GRAVOTECH BENELUX: what changed
What changed
GRAVOTECH BENELUX
NACE 46.649, Wholesale of other machinery and equipment
filed annual accounts (NBB)
Net result for the year
€41,554
2024 · €117,231-€75,677
Equity
€574,341
2024 · €532,787+€41,554
Cash
€602,583
2024 · €267,045+€335,538
Balance sheet total
€1.0m
2024 · €871,697+€139,259
Largest movements
Assets
- Cash +€335,538
up €335,538 (+126%), from €267,045 to €602,583
mainly Receivables within one year (+€149,106) and Accrued charges and deferred income (+€121,455)
- Receivables within one year -€149,106
down €149,106 (-31.5%), from €472,799 to €323,693
of which Trade receivables: -€145,083
- Stocks and contracts -€39,846
down €39,846 (-34.0%), from €117,354 to €77,508
Equity and liabilities
- Accrued charges and deferred income +€121,455
up €121,455 (+2,413%), from €5,033 to €126,489
- Tax, wage and social debts -€83,946
down €83,946 (-37.5%), from €224,135 to €140,189
of which Taxes: -€71,464
- Trade debts +€60,196
up €60,196 (+58.7%), from €102,560 to €162,756
- Profit (loss) carried forward +€41,554
up €41,554 (+12.9%), from €321,912 to €363,466
Income statement
- Gross operating margin -€282,017
down €282,017 (-37.5%), from €751,557 to €469,541
- Staff costs -€250,851
down €250,851 (-44.5%), from €564,148 to €313,297
- Write-downs +€98,684
up €98,684, from -€10,251 to €88,433
- Taxes -€34,951
down €34,951 (-61.4%), from €56,951 to €22,000
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.
Result 2024
€117,231
Gross operating margin
-€282,017
Staff costs
+€250,851
Depreciation
+€298
Write-downs
-€98,684
Other operating charges
+€3,985
Other operating items
+€10,390
Financial income
+€782
Financial charges
+€3,767
Taxes
+€34,951
Result 2025
€41,554
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€335,538
Investment
€0
Financing
€0
Cash 2024
€267,045
From operations (derived)
+€335,538
Net result for the year
+€41,554
Stocks and contracts
+€39,846
Receivables within one year
+€149,106
Deferred charges and accrued income
+€7,327
Trade debts
+€60,196
Tax, wage and social debts
-€83,946
Accrued charges and deferred income
+€121,455
Cash 2025
€602,583
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,697 | €1,010,956 | +€139,259 | +16.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €871,697 | €1,010,956 | +€139,259 | +16.0% |
| Stocks and contracts in progress | 3 | €117,354 | €77,508 | -€39,846 | -34.0% |
| Stocks | 30/36 | €117,354 | €77,508 | -€39,846 | -34.0% |
| Amounts receivable within one year | 40/41 | €472,799 | €323,693 | -€149,106 | -31.5% |
| Trade receivables | 40 | €467,086 | €322,003 | -€145,083 | -31.1% |
| Other amounts receivable | 41 | €5,713 | €1,690 | -€4,023 | -70.4% |
| Cash at bank and in hand | 54/58 | €267,045 | €602,583 | +€335,538 | +126% |
| Deferred charges and accrued income | 490/1 | €14,499 | €7,172 | -€7,327 | -50.5% |
| Total equity and liabilities | 10/49 | €871,697 | €1,010,956 | +€139,259 | +16.0% |
| Equity | 10/15 | €532,787 | €574,341 | +€41,554 | +7.8% |
| Contributions | 10/11 | €122,955 | €122,955 | = | 0.0% |
| Capital | 10 | €122,955 | €122,955 | = | 0.0% |
| Issued capital | 100 | €122,955 | €122,955 | = | 0.0% |
| Reserves | 13 | €87,920 | €87,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,296 | €12,296 | = | 0.0% |
| Legal reserve | 130 | €12,296 | €12,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,624 | €75,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | €321,912 | €363,466 | +€41,554 | +12.9% |
| Provisions and deferred taxes | 16 | €7,182 | €7,182 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,182 | €7,182 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,182 | €7,182 | = | 0.0% |
| Amounts payable | 17/49 | €331,728 | €429,433 | +€97,705 | +29.5% |
| Amounts payable within one year | 42/48 | €326,695 | €302,945 | -€23,750 | -7.3% |
| Trade debts | 44 | €102,560 | €162,756 | +€60,196 | +58.7% |
| Suppliers | 440/4 | €102,560 | €162,756 | +€60,196 | +58.7% |
| Taxes, remuneration and social security | 45 | €224,135 | €140,189 | -€83,946 | -37.5% |
| Taxes | 450/3 | €174,710 | €103,246 | -€71,464 | -40.9% |
| Remuneration and social security | 454/9 | €49,425 | €36,943 | -€12,482 | -25.3% |
| Accrued charges and deferred income | 492/3 | €5,033 | €126,489 | +€121,455 | +2,413% |
| Remuneration, social security and pensions | 62 | €564,148 | €313,297 | -€250,851 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €0 | -€298 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,251 | €88,433 | +€98,684 | |
| Other operating charges | 640/8 | €6,871 | €2,886 | -€3,985 | -58.0% |
| Non-recurring operating charges | 66A | €10,390 | €0 | -€10,390 | -100% |
| Gross operating margin | 9900 | €751,557 | €469,541 | -€282,017 | -37.5% |
| Operating profit (loss) | 9901 | €180,101 | €64,925 | -€115,176 | -64.0% |
| Financial income | 75/76B | €5 | €787 | +€782 | +14,694% |
| Recurring financial income | 75 | €5 | €787 | +€782 | +14,694% |
| Financial charges | 65/66B | €5,925 | €2,158 | -€3,767 | -63.6% |
| Recurring financial charges | 65 | €5,925 | €2,158 | -€3,767 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €174,182 | €63,554 | -€110,628 | -63.5% |
| Income taxes | 67/77 | €56,951 | €22,000 | -€34,951 | -61.4% |
| Profit (loss) for the period | 9904 | €117,231 | €41,554 | -€75,677 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,231 | €41,554 | -€75,677 | -64.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.