GINIHAIR: what changed
Two financial 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.
GINIHAIR
Largest movements
- Cash -€7,419
down €7,419 (-72.9%), from €10,176 to €2,757
mainly Net result for the year (-€3,489) and Tax, wage and social debts (-€2,417)
- Reserves -€3,489
down €3,489 (-1.9%), from €183,056 to €179,567
of which Distributable reserves: -€3,489
- Gross operating margin +€15,092
up €15,092 (+28.7%), from €52,498 to €67,590
- Staff costs +€5,794
up €5,794 (+9.4%), from €61,804 to €67,598
- Financial charges -€1,613
down €1,613 (-37.2%), from €4,335 to €2,722
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 | €261,353 | €256,283 | -€5,070 | -1.9% |
| Fixed assets | 21/28 | €1,309 | €719 | -€591 | -45.1% |
| Tangible fixed assets | 22/27 | €1,309 | €719 | -€591 | -45.1% |
| Land and buildings | 22 | €958 | €719 | -€240 | -25.0% |
| Furniture and vehicles | 24 | €351 | - | -€351 | |
| Current assets | 29/58 | €260,043 | €255,564 | -€4,479 | -1.7% |
| Amounts receivable after more than one year | 29 | €78,030 | €80,293 | +€2,263 | +2.9% |
| Other amounts receivable | 291 | €78,030 | €80,293 | +€2,263 | +2.9% |
| Stocks and contracts in progress | 3 | €3,522 | €5,035 | +€1,513 | +43.0% |
| Stocks | 30/36 | €3,522 | €5,035 | +€1,513 | +43.0% |
| Amounts receivable within one year | 40/41 | €166,912 | €167,479 | +€567 | +0.3% |
| Trade receivables | 40 | €9,912 | €4,045 | -€5,867 | -59.2% |
| Other amounts receivable | 41 | €157,001 | €163,434 | +€6,434 | +4.1% |
| Cash at bank and in hand | 54/58 | €10,176 | €2,757 | -€7,419 | -72.9% |
| Deferred charges and accrued income | 490/1 | €1,403 | - | -€1,403 | |
| Total equity and liabilities | 10/49 | €261,353 | €256,283 | -€5,070 | -1.9% |
| Equity | 10/15 | €201,656 | €198,167 | -€3,489 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,056 | €179,567 | -€3,489 | -1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €181,196 | €177,707 | -€3,489 | -1.9% |
| Amounts payable | 17/49 | €59,697 | €58,116 | -€1,581 | -2.6% |
| Amounts payable within one year | 42/48 | €59,697 | €58,116 | -€1,581 | -2.6% |
| Trade debts | 44 | €30,462 | €31,564 | +€1,102 | +3.6% |
| Suppliers | 440/4 | €30,462 | €31,564 | +€1,102 | +3.6% |
| Taxes, remuneration and social security | 45 | €27,875 | €25,458 | -€2,417 | -8.7% |
| Taxes | 450/3 | €17,381 | €9,816 | -€7,565 | -43.5% |
| Remuneration and social security | 454/9 | €10,494 | €15,642 | +€5,149 | +49.1% |
| Other amounts payable | 47/48 | €1,360 | €1,094 | -€266 | -19.6% |
| Remuneration, social security and pensions | 62 | €61,804 | €67,598 | +€5,794 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €591 | €591 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,244 | €2,341 | +€97 | +4.3% |
| Gross operating margin | 9900 | €52,498 | €67,590 | +€15,092 | +28.7% |
| Operating profit (loss) | 9901 | -€12,140 | -€2,939 | +€9,201 | +75.8% |
| Financial income | 75/76B | €2,364 | €2,315 | -€49 | -2.1% |
| Recurring financial income | 75 | €2,364 | €2,315 | -€49 | -2.1% |
| Financial charges | 65/66B | €4,335 | €2,722 | -€1,613 | -37.2% |
| Recurring financial charges | 65 | €4,335 | €2,722 | -€1,613 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,111 | -€3,346 | +€10,765 | +76.3% |
| Income taxes | 67/77 | €143 | €143 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€14,254 | -€3,489 | +€10,765 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,254 | -€3,489 | +€10,765 | +75.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.