Genteq: 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.
Genteq
Largest movements
- Receivables within one year +€380,157
up €380,157 (+50.5%), from €753,450 to €1.1m
of which Trade receivables: +€519,289
- Stocks and contracts +€243,338
new in 2025: €243,338
of which Contracts in progress: +€214,557
- Intangible fixed assets -€36,998
down €36,998 (-14.6%), from €254,089 to €217,091
- Tangible fixed assets -€28,723
down €28,723 (-27.8%), from €103,293 to €74,569
of which Furniture and vehicles: -€15,291
- Other debts +€517,638
up €517,638 (+1,851%), from €27,964 to €545,602
- Trade debts +€167,612
up €167,612 (+57.3%), from €292,545 to €460,158
- Reserves -€150,000
down €150,000 (-24.2%), from €620,635 to €470,635
- Current portion of long-term debt +€24,121
up €24,121 (+28.0%), from €86,136 to €110,256
- Gross operating margin +€409,583
up €409,583 (+30.5%), from €1.3m to €1.8m
- Staff costs +€112,254
up €112,254 (+12.1%), from €931,052 to €1.0m
- Taxes -€18,503
down €18,503 (-18.7%), from €99,124 to €80,621
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.
Derived cash bridge
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 | €1,423,283 | €1,990,941 | +€567,658 | +39.9% |
| Fixed assets | 21/28 | €357,382 | €291,660 | -€65,722 | -18.4% |
| Intangible fixed assets | 21 | €254,089 | €217,091 | -€36,998 | -14.6% |
| Tangible fixed assets | 22/27 | €103,293 | €74,569 | -€28,723 | -27.8% |
| Plant, machinery and equipment | 23 | €12,666 | €9,193 | -€3,473 | -27.4% |
| Furniture and vehicles | 24 | €44,403 | €29,112 | -€15,291 | -34.4% |
| Other tangible fixed assets | 26 | €46,224 | €36,265 | -€9,959 | -21.5% |
| Current assets | 29/58 | €1,065,902 | €1,699,281 | +€633,380 | +59.4% |
| Stocks and contracts in progress | 3 | - | €243,338 | +€243,338 | |
| Stocks | 30/36 | - | €28,781 | +€28,781 | |
| Contracts in progress | 37 | - | €214,557 | +€214,557 | |
| Amounts receivable within one year | 40/41 | €753,450 | €1,133,607 | +€380,157 | +50.5% |
| Trade receivables | 40 | €520,724 | €1,040,013 | +€519,289 | +99.7% |
| Other amounts receivable | 41 | €232,726 | €93,594 | -€139,132 | -59.8% |
| Cash at bank and in hand | 54/58 | €281,260 | €284,361 | +€3,102 | +1.1% |
| Deferred charges and accrued income | 490/1 | €31,192 | €37,976 | +€6,784 | +21.7% |
| Total equity and liabilities | 10/49 | €1,423,283 | €1,990,941 | +€567,658 | +39.9% |
| Equity | 10/15 | €826,835 | €689,235 | -€137,600 | -16.6% |
| Contributions | 10/11 | €206,200 | €218,600 | +€12,400 | +6.0% |
| Reserves | 13 | €620,635 | €470,635 | -€150,000 | -24.2% |
| Distributable reserves | 133 | €620,635 | €470,635 | -€150,000 | -24.2% |
| Amounts payable | 17/49 | €596,448 | €1,301,706 | +€705,258 | +118% |
| Amounts payable within one year | 42/48 | €596,448 | €1,298,060 | +€701,612 | +118% |
| Current portion of amounts payable after more than one year | 42 | €86,136 | €110,256 | +€24,121 | +28.0% |
| Trade debts | 44 | €292,545 | €460,158 | +€167,612 | +57.3% |
| Suppliers | 440/4 | €292,545 | €460,158 | +€167,612 | +57.3% |
| Taxes, remuneration and social security | 45 | €189,803 | €182,045 | -€7,758 | -4.1% |
| Taxes | 450/3 | €61,252 | €63,800 | +€2,548 | +4.2% |
| Remuneration and social security | 454/9 | €128,551 | €118,245 | -€10,307 | -8.0% |
| Other amounts payable | 47/48 | €27,964 | €545,602 | +€517,638 | +1,851% |
| Accrued charges and deferred income | 492/3 | - | €3,646 | +€3,646 | |
| Non-recurring operating income | 76A | €4,893 | - | -€4,893 | |
| Remuneration, social security and pensions | 62 | €931,052 | €1,043,306 | +€112,254 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,412 | €65,698 | +€3,286 | +5.3% |
| Other operating charges | 640/8 | €6,772 | €8,839 | +€2,067 | +30.5% |
| Gross operating margin | 9900 | €1,342,312 | €1,751,895 | +€409,583 | +30.5% |
| Operating profit (loss) | 9901 | €342,077 | €634,053 | +€291,976 | +85.4% |
| Financial income | 75/76B | €3,726 | €8,264 | +€4,538 | +122% |
| Recurring financial income | 75 | €73 | €69 | -€5 | -6.2% |
| Non-recurring financial income | 76B | €3,653 | €8,195 | +€4,542 | +124% |
| Financial charges | 65/66B | €16,379 | €16,705 | +€326 | +2.0% |
| Recurring financial charges | 65 | €16,379 | €16,705 | +€326 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €329,424 | €625,612 | +€296,188 | +89.9% |
| Income taxes | 67/77 | €99,124 | €80,621 | -€18,503 | -18.7% |
| Profit (loss) for the period | 9904 | €230,300 | €544,990 | +€314,691 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €230,300 | €544,990 | +€314,691 | +137% |
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 13 October 2026 via checked.be.