GINKGO Associates: what changed
What changed
GINKGO Associates
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€670,126
2021 · €427,428+€242,698
Equity
€2.0m
2021 · €1.3m+€637,626
Cash
€503,230
2021 · €227,684+€275,545
Balance sheet total
€2.9m
2021 · €2.2m+€697,886
Largest movements
Assets
- Tangible fixed assets +€302,518
up €302,518 (+39.5%), from €766,753 to €1.1m
of which Leasing and similar rights: +€264,140
- Financial fixed assets +€279,003
up €279,003 (+97.4%), from €286,517 to €565,520
- Cash +€275,545
up €275,545 (+121%), from €227,684 to €503,230
mainly Net result for the year (+€670,126) and Receivables within one year (+€159,240)
- Receivables within one year -€159,240
down €159,240 (-97.0%), from €164,240 to €5,000
Equity and liabilities
- Reserves +€637,626
up €637,626 (+48.6%), from €1.3m to €2.0m
- Tax, wage and social debts +€81,646
up €81,646 (+64.3%), from €127,062 to €208,708
- Debts after one year -€57,123
down €57,123 (-9.3%), from €612,741 to €555,618
Income statement
- Gross operating margin +€375,696
up €375,696 (+58.0%), from €648,175 to €1.0m
- Taxes +€116,448
up €116,448 (+61.4%), from €189,702 to €306,151
- Depreciation +€23,237
up €23,237 (+102%), from €22,718 to €45,955
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2021
€427,428
Gross operating margin
+€375,696
Depreciation
-€23,237
Other operating charges
+€465
Financial income
+€6,902
Financial charges
-€680
Taxes
-€116,448
Result 2022
€670,126
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€969,050
Investment
-€627,476
Financing
-€66,029
Cash 2021
€227,684
From operations (derived)
+€969,050
Net result for the year
+€670,126
Depreciation
+€45,955
Receivables within one year
+€159,240
Deferred charges and accrued income
-€61
Trade debts
+€6,861
Tax, wage and social debts
+€81,646
Other debts
+€2,500
Accrued charges and deferred income
+€2,783
Investment (derived)
-€627,476
Investment in fixed assets (net)
-€627,476
Financing
-€66,029
Debts after one year
-€57,123
Current portion of long-term debt
+€128
Short-term financial debts
+€23,465
Contributions, distributions and other
-€32,500
Cash 2022
€503,230
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,167,665 | €2,865,551 | +€697,886 | +32.2% |
| Fixed assets | 21/28 | €1,053,270 | €1,634,791 | +€581,521 | +55.2% |
| Tangible fixed assets | 22/27 | €766,753 | €1,069,271 | +€302,518 | +39.5% |
| Land and buildings | 22 | €588,775 | €569,225 | -€19,550 | -3.3% |
| Furniture and vehicles | 24 | €177,978 | €235,906 | +€57,928 | +32.5% |
| Leasing and similar rights | 25 | - | €264,140 | +€264,140 | |
| Financial fixed assets | 28 | €286,517 | €565,520 | +€279,003 | +97.4% |
| Current assets | 29/58 | €1,114,394 | €1,230,760 | +€116,366 | +10.4% |
| Amounts receivable after more than one year | 29 | €639,936 | €639,936 | = | 0.0% |
| Other amounts receivable | 291 | €639,936 | €639,936 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €164,240 | €5,000 | -€159,240 | -97.0% |
| Trade receivables | 40 | €164,240 | €5,000 | -€159,240 | -97.0% |
| Current investments | 50/53 | €81,593 | €81,593 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €227,684 | €503,230 | +€275,545 | +121% |
| Deferred charges and accrued income | 490/1 | €941 | €1,002 | +€61 | +6.4% |
| Total equity and liabilities | 10/49 | €2,167,665 | €2,865,551 | +€697,886 | +32.2% |
| Equity | 10/15 | €1,318,632 | €1,956,258 | +€637,626 | +48.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,312,432 | €1,950,058 | +€637,626 | +48.6% |
| Distributable reserves | 133 | €1,312,432 | €1,950,058 | +€637,626 | +48.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €849,032 | €909,293 | +€60,260 | +7.1% |
| Amounts payable after more than one year | 17 | €612,741 | €555,618 | -€57,123 | -9.3% |
| Financial debts | 170/4 | €612,741 | €555,618 | -€57,123 | -9.3% |
| Amounts payable within one year | 42/48 | €236,291 | €350,892 | +€114,601 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €56,994 | €57,123 | +€128 | +0.2% |
| Financial debts | 43 | €43,573 | €67,038 | +€23,465 | +53.9% |
| Credit institutions | 430/8 | €43,573 | €67,038 | +€23,465 | +53.9% |
| Trade debts | 44 | €8,602 | €15,463 | +€6,861 | +79.8% |
| Suppliers | 440/4 | €8,602 | €15,463 | +€6,861 | +79.8% |
| Taxes, remuneration and social security | 45 | €127,062 | €208,708 | +€81,646 | +64.3% |
| Taxes | 450/3 | €127,062 | €208,708 | +€81,646 | +64.3% |
| Other amounts payable | 47/48 | €60 | €2,560 | +€2,500 | +4,167% |
| Accrued charges and deferred income | 492/3 | - | €2,783 | +€2,783 | |
| Non-recurring operating income | 76A | €30,091 | €0 | -€30,091 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,718 | €45,955 | +€23,237 | +102% |
| Other operating charges | 640/8 | €4,739 | €4,275 | -€465 | -9.8% |
| Gross operating margin | 9900 | €648,175 | €1,023,871 | +€375,696 | +58.0% |
| Operating profit (loss) | 9901 | €620,718 | €973,642 | +€352,924 | +56.9% |
| Financial income | 75/76B | €5,063 | €11,965 | +€6,902 | +136% |
| Recurring financial income | 75 | €5,063 | €11,965 | +€6,902 | +136% |
| Financial charges | 65/66B | €8,650 | €9,329 | +€680 | +7.9% |
| Recurring financial charges | 65 | €8,650 | €9,329 | +€680 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €617,131 | €976,277 | +€359,146 | +58.2% |
| Income taxes | 67/77 | €189,702 | €306,151 | +€116,448 | +61.4% |
| Profit (loss) for the period | 9904 | €427,428 | €670,126 | +€242,698 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €427,428 | €670,126 | +€242,698 | +56.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.