GRID GRAFX: 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.
GRID GRAFX
Largest movements
- Receivables within one year +€14,639
up €14,639 (+40.0%), from €36,572 to €51,211
of which Trade receivables: +€15,990
- Tangible fixed assets -€6,970
down €6,970 (-32.6%), from €21,388 to €14,417
of which Leasing and similar rights: -€5,062
- Stocks and contracts -€4,760
down €4,760 (-56.3%), from €8,458 to €3,698
of which Contracts in progress: -€5,510
- Reserves +€5,875
up €5,875 (+16.0%), from €36,739 to €42,614
- Tax, wage and social debts +€5,387
up €5,387 (+91.8%), from €5,866 to €11,253
of which Taxes: +€5,387
- Debts after one year -€5,021
down €5,021 (-39.7%), from €12,647 to €7,626
- Trade debts -€3,063
down €3,063 (-25.9%), from €11,810 to €8,746
- Gross operating margin +€17,222
up €17,222 (+140.8%), from €12,228 to €29,450
- Taxes +€5,089
up €5,089 (+645.0%), from €789 to €5,878
- Depreciation -€1,113
down €1,113 (-13.8%), from €8,083 to €6,970
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 | €99,136 | €103,267 | +€4,131 | +4.2% |
| Fixed assets | 21/28 | €21,388 | €14,417 | -€6,970 | -32.6% |
| Tangible fixed assets | 22/27 | €21,388 | €14,417 | -€6,970 | -32.6% |
| Plant, machinery and equipment | 23 | €2,410 | €1,071 | -€1,340 | -55.6% |
| Furniture and vehicles | 24 | €2,556 | €1,988 | -€569 | -22.2% |
| Leasing and similar rights | 25 | €16,421 | €11,359 | -€5,062 | -30.8% |
| Current assets | 29/58 | €77,748 | €88,850 | +€11,102 | +14.3% |
| Stocks and contracts in progress | 3 | €8,458 | €3,698 | -€4,760 | -56.3% |
| Stocks | 30/36 | - | €750 | +€750 | |
| Contracts in progress | 37 | €8,458 | €2,948 | -€5,510 | -65.2% |
| Amounts receivable within one year | 40/41 | €36,572 | €51,211 | +€14,639 | +40.0% |
| Trade receivables | 40 | €32,536 | €48,526 | +€15,990 | +49.1% |
| Other amounts receivable | 41 | €4,036 | €2,686 | -€1,350 | -33.5% |
| Cash at bank and in hand | 54/58 | €29,388 | €30,212 | +€824 | +2.8% |
| Deferred charges and accrued income | 490/1 | €3,330 | €3,729 | +€399 | +12.0% |
| Total equity and liabilities | 10/49 | €99,136 | €103,267 | +€4,131 | +4.2% |
| Equity | 10/15 | €63,133 | €69,008 | +€5,875 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,739 | €42,614 | +€5,875 | +16.0% |
| Distributable reserves | 133 | €36,739 | €42,614 | +€5,875 | +16.0% |
| Profit (loss) carried forward | 14 | €20,194 | €20,194 | = | 0.0% |
| Amounts payable | 17/49 | €36,003 | €34,259 | -€1,743 | -4.8% |
| Amounts payable after more than one year | 17 | €12,647 | €7,626 | -€5,021 | -39.7% |
| Financial debts | 170/4 | €12,647 | €7,626 | -€5,021 | -39.7% |
| Amounts payable within one year | 42/48 | €23,356 | €26,633 | +€3,278 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €4,793 | €5,021 | +€228 | +4.8% |
| Trade debts | 44 | €11,810 | €8,746 | -€3,063 | -25.9% |
| Suppliers | 440/4 | €11,810 | €8,746 | -€3,063 | -25.9% |
| Taxes, remuneration and social security | 45 | €5,866 | €11,253 | +€5,387 | +91.8% |
| Taxes | 450/3 | €4,066 | €9,453 | +€5,387 | +132.5% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €887 | €1,613 | +€727 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,083 | €6,970 | -€1,113 | -13.8% |
| Other operating charges | 640/8 | €1,480 | €1,195 | -€285 | -19.2% |
| Gross operating margin | 9900 | €12,228 | €29,450 | +€17,222 | +140.8% |
| Operating profit (loss) | 9901 | €2,664 | €21,284 | +€18,620 | +698.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,140 | €987 | -€153 | -13.4% |
| Recurring financial charges | 65 | €1,140 | €987 | -€153 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,524 | €20,297 | +€18,772 | +1231.7% |
| Income taxes | 67/77 | €789 | €5,878 | +€5,089 | +645.0% |
| Profit (loss) for the period | 9904 | €735 | €14,419 | +€13,684 | +1861.4% |
| Profit (loss) for the period to be appropriated | 9905 | €735 | €14,419 | +€13,684 | +1861.4% |
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 9 October 2026 via checked.be.