GINRO: 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.
GINRO
Largest movements
- Receivables within one year +€29,119
up €29,119 (+68.0%), from €42,826 to €71,945
of which Other amounts receivable: +€37,900
- Cash -€19,150
down €19,150 (-57.6%), from €33,251 to €14,100
mainly Receivables within one year (-€29,119)
- Reserves +€5,900
up €5,900 (+28.4%), from €20,760 to €26,660
- Trade debts +€2,022
up €2,022 (+72.4%), from €2,794 to €4,816
- Tax, wage and social debts +€1,902
up €1,902 (+61.5%), from €3,090 to €4,992
- Gross operating margin -€10,001
down €10,001 (-51.8%), from €19,297 to €9,296
- Taxes -€3,776
down €3,776 (-62.3%), from €6,065 to €2,289
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 | €76,077 | €86,046 | +€9,969 | +13.1% |
| Current assets | 29/58 | €76,077 | €86,046 | +€9,969 | +13.1% |
| Amounts receivable within one year | 40/41 | €42,826 | €71,945 | +€29,119 | +68.0% |
| Trade receivables | 40 | €42,826 | €34,045 | -€8,781 | -20.5% |
| Other amounts receivable | 41 | - | €37,900 | +€37,900 | |
| Cash at bank and in hand | 54/58 | €33,251 | €14,100 | -€19,150 | -57.6% |
| Total equity and liabilities | 10/49 | €76,077 | €86,046 | +€9,969 | +13.1% |
| Equity | 10/15 | €69,605 | €75,650 | +€6,045 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,760 | €26,660 | +€5,900 | +28.4% |
| Distributable reserves | 133 | €20,760 | €26,660 | +€5,900 | +28.4% |
| Profit (loss) carried forward | 14 | €30,245 | €30,390 | +€145 | +0.5% |
| Amounts payable | 17/49 | €6,472 | €10,396 | +€3,924 | +60.6% |
| Amounts payable within one year | 42/48 | €6,472 | €10,396 | +€3,924 | +60.6% |
| Trade debts | 44 | €2,794 | €4,816 | +€2,022 | +72.4% |
| Suppliers | 440/4 | €2,794 | €4,816 | +€2,022 | +72.4% |
| Taxes, remuneration and social security | 45 | €3,090 | €4,992 | +€1,902 | +61.5% |
| Taxes | 450/3 | €3,090 | €4,992 | +€1,902 | +61.5% |
| Other amounts payable | 47/48 | €588 | €588 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €163 | - | -€163 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €19,297 | €9,296 | -€10,001 | -51.8% |
| Operating profit (loss) | 9901 | €18,628 | €8,776 | -€9,852 | -52.9% |
| Financial income | 75/76B | €76 | €1 | -€74 | -98.2% |
| Recurring financial income | 75 | €76 | €1 | -€74 | -98.2% |
| Financial charges | 65/66B | €309 | €444 | +€135 | +43.5% |
| Recurring financial charges | 65 | €309 | €444 | +€135 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €18,394 | €8,334 | -€10,061 | -54.7% |
| Income taxes | 67/77 | €6,065 | €2,289 | -€3,776 | -62.3% |
| Profit (loss) for the period | 9904 | €12,329 | €6,045 | -€6,284 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,329 | €6,045 | -€6,284 | -51.0% |
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 16 October 2026 via checked.be.