GENERALISSIMO: 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.
GENERALISSIMO
Largest movements
- Tangible fixed assets -€77,148
down €77,148 (-58.6%), from €131,707 to €54,560
of which Land and buildings: -€76,449
- Receivables within one year +€57,522
up €57,522 (+30.0%), from €191,446 to €248,968
of which Other amounts receivable: +€64,404
- Cash -€6,020
down €6,020 (-63.7%), from €9,456 to €3,436
mainly Net result for the year (-€92,089) and Trade debts (-€59,385)
- Other debts +€151,681
up €151,681 (+379%), from €40,000 to €191,681
- Profit (loss) carried forward -€92,089
new in 2025: -€92,089
- Trade debts -€59,385
down €59,385 (-99.3%), from €59,825 to €441
- Tax, wage and social debts -€24,270
down €24,270 (-97.6%), from €24,856 to €586
- Gross operating margin +€48,953
up €48,953, from -€6,158 to €42,795
- Financial income -€42,054
down €42,054 (-84.1%), from €50,000 to €7,946
of which Non-recurring financial income: -€50,000
- Financial charges +€4,491
up €4,491 (+698%), from €643 to €5,134
- Taxes -€3,523
down €3,523 (-100%), from €3,523 to €0
- Other operating charges +€2,431
up €2,431 (+4.2%), from €58,117 to €60,548
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 | €337,474 | €313,412 | -€24,062 | -7.1% |
| Fixed assets | 21/28 | €131,707 | €54,560 | -€77,148 | -58.6% |
| Tangible fixed assets | 22/27 | €131,707 | €54,560 | -€77,148 | -58.6% |
| Land and buildings | 22 | €124,718 | €48,270 | -€76,449 | -61.3% |
| Plant, machinery and equipment | 23 | €6,989 | €6,290 | -€699 | -10.0% |
| Current assets | 29/58 | €205,767 | €258,852 | +€53,086 | +25.8% |
| Amounts receivable within one year | 40/41 | €191,446 | €248,968 | +€57,522 | +30.0% |
| Trade receivables | 40 | €6,883 | €0 | -€6,883 | -100% |
| Other amounts receivable | 41 | €184,564 | €248,968 | +€64,404 | +34.9% |
| Cash at bank and in hand | 54/58 | €9,456 | €3,436 | -€6,020 | -63.7% |
| Deferred charges and accrued income | 490/1 | €4,864 | €6,448 | +€1,584 | +32.6% |
| Total equity and liabilities | 10/49 | €337,474 | €313,412 | -€24,062 | -7.1% |
| Equity | 10/15 | €212,793 | €120,704 | -€92,089 | -43.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €151,293 | €151,293 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,051 | €1,051 | = | 0.0% |
| Legal reserve | 130 | €1,051 | €1,051 | = | 0.0% |
| Distributable reserves | 133 | €150,242 | €150,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€92,089 | -€92,089 | |
| Amounts payable | 17/49 | €124,681 | €192,708 | +€68,027 | +54.6% |
| Amounts payable within one year | 42/48 | €124,681 | €192,708 | +€68,027 | +54.6% |
| Trade debts | 44 | €59,825 | €441 | -€59,385 | -99.3% |
| Suppliers | 440/4 | €59,825 | €441 | -€59,385 | -99.3% |
| Taxes, remuneration and social security | 45 | €24,856 | €586 | -€24,270 | -97.6% |
| Taxes | 450/3 | €24,856 | €586 | -€24,270 | -97.6% |
| Other amounts payable | 47/48 | €40,000 | €191,681 | +€151,681 | +379% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,452 | €77,148 | +€695 | +0.9% |
| Other operating charges | 640/8 | €58,117 | €60,548 | +€2,431 | +4.2% |
| Gross operating margin | 9900 | -€6,158 | €42,795 | +€48,953 | |
| Operating profit (loss) | 9901 | -€140,727 | -€94,901 | +€45,826 | +32.6% |
| Financial income | 75/76B | €50,000 | €7,946 | -€42,054 | -84.1% |
| Recurring financial income | 75 | €50,000 | €7,946 | -€42,054 | -84.1% |
| Non-recurring financial income | 76B | €50,000 | €0 | -€50,000 | -100% |
| Financial charges | 65/66B | €643 | €5,134 | +€4,491 | +698% |
| Recurring financial charges | 65 | €643 | €5,134 | +€4,491 | +698% |
| Profit (loss) for the period before taxes | 9903 | -€91,370 | -€92,089 | -€719 | -0.8% |
| Income taxes | 67/77 | €3,523 | €0 | -€3,523 | -100% |
| Profit (loss) for the period | 9904 | -€94,893 | -€92,089 | +€2,804 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,893 | -€92,089 | +€2,804 | +3.0% |
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 18 October 2026 via checked.be.