GENELEK: 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.
GENELEK
Largest movements
- Receivables within one year -€48,239
down €48,239 (-56.4%), from €85,597 to €37,358
of which Trade receivables: -€37,957
- Cash -€11,112
down €11,112 (-36.9%), from €30,119 to €19,008
mainly Trade debts (-€65,110) and Debts after one year (-€6,542)
- Deferred charges and accrued income -€6,927
no longer reported in 2024 (was €6,927)
- Tangible fixed assets -€5,287
down €5,287 (-17.9%), from €29,458 to €24,171
of which Furniture and vehicles: -€6,324
- Trade debts -€65,110
down €65,110 (-54.3%), from €119,866 to €54,755
- Debts after one year -€6,542
down €6,542 (-62.9%), from €10,406 to €3,864
- Profit (loss) carried forward +€6,438
up €6,438 (+28.5%), from €22,593 to €29,031
- Tax, wage and social debts -€4,872
down €4,872 (-50.8%), from €9,591 to €4,719
of which Taxes: -€2,803
- Gross operating margin +€10,820
up €10,820 (+26.2%), from €41,307 to €52,127
- Staff costs +€5,702
up €5,702 (+25.5%), from €22,379 to €28,081
- Taxes +€981
up €981 (+60.9%), from €1,610 to €2,592
- Other operating charges +€582
up €582 (+23.7%), from €2,454 to €3,037
- Depreciation +€548
up €548 (+4.9%), from €11,108 to €11,655
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,781 | €131,269 | -€71,512 | -35.3% |
| Fixed assets | 21/28 | €29,638 | €24,351 | -€5,287 | -17.8% |
| Tangible fixed assets | 22/27 | €29,458 | €24,171 | -€5,287 | -17.9% |
| Plant, machinery and equipment | 23 | €3,609 | €5,858 | +€2,249 | +62.3% |
| Furniture and vehicles | 24 | €21,116 | €14,792 | -€6,324 | -29.9% |
| Other tangible fixed assets | 26 | €4,732 | €3,520 | -€1,212 | -25.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €173,143 | €106,918 | -€66,225 | -38.2% |
| Stocks and contracts in progress | 3 | €50,500 | €50,553 | +€53 | +0.1% |
| Stocks | 30/36 | €34,000 | €34,053 | +€53 | +0.2% |
| Contracts in progress | 37 | €16,500 | €16,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,597 | €37,358 | -€48,239 | -56.4% |
| Trade receivables | 40 | €72,572 | €34,615 | -€37,957 | -52.3% |
| Other amounts receivable | 41 | €13,025 | €2,743 | -€10,283 | -78.9% |
| Cash at bank and in hand | 54/58 | €30,119 | €19,008 | -€11,112 | -36.9% |
| Deferred charges and accrued income | 490/1 | €6,927 | - | -€6,927 | |
| Total equity and liabilities | 10/49 | €202,781 | €131,269 | -€71,512 | -35.3% |
| Equity | 10/15 | €29,186 | €35,623 | +€6,438 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €393 | €393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €393 | €393 | = | 0.0% |
| Reserves not available under the articles | 1311 | €393 | €393 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,593 | €29,031 | +€6,438 | +28.5% |
| Amounts payable | 17/49 | €173,595 | €95,646 | -€77,950 | -44.9% |
| Amounts payable after more than one year | 17 | €10,406 | €3,864 | -€6,542 | -62.9% |
| Financial debts | 170/4 | €10,406 | €3,864 | -€6,542 | -62.9% |
| Amounts payable within one year | 42/48 | €163,189 | €91,781 | -€71,407 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €8,070 | €6,542 | -€1,528 | -18.9% |
| Trade debts | 44 | €119,866 | €54,755 | -€65,110 | -54.3% |
| Suppliers | 440/4 | €119,866 | €54,755 | -€65,110 | -54.3% |
| Advances received on contracts in progress | 46 | €883 | €883 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,591 | €4,719 | -€4,872 | -50.8% |
| Taxes | 450/3 | €7,116 | €4,313 | -€2,803 | -39.4% |
| Remuneration and social security | 454/9 | €2,475 | €406 | -€2,069 | -83.6% |
| Other amounts payable | 47/48 | €24,779 | €24,882 | +€103 | +0.4% |
| Remuneration, social security and pensions | 62 | €22,379 | €28,081 | +€5,702 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,108 | €11,655 | +€548 | +4.9% |
| Other operating charges | 640/8 | €2,454 | €3,037 | +€582 | +23.7% |
| Gross operating margin | 9900 | €41,307 | €52,127 | +€10,820 | +26.2% |
| Operating profit (loss) | 9901 | €5,366 | €9,354 | +€3,988 | +74.3% |
| Financial income | 75/76B | €133 | €62 | -€72 | -53.7% |
| Recurring financial income | 75 | €133 | €62 | -€72 | -53.7% |
| Financial charges | 65/66B | €572 | €386 | -€186 | -32.5% |
| Recurring financial charges | 65 | €572 | €386 | -€186 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €4,927 | €9,029 | +€4,102 | +83.2% |
| Income taxes | 67/77 | €1,610 | €2,592 | +€981 | +60.9% |
| Profit (loss) for the period | 9904 | €3,317 | €6,438 | +€3,120 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,317 | €6,438 | +€3,120 | +94.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.