GEOBS: 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.
GEOBS
Largest movements
- Financial fixed assets -€28,710
down €28,710 (-16.4%), from €174,710 to €146,000
- Tangible fixed assets +€17,764
up €17,764 (+7.1%), from €249,183 to €266,947
of which Land and buildings: +€14,702
- Receivables within one year -€9,964
down €9,964 (-39.3%), from €25,358 to €15,394
of which Trade receivables: -€5,258
- Debts after one year -€26,494
down €26,494 (-11.1%), from €239,175 to €212,681
- Trade debts +€22,288
up €22,288 (+51235.8%), from €44 to €22,331
- Other debts -€7,870
down €7,870 (-26.2%), from €30,075 to €22,205
- Financial charges +€36,215
up €36,215 (+2296.2%), from €1,577 to €37,792
of which Non-recurring financial charges: +€25,486
- Depreciation -€34,975
down €34,975 (-79.6%), from €43,929 to €8,954
- Financial income -€29,961
down €29,961 (-99.9%), from €30,003 to €42
- Gross operating margin +€3,528
up €3,528 (+7.2%), from €49,273 to €52,801
- Other operating charges +€2,342
up €2,342 (+428.3%), from €547 to €2,888
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 | €451,119 | €433,915 | -€17,204 | -3.8% |
| Fixed assets | 21/28 | €423,893 | €412,947 | -€10,946 | -2.6% |
| Tangible fixed assets | 22/27 | €249,183 | €266,947 | +€17,764 | +7.1% |
| Land and buildings | 22 | €249,183 | €263,885 | +€14,702 | +5.9% |
| Plant, machinery and equipment | 23 | - | €3,062 | +€3,062 | |
| Financial fixed assets | 28 | €174,710 | €146,000 | -€28,710 | -16.4% |
| Current assets | 29/58 | €27,226 | €20,969 | -€6,258 | -23.0% |
| Amounts receivable within one year | 40/41 | €25,358 | €15,394 | -€9,964 | -39.3% |
| Trade receivables | 40 | €18,707 | €13,449 | -€5,258 | -28.1% |
| Other amounts receivable | 41 | €6,651 | €1,945 | -€4,706 | -70.8% |
| Cash at bank and in hand | 54/58 | €121 | €1,691 | +€1,570 | +1295.8% |
| Deferred charges and accrued income | 490/1 | €1,747 | €3,884 | +€2,137 | +122.4% |
| Total equity and liabilities | 10/49 | €451,119 | €433,915 | -€17,204 | -3.8% |
| Equity | 10/15 | €149,539 | €146,694 | -€2,846 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,489 | €55,489 | = | 0.0% |
| Distributable reserves | 133 | €55,489 | €55,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,450 | €72,605 | -€2,846 | -3.8% |
| Amounts payable | 17/49 | €301,580 | €287,222 | -€14,358 | -4.8% |
| Amounts payable after more than one year | 17 | €239,175 | €212,681 | -€26,494 | -11.1% |
| Financial debts | 170/4 | €239,175 | €212,681 | -€26,494 | -11.1% |
| Amounts payable within one year | 42/48 | €62,405 | €72,530 | +€10,125 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €26,629 | €26,494 | -€136 | -0.5% |
| Trade debts | 44 | €44 | €22,331 | +€22,288 | +51235.8% |
| Suppliers | 440/4 | €44 | €22,331 | +€22,288 | +51235.8% |
| Taxes, remuneration and social security | 45 | €5,657 | €1,500 | -€4,157 | -73.5% |
| Taxes | 450/3 | €5,657 | - | -€5,657 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €30,075 | €22,205 | -€7,870 | -26.2% |
| Accrued charges and deferred income | 492/3 | - | €2,010 | +€2,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,929 | €8,954 | -€34,975 | -79.6% |
| Other operating charges | 640/8 | €547 | €2,888 | +€2,342 | +428.3% |
| Gross operating margin | 9900 | €49,273 | €52,801 | +€3,528 | +7.2% |
| Operating profit (loss) | 9901 | €4,797 | €40,959 | +€36,162 | +753.9% |
| Financial income | 75/76B | €30,003 | €42 | -€29,961 | -99.9% |
| Recurring financial income | 75 | €30,003 | €42 | -€29,961 | -99.9% |
| Financial charges | 65/66B | €1,577 | €37,792 | +€36,215 | +2296.2% |
| Recurring financial charges | 65 | €1,577 | €12,306 | +€10,729 | +680.3% |
| Non-recurring financial charges | 66B | - | €25,486 | +€25,486 | |
| Profit (loss) for the period before taxes | 9903 | €33,223 | €3,209 | -€30,014 | -90.3% |
| Income taxes | 67/77 | €4,004 | €6,055 | +€2,050 | +51.2% |
| Profit (loss) for the period | 9904 | €29,219 | -€2,846 | -€32,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,219 | -€2,846 | -€32,064 |
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 28 September 2026 via checked.be.