GEO DS: 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 DS
Largest movements
- Receivables within one year +€15,456
up €15,456 (+32.9%), from €46,946 to €62,402
of which Trade receivables: +€10,503
- Intangible fixed assets -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Tangible fixed assets -€5,212
down €5,212 (-7.8%), from €67,219 to €62,008
- Debts after one year -€10,657
down €10,657 (-32.7%), from €32,570 to €21,912
- Tax, wage and social debts +€10,528
up €10,528 (+140%), from €7,526 to €18,055
of which Remuneration and social security: +€7,599
- Trade debts +€8,394
up €8,394 (+235%), from €3,571 to €11,965
of which Suppliers: +€9,877
- Reserves -€4,586
no longer reported in 2025 (was €4,586)
- Gross operating margin -€16,142
down €16,142 (-15.2%), from €106,028 to €89,886
- Depreciation +€7,976
up €7,976 (+40.4%), from €19,753 to €27,729
- Staff costs +€6,921
up €6,921 (+14.1%), from €49,057 to €55,978
- Taxes -€4,936
down €4,936 (-66.5%), from €7,420 to €2,484
- Other operating charges +€1,454
up €1,454 (+1,369%), from €106 to €1,561
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 | €218,070 | €219,352 | +€1,283 | +0.6% |
| Fixed assets | 21/28 | €107,394 | €92,183 | -€15,212 | -14.2% |
| Intangible fixed assets | 21 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Tangible fixed assets | 22/27 | €67,219 | €62,008 | -€5,212 | -7.8% |
| Furniture and vehicles | 24 | €67,219 | €62,008 | -€5,212 | -7.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €110,675 | €127,169 | +€16,494 | +14.9% |
| Amounts receivable within one year | 40/41 | €46,946 | €62,402 | +€15,456 | +32.9% |
| Trade receivables | 40 | €45,867 | €56,370 | +€10,503 | +22.9% |
| Other amounts receivable | 41 | €1,080 | €6,032 | +€4,952 | +459% |
| Cash at bank and in hand | 54/58 | €58,127 | €59,977 | +€1,851 | +3.2% |
| Deferred charges and accrued income | 490/1 | €5,602 | €4,790 | -€812 | -14.5% |
| Total equity and liabilities | 10/49 | €218,070 | €219,352 | +€1,283 | +0.6% |
| Equity | 10/15 | €109,509 | €105,521 | -€3,988 | -3.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €4,586 | - | -€4,586 | |
| Distributable reserves | 133 | €4,586 | - | -€4,586 | |
| Profit (loss) carried forward | 14 | €92,923 | €93,521 | +€598 | +0.6% |
| Amounts payable | 17/49 | €108,561 | €113,832 | +€5,271 | +4.9% |
| Amounts payable after more than one year | 17 | €32,570 | €21,912 | -€10,657 | -32.7% |
| Financial debts | 170/4 | €32,570 | €21,912 | -€10,657 | -32.7% |
| Amounts payable within one year | 42/48 | €75,991 | €91,919 | +€15,928 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €12,367 | €10,657 | -€1,710 | -13.8% |
| Trade debts | 44 | €3,571 | €11,965 | +€8,394 | +235% |
| Suppliers | 440/4 | €2,088 | €11,965 | +€9,877 | +473% |
| Bills of exchange payable | 441 | €1,483 | - | -€1,483 | |
| Taxes, remuneration and social security | 45 | €7,526 | €18,055 | +€10,528 | +140% |
| Taxes | 450/3 | €5,577 | €8,506 | +€2,930 | +52.5% |
| Remuneration and social security | 454/9 | €1,950 | €9,548 | +€7,599 | +390% |
| Other amounts payable | 47/48 | €52,526 | €51,242 | -€1,284 | -2.4% |
| Non-recurring operating income | 76A | €8,961 | - | -€8,961 | |
| Remuneration, social security and pensions | 62 | €49,057 | €55,978 | +€6,921 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,753 | €27,729 | +€7,976 | +40.4% |
| Other operating charges | 640/8 | €106 | €1,561 | +€1,454 | +1,369% |
| Gross operating margin | 9900 | €106,028 | €89,886 | -€16,142 | -15.2% |
| Operating profit (loss) | 9901 | €37,112 | €4,619 | -€32,494 | -87.6% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €1,269 | €1,591 | +€322 | +25.4% |
| Recurring financial charges | 65 | €1,269 | €1,591 | +€322 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €35,843 | €3,082 | -€32,761 | -91.4% |
| Income taxes | 67/77 | €7,420 | €2,484 | -€4,936 | -66.5% |
| Profit (loss) for the period | 9904 | €28,423 | €598 | -€27,825 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,423 | €598 | -€27,825 | -97.9% |
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 19 October 2026 via checked.be.