GINSTBRONNEN: what changed
What changed
GINSTBRONNEN
NACE 11.070, Manufacture of beverages
filed annual accounts (NBB)
Net result for the year
€202,552
2024 · €230,088-€27,536
Equity
€2.5m
2024 · €2.2m+€202,552
Cash
€1.1m
2024 · €630,840+€426,891
Balance sheet total
€6.1m
2024 · €5.2m+€890,013
Largest movements
Assets
- Tangible fixed assets +€693,499
up €693,499 (+22.1%), from €3.1m to €3.8m
of which Leasing and similar rights: +€830,057
- Cash +€426,891
up €426,891 (+67.7%), from €630,840 to €1.1m
mainly Depreciation (+€911,159) and Debts after one year (+€638,056)
- Receivables within one year -€320,235
down €320,235 (-31.8%), from €1.0m to €686,155
of which Trade receivables: -€351,839
- Stocks and contracts +€93,103
up €93,103 (+34.9%), from €266,771 to €359,874
Equity and liabilities
- Debts after one year +€638,056
up €638,056 (+47.6%), from €1.3m to €2.0m
of which Financial debts: +€638,056
- Reserves +€202,552
up €202,552 (+12.3%), from €1.6m to €1.9m
of which Distributable reserves: +€202,552
- Other debts +€93,000
up €93,000 (+11.1%), from €840,127 to €933,128
- Trade debts -€91,660
down €91,660 (-25.4%), from €360,920 to €269,260
- Current portion of long-term debt +€83,516
up €83,516 (+34.5%), from €241,749 to €325,265
Income statement
- Depreciation +€167,076
up €167,076 (+22.5%), from €744,084 to €911,159
- Gross operating margin +€151,042
up €151,042 (+6.4%), from €2.4m to €2.5m
- Staff costs +€47,546
up €47,546 (+4.2%), from €1.1m to €1.2m
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.
Result 2024
€230,088
Gross operating margin
+€151,042
Staff costs
-€47,546
Depreciation
-€167,076
Other operating charges
+€11,297
Other operating items
-€912
Financial income
+€103
Financial charges
+€14,764
Taxes
+€10,791
Result 2025
€202,552
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€1.6m
Financing
+€697,886
Cash 2024
€630,840
From operations (derived)
+€1.3m
Net result for the year
+€202,552
Depreciation
+€911,159
Receivables after one year
-€17,440
Stocks and contracts
-€93,103
Receivables within one year
+€320,235
Deferred charges and accrued income
+€17,323
Trade debts
-€91,660
Tax, wage and social debts
+€8,043
Other debts
+€93,000
Accrued charges and deferred income
-€19,807
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Current investments
+€6,064
Financing
+€697,886
Debts after one year
+€638,056
Current portion of long-term debt
+€83,516
Short-term financial debts
-€23,686
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,218,095 | €6,108,108 | +€890,013 | +17.1% |
| Fixed assets | 21/28 | €3,200,185 | €3,896,385 | +€696,201 | +21.8% |
| Intangible fixed assets | 21 | €59,936 | €62,638 | +€2,702 | +4.5% |
| Tangible fixed assets | 22/27 | €3,137,244 | €3,830,743 | +€693,499 | +22.1% |
| Land and buildings | 22 | €121,446 | €114,548 | -€6,898 | -5.7% |
| Plant, machinery and equipment | 23 | €2,242,177 | €2,157,487 | -€84,691 | -3.8% |
| Furniture and vehicles | 24 | €116,507 | €87,237 | -€29,270 | -25.1% |
| Leasing and similar rights | 25 | €580,198 | €1,410,255 | +€830,057 | +143% |
| Other tangible fixed assets | 26 | €76,915 | €61,216 | -€15,700 | -20.4% |
| Financial fixed assets | 28 | €3,005 | €3,005 | = | 0.0% |
| Current assets | 29/58 | €2,017,910 | €2,211,723 | +€193,813 | +9.6% |
| Amounts receivable after more than one year | 29 | - | €17,440 | +€17,440 | |
| Other amounts receivable | 291 | - | €17,440 | +€17,440 | |
| Stocks and contracts in progress | 3 | €266,771 | €359,874 | +€93,103 | +34.9% |
| Stocks | 30/36 | €266,771 | €359,874 | +€93,103 | +34.9% |
| Amounts receivable within one year | 40/41 | €1,006,390 | €686,155 | -€320,235 | -31.8% |
| Trade receivables | 40 | €912,945 | €561,106 | -€351,839 | -38.5% |
| Other amounts receivable | 41 | €93,445 | €125,049 | +€31,605 | +33.8% |
| Current investments | 50/53 | €26,037 | €19,973 | -€6,064 | -23.3% |
| Cash at bank and in hand | 54/58 | €630,840 | €1,057,730 | +€426,891 | +67.7% |
| Deferred charges and accrued income | 490/1 | €87,873 | €70,550 | -€17,323 | -19.7% |
| Total equity and liabilities | 10/49 | €5,218,095 | €6,108,108 | +€890,013 | +17.1% |
| Equity | 10/15 | €2,247,852 | €2,450,404 | +€202,552 | +9.0% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,647,852 | €1,850,404 | +€202,552 | +12.3% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,500 | €43,500 | = | 0.0% |
| Distributable reserves | 133 | €1,544,352 | €1,746,904 | +€202,552 | +13.1% |
| Amounts payable | 17/49 | €2,970,243 | €3,657,705 | +€687,461 | +23.1% |
| Amounts payable after more than one year | 17 | €1,341,036 | €1,979,092 | +€638,056 | +47.6% |
| Financial debts | 170/4 | €691,036 | €1,329,092 | +€638,056 | +92.3% |
| Other amounts payable | 178/9 | €650,000 | €650,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,587,608 | €1,656,820 | +€69,212 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €241,749 | €325,265 | +€83,516 | +34.5% |
| Financial debts | 43 | €23,686 | - | -€23,686 | |
| Credit institutions | 430/8 | €23,686 | - | -€23,686 | |
| Trade debts | 44 | €360,920 | €269,260 | -€91,660 | -25.4% |
| Suppliers | 440/4 | €360,920 | €269,260 | -€91,660 | -25.4% |
| Taxes, remuneration and social security | 45 | €121,124 | €129,167 | +€8,043 | +6.6% |
| Taxes | 450/3 | €2,421 | €248 | -€2,174 | -89.8% |
| Remuneration and social security | 454/9 | €118,703 | €128,919 | +€10,216 | +8.6% |
| Other amounts payable | 47/48 | €840,127 | €933,128 | +€93,000 | +11.1% |
| Accrued charges and deferred income | 492/3 | €41,600 | €21,793 | -€19,807 | -47.6% |
| Non-recurring operating income | 76A | - | €90,000 | +€90,000 | |
| Remuneration, social security and pensions | 62 | €1,135,704 | €1,183,249 | +€47,546 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744,084 | €911,159 | +€167,076 | +22.5% |
| Other operating charges | 640/8 | €73,456 | €62,159 | -€11,297 | -15.4% |
| Non-recurring operating charges | 66A | €9,340 | €10,252 | +€912 | +9.8% |
| Gross operating margin | 9900 | €2,356,590 | €2,507,632 | +€151,042 | +6.4% |
| Operating profit (loss) | 9901 | €394,007 | €340,813 | -€53,195 | -13.5% |
| Financial income | 75/76B | €1,764 | €1,867 | +€103 | +5.9% |
| Recurring financial income | 75 | €1,014 | €1,867 | +€853 | +84.2% |
| Non-recurring financial income | 76B | €750 | - | -€750 | |
| Financial charges | 65/66B | €72,832 | €58,068 | -€14,764 | -20.3% |
| Recurring financial charges | 65 | €24,370 | €56,938 | +€32,568 | +134% |
| Non-recurring financial charges | 66B | €48,462 | €1,130 | -€47,332 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €322,939 | €284,612 | -€38,327 | -11.9% |
| Income taxes | 67/77 | €92,851 | €82,060 | -€10,791 | -11.6% |
| Profit (loss) for the period | 9904 | €230,088 | €202,552 | -€27,536 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €230,088 | €202,552 | -€27,536 | -12.0% |
Next steps
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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 5 November 2026 via checked.be.