GEOMETRIC: 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.
GEOMETRIC
Largest movements
- Tangible fixed assets -€47,843
down €47,843 (-6.4%), from €749,997 to €702,154
of which Land and buildings: -€37,264
- Receivables within one year +€8,701
up €8,701 (+30.9%), from €28,188 to €36,888
of which Trade receivables: +€8,701
- Other debts -€22,231
down €22,231 (-66.7%), from €33,346 to €11,115
- Debts after one year -€12,398
down €12,398 (-2.3%), from €548,910 to €536,512
- Current portion of long-term debt -€9,979
down €9,979 (-29.8%), from €33,504 to €23,524
- Write-downs -€7,510
no longer reported in 2025 (was €7,510)
- Staff costs -€7,445
down €7,445 (-13.2%), from €56,287 to €48,842
- Purchases and services -€5,340
down €5,340 (-4.4%), from €120,184 to €114,844
- Turnover -€4,073
down €4,073 (-1.8%), from €229,415 to €225,342
- Other operating charges -€2,827
down €2,827 (-43.4%), from €6,507 to €3,680
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 | €798,140 | €757,516 | -€40,624 | -5.1% |
| Fixed assets | 21/28 | €750,118 | €702,275 | -€47,843 | -6.4% |
| Tangible fixed assets | 22/27 | €749,997 | €702,154 | -€47,843 | -6.4% |
| Land and buildings | 22 | €681,514 | €644,250 | -€37,264 | -5.5% |
| Plant, machinery and equipment | 23 | €22,241 | €15,618 | -€6,623 | -29.8% |
| Furniture and vehicles | 24 | €46,243 | €42,286 | -€3,957 | -8.6% |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €48,022 | €55,241 | +€7,219 | +15.0% |
| Stocks and contracts in progress | 3 | €5,544 | €5,697 | +€153 | +2.8% |
| Stocks | 30/36 | €5,544 | €5,697 | +€153 | +2.8% |
| Amounts receivable within one year | 40/41 | €28,188 | €36,888 | +€8,701 | +30.9% |
| Trade receivables | 40 | €27,688 | €36,388 | +€8,701 | +31.4% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,325 | €10,982 | -€1,343 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,965 | €1,674 | -€291 | -14.8% |
| Total equity and liabilities | 10/49 | €798,140 | €757,516 | -€40,624 | -5.1% |
| Equity | 10/15 | €165,393 | €168,073 | +€2,681 | +1.6% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | - | -€72,000 | |
| Issued capital | 100 | €72,000 | - | -€72,000 | |
| Reserves | 13 | €85,964 | €87,503 | +€1,539 | +1.8% |
| Tax-exempt reserves | 132 | €31,464 | €30,003 | -€1,461 | -4.6% |
| Distributable reserves | 133 | €54,500 | €57,500 | +€3,000 | +5.5% |
| Profit (loss) carried forward | 14 | €7,429 | €8,570 | +€1,141 | +15.4% |
| Amounts payable | 17/49 | €632,747 | €589,443 | -€43,305 | -6.8% |
| Amounts payable after more than one year | 17 | €548,910 | €536,512 | -€12,398 | -2.3% |
| Financial debts | 170/4 | €548,910 | €536,512 | -€12,398 | -2.3% |
| Amounts payable within one year | 42/48 | €83,838 | €52,931 | -€30,907 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €33,504 | €23,524 | -€9,979 | -29.8% |
| Trade debts | 44 | €123 | €114 | -€10 | -7.7% |
| Suppliers | 440/4 | €123 | €114 | -€10 | -7.7% |
| Taxes, remuneration and social security | 45 | €16,864 | €18,178 | +€1,314 | +7.8% |
| Taxes | 450/3 | €9,738 | €12,260 | +€2,522 | +25.9% |
| Remuneration and social security | 454/9 | €7,126 | €5,918 | -€1,208 | -17.0% |
| Other amounts payable | 47/48 | €33,346 | €11,115 | -€22,231 | -66.7% |
| Turnover | 70 | €229,415 | €225,342 | -€4,073 | -1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €120,184 | €114,844 | -€5,340 | -4.4% |
| Remuneration, social security and pensions | 62 | €56,287 | €48,842 | -€7,445 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,344 | €57,880 | +€536 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,510 | - | -€7,510 | |
| Other operating charges | 640/8 | €6,507 | €3,680 | -€2,827 | -43.4% |
| Gross operating margin | 9900 | €123,938 | €122,226 | -€1,712 | -1.4% |
| Operating profit (loss) | 9901 | -€3,710 | €11,824 | +€15,534 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,440 | €8,844 | +€404 | +4.8% |
| Recurring financial charges | 65 | €8,440 | €8,844 | +€404 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,150 | €2,980 | +€15,130 | |
| Income taxes | 67/77 | - | €300 | +€300 | |
| Profit (loss) for the period | 9904 | -€12,150 | €2,680 | +€14,830 | |
| Transfer from tax-exempt reserves | 789 | €1,462 | €1,462 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,688 | €4,141 | +€14,829 |
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 5 October 2026 via checked.be.