GINCO: 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.
GINCO
Largest movements
- Receivables within one year -€25,983
down €25,983 (-36.4%), from €71,426 to €45,442
- Deferred charges and accrued income -€3,411
down €3,411 (-75.3%), from €4,528 to €1,117
- Profit (loss) carried forward -€223,331
down €223,331 (-546.4%), from -€40,877 to -€264,207
- Debts after one year +€201,179
up €201,179 (+350.8%), from €57,345 to €258,524
- Trade debts -€9,957
down €9,957 (-65.5%), from €15,195 to €5,238
- Accrued charges and deferred income -€8,832
down €8,832 (-90.8%), from €9,728 to €896
- Tax, wage and social debts +€8,569
up €8,569 (+85.3%), from €10,042 to €18,611
- Gross operating margin -€181,780
down €181,780 (-468.0%), from -€38,840 to -€220,620
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,954 | €46,560 | -€29,394 | -38.7% |
| Current assets | 29/58 | €75,954 | €46,560 | -€29,394 | -38.7% |
| Amounts receivable within one year | 40/41 | €71,426 | €45,442 | -€25,983 | -36.4% |
| Trade receivables | 40 | €71,426 | €45,442 | -€25,983 | -36.4% |
| Deferred charges and accrued income | 490/1 | €4,528 | €1,117 | -€3,411 | -75.3% |
| Total equity and liabilities | 10/49 | €75,954 | €46,560 | -€29,394 | -38.7% |
| Equity | 10/15 | -€20,877 | -€244,207 | -€223,331 | -1069.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,877 | -€264,207 | -€223,331 | -546.4% |
| Amounts payable | 17/49 | €96,830 | €290,767 | +€193,937 | +200.3% |
| Amounts payable after more than one year | 17 | €57,345 | €258,524 | +€201,179 | +350.8% |
| Financial debts | 170/4 | €57,345 | €258,524 | +€201,179 | +350.8% |
| Amounts payable within one year | 42/48 | €29,758 | €31,348 | +€1,590 | +5.3% |
| Financial debts | 43 | €4,320 | €7,498 | +€3,178 | +73.6% |
| Credit institutions | 430/8 | €4,320 | €7,498 | +€3,178 | +73.6% |
| Trade debts | 44 | €15,195 | €5,238 | -€9,957 | -65.5% |
| Suppliers | 440/4 | €15,195 | €5,238 | -€9,957 | -65.5% |
| Taxes, remuneration and social security | 45 | €10,042 | €18,611 | +€8,569 | +85.3% |
| Taxes | 450/3 | €10,042 | €18,611 | +€8,569 | +85.3% |
| Other amounts payable | 47/48 | €201 | €0 | -€201 | -100.0% |
| Accrued charges and deferred income | 492/3 | €9,728 | €896 | -€8,832 | -90.8% |
| Other operating charges | 640/8 | €1,509 | €1,161 | -€348 | -23.0% |
| Gross operating margin | 9900 | -€38,840 | -€220,620 | -€181,780 | -468.0% |
| Operating profit (loss) | 9901 | -€40,349 | -€221,782 | -€181,432 | -449.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €530 | €1,549 | +€1,019 | +192.2% |
| Recurring financial charges | 65 | €530 | €1,549 | +€1,019 | +192.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,877 | -€223,331 | -€182,454 | -446.4% |
| Profit (loss) for the period | 9904 | -€40,877 | -€223,331 | -€182,454 | -446.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,877 | -€223,331 | -€182,454 | -446.4% |
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 3 October 2026 via checked.be.