GENIACS: 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.
GENIACS
Largest movements
- Receivables within one year +€35,396
up €35,396 (+53.5%), from €66,187 to €101,583
of which Trade receivables: +€18,607
- Current investments -€24,141
down €24,141 (-73.2%), from €33,002 to €8,860
- Tangible fixed assets -€5,277
down €5,277 (-27.8%), from €18,994 to €13,717
of which Furniture and vehicles: -€4,148
- Cash -€5,254
down €5,254 (-52.0%), from €10,111 to €4,858
mainly Receivables within one year (-€35,396) and Other debts (-€17,000)
- Deferred charges and accrued income -€1,658
down €1,658 (-22.0%), from €7,551 to €5,893
- Other debts -€17,000
down €17,000 (-100%), from €17,000 to €0
- Reserves +€16,368
up €16,368 (+19.1%), from €85,765 to €102,133
- Short-term financial debts -€1,611
down €1,611 (-88.7%), from €1,817 to €206
- Gross operating margin -€24,920
down €24,920 (-32.6%), from €76,402 to €51,482
- Taxes -€4,892
down €4,892 (-25.9%), from €18,870 to €13,978
- Financial charges +€4,145
up €4,145 (+297%), from €1,396 to €5,541
- Depreciation -€3,848
down €3,848 (-30.8%), from €12,503 to €8,655
- Other operating charges -€2,834
down €2,834 (-54.8%), from €5,175 to €2,341
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 | €135,845 | €134,911 | -€934 | -0.7% |
| Fixed assets | 21/28 | €18,994 | €13,717 | -€5,277 | -27.8% |
| Tangible fixed assets | 22/27 | €18,994 | €13,717 | -€5,277 | -27.8% |
| Plant, machinery and equipment | 23 | €228 | €99 | -€129 | -56.5% |
| Furniture and vehicles | 24 | €15,529 | €11,381 | -€4,148 | -26.7% |
| Other tangible fixed assets | 26 | €3,237 | €2,237 | -€1,001 | -30.9% |
| Current assets | 29/58 | €116,851 | €121,194 | +€4,343 | +3.7% |
| Amounts receivable within one year | 40/41 | €66,187 | €101,583 | +€35,396 | +53.5% |
| Trade receivables | 40 | €32,462 | €51,069 | +€18,607 | +57.3% |
| Other amounts receivable | 41 | €33,725 | €50,514 | +€16,789 | +49.8% |
| Current investments | 50/53 | €33,002 | €8,860 | -€24,141 | -73.2% |
| Cash at bank and in hand | 54/58 | €10,111 | €4,858 | -€5,254 | -52.0% |
| Deferred charges and accrued income | 490/1 | €7,551 | €5,893 | -€1,658 | -22.0% |
| Total equity and liabilities | 10/49 | €135,845 | €134,911 | -€934 | -0.7% |
| Equity | 10/15 | €98,165 | €114,533 | +€16,368 | +16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,765 | €102,133 | +€16,368 | +19.1% |
| Distributable reserves | 133 | €85,765 | €102,133 | +€16,368 | +19.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,680 | €20,378 | -€17,302 | -45.9% |
| Amounts payable within one year | 42/48 | €37,680 | €20,378 | -€17,302 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,817 | €206 | -€1,611 | -88.7% |
| Credit institutions | 430/8 | €1,817 | €206 | -€1,611 | -88.7% |
| Trade debts | 44 | €1,630 | €2,033 | +€403 | +24.7% |
| Suppliers | 440/4 | €1,630 | €2,033 | +€403 | +24.7% |
| Taxes, remuneration and social security | 45 | €17,234 | €18,139 | +€905 | +5.3% |
| Taxes | 450/3 | €17,234 | €18,139 | +€905 | +5.3% |
| Other amounts payable | 47/48 | €17,000 | €0 | -€17,000 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,503 | €8,655 | -€3,848 | -30.8% |
| Other operating charges | 640/8 | €5,175 | €2,341 | -€2,834 | -54.8% |
| Gross operating margin | 9900 | €76,402 | €51,482 | -€24,920 | -32.6% |
| Operating profit (loss) | 9901 | €58,724 | €40,487 | -€18,237 | -31.1% |
| Financial income | 75/76B | €2,026 | €2,011 | -€15 | -0.7% |
| Recurring financial income | 75 | €2,026 | €2,011 | -€15 | -0.7% |
| Financial charges | 65/66B | €1,396 | €5,541 | +€4,145 | +297% |
| Recurring financial charges | 65 | €1,396 | €5,541 | +€4,145 | +297% |
| Profit (loss) for the period before taxes | 9903 | €59,355 | €36,957 | -€22,397 | -37.7% |
| Income taxes | 67/77 | €18,870 | €13,978 | -€4,892 | -25.9% |
| Profit (loss) for the period | 9904 | €40,485 | €22,979 | -€17,506 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,485 | €22,979 | -€17,506 | -43.2% |
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 22 October 2026 via checked.be.