GEOBE: 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.
GEOBE
Largest movements
- Current investments -€125,000
down €125,000 (-38.5%), from €325,000 to €200,000
- Tangible fixed assets -€46,696
down €46,696 (-7.4%), from €635,086 to €588,391
of which Land and buildings: -€43,683
- Receivables within one year -€18,232
down €18,232 (-73.0%), from €24,962 to €6,730
of which Other amounts receivable: -€10,847
- Tax, wage and social debts -€68,674
down €68,674 (-58.5%), from €117,434 to €48,760
- Other debts -€65,476
down €65,476 (-43.1%), from €151,867 to €86,392
- Profit (loss) carried forward -€34,932
down €34,932 (-67.6%), from €51,691 to €16,759
- Trade debts -€15,853
down €15,853 (-71.6%), from €22,150 to €6,298
- Gross operating margin -€835,241
down €835,241 (-89.9%), from €929,128 to €93,886
- Taxes -€205,706
down €205,706 (-97.4%), from €211,223 to €5,517
- Other operating charges -€36,393
down €36,393 (-83.3%), from €43,664 to €7,272
- Financial charges +€17,256
up €17,256 (+54.4%), from €31,744 to €48,999
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 | €990,639 | €803,643 | -€186,996 | -18.9% |
| Fixed assets | 21/28 | €636,053 | €589,892 | -€46,161 | -7.3% |
| Intangible fixed assets | 21 | €967 | €1,501 | +€534 | +55.3% |
| Tangible fixed assets | 22/27 | €635,086 | €588,391 | -€46,696 | -7.4% |
| Land and buildings | 22 | €522,353 | €478,669 | -€43,683 | -8.4% |
| Plant, machinery and equipment | 23 | €94,201 | €92,154 | -€2,046 | -2.2% |
| Furniture and vehicles | 24 | €18,533 | €17,567 | -€966 | -5.2% |
| Current assets | 29/58 | €354,586 | €213,751 | -€140,835 | -39.7% |
| Amounts receivable within one year | 40/41 | €24,962 | €6,730 | -€18,232 | -73.0% |
| Trade receivables | 40 | €13,758 | €6,373 | -€7,385 | -53.7% |
| Other amounts receivable | 41 | €11,203 | €356 | -€10,847 | -96.8% |
| Current investments | 50/53 | €325,000 | €200,000 | -€125,000 | -38.5% |
| Cash at bank and in hand | 54/58 | €700 | €2,227 | +€1,527 | +218.0% |
| Deferred charges and accrued income | 490/1 | €3,924 | €4,794 | +€870 | +22.2% |
| Total equity and liabilities | 10/49 | €990,639 | €803,643 | -€186,996 | -18.9% |
| Equity | 10/15 | €695,897 | €660,965 | -€34,932 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €625,606 | €625,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €623,747 | €623,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,691 | €16,759 | -€34,932 | -67.6% |
| Amounts payable | 17/49 | €294,743 | €142,678 | -€152,065 | -51.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €294,743 | €141,449 | -€153,294 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €3,289 | €0 | -€3,289 | -100.0% |
| Financial debts | 43 | €3 | €0 | -€3 | -100.0% |
| Credit institutions | 430/8 | €3 | €0 | -€3 | -100.0% |
| Trade debts | 44 | €22,150 | €6,298 | -€15,853 | -71.6% |
| Suppliers | 440/4 | €22,150 | €6,298 | -€15,853 | -71.6% |
| Taxes, remuneration and social security | 45 | €117,434 | €48,760 | -€68,674 | -58.5% |
| Taxes | 450/3 | €117,434 | €48,760 | -€68,674 | -58.5% |
| Other amounts payable | 47/48 | €151,867 | €86,392 | -€65,476 | -43.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,229 | +€1,229 | |
| Non-recurring operating income | 76A | €317 | €10,141 | +€9,825 | +3100.5% |
| Remuneration, social security and pensions | 62 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,357 | €72,399 | -€3,958 | -5.2% |
| Other operating charges | 640/8 | €43,664 | €7,272 | -€36,393 | -83.3% |
| Non-recurring operating charges | 66A | €53,257 | €0 | -€53,257 | -100.0% |
| Gross operating margin | 9900 | €929,128 | €93,886 | -€835,241 | -89.9% |
| Operating profit (loss) | 9901 | €755,849 | €14,210 | -€741,639 | -98.1% |
| Financial income | 75/76B | €3,494 | €5,375 | +€1,881 | +53.8% |
| Recurring financial income | 75 | €3,494 | €5,375 | +€1,881 | +53.8% |
| Financial charges | 65/66B | €31,744 | €48,999 | +€17,256 | +54.4% |
| Recurring financial charges | 65 | €31,744 | €48,999 | +€17,256 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €727,599 | -€29,414 | -€757,013 | |
| Income taxes | 67/77 | €211,223 | €5,517 | -€205,706 | -97.4% |
| Profit (loss) for the period | 9904 | €516,376 | -€34,932 | -€551,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €516,376 | -€34,932 | -€551,307 |
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 2 October 2026 via checked.be.