GENOBO: 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.
GENOBO
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-83.7%), from €2.0m to €330,030
- Cash +€57,743
up €57,743, from €0 to €57,743
mainly Stocks and contracts (+€1.7m) and Net result for the year (+€74,607)
- Short-term financial debts -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Trade debts -€83,351
down €83,351 (-93.4%), from €89,248 to €5,897
- Other debts +€54,341
up €54,341 (+433%), from €12,550 to €66,891
- Debts after one year +€40,000
up €40,000 (+16.8%), from €237,500 to €277,500
- Profit (loss) carried forward +€31,333
up €31,333, from -€31,333 to €0
- Gross operating margin +€97,683
up €97,683, from -€3,345 to €94,337
- Taxes +€14,526
new in 2025: €14,526
- Financial charges +€1,353
up €1,353 (+39.1%), from €3,463 to €4,815
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 | €2,044,754 | €412,113 | -€1.6m | -79.8% |
| Fixed assets | 21/28 | €3,004 | €3,004 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €3,004 | €3,004 | = | 0.0% |
| Current assets | 29/58 | €2,041,750 | €409,109 | -€1.6m | -80.0% |
| Stocks and contracts in progress | 3 | €2,023,280 | €330,030 | -€1.7m | -83.7% |
| Stocks | 30/36 | €2,023,280 | €330,030 | -€1.7m | -83.7% |
| Amounts receivable within one year | 40/41 | €18,470 | €21,336 | +€2,866 | +15.5% |
| Trade receivables | 40 | €940 | €0 | -€940 | -100% |
| Other amounts receivable | 41 | €17,530 | €21,336 | +€3,806 | +21.7% |
| Cash at bank and in hand | 54/58 | €0 | €57,743 | +€57,743 | |
| Total equity and liabilities | 10/49 | €2,044,754 | €412,113 | -€1.6m | -79.8% |
| Equity | 10/15 | €36,543 | €61,824 | +€25,281 | +69.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €49,326 | €43,274 | -€6,051 | -12.3% |
| Distributable reserves | 133 | €49,326 | €43,274 | -€6,051 | -12.3% |
| Profit (loss) carried forward | 14 | -€31,333 | €0 | +€31,333 | |
| Amounts payable | 17/49 | €2,008,211 | €350,289 | -€1.7m | -82.6% |
| Amounts payable after more than one year | 17 | €237,500 | €277,500 | +€40,000 | +16.8% |
| Other amounts payable | 178/9 | €237,500 | €277,500 | +€40,000 | +16.8% |
| Amounts payable within one year | 42/48 | €1,766,106 | €72,789 | -€1.7m | -95.9% |
| Financial debts | 43 | €1,664,077 | €0 | -€1.7m | -100% |
| Credit institutions | 430/8 | €1,664,077 | €0 | -€1.7m | -100% |
| Trade debts | 44 | €89,248 | €5,897 | -€83,351 | -93.4% |
| Suppliers | 440/4 | €89,248 | €5,897 | -€83,351 | -93.4% |
| Taxes, remuneration and social security | 45 | €231 | €0 | -€231 | -100% |
| Taxes | 450/3 | €231 | €0 | -€231 | -100% |
| Other amounts payable | 47/48 | €12,550 | €66,891 | +€54,341 | +433% |
| Accrued charges and deferred income | 492/3 | €4,604 | €0 | -€4,604 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,233 | €400 | -€833 | -67.6% |
| Gross operating margin | 9900 | -€3,345 | €94,337 | +€97,683 | |
| Operating profit (loss) | 9901 | -€4,578 | €93,938 | +€98,516 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €3,463 | €4,815 | +€1,353 | +39.1% |
| Recurring financial charges | 65 | €3,463 | €4,815 | +€1,353 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,041 | €89,133 | +€97,174 | |
| Income taxes | 67/77 | - | €14,526 | +€14,526 | |
| Profit (loss) for the period | 9904 | -€8,041 | €74,607 | +€82,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,041 | €74,607 | +€82,648 |
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.