GENEBRU: 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.
GENEBRU
Largest movements
- Receivables within one year +€561,519
up €561,519 (+3436.8%), from €16,338 to €577,857
of which Trade receivables: +€567,706
- Tangible fixed assets +€207,840
up €207,840 (+27.6%), from €751,717 to €959,557
of which Plant, machinery and equipment: +€863,903
- Cash +€31,250
up €31,250 (+234.7%), from €13,313 to €44,563
mainly Debts after one year (+€781,204) and Tax, wage and social debts (+€135,969)
- Debts after one year +€781,204
up €781,204 (+181.7%), from €429,944 to €1.2m
of which Financial debts: +€681,204
- Trade debts -€209,251
down €209,251 (-88.4%), from €236,620 to €27,369
- Tax, wage and social debts +€135,969
new in 2025: €135,969
- Other debts +€50,000
new in 2025: €50,000
- Current portion of long-term debt +€28,266
new in 2025: €28,266
- Gross operating margin +€120,057
up €120,057, from -€29,614 to €90,442
- Depreciation +€26,116
up €26,116 (+482.6%), from €5,411 to €31,527
- Financial charges +€24,211
up €24,211 (+121.2%), from €19,971 to €44,182
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 | €1,726,563 | €2,529,138 | +€802,575 | +46.5% |
| Fixed assets | 21/28 | €1,696,579 | €1,904,520 | +€207,940 | +12.3% |
| Tangible fixed assets | 22/27 | €751,717 | €959,557 | +€207,840 | +27.6% |
| Land and buildings | 22 | €74,368 | €74,368 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,287 | €885,189 | +€863,903 | +4058.4% |
| Assets under construction and advance payments | 27 | €656,062 | - | -€656,062 | |
| Financial fixed assets | 28 | €944,862 | €944,962 | +€100 | 0.0% |
| Current assets | 29/58 | €29,983 | €624,618 | +€594,635 | +1983.2% |
| Amounts receivable within one year | 40/41 | €16,338 | €577,857 | +€561,519 | +3436.8% |
| Trade receivables | 40 | - | €567,706 | +€567,706 | |
| Other amounts receivable | 41 | €16,338 | €10,151 | -€6,187 | -37.9% |
| Cash at bank and in hand | 54/58 | €13,313 | €44,563 | +€31,250 | +234.7% |
| Deferred charges and accrued income | 490/1 | €332 | €2,198 | +€1,866 | +561.8% |
| Total equity and liabilities | 10/49 | €1,726,563 | €2,529,138 | +€802,575 | +46.5% |
| Equity | 10/15 | €1,056,156 | €1,076,387 | +€20,231 | +1.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €169,283 | €169,283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €109,283 | €109,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,872 | €307,104 | +€20,231 | +7.1% |
| Amounts payable | 17/49 | €670,407 | €1,452,751 | +€782,344 | +116.7% |
| Amounts payable after more than one year | 17 | €429,944 | €1,211,148 | +€781,204 | +181.7% |
| Financial debts | 170/4 | €276,994 | €958,198 | +€681,204 | +245.9% |
| Other amounts payable | 178/9 | €152,950 | €252,950 | +€100,000 | +65.4% |
| Amounts payable within one year | 42/48 | €236,620 | €241,603 | +€4,984 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | - | €28,266 | +€28,266 | |
| Trade debts | 44 | €236,620 | €27,369 | -€209,251 | -88.4% |
| Suppliers | 440/4 | €236,620 | €27,369 | -€209,251 | -88.4% |
| Taxes, remuneration and social security | 45 | - | €135,969 | +€135,969 | |
| Taxes | 450/3 | - | €135,969 | +€135,969 | |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €3,844 | - | -€3,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,411 | €31,527 | +€26,116 | +482.6% |
| Other operating charges | 640/8 | €5,322 | €4,513 | -€810 | -15.2% |
| Gross operating margin | 9900 | -€29,614 | €90,442 | +€120,057 | |
| Operating profit (loss) | 9901 | -€40,348 | €54,402 | +€94,751 | |
| Financial income | 75/76B | €60,041 | €60,011 | -€30 | -0.1% |
| Recurring financial income | 75 | €60,041 | €60,011 | -€30 | -0.1% |
| Financial charges | 65/66B | €19,971 | €44,182 | +€24,211 | +121.2% |
| Recurring financial charges | 65 | €19,971 | €44,182 | +€24,211 | +121.2% |
| Profit (loss) for the period before taxes | 9903 | -€278 | €70,231 | +€70,509 | |
| Profit (loss) for the period | 9904 | -€278 | €70,231 | +€70,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€278 | €70,231 | +€70,509 |
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.