GEOFLAN: 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.
GEOFLAN
Largest movements
- Tangible fixed assets +€533,394
up €533,394 (+221%), from €241,892 to €775,286
- Receivables within one year +€194,439
up €194,439 (+644%), from €30,174 to €224,613
of which Trade receivables: +€156,600
- Cash -€193,992
down €193,992 (-92.5%), from €209,824 to €15,831
mainly Investment in fixed assets (net) (-€597,746) and Receivables within one year (-€194,439)
- Debts after one year +€440,182
up €440,182 (+206%), from €213,930 to €654,112
- Reserves +€106,091
up €106,091 (+900%), from €11,784 to €117,875
- Trade debts -€64,355
down €64,355 (-37.2%), from €172,978 to €108,623
- Current portion of long-term debt +€29,709
new in 2025: €29,709
- Tax, wage and social debts +€21,523
up €21,523 (+304%), from €7,084 to €28,606
- Gross operating margin +€204,628
up €204,628 (+991%), from €20,659 to €225,286
- Depreciation +€57,736
up €57,736 (+873%), from €6,616 to €64,352
- Taxes +€26,050
up €26,050 (+1,140%), from €2,285 to €28,335
- Financial charges +€24,400
up €24,400 (+641%), from €3,808 to €28,208
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 | €481,890 | €1,015,730 | +€533,841 | +111% |
| Fixed assets | 21/28 | €241,892 | €775,286 | +€533,394 | +221% |
| Tangible fixed assets | 22/27 | €241,892 | €775,286 | +€533,394 | +221% |
| Plant, machinery and equipment | 23 | €241,892 | €775,286 | +€533,394 | +221% |
| Current assets | 29/58 | €239,998 | €240,444 | +€447 | +0.2% |
| Amounts receivable within one year | 40/41 | €30,174 | €224,613 | +€194,439 | +644% |
| Trade receivables | 40 | €29,297 | €185,897 | +€156,600 | +535% |
| Other amounts receivable | 41 | €877 | €38,716 | +€37,839 | +4,313% |
| Cash at bank and in hand | 54/58 | €209,824 | €15,831 | -€193,992 | -92.5% |
| Total equity and liabilities | 10/49 | €481,890 | €1,015,730 | +€533,841 | +111% |
| Equity | 10/15 | €61,784 | €167,875 | +€106,091 | +172% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €11,784 | €117,875 | +€106,091 | +900% |
| Distributable reserves | 133 | €11,784 | €117,875 | +€106,091 | +900% |
| Amounts payable | 17/49 | €420,105 | €847,855 | +€427,750 | +102% |
| Amounts payable after more than one year | 17 | €213,930 | €654,112 | +€440,182 | +206% |
| Financial debts | 170/4 | €213,930 | €654,112 | +€440,182 | +206% |
| Amounts payable within one year | 42/48 | €205,062 | €192,187 | -€12,875 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | - | €29,709 | +€29,709 | |
| Trade debts | 44 | €172,978 | €108,623 | -€64,355 | -37.2% |
| Suppliers | 440/4 | €172,978 | €108,623 | -€64,355 | -37.2% |
| Taxes, remuneration and social security | 45 | €7,084 | €28,606 | +€21,523 | +304% |
| Taxes | 450/3 | €7,084 | €28,606 | +€21,523 | +304% |
| Other amounts payable | 47/48 | €25,000 | €25,248 | +€248 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,114 | €1,557 | +€444 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,616 | €64,352 | +€57,736 | +873% |
| Other operating charges | 640/8 | €109 | €0 | -€109 | -100% |
| Gross operating margin | 9900 | €20,659 | €225,286 | +€204,628 | +991% |
| Operating profit (loss) | 9901 | €13,934 | €160,934 | +€147,000 | +1,055% |
| Financial income | 75/76B | €17 | €1,700 | +€1,683 | +9,947% |
| Recurring financial income | 75 | €17 | €1,700 | +€1,683 | +9,947% |
| Financial charges | 65/66B | €3,808 | €28,208 | +€24,400 | +641% |
| Recurring financial charges | 65 | €3,808 | €28,208 | +€24,400 | +641% |
| Profit (loss) for the period before taxes | 9903 | €10,143 | €134,426 | +€124,283 | +1,225% |
| Income taxes | 67/77 | €2,285 | €28,335 | +€26,050 | +1,140% |
| Profit (loss) for the period | 9904 | €7,858 | €106,091 | +€98,233 | +1,250% |
| Profit (loss) for the period to be appropriated | 9905 | €7,858 | €106,091 | +€98,233 | +1,250% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.