GENAM: 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.
GENAM
Largest movements
- Tangible fixed assets -€13,143
down €13,143 (-7.0%), from €187,744 to €174,601
of which Land and buildings: -€7,765
- Cash -€7,128
down €7,128 (-40.6%), from €17,537 to €10,408
mainly Net result for the year (-€16,685) and Trade debts (-€3,078)
- Profit (loss) carried forward -€16,685
down €16,685 (-6.2%), from -€270,531 to -€287,216
- Trade debts -€3,078
down €3,078 (-96.5%), from €3,191 to €112
- Gross operating margin -€2,136
down €2,136 (-84.0%), from €2,544 to €408
- Depreciation -€1,698
down €1,698 (-11.4%), from €14,841 to €13,143
- Financial charges -€64
down €64 (-46.7%), from €136 to €73
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 | €211,591 | €191,827 | -€19,763 | -9.3% |
| Fixed assets | 21/28 | €187,744 | €174,601 | -€13,143 | -7.0% |
| Tangible fixed assets | 22/27 | €187,744 | €174,601 | -€13,143 | -7.0% |
| Land and buildings | 22 | €162,128 | €154,363 | -€7,765 | -4.8% |
| Plant, machinery and equipment | 23 | €25,616 | €20,238 | -€5,378 | -21.0% |
| Current assets | 29/58 | €23,847 | €17,226 | -€6,620 | -27.8% |
| Amounts receivable within one year | 40/41 | €4,459 | €3,715 | -€744 | -16.7% |
| Trade receivables | 40 | €252 | €0 | -€252 | -100.0% |
| Other amounts receivable | 41 | €4,206 | €3,715 | -€491 | -11.7% |
| Cash at bank and in hand | 54/58 | €17,537 | €10,408 | -€7,128 | -40.6% |
| Deferred charges and accrued income | 490/1 | €1,851 | €3,103 | +€1,252 | +67.6% |
| Total equity and liabilities | 10/49 | €211,591 | €191,827 | -€19,763 | -9.3% |
| Equity | 10/15 | €94,833 | €78,148 | -€16,685 | -17.6% |
| Contributions | 10/11 | €156,102 | €156,102 | = | 0.0% |
| Capital | 10 | €156,102 | €156,102 | = | 0.0% |
| Issued capital | 100 | €156,102 | €156,102 | = | 0.0% |
| Revaluation surpluses | 12 | €209,262 | €209,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,531 | -€287,216 | -€16,685 | -6.2% |
| Amounts payable | 17/49 | €116,758 | €113,680 | -€3,078 | -2.6% |
| Amounts payable within one year | 42/48 | €116,758 | €113,680 | -€3,078 | -2.6% |
| Trade debts | 44 | €3,191 | €112 | -€3,078 | -96.5% |
| Suppliers | 440/4 | €3,191 | €112 | -€3,078 | -96.5% |
| Other amounts payable | 47/48 | €113,567 | €113,567 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,841 | €13,143 | -€1,698 | -11.4% |
| Other operating charges | 640/8 | €3,877 | €3,877 | -€0 | 0.0% |
| Gross operating margin | 9900 | €2,544 | €408 | -€2,136 | -84.0% |
| Operating profit (loss) | 9901 | -€16,174 | -€16,612 | -€438 | -2.7% |
| Financial charges | 65/66B | €136 | €73 | -€64 | -46.7% |
| Recurring financial charges | 65 | €136 | €73 | -€64 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,310 | -€16,685 | -€375 | -2.3% |
| Profit (loss) for the period | 9904 | -€16,310 | -€16,685 | -€375 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,310 | -€16,685 | -€375 | -2.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.