VAN GINKEL: what changed
Two fiscal 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 GINKEL
Largest movements
- Cash +€12,849
up €12,849 (+438.8%), from €2,928 to €15,778
mainly Net result for the year (+€19,042) and Depreciation (+€5,341)
- Receivables within one year +€7,639
up €7,639 (+7.6%), from €99,999 to €107,639
of which Other amounts receivable: +€5,866
- Tangible fixed assets -€5,341
down €5,341 (-61.6%), from €8,672 to €3,331
of which Leasing and similar rights: -€4,641
- Profit (loss) carried forward +€19,042
up €19,042 (+39.7%), from €48,019 to €67,061
- Debts after one year -€2,937
down €2,937 (-100.0%), from €2,937 to €0
- Current portion of long-term debt -€1,951
down €1,951 (-39.9%), from €4,887 to €2,937
- Trade debts +€1,455
up €1,455 (+897.8%), from €162 to €1,618
- Gross operating margin -€5,171
down €5,171 (-16.1%), from €32,183 to €27,012
- Taxes -€2,584
down €2,584 (-33.3%), from €7,764 to €5,181
- Financial charges -€2,378
down €2,378 (-87.4%), from €2,722 to €343
- Other operating charges +€1,497
up €1,497 (+1005.4%), from €149 to €1,646
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 | €112,900 | €128,153 | +€15,254 | +13.5% |
| Fixed assets | 21/28 | €9,972 | €4,631 | -€5,341 | -53.6% |
| Tangible fixed assets | 22/27 | €8,672 | €3,331 | -€5,341 | -61.6% |
| Furniture and vehicles | 24 | €1,107 | €407 | -€700 | -63.3% |
| Leasing and similar rights | 25 | €7,565 | €2,924 | -€4,641 | -61.3% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €102,928 | €123,522 | +€20,595 | +20.0% |
| Amounts receivable within one year | 40/41 | €99,999 | €107,639 | +€7,639 | +7.6% |
| Trade receivables | 40 | €18,347 | €20,121 | +€1,773 | +9.7% |
| Other amounts receivable | 41 | €81,652 | €87,518 | +€5,866 | +7.2% |
| Cash at bank and in hand | 54/58 | €2,928 | €15,778 | +€12,849 | +438.8% |
| Deferred charges and accrued income | 490/1 | €0 | €106 | +€106 | |
| Total equity and liabilities | 10/49 | €112,900 | €128,153 | +€15,254 | +13.5% |
| Equity | 10/15 | €68,479 | €87,521 | +€19,042 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,019 | €67,061 | +€19,042 | +39.7% |
| Amounts payable | 17/49 | €44,420 | €40,632 | -€3,789 | -8.5% |
| Amounts payable after more than one year | 17 | €2,937 | €0 | -€2,937 | -100.0% |
| Financial debts | 170/4 | €2,937 | €0 | -€2,937 | -100.0% |
| Amounts payable within one year | 42/48 | €41,484 | €40,632 | -€852 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €4,887 | €2,937 | -€1,951 | -39.9% |
| Trade debts | 44 | €162 | €1,618 | +€1,455 | +897.8% |
| Suppliers | 440/4 | €162 | €1,618 | +€1,455 | +897.8% |
| Taxes, remuneration and social security | 45 | €13,302 | €12,945 | -€357 | -2.7% |
| Taxes | 450/3 | €13,302 | €12,945 | -€357 | -2.7% |
| Other amounts payable | 47/48 | €23,133 | €23,133 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,341 | €5,341 | = | 0.0% |
| Other operating charges | 640/8 | €149 | €1,646 | +€1,497 | +1005.4% |
| Gross operating margin | 9900 | €32,183 | €27,012 | -€5,171 | -16.1% |
| Operating profit (loss) | 9901 | €26,693 | €20,025 | -€6,668 | -25.0% |
| Financial income | 75/76B | €4,350 | €4,541 | +€191 | +4.4% |
| Recurring financial income | 75 | €4,350 | €4,541 | +€191 | +4.4% |
| Financial charges | 65/66B | €2,722 | €343 | -€2,378 | -87.4% |
| Recurring financial charges | 65 | €2,722 | €343 | -€2,378 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €28,321 | €24,223 | -€4,098 | -14.5% |
| Income taxes | 67/77 | €7,764 | €5,181 | -€2,584 | -33.3% |
| Profit (loss) for the period | 9904 | €20,557 | €19,042 | -€1,515 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,557 | €19,042 | -€1,515 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.