GENCODE: 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.
GENCODE
Largest movements
- Receivables within one year +€8,099
up €8,099 (+21.7%), from €37,377 to €45,476
of which Trade receivables: +€9,355
- Cash -€4,752
down €4,752 (-6.3%), from €75,672 to €70,921
mainly Contributions, distributions and other (-€20,000) and Receivables within one year (-€8,099)
- Profit (loss) carried forward -€20,755
down €20,755 (-57.1%), from €36,348 to €15,593
- Other debts +€20,081
up €20,081 (+11437.5%), from €176 to €20,256
- Trade debts +€7,025
up €7,025 (+187.8%), from €3,742 to €10,767
- Tax, wage and social debts -€2,683
down €2,683 (-22.9%), from €11,708 to €9,025
of which Taxes: -€8,888
- Gross operating margin +€32,042
up €32,042 (+114.5%), from €27,985 to €60,028
- Staff costs +€31,831
up €31,831 (+124.0%), from €25,665 to €57,496
- Taxes +€1,767
up €1,767, from -€1,190 to €577
- Other operating charges +€782
up €782 (+169.1%), from €462 to €1,244
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 | €113,496 | €117,141 | +€3,645 | +3.2% |
| Current assets | 29/58 | €113,496 | €117,141 | +€3,645 | +3.2% |
| Amounts receivable within one year | 40/41 | €37,377 | €45,476 | +€8,099 | +21.7% |
| Trade receivables | 40 | €27,956 | €37,311 | +€9,355 | +33.5% |
| Other amounts receivable | 41 | €9,420 | €8,165 | -€1,255 | -13.3% |
| Cash at bank and in hand | 54/58 | €75,672 | €70,921 | -€4,752 | -6.3% |
| Deferred charges and accrued income | 490/1 | €447 | €744 | +€297 | +66.4% |
| Total equity and liabilities | 10/49 | €113,496 | €117,141 | +€3,645 | +3.2% |
| Equity | 10/15 | €97,848 | €77,093 | -€20,755 | -21.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,348 | €15,593 | -€20,755 | -57.1% |
| Amounts payable | 17/49 | €15,648 | €40,048 | +€24,400 | +155.9% |
| Amounts payable within one year | 42/48 | €15,625 | €40,048 | +€24,423 | +156.3% |
| Trade debts | 44 | €3,742 | €10,767 | +€7,025 | +187.8% |
| Suppliers | 440/4 | €3,742 | €10,767 | +€7,025 | +187.8% |
| Taxes, remuneration and social security | 45 | €11,708 | €9,025 | -€2,683 | -22.9% |
| Taxes | 450/3 | €10,569 | €1,681 | -€8,888 | -84.1% |
| Remuneration and social security | 454/9 | €1,139 | €7,344 | +€6,205 | +545.0% |
| Other amounts payable | 47/48 | €176 | €20,256 | +€20,081 | +11437.5% |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Remuneration, social security and pensions | 62 | €25,665 | €57,496 | +€31,831 | +124.0% |
| Other operating charges | 640/8 | €462 | €1,244 | +€782 | +169.1% |
| Non-recurring operating charges | 66A | - | €1,296 | +€1,296 | |
| Gross operating margin | 9900 | €27,985 | €60,028 | +€32,042 | +114.5% |
| Operating profit (loss) | 9901 | €1,858 | -€8 | -€1,867 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €186 | €172 | -€15 | -7.8% |
| Recurring financial charges | 65 | €186 | €172 | -€15 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €1,672 | -€178 | -€1,850 | |
| Income taxes | 67/77 | -€1,190 | €577 | +€1,767 | |
| Profit (loss) for the period | 9904 | €2,862 | -€755 | -€3,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,862 | -€755 | -€3,617 |
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 8 October 2026 via checked.be.