Genten: 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.
Genten
Largest movements
- Stocks and contracts -€499,772
down €499,772 (-19.5%), from €2.6m to €2.1m
- Tangible fixed assets +€286,407
up €286,407 (+25.4%), from €1.1m to €1.4m
of which Furniture and vehicles: +€313,557
- Cash +€164,451
up €164,451 (+24.6%), from €669,117 to €833,568
mainly Net result for the year (+€723,022) and Stocks and contracts (+€499,772)
- Advances received -€467,531
no longer reported in 2025 (was €467,531)
- Reserves +€426,600
up €426,600 (+17.1%), from €2.5m to €2.9m
of which Tax-exempt reserves: +€310,000
- Other debts +€264,442
up €264,442 (+66.7%), from €396,223 to €660,665
- Debts after one year -€196,036
down €196,036 (-17.5%), from €1.1m to €921,419
- Short-term financial debts -€100,000
down €100,000 (-87.0%), from €115,000 to €15,000
- Gross operating margin +€590,514
up €590,514 (+34.8%), from €1.7m to €2.3m
- Taxes +€124,870
up €124,870 (+65.7%), from €189,993 to €314,862
- Depreciation +€83,417
up €83,417 (+49.9%), from €167,286 to €250,703
- Staff costs +€80,212
up €80,212 (+10.3%), from €776,278 to €856,491
- Financial charges -€41,906
down €41,906 (-28.0%), from €149,410 to €107,505
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 | €5,022,176 | €4,908,856 | -€113,321 | -2.3% |
| Fixed assets | 21/28 | €1,131,174 | €1,425,882 | +€294,708 | +26.1% |
| Intangible fixed assets | 21 | - | €8,302 | +€8,302 | |
| Tangible fixed assets | 22/27 | €1,128,374 | €1,414,780 | +€286,407 | +25.4% |
| Land and buildings | 22 | €629,801 | €624,299 | -€5,502 | -0.9% |
| Plant, machinery and equipment | 23 | €178,054 | €156,406 | -€21,648 | -12.2% |
| Furniture and vehicles | 24 | €320,518 | €634,076 | +€313,557 | +97.8% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €3,891,003 | €3,482,973 | -€408,029 | -10.5% |
| Amounts receivable after more than one year | 29 | €480,386 | €479,886 | -€500 | -0.1% |
| Other amounts receivable | 291 | €480,386 | €479,886 | -€500 | -0.1% |
| Stocks and contracts in progress | 3 | €2,563,137 | €2,063,365 | -€499,772 | -19.5% |
| Stocks | 30/36 | €2,563,137 | €2,063,365 | -€499,772 | -19.5% |
| Amounts receivable within one year | 40/41 | €144,458 | €101,491 | -€42,966 | -29.7% |
| Trade receivables | 40 | €85,417 | €23,970 | -€61,447 | -71.9% |
| Other amounts receivable | 41 | €59,041 | €77,522 | +€18,481 | +31.3% |
| Cash at bank and in hand | 54/58 | €669,117 | €833,568 | +€164,451 | +24.6% |
| Deferred charges and accrued income | 490/1 | €33,906 | €4,663 | -€29,243 | -86.2% |
| Total equity and liabilities | 10/49 | €5,022,176 | €4,908,856 | -€113,321 | -2.3% |
| Equity | 10/15 | €2,514,848 | €2,942,470 | +€427,622 | +17.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,492,759 | €2,919,359 | +€426,600 | +17.1% |
| Tax-exempt reserves | 132 | - | €310,000 | +€310,000 | |
| Distributable reserves | 133 | €2,492,759 | €2,609,359 | +€116,600 | +4.7% |
| Profit (loss) carried forward | 14 | €3,497 | €4,519 | +€1,022 | +29.2% |
| Amounts payable | 17/49 | €2,507,328 | €1,966,385 | -€540,943 | -21.6% |
| Amounts payable after more than one year | 17 | €1,117,455 | €921,419 | -€196,036 | -17.5% |
| Financial debts | 170/4 | €1,117,455 | €921,419 | -€196,036 | -17.5% |
| Amounts payable within one year | 42/48 | €1,382,373 | €1,036,966 | -€345,406 | -25.0% |
| Financial debts | 43 | €115,000 | €15,000 | -€100,000 | -87.0% |
| Credit institutions | 430/8 | €115,000 | €15,000 | -€100,000 | -87.0% |
| Trade debts | 44 | €138,108 | €153,710 | +€15,602 | +11.3% |
| Suppliers | 440/4 | €138,108 | €153,710 | +€15,602 | +11.3% |
| Advances received on contracts in progress | 46 | €467,531 | - | -€467,531 | |
| Taxes, remuneration and social security | 45 | €265,512 | €207,591 | -€57,920 | -21.8% |
| Taxes | 450/3 | €198,666 | €84,870 | -€113,796 | -57.3% |
| Remuneration and social security | 454/9 | €66,846 | €122,721 | +€55,876 | +83.6% |
| Other amounts payable | 47/48 | €396,223 | €660,665 | +€264,442 | +66.7% |
| Accrued charges and deferred income | 492/3 | €7,500 | €8,000 | +€500 | +6.7% |
| Non-recurring operating income | 76A | €31 | - | -€31 | |
| Remuneration, social security and pensions | 62 | €776,278 | €856,491 | +€80,212 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,286 | €250,703 | +€83,417 | +49.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €500 | €10,413 | +€9,913 | +1982.5% |
| Other operating charges | 640/8 | €42,375 | €47,635 | +€5,260 | +12.4% |
| Non-recurring operating charges | 66A | - | €14,000 | +€14,000 | |
| Gross operating margin | 9900 | €1,696,954 | €2,287,468 | +€590,514 | +34.8% |
| Operating profit (loss) | 9901 | €710,514 | €1,108,226 | +€397,712 | +56.0% |
| Financial income | 75/76B | €49,004 | €37,163 | -€11,841 | -24.2% |
| Recurring financial income | 75 | €49,004 | €37,163 | -€11,841 | -24.2% |
| Financial charges | 65/66B | €149,410 | €107,505 | -€41,906 | -28.0% |
| Recurring financial charges | 65 | €149,410 | €107,505 | -€41,906 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €610,108 | €1,037,884 | +€427,777 | +70.1% |
| Income taxes | 67/77 | €189,993 | €314,862 | +€124,870 | +65.7% |
| Profit (loss) for the period | 9904 | €420,115 | €723,022 | +€302,907 | +72.1% |
| Transfer to tax-exempt reserves | 689 | - | €310,000 | +€310,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €420,115 | €413,022 | -€7,093 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.