Het Gedacht: 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.
Het Gedacht
Largest movements
- Tangible fixed assets +€94,109
up €94,109 (+24.2%), from €389,238 to €483,347
of which Land and buildings: +€84,006
- Receivables within one year +€25,967
up €25,967 (+20.9%), from €124,343 to €150,310
- Other debts +€86,755
up €86,755 (+289%), from €30,000 to €116,755
- Advances received +€73,245
up €73,245 (+97.7%), from €75,000 to €148,245
- Trade debts -€50,368
down €50,368 (-95.9%), from €52,517 to €2,149
- Debts after one year -€28,719
down €28,719 (-9.6%), from €297,914 to €269,195
- Reserves +€24,505
up €24,505 (+94.4%), from €25,966 to €50,472
- Gross operating margin +€41,399
up €41,399 (+67.0%), from €61,784 to €103,183
- Financial charges +€9,142
up €9,142 (+254%), from €3,599 to €12,741
- Depreciation -€5,839
down €5,839 (-25.1%), from €23,279 to €17,440
- Taxes -€2,516
down €2,516 (-29.1%), from €8,655 to €6,139
- Other operating charges +€2,058
up €2,058 (+688%), from €299 to €2,357
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 | €520,651 | €647,041 | +€126,390 | +24.3% |
| Fixed assets | 21/28 | €389,238 | €483,347 | +€94,109 | +24.2% |
| Tangible fixed assets | 22/27 | €389,238 | €483,347 | +€94,109 | +24.2% |
| Land and buildings | 22 | €389,238 | €473,244 | +€84,006 | +21.6% |
| Furniture and vehicles | 24 | - | €10,103 | +€10,103 | |
| Current assets | 29/58 | €131,413 | €163,693 | +€32,280 | +24.6% |
| Amounts receivable within one year | 40/41 | €124,343 | €150,310 | +€25,967 | +20.9% |
| Trade receivables | 40 | €124,343 | €150,310 | +€25,967 | +20.9% |
| Cash at bank and in hand | 54/58 | €7,070 | €13,383 | +€6,313 | +89.3% |
| Total equity and liabilities | 10/49 | €520,651 | €647,041 | +€126,390 | +24.3% |
| Equity | 10/15 | €28,966 | €53,472 | +€24,505 | +84.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,966 | €50,472 | +€24,505 | +94.4% |
| Distributable reserves | 133 | €25,966 | €50,472 | +€24,505 | +94.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €491,685 | €593,569 | +€101,884 | +20.7% |
| Amounts payable after more than one year | 17 | €297,914 | €269,195 | -€28,719 | -9.6% |
| Financial debts | 170/4 | €297,914 | €269,195 | -€28,719 | -9.6% |
| Amounts payable within one year | 42/48 | €193,771 | €324,374 | +€130,603 | +67.4% |
| Current portion of amounts payable after more than one year | 42 | €27,599 | €28,719 | +€1,120 | +4.1% |
| Trade debts | 44 | €52,517 | €2,149 | -€50,368 | -95.9% |
| Suppliers | 440/4 | €52,517 | €2,149 | -€50,368 | -95.9% |
| Advances received on contracts in progress | 46 | €75,000 | €148,245 | +€73,245 | +97.7% |
| Taxes, remuneration and social security | 45 | €8,655 | €28,506 | +€19,851 | +229% |
| Taxes | 450/3 | €8,655 | €28,506 | +€19,851 | +229% |
| Other amounts payable | 47/48 | €30,000 | €116,755 | +€86,755 | +289% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,279 | €17,440 | -€5,839 | -25.1% |
| Other operating charges | 640/8 | €299 | €2,357 | +€2,058 | +688% |
| Gross operating margin | 9900 | €61,784 | €103,183 | +€41,399 | +67.0% |
| Operating profit (loss) | 9901 | €38,205 | €83,386 | +€45,180 | +118% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €3,599 | €12,741 | +€9,142 | +254% |
| Recurring financial charges | 65 | €3,599 | €12,741 | +€9,142 | +254% |
| Profit (loss) for the period before taxes | 9903 | €34,622 | €70,645 | +€36,023 | +104% |
| Income taxes | 67/77 | €8,655 | €6,139 | -€2,516 | -29.1% |
| Profit (loss) for the period | 9904 | €25,966 | €64,505 | +€38,539 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €25,966 | €64,505 | +€38,539 | +148% |
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 31 October 2026 via checked.be.