GENETEC: 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.
What changed
GENETEC
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €1.1m+€2.3m
Equity
€11.3m
2024 · €9.0m+€2.3m
Cash
€2.7m
2024 · €672,285+€2.1m
Balance sheet total
€32.7m
2024 · €31.8m+€876,622
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+307%), from €672,285 to €2.7m
mainly Net result for the year (+€3.4m) and Stocks and contracts (+€1.1m)
- Stocks and contracts -€1.1m
down €1.1m (-14.8%), from €7.4m to €6.3m
of which Contracts in progress: -€863,549
Equity and liabilities
- Profit (loss) carried forward +€2.3m
up €2.3m (+41.9%), from €5.6m to €7.9m
- Accrued charges and deferred income -€1.4m
down €1.4m (-9.7%), from €14.0m to €12.6m
- Other debts -€1.1m
down €1.1m (-52.2%), from €2.1m to €996,724
- Advances received +€683,122
new in 2025: €683,122
Income statement
- Goods and materials -€4.9m
down €4.9m (-28.4%), from €17.3m to €12.4m
of which Purchases: -€4.1m
- Turnover +€1.5m
up €1.5m (+5.7%), from €26.4m to €27.9m
- Taxes +€329,382
up €329,382 (+105%), from €313,990 to €643,372
of which Taxes: +€645,683
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.
Result 2024
€1.1m
Turnover
+€1.5m
Other operating income
-€21,673
Goods and materials
+€4.9m
Services and other goods
-€230,639
Staff costs
-€88,293
Depreciation
+€55,771
Write-downs
+€159,723
Provisions
-€50,019
Other operating charges
+€41,755
Other operating items
-€3.6m
Financial income
+€4,107
Financial charges
+€7,252
Taxes
-€329,382
Result 2025
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.0m
Investment
-€906,392
Financing
-€1.1m
Cash 2024
€672,285
From operations (derived)
+€4.0m
Net result for the year
+€3.4m
Depreciation
+€764,333
Stocks and contracts
+€1.1m
Receivables within one year
+€4,677
Deferred charges and accrued income
+€228,243
Provisions
-€142,311
Trade debts
+€184,172
Tax, wage and social debts
+€262,660
Advances received
+€683,122
Other debts
-€1.1m
Accrued charges and deferred income
-€1.4m
Investment (derived)
-€906,392
Investment in fixed assets (net)
-€620,615
Current investments
-€285,777
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,841,292 | €32,717,913 | +€876,622 | +2.8% |
| Fixed assets | 21/28 | €2,248,304 | €2,104,586 | -€143,718 | -6.4% |
| Tangible fixed assets | 22/27 | €1,717,241 | €1,573,201 | -€144,040 | -8.4% |
| Plant, machinery and equipment | 23 | €476,863 | €435,098 | -€41,765 | -8.8% |
| Furniture and vehicles | 24 | €1,240,378 | €1,138,102 | -€102,275 | -8.2% |
| Financial fixed assets | 28 | €531,063 | €531,385 | +€322 | +0.1% |
| Companies linked by participating interests | 282/3 | €46,400 | €46,400 | = | 0.0% |
| Participating interests | 282 | €46,400 | €46,400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €484,663 | €484,985 | +€322 | +0.1% |
| Shares | 284 | €248 | €1,066 | +€818 | +330% |
| Amounts receivable and cash guarantees | 285/8 | €484,415 | €483,919 | -€496 | -0.1% |
| Current assets | 29/58 | €29,592,988 | €30,613,327 | +€1.0m | +3.4% |
| Stocks and contracts in progress | 3 | €7,395,520 | €6,301,037 | -€1.1m | -14.8% |
| Stocks | 30/36 | €1,303,350 | €1,072,416 | -€230,934 | -17.7% |
| Goods purchased for resale | 34 | €1,303,350 | €1,072,416 | -€230,934 | -17.7% |
| Contracts in progress | 37 | €6,092,170 | €5,228,621 | -€863,549 | -14.2% |
| Amounts receivable within one year | 40/41 | €11,370,288 | €11,365,611 | -€4,677 | 0.0% |
| Trade receivables | 40 | €10,318,459 | €10,013,045 | -€305,414 | -3.0% |
| Other amounts receivable | 41 | €1,051,829 | €1,352,565 | +€300,737 | +28.6% |
| Current investments | 50/53 | €9,876,880 | €10,162,657 | +€285,777 | +2.9% |
| Other investments | 51/53 | €9,876,880 | €10,162,657 | +€285,777 | +2.9% |
| Cash at bank and in hand | 54/58 | €672,285 | €2,734,250 | +€2.1m | +307% |
| Deferred charges and accrued income | 490/1 | €278,015 | €49,772 | -€228,243 | -82.1% |
| Total equity and liabilities | 10/49 | €31,841,292 | €32,717,913 | +€876,622 | +2.8% |
| Equity | 10/15 | €8,998,421 | €11,338,018 | +€2.3m | +26.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €2,415,500 | €2,415,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,578,750 | €947,250 | -€631,500 | -40.0% |
| Distributable reserves | 133 | €736,750 | €1,368,250 | +€631,500 | +85.7% |
| Profit (loss) carried forward | 14 | €5,582,821 | €7,922,507 | +€2.3m | +41.9% |
| Investment grants | 15 | €100 | €11 | -€89 | -88.7% |
| Provisions and deferred taxes | 16 | €185,282 | €42,971 | -€142,311 | -76.8% |
| Provisions for liabilities and charges | 160/5 | €185,282 | €42,971 | -€142,311 | -76.8% |
| Environmental obligations | 163 | €9,103 | €3,480 | -€5,623 | -61.8% |
| Other liabilities and charges | 164/5 | €176,179 | €39,491 | -€136,688 | -77.6% |
| Amounts payable | 17/49 | €22,657,589 | €21,336,924 | -€1.3m | -5.8% |
| Amounts payable within one year | 42/48 | €8,657,096 | €8,696,449 | +€39,353 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,371,622 | €5,555,794 | +€184,172 | +3.4% |
| Suppliers | 440/4 | €5,371,622 | €5,555,794 | +€184,172 | +3.4% |
| Advances received on contracts in progress | 46 | - | €683,122 | +€683,122 | |
| Taxes, remuneration and social security | 45 | €1,198,150 | €1,460,810 | +€262,660 | +21.9% |
| Taxes | 450/3 | €301,376 | €597,337 | +€295,961 | +98.2% |
| Remuneration and social security | 454/9 | €896,774 | €863,473 | -€33,301 | -3.7% |
| Other amounts payable | 47/48 | €2,087,324 | €996,724 | -€1.1m | -52.2% |
| Accrued charges and deferred income | 492/3 | €14,000,493 | €12,640,475 | -€1.4m | -9.7% |
| Operating income | 70/76A | €29,454,626 | €27,327,502 | -€2.1m | -7.2% |
| Turnover | 70 | €26,422,190 | €27,918,897 | +€1.5m | +5.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,753,282 | -€859,089 | -€3.6m | |
| Other operating income | 74 | €279,154 | €257,481 | -€21,673 | -7.8% |
| Non-recurring operating income | 76A | - | €10,213 | +€10,213 | |
| Operating charges | 60/66A | €28,386,030 | €23,602,062 | -€4.8m | -16.9% |
| Goods for resale, raw materials and consumables | 60 | €17,274,209 | €12,376,180 | -€4.9m | -28.4% |
| Purchases | 600/8 | €16,289,116 | €12,155,839 | -€4.1m | -25.4% |
| Change in stocks: decrease (increase) | 609 | €985,093 | €220,341 | -€764,752 | -77.6% |
| Services and other goods | 61 | €3,434,101 | €3,664,740 | +€230,639 | +6.7% |
| Remuneration, social security and pensions | 62 | €6,572,519 | €6,660,812 | +€88,293 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €820,104 | €764,333 | -€55,771 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €272,745 | €113,022 | -€159,723 | -58.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€192,330 | -€142,311 | +€50,019 | +26.0% |
| Other operating charges | 640/8 | €198,081 | €156,326 | -€41,755 | -21.1% |
| Non-recurring operating charges | 66A | €6,601 | €8,960 | +€2,359 | +35.7% |
| Operating profit (loss) | 9901 | €1,068,596 | €3,725,440 | +€2.7m | +249% |
| Financial income | 75/76B | €346,512 | €350,619 | +€4,107 | +1.2% |
| Recurring financial income | 75 | €346,512 | €350,619 | +€4,107 | +1.2% |
| Income from financial fixed assets | 750 | €305,643 | €349,808 | +€44,166 | +14.5% |
| Other financial income | 752/9 | €40,869 | €810 | -€40,059 | -98.0% |
| Financial charges | 65/66B | €33,924 | €26,672 | -€7,252 | -21.4% |
| Recurring financial charges | 65 | €33,924 | €26,672 | -€7,252 | -21.4% |
| Debt charges | 650 | €347 | €350 | +€3 | +0.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €33,576 | €26,322 | -€7,254 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €1,381,185 | €4,049,387 | +€2.7m | +193% |
| Income taxes | 67/77 | €313,990 | €643,372 | +€329,382 | +105% |
| Taxes | 670/3 | €341,719 | €987,402 | +€645,683 | +189% |
| Tax adjustments and reversals of tax provisions | 77 | €27,729 | €344,030 | +€316,301 | +1,141% |
| Profit (loss) for the period | 9904 | €1,067,194 | €3,406,014 | +€2.3m | +219% |
| Transfer from tax-exempt reserves | 789 | €315,750 | €0 | -€315,750 | -100% |
| Transfer to tax-exempt reserves | 689 | €631,500 | €0 | -€631,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €751,444 | €3,406,014 | +€2.7m | +353% |
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.