GINOX: 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.
GINOX
Largest movements
- Cash -€19,248
down €19,248 (-32.1%), from €59,999 to €40,751
mainly Short-term financial debts (-€346,000) and Debts after one year (-€161,190)
- Profit (loss) carried forward +€493,876
up €493,876 (+178%), from €276,859 to €770,735
- Short-term financial debts -€346,000
down €346,000 (-100%), from €346,000 to €0
- Debts after one year -€161,190
down €161,190 (-25.6%), from €630,643 to €469,452
- Financial income +€296,002
up €296,002 (+592%), from €50,000 to €346,002
- Gross operating margin +€105,485
up €105,485 (+95.7%), from €110,170 to €215,654
- Taxes +€23,320
up €23,320 (+109%), from €21,327 to €44,647
- Financial charges +€15,435
up €15,435 (+251%), from €6,159 to €21,594
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 | €1,745,087 | €1,753,014 | +€7,927 | +0.5% |
| Fixed assets | 21/28 | €1,666,938 | €1,676,660 | +€9,722 | +0.6% |
| Tangible fixed assets | 22/27 | €278 | €0 | -€278 | -100% |
| Furniture and vehicles | 24 | €278 | €0 | -€278 | -100% |
| Financial fixed assets | 28 | €1,666,660 | €1,676,660 | +€10,000 | +0.6% |
| Current assets | 29/58 | €78,149 | €76,354 | -€1,795 | -2.3% |
| Amounts receivable within one year | 40/41 | €18,150 | €35,603 | +€17,453 | +96.2% |
| Trade receivables | 40 | €18,150 | €30,250 | +€12,100 | +66.7% |
| Other amounts receivable | 41 | - | €5,353 | +€5,353 | |
| Cash at bank and in hand | 54/58 | €59,999 | €40,751 | -€19,248 | -32.1% |
| Total equity and liabilities | 10/49 | €1,745,087 | €1,753,014 | +€7,927 | +0.5% |
| Equity | 10/15 | €286,859 | €780,735 | +€493,876 | +172% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,859 | €770,735 | +€493,876 | +178% |
| Amounts payable | 17/49 | €1,458,228 | €972,279 | -€485,949 | -33.3% |
| Amounts payable after more than one year | 17 | €630,643 | €469,452 | -€161,190 | -25.6% |
| Financial debts | 170/4 | €630,643 | €469,452 | -€161,190 | -25.6% |
| Amounts payable within one year | 42/48 | €827,585 | €502,827 | -€324,758 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €162,355 | €173,866 | +€11,511 | +7.1% |
| Financial debts | 43 | €346,000 | €0 | -€346,000 | -100% |
| Credit institutions | 430/8 | €346,000 | €0 | -€346,000 | -100% |
| Trade debts | 44 | €1,073 | €88 | -€985 | -91.8% |
| Suppliers | 440/4 | €1,073 | €88 | -€985 | -91.8% |
| Taxes, remuneration and social security | 45 | €5,921 | €8,370 | +€2,449 | +41.4% |
| Taxes | 450/3 | €5,921 | €8,370 | +€2,449 | +41.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €312,236 | €320,503 | +€8,267 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618 | €278 | -€340 | -55.1% |
| Other operating charges | 640/8 | €499 | €462 | -€38 | -7.5% |
| Gross operating margin | 9900 | €110,170 | €215,654 | +€105,485 | +95.7% |
| Operating profit (loss) | 9901 | €109,052 | €214,915 | +€105,863 | +97.1% |
| Financial income | 75/76B | €50,000 | €346,002 | +€296,002 | +592% |
| Recurring financial income | 75 | €50,000 | €346,002 | +€296,002 | +592% |
| Financial charges | 65/66B | €6,159 | €21,594 | +€15,435 | +251% |
| Recurring financial charges | 65 | €6,159 | €21,594 | +€15,435 | +251% |
| Profit (loss) for the period before taxes | 9903 | €152,894 | €539,323 | +€386,429 | +253% |
| Income taxes | 67/77 | €21,327 | €44,647 | +€23,320 | +109% |
| Profit (loss) for the period | 9904 | €131,567 | €494,676 | +€363,110 | +276% |
| Profit (loss) for the period to be appropriated | 9905 | €131,567 | €494,676 | +€363,110 | +276% |
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 18 October 2026 via checked.be.