GENERGON: 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.
GENERGON
Largest movements
- Receivables after one year +€4,528
up €4,528 (+452.8%), from €1,000 to €5,528
- Cash -€3,149
down €3,149 (-52.3%), from €6,020 to €2,871
mainly Investment in fixed assets (net) (-€4,545) and Receivables after one year (-€4,528)
- Tangible fixed assets -€1,262
down €1,262 (-14.2%), from €8,875 to €7,613
- Receivables within one year -€1,125
down €1,125 (-12.4%), from €9,062 to €7,937
of which Trade receivables: -€1,125
- Profit (loss) carried forward -€2,422
down €2,422 (-21.2%), from -€11,434 to -€13,856
- Other debts +€1,444
up €1,444 (+172.8%), from €836 to €2,280
- Tax, wage and social debts -€441
down €441 (-11.8%), from €3,742 to €3,301
- Trade debts +€375
up €375 (+53.6%), from €699 to €1,074
- Gross operating margin +€7,236
up €7,236, from -€2,308 to €4,928
- Financial charges +€271
up €271 (+118.5%), from €229 to €500
- Depreciation +€54
up €54 (+0.9%), from €5,753 to €5,807
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 | €27,803 | €26,759 | -€1,044 | -3.8% |
| Fixed assets | 21/28 | €10,075 | €8,813 | -€1,262 | -12.5% |
| Tangible fixed assets | 22/27 | €8,875 | €7,613 | -€1,262 | -14.2% |
| Furniture and vehicles | 24 | €8,875 | €7,613 | -€1,262 | -14.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €17,729 | €17,947 | +€218 | +1.2% |
| Amounts receivable after more than one year | 29 | €1,000 | €5,528 | +€4,528 | +452.8% |
| Other amounts receivable | 291 | €1,000 | €5,528 | +€4,528 | +452.8% |
| Amounts receivable within one year | 40/41 | €9,062 | €7,937 | -€1,125 | -12.4% |
| Trade receivables | 40 | €9,002 | €7,877 | -€1,125 | -12.5% |
| Other amounts receivable | 41 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,020 | €2,871 | -€3,149 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,647 | €1,612 | -€35 | -2.2% |
| Total equity and liabilities | 10/49 | €27,803 | €26,759 | -€1,044 | -3.8% |
| Equity | 10/15 | €22,526 | €20,104 | -€2,422 | -10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,360 | €15,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,434 | -€13,856 | -€2,422 | -21.2% |
| Amounts payable | 17/49 | €5,277 | €6,655 | +€1,378 | +26.1% |
| Amounts payable within one year | 42/48 | €5,277 | €6,655 | +€1,378 | +26.1% |
| Trade debts | 44 | €699 | €1,074 | +€375 | +53.6% |
| Suppliers | 440/4 | €699 | €1,074 | +€375 | +53.6% |
| Taxes, remuneration and social security | 45 | €3,742 | €3,301 | -€441 | -11.8% |
| Taxes | 450/3 | €3,742 | €3,301 | -€441 | -11.8% |
| Other amounts payable | 47/48 | €836 | €2,280 | +€1,444 | +172.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,753 | €5,807 | +€54 | +0.9% |
| Other operating charges | 640/8 | €891 | €923 | +€31 | +3.5% |
| Gross operating margin | 9900 | -€2,308 | €4,928 | +€7,236 | |
| Operating profit (loss) | 9901 | -€8,952 | -€1,801 | +€7,151 | +79.9% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €229 | €500 | +€271 | +118.5% |
| Recurring financial charges | 65 | €229 | €500 | +€271 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,180 | -€2,273 | +€6,907 | +75.2% |
| Income taxes | 67/77 | €140 | €149 | +€9 | +6.3% |
| Profit (loss) for the period | 9904 | -€9,321 | -€2,422 | +€6,898 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,321 | -€2,422 | +€6,898 | +74.0% |
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 28 September 2026 via checked.be.