RONNY VAN GINCKEL: 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.
RONNY VAN GINCKEL
Largest movements
- Receivables within one year +€16,350
up €16,350 (+21.1%), from €77,509 to €93,859
of which Other amounts receivable: +€20,766
- Cash -€1,185
down €1,185 (-17.1%), from €6,927 to €5,742
mainly Contributions, distributions and other (-€18,000) and Receivables within one year (-€16,350)
- Reserves +€15,806
up €15,806 (+30.1%), from €52,517 to €68,323
- Current portion of long-term debt +€4,180
new in 2025: €4,180
- Tax, wage and social debts -€3,670
down €3,670 (-47.8%), from €7,671 to €4,001
- Gross operating margin +€1,075
up €1,075 (+2.7%), from €39,632 to €40,707
- Financial charges +€885
up €885 (+121%), from €734 to €1,619
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 | €84,435 | €100,354 | +€15,918 | +18.9% |
| Current assets | 29/58 | €84,435 | €100,354 | +€15,918 | +18.9% |
| Amounts receivable within one year | 40/41 | €77,509 | €93,859 | +€16,350 | +21.1% |
| Trade receivables | 40 | €4,416 | €0 | -€4,416 | -100% |
| Other amounts receivable | 41 | €73,093 | €93,859 | +€20,766 | +28.4% |
| Cash at bank and in hand | 54/58 | €6,927 | €5,742 | -€1,185 | -17.1% |
| Deferred charges and accrued income | 490/1 | - | €753 | +€753 | |
| Total equity and liabilities | 10/49 | €84,435 | €100,354 | +€15,918 | +18.9% |
| Equity | 10/15 | €55,017 | €70,823 | +€15,806 | +28.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €52,517 | €68,323 | +€15,806 | +30.1% |
| Distributable reserves | 133 | €52,517 | €68,323 | +€15,806 | +30.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,418 | €29,531 | +€113 | +0.4% |
| Amounts payable within one year | 42/48 | €29,418 | €29,531 | +€113 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,180 | +€4,180 | |
| Trade debts | 44 | €3,748 | €3,351 | -€397 | -10.6% |
| Suppliers | 440/4 | €3,748 | €3,351 | -€397 | -10.6% |
| Taxes, remuneration and social security | 45 | €7,671 | €4,001 | -€3,670 | -47.8% |
| Taxes | 450/3 | €7,671 | €4,001 | -€3,670 | -47.8% |
| Other amounts payable | 47/48 | €18,000 | €18,000 | = | 0.0% |
| Other operating charges | 640/8 | €109 | €451 | +€342 | +314% |
| Gross operating margin | 9900 | €39,632 | €40,707 | +€1,075 | +2.7% |
| Operating profit (loss) | 9901 | €39,523 | €40,256 | +€733 | +1.9% |
| Financial charges | 65/66B | €734 | €1,619 | +€885 | +121% |
| Recurring financial charges | 65 | €734 | €1,619 | +€885 | +121% |
| Profit (loss) for the period before taxes | 9903 | €38,789 | €38,637 | -€153 | -0.4% |
| Income taxes | 67/77 | €4,881 | €4,831 | -€50 | -1.0% |
| Profit (loss) for the period | 9904 | €33,909 | €33,806 | -€103 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,909 | €33,806 | -€103 | -0.3% |
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 19 October 2026 via checked.be.