GENIMCO: 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.
What changed
GENIMCO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,891
2024 · -€209,357+€267,248
Equity
€2.2m
2024 · €2.2m-€7,109
Cash
€28,751
2024 · €430,115-€401,364
Balance sheet total
€2.5m
2024 · €2.6m-€99,660
Largest movements
Assets
- Cash -€401,364
down €401,364 (-93.3%), from €430,115 to €28,751
mainly Current investments (-€385,000) and Other debts (-€70,000)
- Current investments +€385,000
new in 2025: €385,000
- Tangible fixed assets -€76,495
down €76,495 (-4.0%), from €1.9m to €1.9m
of which Land and buildings: -€58,225
Equity and liabilities
- Other debts -€70,000
down €70,000 (-53.8%), from €130,000 to €60,000
Income statement
- Gross operating margin +€221,117
up €221,117 (+94.8%), from €233,336 to €454,453
- Other operating charges -€51,688
down €51,688 (-37.3%), from €138,739 to €87,051
- Staff costs +€7,554
up €7,554 (+3.2%), from €232,512 to €240,066
- Taxes +€6,882
up €6,882, from €0 to €6,882
- Financial income +€5,629
up €5,629 (+42.0%), from €13,394 to €19,023
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.
Result 2024
-€209,357
Gross operating margin
+€221,117
Staff costs
-€7,554
Depreciation
+€4,675
Other operating charges
+€51,688
Financial income
+€5,629
Financial charges
-€1,021
Taxes
-€6,882
Deferred taxes and other
-€404
Result 2025
€57,891
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.
From operations
+€53,151
Investment
-€385,000
Financing
-€69,515
Cash 2024
€430,115
From operations (derived)
+€53,151
Net result for the year
+€57,891
Depreciation
+€76,495
Receivables within one year
-€9,021
Deferred charges and accrued income
+€15,821
Provisions
-€3,971
Trade debts
-€11,030
Tax, wage and social debts
+€449
Other debts
-€70,000
Accrued charges and deferred income
-€3,484
Investment (derived)
-€385,000
Current investments
-€385,000
Financing
-€69,515
Debts after one year
-€4,515
Contributions, distributions and other
-€65,000
Cash 2025
€28,751
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,562,963 | €2,463,303 | -€99,660 | -3.9% |
| Fixed assets | 21/28 | €1,942,393 | €1,865,898 | -€76,495 | -3.9% |
| Tangible fixed assets | 22/27 | €1,933,961 | €1,857,466 | -€76,495 | -4.0% |
| Land and buildings | 22 | €1,888,178 | €1,829,952 | -€58,225 | -3.1% |
| Furniture and vehicles | 24 | €45,783 | €27,514 | -€18,270 | -39.9% |
| Financial fixed assets | 28 | €8,432 | €8,432 | = | 0.0% |
| Current assets | 29/58 | €620,570 | €597,405 | -€23,165 | -3.7% |
| Amounts receivable within one year | 40/41 | €158,950 | €167,971 | +€9,021 | +5.7% |
| Trade receivables | 40 | €74,343 | €125,331 | +€50,988 | +68.6% |
| Other amounts receivable | 41 | €84,607 | €42,640 | -€41,967 | -49.6% |
| Current investments | 50/53 | - | €385,000 | +€385,000 | |
| Cash at bank and in hand | 54/58 | €430,115 | €28,751 | -€401,364 | -93.3% |
| Deferred charges and accrued income | 490/1 | €31,505 | €15,683 | -€15,821 | -50.2% |
| Total equity and liabilities | 10/49 | €2,562,963 | €2,463,303 | -€99,660 | -3.9% |
| Equity | 10/15 | €2,203,325 | €2,196,217 | -€7,109 | -0.3% |
| Contributions | 10/11 | €1,128,000 | €1,128,000 | = | 0.0% |
| Capital | 10 | €1,128,000 | €1,128,000 | = | 0.0% |
| Issued capital | 100 | €1,128,000 | €1,128,000 | = | 0.0% |
| Reserves | 13 | €1,074,029 | €1,066,921 | -€7,109 | -0.7% |
| Non-distributable reserves | 130/1 | €102,050 | €105,550 | +€3,500 | +3.4% |
| Legal reserve | 130 | €102,050 | €105,550 | +€3,500 | +3.4% |
| Tax-exempt reserves | 132 | €238,804 | €226,890 | -€11,914 | -5.0% |
| Distributable reserves | 133 | €733,175 | €734,481 | +€1,306 | +0.2% |
| Profit (loss) carried forward | 14 | €1,296 | €1,296 | = | 0.0% |
| Provisions and deferred taxes | 16 | €79,601 | €75,630 | -€3,971 | -5.0% |
| Deferred taxes | 168 | €79,601 | €75,630 | -€3,971 | -5.0% |
| Amounts payable | 17/49 | €280,036 | €191,457 | -€88,580 | -31.6% |
| Amounts payable after more than one year | 17 | €104,010 | €99,495 | -€4,515 | -4.3% |
| Other amounts payable | 178/9 | €104,010 | €99,495 | -€4,515 | -4.3% |
| Amounts payable within one year | 42/48 | €164,519 | €83,939 | -€80,580 | -49.0% |
| Trade debts | 44 | €12,445 | €1,416 | -€11,030 | -88.6% |
| Suppliers | 440/4 | €12,445 | €1,416 | -€11,030 | -88.6% |
| Taxes, remuneration and social security | 45 | €22,074 | €22,523 | +€449 | +2.0% |
| Taxes | 450/3 | €1,414 | €1,062 | -€353 | -24.9% |
| Remuneration and social security | 454/9 | €20,659 | €21,461 | +€802 | +3.9% |
| Other amounts payable | 47/48 | €130,000 | €60,000 | -€70,000 | -53.8% |
| Accrued charges and deferred income | 492/3 | €11,507 | €8,023 | -€3,484 | -30.3% |
| Non-recurring operating income | 76A | €0 | €239,276 | +€239,276 | |
| Remuneration, social security and pensions | 62 | €232,512 | €240,066 | +€7,554 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,170 | €76,495 | -€4,675 | -5.8% |
| Other operating charges | 640/8 | €138,739 | €87,051 | -€51,688 | -37.3% |
| Gross operating margin | 9900 | €233,336 | €454,453 | +€221,117 | +94.8% |
| Operating profit (loss) | 9901 | -€219,085 | €50,841 | +€269,926 | |
| Financial income | 75/76B | €13,394 | €19,023 | +€5,629 | +42.0% |
| Recurring financial income | 75 | €13,394 | €19,023 | +€5,629 | +42.0% |
| Financial charges | 65/66B | €8,041 | €9,062 | +€1,021 | +12.7% |
| Recurring financial charges | 65 | €8,041 | €9,062 | +€1,021 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€213,732 | €60,801 | +€274,534 | |
| Transfer from deferred taxes | 780 | €4,376 | €3,971 | -€404 | -9.2% |
| Income taxes | 67/77 | €0 | €6,882 | +€6,882 | |
| Profit (loss) for the period | 9904 | -€209,357 | €57,891 | +€267,248 | |
| Transfer from tax-exempt reserves | 789 | €13,127 | €11,914 | -€1,212 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€196,230 | €69,806 | +€266,036 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.