GINOVINO: what changed
GINOVINO
Largest movements
- Cash -€1,386
down €1,386 (-85.9%), from €1,614 to €228
mainly Net result for the year (-€2,667) and Advances received (-€1,536)
- Deferred charges and accrued income +€722
new in 2025: €722
- Stocks and contracts -€600
down €600 (-3.6%), from €16,800 to €16,200
- Profit (loss) carried forward -€2,667
down €2,667 (-5.8%), from -€46,241 to -€48,908
- Trade debts +€2,525
up €2,525 (+209%), from €1,208 to €3,732
- Advances received -€1,536
no longer reported in 2025 (was €1,536)
- Other debts +€542
up €542 (+1.3%), from €42,971 to €43,513
- Gross operating margin +€5,112
up €5,112 (+75.5%), from -€6,768 to -€1,656
- Financial income -€3,122
down €3,122 (-98.4%), from €3,175 to €52
- Staff costs -€1,978
down €1,978, from €1,760 to -€218
- Other operating charges +€362
up €362 (+69.8%), from €518 to €880
- Financial charges +€89
up €89 (+28.6%), from €311 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,879 | €18,743 | -€1,135 | -5.7% |
| Current assets | 29/58 | €19,879 | €18,743 | -€1,135 | -5.7% |
| Stocks and contracts in progress | 3 | €16,800 | €16,200 | -€600 | -3.6% |
| Stocks | 30/36 | €16,800 | €16,200 | -€600 | -3.6% |
| Amounts receivable within one year | 40/41 | €1,465 | €1,593 | +€128 | +8.8% |
| Other amounts receivable | 41 | €1,465 | €1,593 | +€128 | +8.8% |
| Cash at bank and in hand | 54/58 | €1,614 | €228 | -€1,386 | -85.9% |
| Deferred charges and accrued income | 490/1 | - | €722 | +€722 | |
| Total equity and liabilities | 10/49 | €19,879 | €18,743 | -€1,135 | -5.7% |
| Equity | 10/15 | -€25,836 | -€28,503 | -€2,667 | -10.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,241 | -€48,908 | -€2,667 | -5.8% |
| Amounts payable | 17/49 | €45,715 | €47,246 | +€1,531 | +3.3% |
| Amounts payable within one year | 42/48 | €45,715 | €47,246 | +€1,531 | +3.3% |
| Trade debts | 44 | €1,208 | €3,732 | +€2,525 | +209% |
| Suppliers | 440/4 | €1,208 | €3,732 | +€2,525 | +209% |
| Advances received on contracts in progress | 46 | €1,536 | - | -€1,536 | |
| Other amounts payable | 47/48 | €42,971 | €43,513 | +€542 | +1.3% |
| Remuneration, social security and pensions | 62 | €1,760 | -€218 | -€1,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | - | -€17 | |
| Other operating charges | 640/8 | €518 | €880 | +€362 | +69.8% |
| Gross operating margin | 9900 | -€6,768 | -€1,656 | +€5,112 | +75.5% |
| Operating profit (loss) | 9901 | -€9,063 | -€2,318 | +€6,745 | +74.4% |
| Financial income | 75/76B | €3,175 | €52 | -€3,122 | -98.4% |
| Recurring financial income | 75 | €3,175 | €52 | -€3,122 | -98.4% |
| Financial charges | 65/66B | €311 | €400 | +€89 | +28.6% |
| Recurring financial charges | 65 | €311 | €400 | +€89 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,200 | -€2,667 | +€3,534 | +57.0% |
| Profit (loss) for the period | 9904 | -€6,200 | -€2,667 | +€3,534 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,200 | -€2,667 | +€3,534 | +57.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.