Grit & Growth: what changed
Grit & Growth
Largest movements
- Tangible fixed assets +€58,623
up €58,623 (+1,094%), from €5,359 to €63,982
of which Furniture and vehicles: +€57,303
- Cash +€11,291
up €11,291 (+87.8%), from €12,863 to €24,153
mainly Debts after one year (+€33,002) and Net result for the year (+€19,605)
- Receivables within one year +€5,544
up €5,544 (+37.2%), from €14,896 to €20,440
of which Trade receivables: +€5,561
- Debts after one year +€33,002
up €33,002 (+534%), from €6,176 to €39,178
- Profit (loss) carried forward +€19,605
up €19,605 (+304%), from €6,446 to €26,052
- Tax, wage and social debts +€10,466
up €10,466 (+49.4%), from €21,173 to €31,639
of which Taxes: +€10,466
- Current portion of long-term debt +€10,058
up €10,058 (+518%), from €1,940 to €11,998
- Other debts +€1,779
up €1,779 (+8.3%), from €21,554 to €23,333
- Gross operating margin +€24,234
up €24,234 (+118%), from €20,596 to €44,830
- Depreciation +€8,024
up €8,024 (+450%), from €1,782 to €9,806
- Taxes +€3,868
up €3,868 (+52.9%), from €7,310 to €11,178
- Other operating charges -€1,020
down €1,020 (-29.8%), from €3,418 to €2,398
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,309 | €140,813 | +€75,504 | +116% |
| Fixed assets | 21/28 | €30,959 | €89,582 | +€58,623 | +189% |
| Tangible fixed assets | 22/27 | €5,359 | €63,982 | +€58,623 | +1,094% |
| Plant, machinery and equipment | 23 | €2,635 | €3,955 | +€1,321 | +50.1% |
| Furniture and vehicles | 24 | €2,724 | €60,027 | +€57,303 | +2,103% |
| Financial fixed assets | 28 | €25,600 | €25,600 | = | 0.0% |
| Current assets | 29/58 | €34,350 | €51,231 | +€16,881 | +49.1% |
| Amounts receivable within one year | 40/41 | €14,896 | €20,440 | +€5,544 | +37.2% |
| Trade receivables | 40 | €14,806 | €20,367 | +€5,561 | +37.6% |
| Other amounts receivable | 41 | €90 | €73 | -€17 | -18.8% |
| Cash at bank and in hand | 54/58 | €12,863 | €24,153 | +€11,291 | +87.8% |
| Deferred charges and accrued income | 490/1 | €6,592 | €6,637 | +€46 | +0.7% |
| Total equity and liabilities | 10/49 | €65,309 | €140,813 | +€75,504 | +116% |
| Equity | 10/15 | €11,446 | €31,052 | +€19,605 | +171% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,446 | €26,052 | +€19,605 | +304% |
| Amounts payable | 17/49 | €53,863 | €109,761 | +€55,898 | +104% |
| Amounts payable after more than one year | 17 | €6,176 | €39,178 | +€33,002 | +534% |
| Financial debts | 170/4 | €6,176 | €39,178 | +€33,002 | +534% |
| Amounts payable within one year | 42/48 | €47,686 | €70,583 | +€22,896 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €1,940 | €11,998 | +€10,058 | +518% |
| Trade debts | 44 | €3,019 | €3,612 | +€593 | +19.6% |
| Suppliers | 440/4 | €3,019 | €3,612 | +€593 | +19.6% |
| Taxes, remuneration and social security | 45 | €21,173 | €31,639 | +€10,466 | +49.4% |
| Taxes | 450/3 | €18,173 | €28,639 | +€10,466 | +57.6% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €21,554 | €23,333 | +€1,779 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,782 | €9,806 | +€8,024 | +450% |
| Other operating charges | 640/8 | €3,418 | €2,398 | -€1,020 | -29.8% |
| Gross operating margin | 9900 | €20,596 | €44,830 | +€24,234 | +118% |
| Operating profit (loss) | 9901 | €15,396 | €32,625 | +€17,230 | +112% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.6% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.6% |
| Financial charges | 65/66B | €1,649 | €1,842 | +€193 | +11.7% |
| Recurring financial charges | 65 | €1,649 | €1,842 | +€193 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €13,756 | €30,783 | +€17,027 | +124% |
| Income taxes | 67/77 | €7,310 | €11,178 | +€3,868 | +52.9% |
| Profit (loss) for the period | 9904 | €6,446 | €19,605 | +€13,159 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €6,446 | €19,605 | +€13,159 | +204% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.