GEN3G: 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.
GEN3G
Largest movements
- Tangible fixed assets +€196,293
up €196,293 (+22.8%), from €859,461 to €1.1m
of which Land and buildings: +€191,150
- Receivables within one year +€134,983
up €134,983 (+682%), from €19,800 to €154,783
of which Other amounts receivable: +€92,030
- Debts after one year +€329,455
up €329,455 (+66.1%), from €498,220 to €827,676
- Other debts -€43,090
down €43,090 (-99.4%), from €43,332 to €242
- Current portion of long-term debt +€22,655
up €22,655 (+27.9%), from €81,070 to €103,725
- Staff costs +€36,089
up €36,089 (+81.9%), from €44,077 to €80,165
- Gross operating margin +€35,794
up €35,794 (+28.2%), from €127,140 to €162,934
- Financial charges +€12,715
up €12,715 (+99.4%), from €12,797 to €25,512
- Taxes -€6,439
down €6,439 (-92.8%), from €6,942 to €502
- Depreciation +€3,402
up €3,402 (+9.1%), from €37,532 to €40,934
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 | €882,242 | €1,210,922 | +€328,680 | +37.3% |
| Fixed assets | 21/28 | €859,461 | €1,055,755 | +€196,293 | +22.8% |
| Tangible fixed assets | 22/27 | €859,461 | €1,055,755 | +€196,293 | +22.8% |
| Land and buildings | 22 | €842,602 | €1,033,752 | +€191,150 | +22.7% |
| Plant, machinery and equipment | 23 | €14,489 | €8,289 | -€6,200 | -42.8% |
| Furniture and vehicles | 24 | €2,370 | €13,713 | +€11,343 | +479% |
| Current assets | 29/58 | €22,781 | €155,167 | +€132,386 | +581% |
| Amounts receivable within one year | 40/41 | €19,800 | €154,783 | +€134,983 | +682% |
| Trade receivables | 40 | €19,800 | €62,753 | +€42,953 | +217% |
| Other amounts receivable | 41 | €0 | €92,030 | +€92,030 | |
| Cash at bank and in hand | 54/58 | €2,958 | €370 | -€2,589 | -87.5% |
| Deferred charges and accrued income | 490/1 | €22 | €14 | -€8 | -36.6% |
| Total equity and liabilities | 10/49 | €882,242 | €1,210,922 | +€328,680 | +37.3% |
| Equity | 10/15 | €220,580 | €228,730 | +€8,150 | +3.7% |
| Contributions | 10/11 | €123,950 | €123,950 | = | 0.0% |
| Capital | 10 | €123,950 | €123,950 | = | 0.0% |
| Issued capital | 100 | €123,950 | €123,950 | = | 0.0% |
| Reserves | 13 | €96,630 | €104,780 | +€8,150 | +8.4% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,617 | €5,617 | = | 0.0% |
| Distributable reserves | 133 | €78,619 | €86,769 | +€8,150 | +10.4% |
| Amounts payable | 17/49 | €661,662 | €982,192 | +€320,530 | +48.4% |
| Amounts payable after more than one year | 17 | €498,220 | €827,676 | +€329,455 | +66.1% |
| Financial debts | 170/4 | €498,220 | €827,676 | +€329,455 | +66.1% |
| Amounts payable within one year | 42/48 | €159,295 | €151,454 | -€7,841 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €81,070 | €103,725 | +€22,655 | +27.9% |
| Trade debts | 44 | €9,780 | €15,888 | +€6,108 | +62.5% |
| Suppliers | 440/4 | €9,780 | €15,888 | +€6,108 | +62.5% |
| Taxes, remuneration and social security | 45 | €25,114 | €31,599 | +€6,485 | +25.8% |
| Taxes | 450/3 | €12,257 | €9,707 | -€2,550 | -20.8% |
| Remuneration and social security | 454/9 | €12,857 | €21,892 | +€9,035 | +70.3% |
| Other amounts payable | 47/48 | €43,332 | €242 | -€43,090 | -99.4% |
| Accrued charges and deferred income | 492/3 | €4,147 | €3,062 | -€1,085 | -26.2% |
| Remuneration, social security and pensions | 62 | €44,077 | €80,165 | +€36,089 | +81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,532 | €40,934 | +€3,402 | +9.1% |
| Other operating charges | 640/8 | €9,300 | €9,397 | +€97 | +1.0% |
| Gross operating margin | 9900 | €127,140 | €162,934 | +€35,794 | +28.2% |
| Operating profit (loss) | 9901 | €36,231 | €32,438 | -€3,793 | -10.5% |
| Financial income | 75/76B | €0 | €1,727 | +€1,727 | |
| Recurring financial income | 75 | €0 | €1,727 | +€1,727 | |
| Financial charges | 65/66B | €12,797 | €25,512 | +€12,715 | +99.4% |
| Recurring financial charges | 65 | €12,797 | €25,512 | +€12,715 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | €23,434 | €8,652 | -€14,782 | -63.1% |
| Income taxes | 67/77 | €6,942 | €502 | -€6,439 | -92.8% |
| Profit (loss) for the period | 9904 | €16,493 | €8,150 | -€8,343 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,493 | €8,150 | -€8,343 | -50.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.