S.I. GENIN: 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.
S.I. GENIN
Largest movements
- Current investments -€24,516
down €24,516 (-30.6%), from €80,173 to €55,657
- Tangible fixed assets -€23,046
down €23,046 (-9.8%), from €234,097 to €211,051
- Cash -€7,460
down €7,460 (-82.5%), from €9,048 to €1,588
mainly Other debts (-€46,000) and Net result for the year (-€18,217)
- Other debts -€46,000
down €46,000 (-18.3%), from €251,567 to €205,567
- Profit (loss) carried forward -€18,217
down €18,217 (-19.4%), from -€94,045 to -€112,261
- Gross operating margin -€3,975
down €3,975 (-16.1%), from €24,760 to €20,785
- Depreciation +€2,380
up €2,380 (+7.3%), from €32,453 to €34,832
- Other operating charges +€815
up €815 (+21.7%), from €3,759 to €4,573
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 | €741,316 | €679,370 | -€61,946 | -8.4% |
| Fixed assets | 21/28 | €234,097 | €211,051 | -€23,046 | -9.8% |
| Tangible fixed assets | 22/27 | €234,097 | €211,051 | -€23,046 | -9.8% |
| Land and buildings | 22 | €234,097 | €211,051 | -€23,046 | -9.8% |
| Current assets | 29/58 | €507,218 | €468,318 | -€38,900 | -7.7% |
| Amounts receivable within one year | 40/41 | €417,998 | €411,073 | -€6,924 | -1.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €417,998 | €411,073 | -€6,924 | -1.7% |
| Current investments | 50/53 | €80,173 | €55,657 | -€24,516 | -30.6% |
| Cash at bank and in hand | 54/58 | €9,048 | €1,588 | -€7,460 | -82.5% |
| Total equity and liabilities | 10/49 | €741,316 | €679,370 | -€61,946 | -8.4% |
| Equity | 10/15 | €489,749 | €471,532 | -€18,217 | -3.7% |
| Contributions | 10/11 | €318,189 | €318,189 | = | 0.0% |
| Reserves | 13 | €265,604 | €265,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,199 | €3,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,339 | €1,339 | = | 0.0% |
| Distributable reserves | 133 | €262,405 | €262,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,045 | -€112,261 | -€18,217 | -19.4% |
| Amounts payable | 17/49 | €251,567 | €207,838 | -€43,729 | -17.4% |
| Amounts payable within one year | 42/48 | €251,567 | €207,838 | -€43,729 | -17.4% |
| Trade debts | 44 | €0 | €2,271 | +€2,271 | |
| Suppliers | 440/4 | €0 | €2,271 | +€2,271 | |
| Other amounts payable | 47/48 | €251,567 | €205,567 | -€46,000 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,453 | €34,832 | +€2,380 | +7.3% |
| Other operating charges | 640/8 | €3,759 | €4,573 | +€815 | +21.7% |
| Gross operating margin | 9900 | €24,760 | €20,785 | -€3,975 | -16.1% |
| Operating profit (loss) | 9901 | -€11,451 | -€18,620 | -€7,169 | -62.6% |
| Financial income | 75/76B | €449 | €574 | +€125 | +27.7% |
| Recurring financial income | 75 | €449 | €574 | +€125 | +27.7% |
| Financial charges | 65/66B | €102 | €141 | +€39 | +37.8% |
| Recurring financial charges | 65 | €102 | €141 | +€39 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,104 | -€18,187 | -€7,083 | -63.8% |
| Income taxes | 67/77 | €0 | €30 | +€30 | |
| Profit (loss) for the period | 9904 | -€11,104 | -€18,217 | -€7,113 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,104 | -€18,217 | -€7,113 | -64.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.