Geo-expert Lander Bral: 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-expert Lander Bral
Largest movements
- Tangible fixed assets -€14,662
down €14,662 (-7.4%), from €197,811 to €183,149
- Cash +€13,292
up €13,292 (+67.2%), from €19,775 to €33,067
mainly Depreciation (+€18,353) and Net result for the year (+€11,561)
- Deferred charges and accrued income +€3,604
up €3,604 (+72.6%), from €4,965 to €8,569
- Receivables within one year -€3,472
down €3,472 (-34.6%), from €10,025 to €6,553
of which Other amounts receivable: -€2,616
- Profit (loss) carried forward +€11,561
up €11,561 (+48.3%), from €23,945 to €35,506
- Debts after one year -€10,168
down €10,168 (-6.1%), from €167,948 to €157,779
- Other debts -€8,987
down €8,987 (-44.8%), from €20,046 to €11,059
- Tax, wage and social debts +€5,398
up €5,398 (+149%), from €3,634 to €9,031
- Gross operating margin +€16,518
up €16,518 (+63.4%), from €26,064 to €42,582
- Financial charges +€6,315
up €6,315 (+2,277%), from €277 to €6,592
- Depreciation +€5,404
up €5,404 (+41.7%), from €12,949 to €18,353
- Taxes +€1,076
up €1,076 (+32.2%), from €3,344 to €4,420
- Other operating charges +€513
up €513 (+42.9%), from €1,194 to €1,707
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 | €232,575 | €231,339 | -€1,236 | -0.5% |
| Fixed assets | 21/28 | €197,811 | €183,149 | -€14,662 | -7.4% |
| Tangible fixed assets | 22/27 | €197,811 | €183,149 | -€14,662 | -7.4% |
| Land and buildings | 22 | €809 | €4,050 | +€3,241 | +400% |
| Plant, machinery and equipment | 23 | €9,692 | €5,038 | -€4,654 | -48.0% |
| Furniture and vehicles | 24 | €14,468 | €8,171 | -€6,296 | -43.5% |
| Other tangible fixed assets | 26 | €172,842 | €165,890 | -€6,952 | -4.0% |
| Current assets | 29/58 | €34,765 | €48,190 | +€13,425 | +38.6% |
| Amounts receivable within one year | 40/41 | €10,025 | €6,553 | -€3,472 | -34.6% |
| Trade receivables | 40 | €7,237 | €6,381 | -€856 | -11.8% |
| Other amounts receivable | 41 | €2,788 | €172 | -€2,616 | -93.8% |
| Cash at bank and in hand | 54/58 | €19,775 | €33,067 | +€13,292 | +67.2% |
| Deferred charges and accrued income | 490/1 | €4,965 | €8,569 | +€3,604 | +72.6% |
| Total equity and liabilities | 10/49 | €232,575 | €231,339 | -€1,236 | -0.5% |
| Equity | 10/15 | €25,945 | €37,506 | +€11,561 | +44.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,945 | €35,506 | +€11,561 | +48.3% |
| Amounts payable | 17/49 | €206,630 | €193,832 | -€12,798 | -6.2% |
| Amounts payable after more than one year | 17 | €167,948 | €157,779 | -€10,168 | -6.1% |
| Financial debts | 170/4 | €167,948 | €157,779 | -€10,168 | -6.1% |
| Amounts payable within one year | 42/48 | €38,683 | €35,583 | -€3,099 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €8,352 | €9,422 | +€1,070 | +12.8% |
| Financial debts | 43 | €61 | €282 | +€222 | +366% |
| Other loans | 439 | €61 | €282 | +€222 | +366% |
| Trade debts | 44 | €6,590 | €5,789 | -€801 | -12.2% |
| Suppliers | 440/4 | €6,590 | €5,789 | -€801 | -12.2% |
| Taxes, remuneration and social security | 45 | €3,634 | €9,031 | +€5,398 | +149% |
| Taxes | 450/3 | €3,634 | €9,031 | +€5,398 | +149% |
| Other amounts payable | 47/48 | €20,046 | €11,059 | -€8,987 | -44.8% |
| Accrued charges and deferred income | 492/3 | €0 | €470 | +€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,949 | €18,353 | +€5,404 | +41.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €428 | €0 | -€428 | -100% |
| Other operating charges | 640/8 | €1,194 | €1,707 | +€513 | +42.9% |
| Gross operating margin | 9900 | €26,064 | €42,582 | +€16,518 | +63.4% |
| Operating profit (loss) | 9901 | €11,493 | €22,522 | +€11,029 | +96.0% |
| Financial income | 75/76B | €0 | €52 | +€52 | +19,311% |
| Recurring financial income | 75 | €0 | €52 | +€52 | +19,311% |
| Financial charges | 65/66B | €277 | €6,592 | +€6,315 | +2,277% |
| Recurring financial charges | 65 | €277 | €6,592 | +€6,315 | +2,277% |
| Profit (loss) for the period before taxes | 9903 | €11,215 | €15,982 | +€4,766 | +42.5% |
| Income taxes | 67/77 | €3,344 | €4,420 | +€1,076 | +32.2% |
| Profit (loss) for the period | 9904 | €7,871 | €11,561 | +€3,690 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,871 | €11,561 | +€3,690 | +46.9% |
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 27 October 2026 via checked.be.