GRIT.LAW: 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.
GRIT.LAW
Largest movements
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Receivables within one year -€25,849
down €25,849 (-63.0%), from €41,013 to €15,164
of which Trade receivables: -€12,978
- Cash -€5,138
down €5,138 (-13.3%), from €38,717 to €33,578
mainly Contributions, distributions and other (-€149,971)
- Tangible fixed assets -€5,023
down €5,023 (-40.8%), from €12,307 to €7,284
- Profit (loss) carried forward -€108,435
down €108,435 (-100%), from €108,435 to €0
- Debts after one year +€35,306
new in 2025: €35,306
- Tax, wage and social debts +€3,650
up €3,650 (+38.1%), from €9,590 to €13,240
of which Taxes: +€3,650
- Trade debts +€2,736
up €2,736 (+81.2%), from €3,370 to €6,106
- Gross operating margin +€3,563
up €3,563 (+6.5%), from €54,572 to €58,135
- Taxes +€837
up €837 (+7.9%), from €10,593 to €11,430
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 | €122,895 | €56,152 | -€66,743 | -54.3% |
| Fixed assets | 21/28 | €12,307 | €7,284 | -€5,023 | -40.8% |
| Tangible fixed assets | 22/27 | €12,307 | €7,284 | -€5,023 | -40.8% |
| Furniture and vehicles | 24 | €12,307 | €7,284 | -€5,023 | -40.8% |
| Current assets | 29/58 | €110,588 | €48,868 | -€61,720 | -55.8% |
| Amounts receivable within one year | 40/41 | €41,013 | €15,164 | -€25,849 | -63.0% |
| Trade receivables | 40 | €27,937 | €14,959 | -€12,978 | -46.5% |
| Other amounts receivable | 41 | €13,077 | €205 | -€12,872 | -98.4% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €38,717 | €33,578 | -€5,138 | -13.3% |
| Deferred charges and accrued income | 490/1 | €858 | €126 | -€732 | -85.4% |
| Total equity and liabilities | 10/49 | €122,895 | €56,152 | -€66,743 | -54.3% |
| Equity | 10/15 | €109,935 | €1,500 | -€108,435 | -98.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,435 | €0 | -€108,435 | -100% |
| Amounts payable | 17/49 | €12,960 | €54,652 | +€41,692 | +322% |
| Amounts payable after more than one year | 17 | - | €35,306 | +€35,306 | |
| Other amounts payable | 178/9 | - | €35,306 | +€35,306 | |
| Amounts payable within one year | 42/48 | €12,960 | €19,346 | +€6,386 | +49.3% |
| Trade debts | 44 | €3,370 | €6,106 | +€2,736 | +81.2% |
| Suppliers | 440/4 | €3,370 | €6,106 | +€2,736 | +81.2% |
| Taxes, remuneration and social security | 45 | €9,590 | €13,240 | +€3,650 | +38.1% |
| Taxes | 450/3 | €9,590 | €13,240 | +€3,650 | +38.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,023 | €5,023 | = | 0.0% |
| Other operating charges | 640/8 | €1,011 | €529 | -€482 | -47.7% |
| Gross operating margin | 9900 | €54,572 | €58,135 | +€3,563 | +6.5% |
| Operating profit (loss) | 9901 | €48,538 | €52,583 | +€4,045 | +8.3% |
| Financial income | 75/76B | €263 | €649 | +€386 | +147% |
| Recurring financial income | 75 | €263 | €649 | +€386 | +147% |
| Financial charges | 65/66B | €113 | €266 | +€154 | +137% |
| Recurring financial charges | 65 | €113 | €266 | +€154 | +137% |
| Profit (loss) for the period before taxes | 9903 | €48,689 | €52,966 | +€4,277 | +8.8% |
| Income taxes | 67/77 | €10,593 | €11,430 | +€837 | +7.9% |
| Profit (loss) for the period | 9904 | €38,096 | €41,536 | +€3,440 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,096 | €41,536 | +€3,440 | +9.0% |
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 28 October 2026 via checked.be.