Timon van Gent: 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.
Timon van Gent
Largest movements
- Cash +€27,482
up €27,482 (+193%), from €14,209 to €41,691
mainly Net result for the year (+€20,836) and Depreciation (+€7,023)
- Receivables within one year -€6,314
down €6,314 (-29.6%), from €21,350 to €15,036
of which Trade receivables: -€10,840
- Tangible fixed assets -€5,558
down €5,558 (-19.0%), from €29,258 to €23,700
of which Furniture and vehicles: -€6,937
- Current investments -€5,000
down €5,000 (-16.6%), from €30,098 to €25,098
- Reserves +€19,177
up €19,177 (+30.2%), from €63,554 to €82,730
- Debts after one year -€5,270
down €5,270 (-28.6%), from €18,445 to €13,175
- Trade debts -€4,264
down €4,264 (-97.2%), from €4,389 to €125
- Profit (loss) carried forward +€1,659
up €1,659, from -€1,659 to €0
- Tax, wage and social debts -€1,139
down €1,139 (-45.3%), from €2,512 to €1,373
- Gross operating margin +€29,906
up €29,906 (+556%), from €5,380 to €35,286
- Taxes +€6,060
up €6,060 (+1,012%), from €599 to €6,659
- Depreciation +€2,670
up €2,670 (+61.3%), from €4,353 to €7,023
- Other operating charges -€827
down €827 (-53.6%), from €1,543 to €716
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 | €96,512 | €106,673 | +€10,161 | +10.5% |
| Fixed assets | 21/28 | €29,258 | €23,700 | -€5,558 | -19.0% |
| Tangible fixed assets | 22/27 | €29,258 | €23,700 | -€5,558 | -19.0% |
| Land and buildings | 22 | - | €1,379 | +€1,379 | |
| Furniture and vehicles | 24 | €29,258 | €22,321 | -€6,937 | -23.7% |
| Current assets | 29/58 | €67,254 | €82,973 | +€15,719 | +23.4% |
| Amounts receivable within one year | 40/41 | €21,350 | €15,036 | -€6,314 | -29.6% |
| Trade receivables | 40 | €15,865 | €5,025 | -€10,840 | -68.3% |
| Other amounts receivable | 41 | €5,486 | €10,011 | +€4,525 | +82.5% |
| Current investments | 50/53 | €30,098 | €25,098 | -€5,000 | -16.6% |
| Cash at bank and in hand | 54/58 | €14,209 | €41,691 | +€27,482 | +193% |
| Deferred charges and accrued income | 490/1 | €1,596 | €1,148 | -€449 | -28.1% |
| Total equity and liabilities | 10/49 | €96,512 | €106,673 | +€10,161 | +10.5% |
| Equity | 10/15 | €65,895 | €86,730 | +€20,836 | +31.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €63,554 | €82,730 | +€19,177 | +30.2% |
| Distributable reserves | 133 | €63,554 | €82,730 | +€19,177 | +30.2% |
| Profit (loss) carried forward | 14 | -€1,659 | €0 | +€1,659 | |
| Amounts payable | 17/49 | €30,617 | €19,943 | -€10,675 | -34.9% |
| Amounts payable after more than one year | 17 | €18,445 | €13,175 | -€5,270 | -28.6% |
| Financial debts | 170/4 | €18,445 | €13,175 | -€5,270 | -28.6% |
| Amounts payable within one year | 42/48 | €12,171 | €6,768 | -€5,403 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €5,270 | €5,270 | = | 0.0% |
| Trade debts | 44 | €4,389 | €125 | -€4,264 | -97.2% |
| Suppliers | 440/4 | €4,389 | €125 | -€4,264 | -97.2% |
| Taxes, remuneration and social security | 45 | €2,512 | €1,373 | -€1,139 | -45.3% |
| Taxes | 450/3 | €2,512 | €1,373 | -€1,139 | -45.3% |
| Accrued charges and deferred income | 492/3 | €2 | €0 | -€2 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,353 | €7,023 | +€2,670 | +61.3% |
| Other operating charges | 640/8 | €1,543 | €716 | -€827 | -53.6% |
| Non-recurring operating charges | 66A | €1,119 | €0 | -€1,119 | -100% |
| Gross operating margin | 9900 | €5,380 | €35,286 | +€29,906 | +556% |
| Operating profit (loss) | 9901 | -€1,635 | €27,547 | +€29,182 | |
| Financial income | 75/76B | €1,347 | €1,069 | -€278 | -20.6% |
| Recurring financial income | 75 | €1,347 | €1,069 | -€278 | -20.6% |
| Financial charges | 65/66B | €773 | €1,122 | +€349 | +45.2% |
| Recurring financial charges | 65 | €773 | €1,122 | +€349 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,060 | €27,494 | +€28,555 | |
| Income taxes | 67/77 | €599 | €6,659 | +€6,060 | +1,012% |
| Profit (loss) for the period | 9904 | -€1,659 | €20,836 | +€22,495 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,659 | €20,836 | +€22,495 |
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 17 October 2026 via checked.be.