GIN & C°: what changed
Two fiscal 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.
GIN & C°
Largest movements
- Receivables within one year +€123,422
up €123,422 (+39.6%), from €311,735 to €435,158
of which Trade receivables: +€99,156
- Receivables after one year -€100,000
down €100,000 (-34.1%), from €293,500 to €193,500
- Cash -€18,439
down €18,439 (-59.4%), from €31,044 to €12,604
mainly Receivables within one year (-€123,422) and Contributions, distributions and other (-€109,601)
- Deferred charges and accrued income +€10,296
up €10,296 (+94.0%), from €10,956 to €21,252
- Reserves -€76,113
down €76,113 (-18.4%), from €412,642 to €336,529
of which Distributable reserves: -€76,113
- Trade debts +€30,906
up €30,906 (+22.0%), from €140,276 to €171,181
- Other debts +€30,803
new in 2025: €30,803
- Current portion of long-term debt +€29,060
up €29,060 (+2088.4%), from €1,392 to €30,451
- Gross operating margin -€46,079
down €46,079 (-13.8%), from €334,034 to €287,955
- Taxes -€14,033
down €14,033 (-48.5%), from €28,948 to €14,915
- Staff costs +€6,357
up €6,357 (+2.8%), from €231,040 to €237,398
- Financial income -€3,930
down €3,930 (-19.4%), from €20,284 to €16,355
of which Non-recurring financial income: -€10,907
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 | €692,835 | €703,190 | +€10,355 | +1.5% |
| Fixed assets | 21/28 | €945 | €0 | -€945 | -100.0% |
| Tangible fixed assets | 22/27 | €945 | €0 | -€945 | -100.0% |
| Plant, machinery and equipment | 23 | €945 | €0 | -€945 | -100.0% |
| Current assets | 29/58 | €691,890 | €703,190 | +€11,300 | +1.6% |
| Amounts receivable after more than one year | 29 | €293,500 | €193,500 | -€100,000 | -34.1% |
| Other amounts receivable | 291 | €293,500 | €193,500 | -€100,000 | -34.1% |
| Stocks and contracts in progress | 3 | €44,655 | €40,676 | -€3,979 | -8.9% |
| Stocks | 30/36 | €44,655 | €40,676 | -€3,979 | -8.9% |
| Amounts receivable within one year | 40/41 | €311,735 | €435,158 | +€123,422 | +39.6% |
| Trade receivables | 40 | €131,861 | €231,017 | +€99,156 | +75.2% |
| Other amounts receivable | 41 | €179,874 | €204,140 | +€24,266 | +13.5% |
| Cash at bank and in hand | 54/58 | €31,044 | €12,604 | -€18,439 | -59.4% |
| Deferred charges and accrued income | 490/1 | €10,956 | €21,252 | +€10,296 | +94.0% |
| Total equity and liabilities | 10/49 | €692,835 | €703,190 | +€10,355 | +1.5% |
| Equity | 10/15 | €418,025 | €341,912 | -€76,113 | -18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €412,642 | €336,529 | -€76,113 | -18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €410,782 | €334,669 | -€76,113 | -18.5% |
| Profit (loss) carried forward | 14 | -€13,217 | -€13,217 | = | 0.0% |
| Amounts payable | 17/49 | €274,809 | €361,278 | +€86,469 | +31.5% |
| Amounts payable within one year | 42/48 | €271,309 | €357,778 | +€86,469 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €1,392 | €30,451 | +€29,060 | +2088.4% |
| Trade debts | 44 | €140,276 | €171,181 | +€30,906 | +22.0% |
| Suppliers | 440/4 | €140,276 | €171,181 | +€30,906 | +22.0% |
| Taxes, remuneration and social security | 45 | €129,642 | €125,342 | -€4,300 | -3.3% |
| Taxes | 450/3 | €100,305 | €97,691 | -€2,614 | -2.6% |
| Remuneration and social security | 454/9 | €29,338 | €27,651 | -€1,686 | -5.7% |
| Other amounts payable | 47/48 | - | €30,803 | +€30,803 | |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Non-recurring operating income | 76A | €2,989 | €0 | -€2,989 | -100.0% |
| Remuneration, social security and pensions | 62 | €231,040 | €237,398 | +€6,357 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €945 | -€522 | -35.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45 | €0 | -€45 | -100.0% |
| Other operating charges | 640/8 | €7,536 | €4,481 | -€3,055 | -40.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €334,034 | €287,955 | -€46,079 | -13.8% |
| Operating profit (loss) | 9901 | €93,945 | €45,131 | -€48,814 | -52.0% |
| Financial income | 75/76B | €20,284 | €16,355 | -€3,930 | -19.4% |
| Recurring financial income | 75 | €9,377 | €16,355 | +€6,977 | +74.4% |
| Non-recurring financial income | 76B | €10,907 | €0 | -€10,907 | -100.0% |
| Financial charges | 65/66B | €11,507 | €13,083 | +€1,576 | +13.7% |
| Recurring financial charges | 65 | €11,507 | €10,312 | -€1,195 | -10.4% |
| Non-recurring financial charges | 66B | - | €2,771 | +€2,771 | |
| Profit (loss) for the period before taxes | 9903 | €102,723 | €48,403 | -€54,320 | -52.9% |
| Income taxes | 67/77 | €28,948 | €14,915 | -€14,033 | -48.5% |
| Profit (loss) for the period | 9904 | €73,775 | €33,488 | -€40,287 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,775 | €33,488 | -€40,287 | -54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.