GINDER BLUE: 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.
GINDER BLUE
Largest movements
- Cash -€427,462
down €427,462 (-38.6%), from €1.1m to €680,023
mainly Debts after one year (-€310,030) and Contributions, distributions and other (-€300,000)
- Tangible fixed assets -€265,383
down €265,383 (-16.5%), from €1.6m to €1.3m
of which Other tangible fixed assets: -€262,742
- Debts after one year -€310,030
down €310,030 (-29.5%), from €1.1m to €740,545
- Profit (loss) carried forward -€185,345
down €185,345 (-28.2%), from €657,341 to €471,996
- Tax, wage and social debts -€144,982
down €144,982 (-42.1%), from €344,734 to €199,752
of which Taxes: -€136,285
- Gross operating margin -€495,575
down €495,575 (-30.5%), from €1.6m to €1.1m
- Taxes -€113,372
down €113,372 (-70.8%), from €160,234 to €46,862
- Staff costs +€26,560
up €26,560 (+4.4%), from €602,697 to €629,256
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 | €3,753,268 | €3,111,685 | -€641,583 | -17.1% |
| Fixed assets | 21/28 | €1,642,498 | €1,371,832 | -€270,666 | -16.5% |
| Intangible fixed assets | 21 | €32,011 | €26,728 | -€5,283 | -16.5% |
| Tangible fixed assets | 22/27 | €1,610,487 | €1,345,104 | -€265,383 | -16.5% |
| Plant, machinery and equipment | 23 | €3,181 | €2,795 | -€386 | -12.1% |
| Furniture and vehicles | 24 | €3,843 | €1,589 | -€2,254 | -58.7% |
| Other tangible fixed assets | 26 | €1,603,463 | €1,340,721 | -€262,742 | -16.4% |
| Current assets | 29/58 | €2,110,771 | €1,739,853 | -€370,918 | -17.6% |
| Amounts receivable after more than one year | 29 | €521,150 | €521,150 | = | 0.0% |
| Other amounts receivable | 291 | €521,150 | €521,150 | = | 0.0% |
| Stocks and contracts in progress | 3 | €313,780 | €310,746 | -€3,035 | -1.0% |
| Stocks | 30/36 | €313,780 | €310,746 | -€3,035 | -1.0% |
| Amounts receivable within one year | 40/41 | €81,789 | €105,701 | +€23,912 | +29.2% |
| Trade receivables | 40 | €18,565 | €44,414 | +€25,849 | +139% |
| Other amounts receivable | 41 | €63,224 | €61,288 | -€1,936 | -3.1% |
| Cash at bank and in hand | 54/58 | €1,107,485 | €680,023 | -€427,462 | -38.6% |
| Deferred charges and accrued income | 490/1 | €86,566 | €122,233 | +€35,667 | +41.2% |
| Total equity and liabilities | 10/49 | €3,753,268 | €3,111,685 | -€641,583 | -17.1% |
| Equity | 10/15 | €1,168,361 | €983,016 | -€185,345 | -15.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €261,020 | €261,020 | = | 0.0% |
| Tax-exempt reserves | 132 | €261,020 | €261,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €657,341 | €471,996 | -€185,345 | -28.2% |
| Amounts payable | 17/49 | €2,584,907 | €2,128,669 | -€456,238 | -17.7% |
| Amounts payable after more than one year | 17 | €1,050,575 | €740,545 | -€310,030 | -29.5% |
| Financial debts | 170/4 | €1,050,575 | €740,545 | -€310,030 | -29.5% |
| Amounts payable within one year | 42/48 | €1,534,333 | €1,388,125 | -€146,208 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €284,944 | €288,580 | +€3,636 | +1.3% |
| Trade debts | 44 | €904,655 | €899,792 | -€4,863 | -0.5% |
| Suppliers | 440/4 | €904,655 | €899,792 | -€4,863 | -0.5% |
| Taxes, remuneration and social security | 45 | €344,734 | €199,752 | -€144,982 | -42.1% |
| Taxes | 450/3 | €260,276 | €123,991 | -€136,285 | -52.4% |
| Remuneration and social security | 454/9 | €84,458 | €75,761 | -€8,696 | -10.3% |
| Non-recurring operating income | 76A | - | €26,709 | +€26,709 | |
| Remuneration, social security and pensions | 62 | €602,697 | €629,256 | +€26,560 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,478 | €288,138 | +€660 | +0.2% |
| Other operating charges | 640/8 | €53,022 | €43,298 | -€9,724 | -18.3% |
| Gross operating margin | 9900 | €1,626,754 | €1,131,179 | -€495,575 | -30.5% |
| Operating profit (loss) | 9901 | €683,557 | €170,487 | -€513,069 | -75.1% |
| Financial income | 75/76B | €26,452 | €28,779 | +€2,328 | +8.8% |
| Recurring financial income | 75 | €26,452 | €28,779 | +€2,328 | +8.8% |
| Financial charges | 65/66B | €33,681 | €37,750 | +€4,069 | +12.1% |
| Recurring financial charges | 65 | €33,681 | €37,750 | +€4,069 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €676,328 | €161,517 | -€514,811 | -76.1% |
| Income taxes | 67/77 | €160,234 | €46,862 | -€113,372 | -70.8% |
| Profit (loss) for the period | 9904 | €516,093 | €114,655 | -€401,439 | -77.8% |
| Transfer to tax-exempt reserves | 689 | €261,020 | €0 | -€261,020 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €255,073 | €114,655 | -€140,419 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.