GENGOULF: 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.
GENGOULF
Largest movements
- Receivables within one year -€4,969
down €4,969 (-47.8%), from €10,386 to €5,417
of which Trade receivables: -€4,969
- Tangible fixed assets -€2,758
down €2,758 (-50.5%), from €5,458 to €2,701
of which Plant, machinery and equipment: -€2,398
- Cash +€606
up €606 (+59.1%), from €1,026 to €1,632
mainly Receivables within one year (+€4,969) and Depreciation (+€2,758)
- Trade debts -€5,748
down €5,748 (-43.6%), from €13,195 to €7,447
- Profit (loss) carried forward -€2,647
down €2,647 (-1.1%), from -€243,924 to -€246,571
- Tax, wage and social debts +€636
up €636 (+181%), from €352 to €987
- Financial charges -€9,956
down €9,956 (-98.6%), from €10,094 to €138
- Gross operating margin -€7,421
down €7,421 (-91.0%), from €8,159 to €738
- Other operating charges -€1,722
down €1,722 (-77.8%), from €2,213 to €490
- Depreciation -€142
down €142 (-4.9%), from €2,899 to €2,758
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 | €31,692 | €24,133 | -€7,560 | -23.9% |
| Fixed assets | 21/28 | €7,795 | €5,037 | -€2,758 | -35.4% |
| Tangible fixed assets | 22/27 | €5,458 | €2,701 | -€2,758 | -50.5% |
| Plant, machinery and equipment | 23 | €3,298 | €901 | -€2,398 | -72.7% |
| Other tangible fixed assets | 26 | €2,160 | €1,800 | -€360 | -16.7% |
| Financial fixed assets | 28 | €2,337 | €2,337 | = | 0.0% |
| Current assets | 29/58 | €23,898 | €19,095 | -€4,802 | -20.1% |
| Stocks and contracts in progress | 3 | €12,166 | €11,929 | -€238 | -2.0% |
| Stocks | 30/36 | €12,166 | €11,929 | -€238 | -2.0% |
| Amounts receivable within one year | 40/41 | €10,386 | €5,417 | -€4,969 | -47.8% |
| Trade receivables | 40 | €9,786 | €4,817 | -€4,969 | -50.8% |
| Other amounts receivable | 41 | €600 | €600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,026 | €1,632 | +€606 | +59.1% |
| Deferred charges and accrued income | 490/1 | €320 | €118 | -€202 | -63.2% |
| Total equity and liabilities | 10/49 | €31,692 | €24,133 | -€7,560 | -23.9% |
| Equity | 10/15 | -€204,758 | -€207,406 | -€2,647 | -1.3% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €565 | €565 | = | 0.0% |
| Non-distributable reserves | 130/1 | €565 | €565 | = | 0.0% |
| Reserves not available under the articles | 1311 | €565 | €565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,924 | -€246,571 | -€2,647 | -1.1% |
| Amounts payable | 17/49 | €236,451 | €231,538 | -€4,912 | -2.1% |
| Amounts payable after more than one year | 17 | €39,507 | €39,507 | = | 0.0% |
| Financial debts | 170/4 | €39,507 | €39,507 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,582 | €191,670 | -€4,912 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €6,725 | €6,725 | = | 0.0% |
| Trade debts | 44 | €13,195 | €7,447 | -€5,748 | -43.6% |
| Suppliers | 440/4 | €13,195 | €7,447 | -€5,748 | -43.6% |
| Taxes, remuneration and social security | 45 | €352 | €987 | +€636 | +181% |
| Taxes | 450/3 | €352 | €987 | +€636 | +181% |
| Other amounts payable | 47/48 | €176,310 | €176,510 | +€200 | +0.1% |
| Accrued charges and deferred income | 492/3 | €362 | €362 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,899 | €2,758 | -€142 | -4.9% |
| Other operating charges | 640/8 | €2,213 | €490 | -€1,722 | -77.8% |
| Gross operating margin | 9900 | €8,159 | €738 | -€7,421 | -91.0% |
| Operating profit (loss) | 9901 | €3,047 | -€2,510 | -€5,557 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €10,094 | €138 | -€9,956 | -98.6% |
| Recurring financial charges | 65 | €10,094 | €138 | -€9,956 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,038 | -€2,647 | +€4,390 | +62.4% |
| Profit (loss) for the period | 9904 | -€7,038 | -€2,647 | +€4,390 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,038 | -€2,647 | +€4,390 | +62.4% |
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 29 October 2026 via checked.be.