GenM OG Bilzen: 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.
GenM OG Bilzen
Largest movements
- Receivables within one year +€112,538
up €112,538 (+10.2%), from €1.1m to €1.2m
of which Trade receivables: +€71,424
- Tangible fixed assets -€66,510
down €66,510 (-9.4%), from €710,486 to €643,976
- Reserves +€154,531
up €154,531 (+21.9%), from €704,809 to €859,340
of which Distributable reserves: +€154,531
- Debts after one year -€117,072
down €117,072 (-15.0%), from €780,884 to €663,813
- Gross operating margin +€13,214
up €13,214 (+5.1%), from €257,185 to €270,399
- Other operating charges -€5,517
down €5,517 (-83.6%), from €6,603 to €1,086
- Depreciation +€5,042
up €5,042 (+8.2%), from €61,468 to €66,510
- Taxes +€4,127
up €4,127 (+7.9%), from €52,126 to €56,253
- Financial charges -€3,428
down €3,428 (-11.9%), from €28,799 to €25,371
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,834,237 | €1,875,883 | +€41,646 | +2.3% |
| Fixed assets | 21/28 | €710,486 | €643,976 | -€66,510 | -9.4% |
| Tangible fixed assets | 22/27 | €710,486 | €643,976 | -€66,510 | -9.4% |
| Land and buildings | 22 | €710,486 | €643,976 | -€66,510 | -9.4% |
| Current assets | 29/58 | €1,123,751 | €1,231,907 | +€108,156 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,103,146 | €1,215,684 | +€112,538 | +10.2% |
| Trade receivables | 40 | €0 | €71,424 | +€71,424 | |
| Other amounts receivable | 41 | €1,103,146 | €1,144,260 | +€41,114 | +3.7% |
| Cash at bank and in hand | 54/58 | €20,605 | €16,223 | -€4,382 | -21.3% |
| Total equity and liabilities | 10/49 | €1,834,237 | €1,875,883 | +€41,646 | +2.3% |
| Equity | 10/15 | €824,808 | €979,339 | +€154,531 | +18.7% |
| Contributions | 10/11 | €119,999 | €119,999 | = | 0.0% |
| Capital | 10 | €119,999 | €119,999 | = | 0.0% |
| Issued capital | 100 | €119,999 | €119,999 | = | 0.0% |
| Reserves | 13 | €704,809 | €859,340 | +€154,531 | +21.9% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €692,809 | €847,340 | +€154,531 | +22.3% |
| Amounts payable | 17/49 | €1,009,429 | €896,544 | -€112,885 | -11.2% |
| Amounts payable after more than one year | 17 | €780,884 | €663,813 | -€117,072 | -15.0% |
| Financial debts | 170/4 | €780,884 | €663,813 | -€117,072 | -15.0% |
| Amounts payable within one year | 42/48 | €221,078 | €225,451 | +€4,373 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €113,626 | €117,072 | +€3,446 | +3.0% |
| Trade debts | 44 | €3,025 | €0 | -€3,025 | -100% |
| Suppliers | 440/4 | €3,025 | €0 | -€3,025 | -100% |
| Taxes, remuneration and social security | 45 | €104,427 | €108,379 | +€3,952 | +3.8% |
| Taxes | 450/3 | €104,427 | €108,379 | +€3,952 | +3.8% |
| Accrued charges and deferred income | 492/3 | €7,466 | €7,280 | -€186 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,468 | €66,510 | +€5,042 | +8.2% |
| Other operating charges | 640/8 | €6,603 | €1,086 | -€5,517 | -83.6% |
| Gross operating margin | 9900 | €257,185 | €270,399 | +€13,214 | +5.1% |
| Operating profit (loss) | 9901 | €189,114 | €202,803 | +€13,689 | +7.2% |
| Financial income | 75/76B | €30,975 | €33,352 | +€2,377 | +7.7% |
| Recurring financial income | 75 | €30,975 | €33,352 | +€2,377 | +7.7% |
| Financial charges | 65/66B | €28,799 | €25,371 | -€3,428 | -11.9% |
| Recurring financial charges | 65 | €28,799 | €25,371 | -€3,428 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €191,290 | €210,784 | +€19,495 | +10.2% |
| Income taxes | 67/77 | €52,126 | €56,253 | +€4,127 | +7.9% |
| Profit (loss) for the period | 9904 | €139,163 | €154,531 | +€15,368 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,163 | €154,531 | +€15,368 | +11.0% |
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 31 October 2026 via checked.be.