GENLA: 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.
GENLA
Largest movements
- Receivables within one year +€47,348
up €47,348 (+1099.0%), from €4,308 to €51,656
of which Other amounts receivable: +€51,131
- Cash -€33,848
down €33,848 (-36.0%), from €94,014 to €60,166
mainly Contributions, distributions and other (-€70,000) and Receivables within one year (-€47,348)
- Deferred charges and accrued income +€10,446
up €10,446 (+164.6%), from €6,345 to €16,791
- Stocks and contracts -€4,265
down €4,265 (-48.7%), from €8,765 to €4,500
- Profit (loss) carried forward -€43,781
down €43,781 (-55.4%), from €79,035 to €35,255
- Other debts +€30,095
up €30,095 (+263.5%), from €11,422 to €41,517
- Accrued charges and deferred income +€26,793
up €26,793 (+312.4%), from €8,575 to €35,368
- Trade debts +€4,932
up €4,932 (+697.6%), from €707 to €5,640
- Tax, wage and social debts +€1,440
up €1,440 (+31.2%), from €4,615 to €6,056
- Gross operating margin +€30,662
up €30,662 (+339.4%), from €9,034 to €39,696
- Taxes +€8,481
up €8,481 (+575.1%), from €1,475 to €9,956
- Depreciation -€3,691
down €3,691 (-87.6%), from €4,213 to €523
- Financial charges +€1,136
up €1,136 (+173.2%), from €656 to €1,792
- Financial income -€484
no longer reported in 2025 (was €484)
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 | €114,355 | €134,835 | +€20,480 | +17.9% |
| Fixed assets | 21/28 | €923 | €1,722 | +€799 | +86.6% |
| Intangible fixed assets | 21 | €923 | €453 | -€470 | -50.9% |
| Tangible fixed assets | 22/27 | - | €1,268 | +€1,268 | |
| Furniture and vehicles | 24 | - | €1,268 | +€1,268 | |
| Current assets | 29/58 | €113,432 | €133,113 | +€19,681 | +17.4% |
| Stocks and contracts in progress | 3 | €8,765 | €4,500 | -€4,265 | -48.7% |
| Stocks | 30/36 | €8,765 | €4,500 | -€4,265 | -48.7% |
| Amounts receivable within one year | 40/41 | €4,308 | €51,656 | +€47,348 | +1099.0% |
| Trade receivables | 40 | €3,783 | - | -€3,783 | |
| Other amounts receivable | 41 | €525 | €51,656 | +€51,131 | +9732.4% |
| Cash at bank and in hand | 54/58 | €94,014 | €60,166 | -€33,848 | -36.0% |
| Deferred charges and accrued income | 490/1 | €6,345 | €16,791 | +€10,446 | +164.6% |
| Total equity and liabilities | 10/49 | €114,355 | €134,835 | +€20,480 | +17.9% |
| Equity | 10/15 | €89,035 | €45,255 | -€43,781 | -49.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,035 | €35,255 | -€43,781 | -55.4% |
| Amounts payable | 17/49 | €25,320 | €89,580 | +€64,260 | +253.8% |
| Amounts payable within one year | 42/48 | €16,745 | €54,212 | +€37,468 | +223.8% |
| Trade debts | 44 | €707 | €5,640 | +€4,932 | +697.6% |
| Suppliers | 440/4 | €707 | €5,640 | +€4,932 | +697.6% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €4,615 | €6,056 | +€1,440 | +31.2% |
| Taxes | 450/3 | €4,615 | €6,056 | +€1,440 | +31.2% |
| Other amounts payable | 47/48 | €11,422 | €41,517 | +€30,095 | +263.5% |
| Accrued charges and deferred income | 492/3 | €8,575 | €35,368 | +€26,793 | +312.4% |
| Remuneration, social security and pensions | 62 | €390 | €239 | -€151 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,213 | €523 | -€3,691 | -87.6% |
| Other operating charges | 640/8 | €735 | €968 | +€232 | +31.6% |
| Gross operating margin | 9900 | €9,034 | €39,696 | +€30,662 | +339.4% |
| Operating profit (loss) | 9901 | €3,695 | €37,967 | +€34,272 | +927.5% |
| Financial income | 75/76B | €484 | - | -€484 | |
| Recurring financial income | 75 | €484 | - | -€484 | |
| Financial charges | 65/66B | €656 | €1,792 | +€1,136 | +173.2% |
| Recurring financial charges | 65 | €656 | €1,792 | +€1,136 | +173.2% |
| Profit (loss) for the period before taxes | 9903 | €3,523 | €36,175 | +€32,652 | +926.8% |
| Income taxes | 67/77 | €1,475 | €9,956 | +€8,481 | +575.1% |
| Profit (loss) for the period | 9904 | €2,049 | €26,219 | +€24,171 | +1179.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,049 | €26,219 | +€24,171 | +1179.9% |
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 10 October 2026 via checked.be.