Geomath: 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.
Geomath
Largest movements
- Tangible fixed assets +€124,353
new in 2025: €124,353
of which Other tangible fixed assets: +€71,549
- Receivables within one year +€20,528
up €20,528 (+41.5%), from €49,483 to €70,011
of which Trade receivables: +€20,441
- Cash +€17,535
up €17,535 (+13.9%), from €126,296 to €143,830
mainly Other debts (+€159,526) and Debts after one year (+€88,695)
- Other debts +€159,526
up €159,526, from €0 to €159,526
- Reserves -€133,203
down €133,203 (-100%), from €133,203 to €0
- Debts after one year +€88,695
new in 2025: €88,695
- Tax, wage and social debts +€27,948
up €27,948 (+77.4%), from €36,093 to €64,040
of which Taxes: +€27,948
- Current portion of long-term debt +€22,267
new in 2025: €22,267
- Gross operating margin -€17,956
down €17,956 (-17.8%), from €100,738 to €82,782
- Depreciation +€14,515
new in 2025: €14,515
- Taxes -€9,529
down €9,529 (-45.3%), from €21,049 to €11,520
- Financial charges +€1,953
up €1,953 (+1,832%), from €107 to €2,060
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 | €177,215 | €339,911 | +€162,696 | +91.8% |
| Fixed assets | 21/28 | - | €124,353 | +€124,353 | |
| Tangible fixed assets | 22/27 | - | €124,353 | +€124,353 | |
| Furniture and vehicles | 24 | - | €52,804 | +€52,804 | |
| Other tangible fixed assets | 26 | - | €71,549 | +€71,549 | |
| Current assets | 29/58 | €177,215 | €215,559 | +€38,343 | +21.6% |
| Amounts receivable within one year | 40/41 | €49,483 | €70,011 | +€20,528 | +41.5% |
| Trade receivables | 40 | €47,100 | €67,541 | +€20,441 | +43.4% |
| Other amounts receivable | 41 | €2,384 | €2,471 | +€87 | +3.7% |
| Cash at bank and in hand | 54/58 | €126,296 | €143,830 | +€17,535 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,717 | +€281 | +19.5% |
| Total equity and liabilities | 10/49 | €177,215 | €339,911 | +€162,696 | +91.8% |
| Equity | 10/15 | €136,203 | €3,000 | -€133,203 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €133,203 | €0 | -€133,203 | -100% |
| Distributable reserves | 133 | €133,203 | €0 | -€133,203 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,013 | €336,911 | +€295,899 | +721% |
| Amounts payable after more than one year | 17 | - | €88,695 | +€88,695 | |
| Financial debts | 170/4 | - | €88,695 | +€88,695 | |
| Amounts payable within one year | 42/48 | €41,013 | €248,216 | +€207,204 | +505% |
| Current portion of amounts payable after more than one year | 42 | - | €22,267 | +€22,267 | |
| Trade debts | 44 | €4,920 | €2,383 | -€2,537 | -51.6% |
| Suppliers | 440/4 | €4,920 | €2,383 | -€2,537 | -51.6% |
| Taxes, remuneration and social security | 45 | €36,093 | €64,040 | +€27,948 | +77.4% |
| Taxes | 450/3 | €36,093 | €64,040 | +€27,948 | +77.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €159,526 | +€159,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,515 | +€14,515 | |
| Other operating charges | 640/8 | €239 | €378 | +€139 | +58.3% |
| Gross operating margin | 9900 | €100,738 | €82,782 | -€17,956 | -17.8% |
| Operating profit (loss) | 9901 | €100,499 | €67,889 | -€32,610 | -32.4% |
| Financial income | 75/76B | €14 | €165 | +€151 | +1,099% |
| Recurring financial income | 75 | €14 | €165 | +€151 | +1,099% |
| Financial charges | 65/66B | €107 | €2,060 | +€1,953 | +1,832% |
| Recurring financial charges | 65 | €107 | €2,060 | +€1,953 | +1,832% |
| Profit (loss) for the period before taxes | 9903 | €100,406 | €65,995 | -€34,412 | -34.3% |
| Income taxes | 67/77 | €21,049 | €11,520 | -€9,529 | -45.3% |
| Profit (loss) for the period | 9904 | €79,358 | €54,474 | -€24,883 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,358 | €54,474 | -€24,883 | -31.4% |
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.