GENBRUGGE - LOEMAN: 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 - LOEMAN
Largest movements
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables within one year -€147,000
down €147,000 (-75.0%), from €196,125 to €49,125
of which Trade receivables: -€162,381
- Cash +€137,638
up €137,638 (+146%), from €94,563 to €232,201
mainly Current investments (+€300,000) and Receivables within one year (+€147,000)
- Tangible fixed assets -€16,800
down €16,800 (-52.8%), from €31,821 to €15,021
- Other debts -€208,646
no longer reported in 2025 (was €208,646)
- Tax, wage and social debts -€120,660
down €120,660 (-97.6%), from €123,660 to €3,000
- Reserves +€11,877
up €11,877 (+4.3%), from €274,357 to €286,234
- Current portion of long-term debt -€10,209
no longer reported in 2025 (was €10,209)
- Gross operating margin -€340,742
down €340,742 (-92.2%), from €369,566 to €28,824
- Taxes -€110,551
down €110,551 (-95.7%), from €115,476 to €4,924
- Financial income +€3,862
up €3,862 (+142%), from €2,719 to €6,581
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 | €625,572 | €299,558 | -€326,014 | -52.1% |
| Fixed assets | 21/28 | €31,821 | €15,021 | -€16,800 | -52.8% |
| Tangible fixed assets | 22/27 | €31,821 | €15,021 | -€16,800 | -52.8% |
| Furniture and vehicles | 24 | €31,821 | €15,021 | -€16,800 | -52.8% |
| Current assets | 29/58 | €593,751 | €284,536 | -€309,214 | -52.1% |
| Amounts receivable within one year | 40/41 | €196,125 | €49,125 | -€147,000 | -75.0% |
| Trade receivables | 40 | €182,149 | €19,767 | -€162,381 | -89.1% |
| Other amounts receivable | 41 | €13,976 | €29,358 | +€15,382 | +110% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €94,563 | €232,201 | +€137,638 | +146% |
| Deferred charges and accrued income | 490/1 | €3,063 | €3,211 | +€148 | +4.8% |
| Total equity and liabilities | 10/49 | €625,572 | €299,558 | -€326,014 | -52.1% |
| Equity | 10/15 | €282,417 | €294,294 | +€11,877 | +4.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €274,357 | €286,234 | +€11,877 | +4.3% |
| Distributable reserves | 133 | €274,357 | €286,234 | +€11,877 | +4.3% |
| Amounts payable | 17/49 | €343,155 | €5,264 | -€337,891 | -98.5% |
| Amounts payable within one year | 42/48 | €343,155 | €5,264 | -€337,891 | -98.5% |
| Current portion of amounts payable after more than one year | 42 | €10,209 | - | -€10,209 | |
| Trade debts | 44 | €640 | €2,264 | +€1,624 | +254% |
| Suppliers | 440/4 | €640 | €2,264 | +€1,624 | +254% |
| Taxes, remuneration and social security | 45 | €123,660 | €3,000 | -€120,660 | -97.6% |
| Taxes | 450/3 | €123,660 | €3,000 | -€120,660 | -97.6% |
| Other amounts payable | 47/48 | €208,646 | - | -€208,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,114 | €16,800 | -€314 | -1.8% |
| Other operating charges | 640/8 | €1,607 | €1,527 | -€80 | -5.0% |
| Gross operating margin | 9900 | €369,566 | €28,824 | -€340,742 | -92.2% |
| Operating profit (loss) | 9901 | €350,845 | €10,497 | -€340,348 | -97.0% |
| Financial income | 75/76B | €2,719 | €6,581 | +€3,862 | +142% |
| Recurring financial income | 75 | €2,719 | €6,581 | +€3,862 | +142% |
| Financial charges | 65/66B | €429 | €277 | -€152 | -35.4% |
| Recurring financial charges | 65 | €429 | €277 | -€152 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €353,135 | €16,801 | -€336,334 | -95.2% |
| Income taxes | 67/77 | €115,476 | €4,924 | -€110,551 | -95.7% |
| Profit (loss) for the period | 9904 | €237,659 | €11,877 | -€225,782 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €237,659 | €11,877 | -€225,782 | -95.0% |
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 1 November 2026 via checked.be.