GEO-XS: 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-XS
Largest movements
- Cash +€12,972
up €12,972 (+76.2%), from €17,018 to €29,990
mainly Net result for the year (+€20,449) and Depreciation (+€9,237)
- Receivables within one year +€8,777
up €8,777 (+35.3%), from €24,863 to €33,639
of which Trade receivables: +€11,106
- Tangible fixed assets -€3,615
down €3,615 (-13.6%), from €26,606 to €22,991
of which Plant, machinery and equipment: -€6,306
- Deferred charges and accrued income -€1,543
down €1,543 (-67.5%), from €2,285 to €742
- Profit (loss) carried forward +€19,590
up €19,590 (+61.4%), from €31,913 to €51,503
- Debts after one year -€7,843
down €7,843 (-92.1%), from €8,512 to €669
- Tax, wage and social debts +€7,135
up €7,135 (+96.2%), from €7,416 to €14,551
of which Taxes: +€9,298
- Other debts -€1,203
down €1,203 (-20.8%), from €5,786 to €4,583
- Gross operating margin +€18,669
up €18,669 (+102%), from €18,325 to €36,994
- Taxes +€4,170
up €4,170 (+236%), from €1,765 to €5,935
- Other operating charges -€2,711
down €2,711 (-82.2%), from €3,299 to €588
- Depreciation +€1,197
up €1,197 (+14.9%), from €8,040 to €9,237
- Financial charges -€783
down €783 (-50.0%), from €1,567 to €784
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 | €70,772 | €87,363 | +€16,591 | +23.4% |
| Fixed assets | 21/28 | €26,606 | €22,991 | -€3,615 | -13.6% |
| Tangible fixed assets | 22/27 | €26,606 | €22,991 | -€3,615 | -13.6% |
| Plant, machinery and equipment | 23 | €20,250 | €13,943 | -€6,306 | -31.1% |
| Furniture and vehicles | 24 | €223 | €4,481 | +€4,258 | +1,910% |
| Other tangible fixed assets | 26 | €6,134 | €4,567 | -€1,567 | -25.5% |
| Current assets | 29/58 | €44,165 | €64,372 | +€20,206 | +45.8% |
| Amounts receivable within one year | 40/41 | €24,863 | €33,639 | +€8,777 | +35.3% |
| Trade receivables | 40 | €22,128 | €33,234 | +€11,106 | +50.2% |
| Other amounts receivable | 41 | €2,735 | €405 | -€2,330 | -85.2% |
| Cash at bank and in hand | 54/58 | €17,018 | €29,990 | +€12,972 | +76.2% |
| Deferred charges and accrued income | 490/1 | €2,285 | €742 | -€1,543 | -67.5% |
| Total equity and liabilities | 10/49 | €70,772 | €87,363 | +€16,591 | +23.4% |
| Equity | 10/15 | €36,913 | €56,503 | +€19,590 | +53.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,913 | €51,503 | +€19,590 | +61.4% |
| Amounts payable | 17/49 | €33,859 | €30,860 | -€2,999 | -8.9% |
| Amounts payable after more than one year | 17 | €8,512 | €669 | -€7,843 | -92.1% |
| Financial debts | 170/4 | €8,512 | €669 | -€7,843 | -92.1% |
| Amounts payable within one year | 42/48 | €24,705 | €30,191 | +€5,486 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €7,509 | €7,843 | +€334 | +4.4% |
| Trade debts | 44 | €3,994 | €3,214 | -€781 | -19.5% |
| Suppliers | 440/4 | €3,404 | €3,214 | -€191 | -5.6% |
| Bills of exchange payable | 441 | €590 | - | -€590 | |
| Taxes, remuneration and social security | 45 | €7,416 | €14,551 | +€7,135 | +96.2% |
| Taxes | 450/3 | €5,254 | €14,551 | +€9,298 | +177% |
| Remuneration and social security | 454/9 | €2,162 | - | -€2,162 | |
| Other amounts payable | 47/48 | €5,786 | €4,583 | -€1,203 | -20.8% |
| Accrued charges and deferred income | 492/3 | €642 | - | -€642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,040 | €9,237 | +€1,197 | +14.9% |
| Other operating charges | 640/8 | €3,299 | €588 | -€2,711 | -82.2% |
| Gross operating margin | 9900 | €18,325 | €36,994 | +€18,669 | +102% |
| Operating profit (loss) | 9901 | €6,986 | €27,169 | +€20,183 | +289% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,567 | €784 | -€783 | -50.0% |
| Recurring financial charges | 65 | €1,567 | €784 | -€783 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €5,420 | €26,384 | +€20,964 | +387% |
| Income taxes | 67/77 | €1,765 | €5,935 | +€4,170 | +236% |
| Profit (loss) for the period | 9904 | €3,655 | €20,449 | +€16,794 | +460% |
| Profit (loss) for the period to be appropriated | 9905 | €3,655 | €20,449 | +€16,794 | +460% |
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.