GENESIS ALPINE: 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 ALPINE
Largest movements
- Stocks and contracts +€3,146
up €3,146 (+96.5%), from €3,259 to €6,405
- Tangible fixed assets -€2,459
down €2,459 (-100%), from €2,459 to €0
- Intangible fixed assets -€450
down €450 (-59.7%), from €754 to €304
- Cash -€439
down €439 (-89.8%), from €489 to €50
mainly Other debts (-€10,391) and Stocks and contracts (-€3,146)
- Other debts -€10,391
down €10,391 (-37.6%), from €27,671 to €17,280
- Trade debts +€8,676
up €8,676 (+223%), from €3,883 to €12,559
- Tax, wage and social debts +€840
up €840, from €0 to €840
- Profit (loss) carried forward +€704
up €704 (+1.9%), from -€37,155 to -€36,452
- Accrued charges and deferred income +€264
new in 2025: €264
- Gross operating margin +€5,389
up €5,389, from -€3,223 to €2,166
- Depreciation -€78
down €78 (-11.5%), from €678 to €601
- Financial charges +€74
up €74 (+107%), from €69 to €143
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 | €10,953 | €10,874 | -€79 | -0.7% |
| Fixed assets | 21/28 | €3,213 | €304 | -€2,909 | -90.5% |
| Intangible fixed assets | 21 | €754 | €304 | -€450 | -59.7% |
| Tangible fixed assets | 22/27 | €2,459 | €0 | -€2,459 | -100% |
| Furniture and vehicles | 24 | €2,459 | €0 | -€2,459 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €7,739 | €10,570 | +€2,831 | +36.6% |
| Stocks and contracts in progress | 3 | €3,259 | €6,405 | +€3,146 | +96.5% |
| Stocks | 30/36 | €3,259 | €6,405 | +€3,146 | +96.5% |
| Amounts receivable within one year | 40/41 | €3,992 | €4,069 | +€77 | +1.9% |
| Trade receivables | 40 | €3,195 | €3,526 | +€331 | +10.4% |
| Other amounts receivable | 41 | €797 | €543 | -€254 | -31.9% |
| Cash at bank and in hand | 54/58 | €489 | €50 | -€439 | -89.8% |
| Deferred charges and accrued income | 490/1 | €0 | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €10,953 | €10,874 | -€79 | -0.7% |
| Equity | 10/15 | -€20,772 | -€20,068 | +€704 | +3.4% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €183 | €183 | = | 0.0% |
| Distributable reserves | 133 | €183 | €183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,155 | -€36,452 | +€704 | +1.9% |
| Amounts payable | 17/49 | €31,725 | €30,943 | -€782 | -2.5% |
| Amounts payable within one year | 42/48 | €31,725 | €30,679 | -€1,046 | -3.3% |
| Financial debts | 43 | €171 | €0 | -€171 | -100% |
| Credit institutions | 430/8 | €171 | €0 | -€171 | -100% |
| Trade debts | 44 | €3,883 | €12,559 | +€8,676 | +223% |
| Suppliers | 440/4 | €3,883 | €12,559 | +€8,676 | +223% |
| Taxes, remuneration and social security | 45 | €0 | €840 | +€840 | |
| Taxes | 450/3 | €0 | €840 | +€840 | |
| Other amounts payable | 47/48 | €27,671 | €17,280 | -€10,391 | -37.6% |
| Accrued charges and deferred income | 492/3 | - | €264 | +€264 | |
| Non-recurring operating income | 76A | €0 | €5,691 | +€5,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €601 | -€78 | -11.5% |
| Other operating charges | 640/8 | €720 | €719 | -€1 | -0.2% |
| Gross operating margin | 9900 | -€3,223 | €2,166 | +€5,389 | |
| Operating profit (loss) | 9901 | -€4,622 | €846 | +€5,468 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €69 | €143 | +€74 | +107% |
| Recurring financial charges | 65 | €69 | €143 | +€74 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€4,691 | €704 | +€5,394 | |
| Profit (loss) for the period | 9904 | -€4,691 | €704 | +€5,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,691 | €704 | +€5,394 |
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 21 October 2026 via checked.be.