GEOMEX L-E: 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.
GEOMEX L-E
Largest movements
- Receivables within one year +€79,840
up €79,840 (+59.7%), from €133,642 to €213,483
of which Trade receivables: +€64,627
- Tangible fixed assets -€16,578
down €16,578 (-47.1%), from €35,231 to €18,653
of which Leasing and similar rights: -€9,254
- Cash +€16,103
up €16,103 (+3,774%), from €427 to €16,530
mainly Tax, wage and social debts (+€115,589) and Depreciation (+€16,578)
- Tax, wage and social debts +€115,589
up €115,589 (+67.6%), from €170,936 to €286,525
of which Taxes: +€90,698
- Profit (loss) carried forward -€28,130
down €28,130 (-17.3%), from -€162,670 to -€190,801
- Debts after one year -€16,912
down €16,912 (-84.6%), from €19,992 to €3,080
- Trade debts +€12,968
up €12,968 (+71.3%), from €18,199 to €31,167
- Accrued charges and deferred income -€2,615
down €2,615 (-26.0%), from €10,040 to €7,425
- Gross operating margin +€30,462
up €30,462 (+11.2%), from €271,514 to €301,975
- Staff costs -€23,112
down €23,112 (-7.8%), from €296,401 to €273,288
- Financial charges +€10,363
up €10,363 (+104%), from €9,997 to €20,360
- Write-downs +€4,208
new in 2025: €4,208
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 | €170,603 | €250,854 | +€80,251 | +47.0% |
| Fixed assets | 21/28 | €35,231 | €18,653 | -€16,578 | -47.1% |
| Tangible fixed assets | 22/27 | €35,231 | €18,653 | -€16,578 | -47.1% |
| Plant, machinery and equipment | 23 | €14,431 | €7,482 | -€6,949 | -48.2% |
| Furniture and vehicles | 24 | €750 | €375 | -€375 | -50.0% |
| Leasing and similar rights | 25 | €20,050 | €10,796 | -€9,254 | -46.2% |
| Current assets | 29/58 | €135,372 | €232,201 | +€96,829 | +71.5% |
| Amounts receivable within one year | 40/41 | €133,642 | €213,483 | +€79,840 | +59.7% |
| Trade receivables | 40 | €116,752 | €181,379 | +€64,627 | +55.4% |
| Other amounts receivable | 41 | €16,890 | €32,103 | +€15,214 | +90.1% |
| Cash at bank and in hand | 54/58 | €427 | €16,530 | +€16,103 | +3,774% |
| Deferred charges and accrued income | 490/1 | €1,303 | €2,188 | +€885 | +67.9% |
| Total equity and liabilities | 10/49 | €170,603 | €250,854 | +€80,251 | +47.0% |
| Equity | 10/15 | -€85,648 | -€113,779 | -€28,130 | -32.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €58,430 | €58,430 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,430 | €58,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,670 | -€190,801 | -€28,130 | -17.3% |
| Amounts payable | 17/49 | €256,251 | €364,633 | +€108,381 | +42.3% |
| Amounts payable after more than one year | 17 | €19,992 | €3,080 | -€16,912 | -84.6% |
| Financial debts | 170/4 | €19,992 | €3,080 | -€16,912 | -84.6% |
| Amounts payable within one year | 42/48 | €226,219 | €354,128 | +€127,908 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €15,330 | €16,912 | +€1,582 | +10.3% |
| Trade debts | 44 | €18,199 | €31,167 | +€12,968 | +71.3% |
| Suppliers | 440/4 | €18,199 | €31,167 | +€12,968 | +71.3% |
| Advances received on contracts in progress | 46 | €2,287 | €2,287 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €170,936 | €286,525 | +€115,589 | +67.6% |
| Taxes | 450/3 | €118,137 | €208,836 | +€90,698 | +76.8% |
| Remuneration and social security | 454/9 | €52,799 | €77,689 | +€24,891 | +47.1% |
| Other amounts payable | 47/48 | €19,467 | €17,236 | -€2,231 | -11.5% |
| Accrued charges and deferred income | 492/3 | €10,040 | €7,425 | -€2,615 | -26.0% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €296,401 | €273,288 | -€23,112 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,444 | €16,578 | +€134 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,208 | +€4,208 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €4,157 | €1,770 | -€2,387 | -57.4% |
| Non-recurring operating charges | 66A | €0 | €14,830 | +€14,830 | |
| Gross operating margin | 9900 | €271,514 | €301,975 | +€30,462 | +11.2% |
| Operating profit (loss) | 9901 | -€45,488 | -€8,698 | +€36,790 | +80.9% |
| Financial income | 75/76B | €1,453 | €1,339 | -€114 | -7.9% |
| Recurring financial income | 75 | €1,453 | €1,339 | -€114 | -7.9% |
| Financial charges | 65/66B | €9,997 | €20,360 | +€10,363 | +104% |
| Recurring financial charges | 65 | €9,997 | €20,360 | +€10,363 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€54,032 | -€27,719 | +€26,313 | +48.7% |
| Income taxes | 67/77 | €409 | €411 | +€2 | +0.6% |
| Profit (loss) for the period | 9904 | -€54,441 | -€28,130 | +€26,311 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,441 | -€28,130 | +€26,311 | +48.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.