GEOSEB SERVICES: 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.
GEOSEB SERVICES
Largest movements
- Receivables within one year -€19,881
down €19,881 (-99.1%), from €20,064 to €183
- Debts after one year -€48,490
down €48,490 (-37.1%), from €130,573 to €82,083
of which Other amounts payable: -€45,881
- Current portion of long-term debt -€30,296
no longer reported in 2025 (was €30,296)
- Reserves +€28,380
up €28,380 (+55.0%), from €51,620 to €80,000
of which Distributable reserves: +€40,000
- Other debts +€12,480
up €12,480 (+245%), from €5,101 to €17,581
- Contributions +€11,620
up €11,620 (+7.8%), from €148,736 to €160,356
- Gross operating margin -€37,678
down €37,678 (-24.7%), from €152,643 to €114,965
- Financial charges -€20,566
down €20,566 (-87.0%), from €23,641 to €3,075
- Staff costs -€4,762
down €4,762 (-7.1%), from €67,006 to €62,244
- Taxes +€2,944
up €2,944 (+44.8%), from €6,568 to €9,512
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.
Derived cash bridge
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 | €661,069 | €637,731 | -€23,338 | -3.5% |
| Fixed assets | 21/28 | €636,780 | €636,780 | = | 0.0% |
| Financial fixed assets | 28 | €636,780 | €636,780 | = | 0.0% |
| Current assets | 29/58 | €24,289 | €951 | -€23,338 | -96.1% |
| Amounts receivable within one year | 40/41 | €20,064 | €183 | -€19,881 | -99.1% |
| Trade receivables | 40 | €20,064 | €183 | -€19,881 | -99.1% |
| Cash at bank and in hand | 54/58 | €4,225 | €768 | -€3,457 | -81.8% |
| Total equity and liabilities | 10/49 | €661,069 | €637,731 | -€23,338 | -3.5% |
| Equity | 10/15 | €488,132 | €528,191 | +€40,059 | +8.2% |
| Contributions | 10/11 | €148,736 | €160,356 | +€11,620 | +7.8% |
| Reserves | 13 | €51,620 | €80,000 | +€28,380 | +55.0% |
| Non-distributable reserves | 130/1 | €11,620 | - | -€11,620 | |
| Reserves not available under the articles | 1311 | €11,620 | - | -€11,620 | |
| Distributable reserves | 133 | €40,000 | €80,000 | +€40,000 | +100% |
| Profit (loss) carried forward | 14 | €287,776 | €287,835 | +€59 | 0.0% |
| Amounts payable | 17/49 | €172,937 | €109,540 | -€63,397 | -36.7% |
| Amounts payable after more than one year | 17 | €130,573 | €82,083 | -€48,490 | -37.1% |
| Financial debts | 170/4 | €32,970 | €30,361 | -€2,609 | -7.9% |
| Other amounts payable | 178/9 | €97,603 | €51,722 | -€45,881 | -47.0% |
| Amounts payable within one year | 42/48 | €42,364 | €25,367 | -€16,997 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €30,296 | - | -€30,296 | |
| Trade debts | 44 | - | €1,270 | +€1,270 | |
| Suppliers | 440/4 | - | €1,270 | +€1,270 | |
| Taxes, remuneration and social security | 45 | €6,967 | €6,516 | -€451 | -6.5% |
| Taxes | 450/3 | €6,967 | €6,516 | -€451 | -6.5% |
| Other amounts payable | 47/48 | €5,101 | €17,581 | +€12,480 | +245% |
| Accrued charges and deferred income | 492/3 | - | €2,090 | +€2,090 | |
| Remuneration, social security and pensions | 62 | €67,006 | €62,244 | -€4,762 | -7.1% |
| Other operating charges | 640/8 | €42 | €75 | +€33 | +78.6% |
| Gross operating margin | 9900 | €152,643 | €114,965 | -€37,678 | -24.7% |
| Operating profit (loss) | 9901 | €85,595 | €52,646 | -€32,949 | -38.5% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €23,641 | €3,075 | -€20,566 | -87.0% |
| Recurring financial charges | 65 | €23,641 | €3,075 | -€20,566 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €61,958 | €49,571 | -€12,387 | -20.0% |
| Income taxes | 67/77 | €6,568 | €9,512 | +€2,944 | +44.8% |
| Profit (loss) for the period | 9904 | €55,390 | €40,059 | -€15,331 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,390 | €40,059 | -€15,331 | -27.7% |
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 17 October 2026 via checked.be.