GEO-DESIGN: what changed
GEO-DESIGN
Largest movements
- Cash +€65,248
up €65,248 (+30.1%), from €216,886 to €282,134
mainly Receivables within one year (+€53,809) and Depreciation (+€14,030)
- Receivables within one year -€53,809
down €53,809 (-31.7%), from €169,659 to €115,850
of which Trade receivables: -€72,873
- Tangible fixed assets -€14,030
down €14,030 (-26.5%), from €53,034 to €39,003
of which Furniture and vehicles: -€10,872
- Current investments +€6,278
up €6,278 (+9.2%), from €68,510 to €74,787
- Trade debts +€12,680
up €12,680 (+166%), from €7,627 to €20,307
- Gross operating margin -€90,702
down €90,702 (-69.3%), from €130,936 to €40,234
- Taxes -€32,852
down €32,852 (-99.5%), from €33,002 to €150
- Write-downs +€21,337
up €21,337 (+1,975%), from €1,080 to €22,418
- Other operating charges +€6,432
up €6,432 (+936%), from €687 to €7,120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €517,203 | €526,093 | +€8,890 | +1.7% |
| Fixed assets | 21/28 | €53,034 | €39,003 | -€14,030 | -26.5% |
| Tangible fixed assets | 22/27 | €53,034 | €39,003 | -€14,030 | -26.5% |
| Furniture and vehicles | 24 | €34,295 | €23,423 | -€10,872 | -31.7% |
| Other tangible fixed assets | 26 | €18,738 | €15,580 | -€3,158 | -16.9% |
| Current assets | 29/58 | €464,169 | €487,090 | +€22,921 | +4.9% |
| Amounts receivable within one year | 40/41 | €169,659 | €115,850 | -€53,809 | -31.7% |
| Trade receivables | 40 | €169,596 | €96,723 | -€72,873 | -43.0% |
| Other amounts receivable | 41 | €63 | €19,127 | +€19,064 | +30,261% |
| Current investments | 50/53 | €68,510 | €74,787 | +€6,278 | +9.2% |
| Cash at bank and in hand | 54/58 | €216,886 | €282,134 | +€65,248 | +30.1% |
| Deferred charges and accrued income | 490/1 | €9,114 | €14,318 | +€5,204 | +57.1% |
| Total equity and liabilities | 10/49 | €517,203 | €526,093 | +€8,890 | +1.7% |
| Equity | 10/15 | €483,828 | €481,382 | -€2,445 | -0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €462,436 | €462,436 | = | 0.0% |
| Distributable reserves | 133 | €462,436 | €462,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,992 | €6,546 | -€2,445 | -27.2% |
| Amounts payable | 17/49 | €33,375 | €44,711 | +€11,336 | +34.0% |
| Amounts payable within one year | 42/48 | €33,375 | €44,711 | +€11,336 | +34.0% |
| Trade debts | 44 | €7,627 | €20,307 | +€12,680 | +166% |
| Suppliers | 440/4 | €7,627 | €20,307 | +€12,680 | +166% |
| Taxes, remuneration and social security | 45 | €18,788 | €17,588 | -€1,200 | -6.4% |
| Taxes | 450/3 | €18,788 | €17,588 | -€1,200 | -6.4% |
| Other amounts payable | 47/48 | €6,960 | €6,816 | -€144 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,735 | €14,030 | +€296 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,080 | €22,418 | +€21,337 | +1,975% |
| Other operating charges | 640/8 | €687 | €7,120 | +€6,432 | +936% |
| Gross operating margin | 9900 | €130,936 | €40,234 | -€90,702 | -69.3% |
| Operating profit (loss) | 9901 | €115,434 | -€3,334 | -€118,767 | |
| Financial income | 75/76B | €651 | €1,201 | +€551 | +84.6% |
| Recurring financial income | 75 | €651 | €1,201 | +€551 | +84.6% |
| Financial charges | 65/66B | €102 | €163 | +€61 | +60.1% |
| Recurring financial charges | 65 | €102 | €163 | +€61 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €115,982 | -€2,296 | -€118,278 | |
| Income taxes | 67/77 | €33,002 | €150 | -€32,852 | -99.5% |
| Profit (loss) for the period | 9904 | €82,981 | -€2,445 | -€85,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,981 | -€2,445 | -€85,426 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.