GENERATION4: 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.
GENERATION4
Largest movements
- Financial fixed assets +€120,000
up €120,000 (+62.4%), from €192,420 to €312,420
- Receivables within one year +€38,721
up €38,721 (+73.0%), from €53,076 to €91,797
of which Other amounts receivable: +€24,191
- Tangible fixed assets -€30,043
down €30,043 (-13.1%), from €229,638 to €199,595
of which Other tangible fixed assets: -€18,873
- Cash +€28,421
up €28,421 (+751.0%), from €3,785 to €32,206
mainly Short-term financial debts (+€200,000) and Depreciation (+€59,695)
- Intangible fixed assets -€16,976
down €16,976 (-46.6%), from €36,466 to €19,490
- Short-term financial debts +€200,000
up €200,000 (+80.0%), from €250,000 to €450,000
- Profit (loss) carried forward -€61,756
down €61,756 (-17.4%), from -€354,198 to -€415,954
- Debts after one year -€55,235
down €55,235 (-37.4%), from €147,674 to €92,439
- Current portion of long-term debt +€32,909
up €32,909 (+147.4%), from €22,326 to €55,235
- Trade debts +€29,741
up €29,741 (+97.1%), from €30,626 to €60,367
- Gross operating margin +€318,471
up €318,471, from -€137,405 to €181,066
- Financial charges +€16,457
up €16,457 (+94.2%), from €17,465 to €33,922
- Depreciation +€4,622
up €4,622 (+8.4%), from €55,073 to €59,695
- Staff costs +€3,882
up €3,882 (+2.7%), from €143,897 to €147,779
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,654 | €665,466 | +€136,811 | +25.9% |
| Formation expenses | 20 | €13,270 | €9,736 | -€3,533 | -26.6% |
| Fixed assets | 21/28 | €458,524 | €531,505 | +€72,981 | +15.9% |
| Intangible fixed assets | 21 | €36,466 | €19,490 | -€16,976 | -46.6% |
| Tangible fixed assets | 22/27 | €229,638 | €199,595 | -€30,043 | -13.1% |
| Plant, machinery and equipment | 23 | €10,620 | €11,560 | +€940 | +8.9% |
| Furniture and vehicles | 24 | €48,723 | €36,614 | -€12,110 | -24.9% |
| Other tangible fixed assets | 26 | €170,295 | €151,422 | -€18,873 | -11.1% |
| Financial fixed assets | 28 | €192,420 | €312,420 | +€120,000 | +62.4% |
| Current assets | 29/58 | €56,861 | €124,224 | +€67,363 | +118.5% |
| Amounts receivable within one year | 40/41 | €53,076 | €91,797 | +€38,721 | +73.0% |
| Trade receivables | 40 | €53,076 | €67,606 | +€14,530 | +27.4% |
| Other amounts receivable | 41 | - | €24,191 | +€24,191 | |
| Cash at bank and in hand | 54/58 | €3,785 | €32,206 | +€28,421 | +751.0% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €528,654 | €665,466 | +€136,811 | +25.9% |
| Equity | 10/15 | €45,802 | -€15,954 | -€61,756 | |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,198 | -€415,954 | -€61,756 | -17.4% |
| Amounts payable | 17/49 | €482,853 | €681,420 | +€198,567 | +41.1% |
| Amounts payable after more than one year | 17 | €147,674 | €92,439 | -€55,235 | -37.4% |
| Financial debts | 170/4 | €147,674 | €92,439 | -€55,235 | -37.4% |
| Amounts payable within one year | 42/48 | €335,178 | €588,981 | +€253,803 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €22,326 | €55,235 | +€32,909 | +147.4% |
| Financial debts | 43 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Other loans | 439 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Trade debts | 44 | €30,626 | €60,367 | +€29,741 | +97.1% |
| Suppliers | 440/4 | €30,626 | €60,367 | +€29,741 | +97.1% |
| Taxes, remuneration and social security | 45 | €32,227 | €23,379 | -€8,848 | -27.5% |
| Taxes | 450/3 | €6,125 | €4,826 | -€1,299 | -21.2% |
| Remuneration and social security | 454/9 | €26,102 | €18,553 | -€7,549 | -28.9% |
| Remuneration, social security and pensions | 62 | €143,897 | €147,779 | +€3,882 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,073 | €59,695 | +€4,622 | +8.4% |
| Other operating charges | 640/8 | €732 | €753 | +€22 | +2.9% |
| Gross operating margin | 9900 | -€137,405 | €181,066 | +€318,471 | |
| Operating profit (loss) | 9901 | -€337,107 | -€27,162 | +€309,945 | +91.9% |
| Financial income | 75/76B | €990 | - | -€990 | |
| Recurring financial income | 75 | €990 | - | -€990 | |
| Financial charges | 65/66B | €17,465 | €33,922 | +€16,457 | +94.2% |
| Recurring financial charges | 65 | €17,465 | €33,922 | +€16,457 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | -€353,582 | -€61,084 | +€292,499 | +82.7% |
| Income taxes | 67/77 | €616 | €672 | +€56 | +9.1% |
| Profit (loss) for the period | 9904 | -€354,198 | -€61,756 | +€292,443 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€354,198 | -€61,756 | +€292,443 | +82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.