GRAVITATIS: 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.
GRAVITATIS
Largest movements
- Cash -€31,629
down €31,629 (-37.1%), from €85,166 to €53,537
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€24,780)
- Tangible fixed assets +€23,611
up €23,611 (+2,689%), from €878 to €24,489
of which Land and buildings: +€21,949
- Deferred charges and accrued income -€3,851
down €3,851 (-33.1%), from €11,647 to €7,796
- Receivables within one year +€1,272
up €1,272 (+8.7%), from €14,591 to €15,863
of which Trade receivables: +€1,410
- Profit (loss) carried forward -€11,913
down €11,913 (-11.4%), from €104,120 to €92,207
- Gross operating margin +€14,289
up €14,289 (+14.0%), from €102,184 to €116,473
- Financial income -€3,151
no longer reported in 2025 (was €3,151)
- Taxes +€2,715
up €2,715 (+13.3%), from €20,409 to €23,124
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 | €112,867 | €102,160 | -€10,707 | -9.5% |
| Formation expenses | 20 | €531 | €323 | -€208 | -39.2% |
| Fixed assets | 21/28 | €932 | €24,642 | +€23,710 | +2,545% |
| Intangible fixed assets | 21 | €54 | €35 | -€18 | -34.3% |
| Tangible fixed assets | 22/27 | €878 | €24,489 | +€23,611 | +2,689% |
| Land and buildings | 22 | - | €21,949 | +€21,949 | |
| Furniture and vehicles | 24 | €878 | €2,541 | +€1,663 | +189% |
| Financial fixed assets | 28 | - | €117 | +€117 | |
| Current assets | 29/58 | €111,404 | €77,196 | -€34,208 | -30.7% |
| Amounts receivable within one year | 40/41 | €14,591 | €15,863 | +€1,272 | +8.7% |
| Trade receivables | 40 | €13,500 | €14,910 | +€1,410 | +10.4% |
| Other amounts receivable | 41 | €1,091 | €953 | -€138 | -12.7% |
| Cash at bank and in hand | 54/58 | €85,166 | €53,537 | -€31,629 | -37.1% |
| Deferred charges and accrued income | 490/1 | €11,647 | €7,796 | -€3,851 | -33.1% |
| Total equity and liabilities | 10/49 | €112,867 | €102,160 | -€10,707 | -9.5% |
| Equity | 10/15 | €106,120 | €94,207 | -€11,913 | -11.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,120 | €92,207 | -€11,913 | -11.4% |
| Amounts payable | 17/49 | €6,747 | €7,954 | +€1,207 | +17.9% |
| Amounts payable within one year | 42/48 | €6,747 | €7,954 | +€1,207 | +17.9% |
| Trade debts | 44 | €329 | €504 | +€175 | +53.4% |
| Suppliers | 440/4 | €329 | €504 | +€175 | +53.4% |
| Taxes, remuneration and social security | 45 | €6,418 | €7,449 | +€1,031 | +16.1% |
| Taxes | 450/3 | €6,418 | €7,449 | +€1,031 | +16.1% |
| Non-recurring operating income | 76A | - | €119 | +€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €1,278 | +€354 | +38.3% |
| Other operating charges | 640/8 | €288 | €543 | +€255 | +88.4% |
| Non-recurring operating charges | 66A | - | €178 | +€178 | |
| Gross operating margin | 9900 | €102,184 | €116,473 | +€14,289 | +14.0% |
| Operating profit (loss) | 9901 | €100,971 | €114,474 | +€13,502 | +13.4% |
| Financial income | 75/76B | €3,151 | - | -€3,151 | |
| Recurring financial income | 75 | €3,151 | - | -€3,151 | |
| Financial charges | 65/66B | €3,826 | €3,263 | -€563 | -14.7% |
| Recurring financial charges | 65 | €3,826 | €3,263 | -€563 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €100,297 | €111,211 | +€10,914 | +10.9% |
| Income taxes | 67/77 | €20,409 | €23,124 | +€2,715 | +13.3% |
| Profit (loss) for the period | 9904 | €79,888 | €88,087 | +€8,199 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,888 | €88,087 | +€8,199 | +10.3% |
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 25 October 2026 via checked.be.