GENERATION MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€11,242
up €11,242 (+68.6%), from €16,382 to €27,624
mainly Trade debts (+€9,167) and Net result for the year (+€5,437)
- Receivables within one year +€2,853
up €2,853 (+73.0%), from €3,907 to €6,761
of which Trade receivables: +€2,686
- Trade debts +€9,167
up €9,167 (+385.6%), from €2,377 to €11,544
- Reserves +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Tax, wage and social debts -€1,563
down €1,563 (-43.6%), from €3,585 to €2,022
- Advances received +€1,317
new in 2025: €1,317
- Profit (loss) carried forward +€437
up €437 (+663.9%), from €66 to €502
- Gross operating margin -€5,436
down €5,436 (-40.7%), from €13,360 to €7,924
- Taxes -€1,397
down €1,397 (-40.9%), from €3,419 to €2,022
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
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 | €20,290 | €34,385 | +€14,095 | +69.5% |
| Current assets | 29/58 | €20,290 | €34,385 | +€14,095 | +69.5% |
| Amounts receivable within one year | 40/41 | €3,907 | €6,761 | +€2,853 | +73.0% |
| Trade receivables | 40 | €3,489 | €6,175 | +€2,686 | +77.0% |
| Other amounts receivable | 41 | €419 | €586 | +€167 | +40.0% |
| Cash at bank and in hand | 54/58 | €16,382 | €27,624 | +€11,242 | +68.6% |
| Total equity and liabilities | 10/49 | €20,290 | €34,385 | +€14,095 | +69.5% |
| Equity | 10/15 | €14,066 | €19,502 | +€5,437 | +38.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Distributable reserves | 133 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Profit (loss) carried forward | 14 | €66 | €502 | +€437 | +663.9% |
| Amounts payable | 17/49 | €6,224 | €14,883 | +€8,659 | +139.1% |
| Amounts payable within one year | 42/48 | €6,224 | €14,883 | +€8,659 | +139.1% |
| Trade debts | 44 | €2,377 | €11,544 | +€9,167 | +385.6% |
| Suppliers | 440/4 | €2,377 | €11,544 | +€9,167 | +385.6% |
| Advances received on contracts in progress | 46 | - | €1,317 | +€1,317 | |
| Taxes, remuneration and social security | 45 | €3,585 | €2,022 | -€1,563 | -43.6% |
| Taxes | 450/3 | €3,585 | €2,022 | -€1,563 | -43.6% |
| Other amounts payable | 47/48 | €261 | - | -€261 | |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €13,360 | €7,924 | -€5,436 | -40.7% |
| Operating profit (loss) | 9901 | €12,588 | €7,525 | -€5,064 | -40.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €107 | €66 | -€41 | -38.0% |
| Recurring financial charges | 65 | €107 | €66 | -€41 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €12,484 | €7,458 | -€5,026 | -40.3% |
| Income taxes | 67/77 | €3,419 | €2,022 | -€1,397 | -40.9% |
| Profit (loss) for the period | 9904 | €9,066 | €5,437 | -€3,629 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,066 | €5,437 | -€3,629 | -40.0% |
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 29 September 2026 via checked.be.