GONTEX: 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.
GONTEX
Largest movements
- Receivables within one year -€202,486
down €202,486 (-53.9%), from €375,915 to €173,429
of which Trade receivables: -€217,366
- Stocks and contracts -€154,826
down €154,826 (-26.1%), from €594,184 to €439,358
- Tangible fixed assets -€92,796
down €92,796 (-6.1%), from €1.5m to €1.4m
of which Land and buildings: -€53,210
- Cash +€54,083
up €54,083 (+557.9%), from €9,693 to €63,776
mainly Receivables within one year (+€202,486) and Stocks and contracts (+€154,826)
- Debts after one year -€201,745
down €201,745 (-12.1%), from €1.7m to €1.5m
of which Financial debts: -€151,745
- Trade debts -€115,644
down €115,644 (-37.0%), from €312,435 to €196,791
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Short-term financial debts -€40,810
down €40,810 (-24.3%), from €167,815 to €127,004
- Gross operating margin -€53,868
down €53,868 (-14.9%), from €362,525 to €308,657
- Other operating charges +€30,785
up €30,785 (+871.1%), from €3,534 to €34,319
- Staff costs +€19,911
up €19,911 (+20.4%), from €97,711 to €117,622
- Depreciation -€8,656
down €8,656 (-8.5%), from €101,452 to €92,796
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 | €2,497,948 | €2,102,350 | -€395,598 | -15.8% |
| Fixed assets | 21/28 | €1,518,156 | €1,425,360 | -€92,796 | -6.1% |
| Tangible fixed assets | 22/27 | €1,518,056 | €1,425,260 | -€92,796 | -6.1% |
| Land and buildings | 22 | €1,361,900 | €1,308,689 | -€53,210 | -3.9% |
| Plant, machinery and equipment | 23 | €71,267 | €59,978 | -€11,289 | -15.8% |
| Furniture and vehicles | 24 | €84,889 | €56,593 | -€28,296 | -33.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €979,792 | €676,990 | -€302,802 | -30.9% |
| Stocks and contracts in progress | 3 | €594,184 | €439,358 | -€154,826 | -26.1% |
| Stocks | 30/36 | €594,184 | €439,358 | -€154,826 | -26.1% |
| Amounts receivable within one year | 40/41 | €375,915 | €173,429 | -€202,486 | -53.9% |
| Trade receivables | 40 | €290,755 | €73,388 | -€217,366 | -74.8% |
| Other amounts receivable | 41 | €85,160 | €100,040 | +€14,880 | +17.5% |
| Cash at bank and in hand | 54/58 | €9,693 | €63,776 | +€54,083 | +557.9% |
| Deferred charges and accrued income | 490/1 | - | €428 | +€428 | |
| Total equity and liabilities | 10/49 | €2,497,948 | €2,102,350 | -€395,598 | -15.8% |
| Equity | 10/15 | €162,313 | €181,993 | +€19,679 | +12.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,862 | €161,542 | +€19,679 | +13.9% |
| Amounts payable | 17/49 | €2,335,634 | €1,920,357 | -€415,278 | -17.8% |
| Amounts payable after more than one year | 17 | €1,668,206 | €1,466,461 | -€201,745 | -12.1% |
| Financial debts | 170/4 | €1,338,206 | €1,186,461 | -€151,745 | -11.3% |
| Trade debts | 175 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €180,000 | €130,000 | -€50,000 | -27.8% |
| Amounts payable within one year | 42/48 | €667,429 | €453,896 | -€213,533 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €17,876 | €18,332 | +€456 | +2.5% |
| Financial debts | 43 | €167,815 | €127,004 | -€40,810 | -24.3% |
| Credit institutions | 430/8 | €167,815 | €127,004 | -€40,810 | -24.3% |
| Trade debts | 44 | €312,435 | €196,791 | -€115,644 | -37.0% |
| Suppliers | 440/4 | €312,435 | €196,791 | -€115,644 | -37.0% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €101,667 | €110,860 | +€9,193 | +9.0% |
| Taxes | 450/3 | €85,698 | €87,006 | +€1,308 | +1.5% |
| Remuneration and social security | 454/9 | €15,969 | €23,853 | +€7,885 | +49.4% |
| Other amounts payable | 47/48 | €17,636 | €909 | -€16,727 | -94.8% |
| Remuneration, social security and pensions | 62 | €97,711 | €117,622 | +€19,911 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,452 | €92,796 | -€8,656 | -8.5% |
| Other operating charges | 640/8 | €3,534 | €34,319 | +€30,785 | +871.1% |
| Gross operating margin | 9900 | €362,525 | €308,657 | -€53,868 | -14.9% |
| Operating profit (loss) | 9901 | €159,828 | €63,920 | -€95,908 | -60.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -79.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -79.8% |
| Financial charges | 65/66B | €40,853 | €42,431 | +€1,579 | +3.9% |
| Recurring financial charges | 65 | €40,853 | €42,431 | +€1,579 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €118,976 | €21,489 | -€97,487 | -81.9% |
| Income taxes | 67/77 | €2,201 | €1,809 | -€391 | -17.8% |
| Profit (loss) for the period | 9904 | €116,775 | €19,679 | -€97,096 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,775 | €19,679 | -€97,096 | -83.1% |
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 11 October 2026 via checked.be.