Geo-Support: 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-Support
Largest movements
- Tangible fixed assets -€29,305
down €29,305 (-13.3%), from €220,036 to €190,731
- Receivables within one year -€13,323
down €13,323 (-19.5%), from €68,177 to €54,854
of which Trade receivables: -€16,001
- Cash -€3,385
down €3,385 (-66.5%), from €5,093 to €1,707
mainly Debts after one year (-€27,355) and Net result for the year (-€11,278)
- Debts after one year -€27,355
down €27,355 (-17.5%), from €156,646 to €129,290
- Reserves -€11,278
down €11,278 (-15.3%), from €73,613 to €62,335
- Accrued charges and deferred income -€5,558
no longer reported in 2025 (was €5,558)
- Gross operating margin -€18,383
down €18,383 (-39.2%), from €46,943 to €28,560
- Depreciation +€12,526
up €12,526 (+66.8%), from €18,765 to €31,290
- Taxes -€4,779
down €4,779 (-93.2%), from €5,128 to €348
- Financial charges +€2,494
up €2,494 (+76.4%), from €3,265 to €5,759
- Staff costs +€1,407
new in 2025: €1,407
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 | €293,716 | €247,799 | -€45,916 | -15.6% |
| Fixed assets | 21/28 | €220,446 | €191,238 | -€29,208 | -13.2% |
| Tangible fixed assets | 22/27 | €220,036 | €190,731 | -€29,305 | -13.3% |
| Land and buildings | 22 | €118,934 | €110,239 | -€8,695 | -7.3% |
| Plant, machinery and equipment | 23 | €37,733 | €30,305 | -€7,428 | -19.7% |
| Furniture and vehicles | 24 | €63,368 | €50,186 | -€13,182 | -20.8% |
| Financial fixed assets | 28 | €410 | €507 | +€97 | +23.7% |
| Current assets | 29/58 | €73,270 | €56,562 | -€16,709 | -22.8% |
| Amounts receivable within one year | 40/41 | €68,177 | €54,854 | -€13,323 | -19.5% |
| Trade receivables | 40 | €65,766 | €49,765 | -€16,001 | -24.3% |
| Other amounts receivable | 41 | €2,412 | €5,089 | +€2,678 | +111% |
| Cash at bank and in hand | 54/58 | €5,093 | €1,707 | -€3,385 | -66.5% |
| Total equity and liabilities | 10/49 | €293,716 | €247,799 | -€45,916 | -15.6% |
| Equity | 10/15 | €80,122 | €68,844 | -€11,278 | -14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,613 | €62,335 | -€11,278 | -15.3% |
| Distributable reserves | 133 | €73,613 | €62,335 | -€11,278 | -15.3% |
| Profit (loss) carried forward | 14 | €309 | €309 | = | 0.0% |
| Amounts payable | 17/49 | €213,594 | €178,955 | -€34,639 | -16.2% |
| Amounts payable after more than one year | 17 | €156,646 | €129,290 | -€27,355 | -17.5% |
| Financial debts | 170/4 | €156,646 | €129,290 | -€27,355 | -17.5% |
| Amounts payable within one year | 42/48 | €51,390 | €49,665 | -€1,725 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €27,630 | €27,728 | +€98 | +0.4% |
| Financial debts | 43 | €272 | - | -€272 | |
| Credit institutions | 430/8 | €272 | - | -€272 | |
| Trade debts | 44 | €0 | €750 | +€750 | |
| Suppliers | 440/4 | €0 | €750 | +€750 | |
| Taxes, remuneration and social security | 45 | €11,132 | €9,107 | -€2,025 | -18.2% |
| Taxes | 450/3 | €5,346 | €6,123 | +€777 | +14.5% |
| Remuneration and social security | 454/9 | €5,786 | €2,984 | -€2,802 | -48.4% |
| Other amounts payable | 47/48 | €12,356 | €12,081 | -€275 | -2.2% |
| Accrued charges and deferred income | 492/3 | €5,558 | - | -€5,558 | |
| Remuneration, social security and pensions | 62 | - | €1,407 | +€1,407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,765 | €31,290 | +€12,526 | +66.8% |
| Other operating charges | 640/8 | €2,498 | €1,252 | -€1,246 | -49.9% |
| Gross operating margin | 9900 | €46,943 | €28,560 | -€18,383 | -39.2% |
| Operating profit (loss) | 9901 | €25,680 | -€5,390 | -€31,070 | |
| Financial income | 75/76B | €133 | €220 | +€87 | +65.7% |
| Recurring financial income | 75 | €133 | €220 | +€87 | +65.7% |
| Financial charges | 65/66B | €3,265 | €5,759 | +€2,494 | +76.4% |
| Recurring financial charges | 65 | €3,265 | €5,759 | +€2,494 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €22,548 | -€10,929 | -€33,477 | |
| Income taxes | 67/77 | €5,128 | €348 | -€4,779 | -93.2% |
| Profit (loss) for the period | 9904 | €17,420 | -€11,278 | -€28,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,420 | -€11,278 | -€28,698 |
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 15 October 2026 via checked.be.