GEO MAR: 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 MAR
Largest movements
- Receivables within one year +€54,860
up €54,860 (+83.1%), from €66,030 to €120,890
of which Trade receivables: +€54,283
- Tangible fixed assets -€2,155
down €2,155 (-33.4%), from €6,447 to €4,292
- Cash -€1,819
down €1,819 (-28.2%), from €6,440 to €4,621
mainly Receivables within one year (-€54,860) and Other debts (-€336)
- Trade debts +€32,792
up €32,792 (+48.5%), from €67,623 to €100,415
- Tax, wage and social debts +€16,633
up €16,633 (+74.2%), from €22,428 to €39,061
of which Remuneration and social security: +€16,280
- Gross operating margin -€13,854
down €13,854 (-68.4%), from €20,249 to €6,395
- Taxes -€3,206
down €3,206 (-90.1%), from €3,559 to €353
- Financial charges +€1,524
up €1,524 (+2,030%), from €75 to €1,599
- Other operating charges +€923
up €923 (+154%), from €600 to €1,523
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 | €113,727 | €163,580 | +€49,854 | +43.8% |
| Fixed assets | 21/28 | €6,447 | €4,292 | -€2,155 | -33.4% |
| Tangible fixed assets | 22/27 | €6,447 | €4,292 | -€2,155 | -33.4% |
| Furniture and vehicles | 24 | €6,447 | €4,292 | -€2,155 | -33.4% |
| Current assets | 29/58 | €107,279 | €159,288 | +€52,008 | +48.5% |
| Stocks and contracts in progress | 3 | €34,809 | €33,777 | -€1,032 | -3.0% |
| Stocks | 30/36 | €34,809 | €33,777 | -€1,032 | -3.0% |
| Amounts receivable within one year | 40/41 | €66,030 | €120,890 | +€54,860 | +83.1% |
| Trade receivables | 40 | €62,154 | €116,437 | +€54,283 | +87.3% |
| Other amounts receivable | 41 | €3,876 | €4,453 | +€577 | +14.9% |
| Cash at bank and in hand | 54/58 | €6,440 | €4,621 | -€1,819 | -28.2% |
| Total equity and liabilities | 10/49 | €113,727 | €163,580 | +€49,854 | +43.8% |
| Equity | 10/15 | €21,433 | €22,197 | +€764 | +3.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,433 | €19,197 | +€764 | +4.1% |
| Amounts payable | 17/49 | €92,294 | €141,383 | +€49,089 | +53.2% |
| Amounts payable within one year | 42/48 | €92,294 | €141,383 | +€49,089 | +53.2% |
| Trade debts | 44 | €67,623 | €100,415 | +€32,792 | +48.5% |
| Suppliers | 440/4 | €67,623 | €100,415 | +€32,792 | +48.5% |
| Taxes, remuneration and social security | 45 | €22,428 | €39,061 | +€16,633 | +74.2% |
| Taxes | 450/3 | €3,559 | €3,912 | +€353 | +9.9% |
| Remuneration and social security | 454/9 | €18,870 | €35,150 | +€16,280 | +86.3% |
| Other amounts payable | 47/48 | €2,243 | €1,907 | -€336 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,155 | €2,155 | = | 0.0% |
| Other operating charges | 640/8 | €600 | €1,523 | +€923 | +154% |
| Gross operating margin | 9900 | €20,249 | €6,395 | -€13,854 | -68.4% |
| Operating profit (loss) | 9901 | €17,494 | €2,717 | -€14,777 | -84.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.3% |
| Financial charges | 65/66B | €75 | €1,599 | +€1,524 | +2,030% |
| Recurring financial charges | 65 | €75 | €1,599 | +€1,524 | +2,030% |
| Profit (loss) for the period before taxes | 9903 | €17,420 | €1,117 | -€16,303 | -93.6% |
| Income taxes | 67/77 | €3,559 | €353 | -€3,206 | -90.1% |
| Profit (loss) for the period | 9904 | €13,861 | €764 | -€13,097 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,861 | €764 | -€13,097 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.