GENERALIS: 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.
GENERALIS
Largest movements
- Financial fixed assets -€184,940
down €184,940 (-66.4%), from €278,640 to €93,700
- Cash +€124,363
up €124,363 (+113%), from €109,667 to €234,030
mainly Investment in fixed assets (net) (+€188,886) and Tax, wage and social debts (+€4,749)
- Receivables within one year +€23,845
up €23,845 (+66.5%), from €35,880 to €59,724
of which Trade receivables: +€18,594
- Tangible fixed assets -€6,285
down €6,285 (-44.0%), from €14,300 to €8,015
of which Furniture and vehicles: -€5,974
- Debts after one year -€27,839
down €27,839 (-58.7%), from €47,452 to €19,613
- Trade debts -€15,122
down €15,122 (-77.8%), from €19,443 to €4,321
- Tax, wage and social debts +€4,749
up €4,749 (+42.9%), from €11,070 to €15,819
- Financial charges -€715,797
down €715,797 (-96.0%), from €745,382 to €29,585
of which Non-recurring financial charges: -€715,059
- Financial income -€65,631
down €65,631 (-100.0%), from €65,651 to €20
- Other operating charges -€27,811
down €27,811 (-74.6%), from €37,273 to €9,462
- Gross operating margin +€10,464
up €10,464 (+27.5%), from €37,997 to €48,461
- Taxes +€6,520
up €6,520 (+247%), from €2,640 to €9,160
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 | €439,790 | €399,889 | -€39,901 | -9.1% |
| Fixed assets | 21/28 | €292,940 | €101,715 | -€191,225 | -65.3% |
| Tangible fixed assets | 22/27 | €14,300 | €8,015 | -€6,285 | -44.0% |
| Furniture and vehicles | 24 | €13,291 | €7,316 | -€5,974 | -45.0% |
| Other tangible fixed assets | 26 | €1,009 | €698 | -€311 | -30.8% |
| Financial fixed assets | 28 | €278,640 | €93,700 | -€184,940 | -66.4% |
| Current assets | 29/58 | €146,849 | €298,174 | +€151,325 | +103% |
| Amounts receivable within one year | 40/41 | €35,880 | €59,724 | +€23,845 | +66.5% |
| Trade receivables | 40 | €1,210 | €19,804 | +€18,594 | +1,537% |
| Other amounts receivable | 41 | €34,670 | €39,920 | +€5,251 | +15.1% |
| Cash at bank and in hand | 54/58 | €109,667 | €234,030 | +€124,363 | +113% |
| Deferred charges and accrued income | 490/1 | €1,303 | €4,420 | +€3,117 | +239% |
| Total equity and liabilities | 10/49 | €439,790 | €399,889 | -€39,901 | -9.1% |
| Equity | 10/15 | €334,363 | €332,297 | -€2,066 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,500 | €309,500 | = | 0.0% |
| Distributable reserves | 133 | €309,500 | €309,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,263 | €4,197 | -€2,066 | -33.0% |
| Amounts payable | 17/49 | €105,426 | €67,592 | -€37,835 | -35.9% |
| Amounts payable after more than one year | 17 | €47,452 | €19,613 | -€27,839 | -58.7% |
| Financial debts | 170/4 | €47,452 | €19,613 | -€27,839 | -58.7% |
| Amounts payable within one year | 42/48 | €57,975 | €47,979 | -€9,996 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €27,073 | €27,839 | +€766 | +2.8% |
| Trade debts | 44 | €19,443 | €4,321 | -€15,122 | -77.8% |
| Suppliers | 440/4 | €19,443 | €4,321 | -€15,122 | -77.8% |
| Taxes, remuneration and social security | 45 | €11,070 | €15,819 | +€4,749 | +42.9% |
| Taxes | 450/3 | €11,070 | €15,819 | +€4,749 | +42.9% |
| Other amounts payable | 47/48 | €388 | - | -€388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,707 | €2,340 | -€1,367 | -36.9% |
| Other operating charges | 640/8 | €37,273 | €9,462 | -€27,811 | -74.6% |
| Gross operating margin | 9900 | €37,997 | €48,461 | +€10,464 | +27.5% |
| Operating profit (loss) | 9901 | -€2,983 | €36,659 | +€39,642 | |
| Financial income | 75/76B | €65,651 | €20 | -€65,631 | -100.0% |
| Recurring financial income | 75 | €65,651 | €20 | -€65,631 | -100.0% |
| Financial charges | 65/66B | €745,382 | €29,585 | -€715,797 | -96.0% |
| Recurring financial charges | 65 | €2,883 | €2,145 | -€738 | -25.6% |
| Non-recurring financial charges | 66B | €742,499 | €27,440 | -€715,059 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | -€682,714 | €7,094 | +€689,808 | |
| Income taxes | 67/77 | €2,640 | €9,160 | +€6,520 | +247% |
| Profit (loss) for the period | 9904 | -€685,354 | -€2,066 | +€683,288 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€685,354 | -€2,066 | +€683,288 | +99.7% |
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 25 October 2026 via checked.be.