VAN GINNEKEN: 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 GINNEKEN
Largest movements
- Receivables within one year +€3,730
new in 2025: €3,730
of which Trade receivables: +€3,594
- Tangible fixed assets -€2,716
down €2,716 (-77.5%), from €3,503 to €787
of which Furniture and vehicles: -€2,325
- Current investments +€2,510
up €2,510 (+101%), from €2,489 to €5,000
- Deferred charges and accrued income +€1,617
new in 2025: €1,617
- Stocks and contracts +€600
new in 2025: €600
- Tax, wage and social debts +€3,395
up €3,395 (+98.1%), from €3,460 to €6,855
- Other debts +€1,082
up €1,082 (+3,574%), from €30 to €1,112
- Reserves +€710
up €710 (+5.5%), from €12,919 to €13,629
- Trade debts +€695
up €695 (+68.7%), from €1,011 to €1,706
- Gross operating margin -€15,280
down €15,280 (-72.2%), from €21,156 to €5,876
- Taxes -€4,283
down €4,283 (-71.9%), from €5,955 to €1,673
- Depreciation -€1,022
down €1,022 (-27.3%), from €3,738 to €2,716
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 | €49,220 | €55,102 | +€5,881 | +11.9% |
| Fixed assets | 21/28 | €3,503 | €787 | -€2,716 | -77.5% |
| Tangible fixed assets | 22/27 | €3,503 | €787 | -€2,716 | -77.5% |
| Plant, machinery and equipment | 23 | €961 | €768 | -€192 | -20.0% |
| Furniture and vehicles | 24 | €2,325 | - | -€2,325 | |
| Other tangible fixed assets | 26 | €217 | €19 | -€199 | -91.5% |
| Current assets | 29/58 | €45,717 | €54,315 | +€8,597 | +18.8% |
| Stocks and contracts in progress | 3 | - | €600 | +€600 | |
| Stocks | 30/36 | - | €600 | +€600 | |
| Amounts receivable within one year | 40/41 | - | €3,730 | +€3,730 | |
| Trade receivables | 40 | - | €3,594 | +€3,594 | |
| Other amounts receivable | 41 | - | €137 | +€137 | |
| Current investments | 50/53 | €2,489 | €5,000 | +€2,510 | +101% |
| Cash at bank and in hand | 54/58 | €43,228 | €43,368 | +€140 | +0.3% |
| Deferred charges and accrued income | 490/1 | - | €1,617 | +€1,617 | |
| Total equity and liabilities | 10/49 | €49,220 | €55,102 | +€5,881 | +11.9% |
| Equity | 10/15 | €44,719 | €45,429 | +€710 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,919 | €13,629 | +€710 | +5.5% |
| Distributable reserves | 133 | €12,919 | €13,629 | +€710 | +5.5% |
| Profit (loss) carried forward | 14 | €25,600 | €25,600 | = | 0.0% |
| Amounts payable | 17/49 | €4,502 | €9,673 | +€5,171 | +115% |
| Amounts payable within one year | 42/48 | €4,502 | €9,673 | +€5,171 | +115% |
| Trade debts | 44 | €1,011 | €1,706 | +€695 | +68.7% |
| Suppliers | 440/4 | €1,011 | €1,706 | +€695 | +68.7% |
| Taxes, remuneration and social security | 45 | €3,460 | €6,855 | +€3,395 | +98.1% |
| Taxes | 450/3 | €3,460 | €6,855 | +€3,395 | +98.1% |
| Other amounts payable | 47/48 | €30 | €1,112 | +€1,082 | +3,574% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,738 | €2,716 | -€1,022 | -27.3% |
| Other operating charges | 640/8 | €387 | €585 | +€198 | +51.1% |
| Gross operating margin | 9900 | €21,156 | €5,876 | -€15,280 | -72.2% |
| Operating profit (loss) | 9901 | €17,031 | €2,575 | -€14,456 | -84.9% |
| Financial income | 75/76B | €108 | €59 | -€49 | -45.2% |
| Recurring financial income | 75 | €108 | €59 | -€49 | -45.2% |
| Financial charges | 65/66B | €124 | €251 | +€127 | +103% |
| Recurring financial charges | 65 | €124 | €251 | +€127 | +103% |
| Profit (loss) for the period before taxes | 9903 | €17,015 | €2,383 | -€14,632 | -86.0% |
| Income taxes | 67/77 | €5,955 | €1,673 | -€4,283 | -71.9% |
| Profit (loss) for the period | 9904 | €11,059 | €710 | -€10,349 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,059 | €710 | -€10,349 | -93.6% |
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 20 October 2026 via checked.be.