GEO MED: 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 MED
Largest movements
- Cash +€99,152
up €99,152 (+75.6%), from €131,112 to €230,264
mainly Net result for the year (+€91,234) and Depreciation (+€14,467)
- Tangible fixed assets -€11,451
down €11,451 (-28.8%), from €39,715 to €28,263
- Profit (loss) carried forward +€81,234
up €81,234 (+59.7%), from €135,965 to €217,199
- Reserves +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Tax, wage and social debts -€5,790
down €5,790 (-47.5%), from €12,198 to €6,408
- Gross operating margin +€30,952
up €30,952 (+29.5%), from €104,825 to €135,777
- Taxes +€8,759
up €8,759 (+43.4%), from €20,198 to €28,957
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 | €181,163 | €266,607 | +€85,444 | +47.2% |
| Fixed assets | 21/28 | €39,715 | €28,263 | -€11,451 | -28.8% |
| Tangible fixed assets | 22/27 | €39,715 | €28,263 | -€11,451 | -28.8% |
| Furniture and vehicles | 24 | €39,715 | €28,263 | -€11,451 | -28.8% |
| Current assets | 29/58 | €141,448 | €238,344 | +€96,896 | +68.5% |
| Amounts receivable within one year | 40/41 | €10,337 | €8,080 | -€2,256 | -21.8% |
| Other amounts receivable | 41 | €10,337 | €8,080 | -€2,256 | -21.8% |
| Cash at bank and in hand | 54/58 | €131,112 | €230,264 | +€99,152 | +75.6% |
| Total equity and liabilities | 10/49 | €181,163 | €266,607 | +€85,444 | +47.2% |
| Equity | 10/15 | €168,965 | €260,199 | +€91,234 | +54.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Distributable reserves | 133 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Profit (loss) carried forward | 14 | €135,965 | €217,199 | +€81,234 | +59.7% |
| Amounts payable | 17/49 | €12,198 | €6,408 | -€5,790 | -47.5% |
| Amounts payable within one year | 42/48 | €12,198 | €6,408 | -€5,790 | -47.5% |
| Taxes, remuneration and social security | 45 | €12,198 | €6,408 | -€5,790 | -47.5% |
| Taxes | 450/3 | €12,198 | €6,408 | -€5,790 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,763 | €14,467 | -€296 | -2.0% |
| Other operating charges | 640/8 | €1,009 | €1,022 | +€14 | +1.4% |
| Gross operating margin | 9900 | €104,825 | €135,777 | +€30,952 | +29.5% |
| Operating profit (loss) | 9901 | €89,053 | €120,287 | +€31,234 | +35.1% |
| Financial charges | 65/66B | €247 | €96 | -€151 | -61.3% |
| Recurring financial charges | 65 | €247 | €96 | -€151 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €88,806 | €120,191 | +€31,385 | +35.3% |
| Income taxes | 67/77 | €20,198 | €28,957 | +€8,759 | +43.4% |
| Profit (loss) for the period | 9904 | €68,608 | €91,234 | +€22,626 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,608 | €91,234 | +€22,626 | +33.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.