GEORIS PROJECTS: what changed
What changed
GEORIS PROJECTS
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€16,013
2024 · €15,104+€908
Equity
€68,697
2024 · €52,684+€16,013
Cash
-
not filed
Balance sheet total
€457,764
2024 · €367,127+€90,637
Largest movements
Assets
- Receivables within one year +€66,799
up €66,799 (+45.6%), from €146,402 to €213,201
of which Trade receivables: +€86,968
- Stocks and contracts +€34,015
up €34,015 (+86.7%), from €39,231 to €73,246
- Tangible fixed assets -€12,884
down €12,884 (-8.2%), from €156,598 to €143,714
of which Land and buildings: -€8,132
Equity and liabilities
- Trade debts +€43,445
up €43,445 (+103%), from €42,154 to €85,599
- Other debts +€34,803
up €34,803 (+39.8%), from €87,520 to €122,323
- Tax, wage and social debts +€26,923
up €26,923 (+76.3%), from €35,268 to €62,191
of which Remuneration and social security: +€16,057
- Debts after one year -€18,635
down €18,635 (-20.2%), from €92,382 to €73,747
- Reserves +€16,013
up €16,013 (+47.0%), from €34,092 to €50,105
of which Distributable reserves: +€16,013
Income statement
- Gross operating margin +€51,198
up €51,198 (+21.7%), from €235,991 to €287,189
- Staff costs +€47,142
up €47,142 (+25.5%), from €184,972 to €232,114
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,104
Gross operating margin
+€51,198
Staff costs
-€47,142
Depreciation
-€1,264
Other operating charges
+€648
Financial income
+€205
Financial charges
-€125
Taxes
-€2,611
Result 2025
€16,013
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,127 | €457,764 | +€90,637 | +24.7% |
| Fixed assets | 21/28 | €169,417 | €156,533 | -€12,884 | -7.6% |
| Tangible fixed assets | 22/27 | €156,598 | €143,714 | -€12,884 | -8.2% |
| Land and buildings | 22 | €134,557 | €126,425 | -€8,132 | -6.0% |
| Plant, machinery and equipment | 23 | €16,181 | €13,826 | -€2,355 | -14.6% |
| Furniture and vehicles | 24 | €5,860 | €3,463 | -€2,397 | -40.9% |
| Financial fixed assets | 28 | €12,819 | €12,819 | = | 0.0% |
| Current assets | 29/58 | €197,710 | €301,231 | +€103,521 | +52.4% |
| Stocks and contracts in progress | 3 | €39,231 | €73,246 | +€34,015 | +86.7% |
| Stocks | 30/36 | €39,231 | €73,246 | +€34,015 | +86.7% |
| Amounts receivable within one year | 40/41 | €146,402 | €213,201 | +€66,799 | +45.6% |
| Trade receivables | 40 | €118,354 | €205,322 | +€86,968 | +73.5% |
| Other amounts receivable | 41 | €28,048 | €7,879 | -€20,169 | -71.9% |
| Deferred charges and accrued income | 490/1 | €12,077 | €14,785 | +€2,707 | +22.4% |
| Total equity and liabilities | 10/49 | €367,127 | €457,764 | +€90,637 | +24.7% |
| Equity | 10/15 | €52,684 | €68,697 | +€16,013 | +30.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,092 | €50,105 | +€16,013 | +47.0% |
| Non-distributable reserves | 130/1 | €1,847 | €1,847 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,847 | €1,847 | = | 0.0% |
| Distributable reserves | 133 | €32,246 | €48,258 | +€16,013 | +49.7% |
| Amounts payable | 17/49 | €314,442 | €389,067 | +€74,625 | +23.7% |
| Amounts payable after more than one year | 17 | €92,382 | €73,747 | -€18,635 | -20.2% |
| Financial debts | 170/4 | €92,382 | €73,747 | -€18,635 | -20.2% |
| Amounts payable within one year | 42/48 | €220,610 | €315,320 | +€94,710 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €23,296 | €18,635 | -€4,661 | -20.0% |
| Financial debts | 43 | €32,372 | €26,573 | -€5,800 | -17.9% |
| Credit institutions | 430/8 | €32,372 | €26,573 | -€5,800 | -17.9% |
| Trade debts | 44 | €42,154 | €85,599 | +€43,445 | +103% |
| Suppliers | 440/4 | €42,154 | €85,599 | +€43,445 | +103% |
| Taxes, remuneration and social security | 45 | €35,268 | €62,191 | +€26,923 | +76.3% |
| Taxes | 450/3 | €10,643 | €21,509 | +€10,866 | +102% |
| Remuneration and social security | 454/9 | €24,625 | €40,681 | +€16,057 | +65.2% |
| Other amounts payable | 47/48 | €87,520 | €122,323 | +€34,803 | +39.8% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €184,972 | €232,114 | +€47,142 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,396 | €17,660 | +€1,264 | +7.7% |
| Other operating charges | 640/8 | €2,952 | €2,304 | -€648 | -21.9% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €235,991 | €287,189 | +€51,198 | +21.7% |
| Operating profit (loss) | 9901 | €31,672 | €35,112 | +€3,440 | +10.9% |
| Financial income | 75/76B | €65 | €270 | +€205 | +315% |
| Recurring financial income | 75 | €65 | €270 | +€205 | +315% |
| Financial charges | 65/66B | €11,917 | €12,043 | +€125 | +1.1% |
| Recurring financial charges | 65 | €11,917 | €12,043 | +€125 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €19,819 | €23,339 | +€3,519 | +17.8% |
| Income taxes | 67/77 | €4,715 | €7,326 | +€2,611 | +55.4% |
| Profit (loss) for the period | 9904 | €15,104 | €16,013 | +€908 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,104 | €16,013 | +€908 | +6.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.