GEOFINA: 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.
GEOFINA
Largest movements
- Cash -€5,163
down €5,163 (-77.7%), from €6,641 to €1,478
mainly Net result for the year (-€2,848) and Other debts (-€1,398)
- Receivables within one year +€729
new in 2023: €729
- Profit (loss) carried forward -€2,848
down €2,848 (-6.9%), from -€41,031 to -€43,879
- Other debts -€1,398
down €1,398 (-9.2%), from €15,271 to €13,873
- Tax, wage and social debts -€205
down €205 (-89.5%), from €229 to €24
- Taxes -€4,186
new in 2023: -€4,186
- Other operating charges +€1,991
up €1,991 (+1185.1%), from €168 to €2,159
- Financial charges -€1,699
down €1,699 (-77.7%), from €2,187 to €488
of which Non-recurring financial charges: -€1,696
- Turnover -€1,675
down €1,675 (-46.1%), from €3,632 to €1,957
- Purchases and services -€1,494
down €1,494 (-15.5%), from €9,650 to €8,156
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,641 | €2,207 | -€4,434 | -66.8% |
| Current assets | 29/58 | €6,641 | €2,207 | -€4,434 | -66.8% |
| Amounts receivable within one year | 40/41 | - | €729 | +€729 | |
| Other amounts receivable | 41 | - | €729 | +€729 | |
| Cash at bank and in hand | 54/58 | €6,641 | €1,478 | -€5,163 | -77.7% |
| Total equity and liabilities | 10/49 | €6,641 | €2,207 | -€4,434 | -66.8% |
| Equity | 10/15 | -€8,859 | -€11,707 | -€2,848 | -32.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,185 | €1,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,185 | €1,185 | = | 0.0% |
| Legal reserve | 130 | €1,185 | €1,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,031 | -€43,879 | -€2,848 | -6.9% |
| Amounts payable | 17/49 | €15,500 | €13,914 | -€1,586 | -10.2% |
| Amounts payable within one year | 42/48 | €15,500 | €13,914 | -€1,586 | -10.2% |
| Trade debts | 44 | - | €17 | +€17 | |
| Suppliers | 440/4 | - | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | €229 | €24 | -€205 | -89.5% |
| Taxes | 450/3 | €229 | €24 | -€205 | -89.5% |
| Other amounts payable | 47/48 | €15,271 | €13,873 | -€1,398 | -9.2% |
| Turnover | 70 | €3,632 | €1,957 | -€1,675 | -46.1% |
| Non-recurring operating income | 76A | €683 | - | -€683 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,650 | €8,156 | -€1,494 | -15.5% |
| Other operating charges | 640/8 | €168 | €2,159 | +€1,991 | +1185.1% |
| Gross operating margin | 9900 | -€5,334 | -€4,387 | +€947 | +17.8% |
| Operating profit (loss) | 9901 | -€5,502 | -€6,546 | -€1,044 | -19.0% |
| Financial charges | 65/66B | €2,187 | €488 | -€1,699 | -77.7% |
| Recurring financial charges | 65 | €437 | €434 | -€3 | -0.7% |
| Non-recurring financial charges | 66B | €1,750 | €54 | -€1,696 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,689 | -€7,034 | +€655 | +8.5% |
| Income taxes | 67/77 | - | -€4,186 | -€4,186 | |
| Profit (loss) for the period | 9904 | -€7,689 | -€2,848 | +€4,841 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,689 | -€2,848 | +€4,841 | +63.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.