GENEO: 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.
GENEO
Largest movements
- Deferred charges and accrued income +€32,600
new in 2024: €32,600
- Receivables within one year -€22,258
down €22,258 (-48.0%), from €46,358 to €24,100
of which Trade receivables: -€34,105
- Tangible fixed assets -€12,255
down €12,255 (-5.3%), from €230,908 to €218,653
of which Land and buildings: -€6,433
- Cash -€11,474
down €11,474 (-17.3%), from €66,295 to €54,821
mainly Net result for the year (-€35,277) and Deferred charges and accrued income (-€32,600)
- Profit (loss) carried forward -€27,233
down €27,233 (-12.9%), from €210,486 to €183,253
- Trade debts +€7,178
up €7,178 (+24.4%), from €29,397 to €36,575
- Other debts +€5,699
up €5,699 (+6.1%), from €93,971 to €99,670
- Gross operating margin -€37,569
down €37,569, from €23,477 to -€14,092
- Taxes +€2,224
up €2,224 (+89.8%), from €2,478 to €4,702
- Depreciation +€2,163
up €2,163 (+17.6%), from €12,273 to €14,436
- Other operating charges +€908
up €908 (+156.5%), from €580 to €1,488
- Financial charges +€458
up €458 (+453.4%), from €101 to €559
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.
Cash bridge derived
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 | €345,360 | €331,974 | -€13,386 | -3.9% |
| Fixed assets | 21/28 | €231,458 | €219,203 | -€12,255 | -5.3% |
| Tangible fixed assets | 22/27 | €230,908 | €218,653 | -€12,255 | -5.3% |
| Land and buildings | 22 | €203,818 | €197,385 | -€6,433 | -3.2% |
| Plant, machinery and equipment | 23 | €5,869 | €5,949 | +€80 | +1.4% |
| Furniture and vehicles | 24 | €8,756 | €5,765 | -€2,991 | -34.2% |
| Other tangible fixed assets | 26 | €12,465 | €9,553 | -€2,911 | -23.4% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €113,902 | €112,771 | -€1,131 | -1.0% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,358 | €24,100 | -€22,258 | -48.0% |
| Trade receivables | 40 | €46,328 | €12,223 | -€34,105 | -73.6% |
| Other amounts receivable | 41 | €30 | €11,877 | +€11,847 | +39634.6% |
| Cash at bank and in hand | 54/58 | €66,295 | €54,821 | -€11,474 | -17.3% |
| Deferred charges and accrued income | 490/1 | - | €32,600 | +€32,600 | |
| Total equity and liabilities | 10/49 | €345,360 | €331,974 | -€13,386 | -3.9% |
| Equity | 10/15 | €211,586 | €184,353 | -€27,233 | -12.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,486 | €183,253 | -€27,233 | -12.9% |
| Amounts payable | 17/49 | €133,774 | €147,621 | +€13,847 | +10.4% |
| Amounts payable within one year | 42/48 | €133,774 | €147,621 | +€13,847 | +10.4% |
| Trade debts | 44 | €29,397 | €36,575 | +€7,178 | +24.4% |
| Suppliers | 440/4 | €29,397 | €36,575 | +€7,178 | +24.4% |
| Taxes, remuneration and social security | 45 | €10,406 | €11,376 | +€970 | +9.3% |
| Taxes | 450/3 | €2,057 | €11,376 | +€9,319 | +453.1% |
| Remuneration and social security | 454/9 | €8,349 | - | -€8,349 | |
| Other amounts payable | 47/48 | €93,971 | €99,670 | +€5,699 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,273 | €14,436 | +€2,163 | +17.6% |
| Other operating charges | 640/8 | €580 | €1,488 | +€908 | +156.5% |
| Gross operating margin | 9900 | €23,477 | -€14,092 | -€37,569 | |
| Operating profit (loss) | 9901 | €10,624 | -€30,016 | -€40,640 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €101 | €559 | +€458 | +453.4% |
| Recurring financial charges | 65 | €101 | €559 | +€458 | +453.4% |
| Profit (loss) for the period before taxes | 9903 | €10,524 | -€30,575 | -€41,099 | |
| Income taxes | 67/77 | €2,478 | €4,702 | +€2,224 | +89.8% |
| Profit (loss) for the period | 9904 | €8,046 | -€35,277 | -€43,323 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,046 | -€35,277 | -€43,323 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.