GRIND24: 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.
GRIND24
Largest movements
- Receivables within one year +€28,828
up €28,828 (+49.5%), from €58,205 to €87,033
of which Trade receivables: +€19,781
- Cash -€8,306
down €8,306 (-19.6%), from €42,444 to €34,138
mainly Receivables within one year (-€28,828) and Deferred charges and accrued income (-€39)
- Tangible fixed assets -€1,547
down €1,547 (-61.2%), from €2,528 to €981
- Profit (loss) carried forward +€13,804
up €13,804 (+16.1%), from €85,783 to €99,587
- Trade debts +€4,729
up €4,729 (+252.5%), from €1,873 to €6,603
- Taxes +€1,399
up €1,399 (+20.2%), from €6,943 to €8,342
- Gross operating margin -€342
down €342 (-1.4%), from €24,508 to €24,166
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 | €104,478 | €123,357 | +€18,879 | +18.1% |
| Fixed assets | 21/28 | €2,528 | €981 | -€1,547 | -61.2% |
| Tangible fixed assets | 22/27 | €2,528 | €981 | -€1,547 | -61.2% |
| Plant, machinery and equipment | 23 | €2,528 | €981 | -€1,547 | -61.2% |
| Current assets | 29/58 | €101,950 | €122,377 | +€20,427 | +20.0% |
| Stocks and contracts in progress | 3 | €869 | €734 | -€135 | -15.5% |
| Stocks | 30/36 | €869 | €734 | -€135 | -15.5% |
| Amounts receivable within one year | 40/41 | €58,205 | €87,033 | +€28,828 | +49.5% |
| Trade receivables | 40 | - | €19,781 | +€19,781 | |
| Other amounts receivable | 41 | €58,205 | €67,252 | +€9,047 | +15.5% |
| Cash at bank and in hand | 54/58 | €42,444 | €34,138 | -€8,306 | -19.6% |
| Deferred charges and accrued income | 490/1 | €432 | €471 | +€39 | +9.1% |
| Total equity and liabilities | 10/49 | €104,478 | €123,357 | +€18,879 | +18.1% |
| Equity | 10/15 | €99,548 | €113,351 | +€13,804 | +13.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,264 | €11,264 | = | 0.0% |
| Distributable reserves | 133 | €11,264 | €11,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,783 | €99,587 | +€13,804 | +16.1% |
| Amounts payable | 17/49 | €4,930 | €10,006 | +€5,076 | +103.0% |
| Amounts payable within one year | 42/48 | €4,930 | €10,006 | +€5,076 | +103.0% |
| Current portion of amounts payable after more than one year | 42 | €2,705 | €2,709 | +€4 | +0.1% |
| Trade debts | 44 | €1,873 | €6,603 | +€4,729 | +252.5% |
| Suppliers | 440/4 | €1,873 | €6,603 | +€4,729 | +252.5% |
| Taxes, remuneration and social security | 45 | €352 | €694 | +€342 | +97.4% |
| Taxes | 450/3 | €352 | €694 | +€342 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,547 | €1,547 | = | 0.0% |
| Other operating charges | 640/8 | €158 | €212 | +€54 | +34.2% |
| Gross operating margin | 9900 | €24,508 | €24,166 | -€342 | -1.4% |
| Operating profit (loss) | 9901 | €22,802 | €22,407 | -€396 | -1.7% |
| Financial charges | 65/66B | €324 | €261 | -€63 | -19.6% |
| Recurring financial charges | 65 | €324 | €261 | -€63 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €22,478 | €22,146 | -€332 | -1.5% |
| Income taxes | 67/77 | €6,943 | €8,342 | +€1,399 | +20.2% |
| Profit (loss) for the period | 9904 | €15,535 | €13,804 | -€1,731 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,535 | €13,804 | -€1,731 | -11.1% |
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 12 October 2026 via checked.be.