GENACON: 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.
GENACON
Largest movements
- Current investments -€100,003
down €100,003 (-20.0%), from €500,000 to €399,997
- Receivables within one year -€28,354
down €28,354 (-45.5%), from €62,324 to €33,971
of which Trade receivables: -€24,184
- Tangible fixed assets -€17,344
down €17,344 (-14.0%), from €124,045 to €106,701
of which Furniture and vehicles: -€15,932
- Cash -€13,193
down €13,193 (-12.3%), from €107,631 to €94,439
mainly Other debts (-€201,862) and Trade debts (-€9,554)
- Other debts -€201,862
down €201,862 (-98.5%), from €205,000 to €3,138
- Reserves +€55,000
up €55,000 (+11.5%), from €476,200 to €531,200
- Trade debts -€9,554
down €9,554 (-76.0%), from €12,573 to €3,019
- Gross operating margin -€24,564
down €24,564 (-20.1%), from €122,325 to €97,761
- Depreciation +€10,864
up €10,864 (+127.4%), from €8,527 to €19,390
- Financial income +€7,599
up €7,599 (+373.0%), from €2,037 to €9,636
- Taxes -€5,658
down €5,658 (-18.5%), from €30,611 to €24,953
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 | €795,214 | €637,181 | -€158,033 | -19.9% |
| Fixed assets | 21/28 | €124,045 | €106,701 | -€17,344 | -14.0% |
| Tangible fixed assets | 22/27 | €124,045 | €106,701 | -€17,344 | -14.0% |
| Land and buildings | 22 | €31,215 | €31,215 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,815 | €4,703 | -€1,112 | -19.1% |
| Furniture and vehicles | 24 | €81,015 | €65,083 | -€15,932 | -19.7% |
| Leasing and similar rights | 25 | €6,000 | €5,700 | -€300 | -5.0% |
| Current assets | 29/58 | €671,169 | €530,480 | -€140,689 | -21.0% |
| Stocks and contracts in progress | 3 | €262 | €209 | -€53 | -20.3% |
| Stocks | 30/36 | €262 | €209 | -€53 | -20.3% |
| Amounts receivable within one year | 40/41 | €62,324 | €33,971 | -€28,354 | -45.5% |
| Trade receivables | 40 | €58,155 | €33,971 | -€24,184 | -41.6% |
| Other amounts receivable | 41 | €4,170 | €0 | -€4,170 | -100.0% |
| Current investments | 50/53 | €500,000 | €399,997 | -€100,003 | -20.0% |
| Cash at bank and in hand | 54/58 | €107,631 | €94,439 | -€13,193 | -12.3% |
| Deferred charges and accrued income | 490/1 | €952 | €1,865 | +€914 | +96.0% |
| Total equity and liabilities | 10/49 | €795,214 | €637,181 | -€158,033 | -19.9% |
| Equity | 10/15 | €544,171 | €599,246 | +€55,075 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,200 | €531,200 | +€55,000 | +11.5% |
| Distributable reserves | 133 | €476,200 | €531,200 | +€55,000 | +11.5% |
| Profit (loss) carried forward | 14 | €49,371 | €49,446 | +€75 | +0.2% |
| Provisions and deferred taxes | 16 | €1,776 | €1,776 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,776 | €1,776 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,776 | €1,776 | = | 0.0% |
| Amounts payable | 17/49 | €249,268 | €36,160 | -€213,108 | -85.5% |
| Amounts payable after more than one year | 17 | €6,300 | €5,700 | -€600 | -9.5% |
| Financial debts | 170/4 | €6,300 | €5,700 | -€600 | -9.5% |
| Amounts payable within one year | 42/48 | €242,968 | €30,455 | -€212,513 | -87.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €300 | +€300 | |
| Trade debts | 44 | €12,573 | €3,019 | -€9,554 | -76.0% |
| Suppliers | 440/4 | €12,573 | €3,019 | -€9,554 | -76.0% |
| Taxes, remuneration and social security | 45 | €25,395 | €23,998 | -€1,397 | -5.5% |
| Taxes | 450/3 | €22,445 | €15,153 | -€7,291 | -32.5% |
| Remuneration and social security | 454/9 | €2,950 | €8,844 | +€5,894 | +199.8% |
| Other amounts payable | 47/48 | €205,000 | €3,138 | -€201,862 | -98.5% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Non-recurring operating income | 76A | €2,893 | €1,157 | -€1,736 | -60.0% |
| Remuneration, social security and pensions | 62 | €67 | €59 | -€8 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,527 | €19,390 | +€10,864 | +127.4% |
| Other operating charges | 640/8 | €7,649 | €7,497 | -€152 | -2.0% |
| Gross operating margin | 9900 | €122,325 | €97,761 | -€24,564 | -20.1% |
| Operating profit (loss) | 9901 | €106,082 | €70,815 | -€35,267 | -33.2% |
| Financial income | 75/76B | €2,037 | €9,636 | +€7,599 | +373.0% |
| Recurring financial income | 75 | €2,037 | €9,636 | +€7,599 | +373.0% |
| Financial charges | 65/66B | €87 | €423 | +€336 | +385.5% |
| Recurring financial charges | 65 | €87 | €423 | +€336 | +385.5% |
| Profit (loss) for the period before taxes | 9903 | €108,032 | €80,028 | -€28,004 | -25.9% |
| Income taxes | 67/77 | €30,611 | €24,953 | -€5,658 | -18.5% |
| Profit (loss) for the period | 9904 | €77,421 | €55,075 | -€22,346 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,421 | €55,075 | -€22,346 | -28.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.