GENII: 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.
GENII
Largest movements
- Cash +€40,713
up €40,713 (+42.0%), from €96,983 to €137,696
mainly Net result for the year (+€38,613) and Tax, wage and social debts (+€12,520)
- Tangible fixed assets -€5,623
down €5,623 (-27.0%), from €20,812 to €15,189
- Tax, wage and social debts +€12,520
up €12,520 (+102.6%), from €12,206 to €24,726
- Reserves +€11,699
up €11,699 (+8.5%), from €137,967 to €149,666
of which Distributable reserves: +€11,699
- Trade debts +€6,734
up €6,734 (+260.9%), from €2,581 to €9,315
- Other debts +€2,325
new in 2024: €2,325
- Taxes -€3,731
down €3,731 (-21.2%), from €17,591 to €13,860
- Gross operating margin +€3,217
up €3,217 (+3.0%), from €106,095 to €109,312
- Staff costs -€1,942
down €1,942 (-3.8%), from €50,514 to €48,572
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,954 | €197,231 | +€33,277 | +20.3% |
| Fixed assets | 21/28 | €20,900 | €15,277 | -€5,623 | -26.9% |
| Tangible fixed assets | 22/27 | €20,812 | €15,189 | -€5,623 | -27.0% |
| Plant, machinery and equipment | 23 | €7,504 | €5,187 | -€2,317 | -30.9% |
| Furniture and vehicles | 24 | €8,621 | €7,142 | -€1,478 | -17.1% |
| Other tangible fixed assets | 26 | €4,687 | €2,860 | -€1,827 | -39.0% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €143,054 | €181,954 | +€38,900 | +27.2% |
| Amounts receivable within one year | 40/41 | €46,071 | €44,258 | -€1,813 | -3.9% |
| Trade receivables | 40 | €11,820 | €27,415 | +€15,594 | +131.9% |
| Other amounts receivable | 41 | €34,251 | €16,843 | -€17,407 | -50.8% |
| Cash at bank and in hand | 54/58 | €96,983 | €137,696 | +€40,713 | +42.0% |
| Total equity and liabilities | 10/49 | €163,954 | €197,231 | +€33,277 | +20.3% |
| Equity | 10/15 | €149,167 | €160,866 | +€11,699 | +7.8% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €137,967 | €149,666 | +€11,699 | +8.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €136,107 | €147,806 | +€11,699 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,788 | €36,366 | +€21,578 | +145.9% |
| Amounts payable within one year | 42/48 | €14,788 | €36,366 | +€21,578 | +145.9% |
| Trade debts | 44 | €2,581 | €9,315 | +€6,734 | +260.9% |
| Suppliers | 440/4 | €2,581 | €9,315 | +€6,734 | +260.9% |
| Taxes, remuneration and social security | 45 | €12,206 | €24,726 | +€12,520 | +102.6% |
| Taxes | 450/3 | €12,206 | €24,726 | +€12,520 | +102.6% |
| Other amounts payable | 47/48 | - | €2,325 | +€2,325 | |
| Remuneration, social security and pensions | 62 | €50,514 | €48,572 | -€1,942 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,381 | €6,491 | -€890 | -12.1% |
| Other operating charges | 640/8 | €925 | €696 | -€229 | -24.7% |
| Gross operating margin | 9900 | €106,095 | €109,312 | +€3,217 | +3.0% |
| Operating profit (loss) | 9901 | €47,275 | €53,553 | +€6,278 | +13.3% |
| Financial income | 75/76B | €2 | €4 | +€2 | +155.3% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +155.3% |
| Financial charges | 65/66B | €563 | €1,084 | +€521 | +92.6% |
| Recurring financial charges | 65 | €563 | €1,084 | +€521 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | €46,714 | €52,473 | +€5,759 | +12.3% |
| Income taxes | 67/77 | €17,591 | €13,860 | -€3,731 | -21.2% |
| Profit (loss) for the period | 9904 | €29,123 | €38,613 | +€9,490 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,123 | €38,613 | +€9,490 | +32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.