GENTINI'S: 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.
GENTINI'S
Largest movements
- Cash -€28,782
down €28,782 (-19.8%), from €145,118 to €116,336
mainly Net result for the year (-€85,284) and Investment in fixed assets (net) (-€9,196)
- Reserves -€85,284
down €85,284 (-26.5%), from €321,896 to €236,612
of which Distributable reserves: -€85,284
- Other debts +€38,210
up €38,210 (+1,041%), from €3,670 to €41,880
- Gross operating margin +€44,221
up €44,221 (+50.1%), from -€88,253 to -€44,032
- Depreciation -€7,572
down €7,572 (-36.1%), from €20,959 to €13,387
- Financial income -€5,434
down €5,434 (-76.0%), from €7,150 to €1,717
- Financial charges -€2,471
down €2,471 (-11.3%), from €21,947 to €19,476
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 | €688,460 | €653,361 | -€35,100 | -5.1% |
| Fixed assets | 21/28 | €26,222 | €22,030 | -€4,191 | -16.0% |
| Tangible fixed assets | 22/27 | €26,222 | €22,030 | -€4,191 | -16.0% |
| Land and buildings | 22 | €1,114 | €855 | -€259 | -23.3% |
| Plant, machinery and equipment | 23 | €25,084 | €21,176 | -€3,908 | -15.6% |
| Furniture and vehicles | 24 | €23 | €0 | -€23 | -100% |
| Current assets | 29/58 | €662,239 | €631,330 | -€30,909 | -4.7% |
| Stocks and contracts in progress | 3 | €491,649 | €491,649 | = | 0.0% |
| Stocks | 30/36 | €491,649 | €491,649 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,631 | €21,554 | -€1,077 | -4.8% |
| Trade receivables | 40 | €18,151 | €21,554 | +€3,403 | +18.7% |
| Other amounts receivable | 41 | €4,480 | - | -€4,480 | |
| Cash at bank and in hand | 54/58 | €145,118 | €116,336 | -€28,782 | -19.8% |
| Deferred charges and accrued income | 490/1 | €2,841 | €1,791 | -€1,049 | -36.9% |
| Total equity and liabilities | 10/49 | €688,460 | €653,361 | -€35,100 | -5.1% |
| Equity | 10/15 | €340,496 | €255,212 | -€85,284 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €321,896 | €236,612 | -€85,284 | -26.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €301,286 | €216,002 | -€85,284 | -28.3% |
| Amounts payable | 17/49 | €347,964 | €398,149 | +€50,185 | +14.4% |
| Amounts payable within one year | 42/48 | €347,964 | €398,149 | +€50,185 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €337,046 | €343,000 | +€5,954 | +1.8% |
| Trade debts | 44 | €6,406 | €10,077 | +€3,671 | +57.3% |
| Suppliers | 440/4 | €6,406 | €10,077 | +€3,671 | +57.3% |
| Taxes, remuneration and social security | 45 | €843 | €3,192 | +€2,349 | +279% |
| Taxes | 450/3 | €843 | €3,192 | +€2,349 | +279% |
| Other amounts payable | 47/48 | €3,670 | €41,880 | +€38,210 | +1,041% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,959 | €13,387 | -€7,572 | -36.1% |
| Other operating charges | 640/8 | €8,754 | €9,243 | +€489 | +5.6% |
| Non-recurring operating charges | 66A | €12,829 | - | -€12,829 | |
| Gross operating margin | 9900 | -€88,253 | -€44,032 | +€44,221 | +50.1% |
| Operating profit (loss) | 9901 | -€130,795 | -€66,662 | +€64,134 | +49.0% |
| Financial income | 75/76B | €7,150 | €1,717 | -€5,434 | -76.0% |
| Recurring financial income | 75 | €7,150 | €1,717 | -€5,434 | -76.0% |
| Financial charges | 65/66B | €21,947 | €19,476 | -€2,471 | -11.3% |
| Recurring financial charges | 65 | €21,947 | €19,476 | -€2,471 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€145,592 | -€84,421 | +€61,171 | +42.0% |
| Income taxes | 67/77 | €843 | €863 | +€20 | +2.4% |
| Profit (loss) for the period | 9904 | -€146,435 | -€85,284 | +€61,151 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,435 | -€85,284 | +€61,151 | +41.8% |
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 30 October 2026 via checked.be.