GENIET ERVAN: 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 ERVAN
Largest movements
- Cash -€482,847
down €482,847 (-93.3%), from €517,491 to €34,643
mainly Contributions, distributions and other (-€1.5m) and Deferred charges and accrued income (-€31,853)
- Receivables within one year -€370,700
down €370,700 (-50.6%), from €732,052 to €361,352
of which Other amounts receivable: -€370,700
- Deferred charges and accrued income +€31,853
up €31,853 (+356%), from €8,947 to €40,801
- Tangible fixed assets +€18,205
up €18,205 (+11,786%), from €154 to €18,360
of which Furniture and vehicles: +€11,725
- Reserves -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Other debts +€406,154
new in 2025: €406,154
- Tax, wage and social debts -€22,312
down €22,312 (-34.9%), from €63,924 to €41,613
- Gross operating margin -€142,763
down €142,763 (-27.1%), from €526,460 to €383,696
- Taxes -€29,031
down €29,031 (-22.1%), from €131,412 to €102,380
- Financial income +€26,063
up €26,063 (+177%), from €14,738 to €40,801
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 | €1,258,644 | €455,155 | -€803,489 | -63.8% |
| Fixed assets | 21/28 | €154 | €18,360 | +€18,205 | +11,786% |
| Tangible fixed assets | 22/27 | €154 | €18,360 | +€18,205 | +11,786% |
| Furniture and vehicles | 24 | €154 | €11,880 | +€11,725 | +7,591% |
| Other tangible fixed assets | 26 | - | €6,480 | +€6,480 | |
| Current assets | 29/58 | €1,258,490 | €436,795 | -€821,694 | -65.3% |
| Amounts receivable within one year | 40/41 | €732,052 | €361,352 | -€370,700 | -50.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €732,052 | €361,352 | -€370,700 | -50.6% |
| Cash at bank and in hand | 54/58 | €517,491 | €34,643 | -€482,847 | -93.3% |
| Deferred charges and accrued income | 490/1 | €8,947 | €40,801 | +€31,853 | +356% |
| Total equity and liabilities | 10/49 | €1,258,644 | €455,155 | -€803,489 | -63.8% |
| Equity | 10/15 | €1,192,403 | €5,000 | -€1.2m | -99.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,187,403 | €0 | -€1.2m | -100% |
| Distributable reserves | 133 | €1,187,403 | €0 | -€1.2m | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,241 | €450,155 | +€383,914 | +580% |
| Amounts payable within one year | 42/48 | €65,566 | €449,282 | +€383,716 | +585% |
| Trade debts | 44 | €1,642 | €1,515 | -€127 | -7.8% |
| Suppliers | 440/4 | €1,642 | €1,515 | -€127 | -7.8% |
| Taxes, remuneration and social security | 45 | €63,924 | €41,613 | -€22,312 | -34.9% |
| Taxes | 450/3 | €63,924 | €41,613 | -€22,312 | -34.9% |
| Other amounts payable | 47/48 | - | €406,154 | +€406,154 | |
| Accrued charges and deferred income | 492/3 | €675 | €874 | +€199 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €1,229 | +€938 | +321% |
| Other operating charges | 640/8 | €744 | €1,360 | +€616 | +82.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €526,460 | €383,696 | -€142,763 | -27.1% |
| Operating profit (loss) | 9901 | €525,424 | €381,107 | -€144,317 | -27.5% |
| Financial income | 75/76B | €14,738 | €40,801 | +€26,063 | +177% |
| Recurring financial income | 75 | €14,738 | €40,801 | +€26,063 | +177% |
| Financial charges | 65/66B | €942 | €775 | -€166 | -17.7% |
| Recurring financial charges | 65 | €942 | €775 | -€166 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €539,220 | €421,132 | -€118,088 | -21.9% |
| Income taxes | 67/77 | €131,412 | €102,380 | -€29,031 | -22.1% |
| Profit (loss) for the period | 9904 | €407,809 | €318,752 | -€89,057 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €407,809 | €318,752 | -€89,057 | -21.8% |
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 29 October 2026 via checked.be.