GENEA: 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.
What changed
GENEA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€51,425
2024 · -€84,506+€33,080
Equity
€892,491
2024 · €943,916-€51,425
Cash
€249,985
2024 · €56,030+€193,955
Balance sheet total
€978,412
2024 · €1.1m-€76,655
Largest movements
Assets
- Current investments -€326,877
down €326,877 (-98.6%), from €331,487 to €4,611
- Cash +€193,955
up €193,955 (+346.2%), from €56,030 to €249,985
mainly Current investments (+€326,877) and Receivables within one year (+€17,546)
- Stocks and contracts +€73,500
up €73,500 (+16.3%), from €451,500 to €525,000
- Receivables within one year -€17,546
down €17,546 (-40.2%), from €43,684 to €26,137
of which Other amounts receivable: -€18,745
Equity and liabilities
- Profit (loss) carried forward -€51,425
down €51,425 (-6.9%), from €746,916 to €695,491
- Provisions -€34,249
no longer reported in 2025 (was €34,249)
Income statement
- Services and other goods -€137,948
no longer reported in 2025 (was €137,948)
- Turnover -€42,118
no longer reported in 2025 (was €42,118)
- Gross operating margin -€41,978
new in 2025: -€41,978
- Goods and materials +€26,657
no longer reported in 2025 (was -€26,657)
of which Change in stocks: decrease (increase): +€100,500
- Financial income +€11,088
up €11,088 (+289.8%), from €3,827 to €14,915
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.
Result 2024
-€84,506
Turnover
-€42,118
Other operating income
-€1,470
Goods and materials
-€26,657
Services and other goods
+€137,948
Staff costs
-€2
Depreciation
-€1,449
Other operating charges
+€1,571
Other operating items
-€41,791
Financial income
+€11,088
Financial charges
-€624
Taxes
-€3,416
Result 2025
-€51,425
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.
From operations
-€116,727
Investment
+€310,682
Financing
€0
Cash 2024
€56,030
From operations (derived)
-€116,727
Net result for the year
-€51,425
Depreciation
+€15,470
Stocks and contracts
-€73,500
Receivables within one year
+€17,546
Deferred charges and accrued income
+€412
Provisions
-€34,249
Trade debts
+€1,149
Tax, wage and social debts
-€1,546
Other debts
+€9,415
Investment (derived)
+€310,682
Investment in fixed assets (net)
-€16,195
Current investments
+€326,877
Cash 2025
€249,985
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,055,067 | €978,412 | -€76,655 | -7.3% |
| Fixed assets | 21/28 | €171,954 | €172,679 | +€725 | +0.4% |
| Intangible fixed assets | 21 | €1,932 | €1,408 | -€524 | -27.1% |
| Tangible fixed assets | 22/27 | €166,962 | €168,211 | +€1,249 | +0.7% |
| Land and buildings | 22 | €150,218 | €142,134 | -€8,084 | -5.4% |
| Plant, machinery and equipment | 23 | €10,340 | €19,797 | +€9,457 | +91.5% |
| Furniture and vehicles | 24 | €6,404 | €6,280 | -€124 | -1.9% |
| Financial fixed assets | 28 | €3,060 | €3,060 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €3,060 | - | -€3,060 | |
| Shares | 284 | €3,060 | - | -€3,060 | |
| Current assets | 29/58 | €883,113 | €805,733 | -€77,380 | -8.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €451,500 | €525,000 | +€73,500 | +16.3% |
| Stocks | 30/36 | €451,500 | €525,000 | +€73,500 | +16.3% |
| Work in progress | 32 | €451,500 | - | -€451,500 | |
| Amounts receivable within one year | 40/41 | €43,684 | €26,137 | -€17,546 | -40.2% |
| Trade receivables | 40 | €5,581 | €6,780 | +€1,199 | +21.5% |
| Other amounts receivable | 41 | €38,103 | €19,358 | -€18,745 | -49.2% |
| Current investments | 50/53 | €331,487 | €4,611 | -€326,877 | -98.6% |
| Other investments | 51/53 | €331,487 | - | -€331,487 | |
| Cash at bank and in hand | 54/58 | €56,030 | €249,985 | +€193,955 | +346.2% |
| Deferred charges and accrued income | 490/1 | €412 | - | -€412 | |
| Total equity and liabilities | 10/49 | €1,055,067 | €978,412 | -€76,655 | -7.3% |
| Equity | 10/15 | €943,916 | €892,491 | -€51,425 | -5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,000 | €177,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €177,000 | €177,000 | = | 0.0% |
| Legal reserve | 130 | €177,000 | €177,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €746,916 | €695,491 | -€51,425 | -6.9% |
| Provisions and deferred taxes | 16 | €34,249 | - | -€34,249 | |
| Provisions for liabilities and charges | 160/5 | €34,249 | - | -€34,249 | |
| Pensions and similar obligations | 160 | €34,249 | - | -€34,249 | |
| Amounts payable | 17/49 | €76,902 | €85,920 | +€9,019 | +11.7% |
| Amounts payable within one year | 42/48 | €76,902 | €85,920 | +€9,019 | +11.7% |
| Trade debts | 44 | €4,499 | €5,648 | +€1,149 | +25.5% |
| Suppliers | 440/4 | €4,499 | €5,648 | +€1,149 | +25.5% |
| Taxes, remuneration and social security | 45 | €4,175 | €2,630 | -€1,546 | -37.0% |
| Taxes | 450/3 | €1,925 | €2,630 | +€704 | +36.6% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €68,228 | €77,643 | +€9,415 | +13.8% |
| Operating income | 70/76A | €43,612 | - | -€43,612 | |
| Turnover | 70 | €42,118 | - | -€42,118 | |
| Other operating income | 74 | €1,470 | - | -€1,470 | |
| Non-recurring operating income | 76A | €24 | €34,249 | +€34,225 | +141424.8% |
| Operating charges | 60/66A | €130,905 | - | -€130,905 | |
| Goods for resale, raw materials and consumables | 60 | -€26,657 | - | +€26,657 | |
| Purchases | 600/8 | €73,843 | - | -€73,843 | |
| Change in stocks: decrease (increase) | 609 | -€100,500 | - | +€100,500 | |
| Services and other goods | 61 | €137,948 | - | -€137,948 | |
| Remuneration, social security and pensions | 62 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,021 | €15,470 | +€1,449 | +10.3% |
| Other operating charges | 640/8 | €5,382 | €3,811 | -€1,571 | -29.2% |
| Non-recurring operating charges | 66A | €211 | - | -€211 | |
| Gross operating margin | 9900 | - | -€41,978 | -€41,978 | |
| Operating profit (loss) | 9901 | -€87,293 | -€61,260 | +€26,033 | +29.8% |
| Financial income | 75/76B | €3,827 | €14,915 | +€11,088 | +289.8% |
| Recurring financial income | 75 | €3,827 | €14,915 | +€11,088 | +289.8% |
| Income from financial fixed assets | 750 | €2,374 | - | -€2,374 | |
| Income from current assets | 751 | €1,374 | - | -€1,374 | |
| Other financial income | 752/9 | €78 | - | -€78 | |
| Financial charges | 65/66B | €1,039 | €1,664 | +€624 | +60.1% |
| Recurring financial charges | 65 | €1,039 | €1,664 | +€624 | +60.1% |
| Debt charges | 650 | €37 | - | -€37 | |
| Other financial charges | 652/9 | €1,002 | - | -€1,002 | |
| Profit (loss) for the period before taxes | 9903 | -€84,506 | -€48,009 | +€36,497 | +43.2% |
| Income taxes | 67/77 | - | €3,416 | +€3,416 | |
| Profit (loss) for the period | 9904 | -€84,506 | -€51,425 | +€33,080 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,506 | -€51,425 | +€33,080 | +39.1% |
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 5 October 2026 via checked.be.