GEO3C: 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.
GEO3C
Largest movements
- Cash +€10,578
up €10,578 (+1043.2%), from €1,014 to €11,592
mainly Net result for the year (+€23,868) and Depreciation (+€6,535)
- Tangible fixed assets -€3,029
down €3,029 (-3.3%), from €92,555 to €89,526
of which Land and buildings: -€3,509
- Reserves +€23,868
up €23,868 (+1283.2%), from €1,860 to €25,728
- Current portion of long-term debt -€11,051
down €11,051 (-97.3%), from €11,353 to €302
- Trade debts -€7,617
down €7,617 (-64.5%), from €11,804 to €4,187
- Tax, wage and social debts +€2,878
up €2,878 (+83.4%), from €3,450 to €6,328
of which Taxes: +€2,478
- Depreciation -€18,924
down €18,924 (-74.3%), from €25,459 to €6,535
- Taxes +€2,947
up €2,947 (+65.3%), from €4,510 to €7,457
- Gross operating margin +€2,657
up €2,657 (+6.8%), from €39,188 to €41,845
- Financial charges -€634
down €634 (-44.2%), from €1,434 to €800
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 | €103,442 | €111,519 | +€8,077 | +7.8% |
| Fixed assets | 21/28 | €92,630 | €89,601 | -€3,029 | -3.3% |
| Tangible fixed assets | 22/27 | €92,555 | €89,526 | -€3,029 | -3.3% |
| Land and buildings | 22 | €85,860 | €82,351 | -€3,509 | -4.1% |
| Plant, machinery and equipment | 23 | €6,414 | €7,175 | +€761 | +11.9% |
| Furniture and vehicles | 24 | €281 | - | -€281 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €10,812 | €21,918 | +€11,106 | +102.7% |
| Stocks and contracts in progress | 3 | €2,218 | €1,593 | -€625 | -28.2% |
| Stocks | 30/36 | €2,218 | €1,593 | -€625 | -28.2% |
| Amounts receivable within one year | 40/41 | €1,061 | €1,941 | +€880 | +82.9% |
| Other amounts receivable | 41 | €1,061 | €1,941 | +€880 | +82.9% |
| Cash at bank and in hand | 54/58 | €1,014 | €11,592 | +€10,578 | +1043.2% |
| Deferred charges and accrued income | 490/1 | €6,519 | €6,792 | +€273 | +4.2% |
| Total equity and liabilities | 10/49 | €103,442 | €111,519 | +€8,077 | +7.8% |
| Equity | 10/15 | €74,546 | €98,414 | +€23,868 | +32.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €25,728 | +€23,868 | +1283.2% |
| Distributable reserves | 133 | €1,860 | €25,728 | +€23,868 | +1283.2% |
| Profit (loss) carried forward | 14 | €57,686 | €57,686 | = | 0.0% |
| Amounts payable | 17/49 | €28,896 | €13,105 | -€15,791 | -54.6% |
| Amounts payable after more than one year | 17 | €1,050 | €1,050 | = | 0.0% |
| Other amounts payable | 178/9 | €1,050 | €1,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,296 | €11,505 | -€15,791 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €11,353 | €302 | -€11,051 | -97.3% |
| Trade debts | 44 | €11,804 | €4,187 | -€7,617 | -64.5% |
| Suppliers | 440/4 | €11,804 | €4,187 | -€7,617 | -64.5% |
| Taxes, remuneration and social security | 45 | €3,450 | €6,328 | +€2,878 | +83.4% |
| Taxes | 450/3 | - | €2,478 | +€2,478 | |
| Remuneration and social security | 454/9 | €3,450 | €3,850 | +€400 | +11.6% |
| Other amounts payable | 47/48 | €689 | €688 | -€1 | -0.1% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,459 | €6,535 | -€18,924 | -74.3% |
| Other operating charges | 640/8 | €2,885 | €3,185 | +€300 | +10.4% |
| Gross operating margin | 9900 | €39,188 | €41,845 | +€2,657 | +6.8% |
| Operating profit (loss) | 9901 | €10,844 | €32,125 | +€21,281 | +196.2% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €1,434 | €800 | -€634 | -44.2% |
| Recurring financial charges | 65 | €1,434 | €800 | -€634 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €9,481 | €31,325 | +€21,844 | +230.4% |
| Income taxes | 67/77 | €4,510 | €7,457 | +€2,947 | +65.3% |
| Profit (loss) for the period | 9904 | €4,971 | €23,868 | +€18,897 | +380.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,971 | €23,868 | +€18,897 | +380.1% |
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 6 October 2026 via checked.be.