GEO-XP: 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-XP
Largest movements
- Tangible fixed assets -€12,801
down €12,801 (-6.8%), from €187,772 to €174,971
of which Land and buildings: -€9,740
- Receivables within one year +€4,162
up €4,162 (+37.8%), from €11,019 to €15,181
of which Trade receivables: +€2,518
- Cash -€2,151
down €2,151 (-87.0%), from €2,473 to €323
mainly Debts after one year (-€44,828) and Current portion of long-term debt (-€17,968)
- Other debts +€57,179
up €57,179 (+15.5%), from €369,705 to €426,883
- Debts after one year -€44,828
no longer reported in 2025 (was €44,828)
- Current portion of long-term debt -€17,968
no longer reported in 2025 (was €17,968)
- Profit (loss) carried forward -€7,049
down €7,049 (-3.0%), from -€238,143 to -€245,192
- Trade debts +€2,140
new in 2025: €2,140
- Gross operating margin +€10,279
up €10,279 (+1672.3%), from €615 to €10,894
- Taxes -€584
down €584 (-84.7%), from €689 to €105
- Financial charges -€515
down €515 (-13.2%), from €3,907 to €3,392
- Other operating charges -€486
down €486 (-22.8%), from €2,130 to €1,644
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 | €202,744 | €192,039 | -€10,706 | -5.3% |
| Fixed assets | 21/28 | €187,792 | €174,991 | -€12,801 | -6.8% |
| Tangible fixed assets | 22/27 | €187,772 | €174,971 | -€12,801 | -6.8% |
| Land and buildings | 22 | €175,617 | €165,877 | -€9,740 | -5.5% |
| Other tangible fixed assets | 26 | €12,155 | €9,094 | -€3,061 | -25.2% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €14,952 | €17,048 | +€2,096 | +14.0% |
| Amounts receivable within one year | 40/41 | €11,019 | €15,181 | +€4,162 | +37.8% |
| Trade receivables | 40 | - | €2,518 | +€2,518 | |
| Other amounts receivable | 41 | €11,019 | €12,662 | +€1,643 | +14.9% |
| Cash at bank and in hand | 54/58 | €2,473 | €323 | -€2,151 | -87.0% |
| Deferred charges and accrued income | 490/1 | €1,460 | €1,545 | +€85 | +5.8% |
| Total equity and liabilities | 10/49 | €202,744 | €192,039 | -€10,706 | -5.3% |
| Equity | 10/15 | -€230,083 | -€237,132 | -€7,049 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,143 | -€245,192 | -€7,049 | -3.0% |
| Amounts payable | 17/49 | €432,828 | €429,170 | -€3,657 | -0.8% |
| Amounts payable after more than one year | 17 | €44,828 | - | -€44,828 | |
| Financial debts | 170/4 | €44,828 | - | -€44,828 | |
| Amounts payable within one year | 42/48 | €387,999 | €429,170 | +€41,171 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €17,968 | - | -€17,968 | |
| Trade debts | 44 | - | €2,140 | +€2,140 | |
| Suppliers | 440/4 | - | €2,140 | +€2,140 | |
| Taxes, remuneration and social security | 45 | €327 | €147 | -€179 | -55.0% |
| Taxes | 450/3 | €327 | €147 | -€179 | -55.0% |
| Other amounts payable | 47/48 | €369,705 | €426,883 | +€57,179 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,869 | €12,801 | -€68 | -0.5% |
| Other operating charges | 640/8 | €2,130 | €1,644 | -€486 | -22.8% |
| Gross operating margin | 9900 | €615 | €10,894 | +€10,279 | +1672.3% |
| Operating profit (loss) | 9901 | -€14,384 | -€3,551 | +€10,833 | +75.3% |
| Financial charges | 65/66B | €3,907 | €3,392 | -€515 | -13.2% |
| Recurring financial charges | 65 | €3,907 | €3,392 | -€515 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,291 | -€6,943 | +€11,348 | +62.0% |
| Income taxes | 67/77 | €689 | €105 | -€584 | -84.7% |
| Profit (loss) for the period | 9904 | -€18,980 | -€7,049 | +€11,931 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,980 | -€7,049 | +€11,931 | +62.9% |
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 5 October 2026 via checked.be.