GENEXPERT: 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.
GENEXPERT
Largest movements
- Receivables within one year -€28,524
down €28,524 (-40.7%), from €70,034 to €41,511
of which Trade receivables: -€37,103
- Cash -€28,374
down €28,374 (-23.0%), from €123,526 to €95,152
mainly Trade debts (-€50,836) and Other debts (-€22,063)
- Tangible fixed assets +€4,485
up €4,485 (+5.4%), from €82,405 to €86,890
of which Plant, machinery and equipment: +€12,106
- Trade debts -€50,836
down €50,836 (-96.7%), from €52,565 to €1,728
- Reserves +€23,889
up €23,889 (+24.1%), from €98,919 to €122,808
- Other debts -€22,063
down €22,063 (-82.6%), from €26,696 to €4,633
- Tax, wage and social debts -€2,846
down €2,846 (-19.9%), from €14,303 to €11,458
- Gross operating margin -€8,479
down €8,479 (-14.3%), from €59,347 to €50,868
- Taxes +€6,657
up €6,657 (+135.4%), from €4,917 to €11,574
- Depreciation +€5,075
up €5,075 (+52.4%), from €9,686 to €14,761
- Other operating charges -€1,385
down €1,385 (-72.4%), from €1,914 to €529
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 | €278,549 | €225,027 | -€53,522 | -19.2% |
| Fixed assets | 21/28 | €82,405 | €86,890 | +€4,485 | +5.4% |
| Tangible fixed assets | 22/27 | €82,405 | €86,890 | +€4,485 | +5.4% |
| Plant, machinery and equipment | 23 | €31,024 | €43,130 | +€12,106 | +39.0% |
| Furniture and vehicles | 24 | €49,378 | €42,324 | -€7,054 | -14.3% |
| Other tangible fixed assets | 26 | €2,004 | €1,437 | -€567 | -28.3% |
| Current assets | 29/58 | €196,144 | €138,137 | -€58,007 | -29.6% |
| Amounts receivable within one year | 40/41 | €70,034 | €41,511 | -€28,524 | -40.7% |
| Trade receivables | 40 | €70,034 | €32,931 | -€37,103 | -53.0% |
| Other amounts receivable | 41 | - | €8,579 | +€8,579 | |
| Cash at bank and in hand | 54/58 | €123,526 | €95,152 | -€28,374 | -23.0% |
| Deferred charges and accrued income | 490/1 | €2,584 | €1,474 | -€1,110 | -42.9% |
| Total equity and liabilities | 10/49 | €278,549 | €225,027 | -€53,522 | -19.2% |
| Equity | 10/15 | €183,319 | €207,208 | +€23,889 | +13.0% |
| Contributions | 10/11 | €84,400 | €84,400 | = | 0.0% |
| Reserves | 13 | €98,919 | €122,808 | +€23,889 | +24.1% |
| Distributable reserves | 133 | €98,919 | €122,808 | +€23,889 | +24.1% |
| Amounts payable | 17/49 | €95,230 | €17,819 | -€77,411 | -81.3% |
| Amounts payable within one year | 42/48 | €93,564 | €17,819 | -€75,745 | -81.0% |
| Trade debts | 44 | €52,565 | €1,728 | -€50,836 | -96.7% |
| Suppliers | 440/4 | €52,565 | €1,728 | -€50,836 | -96.7% |
| Taxes, remuneration and social security | 45 | €14,303 | €11,458 | -€2,846 | -19.9% |
| Taxes | 450/3 | €14,303 | €11,458 | -€2,846 | -19.9% |
| Other amounts payable | 47/48 | €26,696 | €4,633 | -€22,063 | -82.6% |
| Accrued charges and deferred income | 492/3 | €1,666 | - | -€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,686 | €14,761 | +€5,075 | +52.4% |
| Other operating charges | 640/8 | €1,914 | €529 | -€1,385 | -72.4% |
| Gross operating margin | 9900 | €59,347 | €50,868 | -€8,479 | -14.3% |
| Operating profit (loss) | 9901 | €47,747 | €35,578 | -€12,170 | -25.5% |
| Financial income | 75/76B | €93 | €538 | +€444 | +476.6% |
| Recurring financial income | 75 | €93 | €538 | +€444 | +476.6% |
| Financial charges | 65/66B | €617 | €653 | +€36 | +5.8% |
| Recurring financial charges | 65 | €617 | €653 | +€36 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €47,223 | €35,462 | -€11,761 | -24.9% |
| Income taxes | 67/77 | €4,917 | €11,574 | +€6,657 | +135.4% |
| Profit (loss) for the period | 9904 | €42,306 | €23,889 | -€18,418 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,306 | €23,889 | -€18,418 | -43.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.