GINMA: 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.
GINMA
Largest movements
- Tangible fixed assets -€21,631
down €21,631 (-6.7%), from €322,504 to €300,873
- Receivables within one year +€4,444
up €4,444 (+25.8%), from €17,199 to €21,643
of which Trade receivables: +€4,000
- Debts after one year -€22,123
down €22,123 (-7.2%), from €308,061 to €285,937
of which Financial debts: -€17,123
- Gross operating margin -€1,941
down €1,941 (-5.0%), from €38,651 to €36,710
- Other operating charges -€1,039
down €1,039 (-35.4%), from €2,939 to €1,900
- Financial charges -€768
down €768 (-5.7%), from €13,558 to €12,790
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.
Derived cash bridge
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 | €346,935 | €326,456 | -€20,479 | -5.9% |
| Fixed assets | 21/28 | €322,504 | €300,873 | -€21,631 | -6.7% |
| Tangible fixed assets | 22/27 | €322,504 | €300,873 | -€21,631 | -6.7% |
| Land and buildings | 22 | €322,504 | €300,873 | -€21,631 | -6.7% |
| Current assets | 29/58 | €24,431 | €25,583 | +€1,152 | +4.7% |
| Amounts receivable within one year | 40/41 | €17,199 | €21,643 | +€4,444 | +25.8% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €17,199 | €17,643 | +€444 | +2.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,168 | €3,302 | +€134 | +4.2% |
| Deferred charges and accrued income | 490/1 | €4,064 | €638 | -€3,426 | -84.3% |
| Total equity and liabilities | 10/49 | €346,935 | €326,456 | -€20,479 | -5.9% |
| Equity | 10/15 | €11,304 | €11,774 | +€470 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,296 | -€6,826 | +€470 | +6.4% |
| Amounts payable | 17/49 | €335,631 | €314,682 | -€20,949 | -6.2% |
| Amounts payable after more than one year | 17 | €308,061 | €285,937 | -€22,123 | -7.2% |
| Financial debts | 170/4 | €261,061 | €243,937 | -€17,123 | -6.6% |
| Other amounts payable | 178/9 | €47,000 | €42,000 | -€5,000 | -10.6% |
| Amounts payable within one year | 42/48 | €27,570 | €28,744 | +€1,174 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €16,353 | €17,123 | +€770 | +4.7% |
| Trade debts | 44 | €5,039 | €2,878 | -€2,161 | -42.9% |
| Suppliers | 440/4 | €5,039 | €2,878 | -€2,161 | -42.9% |
| Taxes, remuneration and social security | 45 | €5,830 | €6,290 | +€460 | +7.9% |
| Taxes | 450/3 | €4,030 | €4,490 | +€460 | +11.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €348 | €2,454 | +€2,106 | +605% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,823 | €21,631 | -€192 | -0.9% |
| Other operating charges | 640/8 | €2,939 | €1,900 | -€1,039 | -35.4% |
| Gross operating margin | 9900 | €38,651 | €36,710 | -€1,941 | -5.0% |
| Operating profit (loss) | 9901 | €13,889 | €13,179 | -€711 | -5.1% |
| Financial income | 75/76B | €8 | €81 | +€73 | +931% |
| Recurring financial income | 75 | €8 | €81 | +€73 | +931% |
| Financial charges | 65/66B | €13,558 | €12,790 | -€768 | -5.7% |
| Recurring financial charges | 65 | €13,558 | €12,790 | -€768 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €339 | €470 | +€131 | +38.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €339 | €470 | +€131 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €339 | €470 | +€131 | +38.6% |
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 24 October 2026 via checked.be.