GENSTEJ: 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.
GENSTEJ
Largest movements
- Receivables within one year -€23,991
down €23,991 (-36.7%), from €65,344 to €41,353
of which Other amounts receivable: -€20,754
- Tangible fixed assets -€1,103
down €1,103 (-40.4%), from €2,729 to €1,626
- Cash +€872
new in 2024: €872
mainly Receivables within one year (+€23,991) and Trade debts (+€6,467)
- Profit (loss) carried forward -€13,498
down €13,498, from €254 to -€13,244
- Tax, wage and social debts -€8,915
down €8,915 (-94.1%), from €9,478 to €563
- Other debts -€7,150
down €7,150 (-56.3%), from €12,700 to €5,550
- Trade debts +€6,467
up €6,467 (+21.6%), from €29,975 to €36,442
- Short-term financial debts -€1,175
no longer reported in 2024 (was €1,175)
- Gross operating margin -€22,317
down €22,317, from €8,934 to -€13,383
- Other operating charges -€1,714
down €1,714 (-71.4%), from €2,401 to €687
- Taxes -€1,219
down €1,219, from €563 to -€656
- Financial charges -€1,162
down €1,162 (-70.4%), from €1,650 to €488
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.
Cash bridge derived
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 | €69,578 | €45,308 | -€24,271 | -34.9% |
| Fixed assets | 21/28 | €2,729 | €1,626 | -€1,103 | -40.4% |
| Tangible fixed assets | 22/27 | €2,729 | €1,626 | -€1,103 | -40.4% |
| Plant, machinery and equipment | 23 | €2,729 | €1,626 | -€1,103 | -40.4% |
| Current assets | 29/58 | €66,849 | €43,682 | -€23,167 | -34.7% |
| Amounts receivable within one year | 40/41 | €65,344 | €41,353 | -€23,991 | -36.7% |
| Trade receivables | 40 | €22,129 | €18,891 | -€3,238 | -14.6% |
| Other amounts receivable | 41 | €43,215 | €22,461 | -€20,754 | -48.0% |
| Cash at bank and in hand | 54/58 | - | €872 | +€872 | |
| Deferred charges and accrued income | 490/1 | €1,505 | €1,458 | -€48 | -3.2% |
| Total equity and liabilities | 10/49 | €69,578 | €45,308 | -€24,271 | -34.9% |
| Equity | 10/15 | €16,250 | €2,752 | -€13,498 | -83.1% |
| Contributions | 10/11 | €15,996 | €15,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254 | -€13,244 | -€13,498 | |
| Amounts payable | 17/49 | €53,328 | €42,555 | -€10,773 | -20.2% |
| Amounts payable within one year | 42/48 | €53,328 | €42,555 | -€10,773 | -20.2% |
| Financial debts | 43 | €1,175 | - | -€1,175 | |
| Credit institutions | 430/8 | €1,175 | - | -€1,175 | |
| Trade debts | 44 | €29,975 | €36,442 | +€6,467 | +21.6% |
| Suppliers | 440/4 | €29,975 | €36,442 | +€6,467 | +21.6% |
| Taxes, remuneration and social security | 45 | €9,478 | €563 | -€8,915 | -94.1% |
| Taxes | 450/3 | €9,478 | €563 | -€8,915 | -94.1% |
| Other amounts payable | 47/48 | €12,700 | €5,550 | -€7,150 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,103 | -€68 | -5.8% |
| Other operating charges | 640/8 | €2,401 | €687 | -€1,714 | -71.4% |
| Gross operating margin | 9900 | €8,934 | -€13,383 | -€22,317 | |
| Operating profit (loss) | 9901 | €5,362 | -€15,172 | -€20,534 | |
| Financial income | 75/76B | €1,627 | €1,507 | -€120 | -7.4% |
| Recurring financial income | 75 | €1,627 | €1,507 | -€120 | -7.4% |
| Financial charges | 65/66B | €1,650 | €488 | -€1,162 | -70.4% |
| Recurring financial charges | 65 | €1,650 | €488 | -€1,162 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €5,339 | -€14,153 | -€19,492 | |
| Income taxes | 67/77 | €563 | -€656 | -€1,219 | |
| Profit (loss) for the period | 9904 | €4,776 | -€13,498 | -€18,274 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,776 | -€13,498 | -€18,274 |
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 10 October 2026 via checked.be.