GENEROSI: 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.
GENEROSI
Largest movements
- Financial fixed assets -€63,361
down €63,361 (-98.4%), from €64,362 to €1,001
- Cash +€61,354
up €61,354 (+55.4%), from €110,734 to €172,088
mainly Net result for the year (+€60,558) and Investment in fixed assets (net) (+€51,641)
- Receivables within one year -€8,801
down €8,801 (-33.8%), from €26,006 to €17,205
of which Trade receivables: -€8,801
- Reserves -€10,030
down €10,030 (-10.2%), from €98,146 to €88,116
- Debts after one year +€4,778
up €4,778 (+24.8%), from €19,299 to €24,077
- Current portion of long-term debt -€4,530
down €4,530 (-32.4%), from €13,979 to €9,450
- Gross operating margin +€12,535
up €12,535 (+14.1%), from €88,690 to €101,225
- Depreciation -€5,838
down €5,838 (-34.8%), from €16,791 to €10,953
- Taxes +€3,572
up €3,572 (+24.1%), from €14,809 to €18,381
- Financial income -€3,294
down €3,294 (-99.7%), from €3,303 to €9
- Other operating charges +€1,420
up €1,420 (+79.2%), from €1,794 to €3,215
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 | €259,012 | €249,905 | -€9,107 | -3.5% |
| Fixed assets | 21/28 | €118,063 | €55,470 | -€62,594 | -53.0% |
| Tangible fixed assets | 22/27 | €53,702 | €54,469 | +€767 | +1.4% |
| Furniture and vehicles | 24 | €4,201 | €4,113 | -€87 | -2.1% |
| Leasing and similar rights | 25 | €38,047 | €41,009 | +€2,961 | +7.8% |
| Other tangible fixed assets | 26 | €11,454 | €9,347 | -€2,107 | -18.4% |
| Financial fixed assets | 28 | €64,362 | €1,001 | -€63,361 | -98.4% |
| Current assets | 29/58 | €140,948 | €194,435 | +€53,487 | +37.9% |
| Amounts receivable within one year | 40/41 | €26,006 | €17,205 | -€8,801 | -33.8% |
| Trade receivables | 40 | €25,815 | €17,014 | -€8,801 | -34.1% |
| Other amounts receivable | 41 | €191 | €191 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,734 | €172,088 | +€61,354 | +55.4% |
| Deferred charges and accrued income | 490/1 | €4,208 | €5,142 | +€934 | +22.2% |
| Total equity and liabilities | 10/49 | €259,012 | €249,905 | -€9,107 | -3.5% |
| Equity | 10/15 | €116,746 | €106,716 | -€10,030 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,146 | €88,116 | -€10,030 | -10.2% |
| Distributable reserves | 133 | €98,146 | €88,116 | -€10,030 | -10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,266 | €143,189 | +€923 | +0.6% |
| Amounts payable after more than one year | 17 | €19,299 | €24,077 | +€4,778 | +24.8% |
| Financial debts | 170/4 | €19,299 | €24,077 | +€4,778 | +24.8% |
| Amounts payable within one year | 42/48 | €122,967 | €119,112 | -€3,855 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €13,979 | €9,450 | -€4,530 | -32.4% |
| Trade debts | 44 | €3,671 | €2,980 | -€691 | -18.8% |
| Suppliers | 440/4 | €3,671 | €2,980 | -€691 | -18.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,645 | €11,011 | +€2,366 | +27.4% |
| Taxes | 450/3 | €8,645 | €11,011 | +€2,366 | +27.4% |
| Other amounts payable | 47/48 | €96,672 | €95,672 | -€1,000 | -1.0% |
| Non-recurring operating income | 76A | - | €16,786 | +€16,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,791 | €10,953 | -€5,838 | -34.8% |
| Other operating charges | 640/8 | €1,794 | €3,215 | +€1,420 | +79.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €88,690 | €101,225 | +€12,535 | +14.1% |
| Operating profit (loss) | 9901 | €70,104 | €87,056 | +€16,952 | +24.2% |
| Financial income | 75/76B | €3,303 | €9 | -€3,294 | -99.7% |
| Recurring financial income | 75 | €3,303 | €9 | -€3,294 | -99.7% |
| Financial charges | 65/66B | €6,971 | €8,126 | +€1,155 | +16.6% |
| Recurring financial charges | 65 | €6,971 | €8,126 | +€1,155 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €66,437 | €78,940 | +€12,503 | +18.8% |
| Income taxes | 67/77 | €14,809 | €18,381 | +€3,572 | +24.1% |
| Profit (loss) for the period | 9904 | €51,628 | €60,558 | +€8,930 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,628 | €60,558 | +€8,930 | +17.3% |
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 16 October 2026 via checked.be.