GEOFAMENNE: 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.
GEOFAMENNE
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€79,839
up €79,839 (+107.1%), from €74,526 to €154,365
mainly Current investments (+€100,000) and Depreciation (+€35,908)
- Receivables within one year -€23,202
down €23,202 (-21.1%), from €109,870 to €86,668
of which Trade receivables: -€15,946
- Tangible fixed assets +€14,361
up €14,361 (+8.1%), from €177,264 to €191,625
of which Plant, machinery and equipment: +€33,457
- Debts after one year -€20,520
no longer reported in 2025 (was €20,520)
- Reserves -€9,950
down €9,950 (-2.7%), from €371,115 to €361,165
of which Distributable reserves: -€9,950
- Current portion of long-term debt -€8,175
no longer reported in 2025 (was €8,175)
- Staff costs +€23,854
up €23,854 (+27.3%), from €87,381 to €111,236
- Gross operating margin +€11,885
up €11,885 (+9.2%), from €128,544 to €140,429
- Depreciation +€6,650
up €6,650 (+22.7%), from €29,258 to €35,908
- Other operating charges -€2,504
down €2,504 (-45.5%), from €5,505 to €3,001
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 | €463,957 | €435,005 | -€28,952 | -6.2% |
| Fixed assets | 21/28 | €177,313 | €191,674 | +€14,361 | +8.1% |
| Tangible fixed assets | 22/27 | €177,264 | €191,625 | +€14,361 | +8.1% |
| Land and buildings | 22 | €163,084 | €143,259 | -€19,825 | -12.2% |
| Plant, machinery and equipment | 23 | €13,988 | €47,445 | +€33,457 | +239.2% |
| Furniture and vehicles | 24 | €192 | €920 | +€729 | +379.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €286,644 | €243,331 | -€43,313 | -15.1% |
| Stocks and contracts in progress | 3 | €320 | €149 | -€172 | -53.6% |
| Stocks | 30/36 | €320 | €149 | -€172 | -53.6% |
| Amounts receivable within one year | 40/41 | €109,870 | €86,668 | -€23,202 | -21.1% |
| Trade receivables | 40 | €92,608 | €76,662 | -€15,946 | -17.2% |
| Other amounts receivable | 41 | €17,262 | €10,006 | -€7,256 | -42.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €74,526 | €154,365 | +€79,839 | +107.1% |
| Deferred charges and accrued income | 490/1 | €1,928 | €2,149 | +€221 | +11.5% |
| Total equity and liabilities | 10/49 | €463,957 | €435,005 | -€28,952 | -6.2% |
| Equity | 10/15 | €389,715 | €379,765 | -€9,950 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,115 | €361,165 | -€9,950 | -2.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €371,115 | €361,165 | -€9,950 | -2.7% |
| Amounts payable | 17/49 | €74,243 | €55,241 | -€19,002 | -25.6% |
| Amounts payable after more than one year | 17 | €20,520 | - | -€20,520 | |
| Financial debts | 170/4 | €20,520 | - | -€20,520 | |
| Amounts payable within one year | 42/48 | €53,723 | €55,241 | +€1,518 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,175 | - | -€8,175 | |
| Trade debts | 44 | €31,848 | €35,404 | +€3,555 | +11.2% |
| Suppliers | 440/4 | €31,848 | €35,404 | +€3,555 | +11.2% |
| Taxes, remuneration and social security | 45 | €12,519 | €16,216 | +€3,697 | +29.5% |
| Taxes | 450/3 | €25 | €55 | +€30 | +121.0% |
| Remuneration and social security | 454/9 | €12,494 | €16,161 | +€3,667 | +29.3% |
| Other amounts payable | 47/48 | €1,181 | €3,621 | +€2,441 | +206.7% |
| Remuneration, social security and pensions | 62 | €87,381 | €111,236 | +€23,854 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,258 | €35,908 | +€6,650 | +22.7% |
| Other operating charges | 640/8 | €5,505 | €3,001 | -€2,504 | -45.5% |
| Gross operating margin | 9900 | €128,544 | €140,429 | +€11,885 | +9.2% |
| Operating profit (loss) | 9901 | €6,400 | -€9,715 | -€16,115 | |
| Financial income | 75/76B | €2,267 | €1,420 | -€847 | -37.3% |
| Recurring financial income | 75 | €2,267 | €1,420 | -€847 | -37.3% |
| Financial charges | 65/66B | €888 | €1,479 | +€591 | +66.5% |
| Recurring financial charges | 65 | €888 | €1,479 | +€591 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €7,778 | -€9,774 | -€17,553 | |
| Income taxes | 67/77 | €356 | €176 | -€180 | -50.6% |
| Profit (loss) for the period | 9904 | €7,422 | -€9,950 | -€17,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,422 | -€9,950 | -€17,373 |
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 5 October 2026 via checked.be.