De Gentenaar: 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.
De Gentenaar
Largest movements
- Tangible fixed assets -€35,667
down €35,667 (-20.7%), from €172,388 to €136,721
of which Plant, machinery and equipment: -€21,633
- Receivables within one year +€26,122
up €26,122 (+57.0%), from €45,794 to €71,916
of which Other amounts receivable: +€26,122
- Cash +€4,077
up €4,077 (+20.1%), from €20,271 to €24,348
mainly Depreciation (+€38,167) and Tax, wage and social debts (+€16,020)
- Debts after one year -€33,820
down €33,820 (-38.3%), from €88,299 to €54,479
- Tax, wage and social debts +€16,020
up €16,020 (+45.1%), from €35,543 to €51,563
of which Taxes: +€11,760
- Trade debts +€7,088
up €7,088 (+16.8%), from €42,176 to €49,265
- Gross operating margin -€53,622
down €53,622 (-31.4%), from €170,856 to €117,234
- Taxes -€11,320
down €11,320 (-83.0%), from €13,646 to €2,326
- Financial charges +€3,961
up €3,961 (+37.6%), from €10,531 to €14,492
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 | €269,051 | €260,401 | -€8,651 | -3.2% |
| Fixed assets | 21/28 | €192,221 | €154,054 | -€38,167 | -19.9% |
| Intangible fixed assets | 21 | €19,833 | €17,333 | -€2,500 | -12.6% |
| Tangible fixed assets | 22/27 | €172,388 | €136,721 | -€35,667 | -20.7% |
| Plant, machinery and equipment | 23 | €65,476 | €43,843 | -€21,633 | -33.0% |
| Furniture and vehicles | 24 | €6,981 | €4,873 | -€2,108 | -30.2% |
| Other tangible fixed assets | 26 | €99,930 | €88,004 | -€11,926 | -11.9% |
| Current assets | 29/58 | €76,830 | €106,347 | +€29,516 | +38.4% |
| Stocks and contracts in progress | 3 | €9,825 | €9,306 | -€519 | -5.3% |
| Stocks | 30/36 | €9,825 | €9,306 | -€519 | -5.3% |
| Amounts receivable within one year | 40/41 | €45,794 | €71,916 | +€26,122 | +57.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €45,794 | €71,916 | +€26,122 | +57.0% |
| Cash at bank and in hand | 54/58 | €20,271 | €24,348 | +€4,077 | +20.1% |
| Deferred charges and accrued income | 490/1 | €940 | €776 | -€164 | -17.4% |
| Total equity and liabilities | 10/49 | €269,051 | €260,401 | -€8,651 | -3.2% |
| Equity | 10/15 | €67,388 | €68,260 | +€872 | +1.3% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €62,588 | €63,460 | +€872 | +1.4% |
| Distributable reserves | 133 | €62,588 | €63,460 | +€872 | +1.4% |
| Amounts payable | 17/49 | €201,663 | €192,141 | -€9,523 | -4.7% |
| Amounts payable after more than one year | 17 | €88,299 | €54,479 | -€33,820 | -38.3% |
| Financial debts | 170/4 | €88,299 | €54,479 | -€33,820 | -38.3% |
| Amounts payable within one year | 42/48 | €112,931 | €134,648 | +€21,718 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €35,211 | €33,820 | -€1,391 | -3.9% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €42,176 | €49,265 | +€7,088 | +16.8% |
| Suppliers | 440/4 | €42,176 | €49,265 | +€7,088 | +16.8% |
| Taxes, remuneration and social security | 45 | €35,543 | €51,563 | +€16,020 | +45.1% |
| Taxes | 450/3 | €29,431 | €41,191 | +€11,760 | +40.0% |
| Remuneration and social security | 454/9 | €6,112 | €10,372 | +€4,260 | +69.7% |
| Accrued charges and deferred income | 492/3 | €434 | €3,014 | +€2,580 | +594.5% |
| Remuneration, social security and pensions | 62 | €59,737 | €59,771 | +€34 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,967 | €38,167 | +€200 | +0.5% |
| Other operating charges | 640/8 | €1,477 | €2,389 | +€911 | +61.7% |
| Gross operating margin | 9900 | €170,856 | €117,234 | -€53,622 | -31.4% |
| Operating profit (loss) | 9901 | €71,676 | €16,907 | -€54,768 | -76.4% |
| Financial income | 75/76B | €971 | €783 | -€188 | -19.4% |
| Recurring financial income | 75 | €971 | €783 | -€188 | -19.4% |
| Financial charges | 65/66B | €10,531 | €14,492 | +€3,961 | +37.6% |
| Recurring financial charges | 65 | €10,531 | €14,492 | +€3,961 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €62,115 | €3,198 | -€58,917 | -94.9% |
| Income taxes | 67/77 | €13,646 | €2,326 | -€11,320 | -83.0% |
| Profit (loss) for the period | 9904 | €48,469 | €872 | -€47,597 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,469 | €872 | -€47,597 | -98.2% |
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 9 October 2026 via checked.be.