GEORGIE: 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.
GEORGIE
Largest movements
- Cash +€8,707
up €8,707 (+4.2%), from €207,630 to €216,338
mainly Net result for the year (+€95,389) and Depreciation (+€14,065)
- Reserves +€60,129
up €60,129 (+34.2%), from €175,756 to €235,885
- Other debts -€33,889
down €33,889 (-47.6%), from €71,173 to €37,284
- Contributions -€22,000
down €22,000 (-97.8%), from €22,500 to €500
- Tax, wage and social debts +€9,855
up €9,855 (+156.3%), from €6,304 to €16,160
- Gross operating margin +€8,057
up €8,057 (+5.5%), from €146,351 to €154,408
- Financial charges -€2,758
down €2,758 (-42.8%), from €6,438 to €3,680
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 | €285,371 | €297,317 | +€11,946 | +4.2% |
| Fixed assets | 21/28 | €63,228 | €65,917 | +€2,688 | +4.3% |
| Tangible fixed assets | 22/27 | €63,228 | €65,917 | +€2,688 | +4.3% |
| Land and buildings | 22 | €48,048 | €41,326 | -€6,722 | -14.0% |
| Plant, machinery and equipment | 23 | €11,881 | €8,177 | -€3,704 | -31.2% |
| Furniture and vehicles | 24 | €3,299 | €2,050 | -€1,248 | -37.8% |
| Other tangible fixed assets | 26 | - | €14,363 | +€14,363 | |
| Current assets | 29/58 | €222,143 | €231,401 | +€9,258 | +4.2% |
| Stocks and contracts in progress | 3 | €13,018 | €13,448 | +€430 | +3.3% |
| Stocks | 30/36 | €13,018 | €13,448 | +€430 | +3.3% |
| Amounts receivable within one year | 40/41 | €1,228 | €465 | -€763 | -62.2% |
| Trade receivables | 40 | €673 | €0 | -€673 | -100.0% |
| Other amounts receivable | 41 | €555 | €465 | -€90 | -16.3% |
| Cash at bank and in hand | 54/58 | €207,630 | €216,338 | +€8,707 | +4.2% |
| Deferred charges and accrued income | 490/1 | €266 | €1,151 | +€884 | +332.0% |
| Total equity and liabilities | 10/49 | €285,371 | €297,317 | +€11,946 | +4.2% |
| Equity | 10/15 | €198,256 | €236,385 | +€38,129 | +19.2% |
| Contributions | 10/11 | €22,500 | €500 | -€22,000 | -97.8% |
| Reserves | 13 | €175,756 | €235,885 | +€60,129 | +34.2% |
| Distributable reserves | 133 | €175,756 | €235,885 | +€60,129 | +34.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €87,115 | €60,932 | -€26,183 | -30.1% |
| Amounts payable within one year | 42/48 | €82,874 | €59,476 | -€23,398 | -28.2% |
| Financial debts | 43 | - | €194 | +€194 | |
| Credit institutions | 430/8 | - | €194 | +€194 | |
| Trade debts | 44 | €5,397 | €5,838 | +€441 | +8.2% |
| Suppliers | 440/4 | €5,397 | €5,838 | +€441 | +8.2% |
| Taxes, remuneration and social security | 45 | €6,304 | €16,160 | +€9,855 | +156.3% |
| Taxes | 450/3 | €6,304 | €16,160 | +€9,855 | +156.3% |
| Other amounts payable | 47/48 | €71,173 | €37,284 | -€33,889 | -47.6% |
| Accrued charges and deferred income | 492/3 | €4,241 | €1,456 | -€2,785 | -65.7% |
| Remuneration, social security and pensions | 62 | €223 | €0 | -€223 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,913 | €14,065 | +€1,152 | +8.9% |
| Other operating charges | 640/8 | €2,488 | €2,931 | +€443 | +17.8% |
| Non-recurring operating charges | 66A | €1,405 | €0 | -€1,405 | -100.0% |
| Gross operating margin | 9900 | €146,351 | €154,408 | +€8,057 | +5.5% |
| Operating profit (loss) | 9901 | €129,322 | €137,413 | +€8,090 | +6.3% |
| Financial income | 75/76B | €767 | €39 | -€728 | -94.9% |
| Recurring financial income | 75 | €767 | €39 | -€728 | -94.9% |
| Financial charges | 65/66B | €6,438 | €3,680 | -€2,758 | -42.8% |
| Recurring financial charges | 65 | €6,438 | €3,680 | -€2,758 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €123,651 | €133,772 | +€10,121 | +8.2% |
| Income taxes | 67/77 | €39,435 | €38,384 | -€1,051 | -2.7% |
| Profit (loss) for the period | 9904 | €84,217 | €95,389 | +€11,172 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,217 | €95,389 | +€11,172 | +13.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.