GENSCO: 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.
GENSCO
Largest movements
- Tangible fixed assets +€51,795
up €51,795 (+440%), from €11,768 to €63,563
of which Plant, machinery and equipment: +€30,175
- Receivables within one year +€6,130
up €6,130 (+139%), from €4,401 to €10,531
of which Other amounts receivable: +€10,531
- Cash -€2,946
down €2,946 (-11.8%), from €24,888 to €21,942
mainly Investment in fixed assets (net) (-€65,241) and Receivables within one year (-€6,130)
- Profit (loss) carried forward +€25,643
up €25,643 (+273%), from €9,377 to €35,020
- Other debts +€15,295
up €15,295 (+101%), from €15,180 to €30,475
- Tax, wage and social debts +€10,586
up €10,586 (+254%), from €4,166 to €14,752
- Trade debts +€3,455
up €3,455 (+29.2%), from €11,834 to €15,288
- Gross operating margin +€36,627
up €36,627 (+270%), from €13,562 to €50,189
- Depreciation +€12,754
up €12,754 (+1,843%), from €692 to €13,446
- Taxes +€6,578
up €6,578 (+193%), from €3,410 to €9,988
- Other operating charges +€940
up €940 (+1,143%), from €82 to €1,022
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 | €41,057 | €96,036 | +€54,979 | +134% |
| Fixed assets | 21/28 | €11,768 | €63,563 | +€51,795 | +440% |
| Tangible fixed assets | 22/27 | €11,768 | €63,563 | +€51,795 | +440% |
| Plant, machinery and equipment | 23 | €2,323 | €32,498 | +€30,175 | +1,299% |
| Furniture and vehicles | 24 | €9,444 | €31,064 | +€21,620 | +229% |
| Current assets | 29/58 | €29,289 | €32,473 | +€3,184 | +10.9% |
| Amounts receivable within one year | 40/41 | €4,401 | €10,531 | +€6,130 | +139% |
| Trade receivables | 40 | €4,401 | - | -€4,401 | |
| Other amounts receivable | 41 | - | €10,531 | +€10,531 | |
| Cash at bank and in hand | 54/58 | €24,888 | €21,942 | -€2,946 | -11.8% |
| Total equity and liabilities | 10/49 | €41,057 | €96,036 | +€54,979 | +134% |
| Equity | 10/15 | €9,877 | €35,520 | +€25,643 | +260% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | €500 | €500 | = | 0.0% |
| Issued capital | 100 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,377 | €35,020 | +€25,643 | +273% |
| Amounts payable | 17/49 | €31,180 | €60,516 | +€29,336 | +94.1% |
| Amounts payable within one year | 42/48 | €31,180 | €60,516 | +€29,336 | +94.1% |
| Trade debts | 44 | €11,834 | €15,288 | +€3,455 | +29.2% |
| Suppliers | 440/4 | €11,834 | €15,288 | +€3,455 | +29.2% |
| Taxes, remuneration and social security | 45 | €4,166 | €14,752 | +€10,586 | +254% |
| Taxes | 450/3 | €4,166 | €14,752 | +€10,586 | +254% |
| Other amounts payable | 47/48 | €15,180 | €30,475 | +€15,295 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €692 | €13,446 | +€12,754 | +1,843% |
| Other operating charges | 640/8 | €82 | €1,022 | +€940 | +1,143% |
| Gross operating margin | 9900 | €13,562 | €50,189 | +€36,627 | +270% |
| Operating profit (loss) | 9901 | €12,787 | €35,721 | +€22,933 | +179% |
| Financial charges | 65/66B | - | €90 | +€90 | |
| Recurring financial charges | 65 | - | €90 | +€90 | |
| Profit (loss) for the period before taxes | 9903 | €12,787 | €35,631 | +€22,844 | +179% |
| Income taxes | 67/77 | €3,410 | €9,988 | +€6,578 | +193% |
| Profit (loss) for the period | 9904 | €9,377 | €25,643 | +€16,266 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €9,377 | €25,643 | +€16,266 | +173% |
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 16 October 2026 via checked.be.