GEO PROTECT: 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 PROTECT
Largest movements
- Receivables within one year +€5,045
up €5,045 (+61.1%), from €8,263 to €13,308
of which Trade receivables: +€5,808
- Tangible fixed assets -€4,977
down €4,977 (-78.5%), from €6,341 to €1,364
of which Leasing and similar rights: -€4,485
- Cash -€1,554
down €1,554 (-94.1%), from €1,652 to €98
mainly Net result for the year (-€6,683) and Receivables within one year (-€5,045)
- Deferred charges and accrued income -€418
down €418 (-94.4%), from €443 to €25
- Profit (loss) carried forward -€6,683
down €6,683 (-32.0%), from -€20,904 to -€27,587
- Other debts +€5,548
up €5,548 (+93.9%), from €5,906 to €11,454
- Debts after one year -€3,729
no longer reported in 2025 (was €3,729)
- Short-term financial debts +€2,158
new in 2025: €2,158
- Trade debts +€646
up €646 (+12.8%), from €5,053 to €5,699
- Gross operating margin -€5,639
down €5,639, from €5,613 to -€26
- Depreciation -€675
down €675 (-11.9%), from €5,652 to €4,977
- Other operating charges -€155
down €155 (-19.8%), from €783 to €628
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 | €16,699 | €14,795 | -€1,904 | -11.4% |
| Fixed assets | 21/28 | €6,341 | €1,364 | -€4,977 | -78.5% |
| Tangible fixed assets | 22/27 | €6,341 | €1,364 | -€4,977 | -78.5% |
| Furniture and vehicles | 24 | €624 | €132 | -€492 | -78.8% |
| Leasing and similar rights | 25 | €5,717 | €1,232 | -€4,485 | -78.5% |
| Current assets | 29/58 | €10,358 | €13,431 | +€3,073 | +29.7% |
| Amounts receivable within one year | 40/41 | €8,263 | €13,308 | +€5,045 | +61.1% |
| Trade receivables | 40 | €7,500 | €13,308 | +€5,808 | +77.4% |
| Other amounts receivable | 41 | €763 | - | -€763 | |
| Cash at bank and in hand | 54/58 | €1,652 | €98 | -€1,554 | -94.1% |
| Deferred charges and accrued income | 490/1 | €443 | €25 | -€418 | -94.4% |
| Total equity and liabilities | 10/49 | €16,699 | €14,795 | -€1,904 | -11.4% |
| Equity | 10/15 | -€2,116 | -€8,799 | -€6,683 | -316% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188 | €188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €188 | €188 | = | 0.0% |
| Reserves not available under the articles | 1311 | €188 | €188 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,904 | -€27,587 | -€6,683 | -32.0% |
| Amounts payable | 17/49 | €18,815 | €23,594 | +€4,779 | +25.4% |
| Amounts payable after more than one year | 17 | €3,729 | - | -€3,729 | |
| Financial debts | 170/4 | €3,729 | - | -€3,729 | |
| Amounts payable within one year | 42/48 | €14,945 | €23,153 | +€8,208 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €3,846 | €3,240 | -€606 | -15.8% |
| Financial debts | 43 | - | €2,158 | +€2,158 | |
| Credit institutions | 430/8 | - | €2,158 | +€2,158 | |
| Trade debts | 44 | €5,053 | €5,699 | +€646 | +12.8% |
| Suppliers | 440/4 | €5,053 | €5,699 | +€646 | +12.8% |
| Taxes, remuneration and social security | 45 | €140 | €602 | +€462 | +330% |
| Taxes | 450/3 | €140 | €602 | +€462 | +330% |
| Other amounts payable | 47/48 | €5,906 | €11,454 | +€5,548 | +93.9% |
| Accrued charges and deferred income | 492/3 | €141 | €441 | +€300 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,652 | €4,977 | -€675 | -11.9% |
| Other operating charges | 640/8 | €783 | €628 | -€155 | -19.8% |
| Gross operating margin | 9900 | €5,613 | -€26 | -€5,639 | |
| Operating profit (loss) | 9901 | -€822 | -€5,631 | -€4,809 | -585% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €948 | €911 | -€37 | -3.9% |
| Recurring financial charges | 65 | €948 | €911 | -€37 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,768 | -€6,542 | -€4,774 | -270% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | -€1,908 | -€6,683 | -€4,775 | -250% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,908 | -€6,683 | -€4,775 | -250% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.