GENICO: 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.
What changed
GENICO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,673
2024 · €7,472-€17,145
Equity
€66,171
2024 · €75,844-€9,673
Cash
€16,190
2024 · €33,166-€16,976
Balance sheet total
€2.2m
2024 · €2.2m-€46,277
Largest movements
Assets
- Tangible fixed assets -€42,116
down €42,116 (-2.5%), from €1.7m to €1.7m
of which Land and buildings: -€27,541
Equity and liabilities
- Other debts -€25,787
down €25,787 (-1.2%), from €2.1m to €2.1m
Income statement
- Depreciation +€13,563
up €13,563 (+28.1%), from €48,247 to €61,810
- Gross operating margin -€7,826
down €7,826 (-11.2%), from €69,940 to €62,114
- Financial income +€2,454
up €2,454 (+65.2%), from €3,762 to €6,217
- Other operating charges -€1,920
down €1,920 (-8.4%), from €22,760 to €20,839
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.
Result 2024
€7,472
Gross operating margin
-€7,826
Depreciation
-€13,563
Other operating charges
+€1,920
Financial income
+€2,454
Financial charges
-€131
Result 2025
-€9,673
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.
From operations
+€2,718
Investment
-€19,694
Financing
€0
Cash 2024
€33,166
From operations (derived)
+€2,718
Net result for the year
-€9,673
Depreciation
+€61,810
Receivables within one year
+€983
Deferred charges and accrued income
-€13,797
Provisions
-€5,362
Trade debts
-€3,350
Tax, wage and social debts
-€2,105
Other debts
-€25,787
Investment (derived)
-€19,694
Investment in fixed assets (net)
-€19,694
Cash 2025
€16,190
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,204,042 | €2,157,765 | -€46,277 | -2.1% |
| Fixed assets | 21/28 | €1,713,435 | €1,671,320 | -€42,116 | -2.5% |
| Tangible fixed assets | 22/27 | €1,712,888 | €1,670,772 | -€42,116 | -2.5% |
| Land and buildings | 22 | €1,642,307 | €1,614,766 | -€27,541 | -1.7% |
| Plant, machinery and equipment | 23 | €51,695 | €44,224 | -€7,471 | -14.5% |
| Furniture and vehicles | 24 | €780 | €257 | -€523 | -67.1% |
| Other tangible fixed assets | 26 | €18,106 | €11,526 | -€6,580 | -36.3% |
| Financial fixed assets | 28 | €547 | €547 | = | 0.0% |
| Current assets | 29/58 | €490,607 | €486,445 | -€4,161 | -0.8% |
| Amounts receivable within one year | 40/41 | €420,115 | €419,132 | -€983 | -0.2% |
| Trade receivables | 40 | €8,773 | €9,235 | +€463 | +5.3% |
| Other amounts receivable | 41 | €411,342 | €409,897 | -€1,445 | -0.4% |
| Cash at bank and in hand | 54/58 | €33,166 | €16,190 | -€16,976 | -51.2% |
| Deferred charges and accrued income | 490/1 | €37,326 | €51,123 | +€13,797 | +37.0% |
| Total equity and liabilities | 10/49 | €2,204,042 | €2,157,765 | -€46,277 | -2.1% |
| Equity | 10/15 | €75,844 | €66,171 | -€9,673 | -12.8% |
| Contributions | 10/11 | €180,259 | €180,259 | = | 0.0% |
| Capital | 10 | €180,259 | €180,259 | = | 0.0% |
| Issued capital | 100 | €180,259 | €180,259 | = | 0.0% |
| Reserves | 13 | €55,222 | €44,810 | -€10,412 | -18.9% |
| Non-distributable reserves | 130/1 | €23,744 | €23,744 | = | 0.0% |
| Legal reserve | 130 | €23,744 | €23,744 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,479 | €21,066 | -€10,412 | -33.1% |
| Profit (loss) carried forward | 14 | -€159,637 | -€158,898 | +€739 | +0.5% |
| Provisions and deferred taxes | 16 | €13,407 | €8,045 | -€5,362 | -40.0% |
| Deferred taxes | 168 | €13,407 | €8,045 | -€5,362 | -40.0% |
| Amounts payable | 17/49 | €2,114,792 | €2,083,549 | -€31,242 | -1.5% |
| Amounts payable within one year | 42/48 | €2,114,792 | €2,083,549 | -€31,242 | -1.5% |
| Trade debts | 44 | €17,262 | €13,912 | -€3,350 | -19.4% |
| Suppliers | 440/4 | €17,262 | €13,912 | -€3,350 | -19.4% |
| Taxes, remuneration and social security | 45 | €3,896 | €1,791 | -€2,105 | -54.0% |
| Taxes | 450/3 | €3,896 | €1,791 | -€2,105 | -54.0% |
| Other amounts payable | 47/48 | €2,093,634 | €2,067,846 | -€25,787 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,247 | €61,810 | +€13,563 | +28.1% |
| Other operating charges | 640/8 | €22,760 | €20,839 | -€1,920 | -8.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,940 | €62,114 | -€7,826 | -11.2% |
| Operating profit (loss) | 9901 | -€1,066 | -€20,535 | -€19,469 | -1825.6% |
| Financial income | 75/76B | €3,762 | €6,217 | +€2,454 | +65.2% |
| Recurring financial income | 75 | €3,762 | €6,217 | +€2,454 | +65.2% |
| Financial charges | 65/66B | €586 | €717 | +€131 | +22.3% |
| Recurring financial charges | 65 | €586 | €717 | +€131 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €2,110 | -€15,035 | -€17,145 | |
| Transfer from deferred taxes | 780 | €5,362 | €5,362 | = | 0.0% |
| Profit (loss) for the period | 9904 | €7,472 | -€9,673 | -€17,145 | |
| Transfer from tax-exempt reserves | 789 | €10,412 | €10,412 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,884 | €739 | -€17,145 | -95.9% |
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 4 October 2026 via checked.be.