GINSYS: 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.
GINSYS
Largest movements
- Cash +€64,716
up €64,716 (+555.5%), from €11,650 to €76,366
mainly Net result for the year (+€43,429) and Other debts (+€24,365)
- Receivables within one year -€18,257
down €18,257 (-31.9%), from €57,235 to €38,978
of which Other amounts receivable: -€10,007
- Tangible fixed assets -€17,369
down €17,369 (-27.6%), from €62,948 to €45,580
of which Furniture and vehicles: -€16,609
- Other debts +€24,365
up €24,365 (+806.3%), from €3,022 to €27,387
- Profit (loss) carried forward +€13,906
no longer reported in 2025 (was -€13,906)
- Debts after one year -€10,204
down €10,204 (-38.6%), from €26,463 to €16,259
- Tax, wage and social debts +€3,229
up €3,229 (+35.0%), from €9,231 to €12,460
- Gross operating margin +€68,083
up €68,083 (+682.8%), from €9,972 to €78,054
- Taxes +€11,926
up €11,926 (+4096.3%), from €291 to €12,218
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 | €141,615 | €172,124 | +€30,509 | +21.5% |
| Fixed assets | 21/28 | €63,098 | €45,730 | -€17,369 | -27.5% |
| Tangible fixed assets | 22/27 | €62,948 | €45,580 | -€17,369 | -27.6% |
| Plant, machinery and equipment | 23 | €1,758 | €998 | -€759 | -43.2% |
| Furniture and vehicles | 24 | €61,191 | €44,581 | -€16,609 | -27.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €78,517 | €126,394 | +€47,877 | +61.0% |
| Amounts receivable within one year | 40/41 | €57,235 | €38,978 | -€18,257 | -31.9% |
| Trade receivables | 40 | €39,766 | €31,516 | -€8,250 | -20.7% |
| Other amounts receivable | 41 | €17,469 | €7,462 | -€10,007 | -57.3% |
| Cash at bank and in hand | 54/58 | €11,650 | €76,366 | +€64,716 | +555.5% |
| Deferred charges and accrued income | 490/1 | €9,632 | €11,050 | +€1,419 | +14.7% |
| Total equity and liabilities | 10/49 | €141,615 | €172,124 | +€30,509 | +21.5% |
| Equity | 10/15 | €91,314 | €104,035 | +€12,721 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,019 | €97,835 | -€1,184 | -1.2% |
| Distributable reserves | 133 | €99,019 | €97,835 | -€1,184 | -1.2% |
| Profit (loss) carried forward | 14 | -€13,906 | - | +€13,906 | |
| Amounts payable | 17/49 | €50,302 | €68,089 | +€17,787 | +35.4% |
| Amounts payable after more than one year | 17 | €26,463 | €16,259 | -€10,204 | -38.6% |
| Financial debts | 170/4 | €26,463 | €16,259 | -€10,204 | -38.6% |
| Amounts payable within one year | 42/48 | €22,773 | €50,763 | +€27,990 | +122.9% |
| Current portion of amounts payable after more than one year | 42 | €9,723 | €10,204 | +€481 | +4.9% |
| Trade debts | 44 | €797 | €712 | -€85 | -10.7% |
| Suppliers | 440/4 | €797 | €712 | -€85 | -10.7% |
| Taxes, remuneration and social security | 45 | €9,231 | €12,460 | +€3,229 | +35.0% |
| Taxes | 450/3 | €9,231 | €12,460 | +€3,229 | +35.0% |
| Other amounts payable | 47/48 | €3,022 | €27,387 | +€24,365 | +806.3% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,067 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,189 | €18,912 | -€277 | -1.4% |
| Other operating charges | 640/8 | €2,267 | €1,551 | -€717 | -31.6% |
| Gross operating margin | 9900 | €9,972 | €78,054 | +€68,083 | +682.8% |
| Operating profit (loss) | 9901 | -€11,485 | €57,591 | +€69,076 | |
| Financial income | 75/76B | €120 | €112 | -€8 | -6.7% |
| Recurring financial income | 75 | €120 | €112 | -€8 | -6.7% |
| Financial charges | 65/66B | €2,250 | €2,057 | -€193 | -8.6% |
| Recurring financial charges | 65 | €2,250 | €2,057 | -€193 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,615 | €55,646 | +€69,261 | |
| Income taxes | 67/77 | €291 | €12,218 | +€11,926 | +4096.3% |
| Profit (loss) for the period | 9904 | -€13,906 | €43,429 | +€57,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,906 | €43,429 | +€57,334 |
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 10 October 2026 via checked.be.