GENHEM: 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.
GENHEM
Largest movements
- Receivables within one year +€234,410
up €234,410 (+90.7%), from €258,500 to €492,910
of which Trade receivables: +€353,200
- Debts after one year -€487,768
down €487,768 (-11.4%), from €4.3m to €3.8m
- Other debts +€459,916
up €459,916 (+81.2%), from €566,160 to €1.0m
- Profit (loss) carried forward +€153,187
up €153,187 (+6.2%), from €2.5m to €2.6m
- Accrued charges and deferred income +€143,380
up €143,380 (+164.4%), from €87,217 to €230,598
- Short-term financial debts -€130,000
down €130,000 (-100.0%), from €130,000 to €0
- Gross operating margin +€355,351
up €355,351 (+337.1%), from €105,405 to €460,756
- Financial income -€188,282
down €188,282 (-29.5%), from €638,282 to €450,000
- Financial charges +€97,986
up €97,986 (+47.3%), from €207,026 to €305,012
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 | €8,499,070 | €8,704,232 | +€205,162 | +2.4% |
| Fixed assets | 21/28 | €8,198,058 | €8,198,058 | = | 0.0% |
| Financial fixed assets | 28 | €8,198,058 | €8,198,058 | = | 0.0% |
| Current assets | 29/58 | €301,012 | €506,174 | +€205,162 | +68.2% |
| Amounts receivable within one year | 40/41 | €258,500 | €492,910 | +€234,410 | +90.7% |
| Trade receivables | 40 | €121,000 | €474,200 | +€353,200 | +291.9% |
| Other amounts receivable | 41 | €137,500 | €18,710 | -€118,790 | -86.4% |
| Cash at bank and in hand | 54/58 | €40,934 | €11,666 | -€29,268 | -71.5% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,598 | +€20 | +1.3% |
| Total equity and liabilities | 10/49 | €8,499,070 | €8,704,232 | +€205,162 | +2.4% |
| Equity | 10/15 | €2,938,949 | €3,092,136 | +€153,187 | +5.2% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €296,200 | €296,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €280,000 | €280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,480,749 | €2,633,936 | +€153,187 | +6.2% |
| Amounts payable | 17/49 | €5,560,120 | €5,612,096 | +€51,976 | +0.9% |
| Amounts payable after more than one year | 17 | €4,271,492 | €3,783,724 | -€487,768 | -11.4% |
| Financial debts | 170/4 | €4,271,492 | €3,783,724 | -€487,768 | -11.4% |
| Amounts payable within one year | 42/48 | €1,201,410 | €1,597,774 | +€396,363 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €478,662 | €498,472 | +€19,810 | +4.1% |
| Financial debts | 43 | €130,000 | €0 | -€130,000 | -100.0% |
| Credit institutions | 430/8 | €130,000 | €0 | -€130,000 | -100.0% |
| Trade debts | 44 | €23,198 | €73,226 | +€50,028 | +215.7% |
| Suppliers | 440/4 | €23,198 | €73,226 | +€50,028 | +215.7% |
| Taxes, remuneration and social security | 45 | €3,390 | €0 | -€3,390 | -100.0% |
| Taxes | 450/3 | €3,390 | €0 | -€3,390 | -100.0% |
| Other amounts payable | 47/48 | €566,160 | €1,026,076 | +€459,916 | +81.2% |
| Accrued charges and deferred income | 492/3 | €87,217 | €230,598 | +€143,380 | +164.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €384 | €1,058 | +€673 | +175.1% |
| Gross operating margin | 9900 | €105,405 | €460,756 | +€355,351 | +337.1% |
| Operating profit (loss) | 9901 | €105,021 | €459,698 | +€354,678 | +337.7% |
| Financial income | 75/76B | €638,282 | €450,000 | -€188,282 | -29.5% |
| Recurring financial income | 75 | €638,282 | €450,000 | -€188,282 | -29.5% |
| Financial charges | 65/66B | €207,026 | €305,012 | +€97,986 | +47.3% |
| Recurring financial charges | 65 | €207,026 | €305,012 | +€97,986 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €536,277 | €604,687 | +€68,409 | +12.8% |
| Income taxes | 67/77 | €11 | €1,500 | +€1,489 | +13944.9% |
| Profit (loss) for the period | 9904 | €536,267 | €603,187 | +€66,920 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €536,267 | €603,187 | +€66,920 | +12.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.