GENERALDIS: 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.
GENERALDIS
Largest movements
- Intangible fixed assets -€36,574
down €36,574 (-10.5%), from €347,451 to €310,877
- Receivables within one year +€8,683
up €8,683 (+52.7%), from €16,483 to €25,166
of which Other amounts receivable: +€9,017
- Stocks and contracts +€7,450
up €7,450 (+8.4%), from €89,079 to €96,529
- Debts after one year -€101,822
down €101,822 (-67.1%), from €151,729 to €49,906
- Other debts +€47,123
new in 2025: €47,123
- Trade debts +€32,372
up €32,372 (+18.9%), from €171,402 to €203,774
- Profit (loss) carried forward -€13,507
no longer reported in 2025 (was €13,507)
- Current portion of long-term debt +€9,020
up €9,020 (+9.5%), from €94,470 to €103,489
- Gross operating margin +€156,561
up €156,561 (+102.1%), from €153,267 to €309,828
- Staff costs +€102,334
up €102,334 (+118.1%), from €86,661 to €188,994
- Depreciation +€29,222
up €29,222 (+74.7%), from €39,107 to €68,329
- Financial income +€16,500
up €16,500 (+411.2%), from €4,013 to €20,513
- Financial charges +€4,318
up €4,318 (+31.6%), from €13,660 to €17,979
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 | €570,502 | €545,627 | -€24,876 | -4.4% |
| Fixed assets | 21/28 | €427,271 | €387,835 | -€39,436 | -9.2% |
| Intangible fixed assets | 21 | €347,451 | €310,877 | -€36,574 | -10.5% |
| Tangible fixed assets | 22/27 | €73,135 | €70,273 | -€2,862 | -3.9% |
| Plant, machinery and equipment | 23 | €62,453 | €40,363 | -€22,089 | -35.4% |
| Furniture and vehicles | 24 | €10,683 | €4,951 | -€5,732 | -53.7% |
| Other tangible fixed assets | 26 | - | €24,959 | +€24,959 | |
| Financial fixed assets | 28 | €6,684 | €6,684 | = | 0.0% |
| Current assets | 29/58 | €143,231 | €157,792 | +€14,560 | +10.2% |
| Stocks and contracts in progress | 3 | €89,079 | €96,529 | +€7,450 | +8.4% |
| Stocks | 30/36 | €89,079 | €96,529 | +€7,450 | +8.4% |
| Amounts receivable within one year | 40/41 | €16,483 | €25,166 | +€8,683 | +52.7% |
| Trade receivables | 40 | €15,640 | €15,306 | -€334 | -2.1% |
| Other amounts receivable | 41 | €843 | €9,860 | +€9,017 | +1070.0% |
| Cash at bank and in hand | 54/58 | €25,216 | €24,873 | -€343 | -1.4% |
| Deferred charges and accrued income | 490/1 | €12,453 | €11,224 | -€1,229 | -9.9% |
| Total equity and liabilities | 10/49 | €570,502 | €545,627 | -€24,876 | -4.4% |
| Equity | 10/15 | €122,307 | €111,007 | -€11,300 | -9.2% |
| Contributions | 10/11 | €108,000 | €108,000 | = | 0.0% |
| Capital | 10 | €108,000 | €108,000 | = | 0.0% |
| Issued capital | 100 | €108,000 | €108,000 | = | 0.0% |
| Reserves | 13 | €800 | €3,007 | +€2,207 | +275.9% |
| Non-distributable reserves | 130/1 | €800 | €3,007 | +€2,207 | +275.9% |
| Legal reserve | 130 | €800 | €3,007 | +€2,207 | +275.9% |
| Profit (loss) carried forward | 14 | €13,507 | - | -€13,507 | |
| Amounts payable | 17/49 | €448,195 | €434,620 | -€13,575 | -3.0% |
| Amounts payable after more than one year | 17 | €151,729 | €49,906 | -€101,822 | -67.1% |
| Financial debts | 170/4 | €151,729 | €49,906 | -€101,822 | -67.1% |
| Amounts payable within one year | 42/48 | €292,180 | €384,502 | +€92,322 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €94,470 | €103,489 | +€9,020 | +9.5% |
| Trade debts | 44 | €171,402 | €203,774 | +€32,372 | +18.9% |
| Suppliers | 440/4 | €171,402 | €203,774 | +€32,372 | +18.9% |
| Taxes, remuneration and social security | 45 | €26,309 | €30,117 | +€3,808 | +14.5% |
| Taxes | 450/3 | €10,119 | €13,538 | +€3,419 | +33.8% |
| Remuneration and social security | 454/9 | €16,190 | €16,579 | +€389 | +2.4% |
| Other amounts payable | 47/48 | - | €47,123 | +€47,123 | |
| Accrued charges and deferred income | 492/3 | €4,286 | €211 | -€4,075 | -95.1% |
| Remuneration, social security and pensions | 62 | €86,661 | €188,994 | +€102,334 | +118.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,107 | €68,329 | +€29,222 | +74.7% |
| Other operating charges | 640/8 | €745 | €2,694 | +€1,949 | +261.8% |
| Gross operating margin | 9900 | €153,267 | €309,828 | +€156,561 | +102.1% |
| Operating profit (loss) | 9901 | €26,754 | €49,811 | +€23,056 | +86.2% |
| Financial income | 75/76B | €4,013 | €20,513 | +€16,500 | +411.2% |
| Recurring financial income | 75 | €4,013 | €20,513 | +€16,500 | +411.2% |
| Financial charges | 65/66B | €13,660 | €17,979 | +€4,318 | +31.6% |
| Recurring financial charges | 65 | €13,660 | €17,979 | +€4,318 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €17,107 | €52,345 | +€35,238 | +206.0% |
| Income taxes | 67/77 | €10,135 | €8,207 | -€1,928 | -19.0% |
| Profit (loss) for the period | 9904 | €6,972 | €44,138 | +€37,166 | +533.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,972 | €44,138 | +€37,166 | +533.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.