Geo-Aquaplus: 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.
Geo-Aquaplus
Largest movements
- Current investments -€580,425
down €580,425 (-66.5%), from €872,938 to €292,513
- Cash -€204,604
down €204,604 (-61.2%), from €334,324 to €129,721
mainly Other debts (-€750,000) and Investment in fixed assets (net) (-€212,631)
- Tangible fixed assets +€35,403
up €35,403 (+5.2%), from €680,088 to €715,491
- Receivables within one year -€28,437
down €28,437 (-18.1%), from €156,780 to €128,343
- Other debts -€750,000
no longer reported in 2025 (was €750,000)
- Profit (loss) carried forward +€214,228
up €214,228 (+84.9%), from €252,331 to €466,558
- Debts after one year -€200,000
no longer reported in 2025 (was €200,000)
- Trade debts -€37,704
down €37,704 (-33.7%), from €111,832 to €74,128
- Gross operating margin -€30,959
down €30,959 (-6.6%), from €471,529 to €440,570
- Financial income +€30,147
up €30,147 (+1,240%), from €2,431 to €32,578
- Depreciation -€25,910
down €25,910 (-12.8%), from €203,138 to €177,227
- Taxes +€7,059
up €7,059 (+10.9%), from €64,685 to €71,744
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 | €2,048,198 | €1,270,184 | -€778,014 | -38.0% |
| Fixed assets | 21/28 | €680,088 | €715,491 | +€35,403 | +5.2% |
| Tangible fixed assets | 22/27 | €680,088 | €715,491 | +€35,403 | +5.2% |
| Plant, machinery and equipment | 23 | €680,088 | €715,491 | +€35,403 | +5.2% |
| Current assets | 29/58 | €1,368,110 | €554,693 | -€813,417 | -59.5% |
| Amounts receivable within one year | 40/41 | €156,780 | €128,343 | -€28,437 | -18.1% |
| Trade receivables | 40 | €156,780 | €128,343 | -€28,437 | -18.1% |
| Current investments | 50/53 | €872,938 | €292,513 | -€580,425 | -66.5% |
| Cash at bank and in hand | 54/58 | €334,324 | €129,721 | -€204,604 | -61.2% |
| Deferred charges and accrued income | 490/1 | €4,068 | €4,117 | +€49 | +1.2% |
| Total equity and liabilities | 10/49 | €2,048,198 | €1,270,184 | -€778,014 | -38.0% |
| Equity | 10/15 | €753,506 | €967,733 | +€214,228 | +28.4% |
| Contributions | 10/11 | €501,175 | €501,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,331 | €466,558 | +€214,228 | +84.9% |
| Amounts payable | 17/49 | €1,294,693 | €302,451 | -€992,242 | -76.6% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Financial debts | 170/4 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €1,094,693 | €302,451 | -€792,242 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €111,832 | €74,128 | -€37,704 | -33.7% |
| Suppliers | 440/4 | €111,832 | €74,128 | -€37,704 | -33.7% |
| Taxes, remuneration and social security | 45 | €32,861 | €28,323 | -€4,538 | -13.8% |
| Taxes | 450/3 | €32,861 | €28,323 | -€4,538 | -13.8% |
| Other amounts payable | 47/48 | €750,000 | - | -€750,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,138 | €177,227 | -€25,910 | -12.8% |
| Other operating charges | 640/8 | €1,589 | €1,630 | +€42 | +2.6% |
| Gross operating margin | 9900 | €471,529 | €440,570 | -€30,959 | -6.6% |
| Operating profit (loss) | 9901 | €266,803 | €261,712 | -€5,091 | -1.9% |
| Financial income | 75/76B | €2,431 | €32,578 | +€30,147 | +1,240% |
| Recurring financial income | 75 | €2,431 | €32,578 | +€30,147 | +1,240% |
| Financial charges | 65/66B | €12,803 | €8,319 | -€4,484 | -35.0% |
| Recurring financial charges | 65 | €12,803 | €8,319 | -€4,484 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €256,431 | €285,971 | +€29,540 | +11.5% |
| Income taxes | 67/77 | €64,685 | €71,744 | +€7,059 | +10.9% |
| Profit (loss) for the period | 9904 | €191,746 | €214,228 | +€22,482 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €191,746 | €214,228 | +€22,482 | +11.7% |
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 18 October 2026 via checked.be.