GEOPINION: 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.
GEOPINION
Largest movements
- Cash +€31,050
up €31,050 (+34.2%), from €90,794 to €121,844
mainly Depreciation (+€23,542) and Receivables within one year (+€8,282)
- Tangible fixed assets -€22,799
down €22,799 (-6.2%), from €367,224 to €344,425
of which Land and buildings: -€12,901
- Receivables within one year -€8,282
down €8,282 (-82.9%), from €9,990 to €1,708
of which Trade receivables: -€9,444
- Profit (loss) carried forward +€5,831
up €5,831 (+86.5%), from -€6,740 to -€909
- Gross operating margin +€23,960
up €23,960 (+99.9%), from €23,993 to €47,953
- Financial charges -€3,049
down €3,049 (-16.2%), from €18,836 to €15,787
- Financial income +€504
up €504 (+55.5%), from €907 to €1,411
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 | €470,508 | €470,476 | -€32 | 0.0% |
| Fixed assets | 21/28 | €367,224 | €344,425 | -€22,799 | -6.2% |
| Tangible fixed assets | 22/27 | €367,224 | €344,425 | -€22,799 | -6.2% |
| Land and buildings | 22 | €331,026 | €318,125 | -€12,901 | -3.9% |
| Furniture and vehicles | 24 | €36,198 | €26,300 | -€9,898 | -27.3% |
| Current assets | 29/58 | €103,284 | €126,052 | +€22,768 | +22.0% |
| Amounts receivable within one year | 40/41 | €9,990 | €1,708 | -€8,282 | -82.9% |
| Trade receivables | 40 | €9,990 | €546 | -€9,444 | -94.5% |
| Other amounts receivable | 41 | - | €1,162 | +€1,162 | |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,794 | €121,844 | +€31,050 | +34.2% |
| Total equity and liabilities | 10/49 | €470,508 | €470,476 | -€32 | 0.0% |
| Equity | 10/15 | €218,348 | €224,179 | +€5,831 | +2.7% |
| Contributions | 10/11 | €148,600 | €148,600 | = | 0.0% |
| Reserves | 13 | €76,489 | €76,489 | = | 0.0% |
| Distributable reserves | 133 | €76,489 | €76,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,740 | -€909 | +€5,831 | +86.5% |
| Amounts payable | 17/49 | €252,160 | €246,297 | -€5,862 | -2.3% |
| Amounts payable after more than one year | 17 | €3,711 | - | -€3,711 | |
| Financial debts | 170/4 | €3,711 | - | -€3,711 | |
| Amounts payable within one year | 42/48 | €248,448 | €246,297 | -€2,151 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €7,288 | €3,711 | -€3,576 | -49.1% |
| Trade debts | 44 | €119 | €157 | +€38 | +32.1% |
| Suppliers | 440/4 | €119 | €157 | +€38 | +32.1% |
| Taxes, remuneration and social security | 45 | €6,974 | €5,644 | -€1,330 | -19.1% |
| Taxes | 450/3 | €6,974 | €5,644 | -€1,330 | -19.1% |
| Other amounts payable | 47/48 | €234,068 | €236,784 | +€2,717 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,528 | €23,542 | +€14 | +0.1% |
| Other operating charges | 640/8 | €3,278 | €3,383 | +€104 | +3.2% |
| Gross operating margin | 9900 | €23,993 | €47,953 | +€23,960 | +99.9% |
| Operating profit (loss) | 9901 | -€2,814 | €21,028 | +€23,842 | |
| Financial income | 75/76B | €907 | €1,411 | +€504 | +55.5% |
| Recurring financial income | 75 | €907 | €1,411 | +€504 | +55.5% |
| Financial charges | 65/66B | €18,836 | €15,787 | -€3,049 | -16.2% |
| Recurring financial charges | 65 | €18,836 | €15,787 | -€3,049 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,743 | €6,651 | +€27,395 | |
| Income taxes | 67/77 | €857 | €820 | -€37 | -4.3% |
| Profit (loss) for the period | 9904 | -€21,600 | €5,831 | +€27,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,600 | €5,831 | +€27,431 |
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 26 October 2026 via checked.be.