GENT-EXPRESS: what changed
Two fiscal 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-EXPRESS
Largest movements
- Receivables within one year +€78,676
up €78,676 (+18.8%), from €418,960 to €497,636
of which Trade receivables: +€86,574
- Cash -€25,221
down €25,221 (-28.4%), from €88,869 to €63,648
mainly Receivables within one year (-€78,676) and Tax, wage and social debts (-€22,130)
- Profit (loss) carried forward +€52,598
up €52,598 (+12.7%), from €414,046 to €466,644
- Trade debts +€22,147
up €22,147 (+45.3%), from €48,943 to €71,091
- Tax, wage and social debts -€22,130
down €22,130 (-69.7%), from €31,768 to €9,638
of which Taxes: -€22,130
- Gross operating margin +€44,581
up €44,581 (+115.0%), from €38,750 to €83,331
- Other operating charges +€8,471
up €8,471 (+131.9%), from €6,421 to €14,892
- Taxes +€4,082
up €4,082 (+39.7%), from €10,275 to €14,357
- Financial charges -€1,496
down €1,496 (-51.9%), from €2,882 to €1,386
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 | €523,059 | €579,204 | +€56,145 | +10.7% |
| Fixed assets | 21/28 | €8,693 | €10,593 | +€1,899 | +21.8% |
| Tangible fixed assets | 22/27 | €383 | €207 | -€176 | -45.8% |
| Plant, machinery and equipment | 23 | €337 | €207 | -€129 | -38.4% |
| Furniture and vehicles | 24 | €46 | €0 | -€46 | -100.0% |
| Financial fixed assets | 28 | €8,310 | €10,385 | +€2,075 | +25.0% |
| Current assets | 29/58 | €514,366 | €568,611 | +€54,245 | +10.5% |
| Amounts receivable within one year | 40/41 | €418,960 | €497,636 | +€78,676 | +18.8% |
| Trade receivables | 40 | €403,565 | €490,139 | +€86,574 | +21.5% |
| Other amounts receivable | 41 | €15,395 | €7,497 | -€7,897 | -51.3% |
| Cash at bank and in hand | 54/58 | €88,869 | €63,648 | -€25,221 | -28.4% |
| Deferred charges and accrued income | 490/1 | €6,537 | €7,327 | +€790 | +12.1% |
| Total equity and liabilities | 10/49 | €523,059 | €579,204 | +€56,145 | +10.7% |
| Equity | 10/15 | €437,089 | €489,688 | +€52,598 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,443 | €4,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,443 | €4,443 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,443 | €4,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | €414,046 | €466,644 | +€52,598 | +12.7% |
| Amounts payable | 17/49 | €85,970 | €89,516 | +€3,546 | +4.1% |
| Amounts payable within one year | 42/48 | €85,970 | €89,516 | +€3,546 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €4,037 | +€4,037 | |
| Credit institutions | 430/8 | - | €4,037 | +€4,037 | |
| Trade debts | 44 | €48,943 | €71,091 | +€22,147 | +45.3% |
| Suppliers | 440/4 | €48,943 | €71,091 | +€22,147 | +45.3% |
| Taxes, remuneration and social security | 45 | €31,768 | €9,638 | -€22,130 | -69.7% |
| Taxes | 450/3 | €31,768 | €9,638 | -€22,130 | -69.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,259 | €4,750 | -€508 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €176 | -€553 | -75.9% |
| Other operating charges | 640/8 | €6,421 | €14,892 | +€8,471 | +131.9% |
| Gross operating margin | 9900 | €38,750 | €83,331 | +€44,581 | +115.0% |
| Operating profit (loss) | 9901 | €31,601 | €68,263 | +€36,662 | +116.0% |
| Financial income | 75/76B | €391 | €78 | -€313 | -80.0% |
| Recurring financial income | 75 | €391 | €78 | -€313 | -80.0% |
| Financial charges | 65/66B | €2,882 | €1,386 | -€1,496 | -51.9% |
| Recurring financial charges | 65 | €2,882 | €1,386 | -€1,496 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €29,111 | €66,956 | +€37,845 | +130.0% |
| Income taxes | 67/77 | €10,275 | €14,357 | +€4,082 | +39.7% |
| Profit (loss) for the period | 9904 | €18,836 | €52,598 | +€33,762 | +179.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,836 | €52,598 | +€33,762 | +179.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.