GRIFFIN: what changed
Two fiscal 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.
GRIFFIN
Largest movements
- Cash -€36,294
down €36,294 (-78.3%), from €46,368 to €10,074
mainly Receivables within one year (-€27,512) and Investment in fixed assets (net) (-€6,969)
- Receivables within one year +€27,512
up €27,512 (+145.1%), from €18,958 to €46,470
of which Other amounts receivable: +€14,065
- Tangible fixed assets +€6,590
new in 2025: €6,590
of which Other tangible fixed assets: +€4,337
- Trade debts -€5,157
down €5,157 (-59.4%), from €8,679 to €3,522
- Profit (loss) carried forward +€4,739
up €4,739 (+31.7%), from €14,969 to €19,709
- Other debts -€3,698
down €3,698 (-100.0%), from €3,698 to €0
- Tax, wage and social debts +€1,923
up €1,923 (+6.8%), from €28,081 to €30,004
of which Remuneration and social security: +€3,809
- Gross operating margin -€14,608
down €14,608 (-56.7%), from €25,758 to €11,150
- Taxes -€3,456
down €3,456 (-37.5%), from €9,222 to €5,766
- Other operating charges -€733
down €733 (-53.7%), from €1,367 to €633
- Financial income +€649
up €649 (+12989.0%), from €5 to €654
- Depreciation +€379
new in 2025: €379
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.
Cash bridge derived
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 | €65,427 | €63,235 | -€2,192 | -3.4% |
| Fixed assets | 21/28 | €100 | €6,690 | +€6,590 | +6590.2% |
| Tangible fixed assets | 22/27 | - | €6,590 | +€6,590 | |
| Furniture and vehicles | 24 | - | €2,253 | +€2,253 | |
| Other tangible fixed assets | 26 | - | €4,337 | +€4,337 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €65,327 | €56,544 | -€8,782 | -13.4% |
| Amounts receivable within one year | 40/41 | €18,958 | €46,470 | +€27,512 | +145.1% |
| Trade receivables | 40 | €16,803 | €30,250 | +€13,447 | +80.0% |
| Other amounts receivable | 41 | €2,156 | €16,220 | +€14,065 | +652.5% |
| Cash at bank and in hand | 54/58 | €46,368 | €10,074 | -€36,294 | -78.3% |
| Total equity and liabilities | 10/49 | €65,427 | €63,235 | -€2,192 | -3.4% |
| Equity | 10/15 | €24,969 | €29,709 | +€4,739 | +19.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,969 | €19,709 | +€4,739 | +31.7% |
| Amounts payable | 17/49 | €40,457 | €33,526 | -€6,931 | -17.1% |
| Amounts payable within one year | 42/48 | €40,457 | €33,526 | -€6,931 | -17.1% |
| Trade debts | 44 | €8,679 | €3,522 | -€5,157 | -59.4% |
| Suppliers | 440/4 | €8,679 | €3,522 | -€5,157 | -59.4% |
| Taxes, remuneration and social security | 45 | €28,081 | €30,004 | +€1,923 | +6.8% |
| Taxes | 450/3 | €24,308 | €22,423 | -€1,885 | -7.8% |
| Remuneration and social security | 454/9 | €3,773 | €7,581 | +€3,809 | +101.0% |
| Other amounts payable | 47/48 | €3,698 | €0 | -€3,698 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €379 | +€379 | |
| Other operating charges | 640/8 | €1,367 | €633 | -€733 | -53.7% |
| Gross operating margin | 9900 | €25,758 | €11,150 | -€14,608 | -56.7% |
| Operating profit (loss) | 9901 | €24,391 | €10,137 | -€14,254 | -58.4% |
| Financial income | 75/76B | €5 | €654 | +€649 | +12989.0% |
| Recurring financial income | 75 | €5 | €654 | +€649 | +12989.0% |
| Financial charges | 65/66B | €205 | €287 | +€82 | +39.9% |
| Recurring financial charges | 65 | €205 | €287 | +€82 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €24,191 | €10,505 | -€13,686 | -56.6% |
| Income taxes | 67/77 | €9,222 | €5,766 | -€3,456 | -37.5% |
| Profit (loss) for the period | 9904 | €14,969 | €4,739 | -€10,230 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,969 | €4,739 | -€10,230 | -68.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.