GEOLEX: 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.
GEOLEX
Largest movements
- Tangible fixed assets +€257,611
up €257,611 (+68.1%), from €378,164 to €635,775
of which Land and buildings: +€253,507
- Cash -€7,693
down €7,693 (-39.4%), from €19,509 to €11,817
mainly Investment in fixed assets (net) (-€317,765) and Stocks and contracts (-€6,694)
- Debts after one year +€196,579
up €196,579 (+76.5%), from €256,946 to €453,525
- Other debts +€46,073
up €46,073 (+246%), from €18,717 to €64,789
- Current portion of long-term debt +€12,512
up €12,512 (+52.3%), from €23,917 to €36,429
- Trade debts +€8,160
up €8,160 (+524%), from €1,557 to €9,718
- Depreciation +€28,673
up €28,673 (+88.4%), from €32,439 to €61,112
- Gross operating margin +€22,459
up €22,459 (+45.9%), from €48,903 to €71,361
- Financial charges +€938
up €938 (+18.9%), from €4,974 to €5,911
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 | €420,203 | €682,276 | +€262,073 | +62.4% |
| Fixed assets | 21/28 | €381,696 | €638,349 | +€256,653 | +67.2% |
| Intangible fixed assets | 21 | €3,397 | €2,439 | -€958 | -28.2% |
| Tangible fixed assets | 22/27 | €378,164 | €635,775 | +€257,611 | +68.1% |
| Land and buildings | 22 | €373,547 | €627,054 | +€253,507 | +67.9% |
| Plant, machinery and equipment | 23 | €1,945 | €849 | -€1,096 | -56.3% |
| Furniture and vehicles | 24 | €2,672 | €7,872 | +€5,200 | +195% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €38,507 | €43,927 | +€5,420 | +14.1% |
| Stocks and contracts in progress | 3 | €4,343 | €11,037 | +€6,694 | +154% |
| Stocks | 30/36 | €4,343 | €11,037 | +€6,694 | +154% |
| Amounts receivable within one year | 40/41 | €14,655 | €15,220 | +€565 | +3.9% |
| Trade receivables | 40 | €12,146 | €14,891 | +€2,745 | +22.6% |
| Other amounts receivable | 41 | €2,509 | €329 | -€2,180 | -86.9% |
| Cash at bank and in hand | 54/58 | €19,509 | €11,817 | -€7,693 | -39.4% |
| Deferred charges and accrued income | 490/1 | €0 | €5,854 | +€5,854 | |
| Total equity and liabilities | 10/49 | €420,203 | €682,276 | +€262,073 | +62.4% |
| Equity | 10/15 | €110,616 | €109,810 | -€805 | -0.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €92,066 | €91,260 | -€805 | -0.9% |
| Distributable reserves | 133 | €92,066 | €91,260 | -€805 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €309,587 | €572,466 | +€262,879 | +84.9% |
| Amounts payable after more than one year | 17 | €256,946 | €453,525 | +€196,579 | +76.5% |
| Financial debts | 170/4 | €256,946 | €453,525 | +€196,579 | +76.5% |
| Amounts payable within one year | 42/48 | €51,753 | €118,565 | +€66,812 | +129% |
| Current portion of amounts payable after more than one year | 42 | €23,917 | €36,429 | +€12,512 | +52.3% |
| Trade debts | 44 | €1,557 | €9,718 | +€8,160 | +524% |
| Suppliers | 440/4 | €1,557 | €9,718 | +€8,160 | +524% |
| Taxes, remuneration and social security | 45 | €7,562 | €7,629 | +€67 | +0.9% |
| Taxes | 450/3 | €7,562 | €7,629 | +€67 | +0.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,717 | €64,789 | +€46,073 | +246% |
| Accrued charges and deferred income | 492/3 | €888 | €377 | -€512 | -57.6% |
| Remuneration, social security and pensions | 62 | €367 | €465 | +€99 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,439 | €61,112 | +€28,673 | +88.4% |
| Other operating charges | 640/8 | €2,870 | €3,065 | +€194 | +6.8% |
| Gross operating margin | 9900 | €48,903 | €71,361 | +€22,459 | +45.9% |
| Operating profit (loss) | 9901 | €13,226 | €6,720 | -€6,506 | -49.2% |
| Financial income | 75/76B | €250 | €52 | -€198 | -79.3% |
| Recurring financial income | 75 | €250 | €52 | -€198 | -79.3% |
| Financial charges | 65/66B | €4,974 | €5,911 | +€938 | +18.9% |
| Recurring financial charges | 65 | €4,974 | €5,911 | +€938 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €8,503 | €861 | -€7,642 | -89.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €8,503 | €861 | -€7,642 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,503 | €861 | -€7,642 | -89.9% |
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 18 October 2026 via checked.be.