GINGENROOTS: 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.
GINGENROOTS
Largest movements
- Receivables within one year +€91,772
up €91,772 (+138.6%), from €66,195 to €157,967
of which Trade receivables: +€83,006
- Stocks and contracts +€9,813
up €9,813 (+6.5%), from €150,000 to €159,813
- Trade debts +€143,591
up €143,591 (+127.6%), from €112,527 to €256,119
- Advances received -€64,200
down €64,200 (-76.2%), from €84,200 to €20,000
- Tax, wage and social debts +€17,410
up €17,410 (+124.8%), from €13,946 to €31,356
of which Taxes: +€10,354
- Profit (loss) carried forward +€4,292
up €4,292 (+18.6%), from €23,086 to €27,378
- Staff costs +€45,721
up €45,721 (+174.7%), from €26,169 to €71,890
- Gross operating margin +€29,146
up €29,146 (+52.7%), from €55,295 to €84,440
- Taxes -€4,253
down €4,253 (-66.5%), from €6,395 to €2,142
- Depreciation +€2,004
up €2,004 (+147.3%), from €1,361 to €3,365
- Other operating charges +€1,048
up €1,048 (+255.6%), from €410 to €1,458
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,759 | €339,852 | +€101,093 | +42.3% |
| Fixed assets | 21/28 | €15,051 | €11,686 | -€3,365 | -22.4% |
| Tangible fixed assets | 22/27 | €15,051 | €11,686 | -€3,365 | -22.4% |
| Furniture and vehicles | 24 | €14,964 | €11,683 | -€3,281 | -21.9% |
| Other tangible fixed assets | 26 | €87 | €3 | -€84 | -96.3% |
| Current assets | 29/58 | €223,708 | €328,167 | +€104,458 | +46.7% |
| Stocks and contracts in progress | 3 | €150,000 | €159,813 | +€9,813 | +6.5% |
| Stocks | 30/36 | €150,000 | €159,813 | +€9,813 | +6.5% |
| Amounts receivable within one year | 40/41 | €66,195 | €157,967 | +€91,772 | +138.6% |
| Trade receivables | 40 | €45,837 | €128,843 | +€83,006 | +181.1% |
| Other amounts receivable | 41 | €20,358 | €29,124 | +€8,767 | +43.1% |
| Cash at bank and in hand | 54/58 | €7,513 | €8,127 | +€613 | +8.2% |
| Deferred charges and accrued income | 490/1 | - | €2,259 | +€2,259 | |
| Total equity and liabilities | 10/49 | €238,759 | €339,852 | +€101,093 | +42.3% |
| Equity | 10/15 | €28,086 | €32,378 | +€4,292 | +15.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,086 | €27,378 | +€4,292 | +18.6% |
| Amounts payable | 17/49 | €210,674 | €307,475 | +€96,801 | +45.9% |
| Amounts payable within one year | 42/48 | €210,674 | €307,475 | +€96,801 | +45.9% |
| Trade debts | 44 | €112,527 | €256,119 | +€143,591 | +127.6% |
| Suppliers | 440/4 | €112,527 | €256,119 | +€143,591 | +127.6% |
| Advances received on contracts in progress | 46 | €84,200 | €20,000 | -€64,200 | -76.2% |
| Taxes, remuneration and social security | 45 | €13,946 | €31,356 | +€17,410 | +124.8% |
| Taxes | 450/3 | €9,399 | €19,753 | +€10,354 | +110.2% |
| Remuneration and social security | 454/9 | €4,547 | €11,603 | +€7,056 | +155.2% |
| Remuneration, social security and pensions | 62 | €26,169 | €71,890 | +€45,721 | +174.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,361 | €3,365 | +€2,004 | +147.3% |
| Other operating charges | 640/8 | €410 | €1,458 | +€1,048 | +255.6% |
| Gross operating margin | 9900 | €55,295 | €84,440 | +€29,146 | +52.7% |
| Operating profit (loss) | 9901 | €27,355 | €7,727 | -€19,628 | -71.8% |
| Financial income | 75/76B | €118 | €67 | -€51 | -43.1% |
| Recurring financial income | 75 | €118 | €67 | -€51 | -43.1% |
| Financial charges | 65/66B | €702 | €1,360 | +€658 | +93.8% |
| Recurring financial charges | 65 | €702 | €1,360 | +€658 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | €26,771 | €6,434 | -€20,337 | -76.0% |
| Income taxes | 67/77 | €6,395 | €2,142 | -€4,253 | -66.5% |
| Profit (loss) for the period | 9904 | €20,375 | €4,292 | -€16,083 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,375 | €4,292 | -€16,083 | -78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.