GRIND AWAY: 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.
GRIND AWAY
Largest movements
- Tangible fixed assets +€35,249
up €35,249 (+542.0%), from €6,503 to €41,752
of which Other tangible fixed assets: +€22,498
- Cash +€19,374
up €19,374 (+35.1%), from €55,236 to €74,610
mainly Net result for the year (+€39,617) and Tax, wage and social debts (+€16,469)
- Receivables within one year -€7,405
down €7,405 (-87.6%), from €8,451 to €1,046
of which Trade receivables: -€4,061
- Financial fixed assets +€4,000
new in 2025: €4,000
- Deferred charges and accrued income +€2,347
up €2,347 (+1313.2%), from €179 to €2,526
- Profit (loss) carried forward +€39,617
up €39,617 (+149.0%), from €26,588 to €66,205
- Tax, wage and social debts +€16,469
up €16,469 (+81.9%), from €20,100 to €36,569
of which Remuneration and social security: +€14,556
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year +€5,483
up €5,483 (+54.8%), from €10,000 to €15,483
- Trade debts +€3,287
up €3,287 (+278.4%), from €1,181 to €4,468
- Staff costs +€61,953
new in 2025: €61,953
- Gross operating margin +€57,179
up €57,179 (+92.6%), from €61,769 to €118,948
- Taxes -€15,480
down €15,480 (-62.7%), from €24,690 to €9,210
- Depreciation +€6,137
up €6,137 (+2970.0%), from €207 to €6,343
- Financial charges +€1,781
up €1,781 (+1343.7%), from €133 to €1,914
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 | €70,369 | €126,134 | +€55,765 | +79.2% |
| Fixed assets | 21/28 | €6,503 | €45,752 | +€39,249 | +603.5% |
| Tangible fixed assets | 22/27 | €6,503 | €41,752 | +€35,249 | +542.0% |
| Furniture and vehicles | 24 | €6,503 | €19,254 | +€12,750 | +196.1% |
| Other tangible fixed assets | 26 | - | €22,498 | +€22,498 | |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €63,866 | €80,382 | +€16,516 | +25.9% |
| Stocks and contracts in progress | 3 | - | €2,200 | +€2,200 | |
| Stocks | 30/36 | - | €2,200 | +€2,200 | |
| Amounts receivable within one year | 40/41 | €8,451 | €1,046 | -€7,405 | -87.6% |
| Trade receivables | 40 | €5,107 | €1,046 | -€4,061 | -79.5% |
| Other amounts receivable | 41 | €3,344 | - | -€3,344 | |
| Cash at bank and in hand | 54/58 | €55,236 | €74,610 | +€19,374 | +35.1% |
| Deferred charges and accrued income | 490/1 | €179 | €2,526 | +€2,347 | +1313.2% |
| Total equity and liabilities | 10/49 | €70,369 | €126,134 | +€55,765 | +79.2% |
| Equity | 10/15 | €29,088 | €68,705 | +€39,617 | +136.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,588 | €66,205 | +€39,617 | +149.0% |
| Amounts payable | 17/49 | €41,281 | €57,429 | +€16,148 | +39.1% |
| Amounts payable after more than one year | 17 | €10,000 | €15,483 | +€5,483 | +54.8% |
| Other amounts payable | 178/9 | €10,000 | €15,483 | +€5,483 | +54.8% |
| Amounts payable within one year | 42/48 | €31,281 | €41,037 | +€9,756 | +31.2% |
| Trade debts | 44 | €1,181 | €4,468 | +€3,287 | +278.4% |
| Suppliers | 440/4 | €1,181 | €4,468 | +€3,287 | +278.4% |
| Taxes, remuneration and social security | 45 | €20,100 | €36,569 | +€16,469 | +81.9% |
| Taxes | 450/3 | €20,100 | €22,013 | +€1,913 | +9.5% |
| Remuneration and social security | 454/9 | - | €14,556 | +€14,556 | |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €909 | +€909 | |
| Remuneration, social security and pensions | 62 | - | €61,953 | +€61,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €6,343 | +€6,137 | +2970.0% |
| Other operating charges | 640/8 | €334 | - | -€334 | |
| Gross operating margin | 9900 | €61,769 | €118,948 | +€57,179 | +92.6% |
| Operating profit (loss) | 9901 | €61,228 | €50,652 | -€10,576 | -17.3% |
| Financial income | 75/76B | €183 | €89 | -€94 | -51.2% |
| Recurring financial income | 75 | €183 | €89 | -€94 | -51.2% |
| Financial charges | 65/66B | €133 | €1,914 | +€1,781 | +1343.7% |
| Recurring financial charges | 65 | €133 | €1,914 | +€1,781 | +1343.7% |
| Profit (loss) for the period before taxes | 9903 | €61,278 | €48,828 | -€12,451 | -20.3% |
| Income taxes | 67/77 | €24,690 | €9,210 | -€15,480 | -62.7% |
| Profit (loss) for the period | 9904 | €36,588 | €39,617 | +€3,029 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,588 | €39,617 | +€3,029 | +8.3% |
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 8 October 2026 via checked.be.