GEONAM: 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.
GEONAM
Largest movements
- Receivables after one year -€17,261
down €17,261 (-100.0%), from €17,261 to €0
- Tangible fixed assets +€6,192
up €6,192 (+10.7%), from €57,656 to €63,848
of which Plant, machinery and equipment: +€5,385
- Cash +€3,041
up €3,041 (+49.1%), from €6,191 to €9,232
mainly Receivables after one year (+€17,261) and Depreciation (+€15,550)
- Receivables within one year +€2,012
up €2,012 (+11.3%), from €17,826 to €19,838
of which Trade receivables: +€3,167
- Deferred charges and accrued income -€1,887
down €1,887 (-28.5%), from €6,617 to €4,731
- Tax, wage and social debts -€13,871
down €13,871 (-72.0%), from €19,271 to €5,399
of which Remuneration and social security: -€15,334
- Trade debts +€9,082
up €9,082 (+181.0%), from €5,018 to €14,100
- Debts after one year -€2,041
down €2,041 (-4.6%), from €44,614 to €42,573
of which Financial debts: -€7,713
- Gross operating margin +€20,563
up €20,563 (+760.1%), from €2,705 to €23,268
- Depreciation +€7,371
up €7,371 (+90.1%), from €8,179 to €15,550
- Write-downs +€2,995
new in 2025: €2,995
- Financial income -€544
down €544 (-44.4%), from €1,225 to €680
- Financial charges +€425
up €425 (+9.5%), from €4,463 to €4,887
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 | €105,553 | €97,649 | -€7,903 | -7.5% |
| Fixed assets | 21/28 | €57,656 | €63,848 | +€6,192 | +10.7% |
| Tangible fixed assets | 22/27 | €57,656 | €63,848 | +€6,192 | +10.7% |
| Plant, machinery and equipment | 23 | €5,729 | €11,114 | +€5,385 | +94.0% |
| Furniture and vehicles | 24 | €13,034 | €16,342 | +€3,309 | +25.4% |
| Other tangible fixed assets | 26 | €38,894 | €36,392 | -€2,502 | -6.4% |
| Current assets | 29/58 | €47,896 | €33,801 | -€14,095 | -29.4% |
| Amounts receivable after more than one year | 29 | €17,261 | €0 | -€17,261 | -100.0% |
| Other amounts receivable | 291 | €17,261 | €0 | -€17,261 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,826 | €19,838 | +€2,012 | +11.3% |
| Trade receivables | 40 | €16,343 | €19,510 | +€3,167 | +19.4% |
| Other amounts receivable | 41 | €1,484 | €328 | -€1,156 | -77.9% |
| Cash at bank and in hand | 54/58 | €6,191 | €9,232 | +€3,041 | +49.1% |
| Deferred charges and accrued income | 490/1 | €6,617 | €4,731 | -€1,887 | -28.5% |
| Total equity and liabilities | 10/49 | €105,553 | €97,649 | -€7,903 | -7.5% |
| Equity | 10/15 | €28,095 | €27,756 | -€339 | -1.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,095 | €17,756 | -€339 | -1.9% |
| Amounts payable | 17/49 | €77,457 | €69,893 | -€7,564 | -9.8% |
| Amounts payable after more than one year | 17 | €44,614 | €42,573 | -€2,041 | -4.6% |
| Financial debts | 170/4 | €44,614 | €36,902 | -€7,713 | -17.3% |
| Other amounts payable | 178/9 | - | €5,672 | +€5,672 | |
| Amounts payable within one year | 42/48 | €32,843 | €27,320 | -€5,523 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €8,131 | €7,820 | -€311 | -3.8% |
| Trade debts | 44 | €5,018 | €14,100 | +€9,082 | +181.0% |
| Suppliers | 440/4 | €5,018 | €14,100 | +€9,082 | +181.0% |
| Advances received on contracts in progress | 46 | €424 | €0 | -€424 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,271 | €5,399 | -€13,871 | -72.0% |
| Taxes | 450/3 | €1,937 | €3,399 | +€1,463 | +75.5% |
| Remuneration and social security | 454/9 | €17,334 | €2,000 | -€15,334 | -88.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €424 | +€424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,179 | €15,550 | +€7,371 | +90.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,995 | +€2,995 | |
| Other operating charges | 640/8 | €613 | €702 | +€89 | +14.5% |
| Gross operating margin | 9900 | €2,705 | €23,268 | +€20,563 | +760.1% |
| Operating profit (loss) | 9901 | -€6,087 | €4,021 | +€10,108 | |
| Financial income | 75/76B | €1,225 | €680 | -€544 | -44.4% |
| Recurring financial income | 75 | €1,225 | €680 | -€544 | -44.4% |
| Financial charges | 65/66B | €4,463 | €4,887 | +€425 | +9.5% |
| Recurring financial charges | 65 | €4,463 | €4,887 | +€425 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,326 | -€186 | +€9,139 | +98.0% |
| Income taxes | 67/77 | €166 | €153 | -€13 | -7.8% |
| Profit (loss) for the period | 9904 | -€9,491 | -€339 | +€9,152 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,491 | -€339 | +€9,152 | +96.4% |
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 4 October 2026 via checked.be.