GENERICA: 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.
GENERICA
Largest movements
- Receivables within one year +€87,780
up €87,780 (+22.1%), from €397,574 to €485,354
of which Other amounts receivable: +€81,832
- Tangible fixed assets -€39,047
down €39,047 (-7.4%), from €528,667 to €489,621
of which Land and buildings: -€38,001
- Cash +€11,827
up €11,827 (+72.5%), from €16,304 to €28,130
mainly Short-term financial debts (+€87,500) and Depreciation (+€39,047)
- Short-term financial debts +€87,500
up €87,500 (+34.3%), from €255,000 to €342,500
- Debts after one year -€42,148
down €42,148 (-10.7%), from €392,806 to €350,658
of which Financial debts: -€42,148
- Trade debts +€14,841
up €14,841 (+80.9%), from €18,353 to €33,193
- Profit (loss) carried forward +€13,389
up €13,389 (+9.1%), from €146,965 to €160,354
- Tax, wage and social debts -€11,354
down €11,354 (-62.8%), from €18,091 to €6,737
- Gross operating margin +€19,034
up €19,034 (+23.5%), from €81,152 to €100,185
- Other operating charges +€7,107
up €7,107 (+34.8%), from €20,413 to €27,520
- Financial charges +€3,406
up €3,406 (+11.8%), from €28,914 to €32,320
- Taxes +€2,338
up €2,338 (+77.4%), from €3,021 to €5,360
- Depreciation -€1,850
down €1,850 (-4.5%), from €40,897 to €39,047
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 | €945,746 | €1,005,578 | +€59,832 | +6.3% |
| Fixed assets | 21/28 | €529,337 | €490,290 | -€39,047 | -7.4% |
| Tangible fixed assets | 22/27 | €528,667 | €489,621 | -€39,047 | -7.4% |
| Land and buildings | 22 | €526,117 | €488,116 | -€38,001 | -7.2% |
| Furniture and vehicles | 24 | €2,551 | €1,505 | -€1,046 | -41.0% |
| Financial fixed assets | 28 | €669 | €669 | = | 0.0% |
| Current assets | 29/58 | €416,409 | €515,287 | +€98,878 | +23.7% |
| Amounts receivable within one year | 40/41 | €397,574 | €485,354 | +€87,780 | +22.1% |
| Trade receivables | 40 | - | €5,949 | +€5,949 | |
| Other amounts receivable | 41 | €397,574 | €479,406 | +€81,832 | +20.6% |
| Cash at bank and in hand | 54/58 | €16,304 | €28,130 | +€11,827 | +72.5% |
| Deferred charges and accrued income | 490/1 | €2,531 | €1,803 | -€729 | -28.8% |
| Total equity and liabilities | 10/49 | €945,746 | €1,005,578 | +€59,832 | +6.3% |
| Equity | 10/15 | €215,715 | €229,104 | +€13,389 | +6.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,965 | €160,354 | +€13,389 | +9.1% |
| Amounts payable | 17/49 | €730,031 | €776,473 | +€46,442 | +6.4% |
| Amounts payable after more than one year | 17 | €392,806 | €350,658 | -€42,148 | -10.7% |
| Financial debts | 170/4 | €328,579 | €286,431 | -€42,148 | -12.8% |
| Other amounts payable | 178/9 | €64,227 | €64,227 | = | 0.0% |
| Amounts payable within one year | 42/48 | €337,225 | €425,815 | +€88,590 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €44,760 | €42,148 | -€2,612 | -5.8% |
| Financial debts | 43 | €255,000 | €342,500 | +€87,500 | +34.3% |
| Credit institutions | 430/8 | €255,000 | €342,500 | +€87,500 | +34.3% |
| Trade debts | 44 | €18,353 | €33,193 | +€14,841 | +80.9% |
| Suppliers | 440/4 | €18,353 | €33,193 | +€14,841 | +80.9% |
| Taxes, remuneration and social security | 45 | €18,091 | €6,737 | -€11,354 | -62.8% |
| Taxes | 450/3 | €18,091 | €6,737 | -€11,354 | -62.8% |
| Other amounts payable | 47/48 | €1,021 | €1,237 | +€216 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,897 | €39,047 | -€1,850 | -4.5% |
| Other operating charges | 640/8 | €20,413 | €27,520 | +€7,107 | +34.8% |
| Gross operating margin | 9900 | €81,152 | €100,185 | +€19,034 | +23.5% |
| Operating profit (loss) | 9901 | €19,842 | €33,619 | +€13,777 | +69.4% |
| Financial income | 75/76B | €17,838 | €17,450 | -€388 | -2.2% |
| Recurring financial income | 75 | €17,838 | €17,450 | -€388 | -2.2% |
| Financial charges | 65/66B | €28,914 | €32,320 | +€3,406 | +11.8% |
| Recurring financial charges | 65 | €28,914 | €32,320 | +€3,406 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €8,766 | €18,749 | +€9,983 | +114% |
| Income taxes | 67/77 | €3,021 | €5,360 | +€2,338 | +77.4% |
| Profit (loss) for the period | 9904 | €5,745 | €13,389 | +€7,645 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €5,745 | €13,389 | +€7,645 | +133% |
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 18 October 2026 via checked.be.