GENIT: 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.
GENIT
Largest movements
- Tangible fixed assets +€27,836
up €27,836 (+2.0%), from €1.4m to €1.4m
of which Land and buildings: +€28,921
- Cash -€20,782
down €20,782 (-92.9%), from €22,371 to €1,589
mainly Investment in fixed assets (net) (-€101,767) and Debts after one year (-€17,000)
- Debts after one year -€17,000
down €17,000 (-1.4%), from €1.2m to €1.2m
- Depreciation +€22,013
up €22,013 (+42.4%), from €51,917 to €73,930
- Gross operating margin +€13,624
up €13,624 (+13.0%), from €105,011 to €118,635
- Taxes -€2,874
down €2,874 (-39.9%), from €7,208 to €4,335
- Financial charges +€2,419
up €2,419 (+14.6%), from €16,539 to €18,959
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 | €1,446,491 | €1,445,444 | -€1,047 | -0.1% |
| Fixed assets | 21/28 | €1,406,838 | €1,434,675 | +€27,836 | +2.0% |
| Tangible fixed assets | 22/27 | €1,406,838 | €1,434,675 | +€27,836 | +2.0% |
| Land and buildings | 22 | €1,399,492 | €1,428,413 | +€28,921 | +2.1% |
| Plant, machinery and equipment | 23 | €2,285 | €1,859 | -€426 | -18.7% |
| Furniture and vehicles | 24 | €5,061 | €4,402 | -€659 | -13.0% |
| Current assets | 29/58 | €39,653 | €10,770 | -€28,883 | -72.8% |
| Amounts receivable within one year | 40/41 | €14,163 | €5,957 | -€8,206 | -57.9% |
| Trade receivables | 40 | €1,832 | €0 | -€1,832 | -100.0% |
| Other amounts receivable | 41 | €12,332 | €5,957 | -€6,375 | -51.7% |
| Cash at bank and in hand | 54/58 | €22,371 | €1,589 | -€20,782 | -92.9% |
| Deferred charges and accrued income | 490/1 | €3,119 | €3,224 | +€105 | +3.4% |
| Total equity and liabilities | 10/49 | €1,446,491 | €1,445,444 | -€1,047 | -0.1% |
| Equity | 10/15 | €186,761 | €196,606 | +€9,845 | +5.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €87,572 | €85,114 | -€2,458 | -2.8% |
| Non-distributable reserves | 130/1 | €2,300 | €3,000 | +€700 | +30.4% |
| Legal reserve | 130 | €2,300 | €3,000 | +€700 | +30.4% |
| Tax-exempt reserves | 132 | €85,272 | €82,114 | -€3,158 | -3.7% |
| Profit (loss) carried forward | 14 | €24,821 | €37,125 | +€12,304 | +49.6% |
| Provisions and deferred taxes | 16 | €28,424 | €27,371 | -€1,053 | -3.7% |
| Deferred taxes | 168 | €28,424 | €27,371 | -€1,053 | -3.7% |
| Amounts payable | 17/49 | €1,231,306 | €1,221,467 | -€9,839 | -0.8% |
| Amounts payable after more than one year | 17 | €1,215,000 | €1,198,000 | -€17,000 | -1.4% |
| Financial debts | 170/4 | €1,215,000 | €1,198,000 | -€17,000 | -1.4% |
| Amounts payable within one year | 42/48 | €2,977 | €9,651 | +€6,674 | +224.2% |
| Trade debts | 44 | €359 | €7,550 | +€7,191 | +2003.8% |
| Suppliers | 440/4 | €359 | €7,550 | +€7,191 | +2003.8% |
| Other amounts payable | 47/48 | €2,618 | €2,101 | -€517 | -19.8% |
| Accrued charges and deferred income | 492/3 | €13,329 | €13,815 | +€487 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,917 | €73,930 | +€22,013 | +42.4% |
| Other operating charges | 640/8 | €11,933 | €12,619 | +€686 | +5.8% |
| Gross operating margin | 9900 | €105,011 | €118,635 | +€13,624 | +13.0% |
| Operating profit (loss) | 9901 | €41,162 | €32,086 | -€9,076 | -22.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,539 | €18,959 | +€2,419 | +14.6% |
| Recurring financial charges | 65 | €16,539 | €18,959 | +€2,419 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €24,622 | €13,127 | -€11,495 | -46.7% |
| Transfer from deferred taxes | 780 | €1,053 | €1,053 | = | 0.0% |
| Income taxes | 67/77 | €7,208 | €4,335 | -€2,874 | -39.9% |
| Profit (loss) for the period | 9904 | €18,467 | €9,845 | -€8,621 | -46.7% |
| Transfer from tax-exempt reserves | 789 | €3,158 | €3,158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,625 | €13,004 | -€8,621 | -39.9% |
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 8 October 2026 via checked.be.