GENIMO: 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.
GENIMO
Largest movements
- Cash -€226,430
down €226,430 (-20.4%), from €1.1m to €882,397
mainly Tax, wage and social debts (-€126,127) and Provisions (-€88,143)
- Tangible fixed assets -€73,438
down €73,438 (-11.8%), from €624,000 to €550,562
of which Land and buildings: -€43,017
- Receivables within one year -€30,462
down €30,462 (-50.5%), from €60,315 to €29,852
of which Trade receivables: -€19,736
- Tax, wage and social debts -€126,127
down €126,127 (-83.9%), from €150,266 to €24,139
of which Taxes: -€125,638
- Provisions -€88,143
no longer reported in 2025 (was €88,143)
- Other debts -€57,446
down €57,446 (-37.4%), from €153,781 to €96,334
- Debts after one year -€47,734
down €47,734 (-9.3%), from €513,355 to €465,621
- Gross operating margin -€1.3m
down €1.3m (-93.7%), from €1.4m to €86,294
- Staff costs -€259,792
no longer reported in 2025 (was €259,792)
- Taxes -€258,947
down €258,947 (-100.0%), from €259,000 to €53
- Provisions -€176,287
down €176,287, from €88,143 to -€88,143
- Financial charges +€107,878
up €107,878 (+1166.7%), from €9,246 to €117,124
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 | €1,809,463 | €1,474,176 | -€335,287 | -18.5% |
| Fixed assets | 21/28 | €636,851 | €558,895 | -€77,955 | -12.2% |
| Intangible fixed assets | 21 | €10,876 | €6,359 | -€4,517 | -41.5% |
| Tangible fixed assets | 22/27 | €624,000 | €550,562 | -€73,438 | -11.8% |
| Land and buildings | 22 | €367,056 | €324,039 | -€43,017 | -11.7% |
| Plant, machinery and equipment | 23 | €256,158 | €225,956 | -€30,202 | -11.8% |
| Furniture and vehicles | 24 | €786 | €567 | -€220 | -27.9% |
| Financial fixed assets | 28 | €1,975 | €1,975 | = | 0.0% |
| Current assets | 29/58 | €1,172,612 | €915,281 | -€257,331 | -21.9% |
| Amounts receivable within one year | 40/41 | €60,315 | €29,852 | -€30,462 | -50.5% |
| Trade receivables | 40 | €35,089 | €15,352 | -€19,736 | -56.2% |
| Other amounts receivable | 41 | €25,226 | €14,500 | -€10,726 | -42.5% |
| Cash at bank and in hand | 54/58 | €1,108,827 | €882,397 | -€226,430 | -20.4% |
| Deferred charges and accrued income | 490/1 | €3,470 | €3,031 | -€439 | -12.7% |
| Total equity and liabilities | 10/49 | €1,809,463 | €1,474,176 | -€335,287 | -18.5% |
| Equity | 10/15 | €852,501 | €837,634 | -€14,867 | -1.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €651,840 | €651,840 | = | 0.0% |
| Tax-exempt reserves | 132 | €437,840 | €437,840 | = | 0.0% |
| Distributable reserves | 133 | €214,000 | €214,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,201 | €165,334 | -€14,867 | -8.3% |
| Provisions and deferred taxes | 16 | €88,143 | - | -€88,143 | |
| Provisions for liabilities and charges | 160/5 | €88,143 | - | -€88,143 | |
| Major repairs and maintenance | 162 | €88,143 | - | -€88,143 | |
| Amounts payable | 17/49 | €868,818 | €636,541 | -€232,277 | -26.7% |
| Amounts payable after more than one year | 17 | €513,355 | €465,621 | -€47,734 | -9.3% |
| Financial debts | 170/4 | €513,355 | €465,621 | -€47,734 | -9.3% |
| Amounts payable within one year | 42/48 | €355,463 | €170,921 | -€184,542 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €46,602 | €47,734 | +€1,132 | +2.4% |
| Trade debts | 44 | €4,814 | €2,713 | -€2,101 | -43.6% |
| Suppliers | 440/4 | €4,814 | €2,713 | -€2,101 | -43.6% |
| Taxes, remuneration and social security | 45 | €150,266 | €24,139 | -€126,127 | -83.9% |
| Taxes | 450/3 | €149,778 | €24,139 | -€125,638 | -83.9% |
| Remuneration and social security | 454/9 | €489 | - | -€489 | |
| Other amounts payable | 47/48 | €153,781 | €96,334 | -€57,446 | -37.4% |
| Remuneration, social security and pensions | 62 | €259,792 | - | -€259,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,724 | €77,955 | +€4,231 | +5.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €88,143 | -€88,143 | -€176,287 | |
| Other operating charges | 640/8 | €34,674 | €6,860 | -€27,815 | -80.2% |
| Gross operating margin | 9900 | €1,375,284 | €86,294 | -€1.3m | -93.7% |
| Operating profit (loss) | 9901 | €918,950 | €89,622 | -€829,328 | -90.2% |
| Financial income | 75/76B | €2,993 | €12,688 | +€9,695 | +324.0% |
| Recurring financial income | 75 | €2,993 | €12,688 | +€9,695 | +324.0% |
| Financial charges | 65/66B | €9,246 | €117,124 | +€107,878 | +1166.7% |
| Recurring financial charges | 65 | €9,246 | €117,124 | +€107,878 | +1166.7% |
| Profit (loss) for the period before taxes | 9903 | €912,696 | -€14,814 | -€927,511 | |
| Income taxes | 67/77 | €259,000 | €53 | -€258,947 | -100.0% |
| Profit (loss) for the period | 9904 | €653,696 | -€14,867 | -€668,563 | |
| Transfer to tax-exempt reserves | 689 | €437,840 | - | -€437,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €215,856 | -€14,867 | -€230,723 |
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 28 September 2026 via checked.be.