GEENENS MANAGEMENT: what changed
GEENENS MANAGEMENT
Largest movements
- Tangible fixed assets +€24,756
up €24,756 (+37.8%), from €65,454 to €90,210
of which Furniture and vehicles: +€22,756
- Cash -€17,773
down €17,773 (-31.7%), from €55,996 to €38,223
mainly Investment in fixed assets (net) (-€39,854) and Other debts (-€29,962)
- Receivables within one year -€4,500
down €4,500 (-6.2%), from €72,821 to €68,321
- Other debts -€29,962
down €29,962 (-80.8%), from €37,083 to €7,122
- Debts after one year +€18,205
up €18,205 (+253%), from €7,200 to €25,405
- Reserves +€11,888
up €11,888 (+5.3%), from €225,961 to €237,849
- Current portion of long-term debt +€7,397
up €7,397 (+77.1%), from €9,600 to €16,997
- Tax, wage and social debts -€3,735
down €3,735 (-53.0%), from €7,042 to €3,307
- Gross operating margin -€26,957
down €26,957 (-43.5%), from €61,954 to €34,997
- Taxes -€7,689
down €7,689 (-49.8%), from €15,429 to €7,740
- Financial income -€4,279
down €4,279 (-84.3%), from €5,075 to €795
- Depreciation -€1,887
down €1,887 (-11.1%), from €16,985 to €15,098
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,512 | €299,004 | +€2,491 | +0.8% |
| Fixed assets | 21/28 | €166,704 | €191,460 | +€24,756 | +14.9% |
| Tangible fixed assets | 22/27 | €65,454 | €90,210 | +€24,756 | +37.8% |
| Furniture and vehicles | 24 | €65,454 | €88,210 | +€22,756 | +34.8% |
| Assets under construction and advance payments | 27 | - | €2,000 | +€2,000 | |
| Financial fixed assets | 28 | €101,250 | €101,250 | = | 0.0% |
| Current assets | 29/58 | €129,808 | €107,544 | -€22,265 | -17.2% |
| Amounts receivable within one year | 40/41 | €72,821 | €68,321 | -€4,500 | -6.2% |
| Other amounts receivable | 41 | €72,821 | €68,321 | -€4,500 | -6.2% |
| Cash at bank and in hand | 54/58 | €55,996 | €38,223 | -€17,773 | -31.7% |
| Deferred charges and accrued income | 490/1 | €991 | €1,000 | +€9 | +0.9% |
| Total equity and liabilities | 10/49 | €296,512 | €299,004 | +€2,491 | +0.8% |
| Equity | 10/15 | €232,161 | €244,049 | +€11,888 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,961 | €237,849 | +€11,888 | +5.3% |
| Distributable reserves | 133 | €225,961 | €237,849 | +€11,888 | +5.3% |
| Amounts payable | 17/49 | €64,352 | €54,955 | -€9,397 | -14.6% |
| Amounts payable after more than one year | 17 | €7,200 | €25,405 | +€18,205 | +253% |
| Financial debts | 170/4 | €7,200 | €25,405 | +€18,205 | +253% |
| Amounts payable within one year | 42/48 | €57,152 | €29,550 | -€27,601 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €9,600 | €16,997 | +€7,397 | +77.1% |
| Trade debts | 44 | €3,427 | €2,125 | -€1,302 | -38.0% |
| Suppliers | 440/4 | €3,427 | €2,125 | -€1,302 | -38.0% |
| Taxes, remuneration and social security | 45 | €7,042 | €3,307 | -€3,735 | -53.0% |
| Taxes | 450/3 | €7,042 | €3,307 | -€3,735 | -53.0% |
| Other amounts payable | 47/48 | €37,083 | €7,122 | -€29,962 | -80.8% |
| Non-recurring operating income | 76A | €27,113 | €3,659 | -€23,454 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,985 | €15,098 | -€1,887 | -11.1% |
| Gross operating margin | 9900 | €61,954 | €34,997 | -€26,957 | -43.5% |
| Operating profit (loss) | 9901 | €44,969 | €19,899 | -€25,069 | -55.7% |
| Financial income | 75/76B | €5,075 | €795 | -€4,279 | -84.3% |
| Recurring financial income | 75 | €5,075 | €795 | -€4,279 | -84.3% |
| Financial charges | 65/66B | €858 | €1,066 | +€208 | +24.3% |
| Recurring financial charges | 65 | €858 | €1,066 | +€208 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €49,185 | €19,628 | -€29,557 | -60.1% |
| Income taxes | 67/77 | €15,429 | €7,740 | -€7,689 | -49.8% |
| Profit (loss) for the period | 9904 | €33,756 | €11,888 | -€21,868 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,756 | €11,888 | -€21,868 | -64.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.