GenNoor: 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.
GenNoor
Largest movements
- Tangible fixed assets +€20,930
up €20,930 (+1858.6%), from €1,126 to €22,056
- Receivables within one year +€6,134
up €6,134 (+31.9%), from €19,208 to €25,343
of which Other amounts receivable: +€4,501
- Reserves +€16,241
up €16,241 (+24.9%), from €65,208 to €81,449
- Tax, wage and social debts +€5,839
up €5,839 (+32.0%), from €18,242 to €24,081
- Other debts +€3,838
up €3,838 (+130.5%), from €2,941 to €6,778
- Trade debts -€3,177
down €3,177 (-33.4%), from €9,511 to €6,333
- Accrued charges and deferred income +€1,780
up €1,780 (+287.1%), from €620 to €2,400
- Gross operating margin -€59,657
down €59,657 (-68.7%), from €86,853 to €27,196
- Taxes -€11,429
down €11,429 (-64.4%), from €17,749 to €6,320
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.
Cash bridge derived
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 | €116,521 | €141,041 | +€24,520 | +21.0% |
| Formation expenses | 20 | €302 | €0 | -€302 | -100.0% |
| Fixed assets | 21/28 | €1,126 | €22,056 | +€20,930 | +1858.6% |
| Tangible fixed assets | 22/27 | €1,126 | €22,056 | +€20,930 | +1858.6% |
| Furniture and vehicles | 24 | €1,126 | €22,056 | +€20,930 | +1858.6% |
| Current assets | 29/58 | €115,094 | €118,985 | +€3,892 | +3.4% |
| Amounts receivable within one year | 40/41 | €19,208 | €25,343 | +€6,134 | +31.9% |
| Trade receivables | 40 | €19,172 | €20,805 | +€1,634 | +8.5% |
| Other amounts receivable | 41 | €37 | €4,537 | +€4,501 | +12226.8% |
| Cash at bank and in hand | 54/58 | €92,389 | €91,113 | -€1,276 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,497 | €2,530 | -€967 | -27.6% |
| Total equity and liabilities | 10/49 | €116,521 | €141,041 | +€24,520 | +21.0% |
| Equity | 10/15 | €85,208 | €101,449 | +€16,241 | +19.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,208 | €81,449 | +€16,241 | +24.9% |
| Distributable reserves | 133 | €65,208 | €81,449 | +€16,241 | +24.9% |
| Amounts payable | 17/49 | €31,313 | €39,592 | +€8,279 | +26.4% |
| Amounts payable within one year | 42/48 | €30,693 | €37,192 | +€6,499 | +21.2% |
| Trade debts | 44 | €9,511 | €6,333 | -€3,177 | -33.4% |
| Suppliers | 440/4 | €9,511 | €6,333 | -€3,177 | -33.4% |
| Taxes, remuneration and social security | 45 | €18,242 | €24,081 | +€5,839 | +32.0% |
| Taxes | 450/3 | €18,242 | €24,081 | +€5,839 | +32.0% |
| Other amounts payable | 47/48 | €2,941 | €6,778 | +€3,838 | +130.5% |
| Accrued charges and deferred income | 492/3 | €620 | €2,400 | +€1,780 | +287.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €846 | -€430 | -33.7% |
| Gross operating margin | 9900 | €86,853 | €27,196 | -€59,657 | -68.7% |
| Operating profit (loss) | 9901 | €85,577 | €26,350 | -€59,228 | -69.2% |
| Financial income | 75/76B | €336 | €0 | -€336 | -99.9% |
| Recurring financial income | 75 | €336 | €0 | -€336 | -99.9% |
| Financial charges | 65/66B | €2,956 | €3,789 | +€833 | +28.2% |
| Recurring financial charges | 65 | €2,956 | €3,789 | +€833 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €82,957 | €22,561 | -€60,397 | -72.8% |
| Income taxes | 67/77 | €17,749 | €6,320 | -€11,429 | -64.4% |
| Profit (loss) for the period | 9904 | €65,208 | €16,241 | -€48,967 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,208 | €16,241 | -€48,967 | -75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.