GEONEX: 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.
GEONEX
Largest movements
- Current investments -€2.3m
no longer reported in 2025 (was €2.3m)
- Receivables within one year +€2.0m
up €2.0m (+826.5%), from €246,419 to €2.3m
of which Other amounts receivable: +€2.1m
- Cash -€233,352
down €233,352 (-86.8%), from €268,877 to €35,524
mainly Receivables within one year (-€2.0m) and Contributions, distributions and other (-€900,000)
- Deferred charges and accrued income -€186,929
down €186,929 (-42.7%), from €438,210 to €251,281
- Other debts -€642,084
down €642,084 (-32.5%), from €2.0m to €1.3m
- Trade debts -€260,213
down €260,213 (-82.9%), from €313,959 to €53,746
- Tax, wage and social debts +€113,483
up €113,483 (+69.8%), from €162,522 to €276,005
of which Taxes: +€88,884
- Profit (loss) carried forward +€79,526
up €79,526 (+11.5%), from €691,255 to €770,781
- Gross operating margin -€912,341
down €912,341 (-27.0%), from €3.4m to €2.5m
- Taxes -€193,748
down €193,748 (-36.4%), from €532,690 to €338,942
- Other operating charges -€87,942
down €87,942 (-88.3%), from €99,549 to €11,608
- Financial income +€35,451
up €35,451 (+405.8%), from €8,736 to €44,186
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 | €3,315,949 | €2,601,813 | -€714,136 | -21.5% |
| Fixed assets | 21/28 | €58,658 | €31,954 | -€26,704 | -45.5% |
| Tangible fixed assets | 22/27 | €58,658 | €31,954 | -€26,704 | -45.5% |
| Plant, machinery and equipment | 23 | €10,257 | €6,769 | -€3,488 | -34.0% |
| Furniture and vehicles | 24 | €48,401 | €25,185 | -€23,215 | -48.0% |
| Current assets | 29/58 | €3,257,291 | €2,569,859 | -€687,432 | -21.1% |
| Amounts receivable within one year | 40/41 | €246,419 | €2,283,054 | +€2.0m | +826.5% |
| Trade receivables | 40 | €221,487 | €110,848 | -€110,639 | -50.0% |
| Other amounts receivable | 41 | €24,932 | €2,172,206 | +€2.1m | +8612.5% |
| Current investments | 50/53 | €2,303,785 | - | -€2.3m | |
| Cash at bank and in hand | 54/58 | €268,877 | €35,524 | -€233,352 | -86.8% |
| Deferred charges and accrued income | 490/1 | €438,210 | €251,281 | -€186,929 | -42.7% |
| Total equity and liabilities | 10/49 | €3,315,949 | €2,601,813 | -€714,136 | -21.5% |
| Equity | 10/15 | €759,455 | €838,981 | +€79,526 | +10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €691,255 | €770,781 | +€79,526 | +11.5% |
| Amounts payable | 17/49 | €2,556,494 | €1,762,832 | -€793,662 | -31.0% |
| Amounts payable within one year | 42/48 | €2,452,327 | €1,663,513 | -€788,814 | -32.2% |
| Trade debts | 44 | €313,959 | €53,746 | -€260,213 | -82.9% |
| Suppliers | 440/4 | €313,959 | €53,746 | -€260,213 | -82.9% |
| Taxes, remuneration and social security | 45 | €162,522 | €276,005 | +€113,483 | +69.8% |
| Taxes | 450/3 | €43,920 | €132,804 | +€88,884 | +202.4% |
| Remuneration and social security | 454/9 | €118,602 | €143,202 | +€24,599 | +20.7% |
| Other amounts payable | 47/48 | €1,975,846 | €1,333,761 | -€642,084 | -32.5% |
| Accrued charges and deferred income | 492/3 | €104,167 | €99,319 | -€4,848 | -4.7% |
| Non-recurring operating income | 76A | €723,501 | - | -€723,501 | |
| Remuneration, social security and pensions | 62 | €1,170,604 | €1,147,703 | -€22,901 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,802 | €28,146 | +€344 | +1.2% |
| Other operating charges | 640/8 | €99,549 | €11,608 | -€87,942 | -88.3% |
| Gross operating margin | 9900 | €3,375,769 | €2,463,428 | -€912,341 | -27.0% |
| Operating profit (loss) | 9901 | €2,077,815 | €1,275,972 | -€801,843 | -38.6% |
| Financial income | 75/76B | €8,736 | €44,186 | +€35,451 | +405.8% |
| Recurring financial income | 75 | €8,736 | €44,186 | +€35,451 | +405.8% |
| Financial charges | 65/66B | €7,822 | €1,691 | -€6,131 | -78.4% |
| Recurring financial charges | 65 | €7,822 | €1,691 | -€6,131 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €2,078,729 | €1,318,468 | -€760,261 | -36.6% |
| Income taxes | 67/77 | €532,690 | €338,942 | -€193,748 | -36.4% |
| Profit (loss) for the period | 9904 | €1,546,039 | €979,526 | -€566,513 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,546,039 | €979,526 | -€566,513 | -36.6% |
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.