GENSYS: 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.
GENSYS
Largest movements
- Receivables within one year +€8,419
up €8,419 (+94.9%), from €8,871 to €17,290
of which Trade receivables: +€4,362
- Cash -€4,360
down €4,360 (-75.0%), from €5,813 to €1,453
mainly Contributions, distributions and other (-€14,292) and Investment in fixed assets (net) (-€12,949)
- Tangible fixed assets +€1,860
up €1,860 (+8.6%), from €21,532 to €23,392
of which Furniture and vehicles: +€8,070
- Other debts +€9,680
new in 2025: €9,680
- Reserves -€7,350
no longer reported in 2025 (was €7,350)
- Current portion of long-term debt +€4,049
up €4,049 (+42.4%), from €9,542 to €13,591
- Tax, wage and social debts +€2,457
up €2,457 (+81.4%), from €3,019 to €5,475
- Debts after one year -€1,865
down €1,865 (-14.3%), from €13,009 to €11,145
- Gross operating margin -€7,405
down €7,405 (-25.4%), from €29,108 to €21,703
- Taxes -€2,091
down €2,091 (-58.5%), from €3,575 to €1,484
- Depreciation +€1,412
up €1,412 (+14.6%), from €9,677 to €11,089
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 | €37,830 | €43,370 | +€5,540 | +14.6% |
| Fixed assets | 21/28 | €21,532 | €23,392 | +€1,860 | +8.6% |
| Tangible fixed assets | 22/27 | €21,532 | €23,392 | +€1,860 | +8.6% |
| Plant, machinery and equipment | 23 | - | €1,001 | +€1,001 | |
| Furniture and vehicles | 24 | €4,501 | €12,571 | +€8,070 | +179.3% |
| Leasing and similar rights | 25 | €17,032 | €9,820 | -€7,212 | -42.3% |
| Current assets | 29/58 | €16,298 | €19,978 | +€3,680 | +22.6% |
| Amounts receivable within one year | 40/41 | €8,871 | €17,290 | +€8,419 | +94.9% |
| Trade receivables | 40 | €5,807 | €10,168 | +€4,362 | +75.1% |
| Other amounts receivable | 41 | €3,064 | €7,122 | +€4,058 | +132.4% |
| Cash at bank and in hand | 54/58 | €5,813 | €1,453 | -€4,360 | -75.0% |
| Deferred charges and accrued income | 490/1 | €1,614 | €1,235 | -€379 | -23.5% |
| Total equity and liabilities | 10/49 | €37,830 | €43,370 | +€5,540 | +14.6% |
| Equity | 10/15 | €9,850 | €2,500 | -€7,350 | -74.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,350 | - | -€7,350 | |
| Distributable reserves | 133 | €7,350 | - | -€7,350 | |
| Amounts payable | 17/49 | €27,980 | €40,870 | +€12,890 | +46.1% |
| Amounts payable after more than one year | 17 | €13,009 | €11,145 | -€1,865 | -14.3% |
| Financial debts | 170/4 | €13,009 | €11,145 | -€1,865 | -14.3% |
| Amounts payable within one year | 42/48 | €14,971 | €29,725 | +€14,755 | +98.6% |
| Current portion of amounts payable after more than one year | 42 | €9,542 | €13,591 | +€4,049 | +42.4% |
| Trade debts | 44 | €2,410 | €979 | -€1,431 | -59.4% |
| Suppliers | 440/4 | €2,410 | €979 | -€1,431 | -59.4% |
| Taxes, remuneration and social security | 45 | €3,019 | €5,475 | +€2,457 | +81.4% |
| Taxes | 450/3 | €3,019 | €5,475 | +€2,457 | +81.4% |
| Other amounts payable | 47/48 | - | €9,680 | +€9,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,677 | €11,089 | +€1,412 | +14.6% |
| Other operating charges | 640/8 | €600 | €712 | +€112 | +18.7% |
| Gross operating margin | 9900 | €29,108 | €21,703 | -€7,405 | -25.4% |
| Operating profit (loss) | 9901 | €18,832 | €9,902 | -€8,930 | -47.4% |
| Financial charges | 65/66B | €1,348 | €1,476 | +€128 | +9.5% |
| Recurring financial charges | 65 | €1,348 | €1,476 | +€128 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €17,483 | €8,426 | -€9,057 | -51.8% |
| Income taxes | 67/77 | €3,575 | €1,484 | -€2,091 | -58.5% |
| Profit (loss) for the period | 9904 | €13,908 | €6,942 | -€6,966 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,908 | €6,942 | -€6,966 | -50.1% |
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.