Ginsonline: 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.
Ginsonline
Largest movements
- Receivables within one year +€13,541
up €13,541 (+77.1%), from €17,560 to €31,100
of which Trade receivables: +€18,340
- Intangible fixed assets -€5,650
down €5,650 (-11.9%), from €47,414 to €41,764
- Stocks and contracts +€1,992
up €1,992 (+24.8%), from €8,046 to €10,038
- Other debts +€13,104
new in 2025: €13,104
- Trade debts +€7,564
up €7,564 (+23.3%), from €32,494 to €40,058
- Debts after one year -€7,360
down €7,360 (-12.2%), from €60,445 to €53,085
- Profit (loss) carried forward -€5,163
down €5,163 (-17.7%), from -€29,110 to -€34,273
- Tax, wage and social debts +€1,731
up €1,731 (+70.9%), from €2,440 to €4,171
of which Remuneration and social security: +€2,275
- Gross operating margin +€25,653
up €25,653, from -€24,030 to €1,623
- Depreciation -€678
down €678 (-10.7%), from €6,328 to €5,650
- Financial charges -€333
down €333 (-30.7%), from €1,087 to €754
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 | €76,264 | €86,687 | +€10,423 | +13.7% |
| Fixed assets | 21/28 | €47,414 | €41,764 | -€5,650 | -11.9% |
| Intangible fixed assets | 21 | €47,414 | €41,764 | -€5,650 | -11.9% |
| Current assets | 29/58 | €28,850 | €44,923 | +€16,073 | +55.7% |
| Stocks and contracts in progress | 3 | €8,046 | €10,038 | +€1,992 | +24.8% |
| Stocks | 30/36 | €8,046 | €10,038 | +€1,992 | +24.8% |
| Amounts receivable within one year | 40/41 | €17,560 | €31,100 | +€13,541 | +77.1% |
| Trade receivables | 40 | €12,622 | €30,962 | +€18,340 | +145% |
| Other amounts receivable | 41 | €4,937 | €138 | -€4,799 | -97.2% |
| Cash at bank and in hand | 54/58 | €3,010 | €3,785 | +€776 | +25.8% |
| Deferred charges and accrued income | 490/1 | €235 | - | -€235 | |
| Total equity and liabilities | 10/49 | €76,264 | €86,687 | +€10,423 | +13.7% |
| Equity | 10/15 | -€27,110 | -€32,273 | -€5,163 | -19.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,110 | -€34,273 | -€5,163 | -17.7% |
| Amounts payable | 17/49 | €103,373 | €118,960 | +€15,586 | +15.1% |
| Amounts payable after more than one year | 17 | €60,445 | €53,085 | -€7,360 | -12.2% |
| Financial debts | 170/4 | €60,445 | €53,085 | -€7,360 | -12.2% |
| Amounts payable within one year | 42/48 | €42,238 | €64,692 | +€22,453 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €7,305 | €7,360 | +€55 | +0.7% |
| Trade debts | 44 | €32,494 | €40,058 | +€7,564 | +23.3% |
| Suppliers | 440/4 | €32,494 | €40,058 | +€7,564 | +23.3% |
| Taxes, remuneration and social security | 45 | €2,440 | €4,171 | +€1,731 | +70.9% |
| Taxes | 450/3 | €2,440 | €1,896 | -€544 | -22.3% |
| Remuneration and social security | 454/9 | - | €2,275 | +€2,275 | |
| Other amounts payable | 47/48 | - | €13,104 | +€13,104 | |
| Accrued charges and deferred income | 492/3 | €690 | €1,183 | +€492 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,328 | €5,650 | -€678 | -10.7% |
| Other operating charges | 640/8 | €534 | €387 | -€147 | -27.5% |
| Gross operating margin | 9900 | -€24,030 | €1,623 | +€25,653 | |
| Operating profit (loss) | 9901 | -€30,892 | -€4,414 | +€26,478 | +85.7% |
| Financial income | 75/76B | €235 | €5 | -€230 | -98.0% |
| Recurring financial income | 75 | €235 | €5 | -€230 | -98.0% |
| Financial charges | 65/66B | €1,087 | €754 | -€333 | -30.7% |
| Recurring financial charges | 65 | €1,087 | €754 | -€333 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€31,745 | -€5,163 | +€26,581 | +83.7% |
| Income taxes | 67/77 | €75 | - | -€75 | |
| Profit (loss) for the period | 9904 | -€31,820 | -€5,163 | +€26,657 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,820 | -€5,163 | +€26,657 | +83.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.