GEO ELECTRIX: what changed
What changed
GEO ELECTRIX
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€40,008
2024 · €27,843+€12,165
Equity
€146,964
2024 · €106,956+€40,008
Cash
€27,464
2024 · €26,379+€1,084
Balance sheet total
€247,609
2024 · €173,057+€74,552
Largest movements
Assets
- Tangible fixed assets +€32,903
up €32,903 (+59.7%), from €55,097 to €88,000
of which Leasing and similar rights: +€30,065
- Stocks and contracts +€22,127
up €22,127 (+436%), from €5,075 to €27,202
of which Stocks: +€13,534
- Current investments +€20,062
up €20,062 (+40.1%), from €50,000 to €70,062
- Receivables within one year -€2,971
down €2,971 (-8.2%), from €36,030 to €33,059
of which Other amounts receivable: -€3,695
Equity and liabilities
- Reserves +€40,008
up €40,008 (+39.7%), from €100,756 to €140,764
- Debts after one year +€29,736
up €29,736 (+93.1%), from €31,950 to €61,687
- Trade debts +€4,999
up €4,999 (+131%), from €3,805 to €8,804
- Tax, wage and social debts +€3,234
up €3,234 (+43.2%), from €7,480 to €10,713
of which Taxes: +€3,507
Income statement
- Gross operating margin +€16,365
up €16,365 (+25.4%), from €64,554 to €80,920
- Taxes +€7,408
up €7,408 (+53.2%), from €13,912 to €21,320
- Depreciation -€4,536
down €4,536 (-23.4%), from €19,371 to €14,835
- Financial charges +€1,101
up €1,101 (+39.8%), from €2,764 to €3,865
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.
Result 2024
€27,843
Gross operating margin
+€16,365
Depreciation
+€4,536
Other operating charges
-€782
Financial income
+€553
Financial charges
-€1,101
Taxes
-€7,408
Result 2025
€40,008
raises the resultlowers the result
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.
From operations
+€40,113
Investment
-€67,799
Financing
+€28,771
Cash 2024
€26,379
From operations (derived)
+€40,113
Net result for the year
+€40,008
Depreciation
+€14,835
Stocks and contracts
-€22,127
Receivables within one year
+€2,971
Deferred charges and accrued income
-€1,348
Trade debts
+€4,999
Tax, wage and social debts
+€3,234
Other debts
-€2,459
Investment (derived)
-€67,799
Investment in fixed assets (net)
-€47,738
Current investments
-€20,062
Financing
+€28,771
Debts after one year
+€29,736
Current portion of long-term debt
-€2,234
Short-term financial debts
+€1,268
Cash 2025
€27,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,057 | €247,609 | +€74,552 | +43.1% |
| Fixed assets | 21/28 | €55,097 | €88,000 | +€32,903 | +59.7% |
| Tangible fixed assets | 22/27 | €55,097 | €88,000 | +€32,903 | +59.7% |
| Land and buildings | 22 | €44,443 | €38,449 | -€5,994 | -13.5% |
| Plant, machinery and equipment | 23 | €237 | €2,300 | +€2,062 | +869% |
| Furniture and vehicles | 24 | €6,618 | €13,387 | +€6,769 | +102% |
| Leasing and similar rights | 25 | €3,799 | €33,864 | +€30,065 | +791% |
| Current assets | 29/58 | €117,960 | €159,609 | +€41,649 | +35.3% |
| Stocks and contracts in progress | 3 | €5,075 | €27,202 | +€22,127 | +436% |
| Stocks | 30/36 | €5,075 | €18,609 | +€13,534 | +267% |
| Contracts in progress | 37 | - | €8,593 | +€8,593 | |
| Amounts receivable within one year | 40/41 | €36,030 | €33,059 | -€2,971 | -8.2% |
| Trade receivables | 40 | €27,811 | €28,535 | +€724 | +2.6% |
| Other amounts receivable | 41 | €8,219 | €4,524 | -€3,695 | -45.0% |
| Current investments | 50/53 | €50,000 | €70,062 | +€20,062 | +40.1% |
| Cash at bank and in hand | 54/58 | €26,379 | €27,464 | +€1,084 | +4.1% |
| Deferred charges and accrued income | 490/1 | €475 | €1,823 | +€1,348 | +284% |
| Total equity and liabilities | 10/49 | €173,057 | €247,609 | +€74,552 | +43.1% |
| Equity | 10/15 | €106,956 | €146,964 | +€40,008 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,756 | €140,764 | +€40,008 | +39.7% |
| Distributable reserves | 133 | €100,756 | €140,764 | +€40,008 | +39.7% |
| Amounts payable | 17/49 | €66,101 | €100,645 | +€34,544 | +52.3% |
| Amounts payable after more than one year | 17 | €31,950 | €61,687 | +€29,736 | +93.1% |
| Financial debts | 170/4 | €31,950 | €61,687 | +€29,736 | +93.1% |
| Amounts payable within one year | 42/48 | €34,150 | €38,958 | +€4,808 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €16,388 | €14,154 | -€2,234 | -13.6% |
| Financial debts | 43 | €1,276 | €2,544 | +€1,268 | +99.4% |
| Credit institutions | 430/8 | €1,276 | €2,544 | +€1,268 | +99.4% |
| Trade debts | 44 | €3,805 | €8,804 | +€4,999 | +131% |
| Suppliers | 440/4 | €3,805 | €8,804 | +€4,999 | +131% |
| Taxes, remuneration and social security | 45 | €7,480 | €10,713 | +€3,234 | +43.2% |
| Taxes | 450/3 | €7,207 | €10,713 | +€3,507 | +48.7% |
| Remuneration and social security | 454/9 | €273 | - | -€273 | |
| Other amounts payable | 47/48 | €5,202 | €2,743 | -€2,459 | -47.3% |
| Non-recurring operating income | 76A | - | €18,701 | +€18,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,371 | €14,835 | -€4,536 | -23.4% |
| Other operating charges | 640/8 | €1,955 | €2,737 | +€782 | +40.0% |
| Gross operating margin | 9900 | €64,554 | €80,920 | +€16,365 | +25.4% |
| Operating profit (loss) | 9901 | €43,228 | €63,348 | +€20,120 | +46.5% |
| Financial income | 75/76B | €1,292 | €1,845 | +€553 | +42.8% |
| Recurring financial income | 75 | €1,292 | €1,845 | +€553 | +42.8% |
| Financial charges | 65/66B | €2,764 | €3,865 | +€1,101 | +39.8% |
| Recurring financial charges | 65 | €2,764 | €3,865 | +€1,101 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €41,756 | €61,328 | +€19,572 | +46.9% |
| Income taxes | 67/77 | €13,912 | €21,320 | +€7,408 | +53.2% |
| Profit (loss) for the period | 9904 | €27,843 | €40,008 | +€12,165 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,843 | €40,008 | +€12,165 | +43.7% |
Next steps
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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 5 November 2026 via checked.be.