Genitek Engineering: 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.
Genitek Engineering
Largest movements
- Receivables within one year +€290,540
up €290,540 (+90.2%), from €322,046 to €612,585
of which Trade receivables: +€304,178
- Cash -€173,129
down €173,129 (-20.9%), from €827,399 to €654,271
mainly Receivables within one year (-€290,540) and Debts after one year (-€57,221)
- Tangible fixed assets -€61,861
down €61,861 (-6.7%), from €926,493 to €864,632
of which Land and buildings: -€57,098
- Debts after one year -€57,221
down €57,221 (-5.9%), from €970,175 to €912,954
- Reserves +€52,000
up €52,000 (+8.5%), from €612,110 to €664,110
of which Distributable reserves: +€52,000
- Tax, wage and social debts +€32,695
up €32,695 (+135.1%), from €24,208 to €56,903
of which Taxes: +€27,359
- Gross operating margin +€59,327
up €59,327 (+32.1%), from €184,999 to €244,325
- Staff costs +€36,261
up €36,261 (+75.0%), from €48,320 to €84,581
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 | €2,160,929 | €2,205,254 | +€44,325 | +2.1% |
| Fixed assets | 21/28 | €927,680 | €864,819 | -€62,861 | -6.8% |
| Tangible fixed assets | 22/27 | €926,493 | €864,632 | -€61,861 | -6.7% |
| Land and buildings | 22 | €906,781 | €849,683 | -€57,098 | -6.3% |
| Plant, machinery and equipment | 23 | €442 | - | -€442 | |
| Furniture and vehicles | 24 | €18,995 | €14,949 | -€4,046 | -21.3% |
| Other tangible fixed assets | 26 | €275 | - | -€275 | |
| Financial fixed assets | 28 | €1,187 | €187 | -€1,000 | -84.3% |
| Current assets | 29/58 | €1,233,249 | €1,340,435 | +€107,186 | +8.7% |
| Stocks and contracts in progress | 3 | €81,271 | €61,858 | -€19,413 | -23.9% |
| Stocks | 30/36 | €81,271 | €61,858 | -€19,413 | -23.9% |
| Amounts receivable within one year | 40/41 | €322,046 | €612,585 | +€290,540 | +90.2% |
| Trade receivables | 40 | €239,669 | €543,847 | +€304,178 | +126.9% |
| Other amounts receivable | 41 | €82,376 | €68,738 | -€13,638 | -16.6% |
| Cash at bank and in hand | 54/58 | €827,399 | €654,271 | -€173,129 | -20.9% |
| Deferred charges and accrued income | 490/1 | €2,534 | €11,721 | +€9,188 | +362.6% |
| Total equity and liabilities | 10/49 | €2,160,929 | €2,205,254 | +€44,325 | +2.1% |
| Equity | 10/15 | €901,352 | €954,097 | +€52,745 | +5.9% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Reserves | 13 | €612,110 | €664,110 | +€52,000 | +8.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €593,360 | €645,360 | +€52,000 | +8.8% |
| Profit (loss) carried forward | 14 | €279,742 | €280,487 | +€745 | +0.3% |
| Amounts payable | 17/49 | €1,259,576 | €1,251,157 | -€8,420 | -0.7% |
| Amounts payable after more than one year | 17 | €970,175 | €912,954 | -€57,221 | -5.9% |
| Financial debts | 170/4 | €970,175 | €912,954 | -€57,221 | -5.9% |
| Amounts payable within one year | 42/48 | €289,402 | €338,203 | +€48,801 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €56,550 | €57,221 | +€671 | +1.2% |
| Trade debts | 44 | €64,258 | €81,193 | +€16,936 | +26.4% |
| Suppliers | 440/4 | €64,258 | €81,193 | +€16,936 | +26.4% |
| Taxes, remuneration and social security | 45 | €24,208 | €56,903 | +€32,695 | +135.1% |
| Taxes | 450/3 | €4,514 | €31,872 | +€27,359 | +606.2% |
| Remuneration and social security | 454/9 | €19,695 | €25,031 | +€5,336 | +27.1% |
| Other amounts payable | 47/48 | €144,385 | €142,885 | -€1,500 | -1.0% |
| Remuneration, social security and pensions | 62 | €48,320 | €84,581 | +€36,261 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,520 | €69,061 | +€541 | +0.8% |
| Other operating charges | 640/8 | €7,092 | €7,791 | +€699 | +9.9% |
| Gross operating margin | 9900 | €184,999 | €244,325 | +€59,327 | +32.1% |
| Operating profit (loss) | 9901 | €61,067 | €82,891 | +€21,824 | +35.7% |
| Financial income | 75/76B | €265 | €186 | -€78 | -29.5% |
| Recurring financial income | 75 | €265 | €186 | -€78 | -29.5% |
| Financial charges | 65/66B | €14,464 | €14,894 | +€430 | +3.0% |
| Recurring financial charges | 65 | €14,464 | €14,894 | +€430 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €46,868 | €68,184 | +€21,316 | +45.5% |
| Income taxes | 67/77 | €15,683 | €15,440 | -€243 | -1.6% |
| Profit (loss) for the period | 9904 | €31,185 | €52,745 | +€21,560 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,185 | €52,745 | +€21,560 | +69.1% |
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 1 October 2026 via checked.be.