GenM OG Ekeren: 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 Ekeren
Largest movements
- Receivables within one year +€93,659
up €93,659, from €0 to €93,659
- Tangible fixed assets -€93,202
down €93,202 (-5.3%), from €1.8m to €1.7m
of which Land and buildings: -€130,710
- Debts after one year -€189,566
down €189,566 (-15.0%), from €1.3m to €1.1m
- Reserves +€128,335
up €128,335 (+10.9%), from €1.2m to €1.3m
of which Distributable reserves: +€128,335
- Gross operating margin +€17,219
up €17,219 (+4.6%), from €371,027 to €388,246
- Financial charges -€6,575
down €6,575 (-12.7%), from €51,907 to €45,331
- Taxes +€5,902
up €5,902 (+15.3%), from €38,454 to €44,356
- Other operating charges -€5,164
down €5,164 (-13.1%), from €39,492 to €34,329
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 | €3,336,043 | €3,310,449 | -€25,593 | -0.8% |
| Fixed assets | 21/28 | €3,303,584 | €3,210,382 | -€93,202 | -2.8% |
| Tangible fixed assets | 22/27 | €1,753,584 | €1,660,382 | -€93,202 | -5.3% |
| Land and buildings | 22 | €1,739,275 | €1,608,566 | -€130,710 | -7.5% |
| Plant, machinery and equipment | 23 | €14,308 | €51,816 | +€37,508 | +262% |
| Financial fixed assets | 28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Current assets | 29/58 | €32,459 | €100,068 | +€67,609 | +208% |
| Amounts receivable within one year | 40/41 | €0 | €93,659 | +€93,659 | |
| Trade receivables | 40 | €0 | €93,659 | +€93,659 | |
| Cash at bank and in hand | 54/58 | €32,459 | €6,409 | -€26,050 | -80.3% |
| Total equity and liabilities | 10/49 | €3,336,043 | €3,310,449 | -€25,593 | -0.8% |
| Equity | 10/15 | €1,651,377 | €1,779,712 | +€128,335 | +7.8% |
| Contributions | 10/11 | €477,999 | €477,999 | = | 0.0% |
| Capital | 10 | €477,999 | €477,999 | = | 0.0% |
| Issued capital | 100 | €477,999 | €477,999 | = | 0.0% |
| Reserves | 13 | €1,173,378 | €1,301,713 | +€128,335 | +10.9% |
| Non-distributable reserves | 130/1 | €47,800 | €47,800 | = | 0.0% |
| Legal reserve | 130 | €47,800 | €47,800 | = | 0.0% |
| Distributable reserves | 133 | €1,125,578 | €1,253,913 | +€128,335 | +11.4% |
| Amounts payable | 17/49 | €1,684,666 | €1,530,738 | -€153,928 | -9.1% |
| Amounts payable after more than one year | 17 | €1,264,432 | €1,074,866 | -€189,566 | -15.0% |
| Financial debts | 170/4 | €1,264,432 | €1,074,866 | -€189,566 | -15.0% |
| Amounts payable within one year | 42/48 | €414,110 | €449,945 | +€35,836 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €183,987 | €189,566 | +€5,579 | +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 | €70,267 | €82,725 | +€12,458 | +17.7% |
| Taxes | 450/3 | €70,267 | €82,725 | +€12,458 | +17.7% |
| Other amounts payable | 47/48 | €156,831 | €177,654 | +€20,823 | +13.3% |
| Accrued charges and deferred income | 492/3 | €6,124 | €5,926 | -€198 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,337 | €135,895 | +€3,558 | +2.7% |
| Other operating charges | 640/8 | €39,492 | €34,329 | -€5,164 | -13.1% |
| Gross operating margin | 9900 | €371,027 | €388,246 | +€17,219 | +4.6% |
| Operating profit (loss) | 9901 | €199,197 | €218,022 | +€18,825 | +9.5% |
| Financial charges | 65/66B | €51,907 | €45,331 | -€6,575 | -12.7% |
| Recurring financial charges | 65 | €51,907 | €45,331 | -€6,575 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €147,290 | €172,691 | +€25,400 | +17.2% |
| Income taxes | 67/77 | €38,454 | €44,356 | +€5,902 | +15.3% |
| Profit (loss) for the period | 9904 | €108,836 | €128,335 | +€19,499 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,836 | €128,335 | +€19,499 | +17.9% |
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 15 October 2026 via checked.be.