CEDRIC GENICOT: 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.
CEDRIC GENICOT
Largest movements
- Tangible fixed assets -€27,225
down €27,225 (-7.9%), from €343,655 to €316,430
of which Land and buildings: -€20,589
- Cash -€17,838
down €17,838 (-9.2%), from €192,970 to €175,132
mainly Net result for the year (-€19,000) and Other debts (-€12,359)
- Profit (loss) carried forward -€19,000
down €19,000 (-12.6%), from €151,322 to €132,322
- Other debts -€12,359
down €12,359 (-5.5%), from €226,713 to €214,354
- Accrued charges and deferred income -€12,031
down €12,031 (-27.0%), from €44,503 to €32,472
- Gross operating margin -€2,823
down €2,823 (-8.8%), from €32,157 to €29,334
- Depreciation -€1,366
down €1,366 (-4.8%), from €28,591 to €27,225
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 | €541,165 | €496,153 | -€45,012 | -8.3% |
| Fixed assets | 21/28 | €343,729 | €316,505 | -€27,225 | -7.9% |
| Tangible fixed assets | 22/27 | €343,655 | €316,430 | -€27,225 | -7.9% |
| Land and buildings | 22 | €332,269 | €311,680 | -€20,589 | -6.2% |
| Furniture and vehicles | 24 | €235 | - | -€235 | |
| Other tangible fixed assets | 26 | €11,151 | €4,750 | -€6,401 | -57.4% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €197,436 | €179,648 | -€17,787 | -9.0% |
| Amounts receivable within one year | 40/41 | €3,484 | €2,738 | -€746 | -21.4% |
| Trade receivables | 40 | €3,318 | €2,334 | -€984 | -29.7% |
| Other amounts receivable | 41 | €166 | €404 | +€238 | +144% |
| Cash at bank and in hand | 54/58 | €192,970 | €175,132 | -€17,838 | -9.2% |
| Deferred charges and accrued income | 490/1 | €982 | €1,779 | +€797 | +81.2% |
| Total equity and liabilities | 10/49 | €541,165 | €496,153 | -€45,012 | -8.3% |
| Equity | 10/15 | €264,948 | €245,948 | -€19,000 | -7.2% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €5,026 | €5,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,026 | €5,026 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,026 | €5,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,322 | €132,322 | -€19,000 | -12.6% |
| Amounts payable | 17/49 | €276,217 | €250,205 | -€26,012 | -9.4% |
| Amounts payable within one year | 42/48 | €231,714 | €217,733 | -€13,981 | -6.0% |
| Trade debts | 44 | €2,029 | €1,245 | -€784 | -38.6% |
| Suppliers | 440/4 | €2,029 | €1,245 | -€784 | -38.6% |
| Advances received on contracts in progress | 46 | €2,101 | €1,407 | -€694 | -33.0% |
| Taxes, remuneration and social security | 45 | €871 | €727 | -€144 | -16.6% |
| Taxes | 450/3 | €871 | €727 | -€144 | -16.6% |
| Other amounts payable | 47/48 | €226,713 | €214,354 | -€12,359 | -5.5% |
| Accrued charges and deferred income | 492/3 | €44,503 | €32,472 | -€12,031 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,591 | €27,225 | -€1,366 | -4.8% |
| Other operating charges | 640/8 | €5,501 | €5,745 | +€244 | +4.4% |
| Gross operating margin | 9900 | €32,157 | €29,334 | -€2,823 | -8.8% |
| Operating profit (loss) | 9901 | -€1,935 | -€3,636 | -€1,701 | -87.9% |
| Financial income | 75/76B | €533 | €796 | +€263 | +49.4% |
| Recurring financial income | 75 | €533 | €796 | +€263 | +49.4% |
| Financial charges | 65/66B | €16,029 | €16,161 | +€132 | +0.8% |
| Recurring financial charges | 65 | €16,029 | €16,161 | +€132 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,431 | -€19,000 | -€1,570 | -9.0% |
| Income taxes | 67/77 | -€12 | - | +€12 | |
| Profit (loss) for the period | 9904 | -€17,418 | -€19,000 | -€1,582 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,418 | -€19,000 | -€1,582 | -9.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.