GEOBA: 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.
GEOBA
Largest movements
- Tangible fixed assets +€266,812
up €266,812 (+34.0%), from €784,797 to €1.1m
of which Land and buildings: +€277,342
- Deferred charges and accrued income -€57,874
down €57,874 (-92.9%), from €62,277 to €4,403
- Cash -€45,616
down €45,616 (-90.0%), from €50,666 to €5,050
mainly Investment in fixed assets (net) (-€337,604) and Tax, wage and social debts (-€15,191)
- Receivables within one year -€16,425
down €16,425 (-8.3%), from €197,548 to €181,123
of which Other amounts receivable: -€36,461
- Reserves +€84,112
up €84,112 (+28.6%), from €293,736 to €377,848
- Debts after one year +€49,577
up €49,577 (+7.2%), from €693,065 to €742,642
- Other debts +€20,479
up €20,479 (+52.6%), from €38,907 to €59,386
- Tax, wage and social debts -€15,191
down €15,191 (-52.6%), from €28,905 to €13,714
of which Taxes: -€15,191
- Gross operating margin +€48,635
up €48,635 (+28.1%), from €173,070 to €221,705
- Depreciation +€23,604
up €23,604 (+50.0%), from €47,238 to €70,842
- Financial charges +€12,767
up €12,767 (+98.7%), from €12,936 to €25,703
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 | €1,120,501 | €1,267,348 | +€146,847 | +13.1% |
| Fixed assets | 21/28 | €810,010 | €1,076,772 | +€266,762 | +32.9% |
| Intangible fixed assets | 21 | €213 | €163 | -€51 | -23.7% |
| Tangible fixed assets | 22/27 | €784,797 | €1,051,609 | +€266,812 | +34.0% |
| Land and buildings | 22 | €709,404 | €986,746 | +€277,342 | +39.1% |
| Plant, machinery and equipment | 23 | €574 | €206 | -€369 | -64.2% |
| Furniture and vehicles | 24 | €74,819 | €64,658 | -€10,161 | -13.6% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €310,491 | €190,576 | -€119,915 | -38.6% |
| Amounts receivable within one year | 40/41 | €197,548 | €181,123 | -€16,425 | -8.3% |
| Trade receivables | 40 | €156,568 | €176,604 | +€20,036 | +12.8% |
| Other amounts receivable | 41 | €40,980 | €4,519 | -€36,461 | -89.0% |
| Cash at bank and in hand | 54/58 | €50,666 | €5,050 | -€45,616 | -90.0% |
| Deferred charges and accrued income | 490/1 | €62,277 | €4,403 | -€57,874 | -92.9% |
| Total equity and liabilities | 10/49 | €1,120,501 | €1,267,348 | +€146,847 | +13.1% |
| Equity | 10/15 | €306,136 | €390,248 | +€84,112 | +27.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,736 | €377,848 | +€84,112 | +28.6% |
| Distributable reserves | 133 | €293,736 | €377,848 | +€84,112 | +28.6% |
| Amounts payable | 17/49 | €814,365 | €877,100 | +€62,735 | +7.7% |
| Amounts payable after more than one year | 17 | €693,065 | €742,642 | +€49,577 | +7.2% |
| Financial debts | 170/4 | €693,065 | €742,642 | +€49,577 | +7.2% |
| Amounts payable within one year | 42/48 | €120,377 | €134,458 | +€14,081 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €46,092 | €47,693 | +€1,601 | +3.5% |
| Trade debts | 44 | €6,473 | €13,665 | +€7,192 | +111% |
| Suppliers | 440/4 | €6,473 | €13,665 | +€7,192 | +111% |
| Taxes, remuneration and social security | 45 | €28,905 | €13,714 | -€15,191 | -52.6% |
| Taxes | 450/3 | €27,405 | €12,214 | -€15,191 | -55.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €38,907 | €59,386 | +€20,479 | +52.6% |
| Accrued charges and deferred income | 492/3 | €923 | - | -€923 | |
| Remuneration, social security and pensions | 62 | - | €205 | +€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,238 | €70,842 | +€23,604 | +50.0% |
| Other operating charges | 640/8 | €3,844 | €5,223 | +€1,379 | +35.9% |
| Gross operating margin | 9900 | €173,070 | €221,705 | +€48,635 | +28.1% |
| Operating profit (loss) | 9901 | €121,988 | €145,435 | +€23,447 | +19.2% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €12,936 | €25,703 | +€12,767 | +98.7% |
| Recurring financial charges | 65 | €12,936 | €25,703 | +€12,767 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | €109,052 | €119,741 | +€10,689 | +9.8% |
| Income taxes | 67/77 | €34,877 | €35,630 | +€753 | +2.2% |
| Profit (loss) for the period | 9904 | €74,175 | €84,112 | +€9,937 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,175 | €84,112 | +€9,937 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.