Geanovi: 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.
Geanovi
Largest movements
- Tangible fixed assets -€11,098
down €11,098 (-5.6%), from €198,930 to €187,832
of which Leasing and similar rights: -€7,427
- Cash -€4,866
down €4,866 (-35.8%), from €13,586 to €8,720
mainly Debts after one year (-€20,067) and Investment in fixed assets (net) (-€8,525)
- Receivables within one year +€2,967
up €2,967 (+14.1%), from €21,013 to €23,980
of which Trade receivables: +€1,527
- Debts after one year -€20,067
down €20,067 (-12.6%), from €159,039 to €138,972
- Profit (loss) carried forward +€14,215
up €14,215, from -€4,318 to €9,897
- Current portion of long-term debt -€6,017
down €6,017 (-23.9%), from €25,200 to €19,183
- Gross operating margin +€10,623
up €10,623 (+28.6%), from €37,152 to €47,775
- Taxes +€2,706
up €2,706 (+85.8%), from €3,155 to €5,861
- Financial charges -€853
down €853 (-12.9%), from €6,592 to €5,739
- Other operating charges -€530
down €530 (-13.8%), from €3,843 to €3,313
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 | €235,855 | €222,531 | -€13,324 | -5.6% |
| Fixed assets | 21/28 | €199,130 | €188,032 | -€11,098 | -5.6% |
| Tangible fixed assets | 22/27 | €198,930 | €187,832 | -€11,098 | -5.6% |
| Land and buildings | 22 | €159,979 | €156,409 | -€3,570 | -2.2% |
| Plant, machinery and equipment | 23 | €618 | - | -€618 | |
| Furniture and vehicles | 24 | €26,662 | €19,670 | -€6,993 | -26.2% |
| Leasing and similar rights | 25 | €11,671 | €4,243 | -€7,427 | -63.6% |
| Other tangible fixed assets | 26 | - | €7,510 | +€7,510 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €36,725 | €34,499 | -€2,226 | -6.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,013 | €23,980 | +€2,967 | +14.1% |
| Trade receivables | 40 | €4,210 | €5,737 | +€1,527 | +36.3% |
| Other amounts receivable | 41 | €16,803 | €18,243 | +€1,440 | +8.6% |
| Cash at bank and in hand | 54/58 | €13,586 | €8,720 | -€4,866 | -35.8% |
| Deferred charges and accrued income | 490/1 | €1,126 | €799 | -€327 | -29.0% |
| Total equity and liabilities | 10/49 | €235,855 | €222,531 | -€13,324 | -5.6% |
| Equity | 10/15 | €33,412 | €47,627 | +€14,215 | +42.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,229 | €35,229 | = | 0.0% |
| Distributable reserves | 133 | €35,229 | €35,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,318 | €9,897 | +€14,215 | |
| Amounts payable | 17/49 | €202,444 | €174,904 | -€27,539 | -13.6% |
| Amounts payable after more than one year | 17 | €159,039 | €138,972 | -€20,067 | -12.6% |
| Financial debts | 170/4 | €159,039 | €138,972 | -€20,067 | -12.6% |
| Amounts payable within one year | 42/48 | €43,405 | €35,932 | -€7,472 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €25,200 | €19,183 | -€6,017 | -23.9% |
| Trade debts | 44 | €626 | - | -€626 | |
| Suppliers | 440/4 | €626 | - | -€626 | |
| Taxes, remuneration and social security | 45 | €17,579 | €16,750 | -€829 | -4.7% |
| Taxes | 450/3 | €10,079 | €16,750 | +€6,671 | +66.2% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,179 | €19,624 | +€444 | +2.3% |
| Other operating charges | 640/8 | €3,843 | €3,313 | -€530 | -13.8% |
| Gross operating margin | 9900 | €37,152 | €47,775 | +€10,623 | +28.6% |
| Operating profit (loss) | 9901 | €14,130 | €24,839 | +€10,709 | +75.8% |
| Financial income | 75/76B | €1,010 | €976 | -€34 | -3.3% |
| Recurring financial income | 75 | €1,010 | €976 | -€34 | -3.3% |
| Financial charges | 65/66B | €6,592 | €5,739 | -€853 | -12.9% |
| Recurring financial charges | 65 | €6,592 | €5,739 | -€853 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €8,548 | €20,076 | +€11,528 | +135% |
| Income taxes | 67/77 | €3,155 | €5,861 | +€2,706 | +85.8% |
| Profit (loss) for the period | 9904 | €5,393 | €14,215 | +€8,822 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €5,393 | €14,215 | +€8,822 | +164% |
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 24 October 2026 via checked.be.