Grinsights: 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.
Grinsights
Largest movements
- Cash -€122,130
down €122,130 (-58.5%), from €208,873 to €86,743
mainly Other debts (-€155,651) and Trade debts (-€5,668)
- Tangible fixed assets -€7,619
down €7,619 (-19.0%), from €40,043 to €32,424
of which Furniture and vehicles: -€8,191
- Other debts -€155,651
down €155,651 (-99.2%), from €156,834 to €1,183
- Reserves +€34,417
up €34,417 (+48.2%), from €71,421 to €105,838
of which Distributable reserves: +€34,417
- Trade debts -€5,668
down €5,668 (-92.2%), from €6,151 to €483
- Tax, wage and social debts -€5,086
down €5,086 (-39.2%), from €12,969 to €7,883
- Gross operating margin -€20,208
down €20,208 (-26.5%), from €76,194 to €55,986
- Taxes -€4,599
down €4,599 (-30.5%), from €15,073 to €10,474
- Depreciation +€3,018
up €3,018 (+45.6%), from €6,620 to €9,638
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 | €269,086 | €138,118 | -€130,969 | -48.7% |
| Fixed assets | 21/28 | €40,043 | €32,424 | -€7,619 | -19.0% |
| Tangible fixed assets | 22/27 | €40,043 | €32,424 | -€7,619 | -19.0% |
| Land and buildings | 22 | - | €869 | +€869 | |
| Plant, machinery and equipment | 23 | €679 | €382 | -€297 | -43.8% |
| Furniture and vehicles | 24 | €39,364 | €31,173 | -€8,191 | -20.8% |
| Current assets | 29/58 | €229,044 | €105,694 | -€123,350 | -53.9% |
| Amounts receivable within one year | 40/41 | €15,089 | €16,446 | +€1,356 | +9.0% |
| Trade receivables | 40 | €15,089 | €15,420 | +€331 | +2.2% |
| Other amounts receivable | 41 | €0 | €1,026 | +€1,026 | |
| Cash at bank and in hand | 54/58 | €208,873 | €86,743 | -€122,130 | -58.5% |
| Deferred charges and accrued income | 490/1 | €5,081 | €2,506 | -€2,575 | -50.7% |
| Total equity and liabilities | 10/49 | €269,086 | €138,118 | -€130,969 | -48.7% |
| Equity | 10/15 | €89,971 | €124,388 | +€34,417 | +38.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,421 | €105,838 | +€34,417 | +48.2% |
| Tax-exempt reserves | 132 | €11,868 | €11,868 | = | 0.0% |
| Distributable reserves | 133 | €59,554 | €93,971 | +€34,417 | +57.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,115 | €13,729 | -€165,386 | -92.3% |
| Amounts payable within one year | 42/48 | €176,195 | €10,377 | -€165,818 | -94.1% |
| Financial debts | 43 | €241 | €828 | +€587 | +243% |
| Credit institutions | 430/8 | €241 | €828 | +€587 | +243% |
| Trade debts | 44 | €6,151 | €483 | -€5,668 | -92.2% |
| Suppliers | 440/4 | €6,151 | €483 | -€5,668 | -92.2% |
| Taxes, remuneration and social security | 45 | €12,969 | €7,883 | -€5,086 | -39.2% |
| Taxes | 450/3 | €12,969 | €7,883 | -€5,086 | -39.2% |
| Other amounts payable | 47/48 | €156,834 | €1,183 | -€155,651 | -99.2% |
| Accrued charges and deferred income | 492/3 | €2,920 | €3,352 | +€432 | +14.8% |
| Non-recurring operating income | 76A | €12,665 | €0 | -€12,665 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,620 | €9,638 | +€3,018 | +45.6% |
| Other operating charges | 640/8 | €1,059 | €1,238 | +€179 | +16.9% |
| Gross operating margin | 9900 | €76,194 | €55,986 | -€20,208 | -26.5% |
| Operating profit (loss) | 9901 | €68,515 | €45,110 | -€23,405 | -34.2% |
| Financial income | 75/76B | €16 | €5 | -€11 | -69.5% |
| Recurring financial income | 75 | €16 | €5 | -€11 | -69.5% |
| Financial charges | 65/66B | €188 | €224 | +€36 | +19.0% |
| Recurring financial charges | 65 | €188 | €224 | +€36 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €68,344 | €44,892 | -€23,452 | -34.3% |
| Income taxes | 67/77 | €15,073 | €10,474 | -€4,599 | -30.5% |
| Profit (loss) for the period | 9904 | €53,270 | €34,417 | -€18,853 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,270 | €34,417 | -€18,853 | -35.4% |
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 22 October 2026 via checked.be.