Balance.Gent: 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.
Balance.Gent
Largest movements
- Receivables within one year +€138,699
up €138,699 (+43.0%), from €322,471 to €461,171
of which Other amounts receivable: +€148,508
- Cash -€97,496
down €97,496 (-49.9%), from €195,397 to €97,901
mainly Contributions, distributions and other (-€487,800) and Receivables within one year (-€138,699)
- Tangible fixed assets -€78,896
down €78,896 (-7.5%), from €1.1m to €976,394
- Other debts +€313,401
up €313,401 (+86.5%), from €362,220 to €675,621
- Reserves -€309,417
down €309,417 (-99.9%), from €309,587 to €171
- Debts after one year -€59,817
down €59,817 (-8.1%), from €737,593 to €677,776
- Trade debts +€55,859
up €55,859 (+667%), from €8,374 to €64,233
- Accrued charges and deferred income -€40,110
down €40,110 (-96.1%), from €41,717 to €1,606
- Staff costs +€32,198
up €32,198 (+70.8%), from €45,467 to €77,665
- Financial income +€31,307
up €31,307 (+326%), from €9,604 to €40,911
- Gross operating margin +€22,237
up €22,237 (+5.7%), from €387,499 to €409,735
- Financial charges +€6,457
up €6,457 (+27.1%), from €23,864 to €30,321
- Taxes +€6,389
up €6,389 (+10.8%), from €59,020 to €65,409
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 | €1,579,017 | €1,555,534 | -€23,483 | -1.5% |
| Fixed assets | 21/28 | €1,055,290 | €976,394 | -€78,896 | -7.5% |
| Tangible fixed assets | 22/27 | €1,055,290 | €976,394 | -€78,896 | -7.5% |
| Land and buildings | 22 | €771,900 | €735,348 | -€36,552 | -4.7% |
| Plant, machinery and equipment | 23 | €13,035 | €10,048 | -€2,986 | -22.9% |
| Furniture and vehicles | 24 | €91,175 | €68,796 | -€22,379 | -24.5% |
| Leasing and similar rights | 25 | €17,294 | €6,808 | -€10,485 | -60.6% |
| Other tangible fixed assets | 26 | €161,887 | €155,394 | -€6,493 | -4.0% |
| Current assets | 29/58 | €523,727 | €579,140 | +€55,413 | +10.6% |
| Stocks and contracts in progress | 3 | €860 | €2,080 | +€1,221 | +142% |
| Stocks | 30/36 | €860 | €2,080 | +€1,221 | +142% |
| Amounts receivable within one year | 40/41 | €322,471 | €461,171 | +€138,699 | +43.0% |
| Trade receivables | 40 | €14,457 | €4,648 | -€9,809 | -67.8% |
| Other amounts receivable | 41 | €308,014 | €456,523 | +€148,508 | +48.2% |
| Cash at bank and in hand | 54/58 | €195,397 | €97,901 | -€97,496 | -49.9% |
| Deferred charges and accrued income | 490/1 | €5,000 | €17,988 | +€12,989 | +260% |
| Total equity and liabilities | 10/49 | €1,579,017 | €1,555,534 | -€23,483 | -1.5% |
| Equity | 10/15 | €319,587 | €10,171 | -€309,417 | -96.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €309,587 | €171 | -€309,417 | -99.9% |
| Distributable reserves | 133 | €309,587 | €171 | -€309,417 | -99.9% |
| Amounts payable | 17/49 | €1,259,430 | €1,545,363 | +€285,933 | +22.7% |
| Amounts payable after more than one year | 17 | €737,593 | €677,776 | -€59,817 | -8.1% |
| Financial debts | 170/4 | €737,593 | €677,776 | -€59,817 | -8.1% |
| Amounts payable within one year | 42/48 | €480,121 | €865,981 | +€385,860 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €62,452 | €59,593 | -€2,859 | -4.6% |
| Trade debts | 44 | €8,374 | €64,233 | +€55,859 | +667% |
| Suppliers | 440/4 | €8,374 | €64,233 | +€55,859 | +667% |
| Advances received on contracts in progress | 46 | €9,363 | €1,748 | -€7,614 | -81.3% |
| Taxes, remuneration and social security | 45 | €37,712 | €64,786 | +€27,074 | +71.8% |
| Taxes | 450/3 | €31,258 | €60,415 | +€29,157 | +93.3% |
| Remuneration and social security | 454/9 | €6,454 | €4,371 | -€2,083 | -32.3% |
| Other amounts payable | 47/48 | €362,220 | €675,621 | +€313,401 | +86.5% |
| Accrued charges and deferred income | 492/3 | €41,717 | €1,606 | -€40,110 | -96.1% |
| Remuneration, social security and pensions | 62 | €45,467 | €77,665 | +€32,198 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,080 | €88,196 | +€5,116 | +6.2% |
| Other operating charges | 640/8 | €8,703 | €10,672 | +€1,969 | +22.6% |
| Gross operating margin | 9900 | €387,499 | €409,735 | +€22,237 | +5.7% |
| Operating profit (loss) | 9901 | €250,249 | €233,203 | -€17,046 | -6.8% |
| Financial income | 75/76B | €9,604 | €40,911 | +€31,307 | +326% |
| Recurring financial income | 75 | €9,604 | €40,911 | +€31,307 | +326% |
| Financial charges | 65/66B | €23,864 | €30,321 | +€6,457 | +27.1% |
| Recurring financial charges | 65 | €23,864 | €30,321 | +€6,457 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €235,988 | €243,792 | +€7,803 | +3.3% |
| Income taxes | 67/77 | €59,020 | €65,409 | +€6,389 | +10.8% |
| Profit (loss) for the period | 9904 | €176,969 | €178,383 | +€1,415 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €176,969 | €178,383 | +€1,415 | +0.8% |
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 28 October 2026 via checked.be.