GEORGETTE: 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.
GEORGETTE
Largest movements
- Cash -€6,304
down €6,304 (-79.7%), from €7,914 to €1,610
mainly Debts after one year (-€7,843) and Net result for the year (-€3,988)
- Tangible fixed assets -€4,956
down €4,956 (-16.9%), from €29,300 to €24,344
of which Plant, machinery and equipment: -€4,601
- Receivables within one year +€2,803
up €2,803 (+96.1%), from €2,917 to €5,720
of which Trade receivables: +€2,803
- Stocks and contracts +€1,546
up €1,546 (+19.6%), from €7,869 to €9,415
- Debts after one year -€7,843
down €7,843 (-25.3%), from €31,013 to €23,170
- Profit (loss) carried forward -€3,988
down €3,988 (-34.2%), from -€11,664 to -€15,652
- Tax, wage and social debts +€3,010
up €3,010 (+46.7%), from €6,446 to €9,456
of which Remuneration and social security: +€4,126
- Trade debts +€1,790
up €1,790 (+378.7%), from €473 to €2,263
- Gross operating margin +€17,272
up €17,272, from -€3,822 to €13,450
- Staff costs -€4,259
down €4,259 (-41.7%), from €10,209 to €5,950
- Depreciation +€3,401
up €3,401 (+76.1%), from €4,468 to €7,869
- Financial charges -€2,659
down €2,659 (-64.2%), from €4,141 to €1,483
- Other operating charges +€645
up €645 (+43.3%), from €1,491 to €2,136
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 | €53,333 | €46,459 | -€6,873 | -12.9% |
| Fixed assets | 21/28 | €33,083 | €28,127 | -€4,956 | -15.0% |
| Tangible fixed assets | 22/27 | €29,300 | €24,344 | -€4,956 | -16.9% |
| Plant, machinery and equipment | 23 | €28,867 | €24,266 | -€4,601 | -15.9% |
| Furniture and vehicles | 24 | €432 | €78 | -€355 | -82.0% |
| Financial fixed assets | 28 | €3,783 | €3,783 | = | 0.0% |
| Current assets | 29/58 | €20,250 | €18,332 | -€1,918 | -9.5% |
| Stocks and contracts in progress | 3 | €7,869 | €9,415 | +€1,546 | +19.6% |
| Stocks | 30/36 | €7,869 | €9,415 | +€1,546 | +19.6% |
| Amounts receivable within one year | 40/41 | €2,917 | €5,720 | +€2,803 | +96.1% |
| Trade receivables | 40 | €2,917 | €5,720 | +€2,803 | +96.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,914 | €1,610 | -€6,304 | -79.7% |
| Deferred charges and accrued income | 490/1 | €1,550 | €1,588 | +€38 | +2.4% |
| Total equity and liabilities | 10/49 | €53,333 | €46,459 | -€6,873 | -12.9% |
| Equity | 10/15 | €6,336 | €2,348 | -€3,988 | -62.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,664 | -€15,652 | -€3,988 | -34.2% |
| Amounts payable | 17/49 | €46,997 | €44,111 | -€2,886 | -6.1% |
| Amounts payable after more than one year | 17 | €31,013 | €23,170 | -€7,843 | -25.3% |
| Financial debts | 170/4 | €31,013 | €23,170 | -€7,843 | -25.3% |
| Amounts payable within one year | 42/48 | €15,984 | €20,941 | +€4,957 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €8,686 | €8,843 | +€157 | +1.8% |
| Trade debts | 44 | €473 | €2,263 | +€1,790 | +378.7% |
| Suppliers | 440/4 | €473 | €2,263 | +€1,790 | +378.7% |
| Taxes, remuneration and social security | 45 | €6,446 | €9,456 | +€3,010 | +46.7% |
| Taxes | 450/3 | €5,676 | €4,560 | -€1,116 | -19.7% |
| Remuneration and social security | 454/9 | €770 | €4,896 | +€4,126 | +535.9% |
| Other amounts payable | 47/48 | €379 | €379 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €10,209 | €5,950 | -€4,259 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,468 | €7,869 | +€3,401 | +76.1% |
| Other operating charges | 640/8 | €1,491 | €2,136 | +€645 | +43.3% |
| Gross operating margin | 9900 | -€3,822 | €13,450 | +€17,272 | |
| Operating profit (loss) | 9901 | -€19,990 | -€2,505 | +€17,485 | +87.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,141 | €1,483 | -€2,659 | -64.2% |
| Recurring financial charges | 65 | €4,141 | €1,483 | -€2,659 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,131 | -€3,988 | +€20,144 | +83.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,131 | -€3,988 | +€20,144 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,131 | -€3,988 | +€20,144 | +83.5% |
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 6 October 2026 via checked.be.