Genuine Plus: 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.
Genuine Plus
Largest movements
- Cash +€17,216
up €17,216 (+13.1%), from €131,489 to €148,705
mainly Net result for the year (+€60,364) and Depreciation (+€13,651)
- Receivables within one year +€13,698
up €13,698 (+42.9%), from €31,912 to €45,610
of which Trade receivables: +€11,035
- Tangible fixed assets -€6,494
down €6,494 (-5.0%), from €130,408 to €123,913
of which Land and buildings: -€3,760
- Deferred charges and accrued income +€6,488
up €6,488 (+376.6%), from €1,723 to €8,211
- Reserves +€36,732
up €36,732 (+23.9%), from €153,972 to €190,703
of which Distributable reserves: +€36,732
- Debts after one year -€13,058
down €13,058 (-13.8%), from €94,899 to €81,841
- Other debts +€11,429
up €11,429 (+306.8%), from €3,725 to €15,154
- Gross operating margin +€24,216
up €24,216 (+30.4%), from €79,664 to €103,879
- Taxes +€7,703
up €7,703 (+45.6%), from €16,909 to €24,612
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 | €295,532 | €326,439 | +€30,908 | +10.5% |
| Fixed assets | 21/28 | €130,408 | €123,913 | -€6,494 | -5.0% |
| Tangible fixed assets | 22/27 | €130,408 | €123,913 | -€6,494 | -5.0% |
| Land and buildings | 22 | €77,277 | €73,517 | -€3,760 | -4.9% |
| Plant, machinery and equipment | 23 | €48,666 | €45,718 | -€2,949 | -6.1% |
| Furniture and vehicles | 24 | €4,464 | €4,678 | +€214 | +4.8% |
| Current assets | 29/58 | €165,124 | €202,526 | +€37,402 | +22.7% |
| Amounts receivable within one year | 40/41 | €31,912 | €45,610 | +€13,698 | +42.9% |
| Trade receivables | 40 | €27,821 | €38,856 | +€11,035 | +39.7% |
| Other amounts receivable | 41 | €4,091 | €6,754 | +€2,663 | +65.1% |
| Cash at bank and in hand | 54/58 | €131,489 | €148,705 | +€17,216 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,723 | €8,211 | +€6,488 | +376.6% |
| Total equity and liabilities | 10/49 | €295,532 | €326,439 | +€30,908 | +10.5% |
| Equity | 10/15 | €172,572 | €209,303 | +€36,732 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,972 | €190,703 | +€36,732 | +23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,112 | €188,843 | +€36,732 | +24.1% |
| Amounts payable | 17/49 | €122,960 | €117,136 | -€5,824 | -4.7% |
| Amounts payable after more than one year | 17 | €94,899 | €81,841 | -€13,058 | -13.8% |
| Financial debts | 170/4 | €94,899 | €81,841 | -€13,058 | -13.8% |
| Amounts payable within one year | 42/48 | €27,324 | €35,295 | +€7,971 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €12,879 | €13,058 | +€178 | +1.4% |
| Trade debts | 44 | €6,578 | €3,831 | -€2,747 | -41.8% |
| Suppliers | 440/4 | €6,578 | €3,831 | -€2,747 | -41.8% |
| Taxes, remuneration and social security | 45 | €4,141 | €3,252 | -€889 | -21.5% |
| Taxes | 450/3 | €4,141 | €3,252 | -€889 | -21.5% |
| Other amounts payable | 47/48 | €3,725 | €15,154 | +€11,429 | +306.8% |
| Accrued charges and deferred income | 492/3 | €737 | - | -€737 | |
| Non-recurring operating income | 76A | €9,626 | - | -€9,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,783 | €13,651 | +€867 | +6.8% |
| Other operating charges | 640/8 | €5,212 | €4,809 | -€403 | -7.7% |
| Gross operating margin | 9900 | €79,664 | €103,879 | +€24,216 | +30.4% |
| Operating profit (loss) | 9901 | €61,668 | €85,419 | +€23,752 | +38.5% |
| Financial income | 75/76B | €443 | €1,199 | +€757 | +170.9% |
| Recurring financial income | 75 | €443 | €1,199 | +€757 | +170.9% |
| Financial charges | 65/66B | €2,096 | €1,643 | -€453 | -21.6% |
| Recurring financial charges | 65 | €2,096 | €1,643 | -€453 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €60,015 | €84,976 | +€24,961 | +41.6% |
| Income taxes | 67/77 | €16,909 | €24,612 | +€7,703 | +45.6% |
| Profit (loss) for the period | 9904 | €43,106 | €60,364 | +€17,258 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,106 | €60,364 | +€17,258 | +40.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.