GRINTAA: 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.
GRINTAA
Largest movements
- Receivables within one year -€190,552
down €190,552 (-97.9%), from €194,564 to €4,012
of which Trade receivables: -€130,006
- Cash -€30,185
down €30,185 (-42.2%), from €71,554 to €41,369
mainly Other debts (-€120,059) and Net result for the year (-€64,633)
- Tangible fixed assets -€17,464
down €17,464 (-32.1%), from €54,421 to €36,957
- Other debts -€120,059
down €120,059 (-95.7%), from €125,493 to €5,434
- Profit (loss) carried forward -€64,633
new in 2025: -€64,633
- Reserves -€19,662
down €19,662 (-38.9%), from €50,568 to €30,906
- Tax, wage and social debts -€17,112
down €17,112 (-95.8%), from €17,861 to €749
- Debts after one year -€9,525
down €9,525 (-30.3%), from €31,459 to €21,934
- Financial income -€657,661
no longer reported in 2025 (was €657,661)
- Gross operating margin -€123,459
down €123,459, from €81,533 to -€41,926
- Taxes -€13,303
down €13,303 (-98.4%), from €13,526 to €223
- Other operating charges -€2,659
down €2,659 (-66.0%), from €4,030 to €1,371
- Depreciation +€2,245
up €2,245 (+14.8%), from €15,219 to €17,464
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 | €321,496 | €82,953 | -€238,543 | -74.2% |
| Fixed assets | 21/28 | €54,451 | €36,987 | -€17,464 | -32.1% |
| Tangible fixed assets | 22/27 | €54,421 | €36,957 | -€17,464 | -32.1% |
| Furniture and vehicles | 24 | €54,421 | €36,957 | -€17,464 | -32.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €267,045 | €45,966 | -€221,079 | -82.8% |
| Amounts receivable within one year | 40/41 | €194,564 | €4,012 | -€190,552 | -97.9% |
| Trade receivables | 40 | €130,006 | - | -€130,006 | |
| Other amounts receivable | 41 | €64,558 | €4,012 | -€60,546 | -93.8% |
| Cash at bank and in hand | 54/58 | €71,554 | €41,369 | -€30,185 | -42.2% |
| Deferred charges and accrued income | 490/1 | €927 | €585 | -€343 | -36.9% |
| Total equity and liabilities | 10/49 | €321,496 | €82,953 | -€238,543 | -74.2% |
| Equity | 10/15 | €120,568 | €36,273 | -€84,295 | -69.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €50,568 | €30,906 | -€19,662 | -38.9% |
| Distributable reserves | 133 | €50,568 | €30,906 | -€19,662 | -38.9% |
| Profit (loss) carried forward | 14 | - | -€64,633 | -€64,633 | |
| Amounts payable | 17/49 | €200,929 | €46,680 | -€154,249 | -76.8% |
| Amounts payable after more than one year | 17 | €31,459 | €21,934 | -€9,525 | -30.3% |
| Financial debts | 170/4 | €31,459 | €21,934 | -€9,525 | -30.3% |
| Amounts payable within one year | 42/48 | €169,469 | €24,745 | -€144,724 | -85.4% |
| Current portion of amounts payable after more than one year | 42 | €18,591 | €17,711 | -€880 | -4.7% |
| Trade debts | 44 | €7,524 | €852 | -€6,673 | -88.7% |
| Suppliers | 440/4 | €7,524 | €852 | -€6,673 | -88.7% |
| Taxes, remuneration and social security | 45 | €17,861 | €749 | -€17,112 | -95.8% |
| Taxes | 450/3 | €17,861 | €749 | -€17,112 | -95.8% |
| Other amounts payable | 47/48 | €125,493 | €5,434 | -€120,059 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,219 | €17,464 | +€2,245 | +14.8% |
| Other operating charges | 640/8 | €4,030 | €1,371 | -€2,659 | -66.0% |
| Gross operating margin | 9900 | €81,533 | -€41,926 | -€123,459 | |
| Operating profit (loss) | 9901 | €62,284 | -€60,761 | -€123,046 | |
| Financial income | 75/76B | €657,661 | - | -€657,661 | |
| Recurring financial income | 75 | €657,661 | - | -€657,661 | |
| Financial charges | 65/66B | €3,209 | €3,649 | +€440 | +13.7% |
| Recurring financial charges | 65 | €3,209 | €3,649 | +€440 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €716,737 | -€64,410 | -€781,147 | |
| Income taxes | 67/77 | €13,526 | €223 | -€13,303 | -98.4% |
| Profit (loss) for the period | 9904 | €703,211 | -€64,633 | -€767,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €703,211 | -€64,633 | -€767,843 |
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 6 October 2026 via checked.be.