GRIT: 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.
GRIT
Largest movements
- Receivables within one year +€11,755
up €11,755 (+81.0%), from €14,512 to €26,266
of which Trade receivables: +€15,255
- Tangible fixed assets -€7,671
down €7,671 (-27.2%), from €28,225 to €20,554
- Cash +€1,567
up €1,567 (+20.3%), from €7,734 to €9,302
mainly Net result for the year (+€10,030) and Depreciation (+€7,671)
- Reserves +€8,000
new in 2025: €8,000
- Debts after one year -€7,009
down €7,009 (-34.9%), from €20,103 to €13,094
- Profit (loss) carried forward +€2,030
up €2,030, from -€1,496 to €533
- Other debts +€1,936
up €1,936 (+21.8%), from €8,894 to €10,831
- Accrued charges and deferred income +€659
new in 2025: €659
- Gross operating margin +€10,969
up €10,969 (+82.3%), from €13,325 to €24,294
- Taxes +€2,521
up €2,521 (+161.6%), from €1,560 to €4,081
- Depreciation -€1,278
down €1,278 (-14.3%), from €8,949 to €7,671
- Other operating charges -€1,012
down €1,012 (-67.5%), from €1,498 to €486
- Financial charges +€454
up €454 (+28.9%), from €1,572 to €2,026
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 | €51,204 | €56,804 | +€5,600 | +10.9% |
| Fixed assets | 21/28 | €28,225 | €20,554 | -€7,671 | -27.2% |
| Tangible fixed assets | 22/27 | €28,225 | €20,554 | -€7,671 | -27.2% |
| Furniture and vehicles | 24 | €28,225 | €20,554 | -€7,671 | -27.2% |
| Current assets | 29/58 | €22,979 | €36,250 | +€13,271 | +57.8% |
| Amounts receivable within one year | 40/41 | €14,512 | €26,266 | +€11,755 | +81.0% |
| Trade receivables | 40 | €8,512 | €23,766 | +€15,255 | +179.2% |
| Other amounts receivable | 41 | €6,000 | €2,500 | -€3,500 | -58.3% |
| Cash at bank and in hand | 54/58 | €7,734 | €9,302 | +€1,567 | +20.3% |
| Deferred charges and accrued income | 490/1 | €733 | €682 | -€50 | -6.9% |
| Total equity and liabilities | 10/49 | €51,204 | €56,804 | +€5,600 | +10.9% |
| Equity | 10/15 | €1,504 | €11,533 | +€10,030 | +667.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | -€1,496 | €533 | +€2,030 | |
| Amounts payable | 17/49 | €49,700 | €45,271 | -€4,430 | -8.9% |
| Amounts payable after more than one year | 17 | €20,103 | €13,094 | -€7,009 | -34.9% |
| Financial debts | 170/4 | €20,103 | €13,094 | -€7,009 | -34.9% |
| Amounts payable within one year | 42/48 | €29,597 | €31,518 | +€1,920 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €6,685 | €7,009 | +€324 | +4.8% |
| Trade debts | 44 | €1,210 | €1,436 | +€226 | +18.7% |
| Suppliers | 440/4 | €1,210 | €1,436 | +€226 | +18.7% |
| Taxes, remuneration and social security | 45 | €12,808 | €12,242 | -€566 | -4.4% |
| Taxes | 450/3 | €6,332 | €5,791 | -€541 | -8.5% |
| Remuneration and social security | 454/9 | €6,476 | €6,450 | -€25 | -0.4% |
| Other amounts payable | 47/48 | €8,894 | €10,831 | +€1,936 | +21.8% |
| Accrued charges and deferred income | 492/3 | - | €659 | +€659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,949 | €7,671 | -€1,278 | -14.3% |
| Other operating charges | 640/8 | €1,498 | €486 | -€1,012 | -67.5% |
| Gross operating margin | 9900 | €13,325 | €24,294 | +€10,969 | +82.3% |
| Operating profit (loss) | 9901 | €2,878 | €16,137 | +€13,259 | +460.7% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,572 | €2,026 | +€454 | +28.9% |
| Recurring financial charges | 65 | €1,572 | €2,026 | +€454 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,317 | €14,110 | +€12,793 | +971.2% |
| Income taxes | 67/77 | €1,560 | €4,081 | +€2,521 | +161.6% |
| Profit (loss) for the period | 9904 | -€242 | €10,030 | +€10,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€242 | €10,030 | +€10,272 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.