GEORKA: 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.
GEORKA
Largest movements
- Cash +€15,677
up €15,677 (+27.9%), from €56,228 to €71,905
mainly Net result for the year (+€11,896) and Depreciation (+€4,506)
- Tangible fixed assets -€4,506
down €4,506 (-25.9%), from €17,366 to €12,860
of which Land and buildings: -€4,257
- Receivables within one year -€2,198
down €2,198 (-88.4%), from €2,486 to €288
- Profit (loss) carried forward +€11,896
up €11,896 (+64.2%), from €18,544 to €30,440
- Other debts -€2,700
down €2,700 (-14.0%), from €19,292 to €16,592
- Gross operating margin +€2,722
up €2,722 (+14.3%), from €19,036 to €21,758
- Depreciation -€1,406
down €1,406 (-23.8%), from €5,913 to €4,506
- Taxes +€654
up €654 (+16.2%), from €4,035 to €4,689
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 | €76,080 | €85,053 | +€8,973 | +11.8% |
| Fixed assets | 21/28 | €17,366 | €12,860 | -€4,506 | -25.9% |
| Tangible fixed assets | 22/27 | €17,366 | €12,860 | -€4,506 | -25.9% |
| Land and buildings | 22 | €16,348 | €12,091 | -€4,257 | -26.0% |
| Plant, machinery and equipment | 23 | €1,018 | €769 | -€249 | -24.5% |
| Current assets | 29/58 | €58,714 | €72,193 | +€13,480 | +23.0% |
| Amounts receivable within one year | 40/41 | €2,486 | €288 | -€2,198 | -88.4% |
| Trade receivables | 40 | €2,486 | €288 | -€2,198 | -88.4% |
| Cash at bank and in hand | 54/58 | €56,228 | €71,905 | +€15,677 | +27.9% |
| Total equity and liabilities | 10/49 | €76,080 | €85,053 | +€8,973 | +11.8% |
| Equity | 10/15 | €41,855 | €53,752 | +€11,896 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,711 | €4,711 | = | 0.0% |
| Distributable reserves | 133 | €4,711 | €4,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,544 | €30,440 | +€11,896 | +64.2% |
| Amounts payable | 17/49 | €34,225 | €31,302 | -€2,923 | -8.5% |
| Amounts payable within one year | 42/48 | €34,225 | €31,302 | -€2,923 | -8.5% |
| Trade debts | 44 | €5,744 | €5,178 | -€566 | -9.9% |
| Suppliers | 440/4 | €5,744 | €5,178 | -€566 | -9.9% |
| Taxes, remuneration and social security | 45 | €9,189 | €9,532 | +€343 | +3.7% |
| Taxes | 450/3 | €9,189 | €9,532 | +€343 | +3.7% |
| Other amounts payable | 47/48 | €19,292 | €16,592 | -€2,700 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,913 | €4,506 | -€1,406 | -23.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €19,036 | €21,758 | +€2,722 | +14.3% |
| Operating profit (loss) | 9901 | €12,736 | €16,852 | +€4,115 | +32.3% |
| Financial income | 75/76B | €134 | €286 | +€152 | +113.8% |
| Recurring financial income | 75 | €134 | €286 | +€152 | +113.8% |
| Financial charges | 65/66B | €397 | €552 | +€155 | +39.1% |
| Recurring financial charges | 65 | €397 | €552 | +€155 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €12,473 | €16,585 | +€4,113 | +33.0% |
| Income taxes | 67/77 | €4,035 | €4,689 | +€654 | +16.2% |
| Profit (loss) for the period | 9904 | €8,438 | €11,896 | +€3,458 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,438 | €11,896 | +€3,458 | +41.0% |
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 11 October 2026 via checked.be.