GINGER: 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.
GINGER
Largest movements
- Receivables within one year -€27,203
down €27,203 (-56.5%), from €48,127 to €20,924
of which Trade receivables: -€37,007
- Cash +€13,014
new in 2024: €13,014
mainly Net result for the year (+€34,321) and Receivables within one year (+€27,203)
- Deferred charges and accrued income +€8,183
new in 2024: €8,183
- Other debts -€56,077
down €56,077 (-69.6%), from €80,583 to €24,505
- Debts after one year -€38,351
down €38,351 (-12.6%), from €305,504 to €267,154
- Profit (loss) carried forward +€34,321
up €34,321, from -€9,824 to €24,497
- Trade debts +€21,449
up €21,449 (+310.4%), from €6,910 to €28,359
- Current portion of long-term debt +€19,579
up €19,579 (+79.9%), from €24,493 to €44,073
- Depreciation -€65,330
down €65,330 (-83.1%), from €78,584 to €13,254
- Gross operating margin +€10,934
up €10,934 (+13.7%), from €79,968 to €90,902
- Other operating charges +€4,427
up €4,427 (+38.5%), from €11,492 to €15,919
- Taxes +€3,064
up €3,064 (+2330.0%), from €132 to €3,196
- Financial charges +€1,224
up €1,224 (+6.6%), from €18,595 to €19,819
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 | €592,320 | €582,565 | -€9,755 | -1.6% |
| Fixed assets | 21/28 | €544,193 | €540,444 | -€3,749 | -0.7% |
| Tangible fixed assets | 22/27 | €544,193 | €540,444 | -€3,749 | -0.7% |
| Land and buildings | 22 | €538,480 | €528,755 | -€9,726 | -1.8% |
| Plant, machinery and equipment | 23 | €5,444 | €11,689 | +€6,245 | +114.7% |
| Furniture and vehicles | 24 | €269 | - | -€269 | |
| Current assets | 29/58 | €48,127 | €42,121 | -€6,006 | -12.5% |
| Amounts receivable within one year | 40/41 | €48,127 | €20,924 | -€27,203 | -56.5% |
| Trade receivables | 40 | €48,127 | €11,120 | -€37,007 | -76.9% |
| Other amounts receivable | 41 | - | €9,804 | +€9,804 | |
| Cash at bank and in hand | 54/58 | - | €13,014 | +€13,014 | |
| Deferred charges and accrued income | 490/1 | - | €8,183 | +€8,183 | |
| Total equity and liabilities | 10/49 | €592,320 | €582,565 | -€9,755 | -1.6% |
| Equity | 10/15 | €127,106 | €161,427 | +€34,321 | +27.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €118,337 | €118,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €116,478 | €116,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,824 | €24,497 | +€34,321 | |
| Amounts payable | 17/49 | €465,215 | €421,138 | -€44,076 | -9.5% |
| Amounts payable after more than one year | 17 | €305,504 | €267,154 | -€38,351 | -12.6% |
| Financial debts | 170/4 | €305,504 | €267,154 | -€38,351 | -12.6% |
| Amounts payable within one year | 42/48 | €159,710 | €153,029 | -€6,681 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €24,493 | €44,073 | +€19,579 | +79.9% |
| Financial debts | 43 | €9,676 | €12,649 | +€2,973 | +30.7% |
| Credit institutions | 430/8 | - | €12,649 | +€12,649 | |
| Other loans | 439 | €9,676 | - | -€9,676 | |
| Trade debts | 44 | €6,910 | €28,359 | +€21,449 | +310.4% |
| Suppliers | 440/4 | €6,910 | €28,359 | +€21,449 | +310.4% |
| Taxes, remuneration and social security | 45 | €38,048 | €43,443 | +€5,395 | +14.2% |
| Taxes | 450/3 | €38,048 | €43,443 | +€5,395 | +14.2% |
| Other amounts payable | 47/48 | €80,583 | €24,505 | -€56,077 | -69.6% |
| Accrued charges and deferred income | 492/3 | - | €956 | +€956 | |
| Remuneration, social security and pensions | 62 | €143 | €146 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,584 | €13,254 | -€65,330 | -83.1% |
| Other operating charges | 640/8 | €11,492 | €15,919 | +€4,427 | +38.5% |
| Non-recurring operating charges | 66A | €380 | €4,266 | +€3,886 | +1022.7% |
| Gross operating margin | 9900 | €79,968 | €90,902 | +€10,934 | +13.7% |
| Operating profit (loss) | 9901 | -€10,632 | €57,317 | +€67,948 | |
| Financial income | 75/76B | €3 | €19 | +€16 | +490.5% |
| Recurring financial income | 75 | €3 | €19 | +€16 | +490.5% |
| Financial charges | 65/66B | €18,595 | €19,819 | +€1,224 | +6.6% |
| Recurring financial charges | 65 | €18,595 | €19,819 | +€1,224 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,223 | €37,517 | +€66,740 | |
| Income taxes | 67/77 | €132 | €3,196 | +€3,064 | +2330.0% |
| Profit (loss) for the period | 9904 | -€29,354 | €34,321 | +€63,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,354 | €34,321 | +€63,675 |
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 3 October 2026 via checked.be.