VAN GILS-VAN GINHOVEN: 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.
VAN GILS-VAN GINHOVEN
Largest movements
- Tangible fixed assets -€28,931
down €28,931 (-3.6%), from €795,802 to €766,871
of which Land and buildings: -€26,020
- Current portion of long-term debt -€20,000
down €20,000 (-48.2%), from €41,500 to €21,500
- Other debts -€13,013
down €13,013 (-15.8%), from €82,378 to €69,365
- Debts after one year -€11,213
down €11,213 (-1.7%), from €649,666 to €638,453
of which Financial debts: -€13,333
- Gross operating margin +€15,838
up €15,838 (+30.4%), from €52,096 to €67,934
- Financial charges +€9,316
up €9,316 (+61.0%), from €15,262 to €24,578
- Depreciation +€4,395
up €4,395 (+13.1%), from €33,590 to €37,985
- Financial income -€1,260
down €1,260 (-99.8%), from €1,262 to €2
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 | €818,578 | €792,767 | -€25,811 | -3.2% |
| Formation expenses | 20 | €466 | €0 | -€466 | -100% |
| Fixed assets | 21/28 | €795,802 | €766,871 | -€28,931 | -3.6% |
| Tangible fixed assets | 22/27 | €795,802 | €766,871 | -€28,931 | -3.6% |
| Land and buildings | 22 | €772,535 | €746,515 | -€26,020 | -3.4% |
| Plant, machinery and equipment | 23 | €23,267 | €20,356 | -€2,911 | -12.5% |
| Current assets | 29/58 | €22,310 | €25,896 | +€3,586 | +16.1% |
| Amounts receivable within one year | 40/41 | €8,249 | €5,871 | -€2,378 | -28.8% |
| Trade receivables | 40 | €8,204 | €5,826 | -€2,378 | -29.0% |
| Other amounts receivable | 41 | €45 | €45 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,211 | €18,480 | +€6,270 | +51.3% |
| Deferred charges and accrued income | 490/1 | €1,851 | €1,545 | -€305 | -16.5% |
| Total equity and liabilities | 10/49 | €818,578 | €792,767 | -€25,811 | -3.2% |
| Equity | 10/15 | €32,827 | €35,997 | +€3,170 | +9.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,827 | €15,997 | +€3,170 | +24.7% |
| Distributable reserves | 133 | €12,827 | €15,997 | +€3,170 | +24.7% |
| Amounts payable | 17/49 | €785,751 | €756,770 | -€28,981 | -3.7% |
| Amounts payable after more than one year | 17 | €649,666 | €638,453 | -€11,213 | -1.7% |
| Financial debts | 170/4 | €649,666 | €636,333 | -€13,333 | -2.1% |
| Other amounts payable | 178/9 | - | €2,120 | +€2,120 | |
| Amounts payable within one year | 42/48 | €135,585 | €113,036 | -€22,549 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €41,500 | €21,500 | -€20,000 | -48.2% |
| Trade debts | 44 | €7,377 | €13,806 | +€6,428 | +87.1% |
| Suppliers | 440/4 | €7,377 | €13,806 | +€6,428 | +87.1% |
| Taxes, remuneration and social security | 45 | €4,330 | €8,365 | +€4,035 | +93.2% |
| Taxes | 450/3 | €4,330 | €8,365 | +€4,035 | +93.2% |
| Other amounts payable | 47/48 | €82,378 | €69,365 | -€13,013 | -15.8% |
| Accrued charges and deferred income | 492/3 | €500 | €5,281 | +€4,781 | +956% |
| Non-recurring operating income | 76A | - | €1,441 | +€1,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,590 | €37,985 | +€4,395 | +13.1% |
| Other operating charges | 640/8 | €1,994 | €2,203 | +€209 | +10.5% |
| Gross operating margin | 9900 | €52,096 | €67,934 | +€15,838 | +30.4% |
| Operating profit (loss) | 9901 | €16,512 | €27,746 | +€11,234 | +68.0% |
| Financial income | 75/76B | €1,262 | €2 | -€1,260 | -99.8% |
| Recurring financial income | 75 | €1,262 | €2 | -€1,260 | -99.8% |
| Financial charges | 65/66B | €15,262 | €24,578 | +€9,316 | +61.0% |
| Recurring financial charges | 65 | €15,262 | €24,578 | +€9,316 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €2,512 | €3,170 | +€658 | +26.2% |
| Profit (loss) for the period | 9904 | €2,512 | €3,170 | +€658 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,512 | €3,170 | +€658 | +26.2% |
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 31 October 2026 via checked.be.