GEOGRIND: 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.
What changed
GEOGRIND
NACE 23.910, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€571,000
2024 · -€18,982-€552,018
Equity
€154,789
2024 · €725,789-€571,000
Cash
€7
2024 · €11-€4
Balance sheet total
€520,619
2024 · €1.0m-€526,531
Largest movements
Assets
- Intangible fixed assets -€542,414
down €542,414 (-54.5%), from €995,988 to €453,575
- Receivables within one year +€26,669
up €26,669 (+183%), from €14,551 to €41,219
- Stocks and contracts -€11,320
no longer reported in 2025 (was €11,320)
Equity and liabilities
- Profit (loss) carried forward -€571,000
down €571,000 (-4,229%), from -€13,501 to -€584,501
- Debts after one year +€61,851
up €61,851 (+30.4%), from €203,149 to €265,000
of which Financial debts: +€75,621
- Other debts -€19,618
down €19,618 (-43.4%), from €45,167 to €25,549
Income statement
- Gross operating margin +€41,465
up €41,465 (+116%), from €35,631 to €77,096
- Depreciation +€40,040
up €40,040 (+234%), from €17,100 to €57,141
- Write-downs +€11,320
new in 2025: €11,320
- Taxes +€6,405
up €6,405, from -€2,007 to €4,399
- Staff costs -€3,375
down €3,375 (-10.0%), from €33,910 to €30,535
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.
Result 2024
-€18,982
Gross operating margin
+€41,465
Staff costs
+€3,375
Depreciation
-€40,040
Write-downs
-€11,320
Other operating charges
-€2,431
Other operating items
-€535,061
Financial income
-€119
Financial charges
-€1,481
Taxes
-€6,405
Result 2025
-€571,000
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€561,266
Investment
+€493,932
Financing
+€67,330
Cash 2024
€11
From operations (derived)
-€561,266
Net result for the year
-€571,000
Depreciation
+€57,141
Stocks and contracts
+€11,320
Receivables within one year
-€26,669
Deferred charges and accrued income
-€9,196
Trade debts
-€3,284
Tax, wage and social debts
+€41
Other debts
-€19,618
Investment (derived)
+€493,932
Investment in fixed assets (net)
+€493,932
Financing
+€67,330
Debts after one year
+€61,851
Current portion of long-term debt
+€5,479
Cash 2025
€7
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,047,151 | €520,619 | -€526,531 | -50.3% |
| Formation expenses | 20 | €8,566 | €2,848 | -€5,718 | -66.7% |
| Fixed assets | 21/28 | €1,006,608 | €461,253 | -€545,355 | -54.2% |
| Intangible fixed assets | 21 | €995,988 | €453,575 | -€542,414 | -54.5% |
| Tangible fixed assets | 22/27 | €7,919 | €4,978 | -€2,941 | -37.1% |
| Plant, machinery and equipment | 23 | €4,137 | €3,115 | -€1,022 | -24.7% |
| Other tangible fixed assets | 26 | €3,782 | €1,863 | -€1,920 | -50.8% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €31,977 | €56,518 | +€24,541 | +76.7% |
| Stocks and contracts in progress | 3 | €11,320 | - | -€11,320 | |
| Stocks | 30/36 | €11,320 | - | -€11,320 | |
| Amounts receivable within one year | 40/41 | €14,551 | €41,219 | +€26,669 | +183% |
| Other amounts receivable | 41 | €14,551 | €41,219 | +€26,669 | +183% |
| Cash at bank and in hand | 54/58 | €11 | €7 | -€4 | -34.8% |
| Deferred charges and accrued income | 490/1 | €6,095 | €15,291 | +€9,196 | +151% |
| Total equity and liabilities | 10/49 | €1,047,151 | €520,619 | -€526,531 | -50.3% |
| Equity | 10/15 | €725,789 | €154,789 | -€571,000 | -78.7% |
| Contributions | 10/11 | €738,890 | €738,890 | = | 0.0% |
| Capital | 10 | €738,890 | €738,890 | = | 0.0% |
| Issued capital | 100 | €738,890 | €738,890 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Legal reserve | 130 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,501 | -€584,501 | -€571,000 | -4,229% |
| Amounts payable | 17/49 | €321,362 | €365,831 | +€44,469 | +13.8% |
| Amounts payable after more than one year | 17 | €203,149 | €265,000 | +€61,851 | +30.4% |
| Financial debts | 170/4 | €189,379 | €265,000 | +€75,621 | +39.9% |
| Other amounts payable | 178/9 | €13,770 | - | -€13,770 | |
| Amounts payable within one year | 42/48 | €118,213 | €100,831 | -€17,382 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €51,438 | €56,917 | +€5,479 | +10.7% |
| Trade debts | 44 | €17,743 | €14,459 | -€3,284 | -18.5% |
| Suppliers | 440/4 | €17,743 | €14,459 | -€3,284 | -18.5% |
| Taxes, remuneration and social security | 45 | €3,865 | €3,906 | +€41 | +1.1% |
| Taxes | 450/3 | - | €121 | +€121 | |
| Remuneration and social security | 454/9 | €3,865 | €3,785 | -€80 | -2.1% |
| Other amounts payable | 47/48 | €45,167 | €25,549 | -€19,618 | -43.4% |
| Non-recurring operating income | 76A | - | €6,902 | +€6,902 | |
| Remuneration, social security and pensions | 62 | €33,910 | €30,535 | -€3,375 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,100 | €57,141 | +€40,040 | +234% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,320 | +€11,320 | |
| Other operating charges | 640/8 | €968 | €3,398 | +€2,431 | +251% |
| Non-recurring operating charges | 66A | - | €535,061 | +€535,061 | |
| Gross operating margin | 9900 | €35,631 | €77,096 | +€41,465 | +116% |
| Operating profit (loss) | 9901 | -€16,347 | -€560,359 | -€544,013 | -3,328% |
| Financial income | 75/76B | €119 | - | -€119 | |
| Recurring financial income | 75 | €119 | - | -€119 | |
| Financial charges | 65/66B | €4,762 | €6,242 | +€1,481 | +31.1% |
| Recurring financial charges | 65 | €4,762 | €6,242 | +€1,481 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,989 | -€566,602 | -€545,613 | -2,600% |
| Income taxes | 67/77 | -€2,007 | €4,399 | +€6,405 | |
| Profit (loss) for the period | 9904 | -€18,982 | -€571,000 | -€552,018 | -2,908% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,982 | -€571,000 | -€552,018 | -2,908% |
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 20 October 2026 via checked.be.