Generations M: 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.
Generations M
Largest movements
- Receivables within one year +€18,866
up €18,866 (+518%), from €3,644 to €22,510
of which Other amounts receivable: +€16,774
- Tangible fixed assets -€9,237
down €9,237 (-20.7%), from €44,629 to €35,392
of which Furniture and vehicles: -€9,056
- Stocks and contracts +€7,597
new in 2025: €7,597
- Deferred charges and accrued income +€2,668
up €2,668 (+241%), from €1,108 to €3,775
- Intangible fixed assets -€1,600
down €1,600 (-25.8%), from €6,203 to €4,603
- Profit (loss) carried forward +€36,388
up €36,388 (+104%), from €35,001 to €71,389
- Other debts -€17,375
down €17,375 (-100%), from €17,375 to €0
- Tax, wage and social debts +€1,547
up €1,547 (+37.0%), from €4,180 to €5,728
- Trade debts -€1,487
down €1,487 (-57.9%), from €2,567 to €1,080
- Short-term financial debts -€1,073
down €1,073 (-92.1%), from €1,166 to €93
- Depreciation -€897
down €897 (-4.9%), from €18,381 to €17,483
- Other operating charges -€888
down €888 (-49.0%), from €1,814 to €926
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 | €62,788 | €80,789 | +€18,001 | +28.7% |
| Fixed assets | 21/28 | €50,831 | €39,995 | -€10,837 | -21.3% |
| Intangible fixed assets | 21 | €6,203 | €4,603 | -€1,600 | -25.8% |
| Tangible fixed assets | 22/27 | €44,629 | €35,392 | -€9,237 | -20.7% |
| Land and buildings | 22 | - | €6,619 | +€6,619 | |
| Plant, machinery and equipment | 23 | €25,541 | €18,741 | -€6,800 | -26.6% |
| Furniture and vehicles | 24 | €19,088 | €10,032 | -€9,056 | -47.4% |
| Current assets | 29/58 | €11,957 | €40,795 | +€28,838 | +241% |
| Stocks and contracts in progress | 3 | - | €7,597 | +€7,597 | |
| Stocks | 30/36 | - | €7,597 | +€7,597 | |
| Amounts receivable within one year | 40/41 | €3,644 | €22,510 | +€18,866 | +518% |
| Trade receivables | 40 | - | €2,092 | +€2,092 | |
| Other amounts receivable | 41 | €3,644 | €20,417 | +€16,774 | +460% |
| Cash at bank and in hand | 54/58 | €7,206 | €6,912 | -€293 | -4.1% |
| Deferred charges and accrued income | 490/1 | €1,108 | €3,775 | +€2,668 | +241% |
| Total equity and liabilities | 10/49 | €62,788 | €80,789 | +€18,001 | +28.7% |
| Equity | 10/15 | €37,501 | €73,889 | +€36,388 | +97.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,001 | €71,389 | +€36,388 | +104% |
| Amounts payable | 17/49 | €25,288 | €6,900 | -€18,388 | -72.7% |
| Amounts payable within one year | 42/48 | €25,288 | €6,900 | -€18,388 | -72.7% |
| Financial debts | 43 | €1,166 | €93 | -€1,073 | -92.1% |
| Credit institutions | 430/8 | €1,166 | €93 | -€1,073 | -92.1% |
| Trade debts | 44 | €2,567 | €1,080 | -€1,487 | -57.9% |
| Suppliers | 440/4 | €2,567 | €1,080 | -€1,487 | -57.9% |
| Taxes, remuneration and social security | 45 | €4,180 | €5,728 | +€1,547 | +37.0% |
| Taxes | 450/3 | €4,180 | €5,728 | +€1,547 | +37.0% |
| Other amounts payable | 47/48 | €17,375 | €0 | -€17,375 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,381 | €17,483 | -€897 | -4.9% |
| Other operating charges | 640/8 | €1,814 | €926 | -€888 | -49.0% |
| Gross operating margin | 9900 | €65,932 | €65,428 | -€504 | -0.8% |
| Operating profit (loss) | 9901 | €45,738 | €47,020 | +€1,282 | +2.8% |
| Financial income | 75/76B | €0 | €558 | +€558 | +1,394,000% |
| Recurring financial income | 75 | €0 | €558 | +€558 | +1,394,000% |
| Financial charges | 65/66B | €492 | €824 | +€332 | +67.4% |
| Recurring financial charges | 65 | €492 | €824 | +€332 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | €45,246 | €46,753 | +€1,508 | +3.3% |
| Income taxes | 67/77 | €10,245 | €10,365 | +€120 | +1.2% |
| Profit (loss) for the period | 9904 | €35,001 | €36,388 | +€1,388 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,001 | €36,388 | +€1,388 | +4.0% |
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 14 October 2026 via checked.be.