GRiNT: 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.
GRiNT
Largest movements
- Cash +€12,463
up €12,463 (+143.7%), from €8,673 to €21,136
mainly Net result for the year (+€12,438) and Stocks and contracts (+€11,108)
- Stocks and contracts -€11,108
down €11,108 (-51.6%), from €21,518 to €10,410
of which Contracts in progress: -€11,934
- Receivables within one year -€6,423
down €6,423 (-42.1%), from €15,271 to €8,848
of which Trade receivables: -€7,536
- Tangible fixed assets +€3,556
up €3,556 (+24.2%), from €14,672 to €18,228
of which Plant, machinery and equipment: +€17,691
- Other debts -€9,547
down €9,547 (-29.7%), from €32,174 to €22,627
- Trade debts -€9,099
down €9,099 (-59.1%), from €15,406 to €6,307
- Profit (loss) carried forward +€9,083
no longer reported in 2025 (was -€9,083)
- Tax, wage and social debts +€4,696
up €4,696 (+1910.9%), from €246 to €4,942
of which Remuneration and social security: +€3,742
- Reserves +€3,355
up €3,355 (+241.0%), from €1,392 to €4,747
of which Distributable reserves: +€3,355
- Gross operating margin +€21,641
up €21,641 (+344.1%), from €6,288 to €27,930
- Depreciation +€3,249
up €3,249 (+72.4%), from €4,485 to €7,734
- Other operating charges -€1,382
down €1,382 (-59.0%), from €2,343 to €961
- Taxes +€670
new in 2025: €670
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 | €60,134 | €58,623 | -€1,512 | -2.5% |
| Fixed assets | 21/28 | €14,672 | €18,228 | +€3,556 | +24.2% |
| Tangible fixed assets | 22/27 | €14,672 | €18,228 | +€3,556 | +24.2% |
| Land and buildings | 22 | €12,854 | - | -€12,854 | |
| Plant, machinery and equipment | 23 | €537 | €18,228 | +€17,691 | +3296.2% |
| Furniture and vehicles | 24 | €1,281 | - | -€1,281 | |
| Current assets | 29/58 | €45,462 | €40,395 | -€5,068 | -11.1% |
| Stocks and contracts in progress | 3 | €21,518 | €10,410 | -€11,108 | -51.6% |
| Stocks | 30/36 | €2,498 | €3,324 | +€826 | +33.1% |
| Contracts in progress | 37 | €19,020 | €7,086 | -€11,934 | -62.7% |
| Amounts receivable within one year | 40/41 | €15,271 | €8,848 | -€6,423 | -42.1% |
| Trade receivables | 40 | €14,841 | €7,305 | -€7,536 | -50.8% |
| Other amounts receivable | 41 | €430 | €1,543 | +€1,113 | +258.5% |
| Cash at bank and in hand | 54/58 | €8,673 | €21,136 | +€12,463 | +143.7% |
| Total equity and liabilities | 10/49 | €60,134 | €58,623 | -€1,512 | -2.5% |
| Equity | 10/15 | €12,309 | €24,747 | +€12,438 | +101.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,392 | €4,747 | +€3,355 | +241.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €392 | €3,747 | +€3,355 | +855.9% |
| Profit (loss) carried forward | 14 | -€9,083 | - | +€9,083 | |
| Amounts payable | 17/49 | €47,825 | €33,876 | -€13,950 | -29.2% |
| Amounts payable within one year | 42/48 | €47,825 | €33,876 | -€13,950 | -29.2% |
| Trade debts | 44 | €15,406 | €6,307 | -€9,099 | -59.1% |
| Suppliers | 440/4 | €15,406 | €6,307 | -€9,099 | -59.1% |
| Taxes, remuneration and social security | 45 | €246 | €4,942 | +€4,696 | +1910.9% |
| Taxes | 450/3 | €246 | €1,200 | +€955 | +388.4% |
| Remuneration and social security | 454/9 | - | €3,742 | +€3,742 | |
| Other amounts payable | 47/48 | €32,174 | €22,627 | -€9,547 | -29.7% |
| Non-recurring operating income | 76A | - | €6,599 | +€6,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,485 | €7,734 | +€3,249 | +72.4% |
| Other operating charges | 640/8 | €2,343 | €961 | -€1,382 | -59.0% |
| Non-recurring operating charges | 66A | - | €6,427 | +€6,427 | |
| Gross operating margin | 9900 | €6,288 | €27,930 | +€21,641 | +344.1% |
| Operating profit (loss) | 9901 | -€540 | €12,807 | +€13,347 | |
| Financial income | 75/76B | €363 | €506 | +€144 | +39.6% |
| Recurring financial income | 75 | €363 | €506 | +€144 | +39.6% |
| Financial charges | 65/66B | €413 | €206 | -€206 | -50.1% |
| Recurring financial charges | 65 | €413 | €206 | -€206 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | -€590 | €13,108 | +€13,697 | |
| Income taxes | 67/77 | - | €670 | +€670 | |
| Profit (loss) for the period | 9904 | -€590 | €12,438 | +€13,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€590 | €12,438 | +€13,028 |
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 10 October 2026 via checked.be.