GENERATIO: what changed
GENERATIO
Largest movements
- Tangible fixed assets -€71,451
down €71,451 (-17.7%), from €402,591 to €331,140
of which Land and buildings: -€58,326
- Stocks and contracts +€66,350
up €66,350 (+63.7%), from €104,160 to €170,510
- Receivables within one year -€29,759
down €29,759 (-88.8%), from €33,498 to €3,739
- Debts after one year -€107,738
down €107,738 (-31.2%), from €345,558 to €237,820
of which Other amounts payable: -€100,000
- Other debts +€38,410
up €38,410 (+272%), from €14,098 to €52,508
- Reserves +€28,561
up €28,561 (+24.0%), from €119,016 to €147,577
- Tax, wage and social debts +€8,548
up €8,548 (+212%), from €4,026 to €12,573
of which Taxes: +€11,428
- Gross operating margin +€59,777
up €59,777 (+441%), from €13,544 to €73,322
- Taxes +€12,298
up €12,298 (+4,460%), from €276 to €12,573
- Financial charges -€1,494
down €1,494 (-79.1%), from €1,889 to €394
of which Non-recurring financial charges: -€1,395
- Depreciation -€1,040
down €1,040 (-3.4%), from €31,029 to €29,989
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,416 | €512,698 | -€32,718 | -6.0% |
| Fixed assets | 21/28 | €402,591 | €331,140 | -€71,451 | -17.7% |
| Tangible fixed assets | 22/27 | €402,591 | €331,140 | -€71,451 | -17.7% |
| Land and buildings | 22 | €318,448 | €260,122 | -€58,326 | -18.3% |
| Furniture and vehicles | 24 | €43,614 | €30,731 | -€12,883 | -29.5% |
| Other tangible fixed assets | 26 | €40,530 | €40,288 | -€242 | -0.6% |
| Current assets | 29/58 | €142,825 | €181,558 | +€38,733 | +27.1% |
| Stocks and contracts in progress | 3 | €104,160 | €170,510 | +€66,350 | +63.7% |
| Stocks | 30/36 | €104,160 | €170,510 | +€66,350 | +63.7% |
| Amounts receivable within one year | 40/41 | €33,498 | €3,739 | -€29,759 | -88.8% |
| Other amounts receivable | 41 | €33,498 | €3,739 | -€29,759 | -88.8% |
| Cash at bank and in hand | 54/58 | €2,443 | €4,635 | +€2,192 | +89.7% |
| Deferred charges and accrued income | 490/1 | €2,724 | €2,674 | -€50 | -1.8% |
| Total equity and liabilities | 10/49 | €545,416 | €512,698 | -€32,718 | -6.0% |
| Equity | 10/15 | €171,653 | €200,215 | +€28,562 | +16.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €119,016 | €147,577 | +€28,561 | +24.0% |
| Distributable reserves | 133 | €119,016 | €147,577 | +€28,561 | +24.0% |
| Profit (loss) carried forward | 14 | €38,377 | €38,378 | +€1 | 0.0% |
| Amounts payable | 17/49 | €373,763 | €312,483 | -€61,280 | -16.4% |
| Amounts payable after more than one year | 17 | €345,558 | €237,820 | -€107,738 | -31.2% |
| Financial debts | 170/4 | €15,558 | €7,820 | -€7,738 | -49.7% |
| Other amounts payable | 178/9 | €330,000 | €230,000 | -€100,000 | -30.3% |
| Amounts payable within one year | 42/48 | €28,205 | €74,663 | +€46,458 | +165% |
| Current portion of amounts payable after more than one year | 42 | €7,656 | €7,738 | +€82 | +1.1% |
| Trade debts | 44 | €2,425 | €1,843 | -€582 | -24.0% |
| Suppliers | 440/4 | €2,425 | €1,843 | -€582 | -24.0% |
| Taxes, remuneration and social security | 45 | €4,026 | €12,573 | +€8,548 | +212% |
| Taxes | 450/3 | €1,145 | €12,573 | +€11,428 | +998% |
| Remuneration and social security | 454/9 | €2,880 | - | -€2,880 | |
| Other amounts payable | 47/48 | €14,098 | €52,508 | +€38,410 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,029 | €29,989 | -€1,040 | -3.4% |
| Other operating charges | 640/8 | €1,232 | €1,804 | +€571 | +46.3% |
| Gross operating margin | 9900 | €13,544 | €73,322 | +€59,777 | +441% |
| Operating profit (loss) | 9901 | -€18,717 | €41,529 | +€60,247 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,889 | €394 | -€1,494 | -79.1% |
| Recurring financial charges | 65 | €494 | €394 | -€100 | -20.2% |
| Non-recurring financial charges | 66B | €1,395 | - | -€1,395 | |
| Profit (loss) for the period before taxes | 9903 | -€20,606 | €41,135 | +€61,741 | |
| Income taxes | 67/77 | €276 | €12,573 | +€12,298 | +4,460% |
| Profit (loss) for the period | 9904 | -€20,882 | €28,562 | +€49,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,882 | €28,562 | +€49,444 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.