GINN: 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.
GINN
Largest movements
- Receivables within one year +€40,731
up €40,731 (+108%), from €37,631 to €78,362
of which Trade receivables: +€40,817
- Cash +€23,418
up €23,418 (+50.8%), from €46,099 to €69,517
mainly Net result for the year (+€71,321) and Tax, wage and social debts (+€8,057)
- Profit (loss) carried forward +€71,322
up €71,322 (+161%), from €44,430 to €115,752
- Trade debts -€13,756
no longer reported in 2025 (was €13,756)
- Tax, wage and social debts +€8,057
new in 2025: €8,057
of which Taxes: +€7,076
- Gross operating margin +€39,859
up €39,859 (+68.4%), from €58,312 to €98,171
- Taxes +€6,900
up €6,900 (+57.5%), from €12,000 to €18,900
- Staff costs +€5,763
new in 2025: €5,763
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 | €91,234 | €156,914 | +€65,680 | +72.0% |
| Fixed assets | 21/28 | €7,504 | €9,035 | +€1,531 | +20.4% |
| Tangible fixed assets | 22/27 | €3,604 | €5,135 | +€1,531 | +42.5% |
| Furniture and vehicles | 24 | €3,604 | €5,135 | +€1,531 | +42.5% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €83,730 | €147,879 | +€64,149 | +76.6% |
| Amounts receivable within one year | 40/41 | €37,631 | €78,362 | +€40,731 | +108% |
| Trade receivables | 40 | €31,890 | €72,707 | +€40,817 | +128% |
| Other amounts receivable | 41 | €5,741 | €5,655 | -€86 | -1.5% |
| Cash at bank and in hand | 54/58 | €46,099 | €69,517 | +€23,418 | +50.8% |
| Total equity and liabilities | 10/49 | €91,234 | €156,914 | +€65,680 | +72.0% |
| Equity | 10/15 | €54,430 | €125,752 | +€71,322 | +131% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,430 | €115,752 | +€71,322 | +161% |
| Amounts payable | 17/49 | €36,804 | €31,162 | -€5,642 | -15.3% |
| Amounts payable within one year | 42/48 | €36,804 | €31,162 | -€5,642 | -15.3% |
| Trade debts | 44 | €13,756 | - | -€13,756 | |
| Suppliers | 440/4 | €13,756 | - | -€13,756 | |
| Taxes, remuneration and social security | 45 | - | €8,057 | +€8,057 | |
| Taxes | 450/3 | - | €7,076 | +€7,076 | |
| Remuneration and social security | 454/9 | - | €981 | +€981 | |
| Other amounts payable | 47/48 | €23,048 | €23,105 | +€57 | +0.2% |
| Remuneration, social security and pensions | 62 | - | €5,763 | +€5,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €989 | +€19 | +2.0% |
| Other operating charges | 640/8 | €859 | €1,150 | +€291 | +33.9% |
| Gross operating margin | 9900 | €58,312 | €98,171 | +€39,859 | +68.4% |
| Operating profit (loss) | 9901 | €56,483 | €90,269 | +€33,786 | +59.8% |
| Financial charges | 65/66B | €53 | €48 | -€5 | -9.4% |
| Recurring financial charges | 65 | €53 | €48 | -€5 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €56,430 | €90,221 | +€33,791 | +59.9% |
| Income taxes | 67/77 | €12,000 | €18,900 | +€6,900 | +57.5% |
| Profit (loss) for the period | 9904 | €44,430 | €71,321 | +€26,891 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,430 | €71,321 | +€26,891 | +60.5% |
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 21 October 2026 via checked.be.