GENTIEL: 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.
What changed
GENTIEL
NACE 93.299, Other amusement and recreation activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,983
2024 · €18,619-€2,636
Equity
€280,134
2024 · €264,151+€15,983
Cash
€30,168
2024 · €4,807+€25,360
Balance sheet total
€3.3m
2024 · €3.5m-€209,389
Largest movements
Assets
- Receivables within one year -€195,911
down €195,911 (-12.8%), from €1.5m to €1.3m
of which Other amounts receivable: -€254,481
- Tangible fixed assets -€41,075
down €41,075 (-2.1%), from €2.0m to €1.9m
of which Assets under construction and advance payments: -€25,570
Equity and liabilities
- Debts after one year -€169,455
down €169,455 (-8.6%), from €2.0m to €1.8m
Income statement
- Financial charges +€87,206
up €87,206 (+92.7%), from €94,029 to €181,235
- Gross operating margin +€44,016
up €44,016 (+21.1%), from €208,219 to €252,235
- Depreciation -€35,100
down €35,100 (-31.6%), from €111,146 to €76,046
- Other operating charges -€2,769
down €2,769 (-49.2%), from €5,633 to €2,863
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
€18,619
Gross operating margin
+€44,016
Depreciation
+€35,100
Other operating charges
+€2,769
Financial income
+€1,671
Financial charges
-€87,206
Taxes
+€1,013
Result 2025
€15,983
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
+€265,466
Investment
-€34,970
Financing
-€205,135
Cash 2024
€4,807
From operations (derived)
+€265,466
Net result for the year
+€15,983
Depreciation
+€76,046
Receivables within one year
+€195,911
Deferred charges and accrued income
-€2,237
Trade debts
+€2,321
Tax, wage and social debts
-€11,286
Other debts
-€11,167
Accrued charges and deferred income
-€105
Investment (derived)
-€34,970
Investment in fixed assets (net)
-€34,970
Financing
-€205,135
Debts after one year
-€169,455
Current portion of long-term debt
-€9,084
Short-term financial debts
-€26,597
Cash 2025
€30,168
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,544,297 | €3,334,908 | -€209,389 | -5.9% |
| Fixed assets | 21/28 | €1,979,766 | €1,938,691 | -€41,075 | -2.1% |
| Tangible fixed assets | 22/27 | €1,972,266 | €1,931,191 | -€41,075 | -2.1% |
| Land and buildings | 22 | €469,482 | €454,100 | -€15,382 | -3.3% |
| Furniture and vehicles | 24 | €466 | €342 | -€124 | -26.6% |
| Assets under construction and advance payments | 27 | €1,502,318 | €1,476,748 | -€25,570 | -1.7% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €1,564,531 | €1,396,217 | -€168,314 | -10.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,531,065 | €1,335,154 | -€195,911 | -12.8% |
| Trade receivables | 40 | €14,868 | €73,438 | +€58,570 | +393.9% |
| Other amounts receivable | 41 | €1,516,197 | €1,261,715 | -€254,481 | -16.8% |
| Cash at bank and in hand | 54/58 | €4,807 | €30,168 | +€25,360 | +527.5% |
| Deferred charges and accrued income | 490/1 | €28,658 | €30,896 | +€2,237 | +7.8% |
| Total equity and liabilities | 10/49 | €3,544,297 | €3,334,908 | -€209,389 | -5.9% |
| Equity | 10/15 | €264,151 | €280,134 | +€15,983 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,031 | €2,031 | = | 0.0% |
| Tax-exempt reserves | 132 | €171 | €171 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,521 | €259,504 | +€15,983 | +6.6% |
| Amounts payable | 17/49 | €3,280,146 | €3,054,774 | -€225,372 | -6.9% |
| Amounts payable after more than one year | 17 | €1,959,183 | €1,789,728 | -€169,455 | -8.6% |
| Financial debts | 170/4 | €1,959,183 | €1,789,728 | -€169,455 | -8.6% |
| Amounts payable within one year | 42/48 | €1,287,423 | €1,231,610 | -€55,813 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €182,473 | €173,389 | -€9,084 | -5.0% |
| Financial debts | 43 | €26,597 | €0 | -€26,597 | -100.0% |
| Credit institutions | 430/8 | €26,597 | €0 | -€26,597 | -100.0% |
| Trade debts | 44 | €54,080 | €56,401 | +€2,321 | +4.3% |
| Suppliers | 440/4 | €54,080 | €56,401 | +€2,321 | +4.3% |
| Taxes, remuneration and social security | 45 | €25,705 | €14,418 | -€11,286 | -43.9% |
| Taxes | 450/3 | €25,705 | €14,418 | -€11,286 | -43.9% |
| Other amounts payable | 47/48 | €998,568 | €987,401 | -€11,167 | -1.1% |
| Accrued charges and deferred income | 492/3 | €33,540 | €33,436 | -€105 | -0.3% |
| Non-recurring operating income | 76A | - | €11,150 | +€11,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,146 | €76,046 | -€35,100 | -31.6% |
| Other operating charges | 640/8 | €5,633 | €2,863 | -€2,769 | -49.2% |
| Gross operating margin | 9900 | €208,219 | €252,235 | +€44,016 | +21.1% |
| Operating profit (loss) | 9901 | €91,441 | €173,327 | +€81,886 | +89.6% |
| Financial income | 75/76B | €27,923 | €29,594 | +€1,671 | +6.0% |
| Recurring financial income | 75 | €27,923 | €29,594 | +€1,671 | +6.0% |
| Financial charges | 65/66B | €94,029 | €181,235 | +€87,206 | +92.7% |
| Recurring financial charges | 65 | €94,029 | €181,235 | +€87,206 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €25,335 | €21,686 | -€3,649 | -14.4% |
| Income taxes | 67/77 | €6,716 | €5,703 | -€1,013 | -15.1% |
| Profit (loss) for the period | 9904 | €18,619 | €15,983 | -€2,636 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,619 | €15,983 | -€2,636 | -14.2% |
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 10 October 2026 via checked.be.