GEORAD TECHNOLOGY: 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.
GEORAD TECHNOLOGY
Largest movements
- Cash -€45
down €45 (-84.8%), from €53 to €8
mainly Other debts (-€94,548)
- Other debts -€94,548
down €94,548 (-52.9%), from €178,665 to €84,117
- Profit (loss) carried forward +€93,505
up €93,505 (+32.0%), from -€292,444 to -€198,939
- Trade debts +€998
up €998, from €0 to €998
- Gross operating margin +€94,907
up €94,907, from -€1,183 to €93,724
- Write-downs -€58,958
down €58,958 (-100%), from €58,958 to €0
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 | €53 | €8 | -€45 | -84.8% |
| Current assets | 29/58 | €53 | €8 | -€45 | -84.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53 | €8 | -€45 | -84.8% |
| Total equity and liabilities | 10/49 | €53 | €8 | -€45 | -84.8% |
| Equity | 10/15 | -€178,612 | -€85,107 | +€93,505 | +52.4% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €27,069 | €27,069 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,838 | €21,838 | = | 0.0% |
| Legal reserve | 130 | €5,925 | €5,925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,914 | €15,914 | = | 0.0% |
| Distributable reserves | 133 | €5,231 | €5,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,444 | -€198,939 | +€93,505 | +32.0% |
| Amounts payable | 17/49 | €178,665 | €85,115 | -€93,550 | -52.4% |
| Amounts payable within one year | 42/48 | €178,665 | €85,115 | -€93,550 | -52.4% |
| Trade debts | 44 | €0 | €998 | +€998 | |
| Suppliers | 440/4 | €0 | €998 | +€998 | |
| Other amounts payable | 47/48 | €178,665 | €84,117 | -€94,548 | -52.9% |
| Non-recurring operating income | 76A | - | €95,000 | +€95,000 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,958 | €0 | -€58,958 | -100% |
| Other operating charges | 640/8 | €118 | €174 | +€56 | +47.5% |
| Gross operating margin | 9900 | -€1,183 | €93,724 | +€94,907 | |
| Operating profit (loss) | 9901 | -€60,259 | €93,550 | +€153,809 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€60,302 | €93,505 | +€153,808 | |
| Profit (loss) for the period | 9904 | -€60,302 | €93,505 | +€153,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,302 | €93,505 | +€153,808 |
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 14 October 2026 via checked.be.