GENEX - MED: 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 - MED
Largest movements
- Tangible fixed assets -€10,158
down €10,158 (-8.2%), from €123,730 to €113,572
of which Land and buildings: -€9,348
- Current portion of long-term debt -€10,062
down €10,062 (-72.6%), from €13,867 to €3,805
- Reserves +€10,000
up €10,000 (+3.6%), from €276,000 to €286,000
- Tax, wage and social debts -€6,929
down €6,929 (-33.4%), from €20,773 to €13,845
- Gross operating margin -€13,748
down €13,748 (-26.0%), from €52,835 to €39,087
- Taxes -€3,688
down €3,688 (-31.5%), from €11,718 to €8,030
- Other operating charges +€2,022
up €2,022 (+105%), from €1,933 to €3,955
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 | €427,091 | €418,611 | -€8,479 | -2.0% |
| Fixed assets | 21/28 | €123,769 | €113,611 | -€10,158 | -8.2% |
| Tangible fixed assets | 22/27 | €123,730 | €113,572 | -€10,158 | -8.2% |
| Land and buildings | 22 | €115,221 | €105,874 | -€9,348 | -8.1% |
| Furniture and vehicles | 24 | €8,508 | €7,698 | -€810 | -9.5% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €303,322 | €305,000 | +€1,678 | +0.6% |
| Amounts receivable within one year | 40/41 | €30,403 | €32,750 | +€2,347 | +7.7% |
| Trade receivables | 40 | €29,465 | €31,384 | +€1,919 | +6.5% |
| Other amounts receivable | 41 | €937 | €1,366 | +€428 | +45.7% |
| Current investments | 50/53 | €115,337 | €115,337 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €154,996 | €153,694 | -€1,302 | -0.8% |
| Deferred charges and accrued income | 490/1 | €2,586 | €3,219 | +€634 | +24.5% |
| Total equity and liabilities | 10/49 | €427,091 | €418,611 | -€8,479 | -2.0% |
| Equity | 10/15 | €331,598 | €343,031 | +€11,433 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €276,000 | €286,000 | +€10,000 | +3.6% |
| Distributable reserves | 133 | €276,000 | €286,000 | +€10,000 | +3.6% |
| Profit (loss) carried forward | 14 | €35,598 | €37,031 | +€1,433 | +4.0% |
| Amounts payable | 17/49 | €95,493 | €75,580 | -€19,912 | -20.9% |
| Amounts payable after more than one year | 17 | €3,073 | - | -€3,073 | |
| Financial debts | 170/4 | €3,073 | - | -€3,073 | |
| Amounts payable within one year | 42/48 | €92,420 | €75,580 | -€16,839 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €13,867 | €3,805 | -€10,062 | -72.6% |
| Trade debts | 44 | €7,463 | €10,684 | +€3,221 | +43.2% |
| Suppliers | 440/4 | €7,463 | €10,684 | +€3,221 | +43.2% |
| Advances received on contracts in progress | 46 | €49,708 | €46,822 | -€2,886 | -5.8% |
| Taxes, remuneration and social security | 45 | €20,773 | €13,845 | -€6,929 | -33.4% |
| Taxes | 450/3 | €20,773 | €13,845 | -€6,929 | -33.4% |
| Other amounts payable | 47/48 | €607 | €424 | -€183 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,045 | €14,849 | -€196 | -1.3% |
| Other operating charges | 640/8 | €1,933 | €3,955 | +€2,022 | +105% |
| Gross operating margin | 9900 | €52,835 | €39,087 | -€13,748 | -26.0% |
| Operating profit (loss) | 9901 | €35,858 | €20,283 | -€15,575 | -43.4% |
| Financial income | 75/76B | €578 | €578 | = | 0.0% |
| Recurring financial income | 75 | €578 | €578 | = | 0.0% |
| Financial charges | 65/66B | €1,174 | €1,397 | +€223 | +19.0% |
| Recurring financial charges | 65 | €1,174 | €1,397 | +€223 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €35,261 | €19,463 | -€15,798 | -44.8% |
| Income taxes | 67/77 | €11,718 | €8,030 | -€3,688 | -31.5% |
| Profit (loss) for the period | 9904 | €23,543 | €11,433 | -€12,110 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,543 | €11,433 | -€12,110 | -51.4% |
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 16 October 2026 via checked.be.