GENOVE: 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.
GENOVE
Largest movements
- Cash +€105,247
up €105,247 (+183%), from €57,640 to €162,887
mainly Net result for the year (+€138,405) and Tax, wage and social debts (+€52,951)
- Receivables within one year +€47,383
up €47,383 (+11.8%), from €399,956 to €447,339
of which Other amounts receivable: +€43,518
- Reserves +€138,000
up €138,000 (+104%), from €132,360 to €270,360
- Tax, wage and social debts +€52,951
up €52,951 (+90.0%), from €58,816 to €111,767
of which Taxes: +€52,144
- Other debts -€20,900
no longer reported in 2024 (was €20,900)
- Trade debts -€10,458
down €10,458 (-27.6%), from €37,853 to €27,395
- Current portion of long-term debt -€9,988
no longer reported in 2024 (was €9,988)
- Gross operating margin +€214,766
up €214,766 (+193%), from €111,404 to €326,171
- Other operating charges +€74,923
up €74,923 (+1,113%), from €6,732 to €81,656
- Taxes +€41,627
up €41,627 (+132%), from €31,616 to €73,243
- Staff costs +€6,003
up €6,003 (+18.8%), from €31,854 to €37,857
- Write-downs -€4,393
no longer reported in 2024 (was €4,393)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,449 | €614,460 | +€150,011 | +32.3% |
| Fixed assets | 21/28 | €6,852 | €4,233 | -€2,619 | -38.2% |
| Tangible fixed assets | 22/27 | €6,852 | €4,233 | -€2,619 | -38.2% |
| Plant, machinery and equipment | 23 | €3,806 | €2,448 | -€1,358 | -35.7% |
| Furniture and vehicles | 24 | €3,047 | €1,786 | -€1,261 | -41.4% |
| Current assets | 29/58 | €457,596 | €610,226 | +€152,630 | +33.4% |
| Amounts receivable within one year | 40/41 | €399,956 | €447,339 | +€47,383 | +11.8% |
| Trade receivables | 40 | €119,203 | €123,069 | +€3,865 | +3.2% |
| Other amounts receivable | 41 | €280,753 | €324,271 | +€43,518 | +15.5% |
| Cash at bank and in hand | 54/58 | €57,640 | €162,887 | +€105,247 | +183% |
| Total equity and liabilities | 10/49 | €464,449 | €614,460 | +€150,011 | +32.3% |
| Equity | 10/15 | €336,892 | €475,298 | +€138,405 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,360 | €270,360 | +€138,000 | +104% |
| Distributable reserves | 133 | €132,360 | €270,360 | +€138,000 | +104% |
| Profit (loss) carried forward | 14 | €198,332 | €198,738 | +€405 | +0.2% |
| Amounts payable | 17/49 | €127,556 | €139,162 | +€11,606 | +9.1% |
| Amounts payable within one year | 42/48 | €127,556 | €139,162 | +€11,606 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €9,988 | - | -€9,988 | |
| Trade debts | 44 | €37,853 | €27,395 | -€10,458 | -27.6% |
| Suppliers | 440/4 | €37,853 | €27,395 | -€10,458 | -27.6% |
| Taxes, remuneration and social security | 45 | €58,816 | €111,767 | +€52,951 | +90.0% |
| Taxes | 450/3 | €30,560 | €82,704 | +€52,144 | +171% |
| Remuneration and social security | 454/9 | €28,256 | €29,063 | +€807 | +2.9% |
| Other amounts payable | 47/48 | €20,900 | - | -€20,900 | |
| Remuneration, social security and pensions | 62 | €31,854 | €37,857 | +€6,003 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,741 | €2,619 | -€122 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,393 | - | -€4,393 | |
| Other operating charges | 640/8 | €6,732 | €81,656 | +€74,923 | +1,113% |
| Gross operating margin | 9900 | €111,404 | €326,171 | +€214,766 | +193% |
| Operating profit (loss) | 9901 | €65,683 | €204,039 | +€138,356 | +211% |
| Financial income | 75/76B | €12,833 | €15,658 | +€2,826 | +22.0% |
| Recurring financial income | 75 | €12,833 | €15,658 | +€2,826 | +22.0% |
| Financial charges | 65/66B | €10,588 | €8,049 | -€2,539 | -24.0% |
| Recurring financial charges | 65 | €10,588 | €8,049 | -€2,539 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €67,928 | €211,648 | +€143,721 | +212% |
| Income taxes | 67/77 | €31,616 | €73,243 | +€41,627 | +132% |
| Profit (loss) for the period | 9904 | €36,311 | €138,405 | +€102,094 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €36,311 | €138,405 | +€102,094 | +281% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.