GENIC: 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.
GENIC
Largest movements
- Receivables within one year +€14,153
up €14,153 (+7.4%), from €190,336 to €204,489
of which Other amounts receivable: +€11,353
- Cash -€5,476
down €5,476 (-73.2%), from €7,476 to €2,000
mainly Receivables within one year (-€14,153) and Short-term financial debts (-€4,138)
- Reserves +€5,976
up €5,976 (+7.0%), from €84,810 to €90,786
- Short-term financial debts -€4,138
down €4,138 (-76.5%), from €5,406 to €1,268
- Tax, wage and social debts +€3,884
up €3,884 (+192.6%), from €2,017 to €5,901
- Gross operating margin +€3,366
up €3,366 (+56.2%), from €5,992 to €9,358
- Taxes -€1,298
no longer reported in 2025 (was €1,298)
- Depreciation -€616
down €616 (-45.0%), from €1,369 to €753
- Financial charges +€333
up €333 (+20.9%), from €1,596 to €1,929
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 | €199,920 | €207,380 | +€7,460 | +3.7% |
| Fixed assets | 21/28 | €1,644 | €891 | -€753 | -45.8% |
| Tangible fixed assets | 22/27 | €1,568 | €815 | -€753 | -48.0% |
| Plant, machinery and equipment | 23 | €1,568 | €815 | -€753 | -48.0% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €198,276 | €206,489 | +€8,213 | +4.1% |
| Amounts receivable within one year | 40/41 | €190,336 | €204,489 | +€14,153 | +7.4% |
| Trade receivables | 40 | €11,280 | €14,080 | +€2,800 | +24.8% |
| Other amounts receivable | 41 | €179,056 | €190,409 | +€11,353 | +6.3% |
| Cash at bank and in hand | 54/58 | €7,476 | €2,000 | -€5,476 | -73.2% |
| Deferred charges and accrued income | 490/1 | €464 | - | -€464 | |
| Total equity and liabilities | 10/49 | €199,920 | €207,380 | +€7,460 | +3.7% |
| Equity | 10/15 | €190,288 | €196,264 | +€5,976 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,810 | €90,786 | +€5,976 | +7.0% |
| Distributable reserves | 133 | €84,810 | €90,786 | +€5,976 | +7.0% |
| Profit (loss) carried forward | 14 | €86,878 | €86,878 | = | 0.0% |
| Amounts payable | 17/49 | €9,632 | €11,116 | +€1,484 | +15.4% |
| Amounts payable within one year | 42/48 | €9,470 | €10,928 | +€1,458 | +15.4% |
| Financial debts | 43 | €5,406 | €1,268 | -€4,138 | -76.5% |
| Credit institutions | 430/8 | €5,406 | €1,268 | -€4,138 | -76.5% |
| Trade debts | 44 | €2,047 | €3,759 | +€1,712 | +83.6% |
| Suppliers | 440/4 | €2,047 | €3,759 | +€1,712 | +83.6% |
| Taxes, remuneration and social security | 45 | €2,017 | €5,901 | +€3,884 | +192.6% |
| Taxes | 450/3 | €2,017 | €5,901 | +€3,884 | +192.6% |
| Accrued charges and deferred income | 492/3 | €162 | €188 | +€26 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,369 | €753 | -€616 | -45.0% |
| Other operating charges | 640/8 | €788 | €700 | -€88 | -11.2% |
| Gross operating margin | 9900 | €5,992 | €9,358 | +€3,366 | +56.2% |
| Operating profit (loss) | 9901 | €3,835 | €7,905 | +€4,070 | +106.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,596 | €1,929 | +€333 | +20.9% |
| Recurring financial charges | 65 | €1,596 | €1,929 | +€333 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €2,244 | €5,976 | +€3,732 | +166.3% |
| Income taxes | 67/77 | €1,298 | - | -€1,298 | |
| Profit (loss) for the period | 9904 | €946 | €5,976 | +€5,030 | +531.7% |
| Profit (loss) for the period to be appropriated | 9905 | €946 | €5,976 | +€5,030 | +531.7% |
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 7 October 2026 via checked.be.