GEO-EX: 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-EX
Largest movements
- Receivables within one year -€4,916
down €4,916 (-14.7%), from €33,491 to €28,575
of which Trade receivables: -€22,979
- Tangible fixed assets -€4,028
down €4,028 (-34.1%), from €11,819 to €7,791
of which Furniture and vehicles: -€2,237
- Cash +€1,140
up €1,140 (+132%), from €867 to €2,007
mainly Receivables within one year (+€4,916) and Depreciation (+€4,028)
- Trade debts -€10,315
down €10,315 (-84.3%), from €12,231 to €1,916
- Profit (loss) carried forward +€3,495
up €3,495 (+13.4%), from €26,081 to €29,577
- Tax, wage and social debts -€1,071
down €1,071 (-30.8%), from €3,482 to €2,411
of which Remuneration and social security: -€2,068
- Gross operating margin +€19,051
up €19,051, from -€10,482 to €8,569
- Depreciation -€3,494
down €3,494 (-46.4%), from €7,522 to €4,028
- Financial charges -€1,735
down €1,735 (-82.6%), from €2,100 to €364
- Financial income +€731
up €731 (+7,126%), from €10 to €741
- Taxes +€655
new in 2025: €655
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 | €47,994 | €40,352 | -€7,643 | -15.9% |
| Fixed assets | 21/28 | €12,569 | €8,541 | -€4,028 | -32.0% |
| Tangible fixed assets | 22/27 | €11,819 | €7,791 | -€4,028 | -34.1% |
| Plant, machinery and equipment | 23 | €7,646 | €5,855 | -€1,791 | -23.4% |
| Furniture and vehicles | 24 | €4,173 | €1,936 | -€2,237 | -53.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €35,425 | €31,811 | -€3,614 | -10.2% |
| Amounts receivable within one year | 40/41 | €33,491 | €28,575 | -€4,916 | -14.7% |
| Trade receivables | 40 | €31,743 | €8,764 | -€22,979 | -72.4% |
| Other amounts receivable | 41 | €1,748 | €19,810 | +€18,062 | +1,033% |
| Cash at bank and in hand | 54/58 | €867 | €2,007 | +€1,140 | +132% |
| Deferred charges and accrued income | 490/1 | €1,067 | €1,229 | +€162 | +15.2% |
| Total equity and liabilities | 10/49 | €47,994 | €40,352 | -€7,643 | -15.9% |
| Equity | 10/15 | €32,281 | €35,777 | +€3,495 | +10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,081 | €29,577 | +€3,495 | +13.4% |
| Amounts payable | 17/49 | €15,713 | €4,575 | -€11,138 | -70.9% |
| Amounts payable within one year | 42/48 | €15,713 | €4,327 | -€11,386 | -72.5% |
| Trade debts | 44 | €12,231 | €1,916 | -€10,315 | -84.3% |
| Suppliers | 440/4 | €12,231 | €1,916 | -€10,315 | -84.3% |
| Taxes, remuneration and social security | 45 | €3,482 | €2,411 | -€1,071 | -30.8% |
| Taxes | 450/3 | €1,414 | €2,411 | +€997 | +70.5% |
| Remuneration and social security | 454/9 | €2,068 | - | -€2,068 | |
| Accrued charges and deferred income | 492/3 | - | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,522 | €4,028 | -€3,494 | -46.4% |
| Other operating charges | 640/8 | €459 | €767 | +€308 | +67.0% |
| Gross operating margin | 9900 | -€10,482 | €8,569 | +€19,051 | |
| Operating profit (loss) | 9901 | -€18,464 | €3,774 | +€22,237 | |
| Financial income | 75/76B | €10 | €741 | +€731 | +7,126% |
| Recurring financial income | 75 | €10 | €741 | +€731 | +7,126% |
| Financial charges | 65/66B | €2,100 | €364 | -€1,735 | -82.6% |
| Recurring financial charges | 65 | €2,100 | €364 | -€1,735 | -82.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,553 | €4,151 | +€24,704 | |
| Income taxes | 67/77 | - | €655 | +€655 | |
| Profit (loss) for the period | 9904 | -€20,553 | €3,495 | +€24,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,553 | €3,495 | +€24,049 |
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 16 October 2026 via checked.be.