GENARD ELECTRICITE: 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.
GENARD ELECTRICITE
Largest movements
- Tangible fixed assets -€11,218
down €11,218 (-21.4%), from €52,500 to €41,282
of which Furniture and vehicles: -€9,724
- Receivables within one year -€6,179
down €6,179 (-9.4%), from €65,804 to €59,624
of which Trade receivables: -€3,638
- Stocks and contracts -€4,401
down €4,401 (-26.4%), from €16,684 to €12,283
- Trade debts -€29,805
down €29,805 (-17.2%), from €173,616 to €143,811
- Tax, wage and social debts +€4,617
up €4,617 (+43.4%), from €10,644 to €15,261
of which Remuneration and social security: +€3,533
- Profit (loss) carried forward +€3,044
up €3,044 (+22.9%), from €13,289 to €16,333
- Gross operating margin +€51,207
up €51,207 (+76.7%), from €66,778 to €117,985
- Staff costs +€35,596
up €35,596 (+64.4%), from €55,263 to €90,859
- Taxes +€1,806
up €1,806 (+542%), from €333 to €2,140
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 | €198,548 | €176,584 | -€21,965 | -11.1% |
| Fixed assets | 21/28 | €110,100 | €99,541 | -€10,559 | -9.6% |
| Intangible fixed assets | 21 | €57,600 | €58,259 | +€659 | +1.1% |
| Tangible fixed assets | 22/27 | €52,500 | €41,282 | -€11,218 | -21.4% |
| Plant, machinery and equipment | 23 | €7,875 | €6,752 | -€1,123 | -14.3% |
| Furniture and vehicles | 24 | €41,295 | €31,571 | -€9,724 | -23.5% |
| Other tangible fixed assets | 26 | €3,330 | €2,960 | -€370 | -11.1% |
| Current assets | 29/58 | €88,448 | €77,042 | -€11,406 | -12.9% |
| Stocks and contracts in progress | 3 | €16,684 | €12,283 | -€4,401 | -26.4% |
| Stocks | 30/36 | €16,684 | €12,283 | -€4,401 | -26.4% |
| Amounts receivable within one year | 40/41 | €65,804 | €59,624 | -€6,179 | -9.4% |
| Trade receivables | 40 | €62,309 | €58,671 | -€3,638 | -5.8% |
| Other amounts receivable | 41 | €3,494 | €953 | -€2,541 | -72.7% |
| Cash at bank and in hand | 54/58 | €4,513 | €4,940 | +€428 | +9.5% |
| Deferred charges and accrued income | 490/1 | €1,448 | €195 | -€1,253 | -86.5% |
| Total equity and liabilities | 10/49 | €198,548 | €176,584 | -€21,965 | -11.1% |
| Equity | 10/15 | €14,289 | €17,333 | +€3,044 | +21.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,289 | €16,333 | +€3,044 | +22.9% |
| Amounts payable | 17/49 | €184,260 | €159,251 | -€25,009 | -13.6% |
| Amounts payable within one year | 42/48 | €184,260 | €159,071 | -€25,188 | -13.7% |
| Trade debts | 44 | €173,616 | €143,811 | -€29,805 | -17.2% |
| Suppliers | 440/4 | €173,616 | €143,811 | -€29,805 | -17.2% |
| Taxes, remuneration and social security | 45 | €10,644 | €15,261 | +€4,617 | +43.4% |
| Taxes | 450/3 | €2,043 | €3,127 | +€1,084 | +53.0% |
| Remuneration and social security | 454/9 | €8,601 | €12,134 | +€3,533 | +41.1% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Remuneration, social security and pensions | 62 | €55,263 | €90,859 | +€35,596 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,148 | €20,087 | +€939 | +4.9% |
| Other operating charges | 640/8 | €1,638 | €1,528 | -€110 | -6.7% |
| Gross operating margin | 9900 | €66,778 | €117,985 | +€51,207 | +76.7% |
| Operating profit (loss) | 9901 | -€9,271 | €5,511 | +€14,783 | |
| Financial income | 75/76B | €371 | €38 | -€333 | -89.7% |
| Recurring financial income | 75 | €371 | €38 | -€333 | -89.7% |
| Financial charges | 65/66B | €746 | €366 | -€380 | -51.0% |
| Recurring financial charges | 65 | €746 | €366 | -€380 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,646 | €5,184 | +€14,830 | |
| Income taxes | 67/77 | €333 | €2,140 | +€1,806 | +542% |
| Profit (loss) for the period | 9904 | -€9,980 | €3,044 | +€13,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,980 | €3,044 | +€13,024 |
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 26 October 2026 via checked.be.