GEOGANIC: 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.
GEOGANIC
Largest movements
- Cash +€16,830
up €16,830 (+15.6%), from €107,899 to €124,729
mainly Other debts (+€168,348) and Net result for the year (+€38,971)
- Deferred charges and accrued income +€11,424
up €11,424, from €0 to €11,424
- Tangible fixed assets -€10,970
down €10,970 (-19.7%), from €55,542 to €44,573
of which Land and buildings: -€9,637
- Receivables within one year +€2,780
up €2,780 (+10.2%), from €27,210 to €29,989
of which Other amounts receivable: +€9,930
- Other debts +€168,348
up €168,348 (+10188.9%), from €1,652 to €170,000
- Profit (loss) carried forward -€131,029
down €131,029 (-98.8%), from €132,642 to €1,613
- Tax, wage and social debts -€9,613
down €9,613 (-30.5%), from €31,497 to €21,884
of which Taxes: -€6,459
- Debts after one year -€4,991
down €4,991 (-17.3%), from €28,780 to €23,789
- Gross operating margin -€16,103
down €16,103 (-11.4%), from €141,451 to €125,348
- Taxes -€4,246
down €4,246 (-24.6%), from €17,277 to €13,031
- Staff costs +€1,428
up €1,428 (+2.5%), from €57,035 to €58,463
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 | €215,692 | €236,253 | +€20,561 | +9.5% |
| Fixed assets | 21/28 | €55,542 | €44,573 | -€10,970 | -19.7% |
| Tangible fixed assets | 22/27 | €55,542 | €44,573 | -€10,970 | -19.7% |
| Land and buildings | 22 | €52,813 | €43,176 | -€9,637 | -18.2% |
| Plant, machinery and equipment | 23 | €2,015 | €1,397 | -€618 | -30.7% |
| Furniture and vehicles | 24 | €714 | €0 | -€714 | -100.0% |
| Current assets | 29/58 | €160,150 | €191,680 | +€31,531 | +19.7% |
| Stocks and contracts in progress | 3 | €25,041 | €25,538 | +€498 | +2.0% |
| Stocks | 30/36 | €25,041 | €25,538 | +€498 | +2.0% |
| Amounts receivable within one year | 40/41 | €27,210 | €29,989 | +€2,780 | +10.2% |
| Trade receivables | 40 | €24,457 | €17,306 | -€7,151 | -29.2% |
| Other amounts receivable | 41 | €2,752 | €12,683 | +€9,930 | +360.8% |
| Cash at bank and in hand | 54/58 | €107,899 | €124,729 | +€16,830 | +15.6% |
| Deferred charges and accrued income | 490/1 | €0 | €11,424 | +€11,424 | |
| Total equity and liabilities | 10/49 | €215,692 | €236,253 | +€20,561 | +9.5% |
| Equity | 10/15 | €137,642 | €6,613 | -€131,029 | -95.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,642 | €1,613 | -€131,029 | -98.8% |
| Amounts payable | 17/49 | €78,050 | €229,640 | +€151,590 | +194.2% |
| Amounts payable after more than one year | 17 | €28,780 | €23,789 | -€4,991 | -17.3% |
| Financial debts | 170/4 | €28,780 | €23,789 | -€4,991 | -17.3% |
| Amounts payable within one year | 42/48 | €49,270 | €205,851 | +€156,581 | +317.8% |
| Current portion of amounts payable after more than one year | 42 | €4,888 | €4,991 | +€103 | +2.1% |
| Trade debts | 44 | €11,232 | €8,976 | -€2,256 | -20.1% |
| Suppliers | 440/4 | €11,232 | €8,976 | -€2,256 | -20.1% |
| Taxes, remuneration and social security | 45 | €31,497 | €21,884 | -€9,613 | -30.5% |
| Taxes | 450/3 | €20,673 | €14,214 | -€6,459 | -31.2% |
| Remuneration and social security | 454/9 | €10,825 | €7,670 | -€3,155 | -29.1% |
| Other amounts payable | 47/48 | €1,652 | €170,000 | +€168,348 | +10188.9% |
| Remuneration, social security and pensions | 62 | €57,035 | €58,463 | +€1,428 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,704 | €10,970 | -€735 | -6.3% |
| Other operating charges | 640/8 | €2,622 | €2,623 | +€1 | 0.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €141,451 | €125,348 | -€16,103 | -11.4% |
| Operating profit (loss) | 9901 | €70,090 | €53,293 | -€16,798 | -24.0% |
| Financial income | 75/76B | €61 | €357 | +€295 | +480.3% |
| Recurring financial income | 75 | €61 | €357 | +€295 | +480.3% |
| Financial charges | 65/66B | €1,827 | €1,647 | -€181 | -9.9% |
| Recurring financial charges | 65 | €1,827 | €1,647 | -€181 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €68,324 | €52,003 | -€16,322 | -23.9% |
| Income taxes | 67/77 | €17,277 | €13,031 | -€4,246 | -24.6% |
| Profit (loss) for the period | 9904 | €51,047 | €38,971 | -€12,076 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,047 | €38,971 | -€12,076 | -23.7% |
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 11 October 2026 via checked.be.