GENVAL 14: 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.
GENVAL 14
Largest movements
- Tangible fixed assets -€53,001
down €53,001 (-3.7%), from €1.4m to €1.4m
of which Land and buildings: -€49,395
- Debts after one year -€106,701
down €106,701 (-11.7%), from €912,171 to €805,471
- Profit (loss) carried forward +€40,184
up €40,184 (+17.8%), from €226,293 to €266,477
- Taxes +€11,478
up €11,478 (+515%), from €2,230 to €13,707
- Gross operating margin -€7,585
down €7,585 (-5.6%), from €135,917 to €128,332
- Financial charges -€5,300
down €5,300 (-31.6%), from €16,762 to €11,462
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 | €1,447,264 | €1,389,513 | -€57,750 | -4.0% |
| Fixed assets | 21/28 | €1,429,680 | €1,376,679 | -€53,001 | -3.7% |
| Tangible fixed assets | 22/27 | €1,429,680 | €1,376,679 | -€53,001 | -3.7% |
| Land and buildings | 22 | €1,423,051 | €1,373,656 | -€49,395 | -3.5% |
| Other tangible fixed assets | 26 | €6,629 | €3,023 | -€3,606 | -54.4% |
| Current assets | 29/58 | €17,584 | €12,834 | -€4,750 | -27.0% |
| Amounts receivable within one year | 40/41 | - | €1,293 | +€1,293 | |
| Other amounts receivable | 41 | - | €1,293 | +€1,293 | |
| Cash at bank and in hand | 54/58 | €17,584 | €11,541 | -€6,042 | -34.4% |
| Total equity and liabilities | 10/49 | €1,447,264 | €1,389,513 | -€57,750 | -4.0% |
| Equity | 10/15 | €429,132 | €469,317 | +€40,184 | +9.4% |
| Contributions | 10/11 | €202,840 | €202,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,293 | €266,477 | +€40,184 | +17.8% |
| Amounts payable | 17/49 | €1,018,131 | €920,197 | -€97,935 | -9.6% |
| Amounts payable after more than one year | 17 | €912,171 | €805,471 | -€106,701 | -11.7% |
| Financial debts | 170/4 | €912,171 | €805,471 | -€106,701 | -11.7% |
| Amounts payable within one year | 42/48 | €103,748 | €110,289 | +€6,541 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €101,286 | €106,701 | +€5,415 | +5.3% |
| Trade debts | 44 | €490 | €2,983 | +€2,494 | +509% |
| Suppliers | 440/4 | €490 | €2,983 | +€2,494 | +509% |
| Taxes, remuneration and social security | 45 | €730 | - | -€730 | |
| Taxes | 450/3 | €730 | - | -€730 | |
| Other amounts payable | 47/48 | €1,242 | €605 | -€637 | -51.3% |
| Accrued charges and deferred income | 492/3 | €2,212 | €4,437 | +€2,225 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,001 | €53,001 | = | 0.0% |
| Other operating charges | 640/8 | €10,541 | €9,977 | -€564 | -5.3% |
| Gross operating margin | 9900 | €135,917 | €128,332 | -€7,585 | -5.6% |
| Operating profit (loss) | 9901 | €72,375 | €65,354 | -€7,021 | -9.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.1% |
| Financial charges | 65/66B | €16,762 | €11,462 | -€5,300 | -31.6% |
| Recurring financial charges | 65 | €16,762 | €11,462 | -€5,300 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €55,614 | €53,892 | -€1,722 | -3.1% |
| Income taxes | 67/77 | €2,230 | €13,707 | +€11,478 | +515% |
| Profit (loss) for the period | 9904 | €53,384 | €40,184 | -€13,200 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,384 | €40,184 | -€13,200 | -24.7% |
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 16 October 2026 via checked.be.