Grit Studios: 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 Studios
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+14.4%), from €7.5m to €8.6m
of which Other tangible fixed assets: +€1.1m
- Cash -€227,367
down €227,367 (-98.1%), from €231,865 to €4,498
mainly Investment in fixed assets (net) (-€2.3m) and Debts after one year (-€679,329)
- Receivables within one year -€187,587
down €187,587 (-20.7%), from €905,349 to €717,763
of which Other amounts receivable: -€307,670
- Trade debts +€813,012
up €813,012 (+123.9%), from €655,970 to €1.5m
- Current portion of long-term debt +€728,555
up €728,555 (+63.4%), from €1.2m to €1.9m
- Debts after one year -€679,329
down €679,329 (-12.9%), from €5.2m to €4.6m
- Profit (loss) carried forward -€314,469
down €314,469 (-1295.0%), from -€24,284 to -€338,752
- Investment grants +€232,224
up €232,224 (+54.3%), from €427,657 to €659,881
- Gross operating margin +€896,273
up €896,273 (+40.1%), from €2.2m to €3.1m
- Staff costs +€893,963
up €893,963 (+88.5%), from €1.0m to €1.9m
- Depreciation +€401,202
up €401,202 (+47.1%), from €851,296 to €1.3m
- Financial charges -€36,629
down €36,629 (-9.0%), from €409,123 to €372,493
of which Financial charges: -€29,968
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 | €9,157,735 | €9,833,799 | +€676,063 | +7.4% |
| Fixed assets | 21/28 | €7,910,421 | €8,958,454 | +€1.0m | +13.2% |
| Intangible fixed assets | 21 | €432,629 | €398,089 | -€34,539 | -8.0% |
| Tangible fixed assets | 22/27 | €7,475,846 | €8,552,431 | +€1.1m | +14.4% |
| Plant, machinery and equipment | 23 | €198,243 | €144,235 | -€54,008 | -27.2% |
| Furniture and vehicles | 24 | €283,467 | €433,877 | +€150,410 | +53.1% |
| Leasing and similar rights | 25 | €173,722 | €177,064 | +€3,342 | +1.9% |
| Other tangible fixed assets | 26 | €6,699,325 | €7,797,255 | +€1.1m | +16.4% |
| Assets under construction and advance payments | 27 | €121,089 | €0 | -€121,089 | -100.0% |
| Financial fixed assets | 28 | €1,946 | €7,934 | +€5,988 | +307.7% |
| Current assets | 29/58 | €1,247,314 | €875,344 | -€371,970 | -29.8% |
| Stocks and contracts in progress | 3 | €44,093 | €77,709 | +€33,616 | +76.2% |
| Stocks | 30/36 | €44,093 | €77,709 | +€33,616 | +76.2% |
| Amounts receivable within one year | 40/41 | €905,349 | €717,763 | -€187,587 | -20.7% |
| Trade receivables | 40 | €468,783 | €588,866 | +€120,083 | +25.6% |
| Other amounts receivable | 41 | €436,567 | €128,896 | -€307,670 | -70.5% |
| Cash at bank and in hand | 54/58 | €231,865 | €4,498 | -€227,367 | -98.1% |
| Deferred charges and accrued income | 490/1 | €66,007 | €75,374 | +€9,368 | +14.2% |
| Total equity and liabilities | 10/49 | €9,157,735 | €9,833,799 | +€676,063 | +7.4% |
| Equity | 10/15 | €1,606,374 | €1,524,128 | -€82,245 | -5.1% |
| Contributions | 10/11 | €1,203,000 | €1,203,000 | = | 0.0% |
| Capital | 10 | €1,203,000 | €1,203,000 | = | 0.0% |
| Issued capital | 100 | €1,203,000 | €1,203,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,284 | -€338,752 | -€314,469 | -1295.0% |
| Investment grants | 15 | €427,657 | €659,881 | +€232,224 | +54.3% |
| Amounts payable | 17/49 | €7,551,362 | €8,309,670 | +€758,309 | +10.0% |
| Amounts payable after more than one year | 17 | €5,248,561 | €4,569,233 | -€679,329 | -12.9% |
| Financial debts | 170/4 | €5,248,561 | €4,569,233 | -€679,329 | -12.9% |
| Amounts payable within one year | 42/48 | €1,880,909 | €3,503,166 | +€1.6m | +86.2% |
| Current portion of amounts payable after more than one year | 42 | €1,150,042 | €1,878,597 | +€728,555 | +63.4% |
| Trade debts | 44 | €655,970 | €1,468,981 | +€813,012 | +123.9% |
| Suppliers | 440/4 | €655,970 | €1,468,981 | +€813,012 | +123.9% |
| Advances received on contracts in progress | 46 | €650 | €650 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €63,453 | €153,037 | +€89,584 | +141.2% |
| Taxes | 450/3 | €53 | €91 | +€38 | +71.2% |
| Remuneration and social security | 454/9 | €63,399 | €152,946 | +€89,546 | +141.2% |
| Other amounts payable | 47/48 | €10,795 | €1,901 | -€8,894 | -82.4% |
| Accrued charges and deferred income | 492/3 | €421,892 | €237,272 | -€184,620 | -43.8% |
| Non-recurring operating income | 76A | €16 | €3,582 | +€3,566 | +22874.5% |
| Remuneration, social security and pensions | 62 | €1,009,771 | €1,903,734 | +€893,963 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €851,296 | €1,252,498 | +€401,202 | +47.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,408 | €0 | -€1,408 | -100.0% |
| Other operating charges | 640/8 | €16,361 | €32,845 | +€16,484 | +100.8% |
| Non-recurring operating charges | 66A | - | €4,776 | +€4,776 | |
| Gross operating margin | 9900 | €2,235,147 | €3,131,420 | +€896,273 | +40.1% |
| Operating profit (loss) | 9901 | €356,311 | -€62,432 | -€418,744 | |
| Financial income | 75/76B | €89,736 | €120,714 | +€30,978 | +34.5% |
| Recurring financial income | 75 | €85,722 | €120,714 | +€34,992 | +40.8% |
| Non-recurring financial income | 76B | €4,014 | - | -€4,014 | |
| Financial charges | 65/66B | €409,123 | €372,493 | -€36,629 | -9.0% |
| Recurring financial charges | 65 | €402,461 | €372,493 | -€29,968 | -7.4% |
| Non-recurring financial charges | 66B | €6,662 | €0 | -€6,662 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €36,924 | -€314,212 | -€351,136 | |
| Income taxes | 67/77 | €614 | €257 | -€357 | -58.2% |
| Profit (loss) for the period | 9904 | €36,310 | -€314,469 | -€350,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,310 | -€314,469 | -€350,779 |
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 11 October 2026 via checked.be.