Grazie: 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.
Grazie
Largest movements
- Receivables within one year -€5,818
down €5,818 (-21.1%), from €27,607 to €21,790
of which Trade receivables: -€5,543
- Tangible fixed assets +€3,726
up €3,726 (+11.4%), from €32,773 to €36,499
of which Land and buildings: +€9,563
- Cash -€1,446
down €1,446 (-3.4%), from €42,917 to €41,471
mainly Investment in fixed assets (net) (-€11,563) and Other debts (-€11,064)
- Profit (loss) carried forward +€13,448
up €13,448 (+94.9%), from €14,170 to €27,619
- Other debts -€11,064
down €11,064 (-37.1%), from €29,853 to €18,790
- Tax, wage and social debts -€6,248
down €6,248 (-40.7%), from €15,333 to €9,085
of which Remuneration and social security: -€4,293
- Debts after one year -€3,844
down €3,844 (-48.7%), from €7,896 to €4,053
- Advances received +€1,639
up €1,639 (+87.2%), from €1,880 to €3,519
- Staff costs +€15,162
up €15,162 (+60.6%), from €25,028 to €40,190
- Gross operating margin +€14,882
up €14,882 (+31.3%), from €47,545 to €62,426
- Other operating charges -€1,489
down €1,489 (-93.0%), from €1,601 to €112
- Financial charges -€891
down €891 (-51.5%), from €1,732 to €840
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,173 | €105,228 | -€3,945 | -3.6% |
| Fixed assets | 21/28 | €32,773 | €36,499 | +€3,726 | +11.4% |
| Tangible fixed assets | 22/27 | €32,773 | €36,499 | +€3,726 | +11.4% |
| Land and buildings | 22 | - | €9,563 | +€9,563 | |
| Plant, machinery and equipment | 23 | €9,468 | €6,663 | -€2,805 | -29.6% |
| Furniture and vehicles | 24 | €23,305 | €20,272 | -€3,032 | -13.0% |
| Current assets | 29/58 | €76,400 | €68,730 | -€7,670 | -10.0% |
| Stocks and contracts in progress | 3 | €4,940 | €4,822 | -€118 | -2.4% |
| Stocks | 30/36 | €4,940 | €4,822 | -€118 | -2.4% |
| Amounts receivable within one year | 40/41 | €27,607 | €21,790 | -€5,818 | -21.1% |
| Trade receivables | 40 | €27,333 | €21,790 | -€5,543 | -20.3% |
| Other amounts receivable | 41 | €275 | - | -€275 | |
| Cash at bank and in hand | 54/58 | €42,917 | €41,471 | -€1,446 | -3.4% |
| Deferred charges and accrued income | 490/1 | €936 | €648 | -€288 | -30.8% |
| Total equity and liabilities | 10/49 | €109,173 | €105,228 | -€3,945 | -3.6% |
| Equity | 10/15 | €22,170 | €35,619 | +€13,448 | +60.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,170 | €27,619 | +€13,448 | +94.9% |
| Amounts payable | 17/49 | €87,003 | €69,610 | -€17,393 | -20.0% |
| Amounts payable after more than one year | 17 | €7,896 | €4,053 | -€3,844 | -48.7% |
| Financial debts | 170/4 | €7,896 | €4,053 | -€3,844 | -48.7% |
| Amounts payable within one year | 42/48 | €79,106 | €64,043 | -€15,063 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €3,646 | €3,844 | +€198 | +5.4% |
| Trade debts | 44 | €28,394 | €28,805 | +€411 | +1.4% |
| Suppliers | 440/4 | €28,394 | €28,805 | +€411 | +1.4% |
| Advances received on contracts in progress | 46 | €1,880 | €3,519 | +€1,639 | +87.2% |
| Taxes, remuneration and social security | 45 | €15,333 | €9,085 | -€6,248 | -40.7% |
| Taxes | 450/3 | €8,465 | €6,511 | -€1,955 | -23.1% |
| Remuneration and social security | 454/9 | €6,868 | €2,575 | -€4,293 | -62.5% |
| Other amounts payable | 47/48 | €29,853 | €18,790 | -€11,064 | -37.1% |
| Accrued charges and deferred income | 492/3 | - | €1,514 | +€1,514 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €25,028 | €40,190 | +€15,162 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,458 | €7,837 | +€379 | +5.1% |
| Other operating charges | 640/8 | €1,601 | €112 | -€1,489 | -93.0% |
| Gross operating margin | 9900 | €47,545 | €62,426 | +€14,882 | +31.3% |
| Operating profit (loss) | 9901 | €13,457 | €14,287 | +€830 | +6.2% |
| Financial income | 75/76B | €58 | €26 | -€32 | -55.0% |
| Recurring financial income | 75 | €58 | €26 | -€32 | -55.0% |
| Financial charges | 65/66B | €1,732 | €840 | -€891 | -51.5% |
| Recurring financial charges | 65 | €1,732 | €840 | -€891 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €11,783 | €13,473 | +€1,689 | +14.3% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | €11,783 | €13,448 | +€1,665 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,783 | €13,448 | +€1,665 | +14.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.