GRIZIT: 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.
GRIZIT
Largest movements
- Intangible fixed assets -€41,019
down €41,019 (-14.4%), from €284,963 to €243,945
- Receivables within one year +€4,360
up €4,360 (+142%), from €3,069 to €7,430
of which Trade receivables: +€7,430
- Trade debts -€102,156
down €102,156 (-48.4%), from €211,269 to €109,113
- Current portion of long-term debt +€46,500
up €46,500 (+775%), from €6,000 to €52,500
- Debts after one year +€41,500
up €41,500 (+17.8%), from €232,750 to €274,250
- Investment grants -€16,169
down €16,169 (-15.1%), from €106,782 to €90,613
- Profit (loss) carried forward -€9,422
down €9,422 (-2.4%), from -€394,580 to -€404,002
- Gross operating margin +€33,703
up €33,703, from -€13,235 to €20,468
- Staff costs +€4,067
up €4,067 (+2,314%), from €176 to €4,243
- Depreciation -€1,415
down €1,415 (-3.3%), from €42,585 to €41,170
- Financial charges -€280
down €280 (-52.3%), from €536 to €256
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 | €308,084 | €270,636 | -€37,448 | -12.2% |
| Fixed assets | 21/28 | €285,145 | €244,475 | -€40,670 | -14.3% |
| Intangible fixed assets | 21 | €284,963 | €243,945 | -€41,019 | -14.4% |
| Tangible fixed assets | 22/27 | €182 | €31 | -€151 | -83.1% |
| Furniture and vehicles | 24 | €182 | €31 | -€151 | -83.1% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €22,939 | €26,161 | +€3,222 | +14.0% |
| Stocks and contracts in progress | 3 | €14,017 | €14,017 | = | 0.0% |
| Stocks | 30/36 | €14,017 | €14,017 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,069 | €7,430 | +€4,360 | +142% |
| Trade receivables | 40 | - | €7,430 | +€7,430 | |
| Other amounts receivable | 41 | €3,069 | - | -€3,069 | |
| Cash at bank and in hand | 54/58 | €5,853 | €4,553 | -€1,300 | -22.2% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €308,084 | €270,636 | -€37,448 | -12.2% |
| Equity | 10/15 | -€184,818 | -€210,409 | -€25,591 | -13.8% |
| Contributions | 10/11 | €102,980 | €102,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,580 | -€404,002 | -€9,422 | -2.4% |
| Investment grants | 15 | €106,782 | €90,613 | -€16,169 | -15.1% |
| Amounts payable | 17/49 | €492,903 | €481,046 | -€11,857 | -2.4% |
| Amounts payable after more than one year | 17 | €232,750 | €274,250 | +€41,500 | +17.8% |
| Financial debts | 170/4 | €232,750 | €274,250 | +€41,500 | +17.8% |
| Amounts payable within one year | 42/48 | €260,153 | €206,796 | -€53,357 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €52,500 | +€46,500 | +775% |
| Trade debts | 44 | €211,269 | €109,113 | -€102,156 | -48.4% |
| Suppliers | 440/4 | €211,269 | €109,113 | -€102,156 | -48.4% |
| Taxes, remuneration and social security | 45 | - | €332 | +€332 | |
| Taxes | 450/3 | - | €332 | +€332 | |
| Other amounts payable | 47/48 | €42,884 | €44,850 | +€1,966 | +4.6% |
| Remuneration, social security and pensions | 62 | €176 | €4,243 | +€4,067 | +2,314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,585 | €41,170 | -€1,415 | -3.3% |
| Other operating charges | 640/8 | €467 | €434 | -€33 | -7.0% |
| Gross operating margin | 9900 | -€13,235 | €20,468 | +€33,703 | |
| Operating profit (loss) | 9901 | -€56,462 | -€25,379 | +€31,083 | +55.1% |
| Financial income | 75/76B | €16,169 | €16,212 | +€44 | +0.3% |
| Recurring financial income | 75 | €16,169 | €16,212 | +€44 | +0.3% |
| Financial charges | 65/66B | €536 | €256 | -€280 | -52.3% |
| Recurring financial charges | 65 | €536 | €256 | -€280 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,829 | -€9,422 | +€31,407 | +76.9% |
| Profit (loss) for the period | 9904 | -€40,829 | -€9,422 | +€31,407 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,829 | -€9,422 | +€31,407 | +76.9% |
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.