GEO OST IMMO: what changed
GEO OST IMMO
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+20.3%), from €8.9m to €10.7m
of which Assets under construction and advance payments: +€938,077
- Receivables within one year -€113,505
down €113,505 (-35.3%), from €321,597 to €208,092
of which Trade receivables: -€82,333
- Debts after one year +€2.7m
up €2.7m (+45.3%), from €6.1m to €8.8m
- Other debts -€485,075
down €485,075 (-22.1%), from €2.2m to €1.7m
- Trade debts -€284,678
down €284,678 (-61.8%), from €460,537 to €175,859
- Profit (loss) carried forward -€284,656
down €284,656 (-79.5%), from -€357,940 to -€642,596
- Current portion of long-term debt -€197,517
down €197,517 (-25.3%), from €779,953 to €582,436
- Gross operating margin +€307,191
up €307,191 (+110%), from €278,118 to €585,309
- Financial charges +€156,601
up €156,601 (+60.0%), from €260,880 to €417,481
- Depreciation +€132,472
up €132,472 (+48.1%), from €275,457 to €407,929
- Other operating charges +€19,704
up €19,704 (+58.2%), from €33,851 to €53,555
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 | €9,243,138 | €10,872,452 | +€1.6m | +17.6% |
| Formation expenses | 20 | €316 | €80 | -€236 | -74.7% |
| Fixed assets | 21/28 | €8,851,883 | €10,650,105 | +€1.8m | +20.3% |
| Tangible fixed assets | 22/27 | €8,851,883 | €10,650,105 | +€1.8m | +20.3% |
| Land and buildings | 22 | €7,709,751 | €8,569,896 | +€860,145 | +11.2% |
| Assets under construction and advance payments | 27 | €1,142,132 | €2,080,209 | +€938,077 | +82.1% |
| Current assets | 29/58 | €390,939 | €222,267 | -€168,672 | -43.1% |
| Amounts receivable within one year | 40/41 | €321,597 | €208,092 | -€113,505 | -35.3% |
| Trade receivables | 40 | €290,425 | €208,092 | -€82,333 | -28.3% |
| Other amounts receivable | 41 | €31,172 | - | -€31,172 | |
| Cash at bank and in hand | 54/58 | €60,359 | €11,692 | -€48,667 | -80.6% |
| Deferred charges and accrued income | 490/1 | €8,983 | €2,483 | -€6,500 | -72.4% |
| Total equity and liabilities | 10/49 | €9,243,138 | €10,872,452 | +€1.6m | +17.6% |
| Equity | 10/15 | -€257,940 | -€542,596 | -€284,656 | -110% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,940 | -€642,596 | -€284,656 | -79.5% |
| Amounts payable | 17/49 | €9,501,078 | €11,415,048 | +€1.9m | +20.1% |
| Amounts payable after more than one year | 17 | €6,061,974 | €8,808,361 | +€2.7m | +45.3% |
| Financial debts | 170/4 | €6,061,974 | €8,808,361 | +€2.7m | +45.3% |
| Amounts payable within one year | 42/48 | €3,439,104 | €2,606,687 | -€832,417 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €779,953 | €582,436 | -€197,517 | -25.3% |
| Financial debts | 43 | - | €27,218 | +€27,218 | |
| Credit institutions | 430/8 | - | €27,218 | +€27,218 | |
| Trade debts | 44 | €460,537 | €175,859 | -€284,678 | -61.8% |
| Suppliers | 440/4 | €460,537 | €175,859 | -€284,678 | -61.8% |
| Taxes, remuneration and social security | 45 | - | €107,635 | +€107,635 | |
| Taxes | 450/3 | - | €107,635 | +€107,635 | |
| Other amounts payable | 47/48 | €2,198,614 | €1,713,539 | -€485,075 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,457 | €407,929 | +€132,472 | +48.1% |
| Other operating charges | 640/8 | €33,851 | €53,555 | +€19,704 | +58.2% |
| Gross operating margin | 9900 | €278,118 | €585,309 | +€307,191 | +110% |
| Operating profit (loss) | 9901 | -€31,190 | €123,825 | +€155,015 | |
| Financial income | 75/76B | €3,399 | €9,000 | +€5,601 | +165% |
| Recurring financial income | 75 | €3,399 | €9,000 | +€5,601 | +165% |
| Financial charges | 65/66B | €260,880 | €417,481 | +€156,601 | +60.0% |
| Recurring financial charges | 65 | €260,880 | €417,481 | +€156,601 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | -€288,671 | -€284,656 | +€4,015 | +1.4% |
| Profit (loss) for the period | 9904 | -€288,671 | -€284,656 | +€4,015 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€288,671 | -€284,656 | +€4,015 | +1.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.