Gena: 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.
Gena
Largest movements
- Tangible fixed assets -€87,687
down €87,687 (-9.1%), from €965,204 to €877,517
of which Land and buildings: -€73,252
- Receivables within one year -€37,238
down €37,238 (-64.6%), from €57,601 to €20,363
of which Trade receivables: -€20,219
- Reserves +€121,239
up €121,239 (+42.5%), from €285,019 to €406,258
of which Distributable reserves: +€115,139
- Provisions -€99,698
down €99,698 (-68.5%), from €145,488 to €45,790
of which Provisions for liabilities and charges: -€99,698
- Debts after one year -€80,968
no longer reported in 2025 (was €80,968)
- Trade debts -€63,623
down €63,623 (-67.8%), from €93,790 to €30,167
- Provisions -€99,698
new in 2025: -€99,698
- Financial charges +€82,799
up €82,799 (+1181.4%), from €7,008 to €89,807
of which Non-recurring financial charges: +€89,096
- Taxes +€32,387
up €32,387 (+76.8%), from €42,159 to €74,546
- Gross operating margin +€10,607
up €10,607 (+4.0%), from €266,795 to €277,402
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 | €1,868,943 | €1,757,030 | -€111,913 | -6.0% |
| Fixed assets | 21/28 | €1,611,266 | €1,523,579 | -€87,687 | -5.4% |
| Tangible fixed assets | 22/27 | €965,204 | €877,517 | -€87,687 | -9.1% |
| Land and buildings | 22 | €903,862 | €830,610 | -€73,252 | -8.1% |
| Plant, machinery and equipment | 23 | €7,056 | €6,348 | -€707 | -10.0% |
| Furniture and vehicles | 24 | €54,286 | €40,559 | -€13,727 | -25.3% |
| Financial fixed assets | 28 | €646,062 | €646,062 | = | 0.0% |
| Current assets | 29/58 | €257,677 | €233,451 | -€24,227 | -9.4% |
| Amounts receivable within one year | 40/41 | €57,601 | €20,363 | -€37,238 | -64.6% |
| Trade receivables | 40 | €31,298 | €11,079 | -€20,219 | -64.6% |
| Other amounts receivable | 41 | €26,303 | €9,283 | -€17,019 | -64.7% |
| Cash at bank and in hand | 54/58 | €198,225 | €212,496 | +€14,271 | +7.2% |
| Deferred charges and accrued income | 490/1 | €1,851 | €592 | -€1,260 | -68.0% |
| Total equity and liabilities | 10/49 | €1,868,943 | €1,757,030 | -€111,913 | -6.0% |
| Equity | 10/15 | €1,535,019 | €1,656,258 | +€121,239 | +7.9% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Capital | 10 | €510,000 | €510,000 | = | 0.0% |
| Issued capital | 100 | €510,000 | €510,000 | = | 0.0% |
| Revaluation surpluses | 12 | €740,000 | €740,000 | = | 0.0% |
| Reserves | 13 | €285,019 | €406,258 | +€121,239 | +42.5% |
| Non-distributable reserves | 130/1 | €43,707 | €49,807 | +€6,100 | +14.0% |
| Legal reserve | 130 | €43,707 | €49,807 | +€6,100 | +14.0% |
| Tax-exempt reserves | 132 | €155,991 | €155,991 | = | 0.0% |
| Distributable reserves | 133 | €85,321 | €200,460 | +€115,139 | +134.9% |
| Provisions and deferred taxes | 16 | €145,488 | €45,790 | -€99,698 | -68.5% |
| Provisions for liabilities and charges | 160/5 | €99,698 | - | -€99,698 | |
| Other liabilities and charges | 164/5 | €99,698 | - | -€99,698 | |
| Deferred taxes | 168 | €45,790 | €45,790 | = | 0.0% |
| Amounts payable | 17/49 | €188,437 | €54,982 | -€133,455 | -70.8% |
| Amounts payable after more than one year | 17 | €80,968 | - | -€80,968 | |
| Financial debts | 170/4 | €80,968 | - | -€80,968 | |
| Amounts payable within one year | 42/48 | €107,468 | €54,982 | -€52,486 | -48.8% |
| Trade debts | 44 | €93,790 | €30,167 | -€63,623 | -67.8% |
| Suppliers | 440/4 | €93,790 | €30,167 | -€63,623 | -67.8% |
| Taxes, remuneration and social security | 45 | €13,313 | €24,450 | +€11,136 | +83.6% |
| Taxes | 450/3 | €13,313 | €24,450 | +€11,136 | +83.6% |
| Other amounts payable | 47/48 | €365 | €365 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,105 | €87,687 | +€1,582 | +1.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€99,698 | -€99,698 | |
| Other operating charges | 640/8 | €7,639 | €5,099 | -€2,539 | -33.2% |
| Gross operating margin | 9900 | €266,795 | €277,402 | +€10,607 | +4.0% |
| Operating profit (loss) | 9901 | €173,052 | €284,314 | +€111,262 | +64.3% |
| Financial income | 75/76B | €929 | €1,279 | +€349 | +37.6% |
| Recurring financial income | 75 | €929 | €1,279 | +€349 | +37.6% |
| Financial charges | 65/66B | €7,008 | €89,807 | +€82,799 | +1181.4% |
| Recurring financial charges | 65 | €7,008 | €711 | -€6,297 | -89.9% |
| Non-recurring financial charges | 66B | - | €89,096 | +€89,096 | |
| Profit (loss) for the period before taxes | 9903 | €166,973 | €195,785 | +€28,812 | +17.3% |
| Income taxes | 67/77 | €42,159 | €74,546 | +€32,387 | +76.8% |
| Profit (loss) for the period | 9904 | €124,813 | €121,239 | -€3,574 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,813 | €121,239 | -€3,574 | -2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.