GEOSIM: 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.
GEOSIM
Largest movements
- Receivables within one year -€134,619
down €134,619 (-29.8%), from €452,395 to €317,776
of which Trade receivables: -€125,242
- Tangible fixed assets -€84,993
down €84,993 (-7.3%), from €1.2m to €1.1m
of which Land and buildings: -€51,252
- Stocks and contracts +€77,153
up €77,153 (+12.4%), from €622,145 to €699,298
- Reserves -€94,024
down €94,024 (-10.0%), from €939,022 to €844,998
of which Distributable reserves: -€94,024
- Tax, wage and social debts -€47,049
down €47,049 (-26.8%), from €175,614 to €128,565
of which Taxes: -€27,758
- Trade debts -€45,887
down €45,887 (-21.2%), from €216,087 to €170,200
- Short-term financial debts +€40,075
up €40,075 (+17.4%), from €230,184 to €270,259
of which Credit institutions: +€34,100
- Current portion of long-term debt -€25,264
down €25,264 (-16.1%), from €157,306 to €132,042
- Gross operating margin -€158,595
down €158,595 (-20.3%), from €783,110 to €624,515
- Staff costs -€49,417
down €49,417 (-17.5%), from €282,489 to €233,072
- Taxes -€39,772
down €39,772 (-38.5%), from €103,186 to €63,414
- Depreciation +€11,548
up €11,548 (+8.7%), from €133,231 to €144,779
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 | €2,466,504 | €2,315,377 | -€151,127 | -6.1% |
| Fixed assets | 21/28 | €1,351,295 | €1,242,400 | -€108,895 | -8.1% |
| Intangible fixed assets | 21 | €184,840 | €160,937 | -€23,903 | -12.9% |
| Tangible fixed assets | 22/27 | €1,166,455 | €1,081,463 | -€84,993 | -7.3% |
| Land and buildings | 22 | €1,016,029 | €964,777 | -€51,252 | -5.0% |
| Plant, machinery and equipment | 23 | €72,394 | €61,790 | -€10,604 | -14.6% |
| Furniture and vehicles | 24 | €78,033 | €54,896 | -€23,137 | -29.7% |
| Current assets | 29/58 | €1,115,209 | €1,072,977 | -€42,232 | -3.8% |
| Stocks and contracts in progress | 3 | €622,145 | €699,298 | +€77,153 | +12.4% |
| Stocks | 30/36 | €622,145 | €699,298 | +€77,153 | +12.4% |
| Amounts receivable within one year | 40/41 | €452,395 | €317,776 | -€134,619 | -29.8% |
| Trade receivables | 40 | €438,458 | €313,216 | -€125,242 | -28.6% |
| Other amounts receivable | 41 | €13,937 | €4,560 | -€9,377 | -67.3% |
| Cash at bank and in hand | 54/58 | €27,384 | €45,443 | +€18,059 | +65.9% |
| Deferred charges and accrued income | 490/1 | €13,284 | €10,459 | -€2,824 | -21.3% |
| Total equity and liabilities | 10/49 | €2,466,504 | €2,315,377 | -€151,127 | -6.1% |
| Equity | 10/15 | €957,622 | €863,598 | -€94,024 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €939,022 | €844,998 | -€94,024 | -10.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €929,522 | €835,498 | -€94,024 | -10.1% |
| Amounts payable | 17/49 | €1,508,882 | €1,451,779 | -€57,103 | -3.8% |
| Amounts payable after more than one year | 17 | €725,838 | €737,983 | +€12,145 | +1.7% |
| Financial debts | 170/4 | €725,838 | €737,983 | +€12,145 | +1.7% |
| Amounts payable within one year | 42/48 | €779,192 | €709,809 | -€69,383 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €157,306 | €132,042 | -€25,264 | -16.1% |
| Financial debts | 43 | €230,184 | €270,259 | +€40,075 | +17.4% |
| Credit institutions | 430/8 | €215,857 | €249,957 | +€34,100 | +15.8% |
| Other loans | 439 | €14,328 | €20,302 | +€5,975 | +41.7% |
| Trade debts | 44 | €216,087 | €170,200 | -€45,887 | -21.2% |
| Suppliers | 440/4 | €216,087 | €170,200 | -€45,887 | -21.2% |
| Taxes, remuneration and social security | 45 | €175,614 | €128,565 | -€47,049 | -26.8% |
| Taxes | 450/3 | €133,829 | €106,071 | -€27,758 | -20.7% |
| Remuneration and social security | 454/9 | €41,785 | €22,494 | -€19,291 | -46.2% |
| Other amounts payable | 47/48 | - | €8,742 | +€8,742 | |
| Accrued charges and deferred income | 492/3 | €3,852 | €3,987 | +€134 | +3.5% |
| Remuneration, social security and pensions | 62 | €282,489 | €233,072 | -€49,417 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,231 | €144,779 | +€11,548 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €993 | +€993 | |
| Other operating charges | 640/8 | €10,166 | €13,379 | +€3,213 | +31.6% |
| Non-recurring operating charges | 66A | €8,208 | - | -€8,208 | |
| Gross operating margin | 9900 | €783,110 | €624,515 | -€158,595 | -20.3% |
| Operating profit (loss) | 9901 | €349,016 | €232,292 | -€116,724 | -33.4% |
| Financial income | 75/76B | €7,780 | €5,874 | -€1,906 | -24.5% |
| Recurring financial income | 75 | €7,780 | €5,874 | -€1,906 | -24.5% |
| Financial charges | 65/66B | €43,848 | €43,776 | -€71 | -0.2% |
| Recurring financial charges | 65 | €43,848 | €43,776 | -€71 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €312,948 | €194,390 | -€118,558 | -37.9% |
| Income taxes | 67/77 | €103,186 | €63,414 | -€39,772 | -38.5% |
| Profit (loss) for the period | 9904 | €209,762 | €130,976 | -€78,786 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €209,762 | €130,976 | -€78,786 | -37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.