GENSCOM: 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.
GENSCOM
Largest movements
- Cash -€419,993
down €419,993 (-46.9%), from €896,408 to €476,415
mainly Investment in fixed assets (net) (-€510,664) and Debts after one year (-€153,121)
- Intangible fixed assets +€74,881
up €74,881 (+15.0%), from €497,758 to €572,639
- Receivables within one year -€59,646
down €59,646 (-21.8%), from €274,085 to €214,439
of which Trade receivables: -€56,012
- Stocks and contracts +€52,521
up €52,521 (+144.5%), from €36,337 to €88,859
- Debts after one year -€153,121
down €153,121 (-12.2%), from €1.3m to €1.1m
- Reserves -€113,996
down €113,996 (-30.5%), from €373,890 to €259,894
of which Distributable reserves: -€113,996
- Trade debts -€53,809
down €53,809 (-22.0%), from €244,111 to €190,302
- Current portion of long-term debt -€44,654
down €44,654 (-22.6%), from €197,775 to €153,121
- Depreciation +€155,006
up €155,006 (+52.4%), from €296,051 to €451,057
- Staff costs +€63,061
up €63,061 (+9.4%), from €668,419 to €731,480
- Taxes -€36,146
down €36,146 (-98.8%), from €36,590 to €444
- Financial charges +€21,579
up €21,579 (+92.5%), from €23,323 to €44,902
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 | €2,518,550 | €2,171,783 | -€346,767 | -13.8% |
| Fixed assets | 21/28 | €1,294,893 | €1,354,500 | +€59,607 | +4.6% |
| Intangible fixed assets | 21 | €497,758 | €572,639 | +€74,881 | +15.0% |
| Tangible fixed assets | 22/27 | €779,135 | €763,861 | -€15,274 | -2.0% |
| Plant, machinery and equipment | 23 | €689,672 | €685,923 | -€3,749 | -0.5% |
| Furniture and vehicles | 24 | €86,292 | €77,938 | -€8,354 | -9.7% |
| Leasing and similar rights | 25 | €3,171 | - | -€3,171 | |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €1,223,658 | €817,283 | -€406,375 | -33.2% |
| Stocks and contracts in progress | 3 | €36,337 | €88,859 | +€52,521 | +144.5% |
| Stocks | 30/36 | €36,337 | €88,859 | +€52,521 | +144.5% |
| Amounts receivable within one year | 40/41 | €274,085 | €214,439 | -€59,646 | -21.8% |
| Trade receivables | 40 | €263,175 | €207,163 | -€56,012 | -21.3% |
| Other amounts receivable | 41 | €10,910 | €7,276 | -€3,634 | -33.3% |
| Cash at bank and in hand | 54/58 | €896,408 | €476,415 | -€419,993 | -46.9% |
| Deferred charges and accrued income | 490/1 | €16,827 | €37,570 | +€20,744 | +123.3% |
| Total equity and liabilities | 10/49 | €2,518,550 | €2,171,783 | -€346,767 | -13.8% |
| Equity | 10/15 | €673,890 | €559,894 | -€113,996 | -16.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €373,890 | €259,894 | -€113,996 | -30.5% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €343,890 | €229,894 | -€113,996 | -33.1% |
| Amounts payable | 17/49 | €1,844,661 | €1,611,889 | -€232,771 | -12.6% |
| Amounts payable after more than one year | 17 | €1,254,529 | €1,101,408 | -€153,121 | -12.2% |
| Financial debts | 170/4 | €1,254,529 | €1,101,408 | -€153,121 | -12.2% |
| Amounts payable within one year | 42/48 | €549,702 | €470,264 | -€79,438 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €197,775 | €153,121 | -€44,654 | -22.6% |
| Financial debts | 43 | €5,994 | €3,232 | -€2,762 | -46.1% |
| Credit institutions | 430/8 | €5,994 | €3,232 | -€2,762 | -46.1% |
| Trade debts | 44 | €244,111 | €190,302 | -€53,809 | -22.0% |
| Suppliers | 440/4 | €244,111 | €190,302 | -€53,809 | -22.0% |
| Taxes, remuneration and social security | 45 | €101,822 | €123,608 | +€21,786 | +21.4% |
| Taxes | 450/3 | €25,260 | €32,807 | +€7,547 | +29.9% |
| Remuneration and social security | 454/9 | €76,562 | €90,802 | +€14,240 | +18.6% |
| Accrued charges and deferred income | 492/3 | €40,429 | €40,217 | -€212 | -0.5% |
| Remuneration, social security and pensions | 62 | €668,419 | €731,480 | +€63,061 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,051 | €451,057 | +€155,006 | +52.4% |
| Other operating charges | 640/8 | €2,059 | €2,050 | -€10 | -0.5% |
| Gross operating margin | 9900 | €1,122,462 | €1,113,766 | -€8,697 | -0.8% |
| Operating profit (loss) | 9901 | €155,934 | -€70,821 | -€226,754 | |
| Financial income | 75/76B | €9,961 | €2,171 | -€7,790 | -78.2% |
| Recurring financial income | 75 | €9,961 | €2,171 | -€7,790 | -78.2% |
| Financial charges | 65/66B | €23,323 | €44,902 | +€21,579 | +92.5% |
| Recurring financial charges | 65 | €23,323 | €44,902 | +€21,579 | +92.5% |
| Profit (loss) for the period before taxes | 9903 | €142,572 | -€113,552 | -€256,124 | |
| Income taxes | 67/77 | €36,590 | €444 | -€36,146 | -98.8% |
| Profit (loss) for the period | 9904 | €105,982 | -€113,996 | -€219,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,982 | -€113,996 | -€219,978 |
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 2 October 2026 via checked.be.