GENEX: 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.
GENEX
Largest movements
- Cash +€49,225
up €49,225 (+37.2%), from €132,459 to €181,684
mainly Net result for the year (+€26,914) and Other debts (+€19,772)
- Tangible fixed assets -€14,317
down €14,317 (-16.5%), from €86,614 to €72,297
of which Other tangible fixed assets: -€11,290
- Profit (loss) carried forward +€26,914
up €26,914 (+30.9%), from €87,152 to €114,065
- Other debts +€19,772
up €19,772 (+22.2%), from €88,982 to €108,754
- Short-term financial debts -€14,784
down €14,784 (-100%), from €14,784 to €0
- Gross operating margin +€20,295
up €20,295 (+62.8%), from €32,330 to €52,625
- Taxes +€6,150
up €6,150 (+180%), from €3,410 to €9,560
- Financial income +€1,355
up €1,355 (+98.9%), from €1,370 to €2,725
- Financial charges -€1,188
down €1,188 (-30.3%), from €3,925 to €2,737
- Depreciation -€951
down €951 (-5.8%), from €16,323 to €15,372
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 | €265,679 | €301,887 | +€36,208 | +13.6% |
| Fixed assets | 21/28 | €86,689 | €72,372 | -€14,317 | -16.5% |
| Tangible fixed assets | 22/27 | €86,614 | €72,297 | -€14,317 | -16.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,815 | €3,787 | -€3,028 | -44.4% |
| Other tangible fixed assets | 26 | €79,799 | €68,509 | -€11,290 | -14.1% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €178,990 | €229,515 | +€50,525 | +28.2% |
| Amounts receivable within one year | 40/41 | €42,067 | €43,506 | +€1,439 | +3.4% |
| Trade receivables | 40 | €35,477 | €43,506 | +€8,028 | +22.6% |
| Other amounts receivable | 41 | €6,590 | €0 | -€6,590 | -100% |
| Cash at bank and in hand | 54/58 | €132,459 | €181,684 | +€49,225 | +37.2% |
| Deferred charges and accrued income | 490/1 | €4,464 | €4,326 | -€138 | -3.1% |
| Total equity and liabilities | 10/49 | €265,679 | €301,887 | +€36,208 | +13.6% |
| Equity | 10/15 | €155,352 | €182,265 | +€26,914 | +17.3% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,152 | €114,065 | +€26,914 | +30.9% |
| Amounts payable | 17/49 | €110,327 | €119,622 | +€9,295 | +8.4% |
| Amounts payable within one year | 42/48 | €108,999 | €119,413 | +€10,414 | +9.6% |
| Financial debts | 43 | €14,784 | €0 | -€14,784 | -100% |
| Other loans | 439 | €14,784 | €0 | -€14,784 | -100% |
| Trade debts | 44 | €4,558 | €7,075 | +€2,517 | +55.2% |
| Suppliers | 440/4 | €4,558 | €7,075 | +€2,517 | +55.2% |
| Taxes, remuneration and social security | 45 | €675 | €3,585 | +€2,910 | +431% |
| Taxes | 450/3 | €675 | €3,585 | +€2,910 | +431% |
| Other amounts payable | 47/48 | €88,982 | €108,754 | +€19,772 | +22.2% |
| Accrued charges and deferred income | 492/3 | €1,328 | €209 | -€1,119 | -84.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,323 | €15,372 | -€951 | -5.8% |
| Other operating charges | 640/8 | €956 | €767 | -€190 | -19.8% |
| Gross operating margin | 9900 | €32,330 | €52,625 | +€20,295 | +62.8% |
| Operating profit (loss) | 9901 | €15,050 | €36,486 | +€21,436 | +142% |
| Financial income | 75/76B | €1,370 | €2,725 | +€1,355 | +98.9% |
| Recurring financial income | 75 | €1,370 | €2,725 | +€1,355 | +98.9% |
| Financial charges | 65/66B | €3,925 | €2,737 | -€1,188 | -30.3% |
| Recurring financial charges | 65 | €3,925 | €2,737 | -€1,188 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €12,494 | €36,473 | +€23,979 | +192% |
| Income taxes | 67/77 | €3,410 | €9,560 | +€6,150 | +180% |
| Profit (loss) for the period | 9904 | €9,084 | €26,914 | +€17,829 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €9,084 | €26,914 | +€17,829 | +196% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.