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.
iets Graafs
Largest movements
- Tangible fixed assets -€12,388
down €12,388 (-2.4%), from €521,117 to €508,729
of which Leasing and similar rights: -€10,499
- 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
- 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
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 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 | €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.