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iets Graafs: 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.

What changed

iets Graafs

BE 1001.508.370
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,623
2024 · €2,319+€30,304
Equity
€36,249
2024 · €4,460+€31,790
Cash
€41,789
2024 · €41,798-€10
Balance sheet total
€565,219
2024 · €572,535-€7,316

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€12,388

    down €12,388 (-2.4%), from €521,117 to €508,729

    of which Leasing and similar rights: -€10,499

Equity and liabilities
  • Reserves +€31,790

    up €31,790 (+2,178%), from €1,460 to €33,249

  • Debts after one year -€27,826

    down €27,826 (-5.4%), from €512,035 to €484,209

    of which Financial debts: -€27,826

  • Other debts -€14,540

    down €14,540 (-93.8%), from €15,500 to €960

Income statement
  • Depreciation -€18,476

    down €18,476 (-35.3%), from €52,325 to €33,849

  • Gross operating margin +€17,965

    up €17,965 (+24.4%), from €73,711 to €91,675

  • Taxes +€11,200

    up €11,200 (+859%), from €1,305 to €12,504

  • Financial charges +€4,043

    up €4,043 (+63.0%), from €6,421 to €10,464

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €2,319
Gross operating margin +€17,965
Depreciation +€18,476
Other operating charges +€586
Other operating items +€8,520
Financial charges -€4,043
Taxes -€11,200
Result 2025 €32,623
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations +€50,425
Investment -€21,461
Financing -€28,974
Cash 2024 €41,798
Net result for the year +€32,623
Depreciation +€33,849
Receivables within one year -€5,082
Trade debts +€58
Tax, wage and social debts +€3,882
Other debts -€14,540
Accrued charges and deferred income -€364
Investment in fixed assets (net) -€21,461
Debts after one year -€27,826
Current portion of long-term debt -€315
Contributions, distributions and other -€833
Cash 2025 €41,789
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €572,535 €565,219 -€7,316 -1.3%
Fixed assets 21/28 €521,117 €508,729 -€12,388 -2.4%
Tangible fixed assets 22/27 €521,117 €508,729 -€12,388 -2.4%
Land and buildings 22 €472,557 €470,354 -€2,204 -0.5%
Plant, machinery and equipment 23 €2,899 €3,470 +€571 +19.7%
Furniture and vehicles 24 €1,198 €942 -€256 -21.4%
Leasing and similar rights 25 €44,463 €33,964 -€10,499 -23.6%
Current assets 29/58 €51,418 €56,490 +€5,073 +9.9%
Amounts receivable within one year 40/41 €9,620 €14,702 +€5,082 +52.8%
Trade receivables 40 €9,620 €14,602 +€4,982 +51.8%
Other amounts receivable 41 - €100 +€100
Cash at bank and in hand 54/58 €41,798 €41,789 -€10 0.0%
Total equity and liabilities 10/49 €572,535 €565,219 -€7,316 -1.3%
Equity 10/15 €4,460 €36,249 +€31,790 +713%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €1,460 €33,249 +€31,790 +2,178%
Distributable reserves 133 €1,460 €33,249 +€31,790 +2,178%
Amounts payable 17/49 €568,075 €528,970 -€39,105 -6.9%
Amounts payable after more than one year 17 €512,035 €484,209 -€27,826 -5.4%
Financial debts 170/4 €262,035 €234,209 -€27,826 -10.6%
Other amounts payable 178/9 €250,000 €250,000 = 0.0%
Amounts payable within one year 42/48 €55,676 €44,761 -€10,915 -19.6%
Current portion of amounts payable after more than one year 42 €28,141 €27,826 -€315 -1.1%
Trade debts 44 €138 €195 +€58 +41.9%
Suppliers 440/4 €138 €195 +€58 +41.9%
Taxes, remuneration and social security 45 €11,897 €15,780 +€3,882 +32.6%
Taxes 450/3 €7,807 €13,189 +€5,382 +68.9%
Remuneration and social security 454/9 €4,090 €2,590 -€1,500 -36.7%
Other amounts payable 47/48 €15,500 €960 -€14,540 -93.8%
Accrued charges and deferred income 492/3 €364 - -€364
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €52,325 €33,849 -€18,476 -35.3%
Other operating charges 640/8 €2,821 €2,235 -€586 -20.8%
Non-recurring operating charges 66A €8,520 - -€8,520
Gross operating margin 9900 €73,711 €91,675 +€17,965 +24.4%
Operating profit (loss) 9901 €10,044 €55,591 +€45,547 +453%
Financial charges 65/66B €6,421 €10,464 +€4,043 +63.0%
Recurring financial charges 65 €6,421 €10,464 +€4,043 +63.0%
Profit (loss) for the period before taxes 9903 €3,623 €45,127 +€41,504 +1,146%
Income taxes 67/77 €1,305 €12,504 +€11,200 +859%
Profit (loss) for the period 9904 €2,319 €32,623 +€30,304 +1,307%
Profit (loss) for the period to be appropriated 9905 €2,319 €32,623 +€30,304 +1,307%

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 16 October 2026 via checked.be.