Graviteit: 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.
Graviteit
Largest movements
- Tangible fixed assets +€554,488
up €554,488 (+3,343%), from €16,588 to €571,076
of which Land and buildings: +€560,007
- Receivables within one year +€51,721
up €51,721 (+87.8%), from €58,879 to €110,600
of which Trade receivables: +€33,557
- Current investments -€50,300
down €50,300 (-20.1%), from €250,000 to €199,700
- Cash -€49,152
down €49,152 (-79.8%), from €61,626 to €12,473
mainly Investment in fixed assets (net) (-€636,548) and Contributions, distributions and other (-€223,991)
- Debts after one year +€455,128
new in 2025: €455,128
- Other debts +€193,326
up €193,326 (+198%), from €97,573 to €290,900
- Reserves -€146,832
down €146,832 (-72.2%), from €203,390 to €56,558
- Tax, wage and social debts -€27,362
down €27,362 (-31.2%), from €87,712 to €60,350
of which Taxes: -€31,268
- Current portion of long-term debt +€24,872
new in 2025: €24,872
- Depreciation +€76,817
up €76,817 (+1,465%), from €5,244 to €82,060
- Gross operating margin +€42,008
up €42,008 (+10.6%), from €395,257 to €437,264
- Staff costs +€28,129
up €28,129 (+12.8%), from €219,106 to €247,235
- Taxes -€16,204
down €16,204 (-34.2%), from €47,378 to €31,174
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 | €389,273 | €902,671 | +€513,398 | +132% |
| Fixed assets | 21/28 | €18,768 | €573,256 | +€554,488 | +2,954% |
| Tangible fixed assets | 22/27 | €16,588 | €571,076 | +€554,488 | +3,343% |
| Land and buildings | 22 | - | €560,007 | +€560,007 | |
| Plant, machinery and equipment | 23 | €16,405 | €11,069 | -€5,335 | -32.5% |
| Furniture and vehicles | 24 | €183 | €0 | -€183 | -100% |
| Financial fixed assets | 28 | €2,180 | €2,180 | = | 0.0% |
| Current assets | 29/58 | €370,505 | €329,415 | -€41,090 | -11.1% |
| Amounts receivable within one year | 40/41 | €58,879 | €110,600 | +€51,721 | +87.8% |
| Trade receivables | 40 | €36,148 | €69,705 | +€33,557 | +92.8% |
| Other amounts receivable | 41 | €22,731 | €40,895 | +€18,164 | +79.9% |
| Current investments | 50/53 | €250,000 | €199,700 | -€50,300 | -20.1% |
| Cash at bank and in hand | 54/58 | €61,626 | €12,473 | -€49,152 | -79.8% |
| Deferred charges and accrued income | 490/1 | - | €6,641 | +€6,641 | |
| Total equity and liabilities | 10/49 | €389,273 | €902,671 | +€513,398 | +132% |
| Equity | 10/15 | €203,490 | €56,658 | -€146,832 | -72.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €203,390 | €56,558 | -€146,832 | -72.2% |
| Distributable reserves | 133 | €203,390 | €56,558 | -€146,832 | -72.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €185,783 | €846,013 | +€660,230 | +355% |
| Amounts payable after more than one year | 17 | - | €455,128 | +€455,128 | |
| Financial debts | 170/4 | - | €455,128 | +€455,128 | |
| Amounts payable within one year | 42/48 | €185,783 | €390,726 | +€204,943 | +110% |
| Current portion of amounts payable after more than one year | 42 | - | €24,872 | +€24,872 | |
| Trade debts | 44 | €497 | €14,604 | +€14,106 | +2,837% |
| Suppliers | 440/4 | €497 | €14,604 | +€14,106 | +2,837% |
| Taxes, remuneration and social security | 45 | €87,712 | €60,350 | -€27,362 | -31.2% |
| Taxes | 450/3 | €60,539 | €29,270 | -€31,268 | -51.7% |
| Remuneration and social security | 454/9 | €27,174 | €31,080 | +€3,906 | +14.4% |
| Other amounts payable | 47/48 | €97,573 | €290,900 | +€193,326 | +198% |
| Accrued charges and deferred income | 492/3 | - | €159 | +€159 | |
| Remuneration, social security and pensions | 62 | €219,106 | €247,235 | +€28,129 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,244 | €82,060 | +€76,817 | +1,465% |
| Other operating charges | 640/8 | €873 | €1,659 | +€786 | +90.0% |
| Gross operating margin | 9900 | €395,257 | €437,264 | +€42,008 | +10.6% |
| Operating profit (loss) | 9901 | €170,034 | €106,310 | -€63,723 | -37.5% |
| Financial income | 75/76B | €1,828 | €4,952 | +€3,125 | +171% |
| Recurring financial income | 75 | €1,828 | €4,952 | +€3,125 | +171% |
| Financial charges | 65/66B | €561 | €2,929 | +€2,368 | +422% |
| Recurring financial charges | 65 | €561 | €2,929 | +€2,368 | +422% |
| Profit (loss) for the period before taxes | 9903 | €171,300 | €108,333 | -€62,967 | -36.8% |
| Income taxes | 67/77 | €47,378 | €31,174 | -€16,204 | -34.2% |
| Profit (loss) for the period | 9904 | €123,922 | €77,159 | -€46,763 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,922 | €77,159 | -€46,763 | -37.7% |
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 19 October 2026 via checked.be.