GEO. CONSTRUCT INT: 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. CONSTRUCT INT
Largest movements
- Cash -€173,958
down €173,958 (-87.7%), from €198,281 to €24,323
mainly Receivables within one year (-€133,700) and Trade debts (-€121,259)
- Receivables within one year +€133,700
up €133,700 (+19.9%), from €672,686 to €806,385
of which Trade receivables: +€75,077
- Tangible fixed assets -€15,529
down €15,529 (-22.4%), from €69,326 to €53,796
of which Furniture and vehicles: -€11,387
- Deferred charges and accrued income -€14,683
down €14,683 (-69.0%), from €21,267 to €6,584
- Trade debts -€121,259
down €121,259 (-56.1%), from €216,233 to €94,974
- Profit (loss) carried forward +€53,575
up €53,575 (+13.3%), from €402,453 to €456,028
- Gross operating margin -€158,440
down €158,440 (-53.0%), from €298,785 to €140,345
- Write-downs -€132,985
down €132,985, from €66,493 to -€66,493
- Provisions -€73,000
down €73,000 (-100.0%), from €73,000 to €0
- Other operating charges +€63,536
up €63,536 (+179.1%), from €35,466 to €99,002
- Taxes -€26,219
down €26,219 (-62.9%), from €41,694 to €15,475
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 | €964,219 | €893,749 | -€70,470 | -7.3% |
| Fixed assets | 21/28 | €71,986 | €56,456 | -€15,529 | -21.6% |
| Tangible fixed assets | 22/27 | €69,326 | €53,796 | -€15,529 | -22.4% |
| Plant, machinery and equipment | 23 | €22,404 | €18,261 | -€4,143 | -18.5% |
| Furniture and vehicles | 24 | €46,922 | €35,535 | -€11,387 | -24.3% |
| Financial fixed assets | 28 | €2,660 | €2,660 | = | 0.0% |
| Current assets | 29/58 | €892,234 | €837,293 | -€54,941 | -6.2% |
| Amounts receivable within one year | 40/41 | €672,686 | €806,385 | +€133,700 | +19.9% |
| Trade receivables | 40 | €206,993 | €282,070 | +€75,077 | +36.3% |
| Other amounts receivable | 41 | €465,693 | €524,316 | +€58,623 | +12.6% |
| Cash at bank and in hand | 54/58 | €198,281 | €24,323 | -€173,958 | -87.7% |
| Deferred charges and accrued income | 490/1 | €21,267 | €6,584 | -€14,683 | -69.0% |
| Total equity and liabilities | 10/49 | €964,219 | €893,749 | -€70,470 | -7.3% |
| Equity | 10/15 | €677,913 | €731,488 | +€53,575 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,860 | €256,860 | = | 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% |
| Distributable reserves | 133 | €255,000 | €255,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €402,453 | €456,028 | +€53,575 | +13.3% |
| Amounts payable | 17/49 | €286,307 | €162,261 | -€124,045 | -43.3% |
| Amounts payable after more than one year | 17 | €29,709 | €21,252 | -€8,458 | -28.5% |
| Financial debts | 170/4 | €29,709 | €21,252 | -€8,458 | -28.5% |
| Amounts payable within one year | 42/48 | €255,319 | €140,564 | -€114,755 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €8,092 | €13,790 | +€5,698 | +70.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €216,233 | €94,974 | -€121,259 | -56.1% |
| Suppliers | 440/4 | €216,233 | €94,974 | -€121,259 | -56.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,694 | €30,500 | +€806 | +2.7% |
| Taxes | 450/3 | €29,694 | €30,162 | +€467 | +1.6% |
| Remuneration and social security | 454/9 | €0 | €338 | +€338 | |
| Other amounts payable | 47/48 | €1,300 | €1,300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,279 | €446 | -€833 | -65.1% |
| Non-recurring operating income | 76A | - | €240 | +€240 | |
| Remuneration, social security and pensions | 62 | - | €22,845 | +€22,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,107 | €21,080 | +€4,973 | +30.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,493 | -€66,493 | -€132,985 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €73,000 | €0 | -€73,000 | -100.0% |
| Other operating charges | 640/8 | €35,466 | €99,002 | +€63,536 | +179.1% |
| Gross operating margin | 9900 | €298,785 | €140,345 | -€158,440 | -53.0% |
| Operating profit (loss) | 9901 | €107,719 | €63,911 | -€43,808 | -40.7% |
| Financial income | 75/76B | €26,020 | €25,637 | -€384 | -1.5% |
| Recurring financial income | 75 | €26,020 | €25,637 | -€384 | -1.5% |
| Financial charges | 65/66B | €6,438 | €10,775 | +€4,336 | +67.3% |
| Recurring financial charges | 65 | €6,438 | €10,775 | +€4,336 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €127,301 | €78,773 | -€48,528 | -38.1% |
| Income taxes | 67/77 | €41,694 | €15,475 | -€26,219 | -62.9% |
| Profit (loss) for the period | 9904 | €85,607 | €63,298 | -€22,308 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,607 | €63,298 | -€22,308 | -26.1% |
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 3 October 2026 via checked.be.