GENERAUX: 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.
What changed
GENERAUX
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€197,425
2024 · €235,453-€38,028
Equity
€1.2m
2024 · €1.2m+€32,425
Cash
€633,871
2024 · €335,106+€298,766
Balance sheet total
€6.4m
2024 · €5.6m+€814,777
Largest movements
Assets
- Stocks and contracts +€562,461
up €562,461 (+31.5%), from €1.8m to €2.3m
- Cash +€298,766
up €298,766 (+89.2%), from €335,106 to €633,871
mainly Trade debts (+€731,257) and Short-term financial debts (+€295,000)
Equity and liabilities
- Trade debts +€731,257
up €731,257 (+48.6%), from €1.5m to €2.2m
- Short-term financial debts +€295,000
up €295,000 (+16.1%), from €1.8m to €2.1m
- Debts after one year -€100,494
down €100,494 (-23.9%), from €421,294 to €320,800
- Accrued charges and deferred income -€83,145
no longer reported in 2025 (was €83,145)
- Tax, wage and social debts -€72,216
down €72,216 (-41.1%), from €175,868 to €103,652
of which Taxes: -€46,282
Income statement
- Goods and materials +€1.7m
up €1.7m (+8.1%), from €20.6m to €22.3m
of which Purchases: +€2.2m
- Turnover +€1.3m
up €1.3m (+5.7%), from €23.7m to €25.0m
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.
Result 2024
€235,453
Turnover
+€1.3m
Other operating income
+€70,614
Goods and materials
-€1.7m
Services and other goods
-€71,475
Staff costs
-€12,370
Depreciation
+€65,384
Other operating charges
+€66,126
Financial income
+€97,136
Financial charges
+€75,522
Taxes
+€39
Result 2025
€197,425
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.
From operations
+€446,026
Investment
-€188,716
Financing
+€41,456
Cash 2024
€335,106
From operations (derived)
+€446,026
Net result for the year
+€197,425
Depreciation
+€144,042
Stocks and contracts
-€562,461
Receivables within one year
+€44,224
Deferred charges and accrued income
+€46,900
Trade debts
+€731,257
Tax, wage and social debts
-€72,216
Accrued charges and deferred income
-€83,145
Investment (derived)
-€188,716
Investment in fixed assets (net)
-€188,716
Financing
+€41,456
Debts after one year
-€100,494
Current portion of long-term debt
+€11,951
Short-term financial debts
+€295,000
Contributions, distributions and other
-€165,000
Cash 2025
€633,871
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,593,290 | €6,408,067 | +€814,777 | +14.6% |
| Fixed assets | 21/28 | €369,681 | €414,355 | +€44,674 | +12.1% |
| Tangible fixed assets | 22/27 | €350,859 | €365,533 | +€14,674 | +4.2% |
| Land and buildings | 22 | €33,504 | €52,044 | +€18,540 | +55.3% |
| Plant, machinery and equipment | 23 | €94,453 | €78,492 | -€15,961 | -16.9% |
| Furniture and vehicles | 24 | €222,902 | €234,998 | +€12,096 | +5.4% |
| Financial fixed assets | 28 | €18,822 | €48,822 | +€30,000 | +159.4% |
| Other financial fixed assets | 284/8 | €18,822 | €48,822 | +€30,000 | +159.4% |
| Amounts receivable and cash guarantees | 285/8 | €18,822 | €48,822 | +€30,000 | +159.4% |
| Current assets | 29/58 | €5,223,609 | €5,993,712 | +€770,103 | +14.7% |
| Stocks and contracts in progress | 3 | €1,784,815 | €2,347,276 | +€562,461 | +31.5% |
| Stocks | 30/36 | €1,784,815 | €2,347,276 | +€562,461 | +31.5% |
| Goods purchased for resale | 34 | €1,784,815 | €2,347,276 | +€562,461 | +31.5% |
| Amounts receivable within one year | 40/41 | €3,045,196 | €3,000,973 | -€44,224 | -1.5% |
| Trade receivables | 40 | €2,891,196 | €2,835,285 | -€55,911 | -1.9% |
| Other amounts receivable | 41 | €154,000 | €165,688 | +€11,688 | +7.6% |
| Cash at bank and in hand | 54/58 | €335,106 | €633,871 | +€298,766 | +89.2% |
| Deferred charges and accrued income | 490/1 | €58,492 | €11,592 | -€46,900 | -80.2% |
| Total equity and liabilities | 10/49 | €5,593,290 | €6,408,067 | +€814,777 | +14.6% |
| Equity | 10/15 | €1,186,745 | €1,219,170 | +€32,425 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,494 | €86,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €756 | €756 | = | 0.0% |
| Distributable reserves | 133 | €85,738 | €85,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,081,651 | €1,114,076 | +€32,425 | +3.0% |
| Amounts payable | 17/49 | €4,406,545 | €5,188,897 | +€782,352 | +17.8% |
| Amounts payable after more than one year | 17 | €421,294 | €320,800 | -€100,494 | -23.9% |
| Financial debts | 170/4 | €421,294 | €320,800 | -€100,494 | -23.9% |
| Credit institutions | 173 | €421,294 | €320,800 | -€100,494 | -23.9% |
| Amounts payable within one year | 42/48 | €3,902,106 | €4,868,097 | +€965,991 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €188,375 | €200,325 | +€11,951 | +6.3% |
| Financial debts | 43 | €1,830,000 | €2,125,000 | +€295,000 | +16.1% |
| Credit institutions | 430/8 | €1,830,000 | €2,125,000 | +€295,000 | +16.1% |
| Trade debts | 44 | €1,504,748 | €2,236,005 | +€731,257 | +48.6% |
| Suppliers | 440/4 | €1,504,748 | €2,236,005 | +€731,257 | +48.6% |
| Taxes, remuneration and social security | 45 | €175,868 | €103,652 | -€72,216 | -41.1% |
| Taxes | 450/3 | €101,345 | €55,063 | -€46,282 | -45.7% |
| Remuneration and social security | 454/9 | €74,523 | €48,589 | -€25,934 | -34.8% |
| Other amounts payable | 47/48 | €203,115 | €203,115 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €83,145 | - | -€83,145 | |
| Operating income | 70/76A | €23,811,931 | €25,227,096 | +€1.4m | +5.9% |
| Turnover | 70 | €23,663,790 | €25,008,341 | +€1.3m | +5.7% |
| Other operating income | 74 | €148,140 | €218,755 | +€70,614 | +47.7% |
| Operating charges | 60/66A | €23,355,142 | €24,981,033 | +€1.6m | +7.0% |
| Goods for resale, raw materials and consumables | 60 | €20,646,325 | €22,319,880 | +€1.7m | +8.1% |
| Purchases | 600/8 | €20,697,393 | €22,882,341 | +€2.2m | +10.6% |
| Change in stocks: decrease (increase) | 609 | -€51,067 | -€562,461 | -€511,393 | -1001.4% |
| Services and other goods | 61 | €1,679,390 | €1,750,865 | +€71,475 | +4.3% |
| Remuneration, social security and pensions | 62 | €617,187 | €629,557 | +€12,370 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,427 | €144,042 | -€65,384 | -31.2% |
| Other operating charges | 640/8 | €202,814 | €136,688 | -€66,126 | -32.6% |
| Operating profit (loss) | 9901 | €456,789 | €246,064 | -€210,725 | -46.1% |
| Financial income | 75/76B | €31,729 | €128,865 | +€97,136 | +306.1% |
| Recurring financial income | 75 | €31,729 | €128,865 | +€97,136 | +306.1% |
| Income from financial fixed assets | 750 | €16,820 | €6,210 | -€10,611 | -63.1% |
| Other financial income | 752/9 | €14,909 | €122,656 | +€107,747 | +722.7% |
| Financial charges | 65/66B | €177,764 | €102,242 | -€75,522 | -42.5% |
| Recurring financial charges | 65 | €173,684 | €102,242 | -€71,442 | -41.1% |
| Debt charges | 650 | €202,973 | €160,189 | -€42,784 | -21.1% |
| Other financial charges | 652/9 | -€29,289 | -€57,947 | -€28,657 | -97.8% |
| Non-recurring financial charges | 66B | €4,080 | - | -€4,080 | |
| Profit (loss) for the period before taxes | 9903 | €310,754 | €272,686 | -€38,067 | -12.2% |
| Income taxes | 67/77 | €75,301 | €75,262 | -€39 | -0.1% |
| Taxes | 670/3 | €75,301 | €75,262 | -€39 | -0.1% |
| Profit (loss) for the period | 9904 | €235,453 | €197,425 | -€38,028 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €235,453 | €197,425 | -€38,028 | -16.2% |
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 4 October 2026 via checked.be.