GENERATIONS RECRUITMENT: 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 RECRUITMENT
Largest movements
- Cash -€52,625
down €52,625 (-92.5%), from €56,876 to €4,251
mainly Current portion of long-term debt (-€106,878) and Investment in fixed assets (net) (-€69,872)
- Tangible fixed assets +€42,904
up €42,904 (+162%), from €26,560 to €69,464
of which Plant, machinery and equipment: +€50,696
- Deferred charges and accrued income +€33,730
up €33,730 (+196%), from €17,189 to €50,919
- Current investments -€28,862
down €28,862 (-12.0%), from €241,000 to €212,137
- Receivables within one year -€26,309
down €26,309 (-10.7%), from €245,228 to €218,919
of which Other amounts receivable: -€20,000
- Short-term financial debts +€125,310
up €125,310 (+4,846%), from €2,586 to €127,896
- Current portion of long-term debt -€106,878
down €106,878 (-94.0%), from €113,665 to €6,787
- Trade debts -€41,709
down €41,709 (-26.6%), from €156,602 to €114,893
- Tax, wage and social debts -€23,416
down €23,416 (-32.7%), from €71,676 to €48,260
of which Remuneration and social security: -€13,302
- Other debts +€15,882
up €15,882 (+106%), from €15,003 to €30,885
- Staff costs -€97,357
down €97,357 (-22.5%), from €432,719 to €335,362
- Gross operating margin +€46,565
up €46,565 (+13.5%), from €345,925 to €392,489
- Provisions +€31,378
no longer reported in 2025 (was -€31,378)
- Depreciation +€20,271
up €20,271 (+98.1%), from €20,669 to €40,940
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 | €620,605 | €575,472 | -€45,133 | -7.3% |
| Fixed assets | 21/28 | €60,312 | €89,245 | +€28,932 | +48.0% |
| Intangible fixed assets | 21 | €33,702 | €19,731 | -€13,971 | -41.5% |
| Tangible fixed assets | 22/27 | €26,560 | €69,464 | +€42,904 | +162% |
| Plant, machinery and equipment | 23 | - | €50,696 | +€50,696 | |
| Furniture and vehicles | 24 | €9,052 | €4,260 | -€4,792 | -52.9% |
| Other tangible fixed assets | 26 | €17,508 | €14,508 | -€3,000 | -17.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €560,293 | €486,227 | -€74,066 | -13.2% |
| Amounts receivable within one year | 40/41 | €245,228 | €218,919 | -€26,309 | -10.7% |
| Trade receivables | 40 | €204,661 | €198,352 | -€6,309 | -3.1% |
| Other amounts receivable | 41 | €40,567 | €20,567 | -€20,000 | -49.3% |
| Current investments | 50/53 | €241,000 | €212,137 | -€28,862 | -12.0% |
| Cash at bank and in hand | 54/58 | €56,876 | €4,251 | -€52,625 | -92.5% |
| Deferred charges and accrued income | 490/1 | €17,189 | €50,919 | +€33,730 | +196% |
| Total equity and liabilities | 10/49 | €620,605 | €575,472 | -€45,133 | -7.3% |
| Equity | 10/15 | €240,779 | €231,100 | -€9,680 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,179 | €212,500 | -€9,680 | -4.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €203,429 | €193,750 | -€9,680 | -4.8% |
| Amounts payable | 17/49 | €379,826 | €344,372 | -€35,454 | -9.3% |
| Amounts payable within one year | 42/48 | €359,533 | €328,721 | -€30,812 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €113,665 | €6,787 | -€106,878 | -94.0% |
| Financial debts | 43 | €2,586 | €127,896 | +€125,310 | +4,846% |
| Credit institutions | 430/8 | €2,586 | €127,896 | +€125,310 | +4,846% |
| Trade debts | 44 | €156,602 | €114,893 | -€41,709 | -26.6% |
| Suppliers | 440/4 | €156,602 | €114,893 | -€41,709 | -26.6% |
| Taxes, remuneration and social security | 45 | €71,676 | €48,260 | -€23,416 | -32.7% |
| Taxes | 450/3 | €39,537 | €29,423 | -€10,114 | -25.6% |
| Remuneration and social security | 454/9 | €32,140 | €18,837 | -€13,302 | -41.4% |
| Other amounts payable | 47/48 | €15,003 | €30,885 | +€15,882 | +106% |
| Accrued charges and deferred income | 492/3 | €20,293 | €15,651 | -€4,642 | -22.9% |
| Remuneration, social security and pensions | 62 | €432,719 | €335,362 | -€97,357 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,669 | €40,940 | +€20,271 | +98.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,378 | - | +€31,378 | |
| Other operating charges | 640/8 | €1,151 | €2,158 | +€1,007 | +87.5% |
| Gross operating margin | 9900 | €345,925 | €392,489 | +€46,565 | +13.5% |
| Operating profit (loss) | 9901 | -€77,236 | €14,030 | +€91,266 | |
| Financial income | 75/76B | €3,259 | €2,253 | -€1,006 | -30.9% |
| Recurring financial income | 75 | €3,259 | €2,253 | -€1,006 | -30.9% |
| Financial charges | 65/66B | €8,624 | €10,521 | +€1,897 | +22.0% |
| Recurring financial charges | 65 | €8,624 | €10,521 | +€1,897 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€82,602 | €5,762 | +€88,363 | |
| Income taxes | 67/77 | €3,634 | €441 | -€3,193 | -87.9% |
| Profit (loss) for the period | 9904 | -€86,236 | €5,320 | +€91,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,236 | €5,320 | +€91,556 |
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 15 October 2026 via checked.be.