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 +€22,290
up €22,290 (+135.5%), from €16,451 to €38,741
mainly Net result for the year (+€36,390) and Depreciation (+€9,983)
- Stocks and contracts -€9,552
down €9,552 (-7.0%), from €136,458 to €126,906
- Tangible fixed assets -€8,454
down €8,454 (-39.6%), from €21,349 to €12,895
- Receivables within one year -€3,523
down €3,523 (-38.9%), from €9,060 to €5,537
of which Other amounts receivable: -€5,133
- Profit (loss) carried forward +€33,290
up €33,290 (+471.3%), from €7,063 to €40,353
- Trade debts -€29,201
down €29,201 (-73.6%), from €39,693 to €10,492
- Other debts -€11,576
down €11,576 (-9.6%), from €120,357 to €108,781
- Tax, wage and social debts +€6,438
up €6,438 (+45.2%), from €14,229 to €20,667
- Accrued charges and deferred income +€2,030
up €2,030 (+203.0%), from €1,000 to €3,030
- Gross operating margin +€36,027
up €36,027 (+194.2%), from €18,550 to €54,578
- Taxes +€7,107
up €7,107 (+400.5%), from €1,775 to €8,882
- Depreciation +€1,768
up €1,768 (+21.5%), from €8,216 to €9,983
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 | €184,842 | €185,822 | +€981 | +0.5% |
| Fixed assets | 21/28 | €21,350 | €12,896 | -€8,454 | -39.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,349 | €12,895 | -€8,454 | -39.6% |
| Furniture and vehicles | 24 | €21,349 | €12,895 | -€8,454 | -39.6% |
| Current assets | 29/58 | €163,492 | €172,927 | +€9,435 | +5.8% |
| Stocks and contracts in progress | 3 | €136,458 | €126,906 | -€9,552 | -7.0% |
| Stocks | 30/36 | €136,458 | €126,906 | -€9,552 | -7.0% |
| Amounts receivable within one year | 40/41 | €9,060 | €5,537 | -€3,523 | -38.9% |
| Trade receivables | 40 | €1,209 | €2,819 | +€1,610 | +133.2% |
| Other amounts receivable | 41 | €7,851 | €2,718 | -€5,133 | -65.4% |
| Cash at bank and in hand | 54/58 | €16,451 | €38,741 | +€22,290 | +135.5% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,743 | +€220 | +14.4% |
| Total equity and liabilities | 10/49 | €184,842 | €185,822 | +€981 | +0.5% |
| Equity | 10/15 | €9,563 | €42,853 | +€33,290 | +348.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,063 | €40,353 | +€33,290 | +471.3% |
| Amounts payable | 17/49 | €175,279 | €142,969 | -€32,309 | -18.4% |
| Amounts payable within one year | 42/48 | €174,279 | €139,939 | -€34,339 | -19.7% |
| Trade debts | 44 | €39,693 | €10,492 | -€29,201 | -73.6% |
| Suppliers | 440/4 | €39,693 | €10,492 | -€29,201 | -73.6% |
| Taxes, remuneration and social security | 45 | €14,229 | €20,667 | +€6,438 | +45.2% |
| Taxes | 450/3 | €14,229 | €20,667 | +€6,438 | +45.2% |
| Other amounts payable | 47/48 | €120,357 | €108,781 | -€11,576 | -9.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €3,030 | +€2,030 | +203.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,216 | €9,983 | +€1,768 | +21.5% |
| Other operating charges | 640/8 | €789 | €644 | -€145 | -18.4% |
| Gross operating margin | 9900 | €18,550 | €54,578 | +€36,027 | +194.2% |
| Operating profit (loss) | 9901 | €9,545 | €43,950 | +€34,405 | +360.4% |
| Financial income | 75/76B | €830 | €1,326 | +€496 | +59.8% |
| Recurring financial income | 75 | €830 | €1,326 | +€496 | +59.8% |
| Financial charges | 65/66B | €64 | €4 | -€60 | -93.6% |
| Recurring financial charges | 65 | €64 | €4 | -€60 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €10,311 | €45,272 | +€34,961 | +339.1% |
| Income taxes | 67/77 | €1,775 | €8,882 | +€7,107 | +400.5% |
| Profit (loss) for the period | 9904 | €8,536 | €36,390 | +€27,854 | +326.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,536 | €36,390 | +€27,854 | +326.3% |
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 9 October 2026 via checked.be.