Grinst: 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.
Grinst
Largest movements
- Tangible fixed assets -€50,152
down €50,152 (-79.1%), from €63,373 to €13,221
of which Leasing and similar rights: -€45,877
- Cash -€28,697
down €28,697 (-46.1%), from €62,272 to €33,576
mainly Other debts (-€41,824) and Debts after one year (-€24,050)
- Receivables within one year +€7,903
up €7,903 (+283%), from €2,796 to €10,699
of which Trade receivables: +€7,331
- Other debts -€41,824
down €41,824 (-94.6%), from €44,213 to €2,389
- Debts after one year -€24,050
down €24,050 (-100%), from €24,050 to €0
- Reserves +€11,708
new in 2025: €11,708
- Current portion of long-term debt -€9,955
down €9,955 (-29.3%), from €34,005 to €24,050
- Trade debts -€4,414
down €4,414 (-27.2%), from €16,243 to €11,829
- Financial charges -€1,145
down €1,145 (-65.3%), from €1,755 to €610
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 | €137,087 | €67,120 | -€69,967 | -51.0% |
| Fixed assets | 21/28 | €63,373 | €13,221 | -€50,152 | -79.1% |
| Tangible fixed assets | 22/27 | €63,373 | €13,221 | -€50,152 | -79.1% |
| Plant, machinery and equipment | 23 | €17,496 | €13,221 | -€4,275 | -24.4% |
| Leasing and similar rights | 25 | €45,877 | €0 | -€45,877 | -100% |
| Current assets | 29/58 | €73,714 | €53,898 | -€19,815 | -26.9% |
| Amounts receivable within one year | 40/41 | €2,796 | €10,699 | +€7,903 | +283% |
| Trade receivables | 40 | €1,560 | €8,891 | +€7,331 | +470% |
| Other amounts receivable | 41 | €1,236 | €1,808 | +€572 | +46.3% |
| Cash at bank and in hand | 54/58 | €62,272 | €33,576 | -€28,697 | -46.1% |
| Deferred charges and accrued income | 490/1 | €8,646 | €9,624 | +€979 | +11.3% |
| Total equity and liabilities | 10/49 | €137,087 | €67,120 | -€69,967 | -51.0% |
| Equity | 10/15 | €12,843 | €24,551 | +€11,708 | +91.2% |
| Contributions | 10/11 | €12,843 | €12,843 | = | 0.0% |
| Reserves | 13 | - | €11,708 | +€11,708 | |
| Distributable reserves | 133 | - | €11,708 | +€11,708 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €124,243 | €42,568 | -€81,675 | -65.7% |
| Amounts payable after more than one year | 17 | €24,050 | €0 | -€24,050 | -100% |
| Financial debts | 170/4 | €24,050 | €0 | -€24,050 | -100% |
| Amounts payable within one year | 42/48 | €98,496 | €42,568 | -€55,927 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €34,005 | €24,050 | -€9,955 | -29.3% |
| Trade debts | 44 | €16,243 | €11,829 | -€4,414 | -27.2% |
| Suppliers | 440/4 | €16,243 | €11,829 | -€4,414 | -27.2% |
| Taxes, remuneration and social security | 45 | €4,035 | €4,300 | +€265 | +6.6% |
| Taxes | 450/3 | €4,035 | €4,300 | +€265 | +6.6% |
| Other amounts payable | 47/48 | €44,213 | €2,389 | -€41,824 | -94.6% |
| Accrued charges and deferred income | 492/3 | €1,697 | €0 | -€1,697 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,152 | €50,152 | -€0 | 0.0% |
| Other operating charges | 640/8 | €528 | €899 | +€371 | +70.2% |
| Gross operating margin | 9900 | €67,167 | €67,668 | +€501 | +0.7% |
| Operating profit (loss) | 9901 | €16,487 | €16,618 | +€131 | +0.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,755 | €610 | -€1,145 | -65.3% |
| Recurring financial charges | 65 | €1,755 | €610 | -€1,145 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €14,732 | €16,008 | +€1,276 | +8.7% |
| Income taxes | 67/77 | €4,014 | €4,300 | +€285 | +7.1% |
| Profit (loss) for the period | 9904 | €10,717 | €11,708 | +€991 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,717 | €11,708 | +€991 | +9.2% |
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 16 October 2026 via checked.be.