GEODIM: 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.
GEODIM
Largest movements
- Cash -€39,024
down €39,024 (-49.6%), from €78,733 to €39,709
mainly Contributions, distributions and other (-€154,056) and Tax, wage and social debts (-€37,963)
- Tangible fixed assets -€22,735
down €22,735 (-6.6%), from €342,812 to €320,077
- Receivables within one year +€16,363
up €16,363 (+30.8%), from €53,128 to €69,491
of which Trade receivables: +€14,748
- Other debts +€103,977
up €103,977 (+131.1%), from €79,324 to €183,301
- Profit (loss) carried forward -€89,687
no longer reported in 2025 (was €89,687)
- Tax, wage and social debts -€37,963
down €37,963 (-68.3%), from €55,563 to €17,600
of which Taxes: -€37,963
- Debts after one year -€30,305
down €30,305 (-12.9%), from €234,564 to €204,258
- Gross operating margin -€74,458
down €74,458 (-36.2%), from €205,896 to €131,437
- Depreciation -€41,205
down €41,205 (-53.1%), from €77,662 to €36,457
- Taxes -€8,025
down €8,025 (-30.3%), from €26,486 to €18,461
- Financial charges +€3,228
up €3,228 (+53.7%), from €6,011 to €9,239
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 | €503,903 | €454,299 | -€49,604 | -9.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €365,457 | €339,598 | -€25,860 | -7.1% |
| Intangible fixed assets | 21 | €22,646 | €19,521 | -€3,125 | -13.8% |
| Tangible fixed assets | 22/27 | €342,812 | €320,077 | -€22,735 | -6.6% |
| Land and buildings | 22 | €263,216 | €261,935 | -€1,281 | -0.5% |
| Plant, machinery and equipment | 23 | €28,445 | €22,792 | -€5,653 | -19.9% |
| Furniture and vehicles | 24 | €16,589 | €8,912 | -€7,676 | -46.3% |
| Leasing and similar rights | 25 | €34,562 | €26,438 | -€8,124 | -23.5% |
| Current assets | 29/58 | €138,446 | €114,701 | -€23,744 | -17.2% |
| Amounts receivable within one year | 40/41 | €53,128 | €69,491 | +€16,363 | +30.8% |
| Trade receivables | 40 | €53,128 | €67,876 | +€14,748 | +27.8% |
| Other amounts receivable | 41 | - | €1,615 | +€1,615 | |
| Cash at bank and in hand | 54/58 | €78,733 | €39,709 | -€39,024 | -49.6% |
| Deferred charges and accrued income | 490/1 | €6,584 | €5,501 | -€1,084 | -16.5% |
| Total equity and liabilities | 10/49 | €503,903 | €454,299 | -€49,604 | -9.8% |
| Equity | 10/15 | €94,687 | €5,000 | -€89,687 | -94.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,687 | - | -€89,687 | |
| Amounts payable | 17/49 | €409,215 | €449,299 | +€40,083 | +9.8% |
| Amounts payable after more than one year | 17 | €234,564 | €204,258 | -€30,305 | -12.9% |
| Financial debts | 170/4 | €234,564 | €204,258 | -€30,305 | -12.9% |
| Amounts payable within one year | 42/48 | €174,652 | €244,481 | +€69,829 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €33,165 | €33,966 | +€801 | +2.4% |
| Trade debts | 44 | €6,600 | €9,614 | +€3,014 | +45.7% |
| Suppliers | 440/4 | €6,600 | €9,614 | +€3,014 | +45.7% |
| Taxes, remuneration and social security | 45 | €55,563 | €17,600 | -€37,963 | -68.3% |
| Taxes | 450/3 | €52,638 | €14,675 | -€37,963 | -72.1% |
| Remuneration and social security | 454/9 | €2,925 | €2,925 | = | 0.0% |
| Other amounts payable | 47/48 | €79,324 | €183,301 | +€103,977 | +131.1% |
| Accrued charges and deferred income | 492/3 | - | €560 | +€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,662 | €36,457 | -€41,205 | -53.1% |
| Other operating charges | 640/8 | €4,645 | €2,912 | -€1,733 | -37.3% |
| Non-recurring operating charges | 66A | €545 | - | -€545 | |
| Gross operating margin | 9900 | €205,896 | €131,437 | -€74,458 | -36.2% |
| Operating profit (loss) | 9901 | €123,043 | €92,068 | -€30,975 | -25.2% |
| Financial charges | 65/66B | €6,011 | €9,239 | +€3,228 | +53.7% |
| Recurring financial charges | 65 | €6,011 | €9,239 | +€3,228 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €117,032 | €82,830 | -€34,202 | -29.2% |
| Income taxes | 67/77 | €26,486 | €18,461 | -€8,025 | -30.3% |
| Profit (loss) for the period | 9904 | €90,546 | €64,369 | -€26,177 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,546 | €64,369 | -€26,177 | -28.9% |
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 9 October 2026 via checked.be.