GeNx: 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.
GeNx
Largest movements
- Receivables within one year +€24,756
up €24,756 (+76.1%), from €32,527 to €57,283
of which Other amounts receivable: +€24,554
- Cash -€17,004
down €17,004 (-7.5%), from €227,839 to €210,835
mainly Contributions, distributions and other (-€528,773) and Investment in fixed assets (net) (-€42,470)
- Other debts +€527,521
up €527,521 (+3,888%), from €13,568 to €541,089
- Reserves -€495,647
down €495,647 (-100%), from €495,647 to €0
- Debts after one year -€22,990
down €22,990 (-8.3%), from €278,352 to €255,362
- Gross operating margin -€28,267
down €28,267 (-21.7%), from €130,192 to €101,926
- Depreciation +€11,838
up €11,838 (+33.4%), from €35,456 to €47,294
- Taxes -€9,573
down €9,573 (-41.4%), from €23,152 to €13,578
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 | €849,233 | €851,925 | +€2,693 | +0.3% |
| Fixed assets | 21/28 | €584,179 | €579,355 | -€4,824 | -0.8% |
| Tangible fixed assets | 22/27 | €583,579 | €575,755 | -€7,824 | -1.3% |
| Land and buildings | 22 | €424,601 | €412,069 | -€12,532 | -3.0% |
| Plant, machinery and equipment | 23 | - | €2,439 | +€2,439 | |
| Furniture and vehicles | 24 | €89,871 | €88,296 | -€1,575 | -1.8% |
| Other tangible fixed assets | 26 | €69,107 | €72,951 | +€3,844 | +5.6% |
| Financial fixed assets | 28 | €600 | €3,600 | +€3,000 | +500% |
| Current assets | 29/58 | €265,054 | €272,570 | +€7,517 | +2.8% |
| Amounts receivable within one year | 40/41 | €32,527 | €57,283 | +€24,756 | +76.1% |
| Trade receivables | 40 | €15,641 | €15,844 | +€203 | +1.3% |
| Other amounts receivable | 41 | €16,886 | €41,440 | +€24,554 | +145% |
| Cash at bank and in hand | 54/58 | €227,839 | €210,835 | -€17,004 | -7.5% |
| Deferred charges and accrued income | 490/1 | €4,688 | €4,453 | -€235 | -5.0% |
| Total equity and liabilities | 10/49 | €849,233 | €851,925 | +€2,693 | +0.3% |
| Equity | 10/15 | €514,247 | €18,600 | -€495,647 | -96.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €495,647 | €0 | -€495,647 | -100% |
| Distributable reserves | 133 | €495,647 | €0 | -€495,647 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €334,985 | €833,325 | +€498,340 | +149% |
| Amounts payable after more than one year | 17 | €278,352 | €255,362 | -€22,990 | -8.3% |
| Financial debts | 170/4 | €278,352 | €255,362 | -€22,990 | -8.3% |
| Amounts payable within one year | 42/48 | €55,484 | €576,811 | +€521,328 | +940% |
| Current portion of amounts payable after more than one year | 42 | €22,412 | €22,990 | +€578 | +2.6% |
| Financial debts | 43 | €1,652 | €0 | -€1,652 | -100% |
| Credit institutions | 430/8 | €1,652 | €0 | -€1,652 | -100% |
| Trade debts | 44 | €7,286 | €5,263 | -€2,023 | -27.8% |
| Suppliers | 440/4 | €7,286 | €5,263 | -€2,023 | -27.8% |
| Advances received on contracts in progress | 46 | €134 | €0 | -€134 | -100% |
| Taxes, remuneration and social security | 45 | €10,431 | €7,469 | -€2,961 | -28.4% |
| Taxes | 450/3 | €10,431 | €7,469 | -€2,961 | -28.4% |
| Other amounts payable | 47/48 | €13,568 | €541,089 | +€527,521 | +3,888% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,152 | +€2 | +0.2% |
| Non-recurring operating income | 76A | €5,208 | - | -€5,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,456 | €47,294 | +€11,838 | +33.4% |
| Other operating charges | 640/8 | €989 | €1,945 | +€956 | +96.7% |
| Gross operating margin | 9900 | €130,192 | €101,926 | -€28,267 | -21.7% |
| Operating profit (loss) | 9901 | €93,748 | €52,686 | -€41,061 | -43.8% |
| Financial income | 75/76B | €1,329 | €94 | -€1,235 | -92.9% |
| Recurring financial income | 75 | €1,329 | €94 | -€1,235 | -92.9% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €5,511 | €6,075 | +€565 | +10.2% |
| Recurring financial charges | 65 | €5,511 | €6,075 | +€565 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €89,565 | €46,705 | -€42,861 | -47.9% |
| Income taxes | 67/77 | €23,152 | €13,578 | -€9,573 | -41.4% |
| Profit (loss) for the period | 9904 | €66,414 | €33,126 | -€33,288 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,414 | €33,126 | -€33,288 | -50.1% |
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 14 October 2026 via checked.be.