GENETELLO: 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.
GENETELLO
Largest movements
- Stocks and contracts +€271,553
new in 2025: €271,553
- Tangible fixed assets -€269,167
no longer reported in 2025 (was €269,167)
of which Land and buildings: -€259,649
- Cash -€117,063
down €117,063 (-97.5%), from €120,011 to €2,948
mainly Stocks and contracts (-€271,553) and Receivables within one year (-€78,687)
- Receivables within one year +€78,687
up €78,687 (+168.4%), from €46,735 to €125,421
- Tax, wage and social debts -€53,406
down €53,406 (-99.6%), from €53,646 to €240
- Current portion of long-term debt +€24,000
new in 2025: €24,000
- Gross operating margin -€232,670
down €232,670 (-99.6%), from €233,509 to €839
- Taxes -€73,534
down €73,534 (-99.8%), from €73,646 to €112
- Depreciation -€13,050
no longer reported in 2025 (was €13,050)
- Financial income -€5,124
no longer reported in 2025 (was €5,124)
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 | €641,913 | €604,331 | -€37,581 | -5.9% |
| Fixed assets | 21/28 | €269,316 | - | -€269,316 | |
| Tangible fixed assets | 22/27 | €269,167 | - | -€269,167 | |
| Land and buildings | 22 | €259,649 | - | -€259,649 | |
| Plant, machinery and equipment | 23 | €3,468 | - | -€3,468 | |
| Furniture and vehicles | 24 | €6,050 | - | -€6,050 | |
| Financial fixed assets | 28 | €149 | - | -€149 | |
| Current assets | 29/58 | €372,596 | €604,331 | +€231,735 | +62.2% |
| Amounts receivable after more than one year | 29 | €204,193 | €204,193 | = | 0.0% |
| Other amounts receivable | 291 | €204,193 | €204,193 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €271,553 | +€271,553 | |
| Stocks | 30/36 | - | €271,553 | +€271,553 | |
| Amounts receivable within one year | 40/41 | €46,735 | €125,421 | +€78,687 | +168.4% |
| Other amounts receivable | 41 | €46,735 | €125,421 | +€78,687 | +168.4% |
| Cash at bank and in hand | 54/58 | €120,011 | €2,948 | -€117,063 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,657 | €215 | -€1,442 | -87.0% |
| Total equity and liabilities | 10/49 | €641,913 | €604,331 | -€37,581 | -5.9% |
| Equity | 10/15 | €581,188 | €578,492 | -€2,695 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €517,052 | €517,052 | = | 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 | €510,852 | €510,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,136 | -€560 | -€2,695 | |
| Amounts payable | 17/49 | €60,725 | €25,839 | -€34,886 | -57.4% |
| Amounts payable within one year | 42/48 | €60,725 | €25,839 | -€34,886 | -57.4% |
| Current portion of amounts payable after more than one year | 42 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €7,079 | €1,599 | -€5,480 | -77.4% |
| Suppliers | 440/4 | €7,079 | €1,599 | -€5,480 | -77.4% |
| Taxes, remuneration and social security | 45 | €53,646 | €240 | -€53,406 | -99.6% |
| Taxes | 450/3 | €53,646 | €240 | -€53,406 | -99.6% |
| Non-recurring operating income | 76A | €104,029 | - | -€104,029 | |
| Remuneration, social security and pensions | 62 | - | €85 | +€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,050 | - | -€13,050 | |
| Other operating charges | 640/8 | €3,542 | €3,160 | -€381 | -10.8% |
| Gross operating margin | 9900 | €233,509 | €839 | -€232,670 | -99.6% |
| Operating profit (loss) | 9901 | €216,917 | -€2,406 | -€219,323 | |
| Financial income | 75/76B | €5,124 | - | -€5,124 | |
| Recurring financial income | 75 | €5,124 | - | -€5,124 | |
| Financial charges | 65/66B | €937 | €177 | -€759 | -81.1% |
| Recurring financial charges | 65 | €937 | €177 | -€759 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €221,105 | -€2,584 | -€223,688 | |
| Income taxes | 67/77 | €73,646 | €112 | -€73,534 | -99.8% |
| Profit (loss) for the period | 9904 | €147,458 | -€2,695 | -€150,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,458 | -€2,695 | -€150,154 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.