GEOFF: 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.
GEOFF
Largest movements
- Receivables within one year -€105,344
down €105,344 (-94.8%), from €111,170 to €5,826
of which Trade receivables: -€105,614
- Cash +€53,973
up €53,973 (+390.7%), from €13,813 to €67,785
mainly Receivables within one year (+€105,344) and Net result for the year (+€36,097)
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€19,963
down €19,963 (-41.8%), from €47,726 to €27,763
of which Furniture and vehicles: -€18,733
- Stocks and contracts +€3,156
up €3,156 (+806.7%), from €391 to €3,547
- Trade debts -€73,485
down €73,485 (-95.9%), from €76,648 to €3,163
- Reserves +€36,097
up €36,097 (+68.4%), from €52,786 to €88,883
- Debts after one year -€8,031
down €8,031 (-28.7%), from €27,945 to €19,915
- Tax, wage and social debts +€2,942
up €2,942 (+58.7%), from €5,016 to €7,957
- Staff costs +€9,953
up €9,953 (+426.2%), from €2,335 to €12,288
- Depreciation +€6,791
up €6,791 (+48.8%), from €13,922 to €20,713
- Taxes -€5,083
down €5,083 (-25.7%), from €19,771 to €14,689
- Gross operating margin -€4,543
down €4,543 (-5.0%), from €90,347 to €85,803
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 | €180,100 | €138,171 | -€41,929 | -23.3% |
| Fixed assets | 21/28 | €54,726 | €34,013 | -€20,713 | -37.8% |
| Intangible fixed assets | 21 | €7,000 | €6,250 | -€750 | -10.7% |
| Tangible fixed assets | 22/27 | €47,726 | €27,763 | -€19,963 | -41.8% |
| Plant, machinery and equipment | 23 | €4,016 | €2,786 | -€1,230 | -30.6% |
| Furniture and vehicles | 24 | €43,710 | €24,977 | -€18,733 | -42.9% |
| Current assets | 29/58 | €125,374 | €104,158 | -€21,216 | -16.9% |
| Stocks and contracts in progress | 3 | €391 | €3,547 | +€3,156 | +806.7% |
| Stocks | 30/36 | €391 | €3,547 | +€3,156 | +806.7% |
| Amounts receivable within one year | 40/41 | €111,170 | €5,826 | -€105,344 | -94.8% |
| Trade receivables | 40 | €105,939 | €325 | -€105,614 | -99.7% |
| Other amounts receivable | 41 | €5,231 | €5,500 | +€269 | +5.2% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €13,813 | €67,785 | +€53,973 | +390.7% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €180,100 | €138,171 | -€41,929 | -23.3% |
| Equity | 10/15 | €62,786 | €98,883 | +€36,097 | +57.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €52,786 | €88,883 | +€36,097 | +68.4% |
| Distributable reserves | 133 | €52,786 | €88,883 | +€36,097 | +68.4% |
| Amounts payable | 17/49 | €117,314 | €39,289 | -€78,025 | -66.5% |
| Amounts payable after more than one year | 17 | €27,945 | €19,915 | -€8,031 | -28.7% |
| Financial debts | 170/4 | €27,945 | €19,915 | -€8,031 | -28.7% |
| Amounts payable within one year | 42/48 | €89,369 | €19,374 | -€69,995 | -78.3% |
| Current portion of amounts payable after more than one year | 42 | €7,705 | €8,031 | +€326 | +4.2% |
| Trade debts | 44 | €76,648 | €3,163 | -€73,485 | -95.9% |
| Suppliers | 440/4 | €76,648 | €3,163 | -€73,485 | -95.9% |
| Advances received on contracts in progress | 46 | - | €223 | +€223 | |
| Taxes, remuneration and social security | 45 | €5,016 | €7,957 | +€2,942 | +58.7% |
| Taxes | 450/3 | €5,016 | €7,957 | +€2,942 | +58.7% |
| Remuneration, social security and pensions | 62 | €2,335 | €12,288 | +€9,953 | +426.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,922 | €20,713 | +€6,791 | +48.8% |
| Other operating charges | 640/8 | €788 | €996 | +€208 | +26.4% |
| Gross operating margin | 9900 | €90,347 | €85,803 | -€4,543 | -5.0% |
| Operating profit (loss) | 9901 | €73,302 | €51,807 | -€21,495 | -29.3% |
| Financial income | 75/76B | €802 | €510 | -€291 | -36.4% |
| Recurring financial income | 75 | €802 | €510 | -€291 | -36.4% |
| Financial charges | 65/66B | €1,546 | €1,532 | -€14 | -0.9% |
| Recurring financial charges | 65 | €1,546 | €1,532 | -€14 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €72,558 | €50,785 | -€21,772 | -30.0% |
| Income taxes | 67/77 | €19,771 | €14,689 | -€5,083 | -25.7% |
| Profit (loss) for the period | 9904 | €52,786 | €36,097 | -€16,690 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,786 | €36,097 | -€16,690 | -31.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.