GEO2CAD: 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.
GEO2CAD
Largest movements
- Cash -€45,867
down €45,867 (-47.8%), from €95,967 to €50,100
mainly Investment in fixed assets (net) (-€76,343) and Trade debts (-€15,624)
- Tangible fixed assets +€42,545
up €42,545 (+49.8%), from €85,469 to €128,014
of which Furniture and vehicles: +€54,047
- Receivables within one year -€4,619
down €4,619 (-24.0%), from €19,228 to €14,609
of which Trade receivables: -€4,075
- Deferred charges and accrued income +€4,306
up €4,306 (+899%), from €479 to €4,785
- Trade debts -€15,624
down €15,624 (-84.8%), from €18,431 to €2,807
- Debts after one year +€10,010
up €10,010 (+157%), from €6,363 to €16,373
- Reserves +€3,833
up €3,833 (+2.4%), from €156,576 to €160,409
of which Distributable reserves: +€3,833
- Gross operating margin -€12,722
down €12,722 (-23.9%), from €53,324 to €40,602
- Taxes -€4,516
down €4,516 (-69.5%), from €6,495 to €1,979
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 | €219,075 | €216,879 | -€2,196 | -1.0% |
| Fixed assets | 21/28 | €85,469 | €130,062 | +€44,593 | +52.2% |
| Intangible fixed assets | 21 | - | €2,048 | +€2,048 | |
| Tangible fixed assets | 22/27 | €85,469 | €128,014 | +€42,545 | +49.8% |
| Land and buildings | 22 | €4,662 | €3,983 | -€679 | -14.6% |
| Plant, machinery and equipment | 23 | €36,632 | €25,809 | -€10,823 | -29.5% |
| Furniture and vehicles | 24 | €44,175 | €98,222 | +€54,047 | +122% |
| Current assets | 29/58 | €133,606 | €86,817 | -€46,789 | -35.0% |
| Amounts receivable after more than one year | 29 | €13,926 | €14,823 | +€897 | +6.4% |
| Other amounts receivable | 291 | €13,926 | €14,823 | +€897 | +6.4% |
| Stocks and contracts in progress | 3 | €4,006 | €2,500 | -€1,506 | -37.6% |
| Contracts in progress | 37 | €4,006 | €2,500 | -€1,506 | -37.6% |
| Amounts receivable within one year | 40/41 | €19,228 | €14,609 | -€4,619 | -24.0% |
| Trade receivables | 40 | €7,978 | €3,903 | -€4,075 | -51.1% |
| Other amounts receivable | 41 | €11,250 | €10,706 | -€544 | -4.8% |
| Cash at bank and in hand | 54/58 | €95,967 | €50,100 | -€45,867 | -47.8% |
| Deferred charges and accrued income | 490/1 | €479 | €4,785 | +€4,306 | +899% |
| Total equity and liabilities | 10/49 | €219,075 | €216,879 | -€2,196 | -1.0% |
| Equity | 10/15 | €179,737 | €183,570 | +€3,833 | +2.1% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €156,576 | €160,409 | +€3,833 | +2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €154,716 | €158,549 | +€3,833 | +2.5% |
| Profit (loss) carried forward | 14 | €10,561 | €10,561 | = | 0.0% |
| Amounts payable | 17/49 | €39,338 | €33,309 | -€6,029 | -15.3% |
| Amounts payable after more than one year | 17 | €6,363 | €16,373 | +€10,010 | +157% |
| Financial debts | 170/4 | €6,363 | €16,373 | +€10,010 | +157% |
| Amounts payable within one year | 42/48 | €32,975 | €16,936 | -€16,039 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €8,834 | €9,500 | +€666 | +7.5% |
| Trade debts | 44 | €18,431 | €2,807 | -€15,624 | -84.8% |
| Suppliers | 440/4 | €18,431 | €2,807 | -€15,624 | -84.8% |
| Advances received on contracts in progress | 46 | €224 | €224 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,486 | €4,405 | -€1,081 | -19.7% |
| Taxes | 450/3 | €5,061 | €4,405 | -€656 | -13.0% |
| Remuneration and social security | 454/9 | €425 | - | -€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,575 | €31,750 | +€175 | +0.6% |
| Other operating charges | 640/8 | €1,859 | €2,337 | +€478 | +25.7% |
| Gross operating margin | 9900 | €53,324 | €40,602 | -€12,722 | -23.9% |
| Operating profit (loss) | 9901 | €19,890 | €6,515 | -€13,375 | -67.2% |
| Financial income | 75/76B | €206 | €219 | +€13 | +6.3% |
| Recurring financial income | 75 | €206 | €219 | +€13 | +6.3% |
| Financial charges | 65/66B | €1,011 | €922 | -€89 | -8.8% |
| Recurring financial charges | 65 | €1,011 | €922 | -€89 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €19,085 | €5,812 | -€13,273 | -69.5% |
| Income taxes | 67/77 | €6,495 | €1,979 | -€4,516 | -69.5% |
| Profit (loss) for the period | 9904 | €12,590 | €3,833 | -€8,757 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,590 | €3,833 | -€8,757 | -69.6% |
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.