GENBRUGGE JOHAN: 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.
GENBRUGGE JOHAN
Largest movements
- Tangible fixed assets +€171,953
up €171,953 (+1,639%), from €10,493 to €182,446
of which Furniture and vehicles: +€140,356
- Cash -€26,423
down €26,423 (-65.9%), from €40,114 to €13,691
mainly Investment in fixed assets (net) (-€187,619) and Tax, wage and social debts (-€7,505)
- Receivables within one year +€6,515
up €6,515 (+49.3%), from €13,216 to €19,731
of which Other amounts receivable: +€6,133
- Reserves +€70,636
up €70,636 (+234%), from €30,235 to €100,871
of which Tax-exempt reserves: +€53,521
- Debts after one year +€59,955
new in 2026: €59,955
- Provisions +€17,840
new in 2026: €17,840
- Current portion of long-term debt +€10,907
up €10,907 (+198%), from €5,499 to €16,406
- Tax, wage and social debts -€7,505
down €7,505 (-46.3%), from €16,205 to €8,700
- Gross operating margin +€69,972
up €69,972 (+155%), from €45,022 to €114,994
- Depreciation +€12,322
up €12,322 (+368%), from €3,344 to €15,666
- Taxes -€4,209
down €4,209 (-32.6%), from €12,918 to €8,709
- Financial charges +€1,597
up €1,597 (+534%), from €299 to €1,896
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,339 | €218,298 | +€153,959 | +239% |
| Fixed assets | 21/28 | €10,713 | €182,666 | +€171,953 | +1,605% |
| Tangible fixed assets | 22/27 | €10,493 | €182,446 | +€171,953 | +1,639% |
| Plant, machinery and equipment | 23 | €7,993 | €39,590 | +€31,597 | +395% |
| Furniture and vehicles | 24 | €2,500 | €142,856 | +€140,356 | +5,614% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €53,626 | €35,632 | -€17,994 | -33.6% |
| Amounts receivable within one year | 40/41 | €13,216 | €19,731 | +€6,515 | +49.3% |
| Trade receivables | 40 | €2,260 | €2,642 | +€382 | +16.9% |
| Other amounts receivable | 41 | €10,956 | €17,089 | +€6,133 | +56.0% |
| Cash at bank and in hand | 54/58 | €40,114 | €13,691 | -€26,423 | -65.9% |
| Deferred charges and accrued income | 490/1 | €296 | €2,210 | +€1,914 | +647% |
| Total equity and liabilities | 10/49 | €64,339 | €218,298 | +€153,959 | +239% |
| Equity | 10/15 | €42,635 | €113,271 | +€70,636 | +166% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,235 | €100,871 | +€70,636 | +234% |
| Tax-exempt reserves | 132 | - | €53,521 | +€53,521 | |
| Distributable reserves | 133 | €30,235 | €47,350 | +€17,115 | +56.6% |
| Provisions and deferred taxes | 16 | - | €17,840 | +€17,840 | |
| Deferred taxes | 168 | - | €17,840 | +€17,840 | |
| Amounts payable | 17/49 | €21,704 | €87,187 | +€65,483 | +302% |
| Amounts payable after more than one year | 17 | - | €59,955 | +€59,955 | |
| Financial debts | 170/4 | - | €59,955 | +€59,955 | |
| Amounts payable within one year | 42/48 | €21,704 | €27,232 | +€5,528 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €5,499 | €16,406 | +€10,907 | +198% |
| Trade debts | 44 | - | €2,126 | +€2,126 | |
| Suppliers | 440/4 | - | €2,126 | +€2,126 | |
| Taxes, remuneration and social security | 45 | €16,205 | €8,700 | -€7,505 | -46.3% |
| Taxes | 450/3 | €16,205 | €8,700 | -€7,505 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,344 | €15,666 | +€12,322 | +368% |
| Other operating charges | 640/8 | €922 | €934 | +€12 | +1.3% |
| Gross operating margin | 9900 | €45,022 | €114,994 | +€69,972 | +155% |
| Operating profit (loss) | 9901 | €40,756 | €98,394 | +€57,638 | +141% |
| Financial income | 75/76B | €530 | €687 | +€157 | +29.6% |
| Recurring financial income | 75 | €530 | €687 | +€157 | +29.6% |
| Financial charges | 65/66B | €299 | €1,896 | +€1,597 | +534% |
| Recurring financial charges | 65 | €299 | €1,896 | +€1,597 | +534% |
| Profit (loss) for the period before taxes | 9903 | €40,987 | €97,185 | +€56,198 | +137% |
| Transfer from deferred taxes | 780 | - | €722 | +€722 | |
| Transfer to deferred taxes | 680 | - | €18,562 | +€18,562 | |
| Income taxes | 67/77 | €12,918 | €8,709 | -€4,209 | -32.6% |
| Profit (loss) for the period | 9904 | €28,069 | €70,636 | +€42,567 | +152% |
| Transfer from tax-exempt reserves | 789 | - | €2,166 | +€2,166 | |
| Transfer to tax-exempt reserves | 689 | - | €55,687 | +€55,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,069 | €17,115 | -€10,954 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.