GENIUS ELEVATION: 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.
GENIUS ELEVATION
Largest movements
- Receivables within one year -€59,852
down €59,852 (-84.9%), from €70,533 to €10,681
of which Other amounts receivable: -€37,065
- Cash -€18,593
down €18,593 (-100.0%), from €18,593 to €0
mainly Net result for the year (-€212,237) and Current portion of long-term debt (-€18,465)
- Receivables after one year -€8,384
down €8,384 (-6.2%), from €135,973 to €127,588
- Profit (loss) carried forward -€212,237
down €212,237, from €13,986 to -€198,251
- Trade debts +€85,281
up €85,281 (+360.1%), from €23,686 to €108,967
- Tax, wage and social debts +€65,929
up €65,929 (+75.9%), from €86,819 to €152,748
of which Remuneration and social security: +€38,175
- Current portion of long-term debt -€18,465
down €18,465 (-45.1%), from €40,911 to €22,446
- Debts after one year -€8,356
down €8,356 (-67.2%), from €12,428 to €4,072
- Gross operating margin -€215,882
down €215,882, from €188,555 to -€27,327
- Financial charges +€94,461
up €94,461 (+1468.7%), from €6,431 to €100,893
of which Financial charges: +€94,808
- Staff costs -€69,916
down €69,916 (-44.8%), from €156,102 to €86,185
- Taxes -€16,464
down €16,464 (-97.6%), from €16,869 to €405
- Other operating charges -€4,469
down €4,469 (-48.5%), from €9,223 to €4,753
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 | €232,784 | €146,462 | -€86,322 | -37.1% |
| Fixed assets | 21/28 | €5,701 | €7,533 | +€1,832 | +32.1% |
| Tangible fixed assets | 22/27 | €4,901 | €5,583 | +€682 | +13.9% |
| Plant, machinery and equipment | 23 | €698 | €323 | -€375 | -53.7% |
| Furniture and vehicles | 24 | €4,203 | €5,259 | +€1,057 | +25.1% |
| Financial fixed assets | 28 | €800 | €1,950 | +€1,150 | +143.8% |
| Current assets | 29/58 | €227,083 | €138,929 | -€88,154 | -38.8% |
| Amounts receivable after more than one year | 29 | €135,973 | €127,588 | -€8,384 | -6.2% |
| Other amounts receivable | 291 | €135,973 | €127,588 | -€8,384 | -6.2% |
| Amounts receivable within one year | 40/41 | €70,533 | €10,681 | -€59,852 | -84.9% |
| Trade receivables | 40 | €33,468 | €10,681 | -€22,787 | -68.1% |
| Other amounts receivable | 41 | €37,065 | €0 | -€37,065 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,593 | €0 | -€18,593 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,985 | €659 | -€1,325 | -66.8% |
| Total equity and liabilities | 10/49 | €232,784 | €146,462 | -€86,322 | -37.1% |
| Equity | 10/15 | €65,446 | -€146,791 | -€212,237 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,860 | €32,860 | = | 0.0% |
| 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 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,986 | -€198,251 | -€212,237 | |
| Amounts payable | 17/49 | €167,338 | €293,252 | +€125,914 | +75.2% |
| Amounts payable after more than one year | 17 | €12,428 | €4,072 | -€8,356 | -67.2% |
| Financial debts | 170/4 | €12,428 | €4,072 | -€8,356 | -67.2% |
| Amounts payable within one year | 42/48 | €154,910 | €288,796 | +€133,886 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | €40,911 | €22,446 | -€18,465 | -45.1% |
| Financial debts | 43 | €3,493 | €4,635 | +€1,141 | +32.7% |
| Credit institutions | 430/8 | €3,493 | €4,635 | +€1,141 | +32.7% |
| Trade debts | 44 | €23,686 | €108,967 | +€85,281 | +360.1% |
| Suppliers | 440/4 | €23,686 | €108,967 | +€85,281 | +360.1% |
| Taxes, remuneration and social security | 45 | €86,819 | €152,748 | +€65,929 | +75.9% |
| Taxes | 450/3 | €59,548 | €87,302 | +€27,754 | +46.6% |
| Remuneration and social security | 454/9 | €27,271 | €65,446 | +€38,175 | +140.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €384 | +€384 | |
| Non-recurring operating income | 76A | €1,685 | €0 | -€1,685 | -100.0% |
| Remuneration, social security and pensions | 62 | €156,102 | €86,185 | -€69,916 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,523 | €1,131 | -€1,393 | -55.2% |
| Other operating charges | 640/8 | €9,223 | €4,753 | -€4,469 | -48.5% |
| Gross operating margin | 9900 | €188,555 | -€27,327 | -€215,882 | |
| Operating profit (loss) | 9901 | €20,707 | -€119,396 | -€140,103 | |
| Financial income | 75/76B | €7,643 | €8,457 | +€814 | +10.7% |
| Recurring financial income | 75 | €7,643 | €8,457 | +€814 | +10.7% |
| Financial charges | 65/66B | €6,431 | €100,893 | +€94,461 | +1468.7% |
| Recurring financial charges | 65 | €6,084 | €100,893 | +€94,808 | +1558.3% |
| Non-recurring financial charges | 66B | €347 | €0 | -€347 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €21,918 | -€211,832 | -€233,750 | |
| Income taxes | 67/77 | €16,869 | €405 | -€16,464 | -97.6% |
| Profit (loss) for the period | 9904 | €5,049 | -€212,237 | -€217,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,049 | -€212,237 | -€217,286 |
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 30 September 2026 via checked.be.