GRIP-GEAR: 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.
GRIP-GEAR
Largest movements
- Stocks and contracts +€28,309
up €28,309 (+70.7%), from €40,021 to €68,330
- Tangible fixed assets -€26,475
down €26,475 (-13.8%), from €192,155 to €165,680
of which Furniture and vehicles: -€15,750
- Receivables within one year -€10,746
down €10,746 (-30.5%), from €35,204 to €24,458
of which Trade receivables: -€13,178
- Cash -€4,913
down €4,913 (-23.9%), from €20,564 to €15,651
mainly Stocks and contracts (-€28,309) and Trade debts (-€24,276)
- Other debts +€28,324
up €28,324 (+110%), from €25,728 to €54,052
- Trade debts -€24,276
down €24,276 (-88.1%), from €27,557 to €3,281
- Accrued charges and deferred income -€23,033
no longer reported in 2025 (was €23,033)
- Reserves +€8,802
up €8,802 (+90.6%), from €9,713 to €18,515
- Current portion of long-term debt -€6,988
down €6,988 (-55.5%), from €12,588 to €5,600
- Gross operating margin -€13,943
down €13,943 (-34.7%), from €40,207 to €26,263
- Depreciation -€6,014
down €6,014 (-30.8%), from €19,498 to €13,484
- Financial income +€4,011
up €4,011 (+7,516%), from €53 to €4,065
- Taxes +€1,485
new in 2025: €1,485
- Financial charges +€1,428
up €1,428 (+72.5%), from €1,970 to €3,399
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 | €287,945 | €274,384 | -€13,561 | -4.7% |
| Fixed assets | 21/28 | €192,155 | €165,680 | -€26,475 | -13.8% |
| Tangible fixed assets | 22/27 | €192,155 | €165,680 | -€26,475 | -13.8% |
| Land and buildings | 22 | €167,748 | €158,355 | -€9,392 | -5.6% |
| Plant, machinery and equipment | 23 | €3,016 | €1,683 | -€1,333 | -44.2% |
| Furniture and vehicles | 24 | €21,391 | €5,641 | -€15,750 | -73.6% |
| Current assets | 29/58 | €95,790 | €108,704 | +€12,915 | +13.5% |
| Stocks and contracts in progress | 3 | €40,021 | €68,330 | +€28,309 | +70.7% |
| Stocks | 30/36 | €40,021 | €68,330 | +€28,309 | +70.7% |
| Amounts receivable within one year | 40/41 | €35,204 | €24,458 | -€10,746 | -30.5% |
| Trade receivables | 40 | €35,188 | €22,010 | -€13,178 | -37.5% |
| Other amounts receivable | 41 | €16 | €2,448 | +€2,432 | +14,892% |
| Cash at bank and in hand | 54/58 | €20,564 | €15,651 | -€4,913 | -23.9% |
| Deferred charges and accrued income | 490/1 | - | €266 | +€266 | |
| Total equity and liabilities | 10/49 | €287,945 | €274,384 | -€13,561 | -4.7% |
| Equity | 10/15 | €28,313 | €37,115 | +€8,802 | +31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,713 | €18,515 | +€8,802 | +90.6% |
| Distributable reserves | 133 | €9,713 | €18,515 | +€8,802 | +90.6% |
| Amounts payable | 17/49 | €259,632 | €237,270 | -€22,362 | -8.6% |
| Amounts payable after more than one year | 17 | €165,040 | €165,040 | = | 0.0% |
| Financial debts | 170/4 | €165,040 | €165,040 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,558 | €72,229 | +€671 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €12,588 | €5,600 | -€6,988 | -55.5% |
| Trade debts | 44 | €27,557 | €3,281 | -€24,276 | -88.1% |
| Suppliers | 440/4 | €27,557 | €3,281 | -€24,276 | -88.1% |
| Taxes, remuneration and social security | 45 | €5,686 | €9,296 | +€3,611 | +63.5% |
| Taxes | 450/3 | €3,086 | €6,696 | +€3,611 | +117% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €25,728 | €54,052 | +€28,324 | +110% |
| Accrued charges and deferred income | 492/3 | €23,033 | - | -€23,033 | |
| Non-recurring operating income | 76A | €8,209 | - | -€8,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,498 | €13,484 | -€6,014 | -30.8% |
| Other operating charges | 640/8 | €4,302 | €3,159 | -€1,144 | -26.6% |
| Gross operating margin | 9900 | €40,207 | €26,263 | -€13,943 | -34.7% |
| Operating profit (loss) | 9901 | €16,406 | €9,621 | -€6,786 | -41.4% |
| Financial income | 75/76B | €53 | €4,065 | +€4,011 | +7,516% |
| Recurring financial income | 75 | €53 | €4,065 | +€4,011 | +7,516% |
| Financial charges | 65/66B | €1,970 | €3,399 | +€1,428 | +72.5% |
| Recurring financial charges | 65 | €1,970 | €3,399 | +€1,428 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €14,489 | €10,287 | -€4,203 | -29.0% |
| Income taxes | 67/77 | - | €1,485 | +€1,485 | |
| Profit (loss) for the period | 9904 | €14,489 | €8,802 | -€5,688 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,489 | €8,802 | -€5,688 | -39.3% |
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 18 October 2026 via checked.be.