Geo-SD: what changed
Two fiscal 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-SD
Largest movements
- Tangible fixed assets +€223,856
up €223,856 (+102.7%), from €218,041 to €441,897
of which Land and buildings: +€227,489
- Debts after one year +€194,427
up €194,427 (+222.2%), from €87,494 to €281,921
- Other debts +€47,987
up €47,987 (+149.1%), from €32,179 to €80,166
- Trade debts -€47,929
down €47,929 (-76.9%), from €62,336 to €14,406
- Current portion of long-term debt +€13,947
up €13,947 (+249.9%), from €5,580 to €19,527
- Depreciation +€11,441
up €11,441 (+106.8%), from €10,717 to €22,158
- Financial charges +€4,158
up €4,158 (+91.9%), from €4,526 to €8,684
- Other operating charges +€2,065
up €2,065 (+236.7%), from €872 to €2,938
- Gross operating margin +€1,244
up €1,244 (+3.0%), from €41,744 to €42,988
- Financial income +€559
up €559 (+27958.5%), from €2 to €561
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.
Cash bridge derived
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 | €273,420 | €489,363 | +€215,943 | +79.0% |
| Fixed assets | 21/28 | €218,041 | €441,897 | +€223,856 | +102.7% |
| Tangible fixed assets | 22/27 | €218,041 | €441,897 | +€223,856 | +102.7% |
| Land and buildings | 22 | €186,724 | €414,213 | +€227,489 | +121.8% |
| Plant, machinery and equipment | 23 | €3,634 | €2,617 | -€1,017 | -28.0% |
| Furniture and vehicles | 24 | €24,900 | €22,587 | -€2,313 | -9.3% |
| Other tangible fixed assets | 26 | €2,783 | €2,480 | -€303 | -10.9% |
| Current assets | 29/58 | €55,379 | €47,466 | -€7,913 | -14.3% |
| Amounts receivable within one year | 40/41 | €15,528 | €15,483 | -€45 | -0.3% |
| Trade receivables | 40 | €10,043 | €4,217 | -€5,826 | -58.0% |
| Other amounts receivable | 41 | €5,485 | €11,266 | +€5,782 | +105.4% |
| Cash at bank and in hand | 54/58 | €24,738 | €21,451 | -€3,287 | -13.3% |
| Deferred charges and accrued income | 490/1 | €15,113 | €10,532 | -€4,581 | -30.3% |
| Total equity and liabilities | 10/49 | €273,420 | €489,363 | +€215,943 | +79.0% |
| Equity | 10/15 | €81,348 | €84,946 | +€3,598 | +4.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,348 | €76,348 | = | 0.0% |
| Distributable reserves | 133 | €76,348 | €76,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,598 | +€3,598 | |
| Amounts payable | 17/49 | €192,072 | €404,417 | +€212,344 | +110.6% |
| Amounts payable after more than one year | 17 | €87,494 | €281,921 | +€194,427 | +222.2% |
| Financial debts | 170/4 | €87,494 | €281,921 | +€194,427 | +222.2% |
| Amounts payable within one year | 42/48 | €104,579 | €122,496 | +€17,917 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,580 | €19,527 | +€13,947 | +249.9% |
| Trade debts | 44 | €62,336 | €14,406 | -€47,929 | -76.9% |
| Suppliers | 440/4 | €62,336 | €14,406 | -€47,929 | -76.9% |
| Taxes, remuneration and social security | 45 | €4,484 | €8,397 | +€3,913 | +87.3% |
| Taxes | 450/3 | €4,484 | €8,397 | +€3,913 | +87.3% |
| Other amounts payable | 47/48 | €32,179 | €80,166 | +€47,987 | +149.1% |
| Remuneration, social security and pensions | 62 | €1,824 | €1,862 | +€38 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,717 | €22,158 | +€11,441 | +106.8% |
| Other operating charges | 640/8 | €872 | €2,938 | +€2,065 | +236.7% |
| Gross operating margin | 9900 | €41,744 | €42,988 | +€1,244 | +3.0% |
| Operating profit (loss) | 9901 | €28,331 | €16,031 | -€12,300 | -43.4% |
| Financial income | 75/76B | €2 | €561 | +€559 | +27958.5% |
| Recurring financial income | 75 | €2 | €561 | +€559 | +27958.5% |
| Financial charges | 65/66B | €4,526 | €8,684 | +€4,158 | +91.9% |
| Recurring financial charges | 65 | €4,526 | €8,684 | +€4,158 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €23,806 | €7,908 | -€15,899 | -66.8% |
| Income taxes | 67/77 | €4,515 | €4,309 | -€206 | -4.6% |
| Profit (loss) for the period | 9904 | €19,291 | €3,598 | -€15,693 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,291 | €3,598 | -€15,693 | -81.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.