GENTASSET ONE: 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.
GENTASSET ONE
Largest movements
- Tangible fixed assets +€333,010
up €333,010 (+6.7%), from €5.0m to €5.3m
of which Plant, machinery and equipment: +€501,031
- Deferred charges and accrued income -€282,208
down €282,208 (-96.4%), from €292,668 to €10,460
- Receivables within one year +€169,556
up €169,556 (+129%), from €131,748 to €301,305
of which Trade receivables: +€230,061
- Cash -€94,833
down €94,833 (-92.1%), from €102,949 to €8,116
mainly Investment in fixed assets (net) (-€598,420) and Debts after one year (-€202,373)
- Other debts +€482,168
up €482,168 (+11.1%), from €4.4m to €4.8m
- Debts after one year -€202,373
down €202,373 (-19.3%), from €1.1m to €848,000
- Trade debts -€138,515
down €138,515 (-56.6%), from €244,516 to €106,001
- Gross operating margin +€448,027
up €448,027 (+6,912%), from €6,481 to €454,508
- Depreciation +€129,975
up €129,975 (+96.0%), from €135,436 to €265,411
- Staff costs +€38,619
up €38,619 (+219%), from €17,624 to €56,244
- Other operating charges -€19,363
down €19,363 (-26.9%), from €71,954 to €52,590
- Taxes +€14,613
no longer reported in 2025 (was -€14,613)
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 | €5,529,961 | €5,655,485 | +€125,525 | +2.3% |
| Fixed assets | 21/28 | €5,002,595 | €5,335,604 | +€333,010 | +6.7% |
| Tangible fixed assets | 22/27 | €5,002,595 | €5,335,604 | +€333,010 | +6.7% |
| Land and buildings | 22 | €4,990,113 | €4,744,570 | -€245,542 | -4.9% |
| Plant, machinery and equipment | 23 | €12,482 | €513,513 | +€501,031 | +4,014% |
| Furniture and vehicles | 24 | - | €77,521 | +€77,521 | |
| Current assets | 29/58 | €527,366 | €319,881 | -€207,485 | -39.3% |
| Amounts receivable within one year | 40/41 | €131,748 | €301,305 | +€169,556 | +129% |
| Trade receivables | 40 | €70,957 | €301,018 | +€230,061 | +324% |
| Other amounts receivable | 41 | €60,791 | €287 | -€60,504 | -99.5% |
| Cash at bank and in hand | 54/58 | €102,949 | €8,116 | -€94,833 | -92.1% |
| Deferred charges and accrued income | 490/1 | €292,668 | €10,460 | -€282,208 | -96.4% |
| Total equity and liabilities | 10/49 | €5,529,961 | €5,655,485 | +€125,525 | +2.3% |
| Equity | 10/15 | -€337,382 | -€343,331 | -€5,949 | -1.8% |
| Contributions | 10/11 | €19,151 | €19,151 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€358,393 | -€364,341 | -€5,949 | -1.7% |
| Amounts payable | 17/49 | €5,867,343 | €5,998,816 | +€131,473 | +2.2% |
| Amounts payable after more than one year | 17 | €1,050,373 | €848,000 | -€202,373 | -19.3% |
| Financial debts | 170/4 | €1,050,373 | €848,000 | -€202,373 | -19.3% |
| Amounts payable within one year | 42/48 | €4,816,970 | €5,150,816 | +€333,846 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €217,598 | €201,601 | -€15,997 | -7.4% |
| Trade debts | 44 | €244,516 | €106,001 | -€138,515 | -56.6% |
| Suppliers | 440/4 | €244,516 | €106,001 | -€138,515 | -56.6% |
| Taxes, remuneration and social security | 45 | €3,757 | €9,947 | +€6,190 | +165% |
| Remuneration and social security | 454/9 | €3,757 | €9,947 | +€6,190 | +165% |
| Other amounts payable | 47/48 | €4,351,099 | €4,833,267 | +€482,168 | +11.1% |
| Remuneration, social security and pensions | 62 | €17,624 | €56,244 | +€38,619 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,436 | €265,411 | +€129,975 | +96.0% |
| Other operating charges | 640/8 | €71,954 | €52,590 | -€19,363 | -26.9% |
| Non-recurring operating charges | 66A | - | €21,471 | +€21,471 | |
| Gross operating margin | 9900 | €6,481 | €454,508 | +€448,027 | +6,912% |
| Operating profit (loss) | 9901 | -€218,532 | €58,793 | +€277,325 | |
| Financial charges | 65/66B | €73,734 | €64,741 | -€8,992 | -12.2% |
| Recurring financial charges | 65 | €73,734 | €64,741 | -€8,992 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€292,266 | -€5,949 | +€286,317 | +98.0% |
| Income taxes | 67/77 | -€14,613 | - | +€14,613 | |
| Profit (loss) for the period | 9904 | -€277,653 | -€5,949 | +€271,705 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€277,653 | -€5,949 | +€271,705 | +97.9% |
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 19 October 2026 via checked.be.