GENAPPE ENVELOPPE: 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.
GENAPPE ENVELOPPE
Largest movements
- Receivables within one year +€3,370
up €3,370 (+13.4%), from €25,236 to €28,606
of which Trade receivables: +€3,348
- Cash -€1,311
down €1,311 (-61.2%), from €2,142 to €831
mainly Net result for the year (-€15,729) and Investment in fixed assets (net) (-€5,212)
- Tangible fixed assets +€850
up €850 (+9.2%), from €9,243 to €10,093
of which Furniture and vehicles: +€2,310
- Profit (loss) carried forward -€15,729
down €15,729 (-24.9%), from -€63,090 to -€78,818
- Other debts +€14,536
up €14,536 (+27.0%), from €53,802 to €68,338
- Tax, wage and social debts +€3,300
up €3,300 (+332%), from €995 to €4,296
- Short-term financial debts +€975
up €975 (+28.9%), from €3,376 to €4,351
- Gross operating margin +€9,290
up €9,290 (+47.4%), from -€19,598 to -€10,308
- Depreciation +€2,853
up €2,853 (+189%), from €1,509 to €4,362
- Other operating charges -€2,288
down €2,288 (-91.5%), from €2,500 to €213
- Financial charges -€924
down €924 (-54.2%), from €1,707 to €782
- Financial income -€683
down €683 (-87.5%), from €780 to €98
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.
Derived cash bridge
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 | €36,621 | €39,530 | +€2,909 | +7.9% |
| Fixed assets | 21/28 | €9,243 | €10,093 | +€850 | +9.2% |
| Tangible fixed assets | 22/27 | €9,243 | €10,093 | +€850 | +9.2% |
| Plant, machinery and equipment | 23 | €6,385 | €4,926 | -€1,459 | -22.9% |
| Furniture and vehicles | 24 | €2,858 | €5,168 | +€2,310 | +80.8% |
| Current assets | 29/58 | €27,378 | €29,436 | +€2,059 | +7.5% |
| Amounts receivable within one year | 40/41 | €25,236 | €28,606 | +€3,370 | +13.4% |
| Trade receivables | 40 | €20,567 | €23,916 | +€3,348 | +16.3% |
| Other amounts receivable | 41 | €4,668 | €4,690 | +€22 | +0.5% |
| Cash at bank and in hand | 54/58 | €2,142 | €831 | -€1,311 | -61.2% |
| Total equity and liabilities | 10/49 | €36,621 | €39,530 | +€2,909 | +7.9% |
| Equity | 10/15 | -€38,668 | -€54,397 | -€15,729 | -40.7% |
| Contributions | 10/11 | €22,432 | €22,432 | = | 0.0% |
| Reserves | 13 | €1,990 | €1,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,990 | €1,990 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,990 | €1,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,090 | -€78,818 | -€15,729 | -24.9% |
| Amounts payable | 17/49 | €75,289 | €93,926 | +€18,638 | +24.8% |
| Amounts payable within one year | 42/48 | €75,289 | €93,926 | +€18,638 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €2,605 | €2,605 | = | 0.0% |
| Financial debts | 43 | €3,376 | €4,351 | +€975 | +28.9% |
| Credit institutions | 430/8 | €3,376 | €4,351 | +€975 | +28.9% |
| Trade debts | 44 | €14,510 | €14,337 | -€173 | -1.2% |
| Suppliers | 440/4 | €14,510 | €14,337 | -€173 | -1.2% |
| Taxes, remuneration and social security | 45 | €995 | €4,296 | +€3,300 | +332% |
| Taxes | 450/3 | €995 | €4,296 | +€3,300 | +332% |
| Other amounts payable | 47/48 | €53,802 | €68,338 | +€14,536 | +27.0% |
| Non-recurring operating income | 76A | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,509 | €4,362 | +€2,853 | +189% |
| Other operating charges | 640/8 | €2,500 | €213 | -€2,288 | -91.5% |
| Non-recurring operating charges | 66A | €5 | €13 | +€8 | +153% |
| Gross operating margin | 9900 | -€19,598 | -€10,308 | +€9,290 | +47.4% |
| Operating profit (loss) | 9901 | -€23,612 | -€14,894 | +€8,718 | +36.9% |
| Financial income | 75/76B | €780 | €98 | -€683 | -87.5% |
| Recurring financial income | 75 | €780 | €98 | -€683 | -87.5% |
| Financial charges | 65/66B | €1,707 | €782 | -€924 | -54.2% |
| Recurring financial charges | 65 | €1,707 | €782 | -€924 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,538 | -€15,579 | +€8,959 | +36.5% |
| Income taxes | 67/77 | €152 | €149 | -€2 | -1.6% |
| Profit (loss) for the period | 9904 | -€24,690 | -€15,729 | +€8,962 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,690 | -€15,729 | +€8,962 | +36.3% |
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 22 October 2026 via checked.be.