GINYS: 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.
GINYS
Largest movements
- Tangible fixed assets +€104,796
new in 2025: €104,796
- Cash +€79,756
up €79,756 (+210%), from €37,939 to €117,695
mainly Debts after one year (+€76,751) and Receivables within one year (+€66,535)
- Receivables within one year -€66,535
down €66,535 (-54.0%), from €123,299 to €56,764
of which Trade receivables: -€70,321
- Debts after one year +€76,751
new in 2025: €76,751
- Reserves +€49,193
up €49,193 (+50.3%), from €97,885 to €147,077
- Tax, wage and social debts -€31,223
down €31,223 (-51.9%), from €60,185 to €28,961
- Current portion of long-term debt +€19,107
new in 2025: €19,107
- Trade debts +€5,912
up €5,912 (+3,498%), from €169 to €6,081
- Gross operating margin -€54,804
down €54,804 (-43.1%), from €127,169 to €72,366
- Taxes -€13,699
down €13,699 (-46.8%), from €29,285 to €15,586
- Depreciation +€6,311
new in 2025: €6,311
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 | €161,238 | €281,161 | +€119,923 | +74.4% |
| Fixed assets | 21/28 | - | €104,796 | +€104,796 | |
| Tangible fixed assets | 22/27 | - | €104,796 | +€104,796 | |
| Furniture and vehicles | 24 | - | €104,796 | +€104,796 | |
| Current assets | 29/58 | €161,238 | €176,365 | +€15,127 | +9.4% |
| Amounts receivable within one year | 40/41 | €123,299 | €56,764 | -€66,535 | -54.0% |
| Trade receivables | 40 | €123,299 | €52,979 | -€70,321 | -57.0% |
| Other amounts receivable | 41 | - | €3,785 | +€3,785 | |
| Cash at bank and in hand | 54/58 | €37,939 | €117,695 | +€79,756 | +210% |
| Deferred charges and accrued income | 490/1 | - | €1,907 | +€1,907 | |
| Total equity and liabilities | 10/49 | €161,238 | €281,161 | +€119,923 | +74.4% |
| Equity | 10/15 | €100,885 | €150,077 | +€49,193 | +48.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,885 | €147,077 | +€49,193 | +50.3% |
| Distributable reserves | 133 | €97,885 | €147,077 | +€49,193 | +50.3% |
| Amounts payable | 17/49 | €60,354 | €131,083 | +€70,730 | +117% |
| Amounts payable after more than one year | 17 | - | €76,751 | +€76,751 | |
| Financial debts | 170/4 | - | €76,751 | +€76,751 | |
| Amounts payable within one year | 42/48 | €60,354 | €54,150 | -€6,204 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | - | €19,107 | +€19,107 | |
| Trade debts | 44 | €169 | €6,081 | +€5,912 | +3,498% |
| Suppliers | 440/4 | €169 | €6,081 | +€5,912 | +3,498% |
| Taxes, remuneration and social security | 45 | €60,185 | €28,961 | -€31,223 | -51.9% |
| Taxes | 450/3 | €60,185 | €28,961 | -€31,223 | -51.9% |
| Accrued charges and deferred income | 492/3 | - | €183 | +€183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,311 | +€6,311 | |
| Other operating charges | 640/8 | - | €357 | +€357 | |
| Gross operating margin | 9900 | €127,169 | €72,366 | -€54,804 | -43.1% |
| Operating profit (loss) | 9901 | €127,169 | €65,698 | -€61,472 | -48.3% |
| Financial income | 75/76B | - | €99 | +€99 | |
| Recurring financial income | 75 | - | €99 | +€99 | |
| Financial charges | 65/66B | - | €1,018 | +€1,018 | |
| Recurring financial charges | 65 | - | €1,018 | +€1,018 | |
| Profit (loss) for the period before taxes | 9903 | €127,169 | €64,779 | -€62,391 | -49.1% |
| Income taxes | 67/77 | €29,285 | €15,586 | -€13,699 | -46.8% |
| Profit (loss) for the period | 9904 | €97,885 | €49,193 | -€48,692 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,885 | €49,193 | -€48,692 | -49.7% |
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 15 October 2026 via checked.be.