GINDERTIER: 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.
GINDERTIER
Largest movements
- Cash -€99,382
down €99,382 (-62.9%), from €157,923 to €58,540
mainly Other debts (-€100,825) and Receivables within one year (-€16,575)
- Receivables within one year +€16,575
up €16,575 (+26473.6%), from €63 to €16,638
of which Other amounts receivable: +€16,638
- Tangible fixed assets -€13,085
down €13,085 (-12.4%), from €105,211 to €92,126
- Reserves +€191,711
up €191,711 (+653.4%), from €29,341 to €221,051
- Profit (loss) carried forward -€183,187
no longer reported in 2025 (was €183,187)
- Other debts -€100,825
no longer reported in 2025 (was €100,825)
- Tax, wage and social debts -€3,825
down €3,825 (-21.5%), from €17,827 to €14,002
- Gross operating margin -€18,655
down €18,655 (-34.5%), from €54,106 to €35,451
- Depreciation +€4,956
up €4,956 (+46.5%), from €10,666 to €15,622
- Taxes -€3,777
down €3,777 (-41.3%), from €9,136 to €5,359
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 | €365,265 | €269,138 | -€96,127 | -26.3% |
| Fixed assets | 21/28 | €105,211 | €92,126 | -€13,085 | -12.4% |
| Tangible fixed assets | 22/27 | €105,211 | €92,126 | -€13,085 | -12.4% |
| Land and buildings | 22 | €66,022 | €60,098 | -€5,924 | -9.0% |
| Plant, machinery and equipment | 23 | €1,340 | €132 | -€1,208 | -90.2% |
| Furniture and vehicles | 24 | €37,848 | €31,896 | -€5,952 | -15.7% |
| Current assets | 29/58 | €260,054 | €177,012 | -€83,042 | -31.9% |
| Amounts receivable within one year | 40/41 | €63 | €16,638 | +€16,575 | +26473.6% |
| Trade receivables | 40 | €63 | - | -€63 | |
| Other amounts receivable | 41 | - | €16,638 | +€16,638 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €157,923 | €58,540 | -€99,382 | -62.9% |
| Deferred charges and accrued income | 490/1 | €2,069 | €1,834 | -€235 | -11.4% |
| Total equity and liabilities | 10/49 | €365,265 | €269,138 | -€96,127 | -26.3% |
| Equity | 10/15 | €246,613 | €255,137 | +€8,523 | +3.5% |
| Contributions | 10/11 | €34,085 | €34,085 | = | 0.0% |
| Reserves | 13 | €29,341 | €221,051 | +€191,711 | +653.4% |
| Distributable reserves | 133 | €29,341 | €221,051 | +€191,711 | +653.4% |
| Profit (loss) carried forward | 14 | €183,187 | - | -€183,187 | |
| Amounts payable | 17/49 | €118,652 | €14,002 | -€104,650 | -88.2% |
| Amounts payable within one year | 42/48 | €118,652 | €14,002 | -€104,650 | -88.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,827 | €14,002 | -€3,825 | -21.5% |
| Taxes | 450/3 | €17,827 | €14,002 | -€3,825 | -21.5% |
| Other amounts payable | 47/48 | €100,825 | - | -€100,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,666 | €15,622 | +€4,956 | +46.5% |
| Other operating charges | 640/8 | €6,168 | €6,247 | +€78 | +1.3% |
| Non-recurring operating charges | 66A | €13,501 | - | -€13,501 | |
| Gross operating margin | 9900 | €54,106 | €35,451 | -€18,655 | -34.5% |
| Operating profit (loss) | 9901 | €23,771 | €13,582 | -€10,188 | -42.9% |
| Financial income | 75/76B | €0 | €453 | +€453 | +2264100.0% |
| Recurring financial income | 75 | €0 | €453 | +€453 | +2264100.0% |
| Financial charges | 65/66B | €153 | €153 | -€0 | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €23,617 | €13,882 | -€9,735 | -41.2% |
| Income taxes | 67/77 | €9,136 | €5,359 | -€3,777 | -41.3% |
| Profit (loss) for the period | 9904 | €14,482 | €8,523 | -€5,958 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,482 | €8,523 | -€5,958 | -41.1% |
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.