GENCO: 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.
GENCO
Largest movements
- Receivables within one year -€1,374
down €1,374 (-2.8%), from €48,272 to €46,898
- Profit (loss) carried forward -€1,209
down €1,209 (-3.6%), from €33,197 to €31,988
- Other operating charges -€812
down €812 (-67.0%), from €1,212 to €400
- Gross operating margin -€164
down €164 (-27.8%), from -€590 to -€754
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 | €48,377 | €46,948 | -€1,429 | -3.0% |
| Current assets | 29/58 | €48,377 | €46,948 | -€1,429 | -3.0% |
| Amounts receivable within one year | 40/41 | €48,272 | €46,898 | -€1,374 | -2.8% |
| Other amounts receivable | 41 | €48,272 | €46,898 | -€1,374 | -2.8% |
| Cash at bank and in hand | 54/58 | €105 | €50 | -€55 | -52.4% |
| Total equity and liabilities | 10/49 | €48,377 | €46,948 | -€1,429 | -3.0% |
| Equity | 10/15 | €48,157 | €46,948 | -€1,209 | -2.5% |
| Contributions | 10/11 | €13,100 | €13,100 | = | 0.0% |
| Capital | 10 | €13,100 | €13,100 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,197 | €31,988 | -€1,209 | -3.6% |
| Amounts payable | 17/49 | €220 | - | -€220 | |
| Amounts payable within one year | 42/48 | €220 | - | -€220 | |
| Trade debts | 44 | €220 | - | -€220 | |
| Suppliers | 440/4 | €220 | - | -€220 | |
| Other operating charges | 640/8 | €1,212 | €400 | -€812 | -67.0% |
| Gross operating margin | 9900 | -€590 | -€754 | -€164 | -27.8% |
| Operating profit (loss) | 9901 | -€1,802 | -€1,154 | +€648 | +36.0% |
| Financial charges | 65/66B | €55 | €55 | = | 0.0% |
| Recurring financial charges | 65 | €55 | €55 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,857 | -€1,209 | +€648 | +34.9% |
| Profit (loss) for the period | 9904 | -€1,857 | -€1,209 | +€648 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,857 | -€1,209 | +€648 | +34.9% |
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 7 October 2026 via checked.be.