GEN7 Academy: 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.
GEN7 Academy
Largest movements
- Receivables within one year -€36,975
down €36,975 (-27.9%), from €132,344 to €95,369
of which Trade receivables: -€45,034
- Cash -€10,261
down €10,261 (-8.3%), from €122,981 to €112,721
mainly Net result for the year (-€67,522) and Trade debts (-€58,481)
- Advances received +€81,247
up €81,247 (+48.1%), from €168,889 to €250,135
- Profit (loss) carried forward -€67,522
down €67,522, from €10,367 to -€57,155
- Trade debts -€58,481
down €58,481 (-86.0%), from €68,011 to €9,529
- Gross operating margin -€69,011
down €69,011, from €3,635 to -€65,376
- Financial charges +€1,275
up €1,275 (+2,361%), from €54 to €1,329
- Other operating charges +€818
new in 2024: €818
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,326 | €210,569 | -€44,756 | -17.5% |
| Fixed assets | 21/28 | - | €2,479 | +€2,479 | |
| Intangible fixed assets | 21 | - | €2,479 | +€2,479 | |
| Current assets | 29/58 | €255,326 | €208,090 | -€47,236 | -18.5% |
| Amounts receivable within one year | 40/41 | €132,344 | €95,369 | -€36,975 | -27.9% |
| Trade receivables | 40 | €118,688 | €73,655 | -€45,034 | -37.9% |
| Other amounts receivable | 41 | €13,656 | €21,715 | +€8,059 | +59.0% |
| Cash at bank and in hand | 54/58 | €122,981 | €112,721 | -€10,261 | -8.3% |
| Total equity and liabilities | 10/49 | €255,326 | €210,569 | -€44,756 | -17.5% |
| Equity | 10/15 | €18,427 | -€49,095 | -€67,522 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,367 | -€57,155 | -€67,522 | |
| Amounts payable | 17/49 | €236,899 | €259,664 | +€22,765 | +9.6% |
| Amounts payable within one year | 42/48 | €236,899 | €259,664 | +€22,765 | +9.6% |
| Trade debts | 44 | €68,011 | €9,529 | -€58,481 | -86.0% |
| Suppliers | 440/4 | €68,011 | €9,529 | -€58,481 | -86.0% |
| Advances received on contracts in progress | 46 | €168,889 | €250,135 | +€81,247 | +48.1% |
| Other operating charges | 640/8 | - | €818 | +€818 | |
| Gross operating margin | 9900 | €3,635 | -€65,376 | -€69,011 | |
| Operating profit (loss) | 9901 | €3,635 | -€66,193 | -€69,828 | |
| Financial income | 75/76B | €72 | - | -€72 | |
| Recurring financial income | 75 | €72 | - | -€72 | |
| Financial charges | 65/66B | €54 | €1,329 | +€1,275 | +2,361% |
| Recurring financial charges | 65 | €54 | €1,329 | +€1,275 | +2,361% |
| Profit (loss) for the period before taxes | 9903 | €3,653 | -€67,522 | -€71,174 | |
| Profit (loss) for the period | 9904 | €3,653 | -€67,522 | -€71,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,653 | -€67,522 | -€71,174 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.