Graphius Group: 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
Graphius Group
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €6.1m-€3.6m
Equity
€24.8m
2024 · €22.3m+€2.6m
Cash
€32,900
2024 · €13,441+€19,459
Balance sheet total
€44.7m
2024 · €45.1m-€373,965
Largest movements
Assets
- Financial fixed assets +€2.7m
up €2.7m (+7.4%), from €36.0m to €38.7m
- Receivables within one year -€1.7m
down €1.7m (-22.0%), from €7.6m to €5.9m
of which Other amounts receivable: -€1.9m
- Receivables after one year -€1.4m
down €1.4m (-100%), from €1.4m to €0
Equity and liabilities
- Reserves +€5.2m
up €5.2m (+35.9%), from €14.6m to €19.8m
- Debts after one year -€3.8m
down €3.8m (-40.7%), from €9.3m to €5.5m
of which Other amounts payable: -€2.4m
- Profit (loss) carried forward -€2.7m
down €2.7m (-100%), from €2.7m to €0
- Other debts +€1.2m
up €1.2m (+12.0%), from €10.0m to €11.2m
Income statement
- Financial income -€3.6m
down €3.6m (-38.6%), from €9.4m to €5.8m
- Financial charges +€1.4m
up €1.4m (+47.7%), from €2.8m to €4.2m
of which Non-recurring financial charges: +€1.5m
- Turnover +€851,681
up €851,681 (+31.1%), from €2.7m to €3.6m
- Other operating income +€266,136
up €266,136 (+32.9%), from €807,766 to €1.1m
- Services and other goods +€238,725
up €238,725 (+8.8%), from €2.7m to €3.0m
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.
Result 2024
€6.1m
Turnover
+€851,681
Other operating income
+€266,136
Goods and materials
-€45,000
Services and other goods
-€238,725
Staff costs
-€187,411
Depreciation
-€7,168
Other operating charges
-€566
Other operating items
+€789,458
Financial income
-€3.6m
Financial charges
-€1.4m
Taxes
-€740
Result 2025
€2.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.8m
Investment
-€2.7m
Financing
-€4.1m
Cash 2024
€13,441
From operations (derived)
+€6.8m
Net result for the year
+€2.6m
Depreciation
+€9,374
Receivables after one year
+€1.4m
Receivables within one year
+€1.7m
Deferred charges and accrued income
-€9,004
Trade debts
-€203,012
Tax, wage and social debts
+€121,797
Other debts
+€1.2m
Accrued charges and deferred income
+€11,497
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
-€4.1m
Debts after one year
-€3.8m
Current portion of long-term debt
-€292,204
Cash 2025
€32,900
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,119,401 | €44,745,436 | -€373,965 | -0.8% |
| Fixed assets | 21/28 | €36,020,634 | €38,726,643 | +€2.7m | +7.5% |
| Intangible fixed assets | 21 | €1,408 | €31,313 | +€29,905 | +2,124% |
| Tangible fixed assets | 22/27 | €10,535 | €21,343 | +€10,808 | +103% |
| Plant, machinery and equipment | 23 | €8,507 | €7,557 | -€950 | -11.2% |
| Furniture and vehicles | 24 | €2,028 | €13,786 | +€11,758 | +580% |
| Financial fixed assets | 28 | €36,008,691 | €38,673,988 | +€2.7m | +7.4% |
| Affiliated companies | 280/1 | €36,008,691 | €38,673,988 | +€2.7m | +7.4% |
| Participating interests | 280 | €36,008,691 | €38,673,988 | +€2.7m | +7.4% |
| Current assets | 29/58 | €9,098,767 | €6,018,793 | -€3.1m | -33.9% |
| Amounts receivable after more than one year | 29 | €1,444,301 | €0 | -€1.4m | -100% |
| Other amounts receivable | 291 | €1,444,301 | €0 | -€1.4m | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,552,358 | €5,888,221 | -€1.7m | -22.0% |
| Trade receivables | 40 | €1,142,421 | €1,423,932 | +€281,511 | +24.6% |
| Other amounts receivable | 41 | €6,409,937 | €4,464,289 | -€1.9m | -30.4% |
| Cash at bank and in hand | 54/58 | €13,441 | €32,900 | +€19,459 | +145% |
| Deferred charges and accrued income | 490/1 | €88,668 | €97,672 | +€9,004 | +10.2% |
| Total equity and liabilities | 10/49 | €45,119,401 | €44,745,436 | -€373,965 | -0.8% |
| Equity | 10/15 | €22,278,442 | €24,835,922 | +€2.6m | +11.5% |
| Contributions | 10/11 | €5,038,000 | €5,038,000 | = | 0.0% |
| Reserves | 13 | €14,565,021 | €19,797,922 | +€5.2m | +35.9% |
| Distributable reserves | 133 | €14,565,021 | €19,797,922 | +€5.2m | +35.9% |
| Profit (loss) carried forward | 14 | €2,675,420 | €0 | -€2.7m | -100% |
| Amounts payable | 17/49 | €22,840,960 | €19,909,514 | -€2.9m | -12.8% |
| Amounts payable after more than one year | 17 | €9,256,397 | €5,493,563 | -€3.8m | -40.7% |
| Financial debts | 170/4 | €4,833,327 | €3,493,563 | -€1.3m | -27.7% |
| Credit institutions | 173 | €4,833,327 | €3,493,563 | -€1.3m | -27.7% |
| Other amounts payable | 178/9 | €4,423,071 | €2,000,000 | -€2.4m | -54.8% |
| Amounts payable within one year | 42/48 | €13,584,562 | €14,404,455 | +€819,892 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €1,893,843 | €1,601,639 | -€292,204 | -15.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,408,772 | €1,205,760 | -€203,012 | -14.4% |
| Suppliers | 440/4 | €1,408,772 | €1,205,760 | -€203,012 | -14.4% |
| Taxes, remuneration and social security | 45 | €304,972 | €426,769 | +€121,797 | +39.9% |
| Taxes | 450/3 | €162,228 | €268,220 | +€105,992 | +65.3% |
| Remuneration and social security | 454/9 | €142,744 | €158,549 | +€15,805 | +11.1% |
| Other amounts payable | 47/48 | €9,976,975 | €11,170,286 | +€1.2m | +12.0% |
| Accrued charges and deferred income | 492/3 | €0 | €11,497 | +€11,497 | |
| Operating income | 70/76A | €3,543,823 | €4,907,265 | +€1.4m | +38.5% |
| Turnover | 70 | €2,736,057 | €3,587,738 | +€851,681 | +31.1% |
| Other operating income | 74 | €807,766 | €1,073,902 | +€266,136 | +32.9% |
| Non-recurring operating income | 76A | - | €245,624 | +€245,624 | |
| Operating charges | 60/66A | €4,006,858 | €3,941,895 | -€64,962 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | - | €45,000 | +€45,000 | |
| Purchases | 600/8 | - | €45,000 | +€45,000 | |
| Services and other goods | 61 | €2,714,489 | €2,953,214 | +€238,725 | +8.8% |
| Remuneration, social security and pensions | 62 | €661,051 | €848,462 | +€187,411 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €9,374 | +€7,168 | +325% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,370 | €2,936 | +€566 | +23.9% |
| Non-recurring operating charges | 66A | €626,742 | €82,909 | -€543,833 | -86.8% |
| Operating profit (loss) | 9901 | -€463,035 | €965,369 | +€1.4m | |
| Financial income | 75/76B | €9,421,430 | €5,785,511 | -€3.6m | -38.6% |
| Recurring financial income | 75 | €9,421,430 | €5,785,511 | -€3.6m | -38.6% |
| Income from financial fixed assets | 750 | €9,279,334 | €5,648,162 | -€3.6m | -39.1% |
| Income from current assets | 751 | €132,651 | €134,832 | +€2,182 | +1.6% |
| Other financial income | 752/9 | €9,445 | €2,517 | -€6,928 | -73.4% |
| Financial charges | 65/66B | €2,837,478 | €4,191,765 | +€1.4m | +47.7% |
| Recurring financial charges | 65 | €674,091 | €550,054 | -€124,038 | -18.4% |
| Debt charges | 650 | €667,691 | €536,038 | -€131,654 | -19.7% |
| Other financial charges | 652/9 | €6,400 | €14,016 | +€7,616 | +119% |
| Non-recurring financial charges | 66B | €2,163,387 | €3,641,711 | +€1.5m | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €6,120,917 | €2,559,116 | -€3.6m | -58.2% |
| Income taxes | 67/77 | €895 | €1,636 | +€740 | +82.7% |
| Taxes | 670/3 | €1,500 | €1,700 | +€200 | +13.3% |
| Tax adjustments and reversals of tax provisions | 77 | €605 | €64 | -€540 | -89.3% |
| Profit (loss) for the period | 9904 | €6,120,021 | €2,557,480 | -€3.6m | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,120,021 | €2,557,480 | -€3.6m | -58.2% |
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 24 October 2026 via checked.be.