VAN GENNIP: 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.
VAN GENNIP
Largest movements
- Stocks and contracts +€135,757
up €135,757 (+5.8%), from €2.3m to €2.5m
- Receivables within one year -€97,080
down €97,080 (-22.4%), from €434,261 to €337,180
of which Trade receivables: -€97,080
- Tangible fixed assets -€63,681
down €63,681 (-14.6%), from €435,555 to €371,874
of which Land and buildings: -€44,088
- Profit (loss) carried forward -€420,771
down €420,771 (-40.1%), from €1.0m to €627,932
- Other debts +€338,876
up €338,876 (+12.0%), from €2.8m to €3.2m
- Gross operating margin -€305,416
down €305,416, from €221,576 to -€83,841
- Other operating charges +€24,429
up €24,429 (+288.8%), from €8,459 to €32,888
- Staff costs -€20,404
down €20,404 (-10.5%), from €194,464 to €174,060
- Financial charges +€8,055
up €8,055 (+13.8%), from €58,246 to €66,301
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 | €4,011,022 | €3,964,471 | -€46,551 | -1.2% |
| Fixed assets | 21/28 | €1,074,675 | €1,010,994 | -€63,681 | -5.9% |
| Tangible fixed assets | 22/27 | €435,555 | €371,874 | -€63,681 | -14.6% |
| Land and buildings | 22 | €375,511 | €331,424 | -€44,088 | -11.7% |
| Plant, machinery and equipment | 23 | €28,395 | €18,801 | -€9,593 | -33.8% |
| Furniture and vehicles | 24 | €31,649 | €21,649 | -€10,000 | -31.6% |
| Financial fixed assets | 28 | €639,120 | €639,120 | = | 0.0% |
| Current assets | 29/58 | €2,936,347 | €2,953,476 | +€17,129 | +0.6% |
| Stocks and contracts in progress | 3 | €2,322,383 | €2,458,140 | +€135,757 | +5.8% |
| Stocks | 30/36 | €2,322,383 | €2,458,140 | +€135,757 | +5.8% |
| Amounts receivable within one year | 40/41 | €434,261 | €337,180 | -€97,080 | -22.4% |
| Trade receivables | 40 | €431,135 | €334,055 | -€97,080 | -22.5% |
| Other amounts receivable | 41 | €3,125 | €3,125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,891 | €147,311 | -€21,579 | -12.8% |
| Deferred charges and accrued income | 490/1 | €10,812 | €10,844 | +€32 | +0.3% |
| Total equity and liabilities | 10/49 | €4,011,022 | €3,964,471 | -€46,551 | -1.2% |
| Equity | 10/15 | €1,056,762 | €635,991 | -€420,771 | -39.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,048,703 | €627,932 | -€420,771 | -40.1% |
| Amounts payable | 17/49 | €2,954,260 | €3,328,480 | +€374,220 | +12.7% |
| Amounts payable within one year | 42/48 | €2,902,787 | €3,268,510 | +€365,723 | +12.6% |
| Trade debts | 44 | €41,772 | €45,857 | +€4,085 | +9.8% |
| Suppliers | 440/4 | €41,772 | €45,857 | +€4,085 | +9.8% |
| Taxes, remuneration and social security | 45 | €31,701 | €54,463 | +€22,761 | +71.8% |
| Taxes | 450/3 | €12,016 | €31,446 | +€19,431 | +161.7% |
| Remuneration and social security | 454/9 | €19,685 | €23,016 | +€3,331 | +16.9% |
| Other amounts payable | 47/48 | €2,829,314 | €3,168,191 | +€338,876 | +12.0% |
| Accrued charges and deferred income | 492/3 | €51,473 | €59,970 | +€8,497 | +16.5% |
| Remuneration, social security and pensions | 62 | €194,464 | €174,060 | -€20,404 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,548 | €63,681 | +€1,133 | +1.8% |
| Other operating charges | 640/8 | €8,459 | €32,888 | +€24,429 | +288.8% |
| Gross operating margin | 9900 | €221,576 | -€83,841 | -€305,416 | |
| Operating profit (loss) | 9901 | -€43,895 | -€354,469 | -€310,574 | -707.5% |
| Financial income | 75/76B | €100 | €0 | -€100 | -100.0% |
| Recurring financial income | 75 | €100 | €0 | -€100 | -100.0% |
| Financial charges | 65/66B | €58,246 | €66,301 | +€8,055 | +13.8% |
| Recurring financial charges | 65 | €58,246 | €66,301 | +€8,055 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€102,041 | -€420,771 | -€318,730 | -312.4% |
| Profit (loss) for the period | 9904 | -€102,041 | -€420,771 | -€318,730 | -312.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,041 | -€420,771 | -€318,730 | -312.4% |
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 12 October 2026 via checked.be.