GENE-BOEL: 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.
GENE-BOEL
Largest movements
- Tangible fixed assets -€26,719
down €26,719 (-35.0%), from €76,295 to €49,576
of which Furniture and vehicles: -€26,537
- Cash +€12,509
up €12,509 (+11.5%), from €108,978 to €121,487
mainly Depreciation (+€27,773) and Net result for the year (+€1,580)
- Deferred charges and accrued income +€7,908
up €7,908 (+677%), from €1,168 to €9,077
- Tax, wage and social debts -€5,462
down €5,462 (-100%), from €5,462 to €0
- Other debts -€2,714
down €2,714 (-24.8%), from €10,945 to €8,231
- Trade debts -€2,414
down €2,414 (-79.8%), from €3,025 to €610
- Gross operating margin +€6,564
up €6,564 (+26.0%), from €25,265 to €31,829
- Depreciation +€1,789
up €1,789 (+6.9%), from €25,984 to €27,773
- Financial income -€1,503
down €1,503 (-88.7%), from €1,694 to €191
- Taxes +€447
up €447 (+40.5%), from €1,103 to €1,550
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 | €216,978 | €207,968 | -€9,010 | -4.2% |
| Fixed assets | 21/28 | €77,349 | €49,576 | -€27,773 | -35.9% |
| Intangible fixed assets | 21 | €1,054 | €0 | -€1,054 | -100% |
| Tangible fixed assets | 22/27 | €76,295 | €49,576 | -€26,719 | -35.0% |
| Plant, machinery and equipment | 23 | €343 | €161 | -€182 | -53.0% |
| Furniture and vehicles | 24 | €75,952 | €49,415 | -€26,537 | -34.9% |
| Current assets | 29/58 | €139,628 | €158,392 | +€18,763 | +13.4% |
| Amounts receivable after more than one year | 29 | €19,694 | €18,565 | -€1,129 | -5.7% |
| Other amounts receivable | 291 | €19,694 | €18,565 | -€1,129 | -5.7% |
| Amounts receivable within one year | 40/41 | €9,788 | €9,263 | -€525 | -5.4% |
| Other amounts receivable | 41 | €9,788 | €9,263 | -€525 | -5.4% |
| Cash at bank and in hand | 54/58 | €108,978 | €121,487 | +€12,509 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,168 | €9,077 | +€7,908 | +677% |
| Total equity and liabilities | 10/49 | €216,978 | €207,968 | -€9,010 | -4.2% |
| Equity | 10/15 | €197,547 | €199,126 | +€1,580 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,347 | €192,926 | +€1,580 | +0.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €191,347 | €192,926 | +€1,580 | +0.8% |
| Amounts payable | 17/49 | €19,431 | €8,841 | -€10,590 | -54.5% |
| Amounts payable within one year | 42/48 | €19,431 | €8,841 | -€10,590 | -54.5% |
| Trade debts | 44 | €3,025 | €610 | -€2,414 | -79.8% |
| Suppliers | 440/4 | €3,025 | €610 | -€2,414 | -79.8% |
| Taxes, remuneration and social security | 45 | €5,462 | €0 | -€5,462 | -100% |
| Taxes | 450/3 | €5,462 | €0 | -€5,462 | -100% |
| Other amounts payable | 47/48 | €10,945 | €8,231 | -€2,714 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,984 | €27,773 | +€1,789 | +6.9% |
| Other operating charges | 640/8 | €903 | €1,051 | +€148 | +16.3% |
| Gross operating margin | 9900 | €25,265 | €31,829 | +€6,564 | +26.0% |
| Operating profit (loss) | 9901 | -€1,623 | €3,004 | +€4,627 | |
| Financial income | 75/76B | €1,694 | €191 | -€1,503 | -88.7% |
| Recurring financial income | 75 | €1,694 | €191 | -€1,503 | -88.7% |
| Financial charges | 65/66B | €71 | €66 | -€5 | -7.2% |
| Recurring financial charges | 65 | €71 | €66 | -€5 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€0 | €3,129 | +€3,130 | |
| Income taxes | 67/77 | €1,103 | €1,550 | +€447 | +40.5% |
| Profit (loss) for the period | 9904 | -€1,103 | €1,580 | +€2,683 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,103 | €1,580 | +€2,683 |
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 24 October 2026 via checked.be.