GRAWEZ, EXPERTS-COMPTABLES CERTIFIES: 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.
GRAWEZ, EXPERTS-COMPTABLES CERTIFIES
Largest movements
- Financial fixed assets -€250,000
down €250,000 (-100.0%), from €250,104 to €104
- Cash +€220,434
up €220,434 (+131%), from €168,183 to €388,617
mainly Net result for the year (+€160,543) and Investment in fixed assets (net) (+€139,013)
- Current investments -€99,918
down €99,918 (-100%), from €99,918 to €0
- Tangible fixed assets +€89,788
up €89,788 (+93.8%), from €95,732 to €185,521
of which Land and buildings: +€116,511
- Receivables within one year -€15,773
down €15,773 (-9.9%), from €159,156 to €143,383
of which Trade receivables: -€15,731
- Other debts -€52,746
down €52,746 (-24.7%), from €213,288 to €160,543
- Tax, wage and social debts +€33,886
up €33,886 (+144%), from €23,498 to €57,384
of which Taxes: +€25,639
- Trade debts -€29,340
down €29,340 (-94.2%), from €31,134 to €1,793
- Staff costs +€32,582
up €32,582 (+32.9%), from €99,116 to €131,698
- Other operating charges +€15,255
up €15,255 (+359%), from €4,247 to €19,501
- Depreciation +€9,085
up €9,085 (+75.0%), from €12,114 to €21,199
- Gross operating margin +€6,461
up €6,461 (+1.9%), from €338,210 to €344,671
- Write-downs +€5,516
up €5,516, from -€4,959 to €558
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 | €794,477 | €747,528 | -€46,949 | -5.9% |
| Fixed assets | 21/28 | €345,836 | €185,625 | -€160,212 | -46.3% |
| Tangible fixed assets | 22/27 | €95,732 | €185,521 | +€89,788 | +93.8% |
| Land and buildings | 22 | €14,629 | €131,141 | +€116,511 | +796% |
| Furniture and vehicles | 24 | €63,573 | €52,733 | -€10,840 | -17.1% |
| Other tangible fixed assets | 26 | €1,830 | €1,647 | -€183 | -10.0% |
| Assets under construction and advance payments | 27 | €15,700 | €0 | -€15,700 | -100% |
| Financial fixed assets | 28 | €250,104 | €104 | -€250,000 | -100.0% |
| Current assets | 29/58 | €448,641 | €561,903 | +€113,262 | +25.2% |
| Amounts receivable within one year | 40/41 | €159,156 | €143,383 | -€15,773 | -9.9% |
| Trade receivables | 40 | €158,910 | €143,179 | -€15,731 | -9.9% |
| Other amounts receivable | 41 | €246 | €204 | -€42 | -17.1% |
| Current investments | 50/53 | €99,918 | €0 | -€99,918 | -100% |
| Cash at bank and in hand | 54/58 | €168,183 | €388,617 | +€220,434 | +131% |
| Deferred charges and accrued income | 490/1 | €21,384 | €29,903 | +€8,519 | +39.8% |
| Total equity and liabilities | 10/49 | €794,477 | €747,528 | -€46,949 | -5.9% |
| Equity | 10/15 | €524,958 | €524,958 | = | 0.0% |
| Contributions | 10/11 | €25,150 | €25,150 | = | 0.0% |
| Reserves | 13 | €349,392 | €349,392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €0 | -€250,000 | -100% |
| Reserves not available under the articles | 1311 | €250,000 | €0 | -€250,000 | -100% |
| Distributable reserves | 133 | €99,392 | €349,392 | +€250,000 | +252% |
| Profit (loss) carried forward | 14 | €150,416 | €150,416 | = | 0.0% |
| Amounts payable | 17/49 | €269,520 | €222,570 | -€46,949 | -17.4% |
| Amounts payable within one year | 42/48 | €267,920 | €219,720 | -€48,199 | -18.0% |
| Trade debts | 44 | €31,134 | €1,793 | -€29,340 | -94.2% |
| Suppliers | 440/4 | €31,134 | €1,793 | -€29,340 | -94.2% |
| Taxes, remuneration and social security | 45 | €23,498 | €57,384 | +€33,886 | +144% |
| Taxes | 450/3 | €4,888 | €30,527 | +€25,639 | +525% |
| Remuneration and social security | 454/9 | €18,610 | €26,857 | +€8,248 | +44.3% |
| Other amounts payable | 47/48 | €213,288 | €160,543 | -€52,746 | -24.7% |
| Accrued charges and deferred income | 492/3 | €1,600 | €2,850 | +€1,250 | +78.1% |
| Remuneration, social security and pensions | 62 | €99,116 | €131,698 | +€32,582 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,114 | €21,199 | +€9,085 | +75.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,959 | €558 | +€5,516 | |
| Other operating charges | 640/8 | €4,247 | €19,501 | +€15,255 | +359% |
| Gross operating margin | 9900 | €338,210 | €344,671 | +€6,461 | +1.9% |
| Operating profit (loss) | 9901 | €227,692 | €171,716 | -€55,977 | -24.6% |
| Financial income | 75/76B | €7,051 | €6,348 | -€702 | -10.0% |
| Recurring financial income | 75 | €7,051 | €6,348 | -€702 | -10.0% |
| Financial charges | 65/66B | €818 | €402 | -€416 | -50.9% |
| Recurring financial charges | 65 | €818 | €402 | -€416 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €233,925 | €177,662 | -€56,263 | -24.1% |
| Income taxes | 67/77 | €20,637 | €17,120 | -€3,517 | -17.0% |
| Profit (loss) for the period | 9904 | €213,288 | €160,543 | -€52,746 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €213,288 | €160,543 | -€52,746 | -24.7% |
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.