GEO 3: 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.
GEO 3
Largest movements
- Cash -€6,641
down €6,641 (-100.0%), from €6,641 to €0
mainly Net result for the year (-€4,753) and Tax, wage and social debts (-€4,312)
- Receivables within one year -€1,347
down €1,347 (-18.6%), from €7,236 to €5,889
- Tangible fixed assets -€937
down €937 (-43.1%), from €2,174 to €1,237
- Deferred charges and accrued income +€450
new in 2025: €450
- Profit (loss) carried forward -€4,753
down €4,753 (-15.3%), from -€31,090 to -€35,843
- Tax, wage and social debts -€4,312
down €4,312 (-72.3%), from €5,962 to €1,650
- Current portion of long-term debt -€3,531
no longer reported in 2025 (was €3,531)
- Short-term financial debts +€2,312
new in 2025: €2,312
- Trade debts +€1,390
up €1,390 (+20.5%), from €6,784 to €8,174
- Gross operating margin -€8,952
down €8,952 (-86.8%), from €10,313 to €1,360
- Other operating charges +€762
up €762 (+40.8%), from €1,868 to €2,630
- Financial charges +€673
up €673 (+117.7%), from €572 to €1,245
- Depreciation +€534
up €534 (+132.5%), from €403 to €937
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 | €16,051 | €7,576 | -€8,475 | -52.8% |
| Fixed assets | 21/28 | €2,174 | €1,237 | -€937 | -43.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,174 | €1,237 | -€937 | -43.1% |
| Furniture and vehicles | 24 | €2,174 | €1,237 | -€937 | -43.1% |
| Current assets | 29/58 | €13,877 | €6,339 | -€7,538 | -54.3% |
| Amounts receivable within one year | 40/41 | €7,236 | €5,889 | -€1,347 | -18.6% |
| Trade receivables | 40 | €7,236 | €5,889 | -€1,347 | -18.6% |
| Cash at bank and in hand | 54/58 | €6,641 | €0 | -€6,641 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €16,051 | €7,576 | -€8,475 | -52.8% |
| Equity | 10/15 | -€10,630 | -€15,383 | -€4,753 | -44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,090 | -€35,843 | -€4,753 | -15.3% |
| Amounts payable | 17/49 | €26,681 | €22,959 | -€3,722 | -13.9% |
| Amounts payable within one year | 42/48 | €26,681 | €22,959 | -€3,722 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €3,531 | - | -€3,531 | |
| Financial debts | 43 | - | €2,312 | +€2,312 | |
| Credit institutions | 430/8 | - | €2,312 | +€2,312 | |
| Trade debts | 44 | €6,784 | €8,174 | +€1,390 | +20.5% |
| Suppliers | 440/4 | €6,784 | €8,174 | +€1,390 | +20.5% |
| Advances received on contracts in progress | 46 | €2,904 | €2,904 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,962 | €1,650 | -€4,312 | -72.3% |
| Taxes | 450/3 | €5,962 | €1,650 | -€4,312 | -72.3% |
| Other amounts payable | 47/48 | €7,500 | €7,919 | +€419 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €937 | +€534 | +132.5% |
| Other operating charges | 640/8 | €1,868 | €2,630 | +€762 | +40.8% |
| Non-recurring operating charges | 66A | - | €1,082 | +€1,082 | |
| Gross operating margin | 9900 | €10,313 | €1,360 | -€8,952 | -86.8% |
| Operating profit (loss) | 9901 | €8,042 | -€3,288 | -€11,331 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €572 | €1,245 | +€673 | +117.7% |
| Recurring financial charges | 65 | €572 | €1,245 | +€673 | +117.7% |
| Profit (loss) for the period before taxes | 9903 | €7,471 | -€4,533 | -€12,004 | |
| Income taxes | 67/77 | €168 | €220 | +€51 | +30.4% |
| Profit (loss) for the period | 9904 | €7,302 | -€4,753 | -€12,055 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,302 | -€4,753 | -€12,055 |
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 7 October 2026 via checked.be.