GrindoSonic: 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.
GrindoSonic
Largest movements
- Intangible fixed assets +€381,523
up €381,523 (+30.9%), from €1.2m to €1.6m
- Stocks and contracts -€137,210
down €137,210 (-18.3%), from €748,904 to €611,694
- Receivables within one year +€124,890
up €124,890 (+41.0%), from €304,614 to €429,504
of which Other amounts receivable: +€117,876
- Tangible fixed assets -€49,313
down €49,313 (-74.8%), from €65,966 to €16,654
of which Furniture and vehicles: -€47,493
- Current portion of long-term debt +€203,924
up €203,924 (+103.9%), from €196,271 to €400,195
- Tax, wage and social debts -€114,728
down €114,728 (-69.8%), from €164,390 to €49,662
of which Remuneration and social security: -€101,582
- Trade debts +€109,077
up €109,077 (+66.7%), from €163,586 to €272,663
- Profit (loss) carried forward +€93,124
up €93,124 (+5.3%), from -€1.7m to -€1.7m
- Short-term financial debts -€78,417
down €78,417 (-16.8%), from €466,417 to €388,000
- Staff costs -€418,002
down €418,002 (-39.4%), from €1.1m to €642,594
- Gross operating margin +€411,978
up €411,978 (+55.3%), from €745,570 to €1.2m
- Depreciation +€93,951
up €93,951 (+24.0%), from €390,725 to €484,676
- Financial income +€23,307
up €23,307 (+17.8%), from €130,765 to €154,071
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 | €4,089,004 | €4,409,651 | +€320,647 | +7.8% |
| Fixed assets | 21/28 | €2,819,026 | €3,146,469 | +€327,443 | +11.6% |
| Intangible fixed assets | 21 | €1,233,497 | €1,615,020 | +€381,523 | +30.9% |
| Tangible fixed assets | 22/27 | €65,966 | €16,654 | -€49,313 | -74.8% |
| Plant, machinery and equipment | 23 | €4,501 | €2,682 | -€1,819 | -40.4% |
| Furniture and vehicles | 24 | €61,465 | €13,972 | -€47,493 | -77.3% |
| Financial fixed assets | 28 | €1,519,562 | €1,514,795 | -€4,768 | -0.3% |
| Current assets | 29/58 | €1,269,978 | €1,263,183 | -€6,796 | -0.5% |
| Amounts receivable after more than one year | 29 | €78,831 | €99,178 | +€20,347 | +25.8% |
| Other amounts receivable | 291 | €78,831 | €99,178 | +€20,347 | +25.8% |
| Stocks and contracts in progress | 3 | €748,904 | €611,694 | -€137,210 | -18.3% |
| Stocks | 30/36 | €748,904 | €611,694 | -€137,210 | -18.3% |
| Amounts receivable within one year | 40/41 | €304,614 | €429,504 | +€124,890 | +41.0% |
| Trade receivables | 40 | €240,870 | €247,884 | +€7,014 | +2.9% |
| Other amounts receivable | 41 | €63,744 | €181,621 | +€117,876 | +184.9% |
| Cash at bank and in hand | 54/58 | €88,627 | €91,867 | +€3,240 | +3.7% |
| Deferred charges and accrued income | 490/1 | €49,002 | €30,940 | -€18,063 | -36.9% |
| Total equity and liabilities | 10/49 | €4,089,004 | €4,409,651 | +€320,647 | +7.8% |
| Equity | 10/15 | €1,986,048 | €2,143,625 | +€157,577 | +7.9% |
| Contributions | 10/11 | €3,368,601 | €3,368,601 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,745,794 | -€1,652,671 | +€93,124 | +5.3% |
| Investment grants | 15 | €361,386 | €425,840 | +€64,453 | +17.8% |
| Amounts payable | 17/49 | €2,102,956 | €2,266,026 | +€163,070 | +7.8% |
| Amounts payable after more than one year | 17 | €851,582 | €926,266 | +€74,684 | +8.8% |
| Financial debts | 170/4 | €851,582 | €536,266 | -€315,316 | -37.0% |
| Other amounts payable | 178/9 | - | €390,000 | +€390,000 | |
| Amounts payable within one year | 42/48 | €1,043,642 | €1,113,498 | +€69,855 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €196,271 | €400,195 | +€203,924 | +103.9% |
| Financial debts | 43 | €466,417 | €388,000 | -€78,417 | -16.8% |
| Credit institutions | 430/8 | €466,417 | €388,000 | -€78,417 | -16.8% |
| Trade debts | 44 | €163,586 | €272,663 | +€109,077 | +66.7% |
| Suppliers | 440/4 | €163,586 | €272,663 | +€109,077 | +66.7% |
| Taxes, remuneration and social security | 45 | €164,390 | €49,662 | -€114,728 | -69.8% |
| Taxes | 450/3 | €21,444 | €8,298 | -€13,146 | -61.3% |
| Remuneration and social security | 454/9 | €142,946 | €41,364 | -€101,582 | -71.1% |
| Other amounts payable | 47/48 | €52,978 | €2,978 | -€50,000 | -94.4% |
| Accrued charges and deferred income | 492/3 | €207,731 | €226,263 | +€18,531 | +8.9% |
| Non-recurring operating income | 76A | €0 | €24,500 | +€24,500 | |
| Remuneration, social security and pensions | 62 | €1,060,596 | €642,594 | -€418,002 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390,725 | €484,676 | +€93,951 | +24.0% |
| Other operating charges | 640/8 | €4,422 | €2,977 | -€1,445 | -32.7% |
| Non-recurring operating charges | 66A | - | €12,230 | +€12,230 | |
| Gross operating margin | 9900 | €745,570 | €1,157,548 | +€411,978 | +55.3% |
| Operating profit (loss) | 9901 | -€710,173 | €15,071 | +€725,244 | |
| Financial income | 75/76B | €130,765 | €154,071 | +€23,307 | +17.8% |
| Recurring financial income | 75 | €130,765 | €154,071 | +€23,307 | +17.8% |
| Financial charges | 65/66B | €96,705 | €97,382 | +€677 | +0.7% |
| Recurring financial charges | 65 | €96,705 | €97,382 | +€677 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€676,114 | €71,760 | +€747,874 | |
| Income taxes | 67/77 | -€23,799 | -€21,364 | +€2,435 | +10.2% |
| Profit (loss) for the period | 9904 | -€652,315 | €93,124 | +€745,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€652,315 | €93,124 | +€745,438 |
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.