GeoSquare Procurement: 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.
GeoSquare Procurement
Largest movements
- Receivables within one year -€4.6m
down €4.6m (-77.0%), from €6.0m to €1.4m
of which Other amounts receivable: -€5.0m
- Cash +€2.1m
up €2.1m (+461%), from €456,262 to €2.6m
mainly Receivables within one year (+€4.6m) and Net result for the year (+€2.1m)
- Financial fixed assets -€1.7m
down €1.7m (-32.4%), from €5.4m to €3.6m
- Deferred charges and accrued income +€188,576
up €188,576 (+2,529%), from €7,457 to €196,033
- Reserves -€2.7m
down €2.7m (-48.8%), from €5.4m to €2.8m
of which Distributable reserves: -€2.7m
- Trade debts -€1.4m
down €1.4m (-22.9%), from €5.9m to €4.6m
- Financial income -€1.4m
down €1.4m (-40.6%), from €3.3m to €2.0m
- Turnover -€696,083
down €696,083 (-6.7%), from €10.3m to €9.6m
- Purchases and services -€608,821
down €608,821 (-6.1%), from €10.0m to €9.4m
- Gross operating margin -€114,904
down €114,904 (-27.4%), from €419,428 to €304,524
- Other operating charges -€106,072
down €106,072 (-98.7%), from €107,446 to €1,375
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 | €11,848,544 | €7,770,420 | -€4.1m | -34.4% |
| Fixed assets | 21/28 | €5,373,299 | €3,634,205 | -€1.7m | -32.4% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €5,373,299 | €3,634,205 | -€1.7m | -32.4% |
| Current assets | 29/58 | €6,475,245 | €4,136,215 | -€2.3m | -36.1% |
| Amounts receivable within one year | 40/41 | €6,011,525 | €1,381,218 | -€4.6m | -77.0% |
| Trade receivables | 40 | €880,624 | €1,281,422 | +€400,798 | +45.5% |
| Other amounts receivable | 41 | €5,130,902 | €99,796 | -€5.0m | -98.1% |
| Cash at bank and in hand | 54/58 | €456,262 | €2,558,964 | +€2.1m | +461% |
| Deferred charges and accrued income | 490/1 | €7,457 | €196,033 | +€188,576 | +2,529% |
| Total equity and liabilities | 10/49 | €11,848,544 | €7,770,420 | -€4.1m | -34.4% |
| Equity | 10/15 | €5,665,757 | €3,007,376 | -€2.7m | -46.9% |
| Contributions | 10/11 | €217,000 | €217,000 | = | 0.0% |
| Capital | 10 | €217,000 | €217,000 | = | 0.0% |
| Issued capital | 100 | €217,000 | €217,000 | = | 0.0% |
| Reserves | 13 | €5,448,300 | €2,790,329 | -€2.7m | -48.8% |
| Non-distributable reserves | 130/1 | €21,700 | €21,700 | = | 0.0% |
| Legal reserve | 130 | €21,700 | €21,700 | = | 0.0% |
| Distributable reserves | 133 | €5,426,600 | €2,768,629 | -€2.7m | -49.0% |
| Profit (loss) carried forward | 14 | €457 | €48 | -€409 | -89.6% |
| Amounts payable | 17/49 | €6,182,788 | €4,763,044 | -€1.4m | -23.0% |
| Amounts payable after more than one year | 17 | €125,000 | €41,667 | -€83,333 | -66.7% |
| Financial debts | 170/4 | €125,000 | €41,667 | -€83,333 | -66.7% |
| Amounts payable within one year | 42/48 | €6,055,338 | €4,704,473 | -€1.4m | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €83,333 | = | 0.0% |
| Trade debts | 44 | €5,939,028 | €4,579,295 | -€1.4m | -22.9% |
| Suppliers | 440/4 | €5,939,028 | €4,579,295 | -€1.4m | -22.9% |
| Advances received on contracts in progress | 46 | €2,509 | €2,509 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,467 | €39,336 | +€8,869 | +29.1% |
| Taxes | 450/3 | €30,467 | €39,336 | +€8,869 | +29.1% |
| Accrued charges and deferred income | 492/3 | €2,450 | €16,905 | +€14,455 | +590% |
| Turnover | 70 | €10,323,351 | €9,627,268 | -€696,083 | -6.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,029,651 | €9,420,830 | -€608,821 | -6.1% |
| Remuneration, social security and pensions | 62 | €25 | €0 | -€25 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €0 | -€100 | -100% |
| Other operating charges | 640/8 | €107,446 | €1,375 | -€106,072 | -98.7% |
| Gross operating margin | 9900 | €419,428 | €304,524 | -€114,904 | -27.4% |
| Operating profit (loss) | 9901 | €311,857 | €303,150 | -€8,708 | -2.8% |
| Financial income | 75/76B | €3,346,988 | €1,989,719 | -€1.4m | -40.6% |
| Recurring financial income | 75 | €3,346,988 | €1,989,719 | -€1.4m | -40.6% |
| Financial charges | 65/66B | €14,937 | €26,281 | +€11,344 | +75.9% |
| Recurring financial charges | 65 | €14,937 | €26,281 | +€11,344 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | €3,643,908 | €2,266,588 | -€1.4m | -37.8% |
| Income taxes | 67/77 | €87,246 | €124,968 | +€37,723 | +43.2% |
| Profit (loss) for the period | 9904 | €3,556,663 | €2,141,619 | -€1.4m | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,556,663 | €2,141,619 | -€1.4m | -39.8% |
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 29 October 2026 via checked.be.