GEOMAR CONSTRUCT: 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.
GEOMAR CONSTRUCT
Largest movements
- Receivables within one year +€50,698
up €50,698 (+22.2%), from €228,328 to €279,026
of which Trade receivables: +€45,668
- Tangible fixed assets -€5,452
down €5,452 (-7.3%), from €74,426 to €68,974
of which Furniture and vehicles: -€5,406
- Cash -€5,420
no longer reported in 2025 (was €5,420)
mainly Receivables within one year (-€50,698) and Net result for the year (-€12,436)
- Trade debts +€49,107
up €49,107 (+89.8%), from €54,684 to €103,791
- Other debts +€13,862
up €13,862 (+34.8%), from €39,889 to €53,751
- Profit (loss) carried forward -€12,436
down €12,436 (-8.8%), from €141,402 to €128,966
- Tax, wage and social debts -€8,296
no longer reported in 2025 (was €8,296)
of which Taxes: -€6,361
- Turnover -€249,338
down €249,338 (-55.0%), from €453,328 to €203,990
- Purchases and services -€169,721
down €169,721 (-61.1%), from €277,738 to €108,018
- Gross operating margin -€79,617
down €79,617 (-45.3%), from €175,589 to €95,972
- Taxes +€44,630
new in 2025: €44,630
- Staff costs -€27,249
down €27,249 (-38.5%), from €70,690 to €43,440
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 | €308,424 | €348,020 | +€39,596 | +12.8% |
| Fixed assets | 21/28 | €74,426 | €68,974 | -€5,452 | -7.3% |
| Tangible fixed assets | 22/27 | €74,426 | €68,974 | -€5,452 | -7.3% |
| Land and buildings | 22 | €49,151 | €47,485 | -€1,667 | -3.4% |
| Plant, machinery and equipment | 23 | €1,875 | €3,496 | +€1,621 | +86.4% |
| Furniture and vehicles | 24 | €23,399 | €17,993 | -€5,406 | -23.1% |
| Current assets | 29/58 | €233,998 | €279,046 | +€45,047 | +19.3% |
| Amounts receivable within one year | 40/41 | €228,328 | €279,026 | +€50,698 | +22.2% |
| Trade receivables | 40 | €132,186 | €177,853 | +€45,668 | +34.5% |
| Other amounts receivable | 41 | €96,143 | €101,173 | +€5,030 | +5.2% |
| Cash at bank and in hand | 54/58 | €5,420 | - | -€5,420 | |
| Deferred charges and accrued income | 490/1 | €250 | €19 | -€231 | -92.3% |
| Total equity and liabilities | 10/49 | €308,424 | €348,020 | +€39,596 | +12.8% |
| Equity | 10/15 | €202,902 | €190,466 | -€12,436 | -6.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,402 | €128,966 | -€12,436 | -8.8% |
| Amounts payable | 17/49 | €105,522 | €157,554 | +€52,031 | +49.3% |
| Amounts payable within one year | 42/48 | €102,869 | €157,554 | +€54,684 | +53.2% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €54,684 | €103,791 | +€49,107 | +89.8% |
| Suppliers | 440/4 | €54,684 | €103,791 | +€49,107 | +89.8% |
| Taxes, remuneration and social security | 45 | €8,296 | - | -€8,296 | |
| Taxes | 450/3 | €6,361 | - | -€6,361 | |
| Remuneration and social security | 454/9 | €1,936 | - | -€1,936 | |
| Other amounts payable | 47/48 | €39,889 | €53,751 | +€13,862 | +34.8% |
| Accrued charges and deferred income | 492/3 | €2,653 | - | -€2,653 | |
| Turnover | 70 | €453,328 | €203,990 | -€249,338 | -55.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €277,738 | €108,018 | -€169,721 | -61.1% |
| Remuneration, social security and pensions | 62 | €70,690 | €43,440 | -€27,249 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,188 | €17,752 | +€4,563 | +34.6% |
| Other operating charges | 640/8 | €3,761 | €2,178 | -€1,583 | -42.1% |
| Gross operating margin | 9900 | €175,589 | €95,972 | -€79,617 | -45.3% |
| Operating profit (loss) | 9901 | €87,950 | €32,602 | -€55,348 | -62.9% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €2,586 | €407 | -€2,179 | -84.3% |
| Recurring financial charges | 65 | €2,586 | €407 | -€2,179 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €85,389 | €32,195 | -€53,194 | -62.3% |
| Income taxes | 67/77 | - | €44,630 | +€44,630 | |
| Profit (loss) for the period | 9904 | €85,389 | -€12,436 | -€97,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,389 | -€12,436 | -€97,824 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.