Ginion Classics: 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.
Ginion Classics
Largest movements
- Receivables within one year +€3.3m
up €3.3m (+362.9%), from €902,681 to €4.2m
of which Trade receivables: +€4.1m
- Stocks and contracts -€1.4m
down €1.4m (-13.7%), from €10.3m to €8.9m
- Trade debts +€1.8m
up €1.8m (+6233.1%), from €28,198 to €1.8m
- Other debts +€154,936
up €154,936 (+2.1%), from €7.5m to €7.6m
- Turnover +€2.8m
up €2.8m (+113.0%), from €2.5m to €5.3m
- Purchases and services +€1.9m
up €1.9m (+58.6%), from €3.2m to €5.1m
- Gross operating margin +€936,875
up €936,875, from -€697,506 to €239,369
- Financial income -€695,398
no longer reported in 2025 (was €695,398)
of which Non-recurring financial income: -€695,395
- Write-downs +€401,151
up €401,151, from -€356,151 to €45,000
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 | €11,398,206 | €13,220,196 | +€1.8m | +16.0% |
| Fixed assets | 21/28 | €179,671 | €119,671 | -€60,000 | -33.4% |
| Intangible fixed assets | 21 | €179,671 | €119,671 | -€60,000 | -33.4% |
| Current assets | 29/58 | €11,218,534 | €13,100,525 | +€1.9m | +16.8% |
| Stocks and contracts in progress | 3 | €10,288,435 | €8,880,080 | -€1.4m | -13.7% |
| Stocks | 30/36 | €10,288,435 | €8,880,080 | -€1.4m | -13.7% |
| Amounts receivable within one year | 40/41 | €902,681 | €4,178,583 | +€3.3m | +362.9% |
| Trade receivables | 40 | €1,988 | €4,126,273 | +€4.1m | +207418.3% |
| Other amounts receivable | 41 | €900,693 | €52,310 | -€848,383 | -94.2% |
| Cash at bank and in hand | 54/58 | €16,812 | €30,105 | +€13,293 | +79.1% |
| Deferred charges and accrued income | 490/1 | €10,606 | €11,757 | +€1,151 | +10.9% |
| Total equity and liabilities | 10/49 | €11,398,206 | €13,220,196 | +€1.8m | +16.0% |
| Equity | 10/15 | €874,867 | €791,566 | -€83,301 | -9.5% |
| Contributions | 10/11 | €187,000 | €187,000 | = | 0.0% |
| Capital | 10 | €187,000 | €187,000 | = | 0.0% |
| Issued capital | 100 | €187,000 | €187,000 | = | 0.0% |
| Reserves | 13 | €58,051 | €58,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,700 | €18,700 | = | 0.0% |
| Legal reserve | 130 | €18,700 | €18,700 | = | 0.0% |
| Distributable reserves | 133 | €39,351 | €39,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €629,817 | €546,515 | -€83,301 | -13.2% |
| Amounts payable | 17/49 | €10,523,338 | €12,428,629 | +€1.9m | +18.1% |
| Amounts payable within one year | 42/48 | €10,523,338 | €12,422,721 | +€1.9m | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €13,159 | - | -€13,159 | |
| Financial debts | 43 | €3,000,000 | €3,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,000,000 | €3,000,000 | = | 0.0% |
| Trade debts | 44 | €28,198 | €1,785,804 | +€1.8m | +6233.1% |
| Suppliers | 440/4 | €28,198 | €1,785,804 | +€1.8m | +6233.1% |
| Other amounts payable | 47/48 | €7,481,981 | €7,636,917 | +€154,936 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €5,909 | +€5,909 | |
| Turnover | 70 | €2,477,177 | €5,276,430 | +€2.8m | +113.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,192,443 | €5,063,862 | +€1.9m | +58.6% |
| Remuneration, social security and pensions | 62 | €2,620 | - | -€2,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,000 | €60,000 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€356,151 | €45,000 | +€401,151 | |
| Other operating charges | 640/8 | €16,860 | €15,339 | -€1,521 | -9.0% |
| Gross operating margin | 9900 | -€697,506 | €239,369 | +€936,875 | |
| Operating profit (loss) | 9901 | -€420,836 | €119,030 | +€539,865 | |
| Financial income | 75/76B | €695,398 | - | -€695,398 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Non-recurring financial income | 76B | €695,395 | - | -€695,395 | |
| Financial charges | 65/66B | €262,719 | €202,331 | -€60,388 | -23.0% |
| Recurring financial charges | 65 | €252,657 | €202,194 | -€50,463 | -20.0% |
| Non-recurring financial charges | 66B | €10,063 | €137 | -€9,925 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €11,844 | -€83,301 | -€95,145 | |
| Profit (loss) for the period | 9904 | €11,844 | -€83,301 | -€95,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,844 | -€83,301 | -€95,145 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.