GEOBUILD: 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.
GEOBUILD
Largest movements
- Stocks and contracts +€44,063
new in 2025: €44,063
- Cash -€13,332
down €13,332 (-47.8%), from €27,876 to €14,544
mainly Stocks and contracts (-€44,063) and Investment in fixed assets (net) (-€11,245)
- Deferred charges and accrued income +€7,235
new in 2025: €7,235
- Receivables within one year +€6,358
up €6,358 (+11.4%), from €56,009 to €62,367
of which Other amounts receivable: +€11,986
- Intangible fixed assets +€4,548
new in 2025: €4,548
- Reserves +€69,930
new in 2025: €69,930
- Profit (loss) carried forward -€38,029
no longer reported in 2025 (was €38,029)
- Trade debts +€11,209
up €11,209 (+50.4%), from €22,241 to €33,450
- Tax, wage and social debts +€10,030
up €10,030 (+66.3%), from €15,135 to €25,165
of which Taxes: +€11,274
- Debts after one year -€5,961
down €5,961 (-83.8%), from €7,114 to €1,153
- Gross operating margin -€16,227
down €16,227 (-15.7%), from €103,673 to €87,445
- Staff costs -€9,262
down €9,262 (-20.1%), from €46,167 to €36,905
- Taxes -€2,146
down €2,146 (-16.0%), from €13,452 to €11,306
- Depreciation +€2,032
up €2,032 (+152.0%), from €1,337 to €3,370
- Financial charges -€1,989
down €1,989 (-67.0%), from €2,968 to €980
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 | €97,821 | €150,020 | +€52,199 | +53.4% |
| Formation expenses | 20 | €528 | €399 | -€129 | -24.4% |
| Fixed assets | 21/28 | €13,407 | €21,412 | +€8,004 | +59.7% |
| Intangible fixed assets | 21 | - | €4,548 | +€4,548 | |
| Tangible fixed assets | 22/27 | €13,407 | €16,863 | +€3,456 | +25.8% |
| Plant, machinery and equipment | 23 | €13,407 | €11,832 | -€1,576 | -11.8% |
| Furniture and vehicles | 24 | - | €5,032 | +€5,032 | |
| Current assets | 29/58 | €83,886 | €128,209 | +€44,324 | +52.8% |
| Stocks and contracts in progress | 3 | - | €44,063 | +€44,063 | |
| Stocks | 30/36 | - | €44,063 | +€44,063 | |
| Amounts receivable within one year | 40/41 | €56,009 | €62,367 | +€6,358 | +11.4% |
| Trade receivables | 40 | €50,567 | €44,938 | -€5,628 | -11.1% |
| Other amounts receivable | 41 | €5,443 | €17,428 | +€11,986 | +220.2% |
| Cash at bank and in hand | 54/58 | €27,876 | €14,544 | -€13,332 | -47.8% |
| Deferred charges and accrued income | 490/1 | - | €7,235 | +€7,235 | |
| Total equity and liabilities | 10/49 | €97,821 | €150,020 | +€52,199 | +53.4% |
| Equity | 10/15 | €41,029 | €72,930 | +€31,901 | +77.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €69,930 | +€69,930 | |
| Distributable reserves | 133 | - | €69,930 | +€69,930 | |
| Profit (loss) carried forward | 14 | €38,029 | - | -€38,029 | |
| Amounts payable | 17/49 | €56,792 | €77,090 | +€20,298 | +35.7% |
| Amounts payable after more than one year | 17 | €7,114 | €1,153 | -€5,961 | -83.8% |
| Financial debts | 170/4 | €7,114 | €1,153 | -€5,961 | -83.8% |
| Amounts payable within one year | 42/48 | €49,678 | €75,937 | +€26,259 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €1,735 | €4,055 | +€2,320 | +133.8% |
| Trade debts | 44 | €22,241 | €33,450 | +€11,209 | +50.4% |
| Suppliers | 440/4 | €22,241 | €33,450 | +€11,209 | +50.4% |
| Advances received on contracts in progress | 46 | - | €373 | +€373 | |
| Taxes, remuneration and social security | 45 | €15,135 | €25,165 | +€10,030 | +66.3% |
| Taxes | 450/3 | €13,891 | €25,165 | +€11,274 | +81.2% |
| Remuneration and social security | 454/9 | €1,244 | - | -€1,244 | |
| Other amounts payable | 47/48 | €10,567 | €12,894 | +€2,327 | +22.0% |
| Non-recurring operating income | 76A | - | €26 | +€26 | |
| Remuneration, social security and pensions | 62 | €46,167 | €36,905 | -€9,262 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,337 | €3,370 | +€2,032 | +152.0% |
| Other operating charges | 640/8 | €2,012 | €3,556 | +€1,544 | +76.7% |
| Non-recurring operating charges | 66A | - | €246 | +€246 | |
| Gross operating margin | 9900 | €103,673 | €87,445 | -€16,227 | -15.7% |
| Operating profit (loss) | 9901 | €54,156 | €43,368 | -€10,788 | -19.9% |
| Financial income | 75/76B | €292 | €819 | +€526 | +180.2% |
| Recurring financial income | 75 | €292 | €819 | +€526 | +180.2% |
| Financial charges | 65/66B | €2,968 | €980 | -€1,989 | -67.0% |
| Recurring financial charges | 65 | €2,968 | €980 | -€1,989 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €51,480 | €43,207 | -€8,273 | -16.1% |
| Income taxes | 67/77 | €13,452 | €11,306 | -€2,146 | -16.0% |
| Profit (loss) for the period | 9904 | €38,029 | €31,901 | -€6,127 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,029 | €31,901 | -€6,127 | -16.1% |
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 1 October 2026 via checked.be.