GL GENZANO: 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.
GL GENZANO
Largest movements
- Cash +€11,568
up €11,568 (+51.5%), from €22,448 to €34,016
mainly Trade debts (+€19,467) and Depreciation (+€8,796)
- Tangible fixed assets -€7,288
down €7,288 (-18.1%), from €40,309 to €33,021
of which Plant, machinery and equipment: -€6,955
- Receivables within one year -€5,913
down €5,913 (-16.2%), from €36,410 to €30,497
of which Trade receivables: -€6,294
- Stocks and contracts +€4,701
up €4,701 (+36.2%), from €12,997 to €17,698
- Trade debts +€19,467
up €19,467 (+665%), from €2,926 to €22,392
- Accrued charges and deferred income -€18,099
down €18,099 (-73.8%), from €24,510 to €6,411
- Debts after one year -€11,330
down €11,330 (-62.8%), from €18,051 to €6,721
- Reserves +€8,285
up €8,285 (+83.4%), from €9,938 to €18,223
- Tax, wage and social debts +€5,783
up €5,783 (+19.6%), from €29,471 to €35,253
of which Remuneration and social security: +€5,003
- Staff costs +€27,572
up €27,572 (+15.3%), from €180,038 to €207,610
- Gross operating margin +€23,428
up €23,428 (+11.1%), from €211,694 to €235,122
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 | €118,267 | €121,391 | +€3,124 | +2.6% |
| Fixed assets | 21/28 | €46,309 | €39,021 | -€7,288 | -15.7% |
| Tangible fixed assets | 22/27 | €40,309 | €33,021 | -€7,288 | -18.1% |
| Plant, machinery and equipment | 23 | €31,607 | €24,652 | -€6,955 | -22.0% |
| Furniture and vehicles | 24 | €1,193 | €2,058 | +€865 | +72.5% |
| Other tangible fixed assets | 26 | €7,510 | €6,311 | -€1,198 | -16.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €71,958 | €82,370 | +€10,412 | +14.5% |
| Stocks and contracts in progress | 3 | €12,997 | €17,698 | +€4,701 | +36.2% |
| Stocks | 30/36 | €12,997 | €17,698 | +€4,701 | +36.2% |
| Amounts receivable within one year | 40/41 | €36,410 | €30,497 | -€5,913 | -16.2% |
| Trade receivables | 40 | €34,518 | €28,224 | -€6,294 | -18.2% |
| Other amounts receivable | 41 | €1,892 | €2,273 | +€381 | +20.1% |
| Cash at bank and in hand | 54/58 | €22,448 | €34,016 | +€11,568 | +51.5% |
| Deferred charges and accrued income | 490/1 | €103 | €158 | +€55 | +53.4% |
| Total equity and liabilities | 10/49 | €118,267 | €121,391 | +€3,124 | +2.6% |
| Equity | 10/15 | €31,000 | €39,284 | +€8,285 | +26.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,938 | €18,223 | +€8,285 | +83.4% |
| Distributable reserves | 133 | €9,938 | €18,223 | +€8,285 | +83.4% |
| Profit (loss) carried forward | 14 | €1,061 | €1,061 | = | 0.0% |
| Amounts payable | 17/49 | €87,267 | €82,107 | -€5,161 | -5.9% |
| Amounts payable after more than one year | 17 | €18,051 | €6,721 | -€11,330 | -62.8% |
| Financial debts | 170/4 | €18,051 | €6,721 | -€11,330 | -62.8% |
| Amounts payable within one year | 42/48 | €44,707 | €68,975 | +€24,268 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €11,092 | €11,330 | +€237 | +2.1% |
| Trade debts | 44 | €2,926 | €22,392 | +€19,467 | +665% |
| Suppliers | 440/4 | €2,926 | €22,392 | +€19,467 | +665% |
| Taxes, remuneration and social security | 45 | €29,471 | €35,253 | +€5,783 | +19.6% |
| Taxes | 450/3 | €11,784 | €12,563 | +€780 | +6.6% |
| Remuneration and social security | 454/9 | €17,687 | €22,690 | +€5,003 | +28.3% |
| Other amounts payable | 47/48 | €1,219 | - | -€1,219 | |
| Accrued charges and deferred income | 492/3 | €24,510 | €6,411 | -€18,099 | -73.8% |
| Non-recurring operating income | 76A | €803 | - | -€803 | |
| Remuneration, social security and pensions | 62 | €180,038 | €207,610 | +€27,572 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,467 | €8,796 | -€671 | -7.1% |
| Other operating charges | 640/8 | €2,372 | €2,484 | +€112 | +4.7% |
| Gross operating margin | 9900 | €211,694 | €235,122 | +€23,428 | +11.1% |
| Operating profit (loss) | 9901 | €19,817 | €16,232 | -€3,584 | -18.1% |
| Financial income | 75/76B | €0 | €26 | +€26 | +8,235% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +8,235% |
| Financial charges | 65/66B | €3,498 | €3,480 | -€19 | -0.5% |
| Recurring financial charges | 65 | €3,498 | €3,480 | -€19 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €16,318 | €12,778 | -€3,540 | -21.7% |
| Income taxes | 67/77 | €4,258 | €4,494 | +€236 | +5.5% |
| Profit (loss) for the period | 9904 | €12,061 | €8,285 | -€3,776 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,061 | €8,285 | -€3,776 | -31.3% |
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 27 October 2026 via checked.be.