GENAXIS: 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.
GENAXIS
Largest movements
- Tangible fixed assets +€8.0m
up €8.0m (+137.9%), from €5.8m to €13.8m
of which Land and buildings: +€7.8m
- Current investments +€1.8m
up €1.8m (+103.9%), from €1.7m to €3.6m
- Cash -€570,323
down €570,323 (-86.6%), from €658,264 to €87,941
mainly Investment in fixed assets (net) (-€9.2m) and Current investments (-€1.8m)
- Receivables within one year -€546,702
down €546,702 (-67.8%), from €806,566 to €259,864
of which Trade receivables: -€367,068
- Reserves +€4.2m
up €4.2m (+57.9%), from €7.2m to €11.4m
of which Distributable reserves: +€4.2m
- Profit (loss) carried forward +€2.6m
up €2.6m (+264.8%), from €965,867 to €3.5m
- Short-term financial debts +€1.3m
up €1.3m (+113786.4%), from €1,100 to €1.3m
- Tax, wage and social debts +€505,609
up €505,609 (+140.5%), from €359,899 to €865,509
of which Taxes: +€496,310
- Gross operating margin +€7.9m
up €7.9m (+190.8%), from €4.1m to €12.0m
- Taxes +€2.0m
up €2.0m (+157.3%), from €1.3m to €3.3m
- Depreciation +€1.0m
up €1.0m (+472.2%), from €217,768 to €1.2m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,109,306 | €17,717,813 | +€8.6m | +94.5% |
| Fixed assets | 21/28 | €5,800,141 | €13,796,820 | +€8.0m | +137.9% |
| Tangible fixed assets | 22/27 | €5,800,141 | €13,796,820 | +€8.0m | +137.9% |
| Land and buildings | 22 | €5,486,024 | €13,327,018 | +€7.8m | +142.9% |
| Plant, machinery and equipment | 23 | €28,930 | €28,214 | -€716 | -2.5% |
| Furniture and vehicles | 24 | €285,187 | €441,588 | +€156,400 | +54.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €3,309,165 | €3,920,993 | +€611,828 | +18.5% |
| Amounts receivable after more than one year | 29 | €91,587 | €0 | -€91,587 | -100.0% |
| Other amounts receivable | 291 | €91,587 | €0 | -€91,587 | -100.0% |
| Amounts receivable within one year | 40/41 | €806,566 | €259,864 | -€546,702 | -67.8% |
| Trade receivables | 40 | €399,615 | €32,547 | -€367,068 | -91.9% |
| Other amounts receivable | 41 | €406,951 | €227,317 | -€179,634 | -44.1% |
| Current investments | 50/53 | €1,746,186 | €3,559,908 | +€1.8m | +103.9% |
| Cash at bank and in hand | 54/58 | €658,264 | €87,941 | -€570,323 | -86.6% |
| Deferred charges and accrued income | 490/1 | €6,561 | €13,280 | +€6,719 | +102.4% |
| Total equity and liabilities | 10/49 | €9,109,306 | €17,717,813 | +€8.6m | +94.5% |
| Equity | 10/15 | €8,323,491 | €15,051,103 | +€6.7m | +80.8% |
| Contributions | 10/11 | €156,973 | €156,973 | = | 0.0% |
| Capital | 10 | €156,973 | €156,973 | = | 0.0% |
| Issued capital | 100 | €156,973 | €156,973 | = | 0.0% |
| Reserves | 13 | €7,200,651 | €11,370,555 | +€4.2m | +57.9% |
| Non-distributable reserves | 130/1 | €15,697 | €15,697 | = | 0.0% |
| Legal reserve | 130 | €15,697 | €15,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,256,599 | €1,213,174 | -€43,425 | -3.5% |
| Distributable reserves | 133 | €5,928,354 | €10,141,683 | +€4.2m | +71.1% |
| Profit (loss) carried forward | 14 | €965,867 | €3,523,575 | +€2.6m | +264.8% |
| Provisions and deferred taxes | 16 | €406,366 | €391,891 | -€14,475 | -3.6% |
| Deferred taxes | 168 | €406,366 | €391,891 | -€14,475 | -3.6% |
| Amounts payable | 17/49 | €379,448 | €2,274,819 | +€1.9m | +499.5% |
| Amounts payable within one year | 42/48 | €374,198 | €2,262,293 | +€1.9m | +504.6% |
| Financial debts | 43 | €1,100 | €1,252,306 | +€1.3m | +113786.4% |
| Credit institutions | 430/8 | €1,100 | €1,252,306 | +€1.3m | +113786.4% |
| Trade debts | 44 | €11,756 | €4,525 | -€7,232 | -61.5% |
| Suppliers | 440/4 | €11,756 | €4,525 | -€7,232 | -61.5% |
| Taxes, remuneration and social security | 45 | €359,899 | €865,509 | +€505,609 | +140.5% |
| Taxes | 450/3 | €355,409 | €851,719 | +€496,310 | +139.6% |
| Remuneration and social security | 454/9 | €4,490 | €13,789 | +€9,299 | +207.1% |
| Other amounts payable | 47/48 | €1,443 | €139,954 | +€138,511 | +9598.8% |
| Accrued charges and deferred income | 492/3 | €5,250 | €12,525 | +€7,275 | +138.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,053 | €62,841 | +€15,788 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,768 | €1,246,103 | +€1.0m | +472.2% |
| Other operating charges | 640/8 | €10,802 | €11,026 | +€224 | +2.1% |
| Non-recurring operating charges | 66A | €13,040 | €0 | -€13,040 | -100.0% |
| Gross operating margin | 9900 | €4,134,610 | €12,022,147 | +€7.9m | +190.8% |
| Operating profit (loss) | 9901 | €3,845,947 | €10,702,177 | +€6.9m | +178.3% |
| Financial income | 75/76B | €57,615 | €119,822 | +€62,207 | +108.0% |
| Recurring financial income | 75 | €57,615 | €119,822 | +€62,207 | +108.0% |
| Financial charges | 65/66B | €17,891 | €61,597 | +€43,706 | +244.3% |
| Recurring financial charges | 65 | €17,891 | €61,597 | +€43,706 | +244.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €3,885,671 | €10,760,403 | +€6.9m | +176.9% |
| Transfer from deferred taxes | 780 | €14,539 | €14,475 | -€64 | -0.4% |
| Income taxes | 67/77 | €1,267,459 | €3,260,595 | +€2.0m | +157.3% |
| Profit (loss) for the period | 9904 | €2,632,752 | €7,514,283 | +€4.9m | +185.4% |
| Transfer from tax-exempt reserves | 789 | €43,618 | €43,425 | -€193 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,676,370 | €7,557,708 | +€4.9m | +182.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.