GEOSTED: 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.
GEOSTED
Largest movements
- Cash +€140,331
up €140,331 (+63.6%), from €220,636 to €360,967
mainly Net result for the year (+€394,691) and Other debts (+€172,011)
- Receivables within one year +€32,808
up €32,808 (+11.4%), from €286,976 to €319,784
of which Trade receivables: +€26,526
- Tangible fixed assets -€18,057
down €18,057 (-29.0%), from €62,232 to €44,175
of which Furniture and vehicles: -€13,242
- Other debts +€172,011
up €172,011 (+78.2%), from €220,000 to €392,011
- Trade debts -€24,753
down €24,753 (-60.8%), from €40,689 to €15,935
- Tax, wage and social debts +€16,676
up €16,676 (+15.7%), from €106,201 to €122,878
of which Taxes: +€35,825
- Debts after one year -€10,584
down €10,584 (-50.6%), from €20,917 to €10,332
- Staff costs -€96,922
down €96,922 (-14.9%), from €650,604 to €553,681
- Gross operating margin +€45,803
up €45,803 (+4.9%), from €939,674 to €985,477
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 | €572,312 | €727,094 | +€154,782 | +27.0% |
| Fixed assets | 21/28 | €62,232 | €44,175 | -€18,057 | -29.0% |
| Tangible fixed assets | 22/27 | €62,232 | €44,175 | -€18,057 | -29.0% |
| Plant, machinery and equipment | 23 | €6,806 | €1,991 | -€4,815 | -70.7% |
| Furniture and vehicles | 24 | €55,426 | €42,184 | -€13,242 | -23.9% |
| Current assets | 29/58 | €510,080 | €682,919 | +€172,839 | +33.9% |
| Amounts receivable within one year | 40/41 | €286,976 | €319,784 | +€32,808 | +11.4% |
| Trade receivables | 40 | €285,758 | €312,284 | +€26,526 | +9.3% |
| Other amounts receivable | 41 | €1,217 | €7,500 | +€6,282 | +516.1% |
| Cash at bank and in hand | 54/58 | €220,636 | €360,967 | +€140,331 | +63.6% |
| Deferred charges and accrued income | 490/1 | €2,468 | €2,168 | -€300 | -12.2% |
| Total equity and liabilities | 10/49 | €572,312 | €727,094 | +€154,782 | +27.0% |
| Equity | 10/15 | €170,215 | €174,906 | +€4,691 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,615 | €156,306 | +€4,691 | +3.1% |
| Distributable reserves | 133 | €151,615 | €156,306 | +€4,691 | +3.1% |
| Amounts payable | 17/49 | €402,097 | €552,189 | +€150,091 | +37.3% |
| Amounts payable after more than one year | 17 | €20,917 | €10,332 | -€10,584 | -50.6% |
| Financial debts | 170/4 | €20,917 | €10,332 | -€10,584 | -50.6% |
| Amounts payable within one year | 42/48 | €381,181 | €541,854 | +€160,674 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €14,291 | €11,030 | -€3,260 | -22.8% |
| Trade debts | 44 | €40,689 | €15,935 | -€24,753 | -60.8% |
| Suppliers | 440/4 | €40,689 | €15,935 | -€24,753 | -60.8% |
| Taxes, remuneration and social security | 45 | €106,201 | €122,878 | +€16,676 | +15.7% |
| Taxes | 450/3 | €13,150 | €48,976 | +€35,825 | +272.4% |
| Remuneration and social security | 454/9 | €93,051 | €73,902 | -€19,149 | -20.6% |
| Other amounts payable | 47/48 | €220,000 | €392,011 | +€172,011 | +78.2% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Remuneration, social security and pensions | 62 | €650,604 | €553,681 | -€96,922 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,221 | €23,375 | -€5,846 | -20.0% |
| Other operating charges | 640/8 | €734 | €674 | -€60 | -8.2% |
| Gross operating margin | 9900 | €939,674 | €985,477 | +€45,803 | +4.9% |
| Operating profit (loss) | 9901 | €259,115 | €407,746 | +€148,631 | +57.4% |
| Financial income | 75/76B | €300 | €1,009 | +€709 | +236.6% |
| Recurring financial income | 75 | €300 | €1,009 | +€709 | +236.6% |
| Financial charges | 65/66B | €1,389 | €1,395 | +€6 | +0.4% |
| Recurring financial charges | 65 | €1,389 | €1,395 | +€6 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €258,026 | €407,360 | +€149,334 | +57.9% |
| Income taxes | 67/77 | €17,305 | €12,669 | -€4,636 | -26.8% |
| Profit (loss) for the period | 9904 | €240,721 | €394,691 | +€153,970 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €240,721 | €394,691 | +€153,970 | +64.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.