GINF: 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.
GINF
Largest movements
- Current investments +€1.4m
up €1.4m (+228.0%), from €600,000 to €2.0m
- Stocks and contracts -€674,793
down €674,793 (-39.1%), from €1.7m to €1.1m
- Cash -€183,643
down €183,643 (-81.0%), from €226,807 to €43,164
mainly Current investments (-€1.4m) and Contributions, distributions and other (-€78,967)
- Other debts +€502,167
up €502,167 (+15.3%), from €3.3m to €3.8m
- Financial charges +€48,716
up €48,716 (+12.9%), from €376,797 to €425,514
- Gross operating margin +€13,245
up €13,245 (+2.7%), from €495,517 to €508,762
- Financial income +€10,082
up €10,082 (+58.7%), from €17,169 to €27,251
- Taxes -€6,716
down €6,716 (-20.3%), from €33,049 to €26,333
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 | €3,305,016 | €3,792,321 | +€487,305 | +14.7% |
| Fixed assets | 21/28 | €60,000 | €60,000 | = | 0.0% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €3,245,016 | €3,732,321 | +€487,305 | +15.0% |
| Amounts receivable after more than one year | 29 | €644,146 | €644,146 | = | 0.0% |
| Other amounts receivable | 291 | €644,146 | €644,146 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,724,961 | €1,050,168 | -€674,793 | -39.1% |
| Stocks | 30/36 | €1,724,961 | €1,050,168 | -€674,793 | -39.1% |
| Amounts receivable within one year | 40/41 | €49,102 | €26,842 | -€22,259 | -45.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €49,102 | €26,842 | -€22,259 | -45.3% |
| Current investments | 50/53 | €600,000 | €1,968,000 | +€1.4m | +228.0% |
| Cash at bank and in hand | 54/58 | €226,807 | €43,164 | -€183,643 | -81.0% |
| Total equity and liabilities | 10/49 | €3,305,016 | €3,792,321 | +€487,305 | +14.7% |
| Equity | 10/15 | €8,060 | €8,060 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,296,956 | €3,784,261 | +€487,305 | +14.8% |
| Amounts payable within one year | 42/48 | €3,295,988 | €3,784,261 | +€488,273 | +14.8% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €13,957 | €63 | -€13,894 | -99.5% |
| Suppliers | 440/4 | €13,957 | €63 | -€13,894 | -99.5% |
| Other amounts payable | 47/48 | €3,282,031 | €3,784,198 | +€502,167 | +15.3% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Other operating charges | 640/8 | €3,761 | €5,200 | +€1,439 | +38.2% |
| Gross operating margin | 9900 | €495,517 | €508,762 | +€13,245 | +2.7% |
| Operating profit (loss) | 9901 | €491,756 | €503,562 | +€11,806 | +2.4% |
| Financial income | 75/76B | €17,169 | €27,251 | +€10,082 | +58.7% |
| Recurring financial income | 75 | €17,169 | €27,251 | +€10,082 | +58.7% |
| Financial charges | 65/66B | €376,797 | €425,514 | +€48,716 | +12.9% |
| Recurring financial charges | 65 | €376,797 | €425,514 | +€48,716 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €132,128 | €105,300 | -€26,828 | -20.3% |
| Income taxes | 67/77 | €33,049 | €26,333 | -€6,716 | -20.3% |
| Profit (loss) for the period | 9904 | €99,079 | €78,967 | -€20,112 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,079 | €78,967 | -€20,112 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.