GINOVIV: 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.
GINOVIV
Largest movements
- Cash +€9,723
up €9,723 (+20.2%), from €48,147 to €57,870
mainly Net result for the year (+€19,127)
- Receivables within one year +€8,076
up €8,076 (+15.9%), from €50,928 to €59,003
of which Other amounts receivable: +€10,703
- Reserves +€18,000
up €18,000 (+17.1%), from €105,465 to €123,465
of which Distributable reserves: +€18,000
- Gross operating margin +€11,997
up €11,997 (+82.6%), from €14,527 to €26,524
- Taxes +€3,843
up €3,843 (+72.8%), from €5,280 to €9,123
- Financial income +€365
up €365 (+14.8%), from €2,473 to €2,839
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 | €165,735 | €183,533 | +€17,798 | +10.7% |
| Current assets | 29/58 | €165,735 | €183,533 | +€17,798 | +10.7% |
| Amounts receivable after more than one year | 29 | €66,660 | €66,660 | = | 0.0% |
| Other amounts receivable | 291 | €66,660 | €66,660 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,928 | €59,003 | +€8,076 | +15.9% |
| Trade receivables | 40 | €6,942 | €4,314 | -€2,628 | -37.9% |
| Other amounts receivable | 41 | €43,986 | €54,689 | +€10,703 | +24.3% |
| Cash at bank and in hand | 54/58 | €48,147 | €57,870 | +€9,723 | +20.2% |
| Total equity and liabilities | 10/49 | €165,735 | €183,533 | +€17,798 | +10.7% |
| Equity | 10/15 | €162,601 | €181,728 | +€19,127 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,465 | €123,465 | +€18,000 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,605 | €121,605 | +€18,000 | +17.4% |
| Profit (loss) carried forward | 14 | €38,536 | €39,663 | +€1,127 | +2.9% |
| Amounts payable | 17/49 | €3,134 | €1,805 | -€1,329 | -42.4% |
| Amounts payable within one year | 42/48 | €3,134 | €1,805 | -€1,329 | -42.4% |
| Taxes, remuneration and social security | 45 | €3,134 | €1,805 | -€1,329 | -42.4% |
| Taxes | 450/3 | €3,134 | €1,805 | -€1,329 | -42.4% |
| Other operating charges | 640/8 | €504 | €459 | -€45 | -8.9% |
| Gross operating margin | 9900 | €14,527 | €26,524 | +€11,997 | +82.6% |
| Operating profit (loss) | 9901 | €14,023 | €26,065 | +€12,042 | +85.9% |
| Financial income | 75/76B | €2,473 | €2,839 | +€365 | +14.8% |
| Recurring financial income | 75 | €2,473 | €2,839 | +€365 | +14.8% |
| Financial charges | 65/66B | €528 | €653 | +€125 | +23.6% |
| Recurring financial charges | 65 | €528 | €653 | +€125 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €15,968 | €28,251 | +€12,282 | +76.9% |
| Income taxes | 67/77 | €5,280 | €9,123 | +€3,843 | +72.8% |
| Profit (loss) for the period | 9904 | €10,688 | €19,127 | +€8,439 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,688 | €19,127 | +€8,439 | +79.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.