GENEROEK: 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.
GENEROEK
Largest movements
- Cash -€2.8m
down €2.8m (-94.2%), from €3.0m to €173,278
mainly Current investments (-€1.6m) and Provisions (-€553,435)
- Current investments +€1.6m
new in 2025: €1.6m
- Provisions -€553,435
down €553,435 (-100%), from €553,435 to €0
- Current portion of long-term debt -€537,600
down €537,600 (-100%), from €537,600 to €0
- Reserves -€422,007
down €422,007 (-20.5%), from €2.1m to €1.6m
of which Tax-exempt reserves: -€2.1m
- Profit (loss) carried forward +€341,479
up €341,479, from -€341,474 to €5
- Other debts -€66,788
down €66,788 (-87.0%), from €76,788 to €10,000
- Gross operating margin -€2.2m
down €2.2m (-94.6%), from €2.3m to €124,478
- Taxes +€796,521
up €796,521 (+975%), from €81,709 to €878,230
- Financial charges -€405,289
down €405,289 (-99.7%), from €406,649 to €1,361
of which Non-recurring financial charges: -€384,000
- Financial income +€120,424
up €120,424 (+9,666%), from €1,246 to €121,670
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 | €2,993,708 | €1,735,469 | -€1.3m | -42.0% |
| Current assets | 29/58 | €2,993,708 | €1,735,469 | -€1.3m | -42.0% |
| Amounts receivable within one year | 40/41 | €4,904 | €685 | -€4,218 | -86.0% |
| Other amounts receivable | 41 | €4,904 | €685 | -€4,218 | -86.0% |
| Current investments | 50/53 | - | €1,556,708 | +€1.6m | |
| Cash at bank and in hand | 54/58 | €2,988,804 | €173,278 | -€2.8m | -94.2% |
| Deferred charges and accrued income | 490/1 | - | €4,798 | +€4,798 | |
| Total equity and liabilities | 10/49 | €2,993,708 | €1,735,469 | -€1.3m | -42.0% |
| Equity | 10/15 | €1,759,984 | €1,679,456 | -€80,528 | -4.6% |
| Contributions | 10/11 | €40,550 | €40,550 | = | 0.0% |
| Reserves | 13 | €2,060,907 | €1,638,900 | -€422,007 | -20.5% |
| Tax-exempt reserves | 132 | €2,060,907 | €0 | -€2.1m | -100% |
| Distributable reserves | 133 | - | €1,638,900 | +€1.6m | |
| Profit (loss) carried forward | 14 | -€341,474 | €5 | +€341,479 | |
| Provisions and deferred taxes | 16 | €553,435 | €0 | -€553,435 | -100% |
| Deferred taxes | 168 | €553,435 | €0 | -€553,435 | -100% |
| Amounts payable | 17/49 | €680,290 | €56,014 | -€624,276 | -91.8% |
| Amounts payable within one year | 42/48 | €663,398 | €56,014 | -€607,384 | -91.6% |
| Current portion of amounts payable after more than one year | 42 | €537,600 | €0 | -€537,600 | -100% |
| Trade debts | 44 | €21,641 | €40 | -€21,601 | -99.8% |
| Suppliers | 440/4 | €21,641 | €40 | -€21,601 | -99.8% |
| Taxes, remuneration and social security | 45 | €27,369 | €45,974 | +€18,605 | +68.0% |
| Taxes | 450/3 | €10,363 | €38,067 | +€27,704 | +267% |
| Remuneration and social security | 454/9 | €17,006 | €7,907 | -€9,099 | -53.5% |
| Other amounts payable | 47/48 | €76,788 | €10,000 | -€66,788 | -87.0% |
| Accrued charges and deferred income | 492/3 | €16,892 | €0 | -€16,892 | -100% |
| Non-recurring operating income | 76A | €2,237,119 | €0 | -€2.2m | -100% |
| Other operating charges | 640/8 | €13,156 | €520 | -€12,637 | -96.0% |
| Gross operating margin | 9900 | €2,314,302 | €124,478 | -€2.2m | -94.6% |
| Operating profit (loss) | 9901 | €2,301,145 | €123,958 | -€2.2m | -94.6% |
| Financial income | 75/76B | €1,246 | €121,670 | +€120,424 | +9,666% |
| Recurring financial income | 75 | €1,246 | €121,670 | +€120,424 | +9,666% |
| Financial charges | 65/66B | €406,649 | €1,361 | -€405,289 | -99.7% |
| Recurring financial charges | 65 | €22,649 | €1,361 | -€21,289 | -94.0% |
| Non-recurring financial charges | 66B | €384,000 | €0 | -€384,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,895,742 | €244,268 | -€1.7m | -87.1% |
| Transfer from deferred taxes | 780 | €74,651 | €553,435 | +€478,784 | +641% |
| Transfer to deferred taxes | 680 | €553,435 | €0 | -€553,435 | -100% |
| Income taxes | 67/77 | €81,709 | €878,230 | +€796,521 | +975% |
| Profit (loss) for the period | 9904 | €1,335,248 | -€80,528 | -€1.4m | |
| Transfer from tax-exempt reserves | 789 | €220,103 | €2,060,907 | +€1.8m | +836% |
| Transfer to tax-exempt reserves | 689 | €1,971,280 | €0 | -€2.0m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€415,929 | €1,980,379 | +€2.4m |
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 25 October 2026 via checked.be.