GenM OG Middelheim: what changed
GenM OG Middelheim
Largest movements
- Receivables within one year +€186,974
up €186,974 (+5.9%), from €3.2m to €3.4m
of which Other amounts receivable: +€126,346
- Cash +€105,822
up €105,822 (+9,380%), from €1,128 to €106,950
mainly Net result for the year (+€319,369) and Deferred charges and accrued income (+€9,097)
- Reserves +€319,369
up €319,369 (+13.1%), from €2.4m to €2.8m
of which Distributable reserves: +€319,369
- Debts after one year -€43,836
down €43,836 (-8.2%), from €534,011 to €490,175
- Gross operating margin +€14,920
up €14,920 (+4.6%), from €322,930 to €337,850
- Financial charges -€7,789
down €7,789 (-42.2%), from €18,474 to €10,685
- Financial income +€6,728
up €6,728 (+7.6%), from €88,596 to €95,324
- Other operating charges -€5,689
down €5,689 (-84.0%), from €6,776 to €1,086
- Taxes +€4,665
up €4,665 (+4.8%), from €97,369 to €102,034
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,262,737 | €3,546,436 | +€283,699 | +8.7% |
| Current assets | 29/58 | €3,262,737 | €3,546,436 | +€283,699 | +8.7% |
| Amounts receivable within one year | 40/41 | €3,175,185 | €3,362,159 | +€186,974 | +5.9% |
| Trade receivables | 40 | €0 | €60,628 | +€60,628 | |
| Other amounts receivable | 41 | €3,175,185 | €3,301,531 | +€126,346 | +4.0% |
| Cash at bank and in hand | 54/58 | €1,128 | €106,950 | +€105,822 | +9,380% |
| Deferred charges and accrued income | 490/1 | €86,424 | €77,326 | -€9,097 | -10.5% |
| Total equity and liabilities | 10/49 | €3,262,737 | €3,546,436 | +€283,699 | +8.7% |
| Equity | 10/15 | €2,493,244 | €2,812,613 | +€319,369 | +12.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,431,744 | €2,751,113 | +€319,369 | +13.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,425,594 | €2,744,963 | +€319,369 | +13.2% |
| Amounts payable | 17/49 | €769,492 | €733,822 | -€35,670 | -4.6% |
| Amounts payable after more than one year | 17 | €534,011 | €490,175 | -€43,836 | -8.2% |
| Financial debts | 170/4 | €534,011 | €490,175 | -€43,836 | -8.2% |
| Amounts payable within one year | 42/48 | €228,981 | €237,148 | +€8,167 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €33,274 | €38,037 | +€4,763 | +14.3% |
| Trade debts | 44 | €3,025 | €0 | -€3,025 | -100% |
| Suppliers | 440/4 | €3,025 | €0 | -€3,025 | -100% |
| Taxes, remuneration and social security | 45 | €192,682 | €199,110 | +€6,429 | +3.3% |
| Taxes | 450/3 | €192,682 | €199,110 | +€6,429 | +3.3% |
| Accrued charges and deferred income | 492/3 | €6,500 | €6,500 | = | 0.0% |
| Other operating charges | 640/8 | €6,776 | €1,086 | -€5,689 | -84.0% |
| Gross operating margin | 9900 | €322,930 | €337,850 | +€14,920 | +4.6% |
| Operating profit (loss) | 9901 | €316,154 | €336,764 | +€20,609 | +6.5% |
| Financial income | 75/76B | €88,596 | €95,324 | +€6,728 | +7.6% |
| Recurring financial income | 75 | €88,596 | €95,324 | +€6,728 | +7.6% |
| Financial charges | 65/66B | €18,474 | €10,685 | -€7,789 | -42.2% |
| Recurring financial charges | 65 | €18,474 | €10,685 | -€7,789 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €386,276 | €421,403 | +€35,126 | +9.1% |
| Income taxes | 67/77 | €97,369 | €102,034 | +€4,665 | +4.8% |
| Profit (loss) for the period | 9904 | €288,907 | €319,369 | +€30,462 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €288,907 | €319,369 | +€30,462 | +10.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.