Gent Drive: 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.
Gent Drive
Largest movements
- Receivables within one year -€10,417
down €10,417 (-24.5%), from €42,556 to €32,139
of which Trade receivables: -€14,671
- Cash +€7,063
up €7,063 (+2624.6%), from €269 to €7,332
mainly Net result for the year (+€17,539) and Receivables within one year (+€10,417)
- Tangible fixed assets +€4,780
new in 2025: €4,780
- Financial fixed assets +€1,171
up €1,171 (+269.2%), from €435 to €1,606
- Profit (loss) carried forward +€17,539
up €17,539 (+94.5%), from -€18,561 to -€1,022
- Trade debts -€11,751
down €11,751 (-55.1%), from €21,314 to €9,563
- Other debts -€4,790
down €4,790 (-16.9%), from €28,381 to €23,591
- Tax, wage and social debts +€1,599
up €1,599 (+75.2%), from €2,126 to €3,725
of which Taxes: +€1,481
- Gross operating margin +€53,267
up €53,267, from -€14,295 to €38,972
- Staff costs +€15,138
new in 2025: €15,138
- Taxes +€1,307
new in 2025: €1,307
- Other operating charges +€1,103
up €1,103 (+36.9%), from €2,988 to €4,091
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 | €43,260 | €45,857 | +€2,597 | +6.0% |
| Fixed assets | 21/28 | €435 | €6,386 | +€5,951 | +1368.0% |
| Tangible fixed assets | 22/27 | - | €4,780 | +€4,780 | |
| Furniture and vehicles | 24 | - | €4,780 | +€4,780 | |
| Financial fixed assets | 28 | €435 | €1,606 | +€1,171 | +269.2% |
| Current assets | 29/58 | €42,825 | €39,471 | -€3,354 | -7.8% |
| Amounts receivable within one year | 40/41 | €42,556 | €32,139 | -€10,417 | -24.5% |
| Trade receivables | 40 | €41,396 | €26,725 | -€14,671 | -35.4% |
| Other amounts receivable | 41 | €1,160 | €5,414 | +€4,254 | +366.8% |
| Cash at bank and in hand | 54/58 | €269 | €7,332 | +€7,063 | +2624.6% |
| Total equity and liabilities | 10/49 | €43,260 | €45,857 | +€2,597 | +6.0% |
| Equity | 10/15 | -€8,561 | €8,978 | +€17,539 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,561 | -€1,022 | +€17,539 | +94.5% |
| Amounts payable | 17/49 | €51,821 | €36,879 | -€14,942 | -28.8% |
| Amounts payable within one year | 42/48 | €51,821 | €36,879 | -€14,942 | -28.8% |
| Trade debts | 44 | €21,314 | €9,563 | -€11,751 | -55.1% |
| Suppliers | 440/4 | €21,314 | €9,563 | -€11,751 | -55.1% |
| Taxes, remuneration and social security | 45 | €2,126 | €3,725 | +€1,599 | +75.2% |
| Taxes | 450/3 | - | €1,481 | +€1,481 | |
| Remuneration and social security | 454/9 | €2,126 | €2,244 | +€118 | +5.5% |
| Other amounts payable | 47/48 | €28,381 | €23,591 | -€4,790 | -16.9% |
| Remuneration, social security and pensions | 62 | - | €15,138 | +€15,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €592 | -€363 | -38.0% |
| Other operating charges | 640/8 | €2,988 | €4,091 | +€1,103 | +36.9% |
| Gross operating margin | 9900 | -€14,295 | €38,972 | +€53,267 | |
| Operating profit (loss) | 9901 | -€18,238 | €19,151 | +€37,389 | |
| Financial income | 75/76B | €4 | €12 | +€8 | +188.2% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +188.2% |
| Financial charges | 65/66B | €328 | €317 | -€10 | -3.2% |
| Recurring financial charges | 65 | €328 | €317 | -€10 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,561 | €18,846 | +€37,407 | |
| Income taxes | 67/77 | - | €1,307 | +€1,307 | |
| Profit (loss) for the period | 9904 | -€18,561 | €17,539 | +€36,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,561 | €17,539 | +€36,100 |
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 11 October 2026 via checked.be.