GENO: 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.
GENO
Largest movements
- Cash +€117,770
up €117,770 (+96.9%), from €121,533 to €239,303
mainly Other debts (+€295,756) and Net result for the year (+€91,960)
- Other debts +€295,756
up €295,756 (+715%), from €41,391 to €337,147
- Reserves -€175,395
down €175,395 (-45.4%), from €386,664 to €211,269
of which Distributable reserves: -€175,395
- Gross operating margin -€12,478
down €12,478 (-8.0%), from €156,083 to €143,606
- Taxes -€3,947
down €3,947 (-13.3%), from €29,740 to €25,793
- Staff costs -€3,285
down €3,285 (-22.2%), from €14,814 to €11,529
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 | €445,457 | €565,838 | +€120,382 | +27.0% |
| Fixed assets | 21/28 | €27,228 | €31,049 | +€3,821 | +14.0% |
| Tangible fixed assets | 22/27 | €26,958 | €30,779 | +€3,821 | +14.2% |
| Plant, machinery and equipment | 23 | €26,958 | €30,779 | +€3,821 | +14.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €418,229 | €534,790 | +€116,561 | +27.9% |
| Amounts receivable within one year | 40/41 | €32,696 | €31,486 | -€1,210 | -3.7% |
| Trade receivables | 40 | €13,841 | €10,878 | -€2,963 | -21.4% |
| Other amounts receivable | 41 | €18,855 | €20,608 | +€1,754 | +9.3% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,533 | €239,303 | +€117,770 | +96.9% |
| Deferred charges and accrued income | 490/1 | €14,000 | €14,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €445,457 | €565,838 | +€120,382 | +27.0% |
| Equity | 10/15 | €392,864 | €217,469 | -€175,395 | -44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €386,664 | €211,269 | -€175,395 | -45.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €384,804 | €209,409 | -€175,395 | -45.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,593 | €348,370 | +€295,777 | +562% |
| Amounts payable within one year | 42/48 | €50,244 | €345,305 | +€295,061 | +587% |
| Trade debts | 44 | €6,612 | €6,038 | -€574 | -8.7% |
| Suppliers | 440/4 | €6,612 | €6,038 | -€574 | -8.7% |
| Taxes, remuneration and social security | 45 | €2,240 | €2,120 | -€120 | -5.4% |
| Taxes | 450/3 | €419 | €376 | -€42 | -10.1% |
| Remuneration and social security | 454/9 | €1,822 | €1,744 | -€78 | -4.3% |
| Other amounts payable | 47/48 | €41,391 | €337,147 | +€295,756 | +715% |
| Accrued charges and deferred income | 492/3 | €2,349 | €3,065 | +€716 | +30.5% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €14,814 | €11,529 | -€3,285 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,736 | €8,877 | +€1,141 | +14.7% |
| Other operating charges | 640/8 | €1,862 | €3,055 | +€1,193 | +64.0% |
| Gross operating margin | 9900 | €156,083 | €143,606 | -€12,478 | -8.0% |
| Operating profit (loss) | 9901 | €131,671 | €120,145 | -€11,526 | -8.8% |
| Financial income | 75/76B | €932 | €950 | +€18 | +2.0% |
| Recurring financial income | 75 | €932 | €950 | +€18 | +2.0% |
| Financial charges | 65/66B | €2,393 | €3,341 | +€948 | +39.6% |
| Recurring financial charges | 65 | €2,393 | €3,341 | +€948 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €130,209 | €117,753 | -€12,456 | -9.6% |
| Income taxes | 67/77 | €29,740 | €25,793 | -€3,947 | -13.3% |
| Profit (loss) for the period | 9904 | €100,469 | €91,960 | -€8,509 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,469 | €91,960 | -€8,509 | -8.5% |
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 14 October 2026 via checked.be.