GEOCO: 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.
GEOCO
Largest movements
- Cash +€36,708
up €36,708 (+9.1%), from €403,797 to €440,505
mainly Net result for the year (+€28,243) and Other debts (+€6,746)
- Reserves +€28,000
up €28,000 (+20.6%), from €136,097 to €164,097
of which Distributable reserves: +€28,000
- Other debts +€6,746
up €6,746 (+6.6%), from €102,920 to €109,665
- Financial charges -€810
down €810 (-10.3%), from €7,895 to €7,085
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 | €553,867 | €591,118 | +€37,251 | +6.7% |
| Fixed assets | 21/28 | €135,724 | €135,527 | -€197 | -0.1% |
| Tangible fixed assets | 22/27 | €135,724 | €135,527 | -€197 | -0.1% |
| Land and buildings | 22 | €135,724 | €135,527 | -€197 | -0.1% |
| Current assets | 29/58 | €418,143 | €455,591 | +€37,448 | +9.0% |
| Amounts receivable within one year | 40/41 | €11,302 | €11,223 | -€79 | -0.7% |
| Other amounts receivable | 41 | €11,302 | €11,223 | -€79 | -0.7% |
| Cash at bank and in hand | 54/58 | €403,797 | €440,505 | +€36,708 | +9.1% |
| Deferred charges and accrued income | 490/1 | €3,044 | €3,863 | +€819 | +26.9% |
| Total equity and liabilities | 10/49 | €553,867 | €591,118 | +€37,251 | +6.7% |
| Equity | 10/15 | €413,166 | €441,409 | +€28,243 | +6.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €136,097 | €164,097 | +€28,000 | +20.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €129,900 | €157,900 | +€28,000 | +21.6% |
| Profit (loss) carried forward | 14 | €215,096 | €215,339 | +€243 | +0.1% |
| Amounts payable | 17/49 | €140,701 | €149,708 | +€9,008 | +6.4% |
| Amounts payable after more than one year | 17 | €12,838 | €12,838 | = | 0.0% |
| Other amounts payable | 178/9 | €12,838 | €12,838 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,862 | €136,636 | +€8,774 | +6.9% |
| Trade debts | 44 | - | €375 | +€375 | |
| Suppliers | 440/4 | - | €375 | +€375 | |
| Taxes, remuneration and social security | 45 | €24,943 | €26,596 | +€1,653 | +6.6% |
| Taxes | 450/3 | €24,943 | €26,596 | +€1,653 | +6.6% |
| Other amounts payable | 47/48 | €102,920 | €109,665 | +€6,746 | +6.6% |
| Accrued charges and deferred income | 492/3 | - | €234 | +€234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197 | €197 | = | 0.0% |
| Other operating charges | 640/8 | €21,131 | €21,793 | +€663 | +3.1% |
| Gross operating margin | 9900 | €68,208 | €68,622 | +€414 | +0.6% |
| Operating profit (loss) | 9901 | €46,880 | €46,632 | -€248 | -0.5% |
| Financial income | 75/76B | €2,358 | €2,719 | +€362 | +15.3% |
| Recurring financial income | 75 | €2,358 | €2,719 | +€362 | +15.3% |
| Financial charges | 65/66B | €7,895 | €7,085 | -€810 | -10.3% |
| Recurring financial charges | 65 | €7,895 | €7,085 | -€810 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €41,342 | €42,266 | +€924 | +2.2% |
| Income taxes | 67/77 | €13,920 | €14,023 | +€103 | +0.7% |
| Profit (loss) for the period | 9904 | €27,422 | €28,243 | +€821 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,422 | €28,243 | +€821 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.