MV GENELEC: 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.
MV GENELEC
Largest movements
- Receivables within one year +€16,732
up €16,732 (+96.5%), from €17,337 to €34,069
of which Trade receivables: +€18,562
- Tangible fixed assets -€5,911
down €5,911 (-52.0%), from €11,368 to €5,457
of which Furniture and vehicles: -€5,403
- Cash -€3,974
down €3,974 (-4.3%), from €91,521 to €87,547
mainly Receivables within one year (-€16,732) and Trade debts (-€5,452)
- Reserves +€10,909
up €10,909 (+587%), from €1,860 to €12,769
of which Distributable reserves: +€10,909
- Trade debts -€5,452
down €5,452 (-83.2%), from €6,550 to €1,097
- Tax, wage and social debts +€4,722
up €4,722 (+1,259%), from €375 to €5,097
- Debts after one year -€2,863
no longer reported in 2025 (was €2,863)
- Current portion of long-term debt -€2,800
down €2,800 (-49.4%), from €5,663 to €2,863
- Gross operating margin +€17,968
up €17,968 (+300%), from €5,999 to €23,968
- Purchases and services -€16,978
down €16,978 (-19.3%), from €87,868 to €70,890
- Taxes +€4,722
up €4,722 (+1,259%), from €375 to €5,097
- Financial income -€1,637
no longer reported in 2025 (was €1,637)
of which Non-recurring financial income: -€1,498
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 | €121,277 | €128,138 | +€6,860 | +5.7% |
| Fixed assets | 21/28 | €11,588 | €5,677 | -€5,911 | -51.0% |
| Tangible fixed assets | 22/27 | €11,368 | €5,457 | -€5,911 | -52.0% |
| Plant, machinery and equipment | 23 | €2,814 | €2,306 | -€508 | -18.1% |
| Furniture and vehicles | 24 | €8,555 | €3,152 | -€5,403 | -63.2% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €109,689 | €122,460 | +€12,771 | +11.6% |
| Amounts receivable within one year | 40/41 | €17,337 | €34,069 | +€16,732 | +96.5% |
| Trade receivables | 40 | €15,035 | €33,597 | +€18,562 | +123% |
| Other amounts receivable | 41 | €2,302 | €472 | -€1,830 | -79.5% |
| Cash at bank and in hand | 54/58 | €91,521 | €87,547 | -€3,974 | -4.3% |
| Deferred charges and accrued income | 490/1 | €831 | €845 | +€13 | +1.6% |
| Total equity and liabilities | 10/49 | €121,277 | €128,138 | +€6,860 | +5.7% |
| Equity | 10/15 | €105,827 | €118,417 | +€12,589 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €12,769 | +€10,909 | +587% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €10,909 | +€10,909 | |
| Profit (loss) carried forward | 14 | €85,367 | €87,047 | +€1,680 | +2.0% |
| Amounts payable | 17/49 | €15,450 | €9,721 | -€5,729 | -37.1% |
| Amounts payable after more than one year | 17 | €2,863 | - | -€2,863 | |
| Financial debts | 170/4 | €2,863 | - | -€2,863 | |
| Amounts payable within one year | 42/48 | €12,587 | €9,721 | -€2,866 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €5,663 | €2,863 | -€2,800 | -49.4% |
| Trade debts | 44 | €6,550 | €1,097 | -€5,452 | -83.2% |
| Suppliers | 440/4 | €6,550 | €1,097 | -€5,452 | -83.2% |
| Taxes, remuneration and social security | 45 | €375 | €5,097 | +€4,722 | +1,259% |
| Taxes | 450/3 | €375 | €5,097 | +€4,722 | +1,259% |
| Other amounts payable | 47/48 | - | €664 | +€664 | |
| Turnover | 70 | €93,867 | €94,765 | +€898 | +1.0% |
| Non-recurring operating income | 76A | - | €93 | +€93 | |
| Goods, raw materials, services and sundry goods | 60/61 | €87,868 | €70,890 | -€16,978 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,911 | €5,911 | = | 0.0% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €5,999 | €23,968 | +€17,968 | +300% |
| Operating profit (loss) | 9901 | €88 | €17,993 | +€17,905 | +20,319% |
| Financial income | 75/76B | €1,637 | - | -€1,637 | |
| Recurring financial income | 75 | €139 | - | -€139 | |
| Non-recurring financial income | 76B | €1,498 | - | -€1,498 | |
| Financial charges | 65/66B | €424 | €307 | -€117 | -27.6% |
| Recurring financial charges | 65 | €424 | €307 | -€117 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €1,301 | €17,686 | +€16,385 | +1,259% |
| Income taxes | 67/77 | €375 | €5,097 | +€4,722 | +1,259% |
| Profit (loss) for the period | 9904 | €926 | €12,589 | +€11,663 | +1,259% |
| Profit (loss) for the period to be appropriated | 9905 | €926 | €12,589 | +€11,663 | +1,259% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.