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
- Receivables within one year -€134,863
down €134,863 (-53.1%), from €253,882 to €119,019
of which Trade receivables: -€129,083
- Cash +€54,484
up €54,484 (+60.9%), from €89,488 to €143,972
mainly Receivables within one year (+€134,863) and Depreciation (+€47,206)
- Tangible fixed assets -€41,543
down €41,543 (-35.5%), from €116,996 to €75,453
of which Leasing and similar rights: -€37,788
- Stocks and contracts +€14,056
up €14,056 (+18.3%), from €76,615 to €90,671
of which Stocks: +€38,500
- Current portion of long-term debt -€43,381
down €43,381 (-58.8%), from €73,839 to €30,458
- Other debts -€33,413
down €33,413 (-93.9%), from €35,600 to €2,187
- Accrued charges and deferred income -€30,815
down €30,815 (-98.0%), from €31,435 to €620
- Profit (loss) carried forward +€29,443
up €29,443 (+20.7%), from €142,000 to €171,443
- Debts after one year -€19,276
down €19,276 (-30.3%), from €63,636 to €44,360
- Gross operating margin +€38,693
up €38,693 (+9.2%), from €420,957 to €459,650
- Staff costs +€18,610
up €18,610 (+5.7%), from €327,610 to €346,220
- Depreciation -€7,829
down €7,829 (-14.2%), from €55,035 to €47,206
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.
Cash bridge derived
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 | €541,710 | €433,492 | -€108,218 | -20.0% |
| Fixed assets | 21/28 | €116,996 | €75,453 | -€41,543 | -35.5% |
| Tangible fixed assets | 22/27 | €116,996 | €75,453 | -€41,543 | -35.5% |
| Plant, machinery and equipment | 23 | €20,451 | €15,449 | -€5,002 | -24.5% |
| Furniture and vehicles | 24 | - | €1,247 | +€1,247 | |
| Leasing and similar rights | 25 | €96,545 | €58,757 | -€37,788 | -39.1% |
| Current assets | 29/58 | €424,714 | €358,040 | -€66,674 | -15.7% |
| Stocks and contracts in progress | 3 | €76,615 | €90,671 | +€14,056 | +18.3% |
| Stocks | 30/36 | €21,615 | €60,115 | +€38,500 | +178.1% |
| Contracts in progress | 37 | €55,000 | €30,556 | -€24,444 | -44.4% |
| Amounts receivable within one year | 40/41 | €253,882 | €119,019 | -€134,863 | -53.1% |
| Trade receivables | 40 | €243,508 | €114,425 | -€129,083 | -53.0% |
| Other amounts receivable | 41 | €10,374 | €4,594 | -€5,780 | -55.7% |
| Cash at bank and in hand | 54/58 | €89,488 | €143,972 | +€54,484 | +60.9% |
| Deferred charges and accrued income | 490/1 | €4,729 | €4,378 | -€351 | -7.4% |
| Total equity and liabilities | 10/49 | €541,710 | €433,492 | -€108,218 | -20.0% |
| Equity | 10/15 | €233,335 | €261,995 | +€28,660 | +12.3% |
| Contributions | 10/11 | €29,529 | €29,529 | +€0 | 0.0% |
| Reserves | 13 | €61,022 | €61,022 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | - | €2,216 | +€2,216 | |
| Reserves not available under the articles | 1311 | - | €2,216 | +€2,216 | |
| Tax-exempt reserves | 132 | €16,961 | €16,961 | +€0 | 0.0% |
| Distributable reserves | 133 | €44,061 | €41,845 | -€2,216 | -5.0% |
| Profit (loss) carried forward | 14 | €142,000 | €171,443 | +€29,443 | +20.7% |
| Investment grants | 15 | €784 | - | -€784 | |
| Amounts payable | 17/49 | €308,375 | €171,498 | -€136,877 | -44.4% |
| Amounts payable after more than one year | 17 | €63,636 | €44,360 | -€19,276 | -30.3% |
| Financial debts | 170/4 | €63,636 | €44,360 | -€19,276 | -30.3% |
| Amounts payable within one year | 42/48 | €213,304 | €126,519 | -€86,785 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €73,839 | €30,458 | -€43,381 | -58.8% |
| Trade debts | 44 | €49,995 | €57,850 | +€7,855 | +15.7% |
| Suppliers | 440/4 | €49,995 | €57,850 | +€7,855 | +15.7% |
| Taxes, remuneration and social security | 45 | €53,870 | €36,023 | -€17,847 | -33.1% |
| Taxes | 450/3 | €25,296 | €7,784 | -€17,512 | -69.2% |
| Remuneration and social security | 454/9 | €28,574 | €28,239 | -€335 | -1.2% |
| Other amounts payable | 47/48 | €35,600 | €2,187 | -€33,413 | -93.9% |
| Accrued charges and deferred income | 492/3 | €31,435 | €620 | -€30,815 | -98.0% |
| Remuneration, social security and pensions | 62 | €327,610 | €346,220 | +€18,610 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,035 | €47,206 | -€7,829 | -14.2% |
| Other operating charges | 640/8 | €13,114 | €15,482 | +€2,368 | +18.1% |
| Gross operating margin | 9900 | €420,957 | €459,650 | +€38,693 | +9.2% |
| Operating profit (loss) | 9901 | €25,198 | €50,741 | +€25,543 | +101.4% |
| Financial income | 75/76B | €2,045 | €1,862 | -€183 | -9.0% |
| Recurring financial income | 75 | €2,045 | €1,862 | -€183 | -9.0% |
| Financial charges | 65/66B | €9,141 | €9,112 | -€29 | -0.3% |
| Recurring financial charges | 65 | €9,141 | €9,112 | -€29 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €18,102 | €43,491 | +€25,389 | +140.3% |
| Income taxes | 67/77 | €7,615 | €6,757 | -€858 | -11.3% |
| Profit (loss) for the period | 9904 | €10,487 | €36,734 | +€26,247 | +250.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,487 | €36,734 | +€26,247 | +250.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.