GINCO SALES & SERVICES: 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.
GINCO SALES & SERVICES
Largest movements
- Tangible fixed assets +€923,282
new in 2025: €923,282
of which Land and buildings: +€918,280
- Stocks and contracts -€918,280
no longer reported in 2025 (was €918,280)
- Receivables within one year -€35,155
down €35,155 (-3.4%), from €1.0m to €1.0m
of which Trade receivables: -€129,264
- Debts after one year -€58,240
down €58,240 (-7.9%), from €732,614 to €674,374
- Trade debts -€55,845
down €55,845 (-90.6%), from €61,658 to €5,813
- Tax, wage and social debts +€37,570
new in 2025: €37,570
- Other debts +€30,229
up €30,229 (+3.4%), from €881,222 to €911,451
- Reserves +€22,035
up €22,035 (+118%), from €18,627 to €40,662
of which Distributable reserves: +€40,662
- Gross operating margin -€46,436
down €46,436 (-56.3%), from €82,461 to €36,025
- Depreciation -€30,644
down €30,644 (-99.0%), from €30,952 to €308
- Financial charges -€17,074
down €17,074 (-36.7%), from €46,475 to €29,400
- Other operating charges -€2,189
down €2,189 (-79.2%), from €2,763 to €573
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 | €1,965,042 | €1,932,621 | -€32,421 | -1.6% |
| Fixed assets | 21/28 | €2,000 | €923,282 | +€921,282 | +46,064% |
| Tangible fixed assets | 22/27 | - | €923,282 | +€923,282 | |
| Land and buildings | 22 | - | €918,280 | +€918,280 | |
| Furniture and vehicles | 24 | - | €5,002 | +€5,002 | |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €1,963,042 | €1,009,340 | -€953,702 | -48.6% |
| Stocks and contracts in progress | 3 | €918,280 | - | -€918,280 | |
| Stocks | 30/36 | €918,280 | - | -€918,280 | |
| Amounts receivable within one year | 40/41 | €1,044,395 | €1,009,240 | -€35,155 | -3.4% |
| Trade receivables | 40 | €188,145 | €58,881 | -€129,264 | -68.7% |
| Other amounts receivable | 41 | €856,250 | €950,359 | +€94,109 | +11.0% |
| Cash at bank and in hand | 54/58 | €367 | €100 | -€268 | -72.8% |
| Total equity and liabilities | 10/49 | €1,965,042 | €1,932,621 | -€32,421 | -1.6% |
| Equity | 10/15 | €233,317 | €240,662 | +€7,345 | +3.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €18,627 | €40,662 | +€22,035 | +118% |
| Non-distributable reserves | 130/1 | €18,627 | - | -€18,627 | |
| Reserves not available under the articles | 1311 | €18,627 | - | -€18,627 | |
| Distributable reserves | 133 | - | €40,662 | +€40,662 | |
| Profit (loss) carried forward | 14 | €14,690 | - | -€14,690 | |
| Amounts payable | 17/49 | €1,731,725 | €1,691,959 | -€39,766 | -2.3% |
| Amounts payable after more than one year | 17 | €732,614 | €674,374 | -€58,240 | -7.9% |
| Financial debts | 170/4 | €732,614 | €674,374 | -€58,240 | -7.9% |
| Amounts payable within one year | 42/48 | €999,111 | €1,017,585 | +€18,474 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €56,231 | €58,480 | +€2,249 | +4.0% |
| Financial debts | 43 | - | €4,272 | +€4,272 | |
| Credit institutions | 430/8 | - | €4,272 | +€4,272 | |
| Trade debts | 44 | €61,658 | €5,813 | -€55,845 | -90.6% |
| Suppliers | 440/4 | €61,658 | €5,813 | -€55,845 | -90.6% |
| Taxes, remuneration and social security | 45 | - | €37,570 | +€37,570 | |
| Taxes | 450/3 | - | €37,570 | +€37,570 | |
| Other amounts payable | 47/48 | €881,222 | €911,451 | +€30,229 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,952 | €308 | -€30,644 | -99.0% |
| Other operating charges | 640/8 | €2,763 | €573 | -€2,189 | -79.2% |
| Gross operating margin | 9900 | €82,461 | €36,025 | -€46,436 | -56.3% |
| Operating profit (loss) | 9901 | €48,746 | €35,143 | -€13,603 | -27.9% |
| Financial income | 75/76B | €1,678 | €1,602 | -€76 | -4.5% |
| Recurring financial income | 75 | €1,678 | €1,602 | -€76 | -4.5% |
| Financial charges | 65/66B | €46,475 | €29,400 | -€17,074 | -36.7% |
| Recurring financial charges | 65 | €46,475 | €29,400 | -€17,074 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €3,950 | €7,345 | +€3,395 | +86.0% |
| Profit (loss) for the period | 9904 | €3,950 | €7,345 | +€3,395 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,950 | €7,345 | +€3,395 | +86.0% |
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 28 October 2026 via checked.be.