C² Géo: 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.
C² Géo
Largest movements
- Current investments -€60,000
down €60,000 (-30.0%), from €200,000 to €140,000
- Tangible fixed assets -€40,727
down €40,727 (-27.2%), from €149,799 to €109,072
of which Plant, machinery and equipment: -€26,988
- Cash -€23,582
down €23,582 (-12.7%), from €185,898 to €162,316
mainly Contributions, distributions and other (-€250,000) and Debts after one year (-€34,369)
- Receivables within one year +€8,231
up €8,231 (+4.3%), from €193,381 to €201,612
of which Other amounts receivable: +€7,664
- Profit (loss) carried forward -€126,360
down €126,360 (-36.3%), from €347,756 to €221,396
- Other debts +€93,768
up €93,768 (+1504.6%), from €6,232 to €100,000
- Reserves -€83,085
down €83,085 (-97.8%), from €84,945 to €1,860
- Debts after one year -€34,369
down €34,369 (-56.5%), from €60,779 to €26,410
- Trade debts +€33,063
up €33,063 (+33.3%), from €99,265 to €132,328
- Staff costs +€139,618
up €139,618 (+35.2%), from €396,338 to €535,957
- Gross operating margin +€136,385
up €136,385 (+26.2%), from €520,746 to €657,130
- Depreciation -€10,500
down €10,500 (-15.1%), from €69,740 to €59,241
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 | €759,883 | €639,339 | -€120,543 | -15.9% |
| Fixed assets | 21/28 | €163,138 | €121,104 | -€42,035 | -25.8% |
| Intangible fixed assets | 21 | €12,360 | €10,012 | -€2,348 | -19.0% |
| Tangible fixed assets | 22/27 | €149,799 | €109,072 | -€40,727 | -27.2% |
| Plant, machinery and equipment | 23 | €119,635 | €92,648 | -€26,988 | -22.6% |
| Furniture and vehicles | 24 | €1,500 | €3,275 | +€1,774 | +118.3% |
| Leasing and similar rights | 25 | €24,050 | €10,273 | -€13,777 | -57.3% |
| Other tangible fixed assets | 26 | €4,613 | €2,877 | -€1,737 | -37.6% |
| Financial fixed assets | 28 | €980 | €2,020 | +€1,040 | +106.1% |
| Current assets | 29/58 | €596,744 | €518,236 | -€78,508 | -13.2% |
| Amounts receivable within one year | 40/41 | €193,381 | €201,612 | +€8,231 | +4.3% |
| Trade receivables | 40 | €183,417 | €183,984 | +€567 | +0.3% |
| Other amounts receivable | 41 | €9,964 | €17,628 | +€7,664 | +76.9% |
| Current investments | 50/53 | €200,000 | €140,000 | -€60,000 | -30.0% |
| Cash at bank and in hand | 54/58 | €185,898 | €162,316 | -€23,582 | -12.7% |
| Deferred charges and accrued income | 490/1 | €17,465 | €14,308 | -€3,157 | -18.1% |
| Total equity and liabilities | 10/49 | €759,883 | €639,339 | -€120,543 | -15.9% |
| Equity | 10/15 | €451,302 | €241,856 | -€209,446 | -46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,945 | €1,860 | -€83,085 | -97.8% |
| Distributable reserves | 133 | €84,945 | €1,860 | -€83,085 | -97.8% |
| Profit (loss) carried forward | 14 | €347,756 | €221,396 | -€126,360 | -36.3% |
| Amounts payable | 17/49 | €308,581 | €397,483 | +€88,902 | +28.8% |
| Amounts payable after more than one year | 17 | €60,779 | €26,410 | -€34,369 | -56.5% |
| Financial debts | 170/4 | €60,779 | €26,410 | -€34,369 | -56.5% |
| Amounts payable within one year | 42/48 | €247,777 | €367,557 | +€119,779 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €42,311 | €34,369 | -€7,943 | -18.8% |
| Financial debts | 43 | €20,893 | €14,660 | -€6,233 | -29.8% |
| Credit institutions | 430/8 | €20,893 | €14,660 | -€6,233 | -29.8% |
| Trade debts | 44 | €99,265 | €132,328 | +€33,063 | +33.3% |
| Suppliers | 440/4 | €99,265 | €132,328 | +€33,063 | +33.3% |
| Taxes, remuneration and social security | 45 | €79,076 | €86,199 | +€7,124 | +9.0% |
| Taxes | 450/3 | €12,216 | €8,359 | -€3,856 | -31.6% |
| Remuneration and social security | 454/9 | €66,860 | €77,840 | +€10,980 | +16.4% |
| Other amounts payable | 47/48 | €6,232 | €100,000 | +€93,768 | +1504.6% |
| Accrued charges and deferred income | 492/3 | €25 | €3,516 | +€3,492 | +14205.8% |
| Remuneration, social security and pensions | 62 | €396,338 | €535,957 | +€139,618 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,740 | €59,241 | -€10,500 | -15.1% |
| Other operating charges | 640/8 | €2,272 | €1,468 | -€804 | -35.4% |
| Gross operating margin | 9900 | €520,746 | €657,130 | +€136,385 | +26.2% |
| Operating profit (loss) | 9901 | €52,395 | €60,465 | +€8,070 | +15.4% |
| Financial income | 75/76B | €1 | €5,037 | +€5,036 | +453715.3% |
| Recurring financial income | 75 | €1 | €5,037 | +€5,036 | +453715.3% |
| Financial charges | 65/66B | €6,068 | €6,133 | +€65 | +1.1% |
| Recurring financial charges | 65 | €6,068 | €6,133 | +€65 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €46,328 | €59,370 | +€13,042 | +28.2% |
| Income taxes | 67/77 | €15,036 | €18,816 | +€3,779 | +25.1% |
| Profit (loss) for the period | 9904 | €31,292 | €40,554 | +€9,262 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,292 | €40,554 | +€9,262 | +29.6% |
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.