Geo-Infra: 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-Infra
Largest movements
- Tangible fixed assets +€176,678
up €176,678 (+1,220%), from €14,484 to €191,162
of which Land and buildings: +€141,001
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€8,183
down €8,183 (-82.9%), from €9,870 to €1,686
mainly Investment in fixed assets (net) (-€186,876) and Receivables after one year (-€25,000)
- Receivables within one year -€5,050
down €5,050 (-25.9%), from €19,522 to €14,473
of which Other amounts receivable: -€5,497
- Deferred charges and accrued income +€2,405
up €2,405 (+209%), from €1,150 to €3,554
- Debts after one year +€138,026
new in 2025: €138,026
- Profit (loss) carried forward +€33,249
up €33,249 (+122%), from €27,318 to €60,568
- Current portion of long-term debt +€12,206
new in 2025: €12,206
- Short-term financial debts +€3,364
new in 2025: €3,364
- Other debts +€2,517
new in 2025: €2,517
- Gross operating margin +€18,753
up €18,753 (+48.7%), from €38,495 to €57,248
- Depreciation +€7,183
up €7,183 (+238%), from €3,015 to €10,198
- Financial charges +€3,836
up €3,836 (+1,549%), from €248 to €4,083
- Other operating charges +€691
up €691 (+141%), from €490 to €1,181
- Taxes +€642
up €642 (+8.5%), from €7,560 to €8,202
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 | €45,025 | €235,876 | +€190,850 | +424% |
| Fixed assets | 21/28 | €14,484 | €191,162 | +€176,678 | +1,220% |
| Tangible fixed assets | 22/27 | €14,484 | €191,162 | +€176,678 | +1,220% |
| Land and buildings | 22 | - | €141,001 | +€141,001 | |
| Furniture and vehicles | 24 | €14,484 | €50,161 | +€35,678 | +246% |
| Current assets | 29/58 | €30,541 | €44,713 | +€14,172 | +46.4% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €19,522 | €14,473 | -€5,050 | -25.9% |
| Trade receivables | 40 | €11,495 | €11,943 | +€448 | +3.9% |
| Other amounts receivable | 41 | €8,027 | €2,530 | -€5,497 | -68.5% |
| Cash at bank and in hand | 54/58 | €9,870 | €1,686 | -€8,183 | -82.9% |
| Deferred charges and accrued income | 490/1 | €1,150 | €3,554 | +€2,405 | +209% |
| Total equity and liabilities | 10/49 | €45,025 | €235,876 | +€190,850 | +424% |
| Equity | 10/15 | €32,318 | €65,568 | +€33,249 | +103% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,318 | €60,568 | +€33,249 | +122% |
| Amounts payable | 17/49 | €12,707 | €170,308 | +€157,601 | +1,240% |
| Amounts payable after more than one year | 17 | - | €138,026 | +€138,026 | |
| Financial debts | 170/4 | - | €138,026 | +€138,026 | |
| Amounts payable within one year | 42/48 | €11,621 | €32,282 | +€20,661 | +178% |
| Current portion of amounts payable after more than one year | 42 | - | €12,206 | +€12,206 | |
| Financial debts | 43 | - | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | - | €667 | +€667 | |
| Suppliers | 440/4 | - | €667 | +€667 | |
| Taxes, remuneration and social security | 45 | €11,621 | €13,528 | +€1,907 | +16.4% |
| Taxes | 450/3 | €11,621 | €13,528 | +€1,907 | +16.4% |
| Other amounts payable | 47/48 | - | €2,517 | +€2,517 | |
| Accrued charges and deferred income | 492/3 | €1,086 | - | -€1,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €10,198 | +€7,183 | +238% |
| Other operating charges | 640/8 | €490 | €1,181 | +€691 | +141% |
| Non-recurring operating charges | 66A | - | €434 | +€434 | |
| Gross operating margin | 9900 | €38,495 | €57,248 | +€18,753 | +48.7% |
| Operating profit (loss) | 9901 | €34,990 | €45,436 | +€10,445 | +29.9% |
| Financial income | 75/76B | €136 | €99 | -€37 | -27.0% |
| Recurring financial income | 75 | €136 | €99 | -€37 | -27.0% |
| Financial charges | 65/66B | €248 | €4,083 | +€3,836 | +1,549% |
| Recurring financial charges | 65 | €248 | €4,083 | +€3,836 | +1,549% |
| Profit (loss) for the period before taxes | 9903 | €34,878 | €41,452 | +€6,573 | +18.8% |
| Income taxes | 67/77 | €7,560 | €8,202 | +€642 | +8.5% |
| Profit (loss) for the period | 9904 | €27,318 | €33,249 | +€5,931 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,318 | €33,249 | +€5,931 | +21.7% |
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 25 October 2026 via checked.be.