Genmar: what changed
Two fiscal 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.
Genmar
Largest movements
- Financial fixed assets -€27,000
down €27,000 (-5.1%), from €530,000 to €503,000
- Receivables after one year +€18,634
up €18,634 (+9.6%), from €193,597 to €212,231
- Cash +€9,954
up €9,954 (+32109.7%), from €31 to €9,985
mainly Investment in fixed assets (net) (+€27,000) and Net result for the year (+€1,588)
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€1,307
down €1,307 (-72.1%), from €1,812 to €505
- Gross operating margin +€852
up €852 (+43.7%), from -€1,949 to -€1,097
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,628 | €725,216 | +€1,588 | +0.2% |
| Fixed assets | 21/28 | €530,000 | €503,000 | -€27,000 | -5.1% |
| Financial fixed assets | 28 | €530,000 | €503,000 | -€27,000 | -5.1% |
| Current assets | 29/58 | €193,628 | €222,216 | +€28,588 | +14.8% |
| Amounts receivable after more than one year | 29 | €193,597 | €212,231 | +€18,634 | +9.6% |
| Other amounts receivable | 291 | €193,597 | €212,231 | +€18,634 | +9.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31 | €9,985 | +€9,954 | +32109.7% |
| Total equity and liabilities | 10/49 | €723,628 | €725,216 | +€1,588 | +0.2% |
| Equity | 10/15 | €378,323 | €379,911 | +€1,588 | +0.4% |
| Contributions | 10/11 | €1,309,362 | €1,309,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€931,039 | -€929,451 | +€1,588 | +0.2% |
| Provisions and deferred taxes | 16 | €345,305 | €345,305 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €345,305 | €345,305 | = | 0.0% |
| Other liabilities and charges | 164/5 | €345,305 | €345,305 | = | 0.0% |
| Other operating charges | 640/8 | €1,812 | €505 | -€1,307 | -72.1% |
| Gross operating margin | 9900 | -€1,949 | -€1,097 | +€852 | +43.7% |
| Operating profit (loss) | 9901 | -€3,761 | -€1,602 | +€2,159 | +57.4% |
| Financial income | 75/76B | €3,220 | €3,234 | +€14 | +0.4% |
| Recurring financial income | 75 | €3,220 | €3,234 | +€14 | +0.4% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +12.8% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€580 | €1,588 | +€2,168 | |
| Profit (loss) for the period | 9904 | -€580 | €1,588 | +€2,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€580 | €1,588 | +€2,168 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.