GENEVE: 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.
GENEVE
Largest movements
- Tangible fixed assets -€41,671
down €41,671 (-6.2%), from €677,376 to €635,705
of which Land and buildings: -€40,399
- Cash -€29,632
down €29,632 (-8.4%), from €353,699 to €324,067
mainly Receivables within one year (-€28,608) and Tax, wage and social debts (-€26,187)
- Receivables within one year +€28,608
up €28,608 (+97.6%), from €29,301 to €57,909
- Tax, wage and social debts -€26,187
down €26,187 (-97.7%), from €26,817 to €630
- Profit (loss) carried forward -€20,901
down €20,901, from €0 to -€20,901
- Gross operating margin -€812,515
down €812,515 (-96.1%), from €845,506 to €32,991
- Taxes -€251,196
down €251,196 (-99.7%), from €251,826 to €630
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 | €1,065,707 | €1,020,290 | -€45,417 | -4.3% |
| Fixed assets | 21/28 | €677,376 | €635,705 | -€41,671 | -6.2% |
| Tangible fixed assets | 22/27 | €677,376 | €635,705 | -€41,671 | -6.2% |
| Land and buildings | 22 | €659,875 | €619,476 | -€40,399 | -6.1% |
| Plant, machinery and equipment | 23 | €17,501 | €16,230 | -€1,272 | -7.3% |
| Current assets | 29/58 | €388,331 | €384,585 | -€3,745 | -1.0% |
| Amounts receivable within one year | 40/41 | €29,301 | €57,909 | +€28,608 | +97.6% |
| Other amounts receivable | 41 | €29,301 | €57,909 | +€28,608 | +97.6% |
| Cash at bank and in hand | 54/58 | €353,699 | €324,067 | -€29,632 | -8.4% |
| Deferred charges and accrued income | 490/1 | €5,330 | €2,609 | -€2,721 | -51.1% |
| Total equity and liabilities | 10/49 | €1,065,707 | €1,020,290 | -€45,417 | -4.3% |
| Equity | 10/15 | €1,038,100 | €1,017,199 | -€20,901 | -2.0% |
| Contributions | 10/11 | €146,672 | €146,672 | = | 0.0% |
| Reserves | 13 | €891,428 | €891,428 | = | 0.0% |
| Distributable reserves | 133 | €891,428 | €891,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,901 | -€20,901 | |
| Amounts payable | 17/49 | €27,607 | €3,092 | -€24,516 | -88.8% |
| Amounts payable within one year | 42/48 | €27,607 | €3,092 | -€24,516 | -88.8% |
| Trade debts | 44 | €790 | €2,462 | +€1,671 | +211% |
| Suppliers | 440/4 | €790 | €2,462 | +€1,671 | +211% |
| Taxes, remuneration and social security | 45 | €26,817 | €630 | -€26,187 | -97.7% |
| Taxes | 450/3 | €26,817 | €630 | -€26,187 | -97.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €794,986 | €0 | -€794,986 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,630 | €45,240 | -€6,389 | -12.4% |
| Other operating charges | 640/8 | €10,924 | €9,729 | -€1,195 | -10.9% |
| Non-recurring operating charges | 66A | €101 | €0 | -€101 | -100% |
| Gross operating margin | 9900 | €845,506 | €32,991 | -€812,515 | -96.1% |
| Operating profit (loss) | 9901 | €782,851 | -€21,978 | -€804,830 | |
| Financial income | 75/76B | €0 | €1,854 | +€1,854 | +4,634,100% |
| Recurring financial income | 75 | €0 | €1,854 | +€1,854 | +4,634,100% |
| Financial charges | 65/66B | €306 | €146 | -€159 | -52.1% |
| Recurring financial charges | 65 | €306 | €146 | -€159 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €782,546 | -€20,271 | -€802,817 | |
| Income taxes | 67/77 | €251,826 | €630 | -€251,196 | -99.7% |
| Profit (loss) for the period | 9904 | €530,719 | -€20,901 | -€551,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €530,719 | -€20,901 | -€551,620 |
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 17 October 2026 via checked.be.