Ginger & 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 & Ginger
Largest movements
- Intangible fixed assets +€99,305
up €99,305 (+670.3%), from €14,816 to €114,121
- Tangible fixed assets +€80,895
up €80,895 (+90.7%), from €89,170 to €170,066
of which Furniture and vehicles: +€46,971
- Receivables within one year +€63,674
up €63,674 (+69.3%), from €91,849 to €155,523
of which Trade receivables: +€58,282
- Stocks and contracts +€28,102
up €28,102 (+30.2%), from €93,205 to €121,307
- Trade debts +€115,967
up €115,967 (+107.7%), from €107,630 to €223,597
- Debts after one year +€81,150
up €81,150 (+220.5%), from €36,800 to €117,950
- Other debts +€29,256
up €29,256 (+71.0%), from €41,225 to €70,481
- Tax, wage and social debts +€17,435
up €17,435 (+40.5%), from €43,058 to €60,493
of which Remuneration and social security: +€10,707
- Reserves +€17,166
up €17,166 (+20.2%), from €85,018 to €102,184
- Gross operating margin +€136,355
up €136,355 (+45.1%), from €302,668 to €439,024
- Staff costs +€67,643
up €67,643 (+38.1%), from €177,645 to €245,288
- Depreciation +€20,193
up €20,193 (+35.3%), from €57,247 to €77,440
- Taxes +€7,928
up €7,928 (+123.0%), from €6,444 to €14,372
- Other operating charges +€5,307
up €5,307 (+66.3%), from €8,005 to €13,313
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 | €376,266 | €637,702 | +€261,436 | +69.5% |
| Fixed assets | 21/28 | €108,036 | €289,196 | +€181,159 | +167.7% |
| Intangible fixed assets | 21 | €14,816 | €114,121 | +€99,305 | +670.3% |
| Tangible fixed assets | 22/27 | €89,170 | €170,066 | +€80,895 | +90.7% |
| Land and buildings | 22 | €14,574 | €10,014 | -€4,560 | -31.3% |
| Plant, machinery and equipment | 23 | €32,235 | €70,720 | +€38,484 | +119.4% |
| Furniture and vehicles | 24 | €42,361 | €89,332 | +€46,971 | +110.9% |
| Financial fixed assets | 28 | €4,050 | €5,009 | +€959 | +23.7% |
| Current assets | 29/58 | €268,230 | €348,506 | +€80,276 | +29.9% |
| Stocks and contracts in progress | 3 | €93,205 | €121,307 | +€28,102 | +30.2% |
| Stocks | 30/36 | €93,205 | €121,307 | +€28,102 | +30.2% |
| Amounts receivable within one year | 40/41 | €91,849 | €155,523 | +€63,674 | +69.3% |
| Trade receivables | 40 | €79,762 | €138,044 | +€58,282 | +73.1% |
| Other amounts receivable | 41 | €12,087 | €17,479 | +€5,392 | +44.6% |
| Cash at bank and in hand | 54/58 | €71,188 | €64,913 | -€6,275 | -8.8% |
| Deferred charges and accrued income | 490/1 | €11,988 | €6,763 | -€5,226 | -43.6% |
| Total equity and liabilities | 10/49 | €376,266 | €637,702 | +€261,436 | +69.5% |
| Equity | 10/15 | €102,276 | €119,442 | +€17,166 | +16.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,018 | €102,184 | +€17,166 | +20.2% |
| Distributable reserves | 133 | €85,018 | €102,184 | +€17,166 | +20.2% |
| Profit (loss) carried forward | 14 | €12,258 | €12,258 | = | 0.0% |
| Amounts payable | 17/49 | €273,990 | €518,260 | +€244,270 | +89.2% |
| Amounts payable after more than one year | 17 | €36,800 | €117,950 | +€81,150 | +220.5% |
| Financial debts | 170/4 | €36,800 | €117,950 | +€81,150 | +220.5% |
| Amounts payable within one year | 42/48 | €233,990 | €400,213 | +€166,224 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €32,558 | €45,642 | +€13,084 | +40.2% |
| Trade debts | 44 | €107,630 | €223,597 | +€115,967 | +107.7% |
| Suppliers | 440/4 | €107,630 | €223,597 | +€115,967 | +107.7% |
| Advances received on contracts in progress | 46 | €9,518 | - | -€9,518 | |
| Taxes, remuneration and social security | 45 | €43,058 | €60,493 | +€17,435 | +40.5% |
| Taxes | 450/3 | €12,182 | €18,910 | +€6,728 | +55.2% |
| Remuneration and social security | 454/9 | €30,876 | €41,583 | +€10,707 | +34.7% |
| Other amounts payable | 47/48 | €41,225 | €70,481 | +€29,256 | +71.0% |
| Accrued charges and deferred income | 492/3 | €3,200 | €96 | -€3,104 | -97.0% |
| Remuneration, social security and pensions | 62 | €177,645 | €245,288 | +€67,643 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,247 | €77,440 | +€20,193 | +35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €719 | - | -€719 | |
| Other operating charges | 640/8 | €8,005 | €13,313 | +€5,307 | +66.3% |
| Non-recurring operating charges | 66A | €70 | €3,111 | +€3,042 | +4376.5% |
| Gross operating margin | 9900 | €302,668 | €439,024 | +€136,355 | +45.1% |
| Operating profit (loss) | 9901 | €58,982 | €99,872 | +€40,890 | +69.3% |
| Financial income | 75/76B | €367 | €290 | -€77 | -21.0% |
| Recurring financial income | 75 | €367 | €290 | -€77 | -21.0% |
| Financial charges | 65/66B | €6,195 | €5,548 | -€647 | -10.4% |
| Recurring financial charges | 65 | €6,195 | €5,548 | -€647 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €53,154 | €94,613 | +€41,460 | +78.0% |
| Income taxes | 67/77 | €6,444 | €14,372 | +€7,928 | +123.0% |
| Profit (loss) for the period | 9904 | €46,709 | €80,241 | +€33,532 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,709 | €80,241 | +€33,532 | +71.8% |
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 7 October 2026 via checked.be.