GENTESO: 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.
GENTESO
Largest movements
- Cash -€41,454
down €41,454 (-29.8%), from €139,083 to €97,629
mainly Investment in fixed assets (net) (-€22,801) and Net result for the year (-€20,004)
- Tangible fixed assets +€15,214
up €15,214 (+303.3%), from €5,017 to €20,230
of which Furniture and vehicles: +€15,231
- Receivables within one year -€6,238
down €6,238 (-22.3%), from €27,993 to €21,755
of which Other amounts receivable: -€12,450
- Profit (loss) carried forward -€20,004
down €20,004 (-18.4%), from €108,560 to €88,556
- Trade debts -€12,709
down €12,709 (-54.6%), from €23,274 to €10,565
- Gross operating margin -€7,121
down €7,121 (-172.7%), from -€4,122 to -€11,242
- Depreciation +€5,877
up €5,877 (+343.7%), from €1,710 to €7,587
- Write-downs -€4,950
down €4,950 (-100.0%), from €4,950 to €0
- Financial charges -€632
down €632 (-56.1%), from €1,125 to €494
- Financial income -€202
down €202 (-33.0%), from €612 to €410
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 | €172,093 | €139,984 | -€32,108 | -18.7% |
| Fixed assets | 21/28 | €5,017 | €20,230 | +€15,214 | +303.3% |
| Tangible fixed assets | 22/27 | €5,017 | €20,230 | +€15,214 | +303.3% |
| Plant, machinery and equipment | 23 | €924 | €2,189 | +€1,265 | +136.8% |
| Furniture and vehicles | 24 | €343 | €15,574 | +€15,231 | +4438.6% |
| Other tangible fixed assets | 26 | €3,749 | €2,467 | -€1,282 | -34.2% |
| Current assets | 29/58 | €167,076 | €119,754 | -€47,322 | -28.3% |
| Amounts receivable within one year | 40/41 | €27,993 | €21,755 | -€6,238 | -22.3% |
| Trade receivables | 40 | €14,824 | €21,036 | +€6,212 | +41.9% |
| Other amounts receivable | 41 | €13,169 | €719 | -€12,450 | -94.5% |
| Cash at bank and in hand | 54/58 | €139,083 | €97,629 | -€41,454 | -29.8% |
| Deferred charges and accrued income | 490/1 | - | €370 | +€370 | |
| Total equity and liabilities | 10/49 | €172,093 | €139,984 | -€32,108 | -18.7% |
| Equity | 10/15 | €122,820 | €102,816 | -€20,004 | -16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,560 | €88,556 | -€20,004 | -18.4% |
| Amounts payable | 17/49 | €49,272 | €37,168 | -€12,104 | -24.6% |
| Amounts payable within one year | 42/48 | €49,272 | €37,168 | -€12,104 | -24.6% |
| Trade debts | 44 | €23,274 | €10,565 | -€12,709 | -54.6% |
| Suppliers | 440/4 | €23,274 | €10,565 | -€12,709 | -54.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,198 | €4,125 | +€927 | +29.0% |
| Taxes | 450/3 | €86 | €989 | +€902 | +1045.6% |
| Remuneration and social security | 454/9 | €3,112 | €3,137 | +€25 | +0.8% |
| Other amounts payable | 47/48 | €22,800 | €22,478 | -€322 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,710 | €7,587 | +€5,877 | +343.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,950 | €0 | -€4,950 | -100.0% |
| Other operating charges | 640/8 | €1,037 | €919 | -€119 | -11.4% |
| Gross operating margin | 9900 | -€4,122 | -€11,242 | -€7,121 | -172.7% |
| Operating profit (loss) | 9901 | -€11,819 | -€19,749 | -€7,929 | -67.1% |
| Financial income | 75/76B | €612 | €410 | -€202 | -33.0% |
| Recurring financial income | 75 | €612 | €410 | -€202 | -33.0% |
| Financial charges | 65/66B | €1,125 | €494 | -€632 | -56.1% |
| Recurring financial charges | 65 | €1,125 | €494 | -€632 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,333 | -€19,832 | -€7,500 | -60.8% |
| Income taxes | 67/77 | €336 | €172 | -€164 | -48.9% |
| Profit (loss) for the period | 9904 | -€12,668 | -€20,004 | -€7,336 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,668 | -€20,004 | -€7,336 | -57.9% |
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 8 October 2026 via checked.be.