Geniet: 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.
Geniet
Largest movements
- Cash -€13,607
down €13,607 (-75.4%), from €18,041 to €4,434
mainly Investment in fixed assets (net) (-€12,538) and Net result for the year (-€11,491)
- Tangible fixed assets +€5,977
up €5,977 (+15.9%), from €37,543 to €43,519
of which Other tangible fixed assets: +€6,874
- Receivables within one year -€5,520
down €5,520 (-47.2%), from €11,689 to €6,170
of which Trade receivables: -€5,761
- Profit (loss) carried forward -€11,491
down €11,491 (-45.6%), from -€25,222 to -€36,713
- Tax, wage and social debts -€2,060
down €2,060 (-34.2%), from €6,033 to €3,973
of which Taxes: -€1,123
- Trade debts -€1,789
down €1,789 (-14.1%), from €12,695 to €10,907
- Current portion of long-term debt +€1,722
up €1,722 (+35.2%), from €4,885 to €6,607
- Other debts -€821
down €821 (-8.7%), from €9,442 to €8,621
- Gross operating margin +€11,328
up €11,328 (+150.0%), from €7,550 to €18,877
- Staff costs +€10,021
up €10,021 (+97.1%), from €10,320 to €20,342
- Depreciation +€2,757
up €2,757 (+72.5%), from €3,804 to €6,561
- Financial charges +€2,150
up €2,150 (+349.3%), from €616 to €2,766
- Other operating charges -€320
down €320 (-33.6%), from €953 to €633
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 | €74,705 | €61,240 | -€13,465 | -18.0% |
| Fixed assets | 21/28 | €37,543 | €43,519 | +€5,977 | +15.9% |
| Tangible fixed assets | 22/27 | €37,543 | €43,519 | +€5,977 | +15.9% |
| Plant, machinery and equipment | 23 | €821 | €361 | -€460 | -56.1% |
| Furniture and vehicles | 24 | €1,539 | €1,102 | -€436 | -28.4% |
| Other tangible fixed assets | 26 | €35,183 | €42,056 | +€6,874 | +19.5% |
| Current assets | 29/58 | €37,163 | €17,721 | -€19,442 | -52.3% |
| Amounts receivable within one year | 40/41 | €11,689 | €6,170 | -€5,520 | -47.2% |
| Trade receivables | 40 | €11,689 | €5,929 | -€5,761 | -49.3% |
| Other amounts receivable | 41 | - | €241 | +€241 | |
| Cash at bank and in hand | 54/58 | €18,041 | €4,434 | -€13,607 | -75.4% |
| Deferred charges and accrued income | 490/1 | €7,433 | €7,117 | -€316 | -4.2% |
| Total equity and liabilities | 10/49 | €74,705 | €61,240 | -€13,465 | -18.0% |
| Equity | 10/15 | €20,168 | €8,677 | -€11,491 | -57.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,190 | €39,190 | = | 0.0% |
| Distributable reserves | 133 | €39,190 | €39,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,222 | -€36,713 | -€11,491 | -45.6% |
| Amounts payable | 17/49 | €54,537 | €52,563 | -€1,974 | -3.6% |
| Amounts payable after more than one year | 17 | €21,481 | €22,156 | +€674 | +3.1% |
| Financial debts | 170/4 | €21,481 | €22,156 | +€674 | +3.1% |
| Amounts payable within one year | 42/48 | €33,056 | €30,107 | -€2,949 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €4,885 | €6,607 | +€1,722 | +35.2% |
| Trade debts | 44 | €12,695 | €10,907 | -€1,789 | -14.1% |
| Suppliers | 440/4 | €12,695 | €10,907 | -€1,789 | -14.1% |
| Taxes, remuneration and social security | 45 | €6,033 | €3,973 | -€2,060 | -34.2% |
| Taxes | 450/3 | €1,714 | €591 | -€1,123 | -65.5% |
| Remuneration and social security | 454/9 | €4,319 | €3,381 | -€938 | -21.7% |
| Other amounts payable | 47/48 | €9,442 | €8,621 | -€821 | -8.7% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Non-recurring operating income | 76A | €17,250 | €1,176 | -€16,074 | -93.2% |
| Remuneration, social security and pensions | 62 | €10,320 | €20,342 | +€10,021 | +97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €6,561 | +€2,757 | +72.5% |
| Other operating charges | 640/8 | €953 | €633 | -€320 | -33.6% |
| Gross operating margin | 9900 | €7,550 | €18,877 | +€11,328 | +150.0% |
| Operating profit (loss) | 9901 | -€7,528 | -€8,659 | -€1,130 | -15.0% |
| Financial income | 75/76B | €0 | €49 | +€49 | +44390.9% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +44390.9% |
| Financial charges | 65/66B | €616 | €2,766 | +€2,150 | +349.3% |
| Recurring financial charges | 65 | €616 | €2,766 | +€2,150 | +349.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,144 | -€11,376 | -€3,232 | -39.7% |
| Income taxes | 67/77 | - | €115 | +€115 | |
| Profit (loss) for the period | 9904 | -€8,144 | -€11,491 | -€3,347 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,144 | -€11,491 | -€3,347 | -41.1% |
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 12 October 2026 via checked.be.