Geoffrey Tatone Construct: 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.
Geoffrey Tatone Construct
Largest movements
- Cash +€15,369
up €15,369 (+658%), from €2,335 to €17,704
mainly Net result for the year (+€39,947) and Trade debts (+€18,570)
- Tangible fixed assets -€11,849
down €11,849 (-8.7%), from €136,270 to €124,422
of which Furniture and vehicles: -€8,052
- Receivables within one year +€10,866
up €10,866 (+208%), from €5,220 to €16,086
- Deferred charges and accrued income +€2,202
up €2,202 (+38.5%), from €5,715 to €7,917
- Profit (loss) carried forward +€39,947
up €39,947, from -€21,504 to €18,443
- Other debts -€25,374
no longer reported in 2025 (was €25,374)
- Trade debts +€18,570
up €18,570 (+535%), from €3,474 to €22,044
- Debts after one year -€9,448
down €9,448 (-8.0%), from €118,548 to €109,100
- Tax, wage and social debts -€5,819
down €5,819 (-73.5%), from €7,914 to €2,094
of which Remuneration and social security: -€5,504
- Gross operating margin +€37,200
up €37,200 (+47.3%), from €78,691 to €115,890
- Staff costs +€3,711
up €3,711 (+7.0%), from €52,701 to €56,412
- Taxes +€1,233
new in 2025: €1,233
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 | €149,541 | €166,129 | +€16,588 | +11.1% |
| Fixed assets | 21/28 | €136,270 | €124,422 | -€11,849 | -8.7% |
| Tangible fixed assets | 22/27 | €136,270 | €124,422 | -€11,849 | -8.7% |
| Land and buildings | 22 | €127,025 | €123,204 | -€3,821 | -3.0% |
| Plant, machinery and equipment | 23 | €503 | €528 | +€24 | +4.8% |
| Furniture and vehicles | 24 | €8,742 | €690 | -€8,052 | -92.1% |
| Current assets | 29/58 | €13,270 | €41,707 | +€28,437 | +214% |
| Amounts receivable within one year | 40/41 | €5,220 | €16,086 | +€10,866 | +208% |
| Trade receivables | 40 | €5,220 | €16,086 | +€10,866 | +208% |
| Cash at bank and in hand | 54/58 | €2,335 | €17,704 | +€15,369 | +658% |
| Deferred charges and accrued income | 490/1 | €5,715 | €7,917 | +€2,202 | +38.5% |
| Total equity and liabilities | 10/49 | €149,541 | €166,129 | +€16,588 | +11.1% |
| Equity | 10/15 | -€16,504 | €23,443 | +€39,947 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,504 | €18,443 | +€39,947 | |
| Amounts payable | 17/49 | €166,045 | €142,686 | -€23,359 | -14.1% |
| Amounts payable after more than one year | 17 | €118,548 | €109,100 | -€9,448 | -8.0% |
| Financial debts | 170/4 | €118,548 | €109,100 | -€9,448 | -8.0% |
| Amounts payable within one year | 42/48 | €45,837 | €33,587 | -€12,250 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €9,075 | €9,448 | +€373 | +4.1% |
| Trade debts | 44 | €3,474 | €22,044 | +€18,570 | +535% |
| Suppliers | 440/4 | €3,474 | €22,044 | +€18,570 | +535% |
| Taxes, remuneration and social security | 45 | €7,914 | €2,094 | -€5,819 | -73.5% |
| Taxes | 450/3 | €529 | €213 | -€316 | -59.7% |
| Remuneration and social security | 454/9 | €7,385 | €1,881 | -€5,504 | -74.5% |
| Other amounts payable | 47/48 | €25,374 | - | -€25,374 | |
| Accrued charges and deferred income | 492/3 | €1,660 | - | -€1,660 | |
| Remuneration, social security and pensions | 62 | €52,701 | €56,412 | +€3,711 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,953 | €11,849 | -€1,104 | -8.5% |
| Other operating charges | 640/8 | €1,684 | €1,732 | +€48 | +2.9% |
| Gross operating margin | 9900 | €78,691 | €115,890 | +€37,200 | +47.3% |
| Operating profit (loss) | 9901 | €11,353 | €45,897 | +€34,544 | +304% |
| Financial income | 75/76B | €3 | €167 | +€164 | +5,411% |
| Recurring financial income | 75 | €3 | €167 | +€164 | +5,411% |
| Financial charges | 65/66B | €5,723 | €4,884 | -€839 | -14.7% |
| Recurring financial charges | 65 | €5,723 | €4,884 | -€839 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €5,633 | €41,180 | +€35,547 | +631% |
| Income taxes | 67/77 | - | €1,233 | +€1,233 | |
| Profit (loss) for the period | 9904 | €5,633 | €39,947 | +€34,314 | +609% |
| Profit (loss) for the period to be appropriated | 9905 | €5,633 | €39,947 | +€34,314 | +609% |
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 22 October 2026 via checked.be.