GING: 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.
GING
Largest movements
- Receivables within one year +€25,670
up €25,670 (+555.2%), from €4,624 to €30,293
of which Trade receivables: +€13,852
- Tangible fixed assets +€21,195
up €21,195 (+122.5%), from €17,303 to €38,498
- Cash +€14,481
up €14,481 (+31.3%), from €46,249 to €60,730
mainly Trade debts (+€50,944) and Tax, wage and social debts (+€14,944)
- Trade debts +€50,944
up €50,944 (+11377.9%), from €448 to €51,392
- Tax, wage and social debts +€14,944
up €14,944 (+69.6%), from €21,458 to €36,402
of which Taxes: +€13,651
- Profit (loss) carried forward -€4,543
down €4,543 (-14.9%), from €30,545 to €26,002
- Purchases and services +€144,583
up €144,583 (+78.9%), from €183,192 to €327,775
- Turnover +€141,862
up €141,862 (+59.4%), from €238,690 to €380,552
- Financial charges +€11,518
up €11,518 (+431.4%), from €2,670 to €14,188
of which Non-recurring financial charges: +€11,503
- Staff costs +€8,550
up €8,550 (+43.8%), from €19,515 to €28,065
- Depreciation +€8,169
up €8,169 (+285.8%), from €2,859 to €11,028
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,476 | €131,821 | +€61,345 | +87.0% |
| Fixed assets | 21/28 | €19,603 | €40,798 | +€21,195 | +108.1% |
| Tangible fixed assets | 22/27 | €17,303 | €38,498 | +€21,195 | +122.5% |
| Furniture and vehicles | 24 | €17,303 | €38,498 | +€21,195 | +122.5% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €50,873 | €91,024 | +€40,150 | +78.9% |
| Amounts receivable within one year | 40/41 | €4,624 | €30,293 | +€25,670 | +555.2% |
| Trade receivables | 40 | - | €13,852 | +€13,852 | |
| Other amounts receivable | 41 | €4,624 | €16,442 | +€11,818 | +255.6% |
| Cash at bank and in hand | 54/58 | €46,249 | €60,730 | +€14,481 | +31.3% |
| Total equity and liabilities | 10/49 | €70,476 | €131,821 | +€61,345 | +87.0% |
| Equity | 10/15 | €45,545 | €41,002 | -€4,543 | -10.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,545 | €26,002 | -€4,543 | -14.9% |
| Amounts payable | 17/49 | €24,931 | €90,819 | +€65,888 | +264.3% |
| Amounts payable within one year | 42/48 | €24,931 | €90,819 | +€65,888 | +264.3% |
| Trade debts | 44 | €448 | €51,392 | +€50,944 | +11377.9% |
| Suppliers | 440/4 | €448 | €51,392 | +€50,944 | +11377.9% |
| Advances received on contracts in progress | 46 | €3,025 | €3,025 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,458 | €36,402 | +€14,944 | +69.6% |
| Taxes | 450/3 | €16,236 | €29,887 | +€13,651 | +84.1% |
| Remuneration and social security | 454/9 | €5,222 | €6,515 | +€1,293 | +24.8% |
| Turnover | 70 | €238,690 | €380,552 | +€141,862 | +59.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €183,192 | €327,775 | +€144,583 | +78.9% |
| Remuneration, social security and pensions | 62 | €19,515 | €28,065 | +€8,550 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,859 | €11,028 | +€8,169 | +285.8% |
| Other operating charges | 640/8 | - | €4,787 | +€4,787 | |
| Gross operating margin | 9900 | €55,498 | €52,777 | -€2,721 | -4.9% |
| Operating profit (loss) | 9901 | €33,125 | €8,897 | -€24,227 | -73.1% |
| Financial income | 75/76B | €90 | €748 | +€658 | +730.9% |
| Recurring financial income | 75 | €90 | €747 | +€657 | +729.5% |
| Non-recurring financial income | 76B | €90 | €1 | -€89 | -98.6% |
| Financial charges | 65/66B | €2,670 | €14,188 | +€11,518 | +431.4% |
| Recurring financial charges | 65 | €67 | €81 | +€15 | +21.9% |
| Non-recurring financial charges | 66B | €2,603 | €14,107 | +€11,503 | +441.9% |
| Profit (loss) for the period before taxes | 9903 | €30,545 | -€4,543 | -€35,088 | |
| Profit (loss) for the period | 9904 | €30,545 | -€4,543 | -€35,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,545 | -€4,543 | -€35,088 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.