GENESIS TECHNOLOGY: 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 TECHNOLOGY
Largest movements
- Receivables within one year +€103,719
up €103,719 (+11.9%), from €875,255 to €978,974
of which Other amounts receivable: +€93,557
- Deferred charges and accrued income +€52,147
up €52,147 (+47.2%), from €110,562 to €162,710
- Debts after one year +€122,252
up €122,252 (+4.3%), from €2.9m to €3.0m
of which Financial debts: +€122,252
- Current portion of long-term debt +€27,684
up €27,684 (+171.7%), from €16,123 to €43,807
- Profit (loss) carried forward +€26,199
up €26,199 (+1.0%), from -€2.6m to -€2.5m
- Other debts -€25,897
down €25,897 (-3.7%), from €696,984 to €671,088
- Depreciation -€63,224
down €63,224 (-69.5%), from €90,978 to €27,753
- Financial income +€9,365
up €9,365 (+22.2%), from €42,169 to €51,533
- Gross operating margin +€5,558
up €5,558 (+75.8%), from €7,335 to €12,893
- Financial charges -€3,304
down €3,304 (-31.4%), from €10,507 to €7,203
of which Non-recurring financial charges: -€9,523
- Other operating charges +€338
up €338 (+12.9%), from €2,629 to €2,967
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,751 | €1,381,385 | +€142,634 | +11.5% |
| Fixed assets | 21/28 | €248,061 | €239,041 | -€9,020 | -3.6% |
| Tangible fixed assets | 22/27 | €223,363 | €214,343 | -€9,020 | -4.0% |
| Land and buildings | 22 | €194,436 | €176,085 | -€18,351 | -9.4% |
| Plant, machinery and equipment | 23 | €28,522 | €38,257 | +€9,735 | +34.1% |
| Furniture and vehicles | 24 | €405 | - | -€405 | |
| Financial fixed assets | 28 | €24,698 | €24,698 | = | 0.0% |
| Current assets | 29/58 | €990,690 | €1,142,344 | +€151,654 | +15.3% |
| Amounts receivable within one year | 40/41 | €875,255 | €978,974 | +€103,719 | +11.9% |
| Trade receivables | 40 | €3,838 | €14,000 | +€10,162 | +264.8% |
| Other amounts receivable | 41 | €871,417 | €964,974 | +€93,557 | +10.7% |
| Cash at bank and in hand | 54/58 | €4,872 | €660 | -€4,212 | -86.5% |
| Deferred charges and accrued income | 490/1 | €110,562 | €162,710 | +€52,147 | +47.2% |
| Total equity and liabilities | 10/49 | €1,238,751 | €1,381,385 | +€142,634 | +11.5% |
| Equity | 10/15 | -€2,362,923 | -€2,336,724 | +€26,199 | +1.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €11,419 | €11,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,219 | €5,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,574,342 | -€2,548,143 | +€26,199 | +1.0% |
| Amounts payable | 17/49 | €3,601,674 | €3,718,109 | +€116,435 | +3.2% |
| Amounts payable after more than one year | 17 | €2,875,438 | €2,997,690 | +€122,252 | +4.3% |
| Financial debts | 170/4 | €5,438 | €127,690 | +€122,252 | +2248.1% |
| Other amounts payable | 178/9 | €2,870,000 | €2,870,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €726,236 | €720,419 | -€5,817 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €16,123 | €43,807 | +€27,684 | +171.7% |
| Trade debts | 44 | €13,086 | €4,948 | -€8,138 | -62.2% |
| Suppliers | 440/4 | €13,086 | €4,948 | -€8,138 | -62.2% |
| Taxes, remuneration and social security | 45 | €43 | €576 | +€534 | +1249.6% |
| Taxes | 450/3 | €43 | €576 | +€534 | +1249.6% |
| Other amounts payable | 47/48 | €696,984 | €671,088 | -€25,897 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,978 | €27,753 | -€63,224 | -69.5% |
| Other operating charges | 640/8 | €2,629 | €2,967 | +€338 | +12.9% |
| Gross operating margin | 9900 | €7,335 | €12,893 | +€5,558 | +75.8% |
| Operating profit (loss) | 9901 | -€86,272 | -€17,827 | +€68,444 | +79.3% |
| Financial income | 75/76B | €42,169 | €51,533 | +€9,365 | +22.2% |
| Recurring financial income | 75 | €42,169 | €51,533 | +€9,365 | +22.2% |
| Financial charges | 65/66B | €10,507 | €7,203 | -€3,304 | -31.4% |
| Recurring financial charges | 65 | €984 | €7,203 | +€6,218 | +631.7% |
| Non-recurring financial charges | 66B | €9,523 | - | -€9,523 | |
| Profit (loss) for the period before taxes | 9903 | -€54,610 | €26,504 | +€81,114 | |
| Income taxes | 67/77 | €285 | €304 | +€19 | +6.8% |
| Profit (loss) for the period | 9904 | -€54,895 | €26,199 | +€81,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,895 | €26,199 | +€81,094 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.