GEN: 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.
GEN
Largest movements
- Receivables after one year -€7,510
down €7,510 (-11.0%), from €68,545 to €61,035
- Receivables within one year -€1,825
down €1,825 (-24.5%), from €7,455 to €5,630
of which Trade receivables: -€2,340
- Other debts -€31,900
down €31,900 (-49.4%), from €64,546 to €32,646
- Profit (loss) carried forward +€22,028
up €22,028 (+1.8%), from -€1.2m to -€1.2m
- Gross operating margin +€7,229
up €7,229 (+48.6%), from €14,864 to €22,094
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 | €162,971 | €153,113 | -€9,858 | -6.0% |
| Fixed assets | 21/28 | €86,410 | €86,410 | = | 0.0% |
| Financial fixed assets | 28 | €86,410 | €86,410 | = | 0.0% |
| Current assets | 29/58 | €76,561 | €66,703 | -€9,858 | -12.9% |
| Amounts receivable after more than one year | 29 | €68,545 | €61,035 | -€7,510 | -11.0% |
| Other amounts receivable | 291 | €68,545 | €61,035 | -€7,510 | -11.0% |
| Amounts receivable within one year | 40/41 | €7,455 | €5,630 | -€1,825 | -24.5% |
| Trade receivables | 40 | €2,340 | - | -€2,340 | |
| Other amounts receivable | 41 | €5,115 | €5,630 | +€515 | +10.1% |
| Cash at bank and in hand | 54/58 | €561 | €38 | -€522 | -93.2% |
| Total equity and liabilities | 10/49 | €162,971 | €153,113 | -€9,858 | -6.0% |
| Equity | 10/15 | -€410,088 | -€388,060 | +€22,028 | +5.4% |
| Contributions | 10/11 | €787,697 | €787,697 | = | 0.0% |
| Outside capital | 11 | €787,697 | €787,697 | = | 0.0% |
| Other | 1109/19 | €787,697 | €787,697 | = | 0.0% |
| Reserves | 13 | €4,762 | €4,762 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,159 | €3,159 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,159 | €3,159 | = | 0.0% |
| Distributable reserves | 133 | €1,603 | €1,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,202,546 | -€1,180,519 | +€22,028 | +1.8% |
| Amounts payable | 17/49 | €573,059 | €541,174 | -€31,886 | -5.6% |
| Amounts payable after more than one year | 17 | €508,000 | €508,000 | = | 0.0% |
| Financial debts | 170/4 | €508,000 | €508,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,059 | €33,174 | -€31,886 | -49.0% |
| Trade debts | 44 | €513 | €528 | +€14 | +2.8% |
| Suppliers | 440/4 | €513 | €528 | +€14 | +2.8% |
| Other amounts payable | 47/48 | €64,546 | €32,646 | -€31,900 | -49.4% |
| Gross operating margin | 9900 | €14,864 | €22,094 | +€7,229 | +48.6% |
| Operating profit (loss) | 9901 | €14,864 | €22,094 | +€7,229 | +48.6% |
| Financial charges | 65/66B | €67 | €66 | -€1 | -1.7% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €14,797 | €22,028 | +€7,231 | +48.9% |
| Profit (loss) for the period | 9904 | €14,797 | €22,028 | +€7,231 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,797 | €22,028 | +€7,231 | +48.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.