LES GENETS: what changed
Two fiscal 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.
LES GENETS
Largest movements
- Tangible fixed assets -€265,078
down €265,078 (-21.1%), from €1.3m to €989,994
of which Land and buildings: -€289,957
- Current investments +€117,800
up €117,800 (+5354.5%), from €2,200 to €120,000
- Receivables within one year +€88,712
up €88,712 (+2544.1%), from €3,487 to €92,199
of which Other amounts receivable: +€86,077
- Cash +€18,919
new in 2025: €18,919
mainly Investment in fixed assets (net) (+€220,555) and Net result for the year (+€163,240)
- Debts after one year -€204,722
down €204,722 (-22.8%), from €896,944 to €692,222
of which Financial debts: -€198,422
- Reserves +€144,400
up €144,400 (+119.4%), from €120,959 to €265,359
of which Distributable reserves: +€144,400
- Tax, wage and social debts +€118,607
up €118,607 (+573.2%), from €20,691 to €139,298
- Other debts -€105,581
down €105,581 (-84.9%), from €124,381 to €18,800
- Gross operating margin +€238,749
up €238,749 (+194.5%), from €122,768 to €361,517
- Taxes +€71,451
up €71,451 (+523.5%), from €13,648 to €85,100
- Other operating charges +€42,821
up €42,821 (+577.0%), from €7,421 to €50,241
- Depreciation -€7,282
down €7,282 (-14.1%), from €51,805 to €44,523
- Financial charges -€3,951
down €3,951 (-17.0%), from €23,221 to €19,270
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.
Cash bridge derived
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 | €1,262,427 | €1,222,292 | -€40,135 | -3.2% |
| Fixed assets | 21/28 | €1,255,572 | €990,494 | -€265,078 | -21.1% |
| Tangible fixed assets | 22/27 | €1,255,072 | €989,994 | -€265,078 | -21.1% |
| Land and buildings | 22 | €921,779 | €631,822 | -€289,957 | -31.5% |
| Plant, machinery and equipment | 23 | €333,293 | €358,172 | +€24,879 | +7.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €6,855 | €231,798 | +€224,943 | +3281.5% |
| Amounts receivable within one year | 40/41 | €3,487 | €92,199 | +€88,712 | +2544.1% |
| Trade receivables | 40 | - | €2,635 | +€2,635 | |
| Other amounts receivable | 41 | €3,487 | €89,564 | +€86,077 | +2468.6% |
| Current investments | 50/53 | €2,200 | €120,000 | +€117,800 | +5354.5% |
| Cash at bank and in hand | 54/58 | - | €18,919 | +€18,919 | |
| Deferred charges and accrued income | 490/1 | €1,168 | €680 | -€488 | -41.8% |
| Total equity and liabilities | 10/49 | €1,262,427 | €1,222,292 | -€40,135 | -3.2% |
| Equity | 10/15 | €145,689 | €290,129 | +€144,440 | +99.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €120,959 | €265,359 | +€144,400 | +119.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €119,100 | €263,500 | +€144,400 | +121.2% |
| Profit (loss) carried forward | 14 | €6,138 | €6,178 | +€40 | +0.7% |
| Amounts payable | 17/49 | €1,116,738 | €932,163 | -€184,575 | -16.5% |
| Amounts payable after more than one year | 17 | €896,944 | €692,222 | -€204,722 | -22.8% |
| Financial debts | 170/4 | €890,644 | €692,222 | -€198,422 | -22.3% |
| Other amounts payable | 178/9 | €6,300 | - | -€6,300 | |
| Amounts payable within one year | 42/48 | €216,919 | €239,940 | +€23,022 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €63,449 | €61,506 | -€1,944 | -3.1% |
| Trade debts | 44 | €8,397 | €20,336 | +€11,939 | +142.2% |
| Suppliers | 440/4 | €8,397 | €20,336 | +€11,939 | +142.2% |
| Taxes, remuneration and social security | 45 | €20,691 | €139,298 | +€118,607 | +573.2% |
| Taxes | 450/3 | €20,691 | €139,298 | +€118,607 | +573.2% |
| Other amounts payable | 47/48 | €124,381 | €18,800 | -€105,581 | -84.9% |
| Accrued charges and deferred income | 492/3 | €2,875 | - | -€2,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,805 | €44,523 | -€7,282 | -14.1% |
| Other operating charges | 640/8 | €7,421 | €50,241 | +€42,821 | +577.0% |
| Gross operating margin | 9900 | €122,768 | €361,517 | +€238,749 | +194.5% |
| Operating profit (loss) | 9901 | €63,543 | €266,753 | +€203,210 | +319.8% |
| Financial income | 75/76B | €2 | €857 | +€855 | +35764.9% |
| Recurring financial income | 75 | €2 | €857 | +€855 | +35764.9% |
| Financial charges | 65/66B | €23,221 | €19,270 | -€3,951 | -17.0% |
| Recurring financial charges | 65 | €23,221 | €19,270 | -€3,951 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €40,324 | €248,340 | +€208,016 | +515.9% |
| Income taxes | 67/77 | €13,648 | €85,100 | +€71,451 | +523.5% |
| Profit (loss) for the period | 9904 | €26,676 | €163,240 | +€136,564 | +511.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,676 | €163,240 | +€136,564 | +511.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.