GENN: 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.
GENN
Largest movements
- Cash +€94,273
up €94,273 (+76.0%), from €124,036 to €218,309
mainly Net result for the year (+€89,195) and Other debts (+€66,836)
- Current investments +€20,000
up €20,000 (+9.4%), from €211,999 to €231,999
- Receivables within one year +€10,090
up €10,090 (+1902.1%), from €530 to €10,620
of which Trade receivables: +€10,017
- Other debts +€66,836
up €66,836 (+1058.8%), from €6,312 to €73,148
- Reserves +€29,000
up €29,000 (+9.5%), from €306,698 to €335,698
of which Distributable reserves: +€29,000
- Tax, wage and social debts +€28,537
up €28,537 (+112.2%), from €25,439 to €53,976
- Gross operating margin +€85,669
up €85,669 (+165.2%), from €51,871 to €137,540
- Taxes +€26,623
up €26,623 (+200.3%), from €13,293 to €39,915
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,420 | €485,988 | +€124,568 | +34.5% |
| Fixed assets | 21/28 | €24,854 | €25,059 | +€205 | +0.8% |
| Tangible fixed assets | 22/27 | €24,829 | €25,034 | +€205 | +0.8% |
| Land and buildings | 22 | €19,452 | €18,376 | -€1,076 | -5.5% |
| Plant, machinery and equipment | 23 | €2,311 | €1,168 | -€1,143 | -49.4% |
| Furniture and vehicles | 24 | €3,066 | €5,490 | +€2,424 | +79.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €336,566 | €460,929 | +€124,363 | +37.0% |
| Amounts receivable within one year | 40/41 | €530 | €10,620 | +€10,090 | +1902.1% |
| Trade receivables | 40 | €530 | €10,547 | +€10,017 | +1888.3% |
| Other amounts receivable | 41 | €0 | €73 | +€73 | |
| Current investments | 50/53 | €211,999 | €231,999 | +€20,000 | +9.4% |
| Cash at bank and in hand | 54/58 | €124,036 | €218,309 | +€94,273 | +76.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €361,420 | €485,988 | +€124,568 | +34.5% |
| Equity | 10/15 | €329,669 | €358,864 | +€29,195 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €306,698 | €335,698 | +€29,000 | +9.5% |
| Tax-exempt reserves | 132 | €38 | €38 | = | 0.0% |
| Distributable reserves | 133 | €306,660 | €335,660 | +€29,000 | +9.5% |
| Profit (loss) carried forward | 14 | €16,771 | €16,966 | +€195 | +1.2% |
| Amounts payable | 17/49 | €31,751 | €127,123 | +€95,373 | +300.4% |
| Amounts payable within one year | 42/48 | €31,751 | €127,123 | +€95,373 | +300.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €25,439 | €53,976 | +€28,537 | +112.2% |
| Taxes | 450/3 | €25,439 | €53,976 | +€28,537 | +112.2% |
| Other amounts payable | 47/48 | €6,312 | €73,148 | +€66,836 | +1058.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,387 | €6,784 | -€603 | -8.2% |
| Other operating charges | 640/8 | €500 | €1,556 | +€1,056 | +211.2% |
| Gross operating margin | 9900 | €51,871 | €137,540 | +€85,669 | +165.2% |
| Operating profit (loss) | 9901 | €43,984 | €129,200 | +€85,216 | +193.7% |
| Financial income | 75/76B | €140 | €237 | +€96 | +68.4% |
| Recurring financial income | 75 | €140 | €237 | +€96 | +68.4% |
| Financial charges | 65/66B | €275 | €326 | +€50 | +18.3% |
| Recurring financial charges | 65 | €275 | €326 | +€50 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €43,849 | €129,111 | +€85,261 | +194.4% |
| Income taxes | 67/77 | €13,293 | €39,915 | +€26,623 | +200.3% |
| Profit (loss) for the period | 9904 | €30,556 | €89,195 | +€58,639 | +191.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,556 | €89,195 | +€58,639 | +191.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.