GENK - CO: what changed
Two financial 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
GENK - CO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€166,303
2024 · €138,185+€28,118
Equity
€584,725
2024 · €585,422-€697
Cash
€217,190
2024 · €115,041+€102,148
Balance sheet total
€4.5m
2024 · €4.6m-€99,457
Largest movements
Assets
- Tangible fixed assets -€174,284
down €174,284 (-4.0%), from €4.4m to €4.2m
of which Land and buildings: -€173,663
- Cash +€102,148
up €102,148 (+88.8%), from €115,041 to €217,190
mainly Depreciation (+€174,284) and Net result for the year (+€166,303)
Equity and liabilities
- Debts after one year -€141,559
down €141,559 (-4.0%), from €3.5m to €3.4m
of which Financial debts: -€280,559
Income statement
- Gross operating margin +€33,560
up €33,560 (+7.0%), from €479,030 to €512,591
- Taxes +€10,192
up €10,192 (+22.3%), from €45,743 to €55,935
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
€138,185
Gross operating margin
+€33,560
Depreciation
+€674
Other operating charges
-€84
Financial income
-€435
Financial charges
+€4,593
Taxes
-€10,192
Result 2025
€166,303
raises the resultlowers the result
Derived cash bridge
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
+€403,825
Investment
€0
Financing
-€301,676
Cash 2024
€115,041
From operations (derived)
+€403,825
Net result for the year
+€166,303
Depreciation
+€174,284
Receivables within one year
+€27,321
Provisions
-€774
Tax, wage and social debts
+€4,578
Other debts
+€29,376
Accrued charges and deferred income
+€2,737
Financing
-€301,676
Debts after one year
-€141,559
Current portion of long-term debt
+€6,882
Contributions, distributions and other
-€167,000
Cash 2025
€217,190
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,561,197 | €4,461,740 | -€99,457 | -2.2% |
| Fixed assets | 21/28 | €4,361,155 | €4,186,871 | -€174,284 | -4.0% |
| Tangible fixed assets | 22/27 | €4,361,155 | €4,186,871 | -€174,284 | -4.0% |
| Land and buildings | 22 | €4,356,379 | €4,182,716 | -€173,663 | -4.0% |
| Furniture and vehicles | 24 | €4,776 | €4,155 | -€621 | -13.0% |
| Current assets | 29/58 | €200,041 | €274,869 | +€74,827 | +37.4% |
| Amounts receivable within one year | 40/41 | €85,000 | €57,679 | -€27,321 | -32.1% |
| Other amounts receivable | 41 | €85,000 | €57,679 | -€27,321 | -32.1% |
| Cash at bank and in hand | 54/58 | €115,041 | €217,190 | +€102,148 | +88.8% |
| Total equity and liabilities | 10/49 | €4,561,197 | €4,461,740 | -€99,457 | -2.2% |
| Equity | 10/15 | €585,422 | €584,725 | -€697 | -0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €73,422 | €72,725 | -€697 | -0.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,789 | €33,286 | -€1,503 | -4.3% |
| Distributable reserves | 133 | €32,432 | €33,238 | +€806 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,922 | €17,148 | -€774 | -4.3% |
| Deferred taxes | 168 | €17,922 | €17,148 | -€774 | -4.3% |
| Amounts payable | 17/49 | €3,957,854 | €3,859,867 | -€97,986 | -2.5% |
| Amounts payable after more than one year | 17 | €3,495,765 | €3,354,206 | -€141,559 | -4.0% |
| Financial debts | 170/4 | €2,774,265 | €2,493,706 | -€280,559 | -10.1% |
| Other amounts payable | 178/9 | €721,500 | €860,500 | +€139,000 | +19.3% |
| Amounts payable within one year | 42/48 | €420,450 | €461,286 | +€40,836 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €273,676 | €280,559 | +€6,882 | +2.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,358 | €10,935 | +€4,578 | +72.0% |
| Taxes | 450/3 | €6,358 | €10,935 | +€4,578 | +72.0% |
| Other amounts payable | 47/48 | €140,416 | €169,792 | +€29,376 | +20.9% |
| Accrued charges and deferred income | 492/3 | €41,638 | €44,375 | +€2,737 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,959 | €174,284 | -€674 | -0.4% |
| Other operating charges | 640/8 | €1,030 | €1,113 | +€84 | +8.1% |
| Gross operating margin | 9900 | €479,030 | €512,591 | +€33,560 | +7.0% |
| Operating profit (loss) | 9901 | €303,042 | €337,193 | +€34,151 | +11.3% |
| Financial income | 75/76B | €3,060 | €2,625 | -€435 | -14.2% |
| Recurring financial income | 75 | €3,060 | €2,625 | -€435 | -14.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €122,947 | €118,354 | -€4,593 | -3.7% |
| Recurring financial charges | 65 | €122,947 | €118,354 | -€4,593 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €183,155 | €221,465 | +€38,310 | +20.9% |
| Transfer from deferred taxes | 780 | €774 | €774 | = | 0.0% |
| Income taxes | 67/77 | €45,743 | €55,935 | +€10,192 | +22.3% |
| Profit (loss) for the period | 9904 | €138,185 | €166,303 | +€28,118 | +20.3% |
| Transfer from tax-exempt reserves | 789 | €1,503 | €1,503 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,688 | €167,806 | +€28,118 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.