GEO-METAL: 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-METAL
Largest movements
- Receivables after one year +€62,342
new in 2025: €62,342
- Tangible fixed assets +€44,271
up €44,271 (+29.0%), from €152,445 to €196,717
of which Plant, machinery and equipment: +€48,710
- Receivables within one year -€36,387
down €36,387 (-19.7%), from €184,878 to €148,492
of which Trade receivables: -€66,410
- Cash -€4,989
down €4,989 (-54.8%), from €9,109 to €4,120
mainly Investment in fixed assets (net) (-€90,149) and Receivables after one year (-€62,342)
- Trade debts +€35,559
up €35,559 (+166%), from €21,418 to €56,977
- Debts after one year +€18,145
up €18,145 (+24.0%), from €75,606 to €93,751
- Current portion of long-term debt -€14,871
down €14,871 (-29.0%), from €51,216 to €36,344
- Other debts +€14,303
up €14,303 (+26.4%), from €54,265 to €68,568
- Reserves +€12,205
up €12,205 (+11.7%), from €104,094 to €116,299
- Gross operating margin -€39,376
down €39,376 (-35.0%), from €112,490 to €73,114
- Depreciation -€22,184
down €22,184 (-32.6%), from €68,061 to €45,878
- Taxes -€4,086
down €4,086 (-43.0%), from €9,500 to €5,415
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 | €346,432 | €413,770 | +€67,338 | +19.4% |
| Fixed assets | 21/28 | €152,445 | €196,717 | +€44,271 | +29.0% |
| Tangible fixed assets | 22/27 | €152,445 | €196,717 | +€44,271 | +29.0% |
| Land and buildings | 22 | €79,413 | €75,345 | -€4,068 | -5.1% |
| Plant, machinery and equipment | 23 | €72,293 | €121,003 | +€48,710 | +67.4% |
| Furniture and vehicles | 24 | €739 | €369 | -€371 | -50.1% |
| Current assets | 29/58 | €193,987 | €217,054 | +€23,067 | +11.9% |
| Amounts receivable after more than one year | 29 | - | €62,342 | +€62,342 | |
| Other amounts receivable | 291 | - | €62,342 | +€62,342 | |
| Amounts receivable within one year | 40/41 | €184,878 | €148,492 | -€36,387 | -19.7% |
| Trade receivables | 40 | €184,252 | €117,842 | -€66,410 | -36.0% |
| Other amounts receivable | 41 | €626 | €30,650 | +€30,023 | +4,794% |
| Cash at bank and in hand | 54/58 | €9,109 | €4,120 | -€4,989 | -54.8% |
| Deferred charges and accrued income | 490/1 | - | €2,100 | +€2,100 | |
| Total equity and liabilities | 10/49 | €346,432 | €413,770 | +€67,338 | +19.4% |
| Equity | 10/15 | €134,094 | €146,299 | +€12,205 | +9.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €104,094 | €116,299 | +€12,205 | +11.7% |
| Distributable reserves | 133 | €104,094 | €116,299 | +€12,205 | +11.7% |
| Amounts payable | 17/49 | €212,339 | €267,471 | +€55,132 | +26.0% |
| Amounts payable after more than one year | 17 | €75,606 | €93,751 | +€18,145 | +24.0% |
| Financial debts | 170/4 | €75,606 | €93,751 | +€18,145 | +24.0% |
| Amounts payable within one year | 42/48 | €131,719 | €165,299 | +€33,580 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €51,216 | €36,344 | -€14,871 | -29.0% |
| Trade debts | 44 | €21,418 | €56,977 | +€35,559 | +166% |
| Suppliers | 440/4 | €21,418 | €56,977 | +€35,559 | +166% |
| Taxes, remuneration and social security | 45 | €4,820 | €3,409 | -€1,411 | -29.3% |
| Taxes | 450/3 | €2,646 | €1,221 | -€1,425 | -53.9% |
| Remuneration and social security | 454/9 | €2,175 | €2,189 | +€14 | +0.7% |
| Other amounts payable | 47/48 | €54,265 | €68,568 | +€14,303 | +26.4% |
| Accrued charges and deferred income | 492/3 | €5,013 | €8,421 | +€3,408 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,061 | €45,878 | -€22,184 | -32.6% |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Non-recurring operating charges | 66A | - | €1,651 | +€1,651 | |
| Gross operating margin | 9900 | €112,490 | €73,114 | -€39,376 | -35.0% |
| Operating profit (loss) | 9901 | €43,982 | €25,136 | -€18,846 | -42.8% |
| Financial charges | 65/66B | €8,022 | €7,515 | -€507 | -6.3% |
| Recurring financial charges | 65 | €8,022 | €7,515 | -€507 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €35,960 | €17,620 | -€18,339 | -51.0% |
| Income taxes | 67/77 | €9,500 | €5,415 | -€4,086 | -43.0% |
| Profit (loss) for the period | 9904 | €26,459 | €12,205 | -€14,254 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,459 | €12,205 | -€14,254 | -53.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.