GRAZ: 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.
GRAZ
Largest movements
- Tangible fixed assets -€11,569
down €11,569 (-17.0%), from €67,988 to €56,419
of which Other tangible fixed assets: -€9,589
- Stocks and contracts +€8,639
up €8,639 (+67.1%), from €12,880 to €21,518
- Receivables within one year +€3,724
up €3,724 (+300.1%), from €1,241 to €4,965
of which Other amounts receivable: +€3,777
- Cash +€3,047
up €3,047 (+15.2%), from €20,077 to €23,124
mainly Depreciation (+€13,118) and Tax, wage and social debts (+€12,422)
- Tax, wage and social debts +€12,422
up €12,422 (+76.9%), from €16,147 to €28,569
of which Remuneration and social security: +€10,082
- Debts after one year -€10,526
down €10,526 (-32.7%), from €32,192 to €21,666
- Trade debts +€2,886
up €2,886 (+30.6%), from €9,435 to €12,321
- Other debts -€1,870
down €1,870 (-12.0%), from €15,573 to €13,703
- Staff costs +€42,847
up €42,847 (+25.8%), from €166,302 to €209,149
- Gross operating margin +€18,257
up €18,257 (+8.3%), from €219,209 to €237,465
- Depreciation -€3,173
down €3,173 (-19.5%), from €16,291 to €13,118
- Taxes -€2,913
down €2,913 (-40.8%), from €7,136 to €4,223
- Financial charges -€2,572
down €2,572 (-47.5%), from €5,419 to €2,847
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 | €122,306 | €126,795 | +€4,490 | +3.7% |
| Fixed assets | 21/28 | €67,988 | €56,419 | -€11,569 | -17.0% |
| Tangible fixed assets | 22/27 | €67,988 | €56,419 | -€11,569 | -17.0% |
| Plant, machinery and equipment | 23 | €745 | €1,673 | +€928 | +124.7% |
| Furniture and vehicles | 24 | €11,553 | €8,645 | -€2,908 | -25.2% |
| Other tangible fixed assets | 26 | €55,690 | €46,101 | -€9,589 | -17.2% |
| Current assets | 29/58 | €54,318 | €70,376 | +€16,058 | +29.6% |
| Stocks and contracts in progress | 3 | €12,880 | €21,518 | +€8,639 | +67.1% |
| Stocks | 30/36 | €12,880 | €21,518 | +€8,639 | +67.1% |
| Amounts receivable within one year | 40/41 | €1,241 | €4,965 | +€3,724 | +300.1% |
| Trade receivables | 40 | €258 | €205 | -€53 | -20.7% |
| Other amounts receivable | 41 | €982 | €4,760 | +€3,777 | +384.5% |
| Current investments | 50/53 | €20,120 | €20,199 | +€79 | +0.4% |
| Cash at bank and in hand | 54/58 | €20,077 | €23,124 | +€3,047 | +15.2% |
| Deferred charges and accrued income | 490/1 | - | €570 | +€570 | |
| Total equity and liabilities | 10/49 | €122,306 | €126,795 | +€4,490 | +3.7% |
| Equity | 10/15 | €36,930 | €38,155 | +€1,226 | +3.3% |
| Contributions | 10/11 | €800 | €800 | = | 0.0% |
| Reserves | 13 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | €1,880 | €1,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,250 | €35,475 | +€1,226 | +3.6% |
| Amounts payable | 17/49 | €85,376 | €88,640 | +€3,264 | +3.8% |
| Amounts payable after more than one year | 17 | €32,192 | €21,666 | -€10,526 | -32.7% |
| Financial debts | 170/4 | €32,192 | €21,666 | -€10,526 | -32.7% |
| Amounts payable within one year | 42/48 | €51,329 | €65,119 | +€13,790 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €10,173 | €10,526 | +€353 | +3.5% |
| Trade debts | 44 | €9,435 | €12,321 | +€2,886 | +30.6% |
| Suppliers | 440/4 | €9,435 | €12,321 | +€2,886 | +30.6% |
| Taxes, remuneration and social security | 45 | €16,147 | €28,569 | +€12,422 | +76.9% |
| Taxes | 450/3 | €5,726 | €8,066 | +€2,339 | +40.9% |
| Remuneration and social security | 454/9 | €10,421 | €20,504 | +€10,082 | +96.7% |
| Other amounts payable | 47/48 | €15,573 | €13,703 | -€1,870 | -12.0% |
| Accrued charges and deferred income | 492/3 | €1,855 | €1,855 | = | 0.0% |
| Non-recurring operating income | 76A | €12,884 | - | -€12,884 | |
| Remuneration, social security and pensions | 62 | €166,302 | €209,149 | +€42,847 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,291 | €13,118 | -€3,173 | -19.5% |
| Other operating charges | 640/8 | €1,169 | €777 | -€392 | -33.6% |
| Non-recurring operating charges | 66A | €172 | - | -€172 | |
| Gross operating margin | 9900 | €219,209 | €237,465 | +€18,257 | +8.3% |
| Operating profit (loss) | 9901 | €35,275 | €14,422 | -€20,853 | -59.1% |
| Financial income | 75/76B | €1,644 | €1,017 | -€628 | -38.2% |
| Recurring financial income | 75 | €1,644 | €1,017 | -€628 | -38.2% |
| Financial charges | 65/66B | €5,419 | €2,847 | -€2,572 | -47.5% |
| Recurring financial charges | 65 | €5,419 | €2,847 | -€2,572 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €31,500 | €12,591 | -€18,909 | -60.0% |
| Income taxes | 67/77 | €7,136 | €4,223 | -€2,913 | -40.8% |
| Profit (loss) for the period | 9904 | €24,365 | €8,368 | -€15,996 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,365 | €8,368 | -€15,996 | -65.7% |
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 11 October 2026 via checked.be.