GENUINE VENTURES: 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 VENTURES
Largest movements
- Receivables within one year -€9,329
down €9,329 (-57.7%), from €16,169 to €6,840
of which Trade receivables: -€12,002
- Tangible fixed assets -€8,185
down €8,185 (-99.6%), from €8,219 to €33
- Deferred charges and accrued income -€928
down €928 (-87.6%), from €1,059 to €131
- Profit (loss) carried forward -€20,735
down €20,735 (-10.6%), from -€195,263 to -€215,997
- Trade debts -€8,509
down €8,509 (-81.2%), from €10,479 to €1,969
- Other debts +€7,349
up €7,349 (+3.6%), from €201,619 to €208,968
- Short-term financial debts +€3,048
new in 2025: €3,048
- Tax, wage and social debts +€405
up €405 (+73.4%), from €551 to €956
- Gross operating margin +€10,911
up €10,911 (+52.8%), from -€20,661 to -€9,749
- Depreciation -€6,628
down €6,628 (-44.7%), from €14,813 to €8,185
- Financial charges -€635
down €635 (-35.8%), from €1,774 to €1,139
- Other operating charges -€332
down €332 (-20.9%), from €1,589 to €1,257
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,447 | €7,004 | -€18,443 | -72.5% |
| Fixed assets | 21/28 | €8,219 | €33 | -€8,185 | -99.6% |
| Tangible fixed assets | 22/27 | €8,219 | €33 | -€8,185 | -99.6% |
| Furniture and vehicles | 24 | €8,219 | €33 | -€8,185 | -99.6% |
| Current assets | 29/58 | €17,228 | €6,971 | -€10,257 | -59.5% |
| Amounts receivable within one year | 40/41 | €16,169 | €6,840 | -€9,329 | -57.7% |
| Trade receivables | 40 | €12,002 | €0 | -€12,002 | -100% |
| Other amounts receivable | 41 | €4,167 | €6,840 | +€2,673 | +64.1% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,059 | €131 | -€928 | -87.6% |
| Total equity and liabilities | 10/49 | €25,447 | €7,004 | -€18,443 | -72.5% |
| Equity | 10/15 | -€187,203 | -€207,937 | -€20,735 | -11.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,263 | -€215,997 | -€20,735 | -10.6% |
| Amounts payable | 17/49 | €212,649 | €214,941 | +€2,292 | +1.1% |
| Amounts payable within one year | 42/48 | €212,649 | €214,941 | +€2,292 | +1.1% |
| Financial debts | 43 | - | €3,048 | +€3,048 | |
| Credit institutions | 430/8 | - | €3,048 | +€3,048 | |
| Trade debts | 44 | €10,479 | €1,969 | -€8,509 | -81.2% |
| Suppliers | 440/4 | €10,479 | €1,969 | -€8,509 | -81.2% |
| Taxes, remuneration and social security | 45 | €551 | €956 | +€405 | +73.4% |
| Taxes | 450/3 | €551 | €956 | +€405 | +73.4% |
| Other amounts payable | 47/48 | €201,619 | €208,968 | +€7,349 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,813 | €8,185 | -€6,628 | -44.7% |
| Other operating charges | 640/8 | €1,589 | €1,257 | -€332 | -20.9% |
| Gross operating margin | 9900 | -€20,661 | -€9,749 | +€10,911 | +52.8% |
| Operating profit (loss) | 9901 | -€37,063 | -€19,191 | +€17,872 | +48.2% |
| Financial charges | 65/66B | €1,774 | €1,139 | -€635 | -35.8% |
| Recurring financial charges | 65 | €1,774 | €1,139 | -€635 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,837 | -€20,330 | +€18,507 | +47.7% |
| Income taxes | 67/77 | €551 | €405 | -€147 | -26.6% |
| Profit (loss) for the period | 9904 | -€39,388 | -€20,735 | +€18,654 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,388 | -€20,735 | +€18,654 | +47.4% |
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.