Ghent-Authentic: what changed
Ghent-Authentic
Largest movements
- Cash -€3,446
down €3,446 (-99.8%), from €3,454 to €8
mainly Accrued charges and deferred income (-€5,007) and Trade debts (-€4,944)
- Receivables within one year -€1,468
down €1,468 (-18.6%), from €7,897 to €6,430
of which Trade receivables: -€4,351
- Tangible fixed assets +€466
up €466 (+21.4%), from €2,173 to €2,639
- Short-term financial debts +€8,438
up €8,438, from €0 to €8,438
- Accrued charges and deferred income -€5,007
down €5,007 (-100%), from €5,007 to €0
- Trade debts -€4,944
down €4,944 (-59.3%), from €8,333 to €3,389
- Other debts -€3,764
down €3,764 (-100%), from €3,764 to €0
- Profit (loss) carried forward +€1,016
up €1,016 (+6.0%), from -€16,808 to -€15,792
- Gross operating margin -€6,648
down €6,648 (-71.1%), from €9,347 to €2,699
- Other operating charges -€695
down €695 (-53.3%), from €1,304 to €610
- Depreciation +€538
up €538 (+176%), from €307 to €845
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,685 | €17,458 | -€4,227 | -19.5% |
| Fixed assets | 21/28 | €4,852 | €5,318 | +€466 | +9.6% |
| Intangible fixed assets | 21 | €2,678 | €2,678 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,173 | €2,639 | +€466 | +21.4% |
| Furniture and vehicles | 24 | €2,173 | €2,639 | +€466 | +21.4% |
| Current assets | 29/58 | €16,833 | €12,141 | -€4,693 | -27.9% |
| Amounts receivable within one year | 40/41 | €7,897 | €6,430 | -€1,468 | -18.6% |
| Trade receivables | 40 | €7,469 | €3,118 | -€4,351 | -58.3% |
| Other amounts receivable | 41 | €428 | €3,312 | +€2,884 | +674% |
| Current investments | 50/53 | €5,086 | €5,103 | +€17 | +0.3% |
| Cash at bank and in hand | 54/58 | €3,454 | €8 | -€3,446 | -99.8% |
| Deferred charges and accrued income | 490/1 | €396 | €600 | +€204 | +51.5% |
| Total equity and liabilities | 10/49 | €21,685 | €17,458 | -€4,227 | -19.5% |
| Equity | 10/15 | €1,792 | €2,808 | +€1,016 | +56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,808 | -€15,792 | +€1,016 | +6.0% |
| Amounts payable | 17/49 | €19,893 | €14,650 | -€5,242 | -26.4% |
| Amounts payable within one year | 42/48 | €14,886 | €14,650 | -€235 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €8,438 | +€8,438 | |
| Credit institutions | 430/8 | €0 | €8,438 | +€8,438 | |
| Trade debts | 44 | €8,333 | €3,389 | -€4,944 | -59.3% |
| Suppliers | 440/4 | €8,333 | €3,389 | -€4,944 | -59.3% |
| Taxes, remuneration and social security | 45 | €2,789 | €2,823 | +€35 | +1.2% |
| Taxes | 450/3 | €2,789 | €646 | -€2,142 | -76.8% |
| Remuneration and social security | 454/9 | - | €2,177 | +€2,177 | |
| Other amounts payable | 47/48 | €3,764 | €0 | -€3,764 | -100% |
| Accrued charges and deferred income | 492/3 | €5,007 | €0 | -€5,007 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €845 | +€538 | +176% |
| Other operating charges | 640/8 | €1,304 | €610 | -€695 | -53.3% |
| Gross operating margin | 9900 | €9,347 | €2,699 | -€6,648 | -71.1% |
| Operating profit (loss) | 9901 | €7,736 | €1,245 | -€6,491 | -83.9% |
| Financial income | 75/76B | €52 | €114 | +€62 | +118% |
| Recurring financial income | 75 | €52 | €114 | +€62 | +118% |
| Financial charges | 65/66B | €311 | €344 | +€32 | +10.4% |
| Recurring financial charges | 65 | €311 | €344 | +€32 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €7,477 | €1,016 | -€6,462 | -86.4% |
| Profit (loss) for the period | 9904 | €7,477 | €1,016 | -€6,462 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,477 | €1,016 | -€6,462 | -86.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.