Gintronics: what changed
Gintronics
Largest movements
- Cash -€27,081
down €27,081 (-86.0%), from €31,495 to €4,414
mainly Contributions, distributions and other (-€89,635) and Investment in fixed assets (net) (-€10,196)
- Receivables within one year -€8,237
down €8,237 (-61.7%), from €13,340 to €5,104
of which Trade receivables: -€9,680
- Deferred charges and accrued income +€5,642
up €5,642, from €0 to €5,642
- Tangible fixed assets +€2,803
up €2,803 (+11.5%), from €24,281 to €27,085
of which Other tangible fixed assets: +€6,261
- Reserves -€62,102
down €62,102 (-100%), from €62,102 to €0
- Other debts +€23,403
up €23,403, from €0 to €23,403
- Trade debts +€5,175
up €5,175 (+324%), from €1,599 to €6,774
- Tax, wage and social debts +€3,960
up €3,960 (+73.1%), from €5,416 to €9,376
- Short-term financial debts +€2,692
new in 2025: €2,692
- Gross operating margin -€21,578
down €21,578 (-32.8%), from €65,837 to €44,259
- Depreciation +€4,313
up €4,313 (+140%), from €3,079 to €7,393
- Taxes -€1,326
down €1,326 (-14.7%), from €9,041 to €7,715
- Financial charges +€1,052
up €1,052 (+741%), from €142 to €1,194
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,117 | €42,245 | -€26,873 | -38.9% |
| Fixed assets | 21/28 | €24,281 | €27,085 | +€2,803 | +11.5% |
| Tangible fixed assets | 22/27 | €24,281 | €27,085 | +€2,803 | +11.5% |
| Furniture and vehicles | 24 | €23,587 | €20,130 | -€3,457 | -14.7% |
| Other tangible fixed assets | 26 | €694 | €6,955 | +€6,261 | +902% |
| Current assets | 29/58 | €44,836 | €15,160 | -€29,676 | -66.2% |
| Amounts receivable within one year | 40/41 | €13,340 | €5,104 | -€8,237 | -61.7% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100% |
| Other amounts receivable | 41 | €3,660 | €5,104 | +€1,443 | +39.4% |
| Cash at bank and in hand | 54/58 | €31,495 | €4,414 | -€27,081 | -86.0% |
| Deferred charges and accrued income | 490/1 | €0 | €5,642 | +€5,642 | |
| Total equity and liabilities | 10/49 | €69,117 | €42,245 | -€26,873 | -38.9% |
| Equity | 10/15 | €62,102 | €0 | -€62,102 | -100% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €62,102 | €0 | -€62,102 | -100% |
| Distributable reserves | 133 | €62,102 | €0 | -€62,102 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,015 | €42,245 | +€35,230 | +502% |
| Amounts payable within one year | 42/48 | €7,015 | €42,245 | +€35,230 | +502% |
| Financial debts | 43 | - | €2,692 | +€2,692 | |
| Credit institutions | 430/8 | - | €2,692 | +€2,692 | |
| Trade debts | 44 | €1,599 | €6,774 | +€5,175 | +324% |
| Suppliers | 440/4 | €1,599 | €6,774 | +€5,175 | +324% |
| Taxes, remuneration and social security | 45 | €5,416 | €9,376 | +€3,960 | +73.1% |
| Taxes | 450/3 | €5,416 | €9,376 | +€3,960 | +73.1% |
| Other amounts payable | 47/48 | €0 | €23,403 | +€23,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,079 | €7,393 | +€4,313 | +140% |
| Other operating charges | 640/8 | €1,250 | €850 | -€400 | -32.0% |
| Gross operating margin | 9900 | €65,837 | €44,259 | -€21,578 | -32.8% |
| Operating profit (loss) | 9901 | €61,508 | €36,017 | -€25,491 | -41.4% |
| Financial income | 75/76B | €89 | €425 | +€336 | +378% |
| Recurring financial income | 75 | €89 | €425 | +€336 | +378% |
| Financial charges | 65/66B | €142 | €1,194 | +€1,052 | +741% |
| Recurring financial charges | 65 | €142 | €1,194 | +€1,052 | +741% |
| Profit (loss) for the period before taxes | 9903 | €61,455 | €35,248 | -€26,207 | -42.6% |
| Income taxes | 67/77 | €9,041 | €7,715 | -€1,326 | -14.7% |
| Profit (loss) for the period | 9904 | €52,413 | €27,532 | -€24,881 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,413 | €27,532 | -€24,881 | -47.5% |
Next steps
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 3 November 2026 via checked.be.