L & CIE GRAFIX: 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.
L & CIE GRAFIX
Largest movements
- Current investments -€16,413
down €16,413 (-55.2%), from €29,724 to €13,311
- Cash +€14,119
up €14,119 (+31.9%), from €44,292 to €58,411
mainly Net result for the year (+€24,944) and Current investments (+€16,413)
- Receivables within one year -€6,136
down €6,136 (-27.8%), from €22,080 to €15,944
of which Trade receivables: -€3,140
- Tangible fixed assets -€4,099
down €4,099 (-23.7%), from €17,325 to €13,226
of which Furniture and vehicles: -€4,014
- Receivables after one year -€2,340
down €2,340 (-100%), from €2,340 to €0
- Other debts -€46,006
down €46,006 (-100%), from €46,006 to €0
- Reserves +€24,944
up €24,944 (+184%), from €13,523 to €38,467
of which Distributable reserves: +€24,944
- Tax, wage and social debts +€3,714
up €3,714 (+40.3%), from €9,225 to €12,939
- Trade debts +€1,841
up €1,841 (+128%), from €1,435 to €3,276
- Gross operating margin +€9,917
up €9,917 (+30.3%), from €32,689 to €42,606
- Taxes +€3,964
up €3,964 (+51.2%), from €7,746 to €11,709
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 | €120,398 | €105,194 | -€15,204 | -12.6% |
| Fixed assets | 21/28 | €17,325 | €13,226 | -€4,099 | -23.7% |
| Tangible fixed assets | 22/27 | €17,325 | €13,226 | -€4,099 | -23.7% |
| Plant, machinery and equipment | 23 | €3,991 | €3,906 | -€85 | -2.1% |
| Furniture and vehicles | 24 | €13,334 | €9,320 | -€4,014 | -30.1% |
| Current assets | 29/58 | €103,073 | €91,969 | -€11,104 | -10.8% |
| Amounts receivable after more than one year | 29 | €2,340 | €0 | -€2,340 | -100% |
| Other amounts receivable | 291 | €2,340 | €0 | -€2,340 | -100% |
| Amounts receivable within one year | 40/41 | €22,080 | €15,944 | -€6,136 | -27.8% |
| Trade receivables | 40 | €16,557 | €13,417 | -€3,140 | -19.0% |
| Other amounts receivable | 41 | €5,523 | €2,528 | -€2,996 | -54.2% |
| Current investments | 50/53 | €29,724 | €13,311 | -€16,413 | -55.2% |
| Cash at bank and in hand | 54/58 | €44,292 | €58,411 | +€14,119 | +31.9% |
| Deferred charges and accrued income | 490/1 | €4,637 | €4,303 | -€334 | -7.2% |
| Total equity and liabilities | 10/49 | €120,398 | €105,194 | -€15,204 | -12.6% |
| Equity | 10/15 | €63,523 | €88,467 | +€24,944 | +39.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €13,523 | €38,467 | +€24,944 | +184% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €8,523 | €33,467 | +€24,944 | +293% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,875 | €16,727 | -€40,148 | -70.6% |
| Amounts payable within one year | 42/48 | €56,875 | €16,727 | -€40,148 | -70.6% |
| Financial debts | 43 | €209 | €513 | +€304 | +146% |
| Credit institutions | 430/8 | €209 | €513 | +€304 | +146% |
| Trade debts | 44 | €1,435 | €3,276 | +€1,841 | +128% |
| Suppliers | 440/4 | €1,435 | €3,276 | +€1,841 | +128% |
| Taxes, remuneration and social security | 45 | €9,225 | €12,939 | +€3,714 | +40.3% |
| Taxes | 450/3 | €9,225 | €12,939 | +€3,714 | +40.3% |
| Other amounts payable | 47/48 | €46,006 | €0 | -€46,006 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,637 | €5,868 | +€231 | +4.1% |
| Other operating charges | 640/8 | €789 | €1,018 | +€229 | +29.0% |
| Gross operating margin | 9900 | €32,689 | €42,606 | +€9,917 | +30.3% |
| Operating profit (loss) | 9901 | €26,264 | €35,721 | +€9,457 | +36.0% |
| Financial income | 75/76B | €920 | €1,126 | +€206 | +22.4% |
| Recurring financial income | 75 | €920 | €1,126 | +€206 | +22.4% |
| Financial charges | 65/66B | €287 | €194 | -€93 | -32.5% |
| Recurring financial charges | 65 | €287 | €194 | -€93 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €26,896 | €36,653 | +€9,757 | +36.3% |
| Income taxes | 67/77 | €7,746 | €11,709 | +€3,964 | +51.2% |
| Profit (loss) for the period | 9904 | €19,151 | €24,944 | +€5,793 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,151 | €24,944 | +€5,793 | +30.3% |
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 25 October 2026 via checked.be.