GEORGETTE.BIO: 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.
GEORGETTE.BIO
Largest movements
- Tangible fixed assets -€12,473
down €12,473 (-38.8%), from €32,160 to €19,687
of which Furniture and vehicles: -€6,921
- Cash -€8,635
down €8,635 (-34.2%), from €25,248 to €16,613
mainly Net result for the year (-€26,815) and Current portion of long-term debt (-€4,153)
- Receivables within one year -€8,153
down €8,153 (-44.7%), from €18,228 to €10,075
of which Other amounts receivable: -€7,932
- Stocks and contracts -€6,058
down €6,058 (-9.3%), from €65,213 to €59,155
- Profit (loss) carried forward -€26,815
down €26,815, from €4,354 to -€22,461
- Current portion of long-term debt -€4,153
down €4,153 (-52.9%), from €7,852 to €3,699
- Debts after one year -€3,699
down €3,699 (-66.2%), from €5,591 to €1,892
- Accrued charges and deferred income +€3,449
up €3,449 (+208.9%), from €1,651 to €5,100
- Trade debts -€1,807
down €1,807 (-2.6%), from €69,655 to €67,848
- Gross operating margin -€17,396
down €17,396 (-11.2%), from €155,083 to €137,687
- Depreciation -€3,736
down €3,736 (-20.5%), from €18,237 to €14,501
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 | €146,874 | €112,551 | -€34,323 | -23.4% |
| Fixed assets | 21/28 | €32,365 | €19,891 | -€12,473 | -38.5% |
| Tangible fixed assets | 22/27 | €32,160 | €19,687 | -€12,473 | -38.8% |
| Plant, machinery and equipment | 23 | €12,039 | €10,138 | -€1,901 | -15.8% |
| Furniture and vehicles | 24 | €15,167 | €8,246 | -€6,921 | -45.6% |
| Other tangible fixed assets | 26 | €4,954 | €1,303 | -€3,651 | -73.7% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €114,509 | €92,660 | -€21,849 | -19.1% |
| Stocks and contracts in progress | 3 | €65,213 | €59,155 | -€6,058 | -9.3% |
| Stocks | 30/36 | €65,213 | €59,155 | -€6,058 | -9.3% |
| Amounts receivable within one year | 40/41 | €18,228 | €10,075 | -€8,153 | -44.7% |
| Trade receivables | 40 | €5,382 | €5,161 | -€221 | -4.1% |
| Other amounts receivable | 41 | €12,846 | €4,913 | -€7,932 | -61.8% |
| Cash at bank and in hand | 54/58 | €25,248 | €16,613 | -€8,635 | -34.2% |
| Deferred charges and accrued income | 490/1 | €5,820 | €6,817 | +€997 | +17.1% |
| Total equity and liabilities | 10/49 | €146,874 | €112,551 | -€34,323 | -23.4% |
| Equity | 10/15 | €32,994 | €4,555 | -€28,439 | -86.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,354 | -€22,461 | -€26,815 | |
| Investment grants | 15 | €4,640 | €3,016 | -€1,624 | -35.0% |
| Provisions and deferred taxes | 16 | €1,160 | €754 | -€406 | -35.0% |
| Deferred taxes | 168 | €1,160 | €754 | -€406 | -35.0% |
| Amounts payable | 17/49 | €112,720 | €107,242 | -€5,478 | -4.9% |
| Amounts payable after more than one year | 17 | €5,591 | €1,892 | -€3,699 | -66.2% |
| Financial debts | 170/4 | €5,591 | €1,892 | -€3,699 | -66.2% |
| Amounts payable within one year | 42/48 | €105,478 | €100,250 | -€5,228 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €7,852 | €3,699 | -€4,153 | -52.9% |
| Trade debts | 44 | €69,655 | €67,848 | -€1,807 | -2.6% |
| Suppliers | 440/4 | €69,655 | €67,848 | -€1,807 | -2.6% |
| Taxes, remuneration and social security | 45 | €26,284 | €27,016 | +€732 | +2.8% |
| Taxes | 450/3 | €2,198 | €1,953 | -€245 | -11.1% |
| Remuneration and social security | 454/9 | €24,086 | €25,063 | +€977 | +4.1% |
| Other amounts payable | 47/48 | €1,687 | €1,687 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,651 | €5,100 | +€3,449 | +208.9% |
| Remuneration, social security and pensions | 62 | €143,783 | €145,190 | +€1,406 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,237 | €14,501 | -€3,736 | -20.5% |
| Other operating charges | 640/8 | €1,794 | €1,941 | +€147 | +8.2% |
| Gross operating margin | 9900 | €155,083 | €137,687 | -€17,396 | -11.2% |
| Operating profit (loss) | 9901 | -€8,731 | -€23,945 | -€15,214 | -174.2% |
| Financial income | 75/76B | €1,668 | €1,770 | +€102 | +6.1% |
| Recurring financial income | 75 | €1,668 | €1,770 | +€102 | +6.1% |
| Financial charges | 65/66B | €4,280 | €4,720 | +€440 | +10.3% |
| Recurring financial charges | 65 | €4,280 | €4,720 | +€440 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,344 | -€26,896 | -€15,552 | -137.1% |
| Transfer from deferred taxes | 780 | €406 | €406 | = | 0.0% |
| Income taxes | 67/77 | €308 | €325 | +€17 | +5.6% |
| Profit (loss) for the period | 9904 | -€11,246 | -€26,815 | -€15,569 | -138.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,246 | -€26,815 | -€15,569 | -138.4% |
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 12 October 2026 via checked.be.