GENESIS 3C: 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 3C
Largest movements
- Receivables within one year +€725,647
up €725,647 (+2,554%), from €28,412 to €754,059
of which Other amounts receivable: +€678,147
- Cash +€75,588
up €75,588 (+694%), from €10,888 to €86,476
mainly Other debts (+€674,179) and Advances received (+€170,000)
- Tangible fixed assets -€55,984
down €55,984 (-2.9%), from €2.0m to €1.9m
- Financial fixed assets -€36,786
down €36,786 (-50.0%), from €73,571 to €36,786
- Other debts +€674,179
up €674,179 (+1,430%), from €47,161 to €721,341
- Advances received +€170,000
new in 2025: €170,000
- Debts after one year -€156,154
down €156,154 (-11.9%), from €1.3m to €1.2m
- Trade debts -€96,616
down €96,616 (-90.7%), from €106,498 to €9,882
- Short-term financial debts +€60,000
new in 2025: €60,000
- Financial charges +€61,613
up €61,613 (+284%), from €21,707 to €83,320
of which Non-recurring financial charges: +€36,786
- Gross operating margin -€16,322
down €16,322 (-9.6%), from €170,032 to €153,709
- Taxes -€14,057
down €14,057 (-53.3%), from €26,354 to €12,297
- Other operating charges +€8,639
up €8,639 (+546%), from €1,582 to €10,221
- Depreciation +€7,754
up €7,754 (+16.1%), from €48,229 to €55,984
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 | €2,064,228 | €2,773,601 | +€709,373 | +34.4% |
| Fixed assets | 21/28 | €2,024,928 | €1,932,159 | -€92,770 | -4.6% |
| Tangible fixed assets | 22/27 | €1,951,357 | €1,895,373 | -€55,984 | -2.9% |
| Land and buildings | 22 | €1,951,357 | €1,895,373 | -€55,984 | -2.9% |
| Financial fixed assets | 28 | €73,571 | €36,786 | -€36,786 | -50.0% |
| Current assets | 29/58 | €39,300 | €841,442 | +€802,142 | +2,041% |
| Amounts receivable within one year | 40/41 | €28,412 | €754,059 | +€725,647 | +2,554% |
| Trade receivables | 40 | €27,000 | €74,500 | +€47,500 | +176% |
| Other amounts receivable | 41 | €1,412 | €679,559 | +€678,147 | +48,036% |
| Cash at bank and in hand | 54/58 | €10,888 | €86,476 | +€75,588 | +694% |
| Deferred charges and accrued income | 490/1 | €0 | €907 | +€907 | |
| Total equity and liabilities | 10/49 | €2,064,228 | €2,773,601 | +€709,373 | +34.4% |
| Equity | 10/15 | €393,836 | €431,106 | +€37,271 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €274,975 | €274,975 | = | 0.0% |
| Distributable reserves | 133 | €274,975 | €274,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,653 | €72,737 | +€84 | +0.1% |
| Investment grants | 15 | €40,007 | €77,194 | +€37,187 | +92.9% |
| Amounts payable | 17/49 | €1,670,392 | €2,342,495 | +€672,102 | +40.2% |
| Amounts payable after more than one year | 17 | €1,312,481 | €1,156,327 | -€156,154 | -11.9% |
| Financial debts | 170/4 | €1,312,481 | €1,156,327 | -€156,154 | -11.9% |
| Amounts payable within one year | 42/48 | €356,326 | €1,164,220 | +€807,893 | +227% |
| Current portion of amounts payable after more than one year | 42 | €170,961 | €172,532 | +€1,571 | +0.9% |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €106,498 | €9,882 | -€96,616 | -90.7% |
| Suppliers | 440/4 | €106,498 | €9,882 | -€96,616 | -90.7% |
| Advances received on contracts in progress | 46 | - | €170,000 | +€170,000 | |
| Taxes, remuneration and social security | 45 | €31,706 | €30,465 | -€1,242 | -3.9% |
| Taxes | 450/3 | €31,706 | €30,465 | -€1,242 | -3.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €47,161 | €721,341 | +€674,179 | +1,430% |
| Accrued charges and deferred income | 492/3 | €1,585 | €21,948 | +€20,363 | +1,285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,229 | €55,984 | +€7,754 | +16.1% |
| Other operating charges | 640/8 | €1,582 | €10,221 | +€8,639 | +546% |
| Gross operating margin | 9900 | €170,032 | €153,709 | -€16,322 | -9.6% |
| Operating profit (loss) | 9901 | €120,220 | €87,504 | -€32,716 | -27.2% |
| Financial income | 75/76B | €1,369 | €8,196 | +€6,827 | +499% |
| Recurring financial income | 75 | €1,369 | €8,196 | +€6,827 | +499% |
| Financial charges | 65/66B | €21,707 | €83,320 | +€61,613 | +284% |
| Recurring financial charges | 65 | €21,707 | €46,534 | +€24,827 | +114% |
| Non-recurring financial charges | 66B | - | €36,786 | +€36,786 | |
| Profit (loss) for the period before taxes | 9903 | €99,883 | €12,381 | -€87,502 | -87.6% |
| Income taxes | 67/77 | €26,354 | €12,297 | -€14,057 | -53.3% |
| Profit (loss) for the period | 9904 | €73,528 | €84 | -€73,444 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,528 | €84 | -€73,444 | -99.9% |
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 14 October 2026 via checked.be.