GENESIS PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Stocks and contracts -€431,907
down €431,907 (-37.5%), from €1.2m to €720,866
- Receivables within one year +€104,594
up €104,594 (+62.0%), from €168,622 to €273,216
of which Trade receivables: +€108,616
- Short-term financial debts -€568,579
down €568,579 (-50.2%), from €1.1m to €564,342
- Other debts +€126,344
up €126,344 (+9.0%), from €1.4m to €1.5m
- Profit (loss) carried forward +€103,084
up €103,084 (+31.2%), from -€330,837 to -€227,753
- Gross operating margin +€11,558
up €11,558 (+5.4%), from €213,445 to €225,004
- Financial charges +€3,869
up €3,869 (+3.6%), from €107,520 to €111,390
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 | €2,233,175 | €1,894,553 | -€338,622 | -15.2% |
| Fixed assets | 21/28 | €907,650 | €898,731 | -€8,919 | -1.0% |
| Intangible fixed assets | 21 | €93 | - | -€93 | |
| Tangible fixed assets | 22/27 | €103,518 | €94,692 | -€8,826 | -8.5% |
| Land and buildings | 22 | €103,518 | €94,692 | -€8,826 | -8.5% |
| Financial fixed assets | 28 | €804,039 | €804,039 | = | 0.0% |
| Current assets | 29/58 | €1,325,526 | €995,822 | -€329,703 | -24.9% |
| Stocks and contracts in progress | 3 | €1,152,773 | €720,866 | -€431,907 | -37.5% |
| Stocks | 30/36 | €1,152,773 | €720,866 | -€431,907 | -37.5% |
| Amounts receivable within one year | 40/41 | €168,622 | €273,216 | +€104,594 | +62.0% |
| Trade receivables | 40 | €45,230 | €153,846 | +€108,616 | +240.1% |
| Other amounts receivable | 41 | €123,392 | €119,370 | -€4,022 | -3.3% |
| Cash at bank and in hand | 54/58 | €4,131 | €1,741 | -€2,390 | -57.9% |
| Total equity and liabilities | 10/49 | €2,233,175 | €1,894,553 | -€338,622 | -15.2% |
| Equity | 10/15 | -€305,688 | -€202,604 | +€103,084 | +33.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €149 | €149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149 | €149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €149 | €149 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,837 | -€227,753 | +€103,084 | +31.2% |
| Amounts payable | 17/49 | €2,538,863 | €2,097,157 | -€441,706 | -17.4% |
| Amounts payable within one year | 42/48 | €2,538,863 | €2,097,157 | -€441,706 | -17.4% |
| Financial debts | 43 | €1,132,921 | €564,342 | -€568,579 | -50.2% |
| Credit institutions | 430/8 | €1,132,921 | €564,342 | -€568,579 | -50.2% |
| Trade debts | 44 | €4,248 | €5,351 | +€1,103 | +26.0% |
| Suppliers | 440/4 | €4,248 | €5,351 | +€1,103 | +26.0% |
| Taxes, remuneration and social security | 45 | €651 | €76 | -€575 | -88.4% |
| Taxes | 450/3 | €651 | €76 | -€575 | -88.4% |
| Other amounts payable | 47/48 | €1,401,044 | €1,527,388 | +€126,344 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,444 | €8,919 | -€525 | -5.6% |
| Other operating charges | 640/8 | €1,100 | €1,611 | +€511 | +46.5% |
| Gross operating margin | 9900 | €213,445 | €225,004 | +€11,558 | +5.4% |
| Operating profit (loss) | 9901 | €202,902 | €214,474 | +€11,572 | +5.7% |
| Financial income | 75/76B | €41 | - | -€41 | |
| Recurring financial income | 75 | €41 | - | -€41 | |
| Financial charges | 65/66B | €107,520 | €111,390 | +€3,869 | +3.6% |
| Recurring financial charges | 65 | €107,520 | €111,390 | +€3,869 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €95,423 | €103,084 | +€7,661 | +8.0% |
| Profit (loss) for the period | 9904 | €95,423 | €103,084 | +€7,661 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,423 | €103,084 | +€7,661 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.