assets | 22/27 | €121,073 | €97,482 | -€23,591 | -19.5% |
| Plant, machinery and equipment | 23 | €52,727 | €47,047 | -€5,679 | -10.8% |
| Furniture and vehicles | 24 | €67,116 | €49,614 | -€17,501 | -26.1% |
| Other tangible fixed assets | 26 | €1,231 | €820 | -€410 | -33.3% |
| Financial fixed assets | 28 | €3,467 | €3,467 | = | 0.0% |
| Current assets | 29/58 | €995,270 | €1,181,804 | +€186,534 | +18.7% |
| Stocks and contracts in progress | 3 | €133,321 | €168,825 | +€35,505 | +26.6% |
| Stocks | 30/36 | €133,321 | €168,825 | +€35,505 | +26.6% |
| Amounts receivable within one year | 40/41 | €594,029 | €547,395 | -€46,634 | -7.9% |
| Trade receivables | 40 | €579,814 | €535,661 | -€44,153 | -7.6% |
| Other amounts receivable | 41 | €14,215 | €11,735 | -€2,481 | -17.5% |
| Cash at bank and in hand | 54/58 | €232,353 | €437,254 | +€204,901 | +88.2% |
| Deferred charges and accrued income | 490/1 | €35,568 | €28,330 | -€7,238 | -20.3% |
| Total equity and liabilities | 10/49 | €1,119,810 | €1,282,753 | +€162,943 | +14.6% |
| Equity | 10/15 | €751,046 | €800,818 | +€49,772 | +6.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €585,000 | €610,000 | +€25,000 | +4.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €575,000 | €600,000 | +€25,000 | +4.3% |
| Profit (loss) carried forward | 14 | €66,046 | €90,818 | +€24,772 | +37.5% |
| Amounts payable | 17/49 | €368,764 | €481,935 | +€113,170 | +30.7% |
| Amounts payable after more than one year | 17 | €21,464 | €14,860 | -€6,604 | -30.8% |
| Financial debts | 170/4 | €21,464 | €14,860 | -€6,604 | -30.8% |
| Amounts payable within one year | 42/48 | €347,264 | €467,039 | +€119,775 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €6,604 | €6,604 | = | 0.0% |
| Trade debts | 44 | €233,600 | €238,073 | +€4,472 | +1.9% |
| Suppliers | 440/4 | €233,600 | €238,073 | +€4,472 | +1.9% |
| Taxes, remuneration and social security | 45 | €89,808 | €127,562 | +€37,754 | +42.0% |
| Taxes | 450/3 | €52,137 | €92,567 | +€40,430 | +77.5% |
| Remuneration and social security | 454/9 | €37,671 | €34,995 | -€2,676 | -7.1% |
| Other amounts payable | 47/48 | €17,251 | €94,800 | +€77,549 | +450% |
| Accrued charges and deferred income | 492/3 | €36 | €36 | -€0 | -0.4% |
| Remuneration, social security and pensions | 62 | €294,698 | €331,375 | +€36,677 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,461 | €39,514 | +€53 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,528 | €5,198 | +€670 | +14.8% |
| Other operating charges | 640/8 | €6,571 | €4,059 | -€2,512 | -38.2% |
| Gross operating margin | 9900 | €381,502 | €599,741 | +€218,239 | +57.2% |
| Operating profit (loss) | 9901 | €36,245 | €219,595 | +€183,350 | +506% |
| Financial income | 75/76B | €18,092 | €2,343 | -€15,748 | -87.0% |
| Recurring financial income | 75 | €4,802 | €2,343 | -€2,458 | -51.2% |
| Non-recurring financial income | 76B | €13,290 | - | -€13,290 | |
| Financial charges | 65/66B | €1,200 | €1,826 | +€626 | +52.1% |
| Recurring financial charges | 65 | €1,200 | €1,826 | +€626 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €53,137 | €220,113 | +€166,976 | +314% |
| Income taxes | 67/77 | €11,604 | €50,340 | +€38,736 | +334% |
| Profit (loss) for the period | 9904 | €41,532 | €169,772 | +€128,240 | +309% |
| Profit (loss) for the period to be appropriated | 9905 | €41,532 | €169,772 | +€128,240 | +309% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.