GENUINE: 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.
GENUINE
Largest movements
- Cash +€41,651
up €41,651 (+1,111%), from €3,748 to €45,398
mainly Trade debts (+€35,492) and Other debts (+€14,318)
- Tangible fixed assets +€14,112
up €14,112 (+180%), from €7,853 to €21,965
of which Furniture and vehicles: +€18,027
- Deferred charges and accrued income -€12,907
down €12,907 (-20.9%), from €61,785 to €48,877
- Receivables within one year -€6,413
down €6,413 (-28.3%), from €22,688 to €16,274
- Trade debts +€35,492
up €35,492 (+5,860%), from €606 to €36,097
- Other debts +€14,318
up €14,318 (+59.4%), from €24,105 to €38,422
- Tax, wage and social debts -€5,739
down €5,739 (-45.9%), from €12,504 to €6,765
of which Taxes: -€5,739
- Profit (loss) carried forward -€4,423
down €4,423 (-19.0%), from -€23,328 to -€27,751
- Debts after one year -€3,012
down €3,012 (-51.7%), from €5,828 to €2,816
- Gross operating margin +€20,114
up €20,114, from -€17,323 to €2,790
- Depreciation +€885
up €885 (+18.1%), from €4,893 to €5,778
- Other operating charges -€493
down €493 (-48.3%), from €1,021 to €528
- Financial charges +€462
up €462 (+126%), from €366 to €828
- Financial income -€276
down €276 (-100%), from €276 to €0
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 | €96,073 | €132,515 | +€36,442 | +37.9% |
| Fixed assets | 21/28 | €7,853 | €21,965 | +€14,112 | +180% |
| Tangible fixed assets | 22/27 | €7,853 | €21,965 | +€14,112 | +180% |
| Plant, machinery and equipment | 23 | €653 | €199 | -€455 | -69.6% |
| Furniture and vehicles | 24 | - | €18,027 | +€18,027 | |
| Other tangible fixed assets | 26 | €7,199 | €3,739 | -€3,460 | -48.1% |
| Current assets | 29/58 | €88,220 | €110,550 | +€22,330 | +25.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,688 | €16,274 | -€6,413 | -28.3% |
| Trade receivables | 40 | €22,688 | €16,274 | -€6,413 | -28.3% |
| Cash at bank and in hand | 54/58 | €3,748 | €45,398 | +€41,651 | +1,111% |
| Deferred charges and accrued income | 490/1 | €61,785 | €48,877 | -€12,907 | -20.9% |
| Total equity and liabilities | 10/49 | €96,073 | €132,515 | +€36,442 | +37.9% |
| Equity | 10/15 | €49,826 | €45,402 | -€4,423 | -8.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €72,153 | €72,153 | = | 0.0% |
| Distributable reserves | 133 | €72,153 | €72,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,328 | -€27,751 | -€4,423 | -19.0% |
| Amounts payable | 17/49 | €46,247 | €87,112 | +€40,865 | +88.4% |
| Amounts payable after more than one year | 17 | €5,828 | €2,816 | -€3,012 | -51.7% |
| Financial debts | 170/4 | €5,828 | €2,816 | -€3,012 | -51.7% |
| Amounts payable within one year | 42/48 | €40,163 | €84,296 | +€44,133 | +110% |
| Current portion of amounts payable after more than one year | 42 | €2,950 | €3,012 | +€62 | +2.1% |
| Trade debts | 44 | €606 | €36,097 | +€35,492 | +5,860% |
| Suppliers | 440/4 | €606 | €36,097 | +€35,492 | +5,860% |
| Taxes, remuneration and social security | 45 | €12,504 | €6,765 | -€5,739 | -45.9% |
| Taxes | 450/3 | €12,504 | €6,765 | -€5,739 | -45.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,105 | €38,422 | +€14,318 | +59.4% |
| Accrued charges and deferred income | 492/3 | €256 | €0 | -€256 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,893 | €5,778 | +€885 | +18.1% |
| Other operating charges | 640/8 | €1,021 | €528 | -€493 | -48.3% |
| Gross operating margin | 9900 | -€17,323 | €2,790 | +€20,114 | |
| Operating profit (loss) | 9901 | -€23,238 | -€3,515 | +€19,723 | +84.9% |
| Financial income | 75/76B | €276 | €0 | -€276 | -100% |
| Recurring financial income | 75 | €276 | €0 | -€276 | -100% |
| Financial charges | 65/66B | €366 | €828 | +€462 | +126% |
| Recurring financial charges | 65 | €366 | €828 | +€462 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€23,328 | -€4,343 | +€18,984 | +81.4% |
| Income taxes | 67/77 | €0 | €80 | +€80 | |
| Profit (loss) for the period | 9904 | -€23,328 | -€4,423 | +€18,904 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,328 | -€4,423 | +€18,904 | +81.0% |
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 25 October 2026 via checked.be.