GENI-GROUP: 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.
GENI-GROUP
Largest movements
- Receivables after one year -€6.6m
down €6.6m (-77.1%), from €8.5m to €2.0m
- Cash +€1.7m
up €1.7m (+1593.7%), from €104,487 to €1.8m
mainly Receivables after one year (+€6.6m) and Other debts (+€1.0m)
- Financial fixed assets +€908,192
up €908,192 (+291.7%), from €311,382 to €1.2m
- Receivables within one year +€236,921
up €236,921 (+11.5%), from €2.1m to €2.3m
of which Other amounts receivable: +€142,040
- Profit (loss) carried forward -€2.2m
new in 2025: -€2.2m
- Reserves -€1.9m
down €1.9m (-99.7%), from €1.9m to €5,532
of which Distributable reserves: -€1.9m
- Other debts +€1.0m
up €1.0m (+35.5%), from €2.9m to €4.0m
- Debts after one year -€650,000
down €650,000 (-15.7%), from €4.2m to €3.5m
of which Other amounts payable: -€650,000
- Financial charges +€4.2m
up €4.2m (+231.6%), from €1.8m to €5.9m
of which Non-recurring financial charges: +€4.3m
- Gross operating margin +€1.4m
up €1.4m (+452.3%), from €316,934 to €1.8m
- Financial income -€93,963
down €93,963 (-38.8%), from €242,232 to €148,269
- Staff costs -€48,983
down €48,983 (-47.9%), from €102,353 to €53,370
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 | €11,102,090 | €7,261,709 | -€3.8m | -34.6% |
| Fixed assets | 21/28 | €339,281 | €1,221,492 | +€882,211 | +260.0% |
| Tangible fixed assets | 22/27 | €27,900 | €1,919 | -€25,981 | -93.1% |
| Furniture and vehicles | 24 | €27,900 | €1,919 | -€25,981 | -93.1% |
| Financial fixed assets | 28 | €311,382 | €1,219,573 | +€908,192 | +291.7% |
| Current assets | 29/58 | €10,762,809 | €6,040,217 | -€4.7m | -43.9% |
| Amounts receivable after more than one year | 29 | €8,547,623 | €1,954,946 | -€6.6m | -77.1% |
| Trade receivables | 290 | €8,547,623 | €1,954,946 | -€6.6m | -77.1% |
| Amounts receivable within one year | 40/41 | €2,062,489 | €2,299,410 | +€236,921 | +11.5% |
| Trade receivables | 40 | €52,432 | €147,313 | +€94,881 | +181.0% |
| Other amounts receivable | 41 | €2,010,057 | €2,152,097 | +€142,040 | +7.1% |
| Cash at bank and in hand | 54/58 | €104,487 | €1,769,677 | +€1.7m | +1593.7% |
| Deferred charges and accrued income | 490/1 | €48,209 | €16,184 | -€32,026 | -66.4% |
| Total equity and liabilities | 10/49 | €11,102,090 | €7,261,709 | -€3.8m | -34.6% |
| Equity | 10/15 | €1,941,001 | -€2,188,285 | -€4.1m | |
| Contributions | 10/11 | €49,924 | €49,924 | = | 0.0% |
| Reserves | 13 | €1,891,078 | €5,532 | -€1.9m | -99.7% |
| Tax-exempt reserves | 132 | €5,532 | €5,532 | = | 0.0% |
| Distributable reserves | 133 | €1,885,545 | €0 | -€1.9m | -100.0% |
| Profit (loss) carried forward | 14 | - | -€2,243,741 | -€2.2m | |
| Amounts payable | 17/49 | €9,161,089 | €9,449,994 | +€288,904 | +3.2% |
| Amounts payable after more than one year | 17 | €4,150,000 | €3,500,000 | -€650,000 | -15.7% |
| Financial debts | 170/4 | €3,500,000 | €3,500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €650,000 | €0 | -€650,000 | -100.0% |
| Amounts payable within one year | 42/48 | €5,003,638 | €5,949,994 | +€946,356 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €20,833 | €0 | -€20,833 | -100.0% |
| Financial debts | 43 | €1,900,000 | €1,900,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,900,000 | €1,900,000 | = | 0.0% |
| Trade debts | 44 | €85,298 | €62,331 | -€22,967 | -26.9% |
| Suppliers | 440/4 | €85,298 | €62,331 | -€22,967 | -26.9% |
| Taxes, remuneration and social security | 45 | €54,380 | €250 | -€54,130 | -99.5% |
| Taxes | 450/3 | €31,466 | €250 | -€31,216 | -99.2% |
| Remuneration and social security | 454/9 | €22,913 | €0 | -€22,913 | -100.0% |
| Other amounts payable | 47/48 | €2,943,127 | €3,987,413 | +€1.0m | +35.5% |
| Accrued charges and deferred income | 492/3 | €7,451 | €0 | -€7,451 | -100.0% |
| Non-recurring operating income | 76A | - | €1,592,084 | +€1.6m | |
| Remuneration, social security and pensions | 62 | €102,353 | €53,370 | -€48,983 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,373 | €25,981 | -€4,392 | -14.5% |
| Other operating charges | 640/8 | €2,418 | €1,927 | -€491 | -20.3% |
| Gross operating margin | 9900 | €316,934 | €1,750,517 | +€1.4m | +452.3% |
| Operating profit (loss) | 9901 | €181,790 | €1,669,239 | +€1.5m | +818.2% |
| Financial income | 75/76B | €242,232 | €148,269 | -€93,963 | -38.8% |
| Recurring financial income | 75 | €242,232 | €148,269 | -€93,963 | -38.8% |
| Financial charges | 65/66B | €1,793,208 | €5,946,793 | +€4.2m | +231.6% |
| Recurring financial charges | 65 | €251,524 | €75,556 | -€175,968 | -70.0% |
| Non-recurring financial charges | 66B | €1,541,684 | €5,871,237 | +€4.3m | +280.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,369,186 | -€4,129,286 | -€2.8m | -201.6% |
| Income taxes | 67/77 | €1,030 | €0 | -€1,030 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,370,217 | -€4,129,286 | -€2.8m | -201.4% |
| Transfer from tax-exempt reserves | 789 | €115,775 | €0 | -€115,775 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,254,442 | -€4,129,286 | -€2.9m | -229.2% |
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 10 October 2026 via checked.be.