Georges SIMONARD/GENCENTER: what changed
Georges SIMONARD/GENCENTER
Largest movements
- Tangible fixed assets +€715,026
up €715,026 (+7.2%), from €9.9m to €10.7m
of which Plant, machinery and equipment: +€717,726
- Cash -€474,746
down €474,746 (-74.3%), from €639,360 to €164,615
mainly Investment in fixed assets (net) (-€1.0m) and Net result for the year (-€304,496)
- Other debts +€524,400
up €524,400 (+5.2%), from €10.1m to €10.6m
- Profit (loss) carried forward -€304,496
down €304,496 (-45.3%), from -€671,546 to -€976,042
- Depreciation +€73,602
up €73,602 (+32.3%), from €227,799 to €301,401
- Gross operating margin +€10,824
up €10,824 (+27.8%), from -€38,899 to -€28,075
- Taxes -€6,619
down €6,619, from €964 to -€5,655
- Financial income -€5,656
down €5,656 (-16.6%), from €34,081 to €28,425
- Other operating charges -€4,812
down €4,812 (-38.3%), from €12,554 to €7,742
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,923,008 | €11,169,774 | +€246,766 | +2.3% |
| Fixed assets | 21/28 | €9,947,161 | €10,662,187 | +€715,026 | +7.2% |
| Tangible fixed assets | 22/27 | €9,947,161 | €10,662,187 | +€715,026 | +7.2% |
| Land and buildings | 22 | €4,412,301 | €4,412,301 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,503,309 | €6,221,035 | +€717,726 | +13.0% |
| Furniture and vehicles | 24 | €31,551 | €28,852 | -€2,700 | -8.6% |
| Current assets | 29/58 | €975,847 | €507,587 | -€468,260 | -48.0% |
| Amounts receivable within one year | 40/41 | €5,102 | €7,288 | +€2,186 | +42.8% |
| Trade receivables | 40 | €5,102 | €7,266 | +€2,164 | +42.4% |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Current investments | 50/53 | €329,385 | €329,385 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €639,360 | €164,615 | -€474,746 | -74.3% |
| Deferred charges and accrued income | 490/1 | €2,000 | €6,300 | +€4,300 | +215% |
| Total equity and liabilities | 10/49 | €10,923,008 | €11,169,774 | +€246,766 | +2.3% |
| Equity | 10/15 | €833,477 | €528,982 | -€304,496 | -36.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €5,023 | €5,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,023 | €5,023 | = | 0.0% |
| Legal reserve | 130 | €5,023 | €5,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€671,546 | -€976,042 | -€304,496 | -45.3% |
| Amounts payable | 17/49 | €10,089,531 | €10,640,793 | +€551,262 | +5.5% |
| Amounts payable within one year | 42/48 | €10,088,731 | €10,640,793 | +€552,062 | +5.5% |
| Trade debts | 44 | €12,461 | €38,123 | +€25,662 | +206% |
| Suppliers | 440/4 | €12,461 | €38,123 | +€25,662 | +206% |
| Taxes, remuneration and social security | 45 | - | €2,000 | +€2,000 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €10,076,270 | €10,600,670 | +€524,400 | +5.2% |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,799 | €301,401 | +€73,602 | +32.3% |
| Other operating charges | 640/8 | €12,554 | €7,742 | -€4,812 | -38.3% |
| Gross operating margin | 9900 | -€38,899 | -€28,075 | +€10,824 | +27.8% |
| Operating profit (loss) | 9901 | -€279,252 | -€337,218 | -€57,966 | -20.8% |
| Financial income | 75/76B | €34,081 | €28,425 | -€5,656 | -16.6% |
| Recurring financial income | 75 | €34,081 | €28,425 | -€5,656 | -16.6% |
| Financial charges | 65/66B | €1,398 | €1,358 | -€40 | -2.9% |
| Recurring financial charges | 65 | €1,398 | €1,358 | -€40 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€246,569 | -€310,151 | -€63,581 | -25.8% |
| Income taxes | 67/77 | €964 | -€5,655 | -€6,619 | |
| Profit (loss) for the period | 9904 | -€247,534 | -€304,496 | -€56,962 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€247,534 | -€304,496 | -€56,962 | -23.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.