GRINDSERVICE: 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.
GRINDSERVICE
Largest movements
- Cash +€19,630
up €19,630 (+45.5%), from €43,160 to €62,790
mainly Other debts (+€89,555) and Net result for the year (+€30,380)
- Stocks and contracts +€5,726
up €5,726 (+6.6%), from €87,356 to €93,081
- Receivables within one year -€4,566
down €4,566 (-11.7%), from €39,050 to €34,484
of which Other amounts receivable: -€4,210
- Deferred charges and accrued income +€2,948
up €2,948 (+575%), from €513 to €3,461
- Other debts +€89,555
up €89,555 (+162%), from €55,119 to €144,674
- Reserves -€72,099
down €72,099 (-97.6%), from €73,868 to €1,769
of which Distributable reserves: -€67,929
- Tax, wage and social debts +€5,023
up €5,023 (+81.9%), from €6,131 to €11,154
- Trade debts +€3,036
up €3,036 (+24.5%), from €12,372 to €15,408
- Gross operating margin +€16,896
up €16,896 (+53.1%), from €31,803 to €48,698
- Taxes +€5,866
up €5,866 (+101%), from €5,813 to €11,679
- Financial charges -€586
down €586 (-9.8%), from €5,958 to €5,371
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,545 | €198,017 | +€21,472 | +12.2% |
| Fixed assets | 21/28 | €6,466 | €4,200 | -€2,266 | -35.0% |
| Intangible fixed assets | 21 | €342 | - | -€342 | |
| Tangible fixed assets | 22/27 | €6,125 | €4,200 | -€1,924 | -31.4% |
| Land and buildings | 22 | €1,368 | €1,026 | -€342 | -25.0% |
| Plant, machinery and equipment | 23 | €2,169 | €1,638 | -€531 | -24.5% |
| Furniture and vehicles | 24 | €2,588 | €1,537 | -€1,052 | -40.6% |
| Current assets | 29/58 | €170,079 | €193,817 | +€23,738 | +14.0% |
| Stocks and contracts in progress | 3 | €87,356 | €93,081 | +€5,726 | +6.6% |
| Stocks | 30/36 | €87,356 | €93,081 | +€5,726 | +6.6% |
| Amounts receivable within one year | 40/41 | €39,050 | €34,484 | -€4,566 | -11.7% |
| Trade receivables | 40 | €33,107 | €32,752 | -€355 | -1.1% |
| Other amounts receivable | 41 | €5,943 | €1,733 | -€4,210 | -70.8% |
| Cash at bank and in hand | 54/58 | €43,160 | €62,790 | +€19,630 | +45.5% |
| Deferred charges and accrued income | 490/1 | €513 | €3,461 | +€2,948 | +575% |
| Total equity and liabilities | 10/49 | €176,545 | €198,017 | +€21,472 | +12.2% |
| Equity | 10/15 | €95,304 | €22,255 | -€73,049 | -76.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €73,868 | €1,769 | -€72,099 | -97.6% |
| Tax-exempt reserves | 132 | €5,940 | €1,769 | -€4,171 | -70.2% |
| Distributable reserves | 133 | €67,929 | - | -€67,929 | |
| Profit (loss) carried forward | 14 | €976 | €26 | -€949 | -97.3% |
| Provisions and deferred taxes | 16 | €1,980 | €590 | -€1,390 | -70.2% |
| Deferred taxes | 168 | €1,980 | €590 | -€1,390 | -70.2% |
| Amounts payable | 17/49 | €79,262 | €175,173 | +€95,911 | +121% |
| Amounts payable within one year | 42/48 | €74,951 | €171,236 | +€96,285 | +128% |
| Trade debts | 44 | €12,372 | €15,408 | +€3,036 | +24.5% |
| Suppliers | 440/4 | €12,372 | €15,408 | +€3,036 | +24.5% |
| Advances received on contracts in progress | 46 | €1,328 | - | -€1,328 | |
| Taxes, remuneration and social security | 45 | €6,131 | €11,154 | +€5,023 | +81.9% |
| Taxes | 450/3 | €6,131 | €11,154 | +€5,023 | +81.9% |
| Other amounts payable | 47/48 | €55,119 | €144,674 | +€89,555 | +162% |
| Accrued charges and deferred income | 492/3 | €4,311 | €3,937 | -€374 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,984 | €2,266 | +€282 | +14.2% |
| Other operating charges | 640/8 | €735 | €802 | +€67 | +9.1% |
| Gross operating margin | 9900 | €31,803 | €48,698 | +€16,896 | +53.1% |
| Operating profit (loss) | 9901 | €29,084 | €45,631 | +€16,547 | +56.9% |
| Financial income | 75/76B | €341 | €410 | +€69 | +20.1% |
| Recurring financial income | 75 | €341 | €410 | +€69 | +20.1% |
| Financial charges | 65/66B | €5,958 | €5,371 | -€586 | -9.8% |
| Recurring financial charges | 65 | €5,958 | €5,371 | -€586 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €23,467 | €40,669 | +€17,202 | +73.3% |
| Transfer from deferred taxes | 780 | €116 | €1,390 | +€1,274 | +1,098% |
| Income taxes | 67/77 | €5,813 | €11,679 | +€5,866 | +101% |
| Profit (loss) for the period | 9904 | €17,770 | €30,380 | +€12,610 | +71.0% |
| Transfer from tax-exempt reserves | 789 | €348 | €4,171 | +€3,823 | +1,098% |
| Profit (loss) for the period to be appropriated | 9905 | €18,118 | €34,551 | +€16,433 | +90.7% |
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 19 October 2026 via checked.be.