Geo-connect: 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-connect
Largest movements
- Receivables within one year +€82,165
up €82,165 (+73.1%), from €112,352 to €194,517
of which Trade receivables: +€48,074
- Tangible fixed assets +€25,485
up €25,485 (+5,593%), from €456 to €25,940
of which Furniture and vehicles: +€21,490
- Short-term financial debts +€39,531
up €39,531 (+1,717%), from €2,302 to €41,833
- Profit (loss) carried forward +€33,586
up €33,586 (+54.6%), from €61,507 to €95,092
- Trade debts +€17,579
up €17,579 (+216%), from €8,122 to €25,701
- Debts after one year +€14,184
up €14,184 (+97.2%), from €14,591 to €28,775
- Gross operating margin +€24,995
up €24,995 (+93.5%), from €26,741 to €51,736
- Depreciation +€4,441
up €4,441 (+213%), from €2,089 to €6,529
- Financial charges +€2,625
up €2,625 (+155%), from €1,698 to €4,323
- Other operating charges +€2,284
up €2,284 (+139%), from €1,648 to €3,932
- Taxes +€1,608
up €1,608 (+20.6%), from €7,795 to €9,403
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,778 | €220,685 | +€105,907 | +92.3% |
| Fixed assets | 21/28 | €2,206 | €25,940 | +€23,735 | +1,076% |
| Intangible fixed assets | 21 | €1,750 | - | -€1,750 | |
| Tangible fixed assets | 22/27 | €456 | €25,940 | +€25,485 | +5,593% |
| Plant, machinery and equipment | 23 | - | €3,995 | +€3,995 | |
| Furniture and vehicles | 24 | €456 | €21,946 | +€21,490 | +4,717% |
| Current assets | 29/58 | €112,572 | €194,744 | +€82,172 | +73.0% |
| Amounts receivable within one year | 40/41 | €112,352 | €194,517 | +€82,165 | +73.1% |
| Trade receivables | 40 | €4,664 | €52,738 | +€48,074 | +1,031% |
| Other amounts receivable | 41 | €107,688 | €141,779 | +€34,091 | +31.7% |
| Deferred charges and accrued income | 490/1 | €221 | €227 | +€7 | +3.0% |
| Total equity and liabilities | 10/49 | €114,778 | €220,685 | +€105,907 | +92.3% |
| Equity | 10/15 | €75,767 | €109,352 | +€33,586 | +44.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,507 | €95,092 | +€33,586 | +54.6% |
| Amounts payable | 17/49 | €39,011 | €111,332 | +€72,321 | +185% |
| Amounts payable after more than one year | 17 | €14,591 | €28,775 | +€14,184 | +97.2% |
| Financial debts | 170/4 | €14,591 | €28,775 | +€14,184 | +97.2% |
| Amounts payable within one year | 42/48 | €24,420 | €82,557 | +€58,137 | +238% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,046 | -€454 | -3.6% |
| Financial debts | 43 | €2,302 | €41,833 | +€39,531 | +1,717% |
| Credit institutions | 430/8 | €2,302 | €41,833 | +€39,531 | +1,717% |
| Trade debts | 44 | €8,122 | €25,701 | +€17,579 | +216% |
| Suppliers | 440/4 | €8,122 | €25,701 | +€17,579 | +216% |
| Taxes, remuneration and social security | 45 | €1,496 | €2,976 | +€1,481 | +99.0% |
| Taxes | 450/3 | €1,496 | €2,976 | +€1,481 | +99.0% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,089 | €6,529 | +€4,441 | +213% |
| Other operating charges | 640/8 | €1,648 | €3,932 | +€2,284 | +139% |
| Gross operating margin | 9900 | €26,741 | €51,736 | +€24,995 | +93.5% |
| Operating profit (loss) | 9901 | €23,005 | €41,275 | +€18,271 | +79.4% |
| Financial income | 75/76B | €7,457 | €6,036 | -€1,421 | -19.1% |
| Recurring financial income | 75 | €7,457 | €6,036 | -€1,421 | -19.1% |
| Financial charges | 65/66B | €1,698 | €4,323 | +€2,625 | +155% |
| Recurring financial charges | 65 | €1,698 | €4,323 | +€2,625 | +155% |
| Profit (loss) for the period before taxes | 9903 | €28,764 | €42,989 | +€14,225 | +49.5% |
| Income taxes | 67/77 | €7,795 | €9,403 | +€1,608 | +20.6% |
| Profit (loss) for the period | 9904 | €20,969 | €33,586 | +€12,617 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,969 | €33,586 | +€12,617 | +60.2% |
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 26 October 2026 via checked.be.