GEORGETOWN: 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.
GEORGETOWN
Largest movements
- Cash -€52,062
down €52,062 (-54.3%), from €95,886 to €43,824
mainly Debts after one year (-€86,440) and Receivables within one year (-€31,947)
- Tangible fixed assets -€50,028
down €50,028 (-5.3%), from €939,266 to €889,238
of which Furniture and vehicles: -€26,382
- Receivables within one year +€31,947
new in 2025: €31,947
of which Trade receivables: +€23,908
- Debts after one year -€86,440
down €86,440 (-13.8%), from €628,476 to €542,036
- Reserves +€30,425
up €30,425 (+10.6%), from €288,332 to €318,757
- Tax, wage and social debts -€11,436
down €11,436 (-39.9%), from €28,628 to €17,192
- Gross operating margin -€17,156
down €17,156 (-10.7%), from €159,838 to €142,682
- Taxes -€6,066
down €6,066 (-25.8%), from €23,479 to €17,413
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 | €1,042,531 | €966,096 | -€76,436 | -7.3% |
| Fixed assets | 21/28 | €939,266 | €889,238 | -€50,028 | -5.3% |
| Tangible fixed assets | 22/27 | €939,266 | €889,238 | -€50,028 | -5.3% |
| Land and buildings | 22 | €829,430 | €805,784 | -€23,646 | -2.9% |
| Furniture and vehicles | 24 | €109,836 | €83,454 | -€26,382 | -24.0% |
| Current assets | 29/58 | €103,266 | €76,858 | -€26,408 | -25.6% |
| Amounts receivable within one year | 40/41 | - | €31,947 | +€31,947 | |
| Trade receivables | 40 | - | €23,908 | +€23,908 | |
| Other amounts receivable | 41 | - | €8,039 | +€8,039 | |
| Cash at bank and in hand | 54/58 | €95,886 | €43,824 | -€52,062 | -54.3% |
| Deferred charges and accrued income | 490/1 | €7,379 | €1,087 | -€6,292 | -85.3% |
| Total equity and liabilities | 10/49 | €1,042,531 | €966,096 | -€76,436 | -7.3% |
| Equity | 10/15 | €294,532 | €324,957 | +€30,425 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €288,332 | €318,757 | +€30,425 | +10.6% |
| Distributable reserves | 133 | €288,332 | €318,757 | +€30,425 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €748,000 | €641,139 | -€106,860 | -14.3% |
| Amounts payable after more than one year | 17 | €628,476 | €542,036 | -€86,440 | -13.8% |
| Financial debts | 170/4 | €628,476 | €542,036 | -€86,440 | -13.8% |
| Amounts payable within one year | 42/48 | €116,491 | €95,709 | -€20,782 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €70,051 | €71,440 | +€1,390 | +2.0% |
| Trade debts | 44 | €9,828 | €6,387 | -€3,441 | -35.0% |
| Suppliers | 440/4 | €9,828 | €6,387 | -€3,441 | -35.0% |
| Taxes, remuneration and social security | 45 | €28,628 | €17,192 | -€11,436 | -39.9% |
| Taxes | 450/3 | €28,628 | €17,192 | -€11,436 | -39.9% |
| Other amounts payable | 47/48 | €7,985 | €690 | -€7,295 | -91.4% |
| Accrued charges and deferred income | 492/3 | €3,032 | €3,394 | +€362 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,772 | €75,388 | +€616 | +0.8% |
| Other operating charges | 640/8 | €6,865 | €7,525 | +€660 | +9.6% |
| Non-recurring operating charges | 66A | €265 | €328 | +€63 | +23.8% |
| Gross operating margin | 9900 | €159,838 | €142,682 | -€17,156 | -10.7% |
| Operating profit (loss) | 9901 | €77,936 | €59,441 | -€18,495 | -23.7% |
| Financial income | 75/76B | €0 | €236 | +€236 | +49079.2% |
| Recurring financial income | 75 | €0 | €236 | +€236 | +49079.2% |
| Financial charges | 65/66B | €12,984 | €11,839 | -€1,145 | -8.8% |
| Recurring financial charges | 65 | €12,984 | €11,839 | -€1,145 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €64,953 | €47,838 | -€17,115 | -26.3% |
| Income taxes | 67/77 | €23,479 | €17,413 | -€6,066 | -25.8% |
| Profit (loss) for the period | 9904 | €41,474 | €30,425 | -€11,049 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,474 | €30,425 | -€11,049 | -26.6% |
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 5 October 2026 via checked.be.