GEO-MX: what changed
GEO-MX
Largest movements
- Receivables within one year +€22,853
up €22,853 (+48.9%), from €46,739 to €69,593
of which Trade receivables: +€22,833
- Cash +€18,473
up €18,473 (+4.1%), from €445,667 to €464,139
mainly Net result for the year (+€144,339) and Other debts (+€103,687)
- Tangible fixed assets -€15,665
down €15,665 (-3.8%), from €414,543 to €398,878
of which Furniture and vehicles: -€19,056
- Other debts +€103,687
up €103,687 (+22,148%), from €468 to €104,156
- Debts after one year -€32,656
down €32,656 (-15.0%), from €217,338 to €184,682
- Reserves -€30,724
down €30,724 (-5.9%), from €517,768 to €487,044
of which Distributable reserves: -€30,724
- Current portion of long-term debt -€11,120
down €11,120 (-28.8%), from €38,616 to €27,496
- Gross operating margin +€63,305
up €63,305 (+10.2%), from €623,455 to €686,759
- Staff costs +€18,145
up €18,145 (+4.5%), from €400,092 to €418,237
- Taxes +€14,945
up €14,945 (+29.3%), from €50,996 to €65,941
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €923,330 | €953,790 | +€30,460 | +3.3% |
| Fixed assets | 21/28 | €417,903 | €402,238 | -€15,665 | -3.7% |
| Tangible fixed assets | 22/27 | €414,543 | €398,878 | -€15,665 | -3.8% |
| Land and buildings | 22 | €372,729 | €376,120 | +€3,391 | +0.9% |
| Furniture and vehicles | 24 | €41,814 | €22,758 | -€19,056 | -45.6% |
| Financial fixed assets | 28 | €3,360 | €3,360 | = | 0.0% |
| Current assets | 29/58 | €505,427 | €551,552 | +€46,125 | +9.1% |
| Amounts receivable within one year | 40/41 | €46,739 | €69,593 | +€22,853 | +48.9% |
| Trade receivables | 40 | €46,739 | €69,572 | +€22,833 | +48.9% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €445,667 | €464,139 | +€18,473 | +4.1% |
| Deferred charges and accrued income | 490/1 | €13,021 | €17,820 | +€4,799 | +36.9% |
| Total equity and liabilities | 10/49 | €923,330 | €953,790 | +€30,460 | +3.3% |
| Equity | 10/15 | €530,168 | €499,444 | -€30,724 | -5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €517,768 | €487,044 | -€30,724 | -5.9% |
| Tax-exempt reserves | 132 | €217 | €217 | = | 0.0% |
| Distributable reserves | 133 | €517,551 | €486,827 | -€30,724 | -5.9% |
| Amounts payable | 17/49 | €393,161 | €454,346 | +€61,184 | +15.6% |
| Amounts payable after more than one year | 17 | €217,338 | €184,682 | -€32,656 | -15.0% |
| Financial debts | 170/4 | €217,338 | €184,682 | -€32,656 | -15.0% |
| Amounts payable within one year | 42/48 | €175,823 | €269,664 | +€93,841 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | €38,616 | €27,496 | -€11,120 | -28.8% |
| Financial debts | 43 | €9,521 | €13,470 | +€3,950 | +41.5% |
| Credit institutions | 430/8 | €9,521 | €13,470 | +€3,950 | +41.5% |
| Trade debts | 44 | €13,248 | €17,855 | +€4,607 | +34.8% |
| Suppliers | 440/4 | €13,248 | €17,855 | +€4,607 | +34.8% |
| Taxes, remuneration and social security | 45 | €113,970 | €106,687 | -€7,284 | -6.4% |
| Taxes | 450/3 | €63,756 | €46,315 | -€17,442 | -27.4% |
| Remuneration and social security | 454/9 | €50,214 | €60,372 | +€10,158 | +20.2% |
| Other amounts payable | 47/48 | €468 | €104,156 | +€103,687 | +22,148% |
| Remuneration, social security and pensions | 62 | €400,092 | €418,237 | +€18,145 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,409 | €49,080 | -€2,329 | -4.5% |
| Other operating charges | 640/8 | €1,594 | €3,990 | +€2,396 | +150% |
| Gross operating margin | 9900 | €623,455 | €686,759 | +€63,305 | +10.2% |
| Operating profit (loss) | 9901 | €170,359 | €215,452 | +€45,093 | +26.5% |
| Financial income | 75/76B | €438 | €1,189 | +€751 | +172% |
| Recurring financial income | 75 | €438 | €1,189 | +€751 | +172% |
| Financial charges | 65/66B | €7,942 | €6,361 | -€1,581 | -19.9% |
| Recurring financial charges | 65 | €7,942 | €6,361 | -€1,581 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €162,855 | €210,279 | +€47,425 | +29.1% |
| Income taxes | 67/77 | €50,996 | €65,941 | +€14,945 | +29.3% |
| Profit (loss) for the period | 9904 | €111,859 | €144,339 | +€32,480 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,859 | €144,339 | +€32,480 | +29.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.