GENIFY: 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.
GENIFY
Largest movements
- Cash +€38,270
up €38,270 (+26.3%), from €145,505 to €183,775
mainly Net result for the year (+€38,185) and Depreciation (+€18,025)
- Receivables within one year -€15,165
down €15,165 (-49.4%), from €30,678 to €15,513
of which Trade receivables: -€15,274
- Tangible fixed assets -€3,825
down €3,825 (-3.9%), from €97,612 to €93,787
of which Furniture and vehicles: -€3,450
- Reserves +€38,185
up €38,185 (+22.2%), from €171,782 to €209,967
- Debts after one year -€10,601
down €10,601 (-25.5%), from €41,602 to €31,000
- Tax, wage and social debts -€6,066
down €6,066 (-35.8%), from €16,931 to €10,865
of which Taxes: -€6,092
- Gross operating margin -€12,636
down €12,636 (-15.1%), from €83,914 to €71,278
- Depreciation +€10,056
up €10,056 (+126%), from €7,969 to €18,025
- Taxes -€4,590
down €4,590 (-31.8%), from €14,440 to €9,850
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 | €275,312 | €294,190 | +€18,879 | +6.9% |
| Fixed assets | 21/28 | €97,612 | €93,787 | -€3,825 | -3.9% |
| Tangible fixed assets | 22/27 | €97,612 | €93,787 | -€3,825 | -3.9% |
| Plant, machinery and equipment | 23 | €13,954 | €13,579 | -€375 | -2.7% |
| Furniture and vehicles | 24 | €83,658 | €80,208 | -€3,450 | -4.1% |
| Current assets | 29/58 | €177,699 | €200,404 | +€22,704 | +12.8% |
| Amounts receivable within one year | 40/41 | €30,678 | €15,513 | -€15,165 | -49.4% |
| Trade receivables | 40 | €30,423 | €15,149 | -€15,274 | -50.2% |
| Other amounts receivable | 41 | €255 | €364 | +€109 | +42.7% |
| Cash at bank and in hand | 54/58 | €145,505 | €183,775 | +€38,270 | +26.3% |
| Deferred charges and accrued income | 490/1 | €1,517 | €1,115 | -€401 | -26.5% |
| Total equity and liabilities | 10/49 | €275,312 | €294,190 | +€18,879 | +6.9% |
| Equity | 10/15 | €173,282 | €211,467 | +€38,185 | +22.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €171,782 | €209,967 | +€38,185 | +22.2% |
| Distributable reserves | 133 | €171,782 | €209,967 | +€38,185 | +22.2% |
| Amounts payable | 17/49 | €102,030 | €82,724 | -€19,306 | -18.9% |
| Amounts payable after more than one year | 17 | €41,602 | €31,000 | -€10,601 | -25.5% |
| Financial debts | 170/4 | €41,602 | €31,000 | -€10,601 | -25.5% |
| Amounts payable within one year | 42/48 | €60,428 | €51,724 | -€8,705 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €10,085 | €10,601 | +€517 | +5.1% |
| Trade debts | 44 | €1,818 | €375 | -€1,442 | -79.3% |
| Suppliers | 440/4 | €1,818 | €375 | -€1,442 | -79.3% |
| Taxes, remuneration and social security | 45 | €16,931 | €10,865 | -€6,066 | -35.8% |
| Taxes | 450/3 | €14,422 | €8,329 | -€6,092 | -42.2% |
| Remuneration and social security | 454/9 | €2,510 | €2,536 | +€26 | +1.0% |
| Other amounts payable | 47/48 | €31,595 | €29,881 | -€1,713 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,969 | €18,025 | +€10,056 | +126% |
| Other operating charges | 640/8 | €905 | €593 | -€312 | -34.5% |
| Non-recurring operating charges | 66A | €1,052 | - | -€1,052 | |
| Gross operating margin | 9900 | €83,914 | €71,278 | -€12,636 | -15.1% |
| Operating profit (loss) | 9901 | €73,987 | €52,659 | -€21,328 | -28.8% |
| Financial income | 75/76B | €97 | €1 | -€96 | -99.1% |
| Recurring financial income | 75 | €97 | €1 | -€96 | -99.1% |
| Financial charges | 65/66B | €3,792 | €4,625 | +€833 | +22.0% |
| Recurring financial charges | 65 | €3,792 | €4,625 | +€833 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €70,292 | €48,035 | -€22,257 | -31.7% |
| Income taxes | 67/77 | €14,440 | €9,850 | -€4,590 | -31.8% |
| Profit (loss) for the period | 9904 | €55,852 | €38,185 | -€17,667 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,852 | €38,185 | -€17,667 | -31.6% |
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 27 October 2026 via checked.be.