GENERATION USA: 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 USA
Largest movements
- Stocks and contracts -€631
down €631 (-1.3%), from €49,993 to €49,362
- Profit (loss) carried forward -€1,434
down €1,434 (-2.0%), from -€70,228 to -€71,662
- Trade debts +€632
up €632 (+343.7%), from €184 to €816
- Depreciation -€511
no longer reported in 2025 (was €511)
- Gross operating margin -€282
down €282 (-65.1%), from -€433 to -€715
- Financial charges -€27
down €27 (-35.3%), from €77 to €50
- Other operating charges +€22
up €22 (+3.5%), from €647 to €670
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 | €50,424 | €49,775 | -€649 | -1.3% |
| Current assets | 29/58 | €50,424 | €49,775 | -€649 | -1.3% |
| Stocks and contracts in progress | 3 | €49,993 | €49,362 | -€631 | -1.3% |
| Stocks | 30/36 | €49,993 | €49,362 | -€631 | -1.3% |
| Amounts receivable within one year | 40/41 | €192 | €252 | +€60 | +31.4% |
| Other amounts receivable | 41 | €192 | €252 | +€60 | +31.4% |
| Cash at bank and in hand | 54/58 | €99 | €17 | -€82 | -83.2% |
| Deferred charges and accrued income | 490/1 | €141 | €145 | +€4 | +2.7% |
| Total equity and liabilities | 10/49 | €50,424 | €49,775 | -€649 | -1.3% |
| Equity | 10/15 | -€51,628 | -€53,062 | -€1,434 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,228 | -€71,662 | -€1,434 | -2.0% |
| Amounts payable | 17/49 | €102,053 | €102,837 | +€785 | +0.8% |
| Amounts payable within one year | 42/48 | €102,053 | €102,837 | +€785 | +0.8% |
| Trade debts | 44 | €184 | €816 | +€632 | +343.7% |
| Suppliers | 440/4 | €184 | €816 | +€632 | +343.7% |
| Taxes, remuneration and social security | 45 | €47 | - | -€47 | |
| Taxes | 450/3 | €47 | - | -€47 | |
| Other amounts payable | 47/48 | €101,821 | €102,021 | +€200 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511 | - | -€511 | |
| Other operating charges | 640/8 | €647 | €670 | +€22 | +3.5% |
| Gross operating margin | 9900 | -€433 | -€715 | -€282 | -65.1% |
| Operating profit (loss) | 9901 | -€1,591 | -€1,384 | +€207 | +13.0% |
| Financial charges | 65/66B | €77 | €50 | -€27 | -35.3% |
| Recurring financial charges | 65 | €77 | €50 | -€27 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,668 | -€1,434 | +€234 | +14.0% |
| Profit (loss) for the period | 9904 | -€1,668 | -€1,434 | +€234 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,668 | -€1,434 | +€234 | +14.0% |
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 3 October 2026 via checked.be.