GINKO: 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.
GINKO
Largest movements
- Tangible fixed assets -€12,436
down €12,436 (-96.6%), from €12,870 to €433
of which Other tangible fixed assets: -€12,148
- Deferred charges and accrued income -€9,213
no longer reported in 2025 (was €9,213)
- Receivables within one year -€4,120
down €4,120 (-99.3%), from €4,149 to €29
of which Other amounts receivable: -€3,837
- Cash -€2,776
down €2,776 (-95.9%), from €2,893 to €117
mainly Net result for the year (-€19,071) and Debts after one year (-€12,329)
- Profit (loss) carried forward -€19,071
down €19,071 (-173.8%), from -€10,975 to -€30,046
- Debts after one year -€12,329
no longer reported in 2025 (was €12,329)
- Other debts +€8,771
up €8,771 (+141.7%), from €6,190 to €14,962
- Current portion of long-term debt -€4,747
down €4,747 (-79.5%), from €5,968 to €1,221
- Short-term financial debts +€2,046
new in 2025: €2,046
- Gross operating margin -€7,699
down €7,699 (-337.2%), from -€2,284 to -€9,983
- Depreciation -€4,049
down €4,049 (-93.4%), from €4,338 to €288
- Financial charges -€762
down €762 (-40.9%), from €1,865 to €1,103
- Taxes -€174
down €174, from €161 to -€13
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 | €29,125 | €580 | -€28,545 | -98.0% |
| Fixed assets | 21/28 | €12,870 | €433 | -€12,436 | -96.6% |
| Tangible fixed assets | 22/27 | €12,870 | €433 | -€12,436 | -96.6% |
| Furniture and vehicles | 24 | €721 | €433 | -€288 | -39.9% |
| Other tangible fixed assets | 26 | €12,148 | - | -€12,148 | |
| Current assets | 29/58 | €16,255 | €147 | -€16,109 | -99.1% |
| Amounts receivable within one year | 40/41 | €4,149 | €29 | -€4,120 | -99.3% |
| Trade receivables | 40 | €282 | - | -€282 | |
| Other amounts receivable | 41 | €3,867 | €29 | -€3,837 | -99.2% |
| Cash at bank and in hand | 54/58 | €2,893 | €117 | -€2,776 | -95.9% |
| Deferred charges and accrued income | 490/1 | €9,213 | - | -€9,213 | |
| Total equity and liabilities | 10/49 | €29,125 | €580 | -€28,545 | -98.0% |
| Equity | 10/15 | €995 | -€18,076 | -€19,071 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,770 | €5,770 | = | 0.0% |
| Distributable reserves | 133 | €5,770 | €5,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,975 | -€30,046 | -€19,071 | -173.8% |
| Amounts payable | 17/49 | €28,130 | €18,656 | -€9,475 | -33.7% |
| Amounts payable after more than one year | 17 | €12,329 | - | -€12,329 | |
| Financial debts | 170/4 | €12,329 | - | -€12,329 | |
| Amounts payable within one year | 42/48 | €15,802 | €18,656 | +€2,854 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €5,968 | €1,221 | -€4,747 | -79.5% |
| Financial debts | 43 | - | €2,046 | +€2,046 | |
| Credit institutions | 430/8 | - | €2,046 | +€2,046 | |
| Trade debts | 44 | €2,159 | €426 | -€1,733 | -80.3% |
| Suppliers | 440/4 | €2,159 | €426 | -€1,733 | -80.3% |
| Taxes, remuneration and social security | 45 | €1,485 | - | -€1,485 | |
| Taxes | 450/3 | €1,485 | - | -€1,485 | |
| Other amounts payable | 47/48 | €6,190 | €14,962 | +€8,771 | +141.7% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,338 | €288 | -€4,049 | -93.4% |
| Other operating charges | 640/8 | €551 | €562 | +€12 | +2.1% |
| Non-recurring operating charges | 66A | - | €7,148 | +€7,148 | |
| Gross operating margin | 9900 | -€2,284 | -€9,983 | -€7,699 | -337.2% |
| Operating profit (loss) | 9901 | -€7,172 | -€17,982 | -€10,810 | -150.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,865 | €1,103 | -€762 | -40.9% |
| Recurring financial charges | 65 | €1,865 | €1,103 | -€762 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,037 | -€19,084 | -€10,047 | -111.2% |
| Income taxes | 67/77 | €161 | -€13 | -€174 | |
| Profit (loss) for the period | 9904 | -€9,198 | -€19,071 | -€9,873 | -107.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,198 | -€19,071 | -€9,873 | -107.3% |
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.