GENELEX: 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.
GENELEX
Largest movements
- Receivables within one year +€57,712
up €57,712 (+131%), from €44,070 to €101,782
of which Other amounts receivable: +€36,701
- Cash -€18,609
down €18,609 (-18.5%), from €100,807 to €82,198
mainly Contributions, distributions and other (-€185,500) and Receivables within one year (-€57,712)
- Tangible fixed assets -€10,521
down €10,521 (-3.6%), from €291,729 to €281,208
of which Other tangible fixed assets: -€33,716
- Tax, wage and social debts +€75,053
up €75,053 (+91.1%), from €82,369 to €157,422
of which Taxes: +€67,017
- Debts after one year -€42,947
down €42,947 (-53.5%), from €80,313 to €37,366
- Trade debts -€14,248
down €14,248 (-36.9%), from €38,583 to €24,334
- Profit (loss) carried forward +€11,600
up €11,600 (+9.8%), from €118,783 to €130,384
- Gross operating margin +€43,588
up €43,588 (+11.0%), from €394,678 to €438,266
- Staff costs +€24,197
up €24,197 (+24.6%), from €98,422 to €122,619
- Depreciation -€4,743
down €4,743 (-9.8%), from €48,219 to €43,476
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 | €447,300 | €478,266 | +€30,966 | +6.9% |
| Fixed assets | 21/28 | €292,207 | €283,265 | -€8,942 | -3.1% |
| Intangible fixed assets | 21 | €207 | €1,786 | +€1,579 | +762% |
| Tangible fixed assets | 22/27 | €291,729 | €281,208 | -€10,521 | -3.6% |
| Land and buildings | 22 | €112,641 | €112,641 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,465 | €35,308 | +€27,843 | +373% |
| Furniture and vehicles | 24 | €23,407 | €18,759 | -€4,647 | -19.9% |
| Other tangible fixed assets | 26 | €148,216 | €114,500 | -€33,716 | -22.7% |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €155,093 | €195,001 | +€39,908 | +25.7% |
| Stocks and contracts in progress | 3 | €4,535 | €5,380 | +€845 | +18.6% |
| Stocks | 30/36 | €4,535 | €5,380 | +€845 | +18.6% |
| Amounts receivable within one year | 40/41 | €44,070 | €101,782 | +€57,712 | +131% |
| Trade receivables | 40 | €43,212 | €64,222 | +€21,011 | +48.6% |
| Other amounts receivable | 41 | €858 | €37,559 | +€36,701 | +4,275% |
| Cash at bank and in hand | 54/58 | €100,807 | €82,198 | -€18,609 | -18.5% |
| Deferred charges and accrued income | 490/1 | €5,681 | €5,641 | -€39 | -0.7% |
| Total equity and liabilities | 10/49 | €447,300 | €478,266 | +€30,966 | +6.9% |
| Equity | 10/15 | €204,182 | €215,782 | +€11,600 | +5.7% |
| Contributions | 10/11 | €80,987 | €80,987 | = | 0.0% |
| Capital | 10 | €80,987 | - | -€80,987 | |
| Issued capital | 100 | €80,987 | - | -€80,987 | |
| Contributions outside capital | 11 | - | €80,987 | +€80,987 | |
| Other | 1109/19 | - | €80,987 | +€80,987 | |
| Reserves | 13 | €4,412 | €4,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,412 | €4,412 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,412 | €4,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,783 | €130,384 | +€11,600 | +9.8% |
| Amounts payable | 17/49 | €243,118 | €262,484 | +€19,366 | +8.0% |
| Amounts payable after more than one year | 17 | €80,313 | €37,366 | -€42,947 | -53.5% |
| Financial debts | 170/4 | €80,313 | €37,366 | -€42,947 | -53.5% |
| Amounts payable within one year | 42/48 | €162,805 | €225,118 | +€62,313 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €41,854 | €42,947 | +€1,094 | +2.6% |
| Trade debts | 44 | €38,583 | €24,334 | -€14,248 | -36.9% |
| Suppliers | 440/4 | €38,583 | €24,334 | -€14,248 | -36.9% |
| Taxes, remuneration and social security | 45 | €82,369 | €157,422 | +€75,053 | +91.1% |
| Taxes | 450/3 | €82,369 | €149,386 | +€67,017 | +81.4% |
| Remuneration and social security | 454/9 | - | €8,036 | +€8,036 | |
| Other amounts payable | 47/48 | - | €415 | +€415 | |
| Non-recurring operating income | 76A | €342 | €1,835 | +€1,492 | +436% |
| Remuneration, social security and pensions | 62 | €98,422 | €122,619 | +€24,197 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,219 | €43,476 | -€4,743 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €240 | +€240 | |
| Other operating charges | 640/8 | €1,312 | €1,567 | +€255 | +19.5% |
| Non-recurring operating charges | 66A | €1,228 | €3,953 | +€2,724 | +222% |
| Gross operating margin | 9900 | €394,678 | €438,266 | +€43,588 | +11.0% |
| Operating profit (loss) | 9901 | €245,498 | €266,411 | +€20,914 | +8.5% |
| Financial income | 75/76B | €595 | €2 | -€593 | -99.7% |
| Recurring financial income | 75 | €595 | €2 | -€593 | -99.7% |
| Financial charges | 65/66B | €4,812 | €3,997 | -€815 | -16.9% |
| Recurring financial charges | 65 | €4,812 | €3,997 | -€815 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €241,281 | €262,416 | +€21,136 | +8.8% |
| Income taxes | 67/77 | €66,564 | €65,316 | -€1,248 | -1.9% |
| Profit (loss) for the period | 9904 | €174,717 | €197,100 | +€22,383 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174,717 | €197,100 | +€22,383 | +12.8% |
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 20 October 2026 via checked.be.