GENERATION P ASIA: 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.
GENERATION P ASIA
Largest movements
- Cash -€2.4m
down €2.4m (-98.8%), from €2.4m to €28,627
mainly Other debts (-€1.6m) and Investment in fixed assets (net) (-€1.3m)
- Financial fixed assets +€1.3m
up €1.3m (+12.9%), from €9.9m to €11.2m
- Receivables within one year +€858,494
new in 2025: €858,494
- Other debts -€1.6m
no longer reported in 2025 (was €1.6m)
- Profit (loss) carried forward +€1.3m
up €1.3m, from -€322,491 to €1.0m
- Financial income +€1.2m
up €1.2m (+394%), from €309,108 to €1.5m
- Financial charges -€624,183
down €624,183 (-80.4%), from €776,604 to €152,421
of which Non-recurring financial charges: -€758,720
- Taxes -€45,385
down €45,385 (-62.8%), from €72,317 to €26,932
- Gross operating margin -€3,666
down €3,666 (-4,308%), from -€85 to -€3,751
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 | €12,360,482 | €12,116,114 | -€244,368 | -2.0% |
| Formation expenses | 20 | €1,268 | €362 | -€906 | -71.5% |
| Fixed assets | 21/28 | €9,943,936 | €11,228,631 | +€1.3m | +12.9% |
| Financial fixed assets | 28 | €9,943,936 | €11,228,631 | +€1.3m | +12.9% |
| Current assets | 29/58 | €2,415,278 | €887,121 | -€1.5m | -63.3% |
| Amounts receivable within one year | 40/41 | - | €858,494 | +€858,494 | |
| Other amounts receivable | 41 | - | €858,494 | +€858,494 | |
| Cash at bank and in hand | 54/58 | €2,415,278 | €28,627 | -€2.4m | -98.8% |
| Total equity and liabilities | 10/49 | €12,360,482 | €12,116,114 | -€244,368 | -2.0% |
| Equity | 10/15 | €10,704,509 | €12,045,728 | +€1.3m | +12.5% |
| Contributions | 10/11 | €11,012,000 | €11,012,000 | = | 0.0% |
| Capital | 10 | €11,012,000 | €11,012,000 | = | 0.0% |
| Issued capital | 100 | €11,012,000 | €11,012,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€322,491 | €1,018,728 | +€1.3m | |
| Amounts payable | 17/49 | €1,655,973 | €70,386 | -€1.6m | -95.7% |
| Amounts payable within one year | 42/48 | €1,655,973 | €70,386 | -€1.6m | -95.7% |
| Taxes, remuneration and social security | 45 | €63,146 | €70,386 | +€7,239 | +11.5% |
| Taxes | 450/3 | €63,146 | €70,386 | +€7,239 | +11.5% |
| Other amounts payable | 47/48 | €1,592,827 | - | -€1.6m | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €906 | €906 | = | 0.0% |
| Gross operating margin | 9900 | -€85 | -€3,751 | -€3,666 | -4,308% |
| Operating profit (loss) | 9901 | -€1,959 | -€5,656 | -€3,697 | -189% |
| Financial income | 75/76B | €309,108 | €1,526,228 | +€1.2m | +394% |
| Recurring financial income | 75 | €309,108 | €1,526,228 | +€1.2m | +394% |
| Financial charges | 65/66B | €776,604 | €152,421 | -€624,183 | -80.4% |
| Recurring financial charges | 65 | €17,883 | €152,420 | +€134,538 | +752% |
| Non-recurring financial charges | 66B | €758,721 | €1 | -€758,720 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€469,454 | €1,368,152 | +€1.8m | |
| Income taxes | 67/77 | €72,317 | €26,932 | -€45,385 | -62.8% |
| Profit (loss) for the period | 9904 | -€541,771 | €1,341,220 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€541,771 | €1,341,220 | +€1.9m |
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.