GRAYWISE: what changed
Two fiscal 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.
GRAYWISE
Largest movements
- Receivables within one year -€4,804
down €4,804 (-86.9%), from €5,525 to €722
of which Trade receivables: -€4,747
- Tangible fixed assets -€2,882
down €2,882 (-100.0%), from €2,882 to €0
- Other debts -€28,772
down €28,772 (-36.7%), from €78,364 to €49,592
- Profit (loss) carried forward +€21,925
up €21,925 (+26.3%), from -€83,500 to -€61,575
- Trade debts -€915
down €915 (-31.7%), from €2,892 to €1,976
- Gross operating margin +€21,705
up €21,705 (+508.2%), from €4,271 to €25,976
- Depreciation -€1,320
down €1,320 (-31.4%), from €4,202 to €2,882
- Other operating charges +€461
up €461 (+106.8%), from €432 to €894
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.
Cash bridge derived
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 | €16,501 | €8,783 | -€7,717 | -46.8% |
| Fixed assets | 21/28 | €2,882 | €0 | -€2,882 | -100.0% |
| Tangible fixed assets | 22/27 | €2,882 | €0 | -€2,882 | -100.0% |
| Furniture and vehicles | 24 | €2,882 | €0 | -€2,882 | -100.0% |
| Current assets | 29/58 | €13,619 | €8,783 | -€4,836 | -35.5% |
| Amounts receivable within one year | 40/41 | €5,525 | €722 | -€4,804 | -86.9% |
| Trade receivables | 40 | €5,288 | €540 | -€4,747 | -89.8% |
| Other amounts receivable | 41 | €238 | €181 | -€56 | -23.7% |
| Cash at bank and in hand | 54/58 | €7,152 | €7,104 | -€48 | -0.7% |
| Deferred charges and accrued income | 490/1 | €942 | €958 | +€16 | +1.7% |
| Total equity and liabilities | 10/49 | €16,501 | €8,783 | -€7,717 | -46.8% |
| Equity | 10/15 | -€64,900 | -€42,975 | +€21,925 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,500 | -€61,575 | +€21,925 | +26.3% |
| Amounts payable | 17/49 | €81,401 | €51,758 | -€29,642 | -36.4% |
| Amounts payable within one year | 42/48 | €81,387 | €51,758 | -€29,628 | -36.4% |
| Trade debts | 44 | €2,892 | €1,976 | -€915 | -31.7% |
| Suppliers | 440/4 | €2,892 | €1,976 | -€915 | -31.7% |
| Taxes, remuneration and social security | 45 | €131 | €190 | +€59 | +45.3% |
| Taxes | 450/3 | €131 | €190 | +€59 | +45.3% |
| Other amounts payable | 47/48 | €78,364 | €49,592 | -€28,772 | -36.7% |
| Accrued charges and deferred income | 492/3 | €14 | €0 | -€14 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,202 | €2,882 | -€1,320 | -31.4% |
| Other operating charges | 640/8 | €432 | €894 | +€461 | +106.8% |
| Gross operating margin | 9900 | €4,271 | €25,976 | +€21,705 | +508.2% |
| Operating profit (loss) | 9901 | -€363 | €22,201 | +€22,564 | |
| Financial income | 75/76B | €1 | €66 | +€65 | +6883.0% |
| Recurring financial income | 75 | €1 | €66 | +€65 | +6883.0% |
| Financial charges | 65/66B | €172 | €151 | -€21 | -12.3% |
| Recurring financial charges | 65 | €172 | €151 | -€21 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€534 | €22,116 | +€22,650 | |
| Income taxes | 67/77 | €68 | €191 | +€123 | +181.1% |
| Profit (loss) for the period | 9904 | -€602 | €21,925 | +€22,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€602 | €21,925 | +€22,527 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.