GINDER: 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.
GINDER
Largest movements
- Receivables within one year -€26,758
down €26,758 (-35.0%), from €76,359 to €49,601
of which Trade receivables: -€23,607
- Cash -€9,519
down €9,519 (-14.8%), from €64,394 to €54,875
mainly Contributions, distributions and other (-€227,848) and Investment in fixed assets (net) (-€5,743)
- Tangible fixed assets +€1,775
up €1,775 (+6.6%), from €26,771 to €28,547
of which Other tangible fixed assets: +€1,990
- Profit (loss) carried forward -€140,423
down €140,423 (-100.0%), from €140,423 to €0
- Other debts +€87,424
up €87,424, from €0 to €87,424
- Tax, wage and social debts +€19,358
up €19,358 (+99.4%), from €19,478 to €38,837
- Financial charges +€3,328
up €3,328 (+273.8%), from €1,216 to €4,544
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 | €174,801 | €141,284 | -€33,517 | -19.2% |
| Fixed assets | 21/28 | €27,779 | €29,555 | +€1,775 | +6.4% |
| Tangible fixed assets | 22/27 | €26,771 | €28,547 | +€1,775 | +6.6% |
| Plant, machinery and equipment | 23 | €3,817 | €3,128 | -€689 | -18.0% |
| Furniture and vehicles | 24 | €2,897 | €3,371 | +€475 | +16.4% |
| Other tangible fixed assets | 26 | €20,058 | €22,047 | +€1,990 | +9.9% |
| Financial fixed assets | 28 | €1,008 | €1,008 | = | 0.0% |
| Current assets | 29/58 | €147,022 | €111,729 | -€35,293 | -24.0% |
| Amounts receivable within one year | 40/41 | €76,359 | €49,601 | -€26,758 | -35.0% |
| Trade receivables | 40 | €67,873 | €44,266 | -€23,607 | -34.8% |
| Other amounts receivable | 41 | €8,486 | €5,335 | -€3,151 | -37.1% |
| Cash at bank and in hand | 54/58 | €64,394 | €54,875 | -€9,519 | -14.8% |
| Deferred charges and accrued income | 490/1 | €6,268 | €7,252 | +€984 | +15.7% |
| Total equity and liabilities | 10/49 | €174,801 | €141,284 | -€33,517 | -19.2% |
| Equity | 10/15 | €143,423 | €3,000 | -€140,423 | -97.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,423 | €0 | -€140,423 | -100.0% |
| Amounts payable | 17/49 | €31,377 | €138,284 | +€106,906 | +340.7% |
| Amounts payable within one year | 42/48 | €24,595 | €131,087 | +€106,492 | +433.0% |
| Financial debts | 43 | €157 | €283 | +€125 | +79.4% |
| Other loans | 439 | €157 | €283 | +€125 | +79.4% |
| Trade debts | 44 | €4,959 | €4,544 | -€416 | -8.4% |
| Suppliers | 440/4 | €4,959 | €4,544 | -€416 | -8.4% |
| Taxes, remuneration and social security | 45 | €19,478 | €38,837 | +€19,358 | +99.4% |
| Taxes | 450/3 | €19,478 | €38,837 | +€19,358 | +99.4% |
| Other amounts payable | 47/48 | €0 | €87,424 | +€87,424 | |
| Accrued charges and deferred income | 492/3 | €6,782 | €7,196 | +€414 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,437 | €3,968 | +€531 | +15.4% |
| Other operating charges | 640/8 | €906 | €935 | +€29 | +3.2% |
| Gross operating margin | 9900 | €122,542 | €123,067 | +€525 | +0.4% |
| Operating profit (loss) | 9901 | €118,199 | €118,165 | -€34 | 0.0% |
| Financial income | 75/76B | €1,010 | €578 | -€431 | -42.7% |
| Recurring financial income | 75 | €1,010 | €578 | -€431 | -42.7% |
| Financial charges | 65/66B | €1,216 | €4,544 | +€3,328 | +273.8% |
| Recurring financial charges | 65 | €1,216 | €4,544 | +€3,328 | +273.8% |
| Profit (loss) for the period before taxes | 9903 | €117,993 | €114,199 | -€3,794 | -3.2% |
| Income taxes | 67/77 | €26,303 | €26,775 | +€472 | +1.8% |
| Profit (loss) for the period | 9904 | €91,690 | €87,424 | -€4,265 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,690 | €87,424 | -€4,265 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.