GENU-ARTE: 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.
GENU-ARTE
Largest movements
- Deferred charges and accrued income -€29,482
down €29,482 (-96.4%), from €30,572 to €1,090
- Receivables within one year +€13,145
up €13,145 (+19.3%), from €68,254 to €81,398
of which Other amounts receivable: +€10,800
- Intangible fixed assets -€8,336
down €8,336 (-33.3%), from €25,007 to €16,671
- Tangible fixed assets -€5,403
down €5,403 (-42.1%), from €12,828 to €7,425
of which Furniture and vehicles: -€3,648
- Trade debts -€33,967
down €33,967 (-85.1%), from €39,913 to €5,946
- Other debts +€19,528
up €19,528 (+34.1%), from €57,241 to €76,769
- Profit (loss) carried forward -€18,797
down €18,797 (-12.5%), from -€150,636 to -€169,432
- Gross operating margin +€47,074
up €47,074 (+83.0%), from -€56,682 to -€9,608
- Depreciation +€1,490
up €1,490 (+12.2%), from €12,249 to €13,739
- Financial income -€1,335
down €1,335 (-16.5%), from €8,077 to €6,742
- Other operating charges +€1,192
up €1,192 (+155%), from €769 to €1,961
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 | €523,952 | €494,634 | -€29,317 | -5.6% |
| Fixed assets | 21/28 | €37,835 | €24,096 | -€13,739 | -36.3% |
| Intangible fixed assets | 21 | €25,007 | €16,671 | -€8,336 | -33.3% |
| Tangible fixed assets | 22/27 | €12,828 | €7,425 | -€5,403 | -42.1% |
| Furniture and vehicles | 24 | €8,644 | €4,996 | -€3,648 | -42.2% |
| Other tangible fixed assets | 26 | €4,184 | €2,429 | -€1,756 | -42.0% |
| Current assets | 29/58 | €486,117 | €470,538 | -€15,578 | -3.2% |
| Amounts receivable after more than one year | 29 | €386,000 | €386,000 | = | 0.0% |
| Other amounts receivable | 291 | €386,000 | €386,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,254 | €81,398 | +€13,145 | +19.3% |
| Trade receivables | 40 | - | €2,345 | +€2,345 | |
| Other amounts receivable | 41 | €68,254 | €79,054 | +€10,800 | +15.8% |
| Cash at bank and in hand | 54/58 | €1,291 | €2,050 | +€759 | +58.8% |
| Deferred charges and accrued income | 490/1 | €30,572 | €1,090 | -€29,482 | -96.4% |
| Total equity and liabilities | 10/49 | €523,952 | €494,634 | -€29,317 | -5.6% |
| Equity | 10/15 | €426,459 | €407,662 | -€18,797 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €564,695 | €564,695 | = | 0.0% |
| Distributable reserves | 133 | €564,695 | €564,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,636 | -€169,432 | -€18,797 | -12.5% |
| Amounts payable | 17/49 | €97,493 | €86,972 | -€10,521 | -10.8% |
| Amounts payable within one year | 42/48 | €97,493 | €86,972 | -€10,521 | -10.8% |
| Trade debts | 44 | €39,913 | €5,946 | -€33,967 | -85.1% |
| Suppliers | 440/4 | €39,913 | €5,946 | -€33,967 | -85.1% |
| Taxes, remuneration and social security | 45 | €339 | €4,257 | +€3,918 | +1,157% |
| Taxes | 450/3 | €339 | €4,257 | +€3,918 | +1,157% |
| Other amounts payable | 47/48 | €57,241 | €76,769 | +€19,528 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,249 | €13,739 | +€1,490 | +12.2% |
| Other operating charges | 640/8 | €769 | €1,961 | +€1,192 | +155% |
| Gross operating margin | 9900 | -€56,682 | -€9,608 | +€47,074 | +83.0% |
| Operating profit (loss) | 9901 | -€69,700 | -€25,308 | +€44,392 | +63.7% |
| Financial income | 75/76B | €8,077 | €6,742 | -€1,335 | -16.5% |
| Recurring financial income | 75 | €8,077 | €6,742 | -€1,335 | -16.5% |
| Financial charges | 65/66B | €145 | €54 | -€91 | -62.8% |
| Recurring financial charges | 65 | €145 | €54 | -€91 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | -€61,769 | -€18,621 | +€43,148 | +69.9% |
| Income taxes | 67/77 | €175 | €176 | +€1 | +0.5% |
| Profit (loss) for the period | 9904 | -€61,944 | -€18,797 | +€43,147 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,944 | -€18,797 | +€43,147 | +69.7% |
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 23 October 2026 via checked.be.