GENEO: 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.
GENEO
Largest movements
- Receivables within one year +€54,934
up €54,934 (+227.9%), from €24,100 to €79,034
of which Trade receivables: +€62,124
- Deferred charges and accrued income -€31,505
down €31,505 (-96.6%), from €32,600 to €1,095
- Cash +€26,175
up €26,175 (+47.7%), from €54,821 to €80,995
mainly Net result for the year (+€65,338) and Deferred charges and accrued income (+€31,505)
- Tangible fixed assets -€15,681
down €15,681 (-7.2%), from €218,653 to €202,972
of which Land and buildings: -€7,856
- Profit (loss) carried forward +€65,338
up €65,338 (+35.7%), from €183,253 to €248,591
- Trade debts -€31,296
down €31,296 (-85.6%), from €36,575 to €5,279
- Other debts -€3,978
down €3,978 (-4.0%), from €99,670 to €95,692
- Tax, wage and social debts +€3,859
up €3,859 (+33.9%), from €11,376 to €15,235
- Gross operating margin +€111,539
up €111,539, from -€14,092 to €97,447
- Taxes +€10,533
up €10,533 (+224.0%), from €4,702 to €15,235
- Depreciation +€2,343
up €2,343 (+16.2%), from €14,436 to €16,779
- Other operating charges -€1,488
no longer reported in 2025 (was €1,488)
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 | €331,974 | €365,897 | +€33,923 | +10.2% |
| Fixed assets | 21/28 | €219,203 | €203,522 | -€15,681 | -7.2% |
| Tangible fixed assets | 22/27 | €218,653 | €202,972 | -€15,681 | -7.2% |
| Land and buildings | 22 | €197,385 | €189,529 | -€7,856 | -4.0% |
| Plant, machinery and equipment | 23 | €5,949 | €4,414 | -€1,535 | -25.8% |
| Furniture and vehicles | 24 | €5,765 | €1,920 | -€3,845 | -66.7% |
| Other tangible fixed assets | 26 | €9,553 | €7,109 | -€2,444 | -25.6% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €112,771 | €162,375 | +€49,604 | +44.0% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,100 | €79,034 | +€54,934 | +227.9% |
| Trade receivables | 40 | €12,223 | €74,347 | +€62,124 | +508.3% |
| Other amounts receivable | 41 | €11,877 | €4,687 | -€7,190 | -60.5% |
| Cash at bank and in hand | 54/58 | €54,821 | €80,995 | +€26,175 | +47.7% |
| Deferred charges and accrued income | 490/1 | €32,600 | €1,095 | -€31,505 | -96.6% |
| Total equity and liabilities | 10/49 | €331,974 | €365,897 | +€33,923 | +10.2% |
| Equity | 10/15 | €184,353 | €249,691 | +€65,338 | +35.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,253 | €248,591 | +€65,338 | +35.7% |
| Amounts payable | 17/49 | €147,621 | €116,206 | -€31,415 | -21.3% |
| Amounts payable within one year | 42/48 | €147,621 | €116,206 | -€31,415 | -21.3% |
| Trade debts | 44 | €36,575 | €5,279 | -€31,296 | -85.6% |
| Suppliers | 440/4 | €36,575 | €5,279 | -€31,296 | -85.6% |
| Taxes, remuneration and social security | 45 | €11,376 | €15,235 | +€3,859 | +33.9% |
| Taxes | 450/3 | €11,376 | €15,235 | +€3,859 | +33.9% |
| Other amounts payable | 47/48 | €99,670 | €95,692 | -€3,978 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,436 | €16,779 | +€2,343 | +16.2% |
| Other operating charges | 640/8 | €1,488 | - | -€1,488 | |
| Gross operating margin | 9900 | -€14,092 | €97,447 | +€111,539 | |
| Operating profit (loss) | 9901 | -€30,016 | €80,668 | +€110,684 | |
| Financial charges | 65/66B | €559 | €95 | -€463 | -82.9% |
| Recurring financial charges | 65 | €559 | €95 | -€463 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,575 | €80,573 | +€111,148 | |
| Income taxes | 67/77 | €4,702 | €15,235 | +€10,533 | +224.0% |
| Profit (loss) for the period | 9904 | -€35,277 | €65,338 | +€100,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,277 | €65,338 | +€100,615 |
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 10 October 2026 via checked.be.