GENERATION 199: 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.
GENERATION 199
Largest movements
- Receivables within one year -€100,954
down €100,954 (-60.5%), from €166,856 to €65,902
- Tangible fixed assets -€27,932
down €27,932 (-6.8%), from €409,551 to €381,618
of which Land and buildings: -€14,957
- Cash +€8,496
up €8,496 (+170.9%), from €4,972 to €13,468
mainly Receivables within one year (+€100,954) and Depreciation (+€27,932)
- Other debts -€107,650
down €107,650 (-30.6%), from €352,032 to €244,382
- Debts after one year -€24,250
down €24,250 (-12.3%), from €197,927 to €173,677
- Profit (loss) carried forward +€19,502
up €19,502 (+82.2%), from -€23,736 to -€4,234
- Current portion of long-term debt -€8,106
down €8,106 (-25.1%), from €32,357 to €24,250
- Depreciation -€3,549
down €3,549 (-11.3%), from €31,482 to €27,932
- Gross operating margin +€3,216
up €3,216 (+6.0%), from €53,601 to €56,817
- Financial income -€2,309
down €2,309 (-53.0%), from €4,355 to €2,046
- Financial charges -€1,462
down €1,462 (-15.7%), from €9,326 to €7,863
- Taxes +€1,285
new in 2025: €1,285
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 | €585,052 | €464,662 | -€120,390 | -20.6% |
| Fixed assets | 21/28 | €413,224 | €385,292 | -€27,932 | -6.8% |
| Tangible fixed assets | 22/27 | €409,551 | €381,618 | -€27,932 | -6.8% |
| Land and buildings | 22 | €363,744 | €348,787 | -€14,957 | -4.1% |
| Plant, machinery and equipment | 23 | €38,557 | €25,581 | -€12,975 | -33.7% |
| Other tangible fixed assets | 26 | €7,250 | €7,250 | = | 0.0% |
| Financial fixed assets | 28 | €3,673 | €3,673 | = | 0.0% |
| Current assets | 29/58 | €171,828 | €79,370 | -€92,458 | -53.8% |
| Amounts receivable within one year | 40/41 | €166,856 | €65,902 | -€100,954 | -60.5% |
| Other amounts receivable | 41 | €166,856 | €65,902 | -€100,954 | -60.5% |
| Cash at bank and in hand | 54/58 | €4,972 | €13,468 | +€8,496 | +170.9% |
| Total equity and liabilities | 10/49 | €585,052 | €464,662 | -€120,390 | -20.6% |
| Equity | 10/15 | -€4,893 | €14,610 | +€19,502 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243 | €243 | = | 0.0% |
| Distributable reserves | 133 | €243 | €243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,736 | -€4,234 | +€19,502 | +82.2% |
| Amounts payable | 17/49 | €589,945 | €450,053 | -€139,893 | -23.7% |
| Amounts payable after more than one year | 17 | €197,927 | €173,677 | -€24,250 | -12.3% |
| Financial debts | 170/4 | €197,927 | €173,677 | -€24,250 | -12.3% |
| Amounts payable within one year | 42/48 | €386,554 | €270,356 | -€116,198 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €32,357 | €24,250 | -€8,106 | -25.1% |
| Financial debts | 43 | €213 | - | -€213 | |
| Credit institutions | 430/8 | €213 | - | -€213 | |
| Trade debts | 44 | €1,952 | €438 | -€1,514 | -77.5% |
| Suppliers | 440/4 | €1,952 | €438 | -€1,514 | -77.5% |
| Taxes, remuneration and social security | 45 | - | €1,285 | +€1,285 | |
| Taxes | 450/3 | - | €1,285 | +€1,285 | |
| Other amounts payable | 47/48 | €352,032 | €244,382 | -€107,650 | -30.6% |
| Accrued charges and deferred income | 492/3 | €5,464 | €6,020 | +€556 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,482 | €27,932 | -€3,549 | -11.3% |
| Other operating charges | 640/8 | €2,210 | €2,280 | +€70 | +3.2% |
| Gross operating margin | 9900 | €53,601 | €56,817 | +€3,216 | +6.0% |
| Operating profit (loss) | 9901 | €19,909 | €26,605 | +€6,696 | +33.6% |
| Financial income | 75/76B | €4,355 | €2,046 | -€2,309 | -53.0% |
| Recurring financial income | 75 | €4,355 | €2,046 | -€2,309 | -53.0% |
| Financial charges | 65/66B | €9,326 | €7,863 | -€1,462 | -15.7% |
| Recurring financial charges | 65 | €9,326 | €7,863 | -€1,462 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €14,939 | €20,788 | +€5,849 | +39.2% |
| Income taxes | 67/77 | - | €1,285 | +€1,285 | |
| Profit (loss) for the period | 9904 | €14,939 | €19,502 | +€4,564 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,939 | €19,502 | +€4,564 | +30.5% |
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 7 October 2026 via checked.be.