Gent Sign: what changed
Gent Sign
Largest movements
- Current investments -€1.4m
down €1.4m (-90.1%), from €1.5m to €149,250
- Cash +€1.2m
up €1.2m (+853%), from €141,560 to €1.3m
mainly Current investments (+€1.4m) and Net result for the year (+€609,034)
- Tangible fixed assets +€510,510
up €510,510 (+68.4%), from €746,033 to €1.3m
of which Land and buildings: +€361,593
- Receivables within one year +€413,656
up €413,656 (+74.0%), from €558,799 to €972,454
of which Other amounts receivable: +€317,301
- Reserves +€595,000
up €595,000 (+25.4%), from €2.3m to €2.9m
- Trade debts -€203,359
down €203,359 (-76.7%), from €265,014 to €61,655
- Tax, wage and social debts +€202,693
up €202,693 (+316%), from €64,089 to €266,782
- Debts after one year +€74,750
up €74,750 (+36.0%), from €207,811 to €282,561
of which Financial debts: +€74,620
- Other debts +€57,835
up €57,835 (+132%), from €43,868 to €101,704
- Depreciation +€88,033
up €88,033 (+106%), from €83,383 to €171,416
- Gross operating margin +€32,024
up €32,024 (+3.1%), from €1.0m to €1.1m
- Financial income +€17,947
up €17,947 (+42,110%), from €43 to €17,990
- Taxes -€13,179
down €13,179 (-4.4%), from €300,615 to €287,436
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,992,609 | €3,755,923 | +€763,314 | +25.5% |
| Fixed assets | 21/28 | €746,033 | €1,256,543 | +€510,510 | +68.4% |
| Tangible fixed assets | 22/27 | €746,033 | €1,256,543 | +€510,510 | +68.4% |
| Land and buildings | 22 | €605,061 | €966,653 | +€361,593 | +59.8% |
| Furniture and vehicles | 24 | €140,973 | €289,890 | +€148,917 | +106% |
| Current assets | 29/58 | €2,246,575 | €2,499,380 | +€252,805 | +11.3% |
| Stocks and contracts in progress | 3 | €12,531 | €9,259 | -€3,272 | -26.1% |
| Stocks | 30/36 | €12,531 | €9,259 | -€3,272 | -26.1% |
| Amounts receivable within one year | 40/41 | €558,799 | €972,454 | +€413,656 | +74.0% |
| Trade receivables | 40 | €558,799 | €655,153 | +€96,354 | +17.2% |
| Other amounts receivable | 41 | - | €317,301 | +€317,301 | |
| Current investments | 50/53 | €1,500,000 | €149,250 | -€1.4m | -90.1% |
| Cash at bank and in hand | 54/58 | €141,560 | €1,348,950 | +€1.2m | +853% |
| Deferred charges and accrued income | 490/1 | €33,686 | €19,467 | -€14,219 | -42.2% |
| Total equity and liabilities | 10/49 | €2,992,609 | €3,755,923 | +€763,314 | +25.5% |
| Equity | 10/15 | €2,368,057 | €2,977,091 | +€609,034 | +25.7% |
| Contributions | 10/11 | €20,405 | €18,550 | -€1,855 | -9.1% |
| Reserves | 13 | €2,346,682 | €2,941,682 | +€595,000 | +25.4% |
| Distributable reserves | 133 | €2,346,682 | €2,941,682 | +€595,000 | +25.4% |
| Profit (loss) carried forward | 14 | €970 | €16,859 | +€15,889 | +1,638% |
| Amounts payable | 17/49 | €624,552 | €778,832 | +€154,280 | +24.7% |
| Amounts payable after more than one year | 17 | €207,811 | €282,561 | +€74,750 | +36.0% |
| Financial debts | 170/4 | €207,811 | €282,431 | +€74,620 | +35.9% |
| Other amounts payable | 178/9 | - | €130 | +€130 | |
| Amounts payable within one year | 42/48 | €410,111 | €496,194 | +€86,083 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €37,139 | €66,053 | +€28,914 | +77.9% |
| Trade debts | 44 | €265,014 | €61,655 | -€203,359 | -76.7% |
| Suppliers | 440/4 | €265,014 | €61,655 | -€203,359 | -76.7% |
| Taxes, remuneration and social security | 45 | €64,089 | €266,782 | +€202,693 | +316% |
| Taxes | 450/3 | €64,089 | €266,782 | +€202,693 | +316% |
| Other amounts payable | 47/48 | €43,868 | €101,704 | +€57,835 | +132% |
| Accrued charges and deferred income | 492/3 | €6,629 | €77 | -€6,552 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,383 | €171,416 | +€88,033 | +106% |
| Other operating charges | 640/8 | €2,882 | €4,103 | +€1,221 | +42.4% |
| Non-recurring operating charges | 66A | - | €5,680 | +€5,680 | |
| Gross operating margin | 9900 | €1,039,215 | €1,071,239 | +€32,024 | +3.1% |
| Operating profit (loss) | 9901 | €952,950 | €890,040 | -€62,910 | -6.6% |
| Financial income | 75/76B | €43 | €17,990 | +€17,947 | +42,110% |
| Recurring financial income | 75 | €43 | €17,990 | +€17,947 | +42,110% |
| Financial charges | 65/66B | €8,314 | €11,560 | +€3,246 | +39.0% |
| Recurring financial charges | 65 | €8,314 | €11,560 | +€3,246 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €944,678 | €896,470 | -€48,208 | -5.1% |
| Income taxes | 67/77 | €300,615 | €287,436 | -€13,179 | -4.4% |
| Profit (loss) for the period | 9904 | €644,063 | €609,034 | -€35,029 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €644,063 | €609,034 | -€35,029 | -5.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.