GANSEVOORT: 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.
GANSEVOORT
Largest movements
- Current investments +€104,152
new in 2025: €104,152
- Receivables within one year -€95,314
down €95,314 (-68.5%), from €139,058 to €43,744
of which Trade receivables: -€114,879
- Cash +€82,212
up €82,212 (+35.8%), from €229,940 to €312,153
mainly Net result for the year (+€141,050) and Receivables within one year (+€95,314)
- Financial fixed assets +€17,500
new in 2025: €17,500
- Reserves +€141,050
up €141,050 (+46.4%), from €303,989 to €445,039
- Tax, wage and social debts -€19,012
down €19,012 (-38.5%), from €49,329 to €30,317
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€16,447
down €16,447 (-7.5%), from €219,022 to €202,576
- Financial income +€5,831
up €5,831, from €0 to €5,831
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 | €368,998 | €477,549 | +€108,551 | +29.4% |
| Fixed assets | 21/28 | €0 | €17,500 | +€17,500 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €17,500 | +€17,500 | |
| Current assets | 29/58 | €368,998 | €460,049 | +€91,051 | +24.7% |
| Amounts receivable within one year | 40/41 | €139,058 | €43,744 | -€95,314 | -68.5% |
| Trade receivables | 40 | €135,981 | €21,102 | -€114,879 | -84.5% |
| Other amounts receivable | 41 | €3,077 | €22,641 | +€19,565 | +635.9% |
| Current investments | 50/53 | - | €104,152 | +€104,152 | |
| Cash at bank and in hand | 54/58 | €229,940 | €312,153 | +€82,212 | +35.8% |
| Total equity and liabilities | 10/49 | €368,998 | €477,549 | +€108,551 | +29.4% |
| Equity | 10/15 | €304,989 | €446,039 | +€141,050 | +46.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €303,989 | €445,039 | +€141,050 | +46.4% |
| Distributable reserves | 133 | €303,989 | €445,039 | +€141,050 | +46.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €64,009 | €31,509 | -€32,500 | -50.8% |
| Amounts payable within one year | 42/48 | €64,009 | €31,509 | -€32,500 | -50.8% |
| Trade debts | 44 | €4,680 | €1,192 | -€3,488 | -74.5% |
| Suppliers | 440/4 | €4,680 | €1,192 | -€3,488 | -74.5% |
| Taxes, remuneration and social security | 45 | €49,329 | €30,317 | -€19,012 | -38.5% |
| Taxes | 450/3 | €49,329 | €30,317 | -€19,012 | -38.5% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | - | -€398 | |
| Other operating charges | 640/8 | €528 | €394 | -€134 | -25.3% |
| Gross operating margin | 9900 | €219,022 | €202,576 | -€16,447 | -7.5% |
| Operating profit (loss) | 9901 | €218,097 | €202,181 | -€15,915 | -7.3% |
| Financial income | 75/76B | €0 | €5,831 | +€5,831 | |
| Recurring financial income | 75 | €0 | €5,831 | +€5,831 | |
| Financial charges | 65/66B | €86 | €1,045 | +€959 | +1114.5% |
| Recurring financial charges | 65 | €86 | €1,045 | +€959 | +1114.5% |
| Profit (loss) for the period before taxes | 9903 | €218,011 | €206,968 | -€11,042 | -5.1% |
| Income taxes | 67/77 | €65,060 | €65,918 | +€858 | +1.3% |
| Profit (loss) for the period | 9904 | €152,951 | €141,050 | -€11,900 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,951 | €141,050 | -€11,900 | -7.8% |
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 12 October 2026 via checked.be.