GenA Management: 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.
GenA Management
Largest movements
- Tangible fixed assets -€19,256
down €19,256 (-8.3%), from €232,344 to €213,087
of which Land and buildings: -€12,656
- Cash +€13,842
up €13,842 (+470.9%), from €2,940 to €16,782
mainly Net result for the year (+€36,175) and Depreciation (+€19,256)
- Receivables within one year +€6,628
up €6,628, from €0 to €6,628
of which Trade receivables: +€6,485
- Reserves -€25,140
down €25,140 (-11.5%), from €217,876 to €192,736
of which Distributable reserves: -€25,000
- Profit (loss) carried forward +€18,815
up €18,815 (+73.9%), from -€25,458 to -€6,643
- Other debts +€7,212
up €7,212 (+28.5%), from €25,288 to €32,500
- Gross operating margin +€78,778
up €78,778, from -€20,796 to €57,981
- Staff costs -€8,393
down €8,393, from €8,378 to -€15
- Other operating charges -€8,279
down €8,279 (-90.5%), from €9,148 to €869
- Write-downs +€8,257
up €8,257, from -€8,257 to €0
- Depreciation -€2,195
down €2,195 (-10.2%), from €21,451 to €19,256
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,382 | €237,782 | -€600 | -0.3% |
| Fixed assets | 21/28 | €232,344 | €213,087 | -€19,256 | -8.3% |
| Tangible fixed assets | 22/27 | €232,344 | €213,087 | -€19,256 | -8.3% |
| Land and buildings | 22 | €204,988 | €192,332 | -€12,656 | -6.2% |
| Plant, machinery and equipment | 23 | €26,085 | €20,147 | -€5,938 | -22.8% |
| Furniture and vehicles | 24 | €1,270 | €608 | -€662 | -52.1% |
| Current assets | 29/58 | €6,039 | €24,694 | +€18,656 | +308.9% |
| Amounts receivable within one year | 40/41 | €0 | €6,628 | +€6,628 | |
| Trade receivables | 40 | €0 | €6,485 | +€6,485 | |
| Other amounts receivable | 41 | €0 | €143 | +€143 | |
| Cash at bank and in hand | 54/58 | €2,940 | €16,782 | +€13,842 | +470.9% |
| Deferred charges and accrued income | 490/1 | €3,099 | €1,284 | -€1,814 | -58.6% |
| Total equity and liabilities | 10/49 | €238,382 | €237,782 | -€600 | -0.3% |
| Equity | 10/15 | €211,018 | €204,693 | -€6,325 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,876 | €192,736 | -€25,140 | -11.5% |
| Tax-exempt reserves | 132 | €140 | €0 | -€140 | -100.0% |
| Distributable reserves | 133 | €217,736 | €192,736 | -€25,000 | -11.5% |
| Profit (loss) carried forward | 14 | -€25,458 | -€6,643 | +€18,815 | +73.9% |
| Provisions and deferred taxes | 16 | €60 | €0 | -€60 | -100.0% |
| Deferred taxes | 168 | €60 | €0 | -€60 | -100.0% |
| Amounts payable | 17/49 | €27,304 | €33,089 | +€5,785 | +21.2% |
| Amounts payable within one year | 42/48 | €26,266 | €33,089 | +€6,822 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €828 | €589 | -€239 | -28.9% |
| Suppliers | 440/4 | €828 | €589 | -€239 | -28.9% |
| Taxes, remuneration and social security | 45 | €151 | €0 | -€151 | -100.0% |
| Taxes | 450/3 | €151 | €0 | -€151 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,288 | €32,500 | +€7,212 | +28.5% |
| Accrued charges and deferred income | 492/3 | €1,038 | €0 | -€1,038 | -100.0% |
| Non-recurring operating income | 76A | €331 | €0 | -€331 | -100.0% |
| Remuneration, social security and pensions | 62 | €8,378 | -€15 | -€8,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,451 | €19,256 | -€2,195 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,257 | €0 | +€8,257 | |
| Other operating charges | 640/8 | €9,148 | €869 | -€8,279 | -90.5% |
| Gross operating margin | 9900 | -€20,796 | €57,981 | +€78,778 | |
| Operating profit (loss) | 9901 | -€51,516 | €37,871 | +€89,387 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €594 | €882 | +€288 | +48.5% |
| Recurring financial charges | 65 | €594 | €882 | +€288 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,110 | €36,997 | +€89,106 | |
| Transfer from deferred taxes | 780 | €60 | €60 | = | 0.0% |
| Income taxes | 67/77 | €1,821 | €882 | -€940 | -51.6% |
| Profit (loss) for the period | 9904 | -€53,871 | €36,175 | +€90,046 | |
| Transfer from tax-exempt reserves | 789 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,731 | €36,315 | +€90,046 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.