GENVAL LES DAMES: 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 LES DAMES
Largest movements
- Receivables within one year +€195,821
up €195,821 (+118%), from €165,442 to €361,263
of which Trade receivables: +€197,859
- Receivables after one year -€63,095
down €63,095 (-100%), from €63,095 to €0
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€39,661
down €39,661 (-18.1%), from €218,630 to €178,969
of which Furniture and vehicles: -€53,237
- Cash -€36,014
down €36,014 (-55.5%), from €64,937 to €28,923
mainly Receivables within one year (-€195,821) and Tax, wage and social debts (-€46,703)
- Tax, wage and social debts -€46,703
down €46,703 (-60.0%), from €77,810 to €31,107
of which Remuneration and social security: -€43,813
- Current portion of long-term debt -€41,353
down €41,353 (-64.4%), from €64,196 to €22,844
- Short-term financial debts +€41,058
up €41,058 (+25.5%), from €160,717 to €201,774
- Profit (loss) carried forward +€31,060
up €31,060 (+4.1%), from -€760,411 to -€729,351
- Accrued charges and deferred income +€6,600
up €6,600 (+135%), from €4,879 to €11,480
- Staff costs -€161,780
down €161,780 (-32.8%), from €493,653 to €331,873
- Gross operating margin +€120,611
up €120,611 (+33.4%), from €361,062 to €481,674
- Write-downs +€40,779
up €40,779, from -€34,849 to €5,929
- Other operating charges -€36,359
down €36,359 (-94.2%), from €38,598 to €2,239
- Depreciation -€27,492
down €27,492 (-30.9%), from €88,850 to €61,358
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 | €630,585 | €613,102 | -€17,483 | -2.8% |
| Fixed assets | 21/28 | €266,317 | €209,893 | -€56,424 | -21.2% |
| Intangible fixed assets | 21 | €5,688 | €23,924 | +€18,236 | +321% |
| Tangible fixed assets | 22/27 | €218,630 | €178,969 | -€39,661 | -18.1% |
| Plant, machinery and equipment | 23 | €26,226 | €53,935 | +€27,709 | +106% |
| Furniture and vehicles | 24 | €57,274 | €4,037 | -€53,237 | -93.0% |
| Other tangible fixed assets | 26 | €135,129 | €120,997 | -€14,132 | -10.5% |
| Financial fixed assets | 28 | €42,000 | €7,000 | -€35,000 | -83.3% |
| Current assets | 29/58 | €364,267 | €403,209 | +€38,941 | +10.7% |
| Amounts receivable after more than one year | 29 | €63,095 | €0 | -€63,095 | -100% |
| Trade receivables | 290 | €63,095 | €0 | -€63,095 | -100% |
| Amounts receivable within one year | 40/41 | €165,442 | €361,263 | +€195,821 | +118% |
| Trade receivables | 40 | €162,054 | €359,913 | +€197,859 | +122% |
| Other amounts receivable | 41 | €3,388 | €1,350 | -€2,039 | -60.2% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €64,937 | €28,923 | -€36,014 | -55.5% |
| Deferred charges and accrued income | 490/1 | €20,793 | €13,023 | -€7,770 | -37.4% |
| Total equity and liabilities | 10/49 | €630,585 | €613,102 | -€17,483 | -2.8% |
| Equity | 10/15 | €213,589 | €244,649 | +€31,060 | +14.5% |
| Contributions | 10/11 | €884,000 | €884,000 | = | 0.0% |
| Capital | 10 | €884,000 | €884,000 | = | 0.0% |
| Issued capital | 100 | €884,000 | €884,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€760,411 | -€729,351 | +€31,060 | +4.1% |
| Amounts payable | 17/49 | €416,996 | €368,453 | -€48,543 | -11.6% |
| Amounts payable after more than one year | 17 | €39,843 | €35,014 | -€4,829 | -12.1% |
| Financial debts | 170/4 | €39,843 | €35,014 | -€4,829 | -12.1% |
| Amounts payable within one year | 42/48 | €372,274 | €321,959 | -€50,314 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €64,196 | €22,844 | -€41,353 | -64.4% |
| Financial debts | 43 | €160,717 | €201,774 | +€41,058 | +25.5% |
| Credit institutions | 430/8 | €160,717 | €201,774 | +€41,058 | +25.5% |
| Trade debts | 44 | €63,438 | €66,235 | +€2,797 | +4.4% |
| Suppliers | 440/4 | €63,438 | €66,235 | +€2,797 | +4.4% |
| Taxes, remuneration and social security | 45 | €77,810 | €31,107 | -€46,703 | -60.0% |
| Taxes | 450/3 | €20,036 | €17,145 | -€2,891 | -14.4% |
| Remuneration and social security | 454/9 | €57,774 | €13,961 | -€43,813 | -75.8% |
| Other amounts payable | 47/48 | €6,113 | €0 | -€6,113 | -100% |
| Accrued charges and deferred income | 492/3 | €4,879 | €11,480 | +€6,600 | +135% |
| Non-recurring operating income | 76A | €0 | €4,798 | +€4,798 | |
| Remuneration, social security and pensions | 62 | €493,653 | €331,873 | -€161,780 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,850 | €61,358 | -€27,492 | -30.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€34,849 | €5,929 | +€40,779 | |
| Other operating charges | 640/8 | €38,598 | €2,239 | -€36,359 | -94.2% |
| Non-recurring operating charges | 66A | €114 | €17,928 | +€17,814 | +15,626% |
| Gross operating margin | 9900 | €361,062 | €481,674 | +€120,611 | +33.4% |
| Operating profit (loss) | 9901 | -€225,303 | €62,346 | +€287,650 | |
| Financial income | 75/76B | €8,514 | €4,441 | -€4,073 | -47.8% |
| Recurring financial income | 75 | €8,514 | €4,441 | -€4,073 | -47.8% |
| Financial charges | 65/66B | €10,647 | €35,562 | +€24,915 | +234% |
| Recurring financial charges | 65 | €10,647 | €15,675 | +€5,027 | +47.2% |
| Non-recurring financial charges | 66B | - | €19,888 | +€19,888 | |
| Profit (loss) for the period before taxes | 9903 | -€227,437 | €31,225 | +€258,662 | |
| Income taxes | 67/77 | €1,013 | €165 | -€848 | -83.7% |
| Profit (loss) for the period | 9904 | -€228,450 | €31,060 | +€259,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€228,450 | €31,060 | +€259,510 |
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.