GRAVITY: 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.
GRAVITY
Largest movements
- Cash -€24,742
down €24,742 (-46.8%), from €52,831 to €28,088
mainly Contributions, distributions and other (-€201,444) and Tax, wage and social debts (-€3,235)
- Current investments -€9,112
down €9,112 (-10.1%), from €90,112 to €81,000
- Tangible fixed assets -€2,936
down €2,936 (-9.8%), from €29,860 to €26,925
of which Other tangible fixed assets: -€3,510
- Reserves -€127,248
down €127,248 (-63.8%), from €199,373 to €72,125
- Other debts +€93,028
up €93,028 (+9,182%), from €1,013 to €94,042
- Tax, wage and social debts -€3,235
down €3,235 (-70.8%), from €4,566 to €1,331
of which Taxes: -€3,235
- Gross operating margin +€36,155
up €36,155 (+57.4%), from €63,039 to €99,194
- Taxes +€7,338
up €7,338 (+62.8%), from €11,680 to €19,018
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 | €206,237 | €169,540 | -€36,696 | -17.8% |
| Fixed assets | 21/28 | €29,860 | €26,925 | -€2,936 | -9.8% |
| Tangible fixed assets | 22/27 | €29,860 | €26,925 | -€2,936 | -9.8% |
| Plant, machinery and equipment | 23 | €1,885 | €1,644 | -€241 | -12.8% |
| Furniture and vehicles | 24 | €236 | €1,051 | +€815 | +346% |
| Other tangible fixed assets | 26 | €27,740 | €24,229 | -€3,510 | -12.7% |
| Current assets | 29/58 | €176,376 | €142,616 | -€33,761 | -19.1% |
| Amounts receivable within one year | 40/41 | €32,784 | €32,234 | -€550 | -1.7% |
| Trade receivables | 40 | €29,428 | €31,947 | +€2,518 | +8.6% |
| Other amounts receivable | 41 | €3,355 | €287 | -€3,068 | -91.4% |
| Current investments | 50/53 | €90,112 | €81,000 | -€9,112 | -10.1% |
| Cash at bank and in hand | 54/58 | €52,831 | €28,088 | -€24,742 | -46.8% |
| Deferred charges and accrued income | 490/1 | €650 | €1,293 | +€644 | +99.0% |
| Total equity and liabilities | 10/49 | €206,237 | €169,540 | -€36,696 | -17.8% |
| Equity | 10/15 | €199,473 | €72,225 | -€127,248 | -63.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €199,373 | €72,125 | -€127,248 | -63.8% |
| Distributable reserves | 133 | €199,373 | €72,125 | -€127,248 | -63.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,763 | €97,315 | +€90,552 | +1,339% |
| Amounts payable within one year | 42/48 | €6,763 | €97,315 | +€90,552 | +1,339% |
| Financial debts | 43 | €193 | €98 | -€95 | -49.2% |
| Credit institutions | 430/8 | €193 | €98 | -€95 | -49.2% |
| Trade debts | 44 | €991 | €1,844 | +€853 | +86.1% |
| Suppliers | 440/4 | €991 | €1,844 | +€853 | +86.1% |
| Taxes, remuneration and social security | 45 | €4,566 | €1,331 | -€3,235 | -70.8% |
| Taxes | 450/3 | €4,566 | €1,331 | -€3,235 | -70.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,013 | €94,042 | +€93,028 | +9,182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,398 | €4,216 | -€182 | -4.1% |
| Other operating charges | 640/8 | €653 | €669 | +€16 | +2.4% |
| Gross operating margin | 9900 | €63,039 | €99,194 | +€36,155 | +57.4% |
| Operating profit (loss) | 9901 | €57,988 | €94,309 | +€36,321 | +62.6% |
| Financial income | 75/76B | €909 | €896 | -€13 | -1.4% |
| Recurring financial income | 75 | €909 | €896 | -€13 | -1.4% |
| Financial charges | 65/66B | €2,168 | €1,991 | -€177 | -8.2% |
| Recurring financial charges | 65 | €2,168 | €1,991 | -€177 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €56,730 | €93,215 | +€36,485 | +64.3% |
| Income taxes | 67/77 | €11,680 | €19,018 | +€7,338 | +62.8% |
| Profit (loss) for the period | 9904 | €45,050 | €74,196 | +€29,147 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,050 | €74,196 | +€29,147 | +64.7% |
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 14 October 2026 via checked.be.