GENTALS: 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.
What changed
GENTALS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.2m
2024 · -€363,482+€5.5m
Equity
€22.4m
2024 · €17.3m+€5.2m
Cash
€1.1m
2024 · €4.5m-€3.4m
Balance sheet total
€56.7m
2024 · €49.5m+€7.2m
Largest movements
Assets
- Financial fixed assets +€5.1m
up €5.1m (+14.6%), from €35.0m to €40.1m
of which Affiliated companies: +€5.1m
- Receivables within one year +€4.7m
up €4.7m (+69.8%), from €6.7m to €11.4m
of which Other amounts receivable: +€4.1m
- Cash -€3.4m
down €3.4m (-76.2%), from €4.5m to €1.1m
mainly Other debts (-€8.5m) and Investment in fixed assets (net) (-€6.5m)
- Intangible fixed assets +€679,532
up €679,532 (+197.9%), from €343,401 to €1.0m
Equity and liabilities
- Other debts -€8.5m
down €8.5m (-66.6%), from €12.8m to €4.3m
- Debts after one year +€5.4m
up €5.4m (+73.4%), from €7.4m to €12.8m
- Reserves +€5.2m
up €5.2m (+63.8%), from €8.1m to €13.3m
of which Distributable reserves: +€5.2m
- Short-term financial debts +€2.5m
up €2.5m (+25.0%), from €10.0m to €12.5m
- Current portion of long-term debt +€1.9m
up €1.9m (+354.7%), from €533,794 to €2.4m
Income statement
- Financial income +€7.5m
up €7.5m (+467.4%), from €1.6m to €9.1m
of which Financial income: +€8.6m
- Financial charges +€2.4m
up €2.4m (+101.7%), from €2.4m to €4.8m
of which Non-recurring financial charges: +€2.2m
- Turnover +€906,462
up €906,462 (+10.5%), from €8.6m to €9.5m
- Goods and materials +€616,010
up €616,010 (+14.8%), from €4.2m to €4.8m
of which Purchases: +€667,811
- Write-downs -€377,885
no longer reported in 2025 (was €377,885)
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.
Result 2024
-€363,482
Turnover
+€906,462
Other operating income
+€255
Goods and materials
-€616,010
Services and other goods
-€76,889
Staff costs
+€9,404
Depreciation
-€252,121
Write-downs
+€377,885
Other operating charges
+€13,430
Other operating items
+€79,953
Financial income
+€7.5m
Financial charges
-€2.4m
Taxes
+€1,705
Result 2025
€5.2m
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.
From operations
-€6.7m
Investment
-€6.5m
Financing
+€9.8m
Cash 2024
€4.5m
From operations (derived)
-€6.7m
Net result for the year
+€5.2m
Depreciation
+€820,064
Stocks and contracts
-€39,579
Receivables within one year
-€4.7m
Deferred charges and accrued income
-€213,216
Trade debts
+€949,694
Tax, wage and social debts
-€126,922
Other debts
-€8.5m
Accrued charges and deferred income
-€50,116
Investment (derived)
-€6.5m
Investment in fixed assets (net)
-€6.5m
Financing
+€9.8m
Debts after one year
+€5.4m
Current portion of long-term debt
+€1.9m
Short-term financial debts
+€2.5m
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,462,456 | €56,695,720 | +€7.2m | +14.6% |
| Fixed assets | 21/28 | €37,817,126 | €43,502,893 | +€5.7m | +15.0% |
| Intangible fixed assets | 21 | €343,401 | €1,022,933 | +€679,532 | +197.9% |
| Tangible fixed assets | 22/27 | €2,435,535 | €2,335,025 | -€100,509 | -4.1% |
| Land and buildings | 22 | €1,022,977 | €976,588 | -€46,389 | -4.5% |
| Plant, machinery and equipment | 23 | €65,699 | €25,699 | -€40,000 | -60.9% |
| Furniture and vehicles | 24 | €722,800 | €594,946 | -€127,855 | -17.7% |
| Leasing and similar rights | 25 | €218,652 | €127,743 | -€90,909 | -41.6% |
| Assets under construction and advance payments | 27 | €405,407 | €610,050 | +€204,643 | +50.5% |
| Financial fixed assets | 28 | €35,038,190 | €40,144,935 | +€5.1m | +14.6% |
| Affiliated companies | 280/1 | €35,020,915 | €40,127,660 | +€5.1m | +14.6% |
| Participating interests | 280 | €32,660,295 | €38,454,750 | +€5.8m | +17.7% |
| Amounts receivable | 281 | €2,360,621 | €1,672,910 | -€687,710 | -29.1% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Participating interests | 282 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €17,275 | €17,275 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,275 | €17,275 | = | 0.0% |
| Current assets | 29/58 | €11,645,330 | €13,192,827 | +€1.5m | +13.3% |
| Stocks and contracts in progress | 3 | €71,449 | €111,029 | +€39,579 | +55.4% |
| Stocks | 30/36 | €71,449 | €111,029 | +€39,579 | +55.4% |
| Raw materials and consumables | 30/31 | €71,449 | €111,029 | +€39,579 | +55.4% |
| Amounts receivable within one year | 40/41 | €6,735,366 | €11,438,435 | +€4.7m | +69.8% |
| Trade receivables | 40 | €750,608 | €1,334,848 | +€584,240 | +77.8% |
| Other amounts receivable | 41 | €5,984,758 | €10,103,587 | +€4.1m | +68.8% |
| Cash at bank and in hand | 54/58 | €4,471,405 | €1,063,037 | -€3.4m | -76.2% |
| Deferred charges and accrued income | 490/1 | €367,110 | €580,326 | +€213,216 | +58.1% |
| Total equity and liabilities | 10/49 | €49,462,456 | €56,695,720 | +€7.2m | +14.6% |
| Equity | 10/15 | €17,253,442 | €22,439,415 | +€5.2m | +30.1% |
| Contributions | 10/11 | €9,129,588 | €9,129,588 | = | 0.0% |
| Capital | 10 | €9,129,588 | €9,129,588 | = | 0.0% |
| Issued capital | 100 | €9,129,588 | €9,129,588 | = | 0.0% |
| Reserves | 13 | €8,123,854 | €13,309,827 | +€5.2m | +63.8% |
| Non-distributable reserves | 130/1 | €371,840 | €371,840 | = | 0.0% |
| Legal reserve | 130 | €371,840 | €371,840 | = | 0.0% |
| Distributable reserves | 133 | €7,752,014 | €12,937,987 | +€5.2m | +66.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €32,209,014 | €34,256,305 | +€2.0m | +6.4% |
| Amounts payable after more than one year | 17 | €7,372,886 | €12,785,547 | +€5.4m | +73.4% |
| Financial debts | 170/4 | €7,372,886 | €12,785,547 | +€5.4m | +73.4% |
| Leasing and similar obligations | 172 | €114,898 | €40,803 | -€74,096 | -64.5% |
| Credit institutions | 173 | €2,442,488 | €8,744,744 | +€6.3m | +258.0% |
| Other loans | 174 | €4,815,499 | €4,000,000 | -€815,499 | -16.9% |
| Amounts payable within one year | 42/48 | €24,713,988 | €21,398,734 | -€3.3m | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €533,794 | €2,426,910 | +€1.9m | +354.7% |
| Financial debts | 43 | €10,000,000 | €12,500,000 | +€2.5m | +25.0% |
| Credit institutions | 430/8 | €10,000,000 | €12,500,000 | +€2.5m | +25.0% |
| Trade debts | 44 | €746,075 | €1,695,769 | +€949,694 | +127.3% |
| Suppliers | 440/4 | €746,075 | €1,695,769 | +€949,694 | +127.3% |
| Taxes, remuneration and social security | 45 | €630,173 | €503,251 | -€126,922 | -20.1% |
| Taxes | 450/3 | €80,590 | €8,730 | -€71,860 | -89.2% |
| Remuneration and social security | 454/9 | €549,583 | €494,522 | -€55,062 | -10.0% |
| Other amounts payable | 47/48 | €12,803,946 | €4,272,803 | -€8.5m | -66.6% |
| Accrued charges and deferred income | 492/3 | €122,141 | €72,024 | -€50,116 | -41.0% |
| Operating income | 70/76A | €8,792,420 | €9,779,090 | +€986,670 | +11.2% |
| Turnover | 70 | €8,622,599 | €9,529,061 | +€906,462 | +10.5% |
| Own construction capitalised | 72 | - | €111,000 | +€111,000 | |
| Other operating income | 74 | €138,567 | €138,822 | +€255 | +0.2% |
| Non-recurring operating income | 76A | €31,253 | €207 | -€31,047 | -99.3% |
| Operating charges | 60/66A | €8,396,929 | €8,941,230 | +€544,300 | +6.5% |
| Goods for resale, raw materials and consumables | 60 | €4,172,377 | €4,788,387 | +€616,010 | +14.8% |
| Purchases | 600/8 | €4,160,156 | €4,827,967 | +€667,811 | +16.1% |
| Change in stocks: decrease (increase) | 609 | €12,221 | -€39,579 | -€51,800 | |
| Services and other goods | 61 | €1,392,882 | €1,469,771 | +€76,889 | +5.5% |
| Remuneration, social security and pensions | 62 | €1,839,723 | €1,830,319 | -€9,404 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €567,943 | €820,064 | +€252,121 | +44.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €377,885 | - | -€377,885 | |
| Other operating charges | 640/8 | €46,119 | €32,689 | -€13,430 | -29.1% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Operating profit (loss) | 9901 | €395,490 | €837,860 | +€442,369 | +111.9% |
| Financial income | 75/76B | €1,605,957 | €9,112,025 | +€7.5m | +467.4% |
| Recurring financial income | 75 | €465,957 | €9,112,025 | +€8.6m | +1855.6% |
| Income from financial fixed assets | 750 | - | €8,486,381 | +€8.5m | |
| Income from current assets | 751 | €465,957 | €625,461 | +€159,505 | +34.2% |
| Other financial income | 752/9 | - | €182 | +€182 | |
| Non-recurring financial income | 76B | €1,140,000 | €0 | -€1.1m | -100.0% |
| Financial charges | 65/66B | €2,359,929 | €4,760,616 | +€2.4m | +101.7% |
| Recurring financial charges | 65 | €1,219,929 | €1,392,582 | +€172,653 | +14.2% |
| Debt charges | 650 | €1,213,773 | €1,392,582 | +€178,808 | +14.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €0 | = | |
| Other financial charges | 652/9 | €6,155 | - | -€6,155 | |
| Non-recurring financial charges | 66B | €1,140,000 | €3,368,035 | +€2.2m | +195.4% |
| Profit (loss) for the period before taxes | 9903 | -€358,482 | €5,189,268 | +€5.5m | |
| Income taxes | 67/77 | €5,000 | €3,295 | -€1,705 | -34.1% |
| Taxes | 670/3 | €5,000 | €3,295 | -€1,705 | -34.1% |
| Profit (loss) for the period | 9904 | -€363,482 | €5,185,973 | +€5.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€363,482 | €5,185,973 | +€5.5m |
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 5 October 2026 via checked.be.