GENSERV: 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.
GENSERV
Largest movements
- Cash +€4,841
up €4,841 (+434.7%), from €1,114 to €5,955
mainly Net result for the year (+€12,770) and Depreciation (+€2,694)
- Tangible fixed assets +€1,327
up €1,327 (+10.6%), from €12,582 to €13,910
of which Furniture and vehicles: +€2,314
- Reserves +€12,770
up €12,770 (+73.7%), from €17,331 to €30,101
- Current portion of long-term debt -€7,443
down €7,443 (-74.1%), from €10,048 to €2,605
- Debts after one year -€2,865
down €2,865 (-17.4%), from €16,484 to €13,619
of which Financial debts: -€2,865
- Other debts +€2,269
up €2,269 (+12.1%), from €18,742 to €21,011
- Tax, wage and social debts +€1,900
up €1,900 (+37.3%), from €5,097 to €6,997
of which Remuneration and social security: +€3,620
- Taxes +€3,759
up €3,759 (+138.8%), from €2,709 to €6,468
- Gross operating margin -€2,389
down €2,389 (-8.0%), from €29,832 to €27,443
- Depreciation +€634
up €634 (+30.8%), from €2,060 to €2,694
- Financial charges -€573
down €573 (-11.9%), from €4,804 to €4,231
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 | €115,196 | €123,273 | +€8,077 | +7.0% |
| Fixed assets | 21/28 | €32,882 | €34,210 | +€1,327 | +4.0% |
| Tangible fixed assets | 22/27 | €12,582 | €13,910 | +€1,327 | +10.6% |
| Furniture and vehicles | 24 | €5,084 | €7,398 | +€2,314 | +45.5% |
| Other tangible fixed assets | 26 | €7,498 | €6,512 | -€986 | -13.2% |
| Financial fixed assets | 28 | €20,300 | €20,300 | = | 0.0% |
| Current assets | 29/58 | €82,314 | €89,063 | +€6,750 | +8.2% |
| Amounts receivable after more than one year | 29 | €29,700 | €29,700 | = | 0.0% |
| Trade receivables | 290 | €29,700 | €29,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,839 | €52,070 | +€1,232 | +2.4% |
| Trade receivables | 40 | €50,822 | €51,036 | +€214 | +0.4% |
| Other amounts receivable | 41 | €17 | €1,034 | +€1,017 | +6087.3% |
| Current investments | 50/53 | €17 | €18 | +€0 | +0.5% |
| Cash at bank and in hand | 54/58 | €1,114 | €5,955 | +€4,841 | +434.7% |
| Deferred charges and accrued income | 490/1 | €644 | €1,321 | +€677 | +105.1% |
| Total equity and liabilities | 10/49 | €115,196 | €123,273 | +€8,077 | +7.0% |
| Equity | 10/15 | €60,931 | €73,701 | +€12,770 | +21.0% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €17,331 | €30,101 | +€12,770 | +73.7% |
| Distributable reserves | 133 | €17,331 | €30,101 | +€12,770 | +73.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,266 | €49,572 | -€4,693 | -8.6% |
| Amounts payable after more than one year | 17 | €16,484 | €13,619 | -€2,865 | -17.4% |
| Financial debts | 170/4 | €2,865 | €0 | -€2,865 | -100.0% |
| Other amounts payable | 178/9 | €13,619 | €13,619 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,370 | €34,546 | -€1,824 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €10,048 | €2,605 | -€7,443 | -74.1% |
| Financial debts | 43 | €739 | €595 | -€144 | -19.4% |
| Credit institutions | 430/8 | €739 | €595 | -€144 | -19.4% |
| Trade debts | 44 | €1,744 | €3,337 | +€1,592 | +91.3% |
| Suppliers | 440/4 | €1,744 | €3,337 | +€1,592 | +91.3% |
| Taxes, remuneration and social security | 45 | €5,097 | €6,997 | +€1,900 | +37.3% |
| Taxes | 450/3 | €5,097 | €3,377 | -€1,720 | -33.7% |
| Remuneration and social security | 454/9 | - | €3,620 | +€3,620 | |
| Other amounts payable | 47/48 | €18,742 | €21,011 | +€2,269 | +12.1% |
| Accrued charges and deferred income | 492/3 | €1,411 | €1,407 | -€4 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €2,694 | +€634 | +30.8% |
| Other operating charges | 640/8 | €1,384 | €1,279 | -€105 | -7.6% |
| Gross operating margin | 9900 | €29,832 | €27,443 | -€2,389 | -8.0% |
| Operating profit (loss) | 9901 | €26,388 | €23,470 | -€2,918 | -11.1% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100.0% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €4,804 | €4,231 | -€573 | -11.9% |
| Recurring financial charges | 65 | €4,804 | €4,231 | -€573 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €21,602 | €19,238 | -€2,363 | -10.9% |
| Income taxes | 67/77 | €2,709 | €6,468 | +€3,759 | +138.8% |
| Profit (loss) for the period | 9904 | €18,893 | €12,770 | -€6,122 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,893 | €12,770 | -€6,122 | -32.4% |
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 7 October 2026 via checked.be.