Georis Construct: 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.
Georis Construct
Largest movements
- Tangible fixed assets -€14,731
down €14,731 (-10.2%), from €144,577 to €129,846
of which Land and buildings: -€12,610
- Cash -€10,344
down €10,344 (-38.9%), from €26,562 to €16,218
mainly Debts after one year (-€21,540) and Stocks and contracts (-€7,174)
- Stocks and contracts +€7,174
up €7,174 (+60.9%), from €11,770 to €18,944
of which Contracts in progress: +€7,984
- Receivables within one year +€4,768
up €4,768 (+5.7%), from €84,386 to €89,153
of which Trade receivables: +€3,822
- Deferred charges and accrued income -€2,948
down €2,948 (-36.7%), from €8,033 to €5,085
- Debts after one year -€21,540
no longer reported in 2024 (was €21,540)
- Short-term financial debts +€7,924
new in 2024: €7,924
- Trade debts -€6,692
down €6,692 (-68.2%), from €9,814 to €3,122
- Tax, wage and social debts +€4,449
up €4,449 (+344.1%), from €1,293 to €5,742
of which Remuneration and social security: +€4,400
- Other debts -€2,828
down €2,828 (-7.8%), from €36,031 to €33,203
- Gross operating margin +€27,578
up €27,578, from -€1,683 to €25,895
- Depreciation -€6,662
down €6,662 (-31.1%), from €21,393 to €14,731
- Financial charges -€665
down €665 (-22.0%), from €3,027 to €2,361
- Other operating charges -€394
down €394 (-5.7%), from €6,913 to €6,520
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,327 | €259,247 | -€16,080 | -5.8% |
| Fixed assets | 21/28 | €144,577 | €129,846 | -€14,731 | -10.2% |
| Tangible fixed assets | 22/27 | €144,577 | €129,846 | -€14,731 | -10.2% |
| Land and buildings | 22 | €138,226 | €125,617 | -€12,610 | -9.1% |
| Plant, machinery and equipment | 23 | €6,350 | €4,230 | -€2,121 | -33.4% |
| Current assets | 29/58 | €130,750 | €129,401 | -€1,350 | -1.0% |
| Stocks and contracts in progress | 3 | €11,770 | €18,944 | +€7,174 | +60.9% |
| Stocks | 30/36 | €11,770 | €10,960 | -€810 | -6.9% |
| Contracts in progress | 37 | - | €7,984 | +€7,984 | |
| Amounts receivable within one year | 40/41 | €84,386 | €89,153 | +€4,768 | +5.7% |
| Trade receivables | 40 | €62,219 | €66,041 | +€3,822 | +6.1% |
| Other amounts receivable | 41 | €22,167 | €23,112 | +€946 | +4.3% |
| Cash at bank and in hand | 54/58 | €26,562 | €16,218 | -€10,344 | -38.9% |
| Deferred charges and accrued income | 490/1 | €8,033 | €5,085 | -€2,948 | -36.7% |
| Total equity and liabilities | 10/49 | €275,327 | €259,247 | -€16,080 | -5.8% |
| Equity | 10/15 | €185,928 | €187,716 | +€1,788 | +1.0% |
| Contributions | 10/11 | €146,158 | €146,158 | = | 0.0% |
| Reserves | 13 | €85,744 | €85,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,444 | €20,444 | = | 0.0% |
| Distributable reserves | 133 | €63,300 | €63,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,974 | -€44,187 | +€1,788 | +3.9% |
| Amounts payable | 17/49 | €89,399 | €71,531 | -€17,868 | -20.0% |
| Amounts payable after more than one year | 17 | €21,540 | - | -€21,540 | |
| Financial debts | 170/4 | €21,540 | - | -€21,540 | |
| Amounts payable within one year | 42/48 | €67,859 | €71,531 | +€3,672 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €20,721 | €21,540 | +€820 | +4.0% |
| Financial debts | 43 | - | €7,924 | +€7,924 | |
| Credit institutions | 430/8 | - | €7,924 | +€7,924 | |
| Trade debts | 44 | €9,814 | €3,122 | -€6,692 | -68.2% |
| Suppliers | 440/4 | €9,814 | €3,122 | -€6,692 | -68.2% |
| Taxes, remuneration and social security | 45 | €1,293 | €5,742 | +€4,449 | +344.1% |
| Taxes | 450/3 | €1,293 | €1,342 | +€49 | +3.8% |
| Remuneration and social security | 454/9 | - | €4,400 | +€4,400 | |
| Other amounts payable | 47/48 | €36,031 | €33,203 | -€2,828 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,393 | €14,731 | -€6,662 | -31.1% |
| Other operating charges | 640/8 | €6,913 | €6,520 | -€394 | -5.7% |
| Gross operating margin | 9900 | -€1,683 | €25,895 | +€27,578 | |
| Operating profit (loss) | 9901 | -€29,989 | €4,645 | +€34,634 | |
| Financial income | 75/76B | €309 | €187 | -€121 | -39.3% |
| Recurring financial income | 75 | €309 | €187 | -€121 | -39.3% |
| Financial charges | 65/66B | €3,027 | €2,361 | -€665 | -22.0% |
| Recurring financial charges | 65 | €3,027 | €2,361 | -€665 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,707 | €2,471 | +€35,178 | |
| Income taxes | 67/77 | €662 | €684 | +€22 | +3.3% |
| Profit (loss) for the period | 9904 | -€33,369 | €1,788 | +€35,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,369 | €1,788 | +€35,157 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.