grIP: 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.
grIP
Largest movements
- Receivables within one year +€58,655
up €58,655 (+137.9%), from €42,537 to €101,192
of which Trade receivables: +€59,168
- Cash -€30,712
down €30,712 (-59.2%), from €51,839 to €21,126
mainly Receivables within one year (-€58,655) and Other debts (-€29,322)
- Reserves +€56,750
up €56,750 (+246.6%), from €23,014 to €79,765
- Other debts -€29,322
no longer reported in 2025 (was €29,322)
- Gross operating margin +€35,684
up €35,684 (+85.6%), from €41,700 to €77,384
- Taxes +€9,026
up €9,026 (+89.6%), from €10,070 to €19,096
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 | €94,375 | €123,239 | +€28,863 | +30.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €921 | +€921 | |
| Tangible fixed assets | 22/27 | - | €921 | +€921 | |
| Furniture and vehicles | 24 | - | €921 | +€921 | |
| Current assets | 29/58 | €94,375 | €122,318 | +€27,942 | +29.6% |
| Amounts receivable within one year | 40/41 | €42,537 | €101,192 | +€58,655 | +137.9% |
| Trade receivables | 40 | €42,024 | €101,192 | +€59,168 | +140.8% |
| Other amounts receivable | 41 | €513 | - | -€513 | |
| Cash at bank and in hand | 54/58 | €51,839 | €21,126 | -€30,712 | -59.2% |
| Total equity and liabilities | 10/49 | €94,375 | €123,239 | +€28,863 | +30.6% |
| Equity | 10/15 | €27,014 | €83,765 | +€56,750 | +210.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €23,014 | €79,765 | +€56,750 | +246.6% |
| Distributable reserves | 133 | €23,014 | €79,765 | +€56,750 | +246.6% |
| Amounts payable | 17/49 | €67,361 | €39,474 | -€27,887 | -41.4% |
| Amounts payable within one year | 42/48 | €67,361 | €39,474 | -€27,887 | -41.4% |
| Trade debts | 44 | €12,308 | €12,690 | +€382 | +3.1% |
| Suppliers | 440/4 | €12,308 | €12,690 | +€382 | +3.1% |
| Taxes, remuneration and social security | 45 | €25,731 | €26,784 | +€1,053 | +4.1% |
| Taxes | 450/3 | €25,731 | €26,784 | +€1,053 | +4.1% |
| Other amounts payable | 47/48 | €29,322 | - | -€29,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €176 | +€176 | |
| Other operating charges | 640/8 | €1,953 | €1,281 | -€672 | -34.4% |
| Gross operating margin | 9900 | €41,700 | €77,384 | +€35,684 | +85.6% |
| Operating profit (loss) | 9901 | €39,746 | €75,926 | +€36,180 | +91.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €355 | €80 | -€274 | -77.3% |
| Recurring financial charges | 65 | €355 | €80 | -€274 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €39,392 | €75,846 | +€36,454 | +92.5% |
| Income taxes | 67/77 | €10,070 | €19,096 | +€9,026 | +89.6% |
| Profit (loss) for the period | 9904 | €29,322 | €56,750 | +€27,428 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,322 | €56,750 | +€27,428 | +93.5% |
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 29 September 2026 via checked.be.