Geo Management: 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 Management
Largest movements
- Cash -€34,655
down €34,655 (-41.9%), from €82,767 to €48,112
mainly Other debts (-€37,055) and Investment in fixed assets (net) (-€12,557)
- Stocks and contracts -€5,934
down €5,934 (-10.1%), from €59,000 to €53,066
of which Contracts in progress: -€4,183
- Receivables within one year +€2,869
up €2,869 (+15.3%), from €18,758 to €21,627
of which Other amounts receivable: +€16,610
- Other debts -€37,055
no longer reported in 2025 (was €37,055)
- Tax, wage and social debts -€3,047
down €3,047 (-22.1%), from €13,783 to €10,736
- Gross operating margin +€9,617
up €9,617 (+43.4%), from €22,170 to €31,787
- Other operating charges +€4,244
up €4,244 (+216.1%), from €1,964 to €6,208
- Financial charges +€4,128
up €4,128 (+151.1%), from €2,732 to €6,860
- Depreciation -€3,872
down €3,872 (-21.5%), from €17,975 to €14,103
- Taxes +€3,223
up €3,223 (+263.5%), from €1,223 to €4,446
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.
Cash bridge derived
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 | €177,073 | €137,807 | -€39,266 | -22.2% |
| Fixed assets | 21/28 | €16,548 | €15,002 | -€1,546 | -9.3% |
| Tangible fixed assets | 22/27 | €16,548 | €15,002 | -€1,546 | -9.3% |
| Plant, machinery and equipment | 23 | €12,342 | €2,812 | -€9,530 | -77.2% |
| Furniture and vehicles | 24 | €4,206 | €12,190 | +€7,984 | +189.8% |
| Current assets | 29/58 | €160,525 | €122,805 | -€37,720 | -23.5% |
| Stocks and contracts in progress | 3 | €59,000 | €53,066 | -€5,934 | -10.1% |
| Stocks | 30/36 | €54,817 | €53,066 | -€1,751 | -3.2% |
| Contracts in progress | 37 | €4,183 | - | -€4,183 | |
| Amounts receivable within one year | 40/41 | €18,758 | €21,627 | +€2,869 | +15.3% |
| Trade receivables | 40 | €17,697 | €3,956 | -€13,741 | -77.6% |
| Other amounts receivable | 41 | €1,062 | €17,671 | +€16,610 | +1564.7% |
| Cash at bank and in hand | 54/58 | €82,767 | €48,112 | -€34,655 | -41.9% |
| Total equity and liabilities | 10/49 | €177,073 | €137,807 | -€39,266 | -22.2% |
| Equity | 10/15 | €117,872 | €118,041 | +€169 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,472 | €105,641 | +€169 | +0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,612 | €103,781 | +€169 | +0.2% |
| Amounts payable | 17/49 | €59,202 | €19,766 | -€39,435 | -66.6% |
| Amounts payable within one year | 42/48 | €59,202 | €19,766 | -€39,435 | -66.6% |
| Trade debts | 44 | €8,363 | €9,030 | +€667 | +8.0% |
| Suppliers | 440/4 | €8,363 | €9,030 | +€667 | +8.0% |
| Taxes, remuneration and social security | 45 | €13,783 | €10,736 | -€3,047 | -22.1% |
| Taxes | 450/3 | €13,783 | €10,736 | -€3,047 | -22.1% |
| Other amounts payable | 47/48 | €37,055 | - | -€37,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,975 | €14,103 | -€3,872 | -21.5% |
| Other operating charges | 640/8 | €1,964 | €6,208 | +€4,244 | +216.1% |
| Gross operating margin | 9900 | €22,170 | €31,787 | +€9,617 | +43.4% |
| Operating profit (loss) | 9901 | €2,231 | €11,476 | +€9,245 | +414.4% |
| Financial charges | 65/66B | €2,732 | €6,860 | +€4,128 | +151.1% |
| Recurring financial charges | 65 | €2,732 | €6,860 | +€4,128 | +151.1% |
| Profit (loss) for the period before taxes | 9903 | -€501 | €4,616 | +€5,117 | |
| Income taxes | 67/77 | €1,223 | €4,446 | +€3,223 | +263.5% |
| Profit (loss) for the period | 9904 | -€1,725 | €169 | +€1,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,725 | €169 | +€1,894 |
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 10 October 2026 via checked.be.