GEN Electro: 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.
GEN Electro
Largest movements
- Stocks and contracts -€15,071
down €15,071 (-75.8%), from €19,893 to €4,822
- Cash +€7,703
new in 2025: €7,703
mainly Net result for the year (+€35,607) and Stocks and contracts (+€15,071)
- Receivables within one year +€5,921
up €5,921 (+11.5%), from €51,414 to €57,335
of which Trade receivables: +€7,497
- Tangible fixed assets +€3,636
up €3,636 (+28.6%), from €12,716 to €16,351
of which Plant, machinery and equipment: +€4,824
- Profit (loss) carried forward +€25,607
up €25,607 (+82.7%), from €30,955 to €56,562
- Trade debts -€13,400
down €13,400 (-67.1%), from €19,964 to €6,564
- Other debts -€7,413
down €7,413 (-47.9%), from €15,472 to €8,059
- Short-term financial debts -€7,246
down €7,246 (-100%), from €7,246 to €0
- Tax, wage and social debts +€5,100
up €5,100 (+218%), from €2,342 to €7,442
of which Taxes: +€3,600
- Gross operating margin +€30,793
up €30,793 (+116%), from €26,651 to €57,444
- Taxes +€9,580
up €9,580 (+241%), from €3,977 to €13,556
- Depreciation -€1,956
down €1,956 (-37.2%), from €5,251 to €3,296
- Financial charges +€638
up €638 (+19.1%), from €3,348 to €3,986
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 | €84,316 | €86,946 | +€2,630 | +3.1% |
| Fixed assets | 21/28 | €12,716 | €16,351 | +€3,636 | +28.6% |
| Tangible fixed assets | 22/27 | €12,716 | €16,351 | +€3,636 | +28.6% |
| Land and buildings | 22 | €3,684 | €3,410 | -€274 | -7.4% |
| Plant, machinery and equipment | 23 | - | €4,824 | +€4,824 | |
| Furniture and vehicles | 24 | €9,031 | €8,117 | -€915 | -10.1% |
| Current assets | 29/58 | €71,601 | €70,595 | -€1,006 | -1.4% |
| Stocks and contracts in progress | 3 | €19,893 | €4,822 | -€15,071 | -75.8% |
| Stocks | 30/36 | €19,893 | €4,822 | -€15,071 | -75.8% |
| Amounts receivable within one year | 40/41 | €51,414 | €57,335 | +€5,921 | +11.5% |
| Trade receivables | 40 | €43,676 | €51,173 | +€7,497 | +17.2% |
| Other amounts receivable | 41 | €7,738 | €6,162 | -€1,576 | -20.4% |
| Cash at bank and in hand | 54/58 | - | €7,703 | +€7,703 | |
| Deferred charges and accrued income | 490/1 | €294 | €736 | +€442 | +150% |
| Total equity and liabilities | 10/49 | €84,316 | €86,946 | +€2,630 | +3.1% |
| Equity | 10/15 | €38,955 | €64,562 | +€25,607 | +65.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,955 | €56,562 | +€25,607 | +82.7% |
| Amounts payable | 17/49 | €45,361 | €22,384 | -€22,977 | -50.7% |
| Amounts payable within one year | 42/48 | €45,361 | €22,064 | -€23,297 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €338 | €0 | -€338 | -100% |
| Financial debts | 43 | €7,246 | €0 | -€7,246 | -100% |
| Credit institutions | 430/8 | €7,246 | €0 | -€7,246 | -100% |
| Trade debts | 44 | €19,964 | €6,564 | -€13,400 | -67.1% |
| Suppliers | 440/4 | €19,964 | €6,564 | -€13,400 | -67.1% |
| Taxes, remuneration and social security | 45 | €2,342 | €7,442 | +€5,100 | +218% |
| Taxes | 450/3 | €1,989 | €5,589 | +€3,600 | +181% |
| Remuneration and social security | 454/9 | €352 | €1,852 | +€1,500 | +426% |
| Other amounts payable | 47/48 | €15,472 | €8,059 | -€7,413 | -47.9% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Non-recurring operating income | 76A | - | €6,948 | +€6,948 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,251 | €3,296 | -€1,956 | -37.2% |
| Other operating charges | 640/8 | €1,236 | €999 | -€236 | -19.1% |
| Gross operating margin | 9900 | €26,651 | €57,444 | +€30,793 | +116% |
| Operating profit (loss) | 9901 | €20,164 | €53,149 | +€32,985 | +164% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,348 | €3,986 | +€638 | +19.1% |
| Recurring financial charges | 65 | €3,348 | €3,986 | +€638 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €16,816 | €49,163 | +€32,347 | +192% |
| Income taxes | 67/77 | €3,977 | €13,556 | +€9,580 | +241% |
| Profit (loss) for the period | 9904 | €12,839 | €35,607 | +€22,767 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €12,839 | €35,607 | +€22,767 | +177% |
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 13 October 2026 via checked.be.