GeOpus: what changed
GeOpus
Largest movements
- Cash +€102,969
up €102,969 (+173%), from €59,655 to €162,624
mainly Current investments (+€80,320) and Net result for the year (+€35,695)
- Current investments -€80,320
no longer reported in 2025 (was €80,320)
- Receivables within one year -€14,394
down €14,394 (-53.7%), from €26,816 to €12,422
of which Other amounts receivable: -€7,300
- Tangible fixed assets -€13,899
down €13,899 (-26.2%), from €53,048 to €39,149
of which Furniture and vehicles: -€13,514
- Stocks and contracts +€2,336
up €2,336 (+19.1%), from €12,205 to €14,541
- Tax, wage and social debts -€14,814
down €14,814 (-48.0%), from €30,890 to €16,076
of which Remuneration and social security: -€14,660
- Other debts +€7,485
up €7,485 (+20.2%), from €37,093 to €44,578
- Reserves +€3,085
up €3,085 (+2.3%), from €131,815 to €134,900
of which Distributable reserves: +€5,485
- Gross operating margin +€25,089
up €25,089 (+55.8%), from €44,938 to €70,027
- Taxes +€5,758
up €5,758 (+67.4%), from €8,539 to €14,297
- Depreciation +€4,509
up €4,509 (+37.0%), from €12,188 to €16,697
- Financial charges +€1,928
up €1,928 (+2,191%), from €88 to €2,016
of which Non-recurring financial charges: +€1,440
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,005 | €229,746 | -€3,259 | -1.4% |
| Fixed assets | 21/28 | €53,048 | €39,149 | -€13,899 | -26.2% |
| Tangible fixed assets | 22/27 | €53,048 | €39,149 | -€13,899 | -26.2% |
| Plant, machinery and equipment | 23 | €2,662 | €2,956 | +€294 | +11.0% |
| Furniture and vehicles | 24 | €44,882 | €31,368 | -€13,514 | -30.1% |
| Other tangible fixed assets | 26 | €5,504 | €4,825 | -€679 | -12.3% |
| Current assets | 29/58 | €179,957 | €190,597 | +€10,640 | +5.9% |
| Stocks and contracts in progress | 3 | €12,205 | €14,541 | +€2,336 | +19.1% |
| Stocks | 30/36 | €12,205 | €14,541 | +€2,336 | +19.1% |
| Amounts receivable within one year | 40/41 | €26,816 | €12,422 | -€14,394 | -53.7% |
| Trade receivables | 40 | €17,016 | €9,922 | -€7,094 | -41.7% |
| Other amounts receivable | 41 | €9,800 | €2,500 | -€7,300 | -74.5% |
| Current investments | 50/53 | €80,320 | - | -€80,320 | |
| Cash at bank and in hand | 54/58 | €59,655 | €162,624 | +€102,969 | +173% |
| Deferred charges and accrued income | 490/1 | €961 | €1,010 | +€49 | +5.1% |
| Total equity and liabilities | 10/49 | €233,005 | €229,746 | -€3,259 | -1.4% |
| Equity | 10/15 | €162,784 | €165,869 | +€3,085 | +1.9% |
| Contributions | 10/11 | €30,969 | €30,969 | = | 0.0% |
| Reserves | 13 | €131,815 | €134,900 | +€3,085 | +2.3% |
| Non-distributable reserves | 130/1 | €3,097 | €3,097 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,097 | €3,097 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,644 | €9,244 | -€2,400 | -20.6% |
| Distributable reserves | 133 | €117,074 | €122,559 | +€5,485 | +4.7% |
| Amounts payable | 17/49 | €70,221 | €63,877 | -€6,344 | -9.0% |
| Amounts payable within one year | 42/48 | €68,771 | €60,827 | -€7,944 | -11.6% |
| Trade debts | 44 | €788 | €173 | -€615 | -78.0% |
| Suppliers | 440/4 | €788 | €173 | -€615 | -78.0% |
| Taxes, remuneration and social security | 45 | €30,890 | €16,076 | -€14,814 | -48.0% |
| Taxes | 450/3 | €10,730 | €10,576 | -€154 | -1.4% |
| Remuneration and social security | 454/9 | €20,160 | €5,500 | -€14,660 | -72.7% |
| Other amounts payable | 47/48 | €37,093 | €44,578 | +€7,485 | +20.2% |
| Accrued charges and deferred income | 492/3 | €1,450 | €3,050 | +€1,600 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,188 | €16,697 | +€4,509 | +37.0% |
| Other operating charges | 640/8 | €2,182 | €1,965 | -€217 | -9.9% |
| Gross operating margin | 9900 | €44,938 | €70,027 | +€25,089 | +55.8% |
| Operating profit (loss) | 9901 | €30,568 | €51,365 | +€20,797 | +68.0% |
| Financial income | 75/76B | €559 | €643 | +€84 | +15.0% |
| Recurring financial income | 75 | €559 | €643 | +€84 | +15.0% |
| Financial charges | 65/66B | €88 | €2,016 | +€1,928 | +2,191% |
| Recurring financial charges | 65 | €88 | €488 | +€400 | +455% |
| Non-recurring financial charges | 66B | €88 | €1,528 | +€1,440 | +1,636% |
| Profit (loss) for the period before taxes | 9903 | €31,039 | €49,992 | +€18,953 | +61.1% |
| Income taxes | 67/77 | €8,539 | €14,297 | +€5,758 | +67.4% |
| Profit (loss) for the period | 9904 | €22,500 | €35,695 | +€13,195 | +58.6% |
| Transfer from tax-exempt reserves | 789 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,900 | €38,095 | +€13,195 | +53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.