GENESIS: 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.
GENESIS
Largest movements
- Receivables within one year +€14,687
up €14,687 (+79.8%), from €18,394 to €33,081
of which Trade receivables: +€14,704
- Cash -€13,470
down €13,470 (-68.4%), from €19,696 to €6,226
mainly Receivables within one year (-€14,687) and Tax, wage and social debts (-€7,230)
- Tangible fixed assets +€2,353
new in 2025: €2,353
- Other debts +€10,566
up €10,566 (+10.6%), from €99,427 to €109,993
- Tax, wage and social debts -€7,230
down €7,230 (-60.9%), from €11,876 to €4,646
- Profit (loss) carried forward +€5,525
up €5,525 (+5.5%), from -€100,355 to -€94,830
- Trade debts -€5,291
down €5,291 (-61.9%), from €8,542 to €3,251
- Gross operating margin +€16,230
up €16,230, from -€2,593 to €13,637
- Financial charges -€1,077
down €1,077 (-13.4%), from €8,011 to €6,935
- Depreciation +€572
new in 2025: €572
- Other operating charges +€437
up €437 (+260.4%), from €168 to €605
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 | €38,090 | €41,660 | +€3,570 | +9.4% |
| Fixed assets | 21/28 | - | €2,353 | +€2,353 | |
| Tangible fixed assets | 22/27 | - | €2,353 | +€2,353 | |
| Other tangible fixed assets | 26 | - | €2,353 | +€2,353 | |
| Current assets | 29/58 | €38,090 | €39,307 | +€1,217 | +3.2% |
| Amounts receivable within one year | 40/41 | €18,394 | €33,081 | +€14,687 | +79.8% |
| Trade receivables | 40 | €18,061 | €32,766 | +€14,704 | +81.4% |
| Other amounts receivable | 41 | €333 | €315 | -€18 | -5.3% |
| Cash at bank and in hand | 54/58 | €19,696 | €6,226 | -€13,470 | -68.4% |
| Total equity and liabilities | 10/49 | €38,090 | €41,660 | +€3,570 | +9.4% |
| Equity | 10/15 | -€81,755 | -€76,230 | +€5,525 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,355 | -€94,830 | +€5,525 | +5.5% |
| Amounts payable | 17/49 | €119,845 | €117,890 | -€1,955 | -1.6% |
| Amounts payable within one year | 42/48 | €119,845 | €117,890 | -€1,955 | -1.6% |
| Trade debts | 44 | €8,542 | €3,251 | -€5,291 | -61.9% |
| Suppliers | 440/4 | €8,542 | €3,251 | -€5,291 | -61.9% |
| Taxes, remuneration and social security | 45 | €11,876 | €4,646 | -€7,230 | -60.9% |
| Taxes | 450/3 | €11,876 | €4,646 | -€7,230 | -60.9% |
| Other amounts payable | 47/48 | €99,427 | €109,993 | +€10,566 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €572 | +€572 | |
| Other operating charges | 640/8 | €168 | €605 | +€437 | +260.4% |
| Gross operating margin | 9900 | -€2,593 | €13,637 | +€16,230 | |
| Operating profit (loss) | 9901 | -€2,761 | €12,460 | +€15,220 | |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €8,011 | €6,935 | -€1,077 | -13.4% |
| Recurring financial charges | 65 | €8,011 | €6,935 | -€1,077 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,749 | €5,525 | +€16,274 | |
| Profit (loss) for the period | 9904 | -€10,749 | €5,525 | +€16,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,749 | €5,525 | +€16,274 |
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 12 October 2026 via checked.be.