B. Van Ginderen: 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.
B. Van Ginderen
Largest movements
- Receivables within one year +€59,975
up €59,975 (+72.4%), from €82,811 to €142,787
of which Other amounts receivable: +€46,731
- Stocks and contracts +€3,949
new in 2025: €3,949
- Cash +€2,721
up €2,721 (+44.5%), from €6,122 to €8,843
mainly Net result for the year (+€28,741) and Trade debts (+€26,166)
- Reserves +€28,741
up €28,741 (+42.0%), from €68,375 to €97,116
- Trade debts +€26,166
up €26,166 (+391%), from €6,688 to €32,855
- Tax, wage and social debts +€10,739
up €10,739 (+62.4%), from €17,203 to €27,942
- Gross operating margin -€52,658
down €52,658 (-60.8%), from €86,626 to €33,969
- Taxes -€9,764
down €9,764 (-56.8%), from €17,203 to €7,439
- Financial income +€4,941
up €4,941 (+42,124%), from €12 to €4,953
- Depreciation +€1,260
up €1,260 (+15,000%), from €8 to €1,268
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 | €95,266 | €160,913 | +€65,647 | +68.9% |
| Fixed assets | 21/28 | €6,334 | €5,065 | -€1,268 | -20.0% |
| Tangible fixed assets | 22/27 | €6,334 | €5,065 | -€1,268 | -20.0% |
| Other tangible fixed assets | 26 | €6,334 | €5,065 | -€1,268 | -20.0% |
| Current assets | 29/58 | €88,933 | €155,848 | +€66,915 | +75.2% |
| Stocks and contracts in progress | 3 | - | €3,949 | +€3,949 | |
| Stocks | 30/36 | - | €3,949 | +€3,949 | |
| Amounts receivable within one year | 40/41 | €82,811 | €142,787 | +€59,975 | +72.4% |
| Trade receivables | 40 | €10,522 | €23,766 | +€13,244 | +126% |
| Other amounts receivable | 41 | €72,290 | €119,021 | +€46,731 | +64.6% |
| Cash at bank and in hand | 54/58 | €6,122 | €8,843 | +€2,721 | +44.5% |
| Deferred charges and accrued income | 490/1 | - | €269 | +€269 | |
| Total equity and liabilities | 10/49 | €95,266 | €160,913 | +€65,647 | +68.9% |
| Equity | 10/15 | €71,375 | €100,116 | +€28,741 | +40.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,375 | €97,116 | +€28,741 | +42.0% |
| Distributable reserves | 133 | €68,375 | €97,116 | +€28,741 | +42.0% |
| Amounts payable | 17/49 | €23,891 | €60,797 | +€36,905 | +154% |
| Amounts payable within one year | 42/48 | €23,891 | €60,797 | +€36,905 | +154% |
| Trade debts | 44 | €6,688 | €32,855 | +€26,166 | +391% |
| Suppliers | 440/4 | €6,688 | €32,855 | +€26,166 | +391% |
| Taxes, remuneration and social security | 45 | €17,203 | €27,942 | +€10,739 | +62.4% |
| Taxes | 450/3 | €17,203 | €27,942 | +€10,739 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €1,268 | +€1,260 | +15,000% |
| Other operating charges | 640/8 | €1,032 | €1,256 | +€224 | +21.7% |
| Gross operating margin | 9900 | €86,626 | €33,969 | -€52,658 | -60.8% |
| Operating profit (loss) | 9901 | €85,586 | €31,445 | -€54,141 | -63.3% |
| Financial income | 75/76B | €12 | €4,953 | +€4,941 | +42,124% |
| Recurring financial income | 75 | €12 | €4,953 | +€4,941 | +42,124% |
| Financial charges | 65/66B | €19 | €218 | +€198 | +1,021% |
| Recurring financial charges | 65 | €19 | €218 | +€198 | +1,021% |
| Profit (loss) for the period before taxes | 9903 | €85,578 | €36,180 | -€49,398 | -57.7% |
| Income taxes | 67/77 | €17,203 | €7,439 | -€9,764 | -56.8% |
| Profit (loss) for the period | 9904 | €68,375 | €28,741 | -€39,634 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,375 | €28,741 | -€39,634 | -58.0% |
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 20 October 2026 via checked.be.