GENEREUS: 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.
GENEREUS
Largest movements
- Cash +€36,155
up €36,155 (+51.1%), from €70,801 to €106,957
mainly Net result for the year (+€59,552) and Depreciation (+€7,940)
- Receivables within one year +€20,237
up €20,237 (+37.9%), from €53,334 to €73,570
of which Other amounts receivable: +€15,274
- Tangible fixed assets +€9,537
up €9,537 (+57.1%), from €16,702 to €26,239
of which Furniture and vehicles: +€11,607
- Reserves +€59,552
up €59,552 (+23.0%), from €258,914 to €318,466
- Trade debts +€6,621
up €6,621 (+567.7%), from €1,166 to €7,787
- Gross operating margin +€20,073
up €20,073 (+27.9%), from €71,862 to €91,935
- Taxes +€7,070
up €7,070 (+33.1%), from €21,384 to €28,454
- Financial charges -€1,976
down €1,976 (-73.4%), from €2,694 to €717
- Depreciation +€1,224
up €1,224 (+18.2%), from €6,716 to €7,940
- Financial income +€964
up €964 (+23.2%), from €4,164 to €5,128
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 | €282,631 | €350,408 | +€67,776 | +24.0% |
| Fixed assets | 21/28 | €16,702 | €26,239 | +€9,537 | +57.1% |
| Tangible fixed assets | 22/27 | €16,702 | €26,239 | +€9,537 | +57.1% |
| Plant, machinery and equipment | 23 | €5,021 | €2,950 | -€2,071 | -41.2% |
| Furniture and vehicles | 24 | €11,681 | €23,289 | +€11,607 | +99.4% |
| Current assets | 29/58 | €265,929 | €324,169 | +€58,240 | +21.9% |
| Amounts receivable after more than one year | 29 | €140,151 | €142,245 | +€2,094 | +1.5% |
| Other amounts receivable | 291 | €140,151 | €142,245 | +€2,094 | +1.5% |
| Amounts receivable within one year | 40/41 | €53,334 | €73,570 | +€20,237 | +37.9% |
| Trade receivables | 40 | €13,308 | €18,270 | +€4,962 | +37.3% |
| Other amounts receivable | 41 | €40,026 | €55,300 | +€15,274 | +38.2% |
| Cash at bank and in hand | 54/58 | €70,801 | €106,957 | +€36,155 | +51.1% |
| Deferred charges and accrued income | 490/1 | €1,643 | €1,397 | -€246 | -15.0% |
| Total equity and liabilities | 10/49 | €282,631 | €350,408 | +€67,776 | +24.0% |
| Equity | 10/15 | €271,314 | €330,866 | +€59,552 | +21.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €258,914 | €318,466 | +€59,552 | +23.0% |
| Distributable reserves | 133 | €258,914 | €318,466 | +€59,552 | +23.0% |
| Amounts payable | 17/49 | €11,317 | €19,541 | +€8,224 | +72.7% |
| Amounts payable within one year | 42/48 | €11,317 | €19,541 | +€8,224 | +72.7% |
| Trade debts | 44 | €1,166 | €7,787 | +€6,621 | +567.7% |
| Suppliers | 440/4 | €1,166 | €7,787 | +€6,621 | +567.7% |
| Taxes, remuneration and social security | 45 | €10,151 | €11,754 | +€1,603 | +15.8% |
| Taxes | 450/3 | €10,151 | €11,110 | +€959 | +9.5% |
| Remuneration and social security | 454/9 | - | €644 | +€644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,716 | €7,940 | +€1,224 | +18.2% |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | €71,862 | €91,935 | +€20,073 | +27.9% |
| Operating profit (loss) | 9901 | €64,746 | €83,596 | +€18,849 | +29.1% |
| Financial income | 75/76B | €4,164 | €5,128 | +€964 | +23.2% |
| Recurring financial income | 75 | €4,164 | €5,128 | +€964 | +23.2% |
| Financial charges | 65/66B | €2,694 | €717 | -€1,976 | -73.4% |
| Recurring financial charges | 65 | €2,694 | €717 | -€1,976 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €66,217 | €88,006 | +€21,790 | +32.9% |
| Income taxes | 67/77 | €21,384 | €28,454 | +€7,070 | +33.1% |
| Profit (loss) for the period | 9904 | €44,833 | €59,552 | +€14,720 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,833 | €59,552 | +€14,720 | +32.8% |
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 7 October 2026 via checked.be.