GEENA: what changed
Two fiscal 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.
What changed
GEENA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €436,091+€2.4m
Equity
€28.4m
2024 · €25.5m+€2.9m
Cash
€2.2m
2024 · €434,425+€1.8m
Balance sheet total
€29.3m
2024 · €26.4m+€2.9m
Largest movements
Assets
- Receivables within one year +€2.0m
up €2.0m (+67.1%), from €3.0m to €4.9m
of which Other amounts receivable: +€2.2m
- Cash +€1.8m
up €1.8m (+413.8%), from €434,425 to €2.2m
mainly Net result for the year (+€2.9m) and Current investments (+€1.0m)
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Receivables after one year +€302,063
up €302,063 (+3179.6%), from €9,500 to €311,563
Equity and liabilities
- Reserves +€2.9m
up €2.9m (+14.4%), from €20.0m to €22.8m
of which Distributable reserves: +€2.4m
Income statement
- Financial income +€1.9m
up €1.9m (+1169.0%), from €163,780 to €2.1m
of which Financial income: +€1.9m
- Depreciation +€120,107
up €120,107 (+39.7%), from €302,438 to €422,545
- Taxes +€72,748
up €72,748 (+47.3%), from €153,768 to €226,516
- Services and other goods -€64,360
down €64,360 (-19.3%), from €333,404 to €269,045
- Goods and materials -€36,501
down €36,501 (-32.8%), from €111,401 to €74,900
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.
Result 2024
€436,091
Turnover
+€34,637
Other operating income
+€15,307
Goods and materials
+€36,501
Services and other goods
+€64,360
Staff costs
+€7,547
Depreciation
-€120,107
Write-downs
-€3,395
Other operating charges
-€3,421
Other operating items
+€628,353
Financial income
+€1.9m
Financial charges
-€4,542
Taxes
-€72,748
Deferred taxes and other
-€66,179
Result 2025
€2.9m
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.
From operations
+€1.0m
Investment
+€764,089
Financing
€0
Cash 2024
€434,425
From operations (derived)
+€1.0m
Net result for the year
+€2.9m
Depreciation
+€422,545
Receivables after one year
-€302,063
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€9,854
Provisions
+€66,179
Trade debts
-€68,233
Tax, wage and social debts
-€69,178
Smaller working-capital items
-€971
Other debts
+€93,360
Investment (derived)
+€764,089
Investment in fixed assets (net)
-€235,911
Current investments
+€1.0m
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,395,304 | €29,283,416 | +€2.9m | +10.9% |
| Fixed assets | 21/28 | €21,948,231 | €21,761,597 | -€186,634 | -0.9% |
| Tangible fixed assets | 22/27 | €14,460,075 | €14,270,040 | -€190,034 | -1.3% |
| Land and buildings | 22 | €13,670,150 | €13,596,299 | -€73,851 | -0.5% |
| Plant, machinery and equipment | 23 | €353,790 | €283,765 | -€70,025 | -19.8% |
| Furniture and vehicles | 24 | €195,360 | €149,203 | -€46,158 | -23.6% |
| Other tangible fixed assets | 26 | €240,774 | €240,774 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €7,488,157 | €7,491,557 | +€3,400 | 0.0% |
| Affiliated companies | 280/1 | €7,288,157 | €7,288,157 | = | 0.0% |
| Participating interests | 280 | €7,288,157 | €7,288,157 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €200,000 | €203,400 | +€3,400 | +1.7% |
| Participating interests | 282 | €200,000 | €203,400 | +€3,400 | +1.7% |
| Current assets | 29/58 | €4,447,072 | €7,521,819 | +€3.1m | +69.1% |
| Amounts receivable after more than one year | 29 | €9,500 | €311,563 | +€302,063 | +3179.6% |
| Other amounts receivable | 291 | €9,500 | €311,563 | +€302,063 | +3179.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,958,266 | €4,943,074 | +€2.0m | +67.1% |
| Trade receivables | 40 | €709,207 | €464,996 | -€244,212 | -34.4% |
| Other amounts receivable | 41 | €2,249,059 | €4,478,078 | +€2.2m | +99.1% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Other investments | 51/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €434,425 | €2,232,155 | +€1.8m | +413.8% |
| Deferred charges and accrued income | 490/1 | €44,881 | €35,027 | -€9,854 | -22.0% |
| Total equity and liabilities | 10/49 | €26,395,304 | €29,283,416 | +€2.9m | +10.9% |
| Equity | 10/15 | €25,541,705 | €28,408,661 | +€2.9m | +11.2% |
| Contributions | 10/11 | €5,570,168 | €5,570,168 | = | 0.0% |
| Reserves | 13 | €19,971,537 | €22,838,493 | +€2.9m | +14.4% |
| Tax-exempt reserves | 132 | €1,488,360 | €1,990,016 | +€501,656 | +33.7% |
| Distributable reserves | 133 | €18,483,177 | €20,848,478 | +€2.4m | +12.8% |
| Provisions and deferred taxes | 16 | - | €66,179 | +€66,179 | |
| Deferred taxes | 168 | - | €66,179 | +€66,179 | |
| Amounts payable | 17/49 | €853,598 | €808,576 | -€45,022 | -5.3% |
| Amounts payable after more than one year | 17 | €3,260 | €3,260 | = | 0.0% |
| Other amounts payable | 178/9 | €3,260 | €3,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €846,143 | €802,087 | -€44,057 | -5.2% |
| Trade debts | 44 | €147,277 | €79,044 | -€68,233 | -46.3% |
| Suppliers | 440/4 | €147,277 | €79,044 | -€68,233 | -46.3% |
| Advances received on contracts in progress | 46 | €5 | €0 | -€5 | -100.0% |
| Taxes, remuneration and social security | 45 | €268,551 | €199,373 | -€69,178 | -25.8% |
| Taxes | 450/3 | €125,850 | €45,551 | -€80,299 | -63.8% |
| Remuneration and social security | 454/9 | €142,702 | €153,822 | +€11,121 | +7.8% |
| Other amounts payable | 47/48 | €430,310 | €523,670 | +€93,360 | +21.7% |
| Accrued charges and deferred income | 492/3 | €4,195 | €3,229 | -€966 | -23.0% |
| Operating income | 70/76A | €2,614,588 | €2,938,640 | +€324,052 | +12.4% |
| Turnover | 70 | €2,355,073 | €2,389,710 | +€34,637 | +1.5% |
| Other operating income | 74 | €237,370 | €252,677 | +€15,307 | +6.4% |
| Non-recurring operating income | 76A | €22,145 | €296,253 | +€274,108 | +1237.8% |
| Operating charges | 60/66A | €2,178,491 | €1,842,761 | -€335,730 | -15.4% |
| Goods for resale, raw materials and consumables | 60 | €111,401 | €74,900 | -€36,501 | -32.8% |
| Purchases | 600/8 | €111,401 | €74,900 | -€36,501 | -32.8% |
| Services and other goods | 61 | €333,404 | €269,045 | -€64,360 | -19.3% |
| Remuneration, social security and pensions | 62 | €902,306 | €894,758 | -€7,547 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302,438 | €422,545 | +€120,107 | +39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,395 | +€3,395 | |
| Other operating charges | 640/8 | €50,549 | €53,970 | +€3,421 | +6.8% |
| Non-recurring operating charges | 66A | €478,393 | €124,148 | -€354,245 | -74.0% |
| Operating profit (loss) | 9901 | €436,097 | €1,095,879 | +€659,782 | +151.3% |
| Financial income | 75/76B | €163,780 | €2,078,331 | +€1.9m | +1169.0% |
| Recurring financial income | 75 | €163,780 | €2,078,331 | +€1.9m | +1169.0% |
| Income from financial fixed assets | 750 | €0 | €1,999,070 | +€2.0m | |
| Income from current assets | 751 | €155,740 | €49,720 | -€106,020 | -68.1% |
| Other financial income | 752/9 | €8,040 | €29,541 | +€21,501 | +267.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €10,018 | €14,560 | +€4,542 | +45.3% |
| Recurring financial charges | 65 | €10,018 | €14,560 | +€4,542 | +45.3% |
| Debt charges | 650 | €8,500 | €12,514 | +€4,014 | +47.2% |
| Other financial charges | 652/9 | €1,518 | €2,045 | +€527 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €589,859 | €3,159,651 | +€2.6m | +435.7% |
| Transfer from deferred taxes | 780 | - | €4,175 | +€4,175 | |
| Transfer to deferred taxes | 680 | - | €70,354 | +€70,354 | |
| Income taxes | 67/77 | €153,768 | €226,516 | +€72,748 | +47.3% |
| Taxes | 670/3 | €153,768 | €226,516 | +€72,748 | +47.3% |
| Profit (loss) for the period | 9904 | €436,091 | €2,866,956 | +€2.4m | +557.4% |
| Transfer from tax-exempt reserves | 789 | - | €12,525 | +€12,525 | |
| Transfer to tax-exempt reserves | 689 | €0 | €514,181 | +€514,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €436,091 | €2,365,300 | +€1.9m | +442.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.