GENICO: 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.
GENICO
Largest movements
- Cash -€38,400
down €38,400 (-45.0%), from €85,385 to €46,985
mainly Trade debts (-€34,707) and Investment in fixed assets (net) (-€32,282)
- Tangible fixed assets +€21,919
up €21,919 (+84.7%), from €25,886 to €47,805
of which Furniture and vehicles: +€25,218
- Receivables within one year -€8,149
down €8,149 (-4.1%), from €197,756 to €189,607
of which Other amounts receivable: -€19,982
- Trade debts -€34,707
down €34,707 (-24.3%), from €142,838 to €108,132
- Profit (loss) carried forward +€6,348
up €6,348 (+8.8%), from €72,413 to €78,761
- Write-downs +€44,992
new in 2025: €44,992
- Gross operating margin -€17,735
down €17,735 (-12.4%), from €142,922 to €125,187
- Taxes -€14,616
down €14,616 (-85.6%), from €17,066 to €2,449
- Staff costs -€7,250
down €7,250 (-13.8%), from €52,581 to €45,331
- Depreciation +€4,646
up €4,646 (+81.3%), from €5,717 to €10,363
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 | €312,916 | €287,672 | -€25,244 | -8.1% |
| Fixed assets | 21/28 | €25,886 | €47,805 | +€21,919 | +84.7% |
| Tangible fixed assets | 22/27 | €25,886 | €47,805 | +€21,919 | +84.7% |
| Land and buildings | 22 | €18,063 | €15,483 | -€2,580 | -14.3% |
| Plant, machinery and equipment | 23 | €719 | - | -€719 | |
| Furniture and vehicles | 24 | €7,104 | €32,322 | +€25,218 | +355% |
| Current assets | 29/58 | €287,030 | €239,867 | -€47,163 | -16.4% |
| Amounts receivable within one year | 40/41 | €197,756 | €189,607 | -€8,149 | -4.1% |
| Trade receivables | 40 | €155,082 | €166,915 | +€11,833 | +7.6% |
| Other amounts receivable | 41 | €42,674 | €22,692 | -€19,982 | -46.8% |
| Cash at bank and in hand | 54/58 | €85,385 | €46,985 | -€38,400 | -45.0% |
| Deferred charges and accrued income | 490/1 | €3,889 | €3,275 | -€614 | -15.8% |
| Total equity and liabilities | 10/49 | €312,916 | €287,672 | -€25,244 | -8.1% |
| Equity | 10/15 | €118,793 | €125,141 | +€6,348 | +5.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €39,380 | €39,380 | = | 0.0% |
| Distributable reserves | 133 | €39,380 | €39,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,413 | €78,761 | +€6,348 | +8.8% |
| Amounts payable | 17/49 | €194,122 | €162,531 | -€31,591 | -16.3% |
| Amounts payable within one year | 42/48 | €194,122 | €162,531 | -€31,591 | -16.3% |
| Trade debts | 44 | €142,838 | €108,132 | -€34,707 | -24.3% |
| Suppliers | 440/4 | €142,838 | €108,132 | -€34,707 | -24.3% |
| Advances received on contracts in progress | 46 | €17,390 | €17,390 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €33,894 | €35,914 | +€2,020 | +6.0% |
| Taxes | 450/3 | €24,396 | €25,790 | +€1,394 | +5.7% |
| Remuneration and social security | 454/9 | €9,498 | €10,124 | +€625 | +6.6% |
| Other amounts payable | 47/48 | - | €1,096 | +€1,096 | |
| Remuneration, social security and pensions | 62 | €52,581 | €45,331 | -€7,250 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,717 | €10,363 | +€4,646 | +81.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,992 | +€44,992 | |
| Other operating charges | 640/8 | €1,597 | €1,469 | -€128 | -8.0% |
| Non-recurring operating charges | 66A | - | €10,425 | +€10,425 | |
| Gross operating margin | 9900 | €142,922 | €125,187 | -€17,735 | -12.4% |
| Operating profit (loss) | 9901 | €83,026 | €12,606 | -€70,419 | -84.8% |
| Financial income | 75/76B | €404 | €0 | -€404 | -100.0% |
| Recurring financial income | 75 | €404 | €0 | -€404 | -100.0% |
| Financial charges | 65/66B | €8,415 | €3,809 | -€4,606 | -54.7% |
| Recurring financial charges | 65 | €8,415 | €3,809 | -€4,606 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €75,014 | €8,797 | -€66,217 | -88.3% |
| Income taxes | 67/77 | €17,066 | €2,449 | -€14,616 | -85.6% |
| Profit (loss) for the period | 9904 | €57,949 | €6,348 | -€51,601 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,949 | €6,348 | -€51,601 | -89.0% |
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 18 October 2026 via checked.be.