GRAPHINE: what changed
What changed
GRAPHINE
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
-€110,398
2024 · €149,764-€260,161
Equity
€1.6m
2024 · €1.7m-€110,398
Cash
€829,099
2024 · €442,869+€386,231
Balance sheet total
€2.3m
2024 · €2.5m-€222,242
Largest movements
Assets
- Receivables within one year -€499,692
down €499,692 (-25.8%), from €1.9m to €1.4m
of which Trade receivables: -€543,873
- Cash +€386,231
up €386,231 (+87.2%), from €442,869 to €829,099
mainly Receivables within one year (+€499,692) and Current investments (+€97,265)
- Current investments -€97,265
down €97,265 (-100%), from €97,265 to €0
Equity and liabilities
- Trade debts -€194,498
down €194,498 (-55.2%), from €352,434 to €157,937
- Profit (loss) carried forward -€110,398
down €110,398 (-9.5%), from €1.2m to €1.1m
- Tax, wage and social debts +€61,274
up €61,274 (+19.3%), from €317,657 to €378,931
of which Taxes: +€45,529
Income statement
- Gross operating margin -€893,448
down €893,448 (-38.8%), from €2.3m to €1.4m
- Staff costs -€778,698
down €778,698 (-37.5%), from €2.1m to €1.3m
- Financial charges +€219,263
up €219,263, from €0 to €219,263
of which Financial charges: +€121,998
- Depreciation -€28,356
down €28,356 (-81.5%), from €34,806 to €6,450
- Other operating charges -€24,979
down €24,979 (-91.2%), from €27,381 to €2,401
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€149,764
Gross operating margin
-€893,448
Staff costs
+€778,698
Depreciation
+€28,356
Other operating charges
+€24,979
Other operating items
+€1,928
Financial income
-€6,087
Financial charges
-€219,263
Taxes
+€24,675
Result 2025
-€110,398
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€288,966
Investment
+€97,265
Financing
€0
Cash 2024
€442,869
From operations (derived)
+€288,966
Net result for the year
-€110,398
Depreciation
+€6,450
Receivables within one year
+€499,692
Deferred charges and accrued income
+€5,065
Trade debts
-€194,498
Tax, wage and social debts
+€61,274
Accrued charges and deferred income
+€21,380
Investment (derived)
+€97,265
Current investments
+€97,265
Cash 2025
€829,099
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,489,995 | €2,267,754 | -€222,242 | -8.9% |
| Fixed assets | 21/28 | €10,658 | €4,208 | -€6,450 | -60.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,450 | €0 | -€6,450 | -100% |
| Plant, machinery and equipment | 23 | €6,450 | €0 | -€6,450 | -100% |
| Financial fixed assets | 28 | €4,208 | €4,208 | = | 0.0% |
| Current assets | 29/58 | €2,479,337 | €2,263,546 | -€215,791 | -8.7% |
| Amounts receivable within one year | 40/41 | €1,934,139 | €1,434,447 | -€499,692 | -25.8% |
| Trade receivables | 40 | €1,901,708 | €1,357,835 | -€543,873 | -28.6% |
| Other amounts receivable | 41 | €32,430 | €76,611 | +€44,181 | +136% |
| Current investments | 50/53 | €97,265 | €0 | -€97,265 | -100% |
| Cash at bank and in hand | 54/58 | €442,869 | €829,099 | +€386,231 | +87.2% |
| Deferred charges and accrued income | 490/1 | €5,065 | €0 | -€5,065 | -100% |
| Total equity and liabilities | 10/49 | €2,489,995 | €2,267,754 | -€222,242 | -8.9% |
| Equity | 10/15 | €1,722,381 | €1,611,984 | -€110,398 | -6.4% |
| Contributions | 10/11 | €541,108 | €541,108 | = | 0.0% |
| Capital | 10 | €208,655 | €208,655 | = | 0.0% |
| Issued capital | 100 | €208,655 | €208,655 | = | 0.0% |
| Contributions outside capital | 11 | €332,453 | €332,453 | = | 0.0% |
| Share premium | 1100/10 | €332,453 | €332,453 | = | 0.0% |
| Reserves | 13 | €20,865 | €20,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,865 | €20,865 | = | 0.0% |
| Legal reserve | 130 | €20,865 | €20,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,160,408 | €1,050,010 | -€110,398 | -9.5% |
| Amounts payable | 17/49 | €767,614 | €655,770 | -€111,844 | -14.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €670,092 | €536,868 | -€133,224 | -19.9% |
| Trade debts | 44 | €352,434 | €157,937 | -€194,498 | -55.2% |
| Suppliers | 440/4 | €352,434 | €157,937 | -€194,498 | -55.2% |
| Taxes, remuneration and social security | 45 | €317,657 | €378,931 | +€61,274 | +19.3% |
| Taxes | 450/3 | €103,019 | €148,547 | +€45,529 | +44.2% |
| Remuneration and social security | 454/9 | €214,639 | €230,384 | +€15,745 | +7.3% |
| Accrued charges and deferred income | 492/3 | €97,523 | €118,903 | +€21,380 | +21.9% |
| Remuneration, social security and pensions | 62 | €2,073,896 | €1,295,198 | -€778,698 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,806 | €6,450 | -€28,356 | -81.5% |
| Other operating charges | 640/8 | €27,381 | €2,401 | -€24,979 | -91.2% |
| Non-recurring operating charges | 66A | €1,928 | €0 | -€1,928 | -100% |
| Gross operating margin | 9900 | €2,302,125 | €1,408,677 | -€893,448 | -38.8% |
| Operating profit (loss) | 9901 | €164,114 | €104,628 | -€59,486 | -36.2% |
| Financial income | 75/76B | €13,858 | €7,771 | -€6,087 | -43.9% |
| Recurring financial income | 75 | €13,858 | €7,771 | -€6,087 | -43.9% |
| Financial charges | 65/66B | €0 | €219,263 | +€219,263 | |
| Recurring financial charges | 65 | €0 | €121,998 | +€121,998 | |
| Non-recurring financial charges | 66B | - | €97,265 | +€97,265 | |
| Profit (loss) for the period before taxes | 9903 | €177,972 | -€106,864 | -€284,836 | |
| Income taxes | 67/77 | €28,209 | €3,534 | -€24,675 | -87.5% |
| Profit (loss) for the period | 9904 | €149,764 | -€110,398 | -€260,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,764 | -€110,398 | -€260,161 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.