GENRA: 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.
GENRA
Largest movements
- Cash -€149,084
down €149,084 (-54.0%), from €276,010 to €126,926
mainly Trade debts (-€144,200) and Net result for the year (-€65,925)
- Receivables within one year -€145,000
down €145,000 (-95.6%), from €151,745 to €6,745
of which Trade receivables: -€145,000
- Tangible fixed assets +€50,872
up €50,872 (+6.0%), from €851,190 to €902,062
of which Land and buildings: +€51,486
- Reserves -€301,860
down €301,860 (-52.3%), from €577,412 to €275,552
- Profit (loss) carried forward +€235,935
up €235,935 (+98.7%), from -€238,991 to -€3,056
- Trade debts -€144,200
down €144,200 (-88.8%), from €162,440 to €18,240
- Tax, wage and social debts -€23,066
down €23,066 (-76.7%), from €30,088 to €7,022
- Debts after one year -€13,489
down €13,489 (-3.6%), from €375,856 to €362,367
- Gross operating margin -€90,534
down €90,534, from €87,664 to -€2,869
- Financial charges +€24,763
up €24,763 (+145.3%), from €17,043 to €41,807
- Taxes -€6,039
down €6,039 (-25.3%), from €23,862 to €17,823
- Other operating charges -€2,000
down €2,000 (-64.4%), from €3,106 to €1,107
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 | €1,278,945 | €1,035,733 | -€243,212 | -19.0% |
| Fixed assets | 21/28 | €851,190 | €902,062 | +€50,872 | +6.0% |
| Tangible fixed assets | 22/27 | €851,190 | €902,062 | +€50,872 | +6.0% |
| Land and buildings | 22 | €829,113 | €880,599 | +€51,486 | +6.2% |
| Furniture and vehicles | 24 | €2,502 | €1,224 | -€1,278 | -51.1% |
| Other tangible fixed assets | 26 | €19,575 | €20,239 | +€664 | +3.4% |
| Current assets | 29/58 | €427,755 | €133,671 | -€294,084 | -68.8% |
| Amounts receivable within one year | 40/41 | €151,745 | €6,745 | -€145,000 | -95.6% |
| Trade receivables | 40 | €151,745 | €6,745 | -€145,000 | -95.6% |
| Other amounts receivable | 41 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €276,010 | €126,926 | -€149,084 | -54.0% |
| Total equity and liabilities | 10/49 | €1,278,945 | €1,035,733 | -€243,212 | -19.0% |
| Equity | 10/15 | €357,021 | €291,097 | -€65,925 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €577,412 | €275,552 | -€301,860 | -52.3% |
| Distributable reserves | 133 | €577,412 | €275,552 | -€301,860 | -52.3% |
| Profit (loss) carried forward | 14 | -€238,991 | -€3,056 | +€235,935 | +98.7% |
| Amounts payable | 17/49 | €921,923 | €744,636 | -€177,288 | -19.2% |
| Amounts payable after more than one year | 17 | €375,856 | €362,367 | -€13,489 | -3.6% |
| Financial debts | 170/4 | €375,856 | €362,367 | -€13,489 | -3.6% |
| Amounts payable within one year | 42/48 | €546,067 | €379,690 | -€166,377 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €12,868 | €13,489 | +€621 | +4.8% |
| Trade debts | 44 | €162,440 | €18,240 | -€144,200 | -88.8% |
| Suppliers | 440/4 | €162,440 | €18,240 | -€144,200 | -88.8% |
| Taxes, remuneration and social security | 45 | €30,088 | €7,022 | -€23,066 | -76.7% |
| Taxes | 450/3 | €30,088 | €7,022 | -€23,066 | -76.7% |
| Other amounts payable | 47/48 | €340,670 | €340,939 | +€269 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €2,578 | +€2,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | €2,319 | -€629 | -21.3% |
| Other operating charges | 640/8 | €3,106 | €1,107 | -€2,000 | -64.4% |
| Gross operating margin | 9900 | €87,664 | -€2,869 | -€90,534 | |
| Operating profit (loss) | 9901 | €81,610 | -€6,295 | -€87,905 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €17,043 | €41,807 | +€24,763 | +145.3% |
| Recurring financial charges | 65 | €17,043 | €41,807 | +€24,763 | +145.3% |
| Profit (loss) for the period before taxes | 9903 | €64,568 | -€48,101 | -€112,670 | |
| Income taxes | 67/77 | €23,862 | €17,823 | -€6,039 | -25.3% |
| Profit (loss) for the period | 9904 | €40,707 | -€65,925 | -€106,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,707 | -€65,925 | -€106,631 |
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 29 September 2026 via checked.be.