DE GENSTER: 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.
DE GENSTER
Largest movements
- Receivables within one year -€501,762
down €501,762 (-76.0%), from €660,546 to €158,784
of which Trade receivables: -€501,762
- Stocks and contracts +€387,754
up €387,754 (+35.0%), from €1.1m to €1.5m
- Tangible fixed assets -€94,561
down €94,561 (-3.7%), from €2.6m to €2.5m
of which Land and buildings: -€86,933
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Advances received -€514,050
down €514,050 (-100.0%), from €514,050 to €0
- Short-term financial debts +€282,000
up €282,000 (+60.0%), from €470,000 to €752,000
- Debts after one year -€214,016
down €214,016 (-8.4%), from €2.6m to €2.3m
- Reserves +€134,000
up €134,000 (+38.8%), from €345,700 to €479,700
- Financial charges -€27,156
down €27,156 (-24.7%), from €110,082 to €82,926
- Taxes +€22,232
up €22,232 (+64.7%), from €34,386 to €56,618
- Gross operating margin +€17,519
up €17,519 (+4.8%), from €366,224 to €383,743
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 | €4,388,249 | €4,146,233 | -€242,016 | -5.5% |
| Fixed assets | 21/28 | €2,565,038 | €2,470,477 | -€94,561 | -3.7% |
| Tangible fixed assets | 22/27 | €2,558,838 | €2,464,277 | -€94,561 | -3.7% |
| Land and buildings | 22 | €2,548,032 | €2,461,099 | -€86,933 | -3.4% |
| Furniture and vehicles | 24 | €10,806 | €3,178 | -€7,628 | -70.6% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €1,823,210 | €1,675,756 | -€147,455 | -8.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Stocks and contracts in progress | 3 | €1,106,674 | €1,494,427 | +€387,754 | +35.0% |
| Stocks | 30/36 | €1,106,674 | €1,494,427 | +€387,754 | +35.0% |
| Amounts receivable within one year | 40/41 | €660,546 | €158,784 | -€501,762 | -76.0% |
| Trade receivables | 40 | €656,841 | €155,079 | -€501,762 | -76.4% |
| Other amounts receivable | 41 | €3,706 | €3,706 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,514 | €21,604 | +€16,090 | +291.8% |
| Deferred charges and accrued income | 490/1 | €476 | €941 | +€464 | +97.4% |
| Total equity and liabilities | 10/49 | €4,388,249 | €4,146,233 | -€242,016 | -5.5% |
| Equity | 10/15 | €445,981 | €580,435 | +€134,454 | +30.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €345,700 | €479,700 | +€134,000 | +38.8% |
| Distributable reserves | 133 | €345,700 | €479,700 | +€134,000 | +38.8% |
| Profit (loss) carried forward | 14 | €281 | €735 | +€454 | +161.5% |
| Amounts payable | 17/49 | €3,942,267 | €3,565,797 | -€376,470 | -9.5% |
| Amounts payable after more than one year | 17 | €2,559,791 | €2,345,774 | -€214,016 | -8.4% |
| Financial debts | 170/4 | €2,559,791 | €2,345,774 | -€214,016 | -8.4% |
| Amounts payable within one year | 42/48 | €1,349,765 | €1,168,964 | -€180,801 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €150,730 | €152,556 | +€1,826 | +1.2% |
| Financial debts | 43 | €470,000 | €752,000 | +€282,000 | +60.0% |
| Credit institutions | 430/8 | €470,000 | €752,000 | +€282,000 | +60.0% |
| Trade debts | 44 | €2,093 | €17,066 | +€14,972 | +715.3% |
| Suppliers | 440/4 | €2,093 | €17,066 | +€14,972 | +715.3% |
| Advances received on contracts in progress | 46 | €514,050 | €0 | -€514,050 | -100.0% |
| Taxes, remuneration and social security | 45 | €39,987 | €69,366 | +€29,379 | +73.5% |
| Taxes | 450/3 | €39,987 | €69,366 | +€29,379 | +73.5% |
| Other amounts payable | 47/48 | €172,905 | €177,976 | +€5,071 | +2.9% |
| Accrued charges and deferred income | 492/3 | €32,712 | €51,059 | +€18,348 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,478 | €94,561 | +€83 | +0.1% |
| Other operating charges | 640/8 | €14,086 | €15,184 | +€1,098 | +7.8% |
| Gross operating margin | 9900 | €366,224 | €383,743 | +€17,519 | +4.8% |
| Operating profit (loss) | 9901 | €257,660 | €273,998 | +€16,338 | +6.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €110,082 | €82,926 | -€27,156 | -24.7% |
| Recurring financial charges | 65 | €110,082 | €82,926 | -€27,156 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €147,578 | €191,072 | +€43,494 | +29.5% |
| Income taxes | 67/77 | €34,386 | €56,618 | +€22,232 | +64.7% |
| Profit (loss) for the period | 9904 | €113,192 | €134,454 | +€21,263 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,192 | €134,454 | +€21,263 | +18.8% |
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 4 October 2026 via checked.be.