GEORODE: 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.
GEORODE
Largest movements
- Cash +€68,664
up €68,664 (+168.4%), from €40,779 to €109,443
mainly Accrued charges and deferred income (+€23,100) and Net result for the year (+€19,150)
- Receivables within one year -€11,859
down €11,859 (-93.2%), from €12,730 to €871
of which Trade receivables: -€11,528
- Tangible fixed assets +€1,653
up €1,653 (+18.3%), from €9,020 to €10,673
of which Plant, machinery and equipment: +€4,804
- Accrued charges and deferred income +€23,100
new in 2025: €23,100
- Profit (loss) carried forward +€19,150
up €19,150 (+65.8%), from €29,105 to €48,255
- Tax, wage and social debts +€10,021
up €10,021 (+116.1%), from €8,635 to €18,656
of which Taxes: +€5,021
- Advances received +€9,900
new in 2025: €9,900
- Trade debts -€2,554
down €2,554 (-48.4%), from €5,277 to €2,723
- Gross operating margin -€2,668
down €2,668 (-7.8%), from €34,322 to €31,654
- Financial charges +€2,315
up €2,315 (+1289.5%), from €180 to €2,495
- Depreciation +€1,839
up €1,839 (+61.4%), from €2,994 to €4,833
- Taxes -€1,475
down €1,475 (-24.0%), from €6,135 to €4,660
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 | €62,529 | €120,988 | +€58,458 | +93.5% |
| Fixed assets | 21/28 | €9,020 | €10,673 | +€1,653 | +18.3% |
| Tangible fixed assets | 22/27 | €9,020 | €10,673 | +€1,653 | +18.3% |
| Plant, machinery and equipment | 23 | €2,706 | €7,511 | +€4,804 | +177.5% |
| Furniture and vehicles | 24 | €6,314 | €3,163 | -€3,151 | -49.9% |
| Current assets | 29/58 | €53,509 | €110,314 | +€56,805 | +106.2% |
| Amounts receivable within one year | 40/41 | €12,730 | €871 | -€11,859 | -93.2% |
| Trade receivables | 40 | €11,528 | €0 | -€11,528 | -100.0% |
| Other amounts receivable | 41 | €1,202 | €871 | -€331 | -27.5% |
| Cash at bank and in hand | 54/58 | €40,779 | €109,443 | +€68,664 | +168.4% |
| Total equity and liabilities | 10/49 | €62,529 | €120,988 | +€58,458 | +93.5% |
| Equity | 10/15 | €30,605 | €49,755 | +€19,150 | +62.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,105 | €48,255 | +€19,150 | +65.8% |
| Amounts payable | 17/49 | €31,924 | €71,232 | +€39,308 | +123.1% |
| Amounts payable within one year | 42/48 | €31,924 | €48,132 | +€16,208 | +50.8% |
| Trade debts | 44 | €5,277 | €2,723 | -€2,554 | -48.4% |
| Suppliers | 440/4 | €5,277 | €2,723 | -€2,554 | -48.4% |
| Advances received on contracts in progress | 46 | - | €9,900 | +€9,900 | |
| Taxes, remuneration and social security | 45 | €8,635 | €18,656 | +€10,021 | +116.1% |
| Taxes | 450/3 | €6,135 | €11,156 | +€5,021 | +81.9% |
| Remuneration and social security | 454/9 | €2,500 | €7,500 | +€5,000 | +200.0% |
| Other amounts payable | 47/48 | €18,012 | €16,853 | -€1,159 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €23,100 | +€23,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,994 | €4,833 | +€1,839 | +61.4% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €34,322 | €31,654 | -€2,668 | -7.8% |
| Operating profit (loss) | 9901 | €30,720 | €26,201 | -€4,520 | -14.7% |
| Financial income | 75/76B | €0 | €104 | +€104 | |
| Recurring financial income | 75 | €0 | €104 | +€104 | |
| Financial charges | 65/66B | €180 | €2,495 | +€2,315 | +1289.5% |
| Recurring financial charges | 65 | €180 | €2,495 | +€2,315 | +1289.5% |
| Profit (loss) for the period before taxes | 9903 | €30,541 | €23,810 | -€6,731 | -22.0% |
| Income taxes | 67/77 | €6,135 | €4,660 | -€1,475 | -24.0% |
| Profit (loss) for the period | 9904 | €24,406 | €19,150 | -€5,256 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,406 | €19,150 | -€5,256 | -21.5% |
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 9 October 2026 via checked.be.