GENERACTION 3: 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.
GENERACTION 3
Largest movements
- Receivables within one year +€20,502
up €20,502 (+59.0%), from €34,753 to €55,255
of which Other amounts receivable: +€20,502
- Tangible fixed assets -€17,967
down €17,967 (-12.8%), from €140,218 to €122,251
of which Plant, machinery and equipment: -€13,259
- Cash +€14,247
up €14,247 (+52.3%), from €27,248 to €41,495
mainly Tax, wage and social debts (+€22,263) and Depreciation (+€22,078)
- Deferred charges and accrued income +€6,431
up €6,431 (+124.0%), from €5,187 to €11,618
- Tax, wage and social debts +€22,263
up €22,263 (+56.2%), from €39,578 to €61,841
of which Remuneration and social security: +€21,675
- Profit (loss) carried forward +€4,336
up €4,336 (+1.6%), from €269,164 to €273,500
- Gross operating margin +€25,948
up €25,948 (+12.9%), from €201,059 to €227,006
- Staff costs +€25,717
up €25,717 (+15.3%), from €168,426 to €194,143
- Depreciation -€2,736
down €2,736 (-11.0%), from €24,814 to €22,078
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 | €372,462 | €397,021 | +€24,559 | +6.6% |
| Fixed assets | 21/28 | €140,458 | €122,491 | -€17,967 | -12.8% |
| Tangible fixed assets | 22/27 | €140,218 | €122,251 | -€17,967 | -12.8% |
| Plant, machinery and equipment | 23 | €93,783 | €80,524 | -€13,259 | -14.1% |
| Furniture and vehicles | 24 | €46,435 | €41,727 | -€4,708 | -10.1% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €232,005 | €274,530 | +€42,525 | +18.3% |
| Stocks and contracts in progress | 3 | €164,817 | €166,162 | +€1,345 | +0.8% |
| Stocks | 30/36 | €164,817 | €166,162 | +€1,345 | +0.8% |
| Amounts receivable within one year | 40/41 | €34,753 | €55,255 | +€20,502 | +59.0% |
| Trade receivables | 40 | €20,118 | €20,118 | = | 0.0% |
| Other amounts receivable | 41 | €14,635 | €35,137 | +€20,502 | +140.1% |
| Cash at bank and in hand | 54/58 | €27,248 | €41,495 | +€14,247 | +52.3% |
| Deferred charges and accrued income | 490/1 | €5,187 | €11,618 | +€6,431 | +124.0% |
| Total equity and liabilities | 10/49 | €372,462 | €397,021 | +€24,559 | +6.6% |
| Equity | 10/15 | €308,225 | €312,561 | +€4,336 | +1.4% |
| Contributions | 10/11 | €30,480 | €30,480 | = | 0.0% |
| Capital | 10 | €18,810 | €18,810 | = | 0.0% |
| Issued capital | 100 | €18,810 | €18,810 | = | 0.0% |
| Outside capital | 11 | €11,670 | €11,670 | = | 0.0% |
| Share premium | 1100/10 | €11,670 | €11,670 | = | 0.0% |
| Reserves | 13 | €8,581 | €8,581 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,881 | €1,881 | = | 0.0% |
| Legal reserve | 130 | €1,881 | €1,881 | = | 0.0% |
| Distributable reserves | 133 | €6,700 | €6,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,164 | €273,500 | +€4,336 | +1.6% |
| Amounts payable | 17/49 | €64,238 | €84,460 | +€20,222 | +31.5% |
| Amounts payable within one year | 42/48 | €64,238 | €84,460 | +€20,222 | +31.5% |
| Trade debts | 44 | €22,716 | €20,676 | -€2,040 | -9.0% |
| Suppliers | 440/4 | €22,716 | €20,676 | -€2,040 | -9.0% |
| Taxes, remuneration and social security | 45 | €39,578 | €61,841 | +€22,263 | +56.2% |
| Taxes | 450/3 | €3,595 | €4,183 | +€588 | +16.3% |
| Remuneration and social security | 454/9 | €35,983 | €57,658 | +€21,675 | +60.2% |
| Other amounts payable | 47/48 | €1,943 | €1,943 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €168,426 | €194,143 | +€25,717 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,814 | €22,078 | -€2,736 | -11.0% |
| Other operating charges | 640/8 | €3,892 | €3,195 | -€697 | -17.9% |
| Gross operating margin | 9900 | €201,059 | €227,006 | +€25,948 | +12.9% |
| Operating profit (loss) | 9901 | €3,927 | €7,591 | +€3,663 | +93.3% |
| Financial charges | 65/66B | €1,360 | €3,254 | +€1,894 | +139.2% |
| Recurring financial charges | 65 | €1,360 | €3,254 | +€1,894 | +139.2% |
| Profit (loss) for the period before taxes | 9903 | €2,567 | €4,336 | +€1,769 | +68.9% |
| Profit (loss) for the period | 9904 | €2,567 | €4,336 | +€1,769 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,567 | €4,336 | +€1,769 | +68.9% |
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 3 October 2026 via checked.be.