GEOSTRAINING: 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.
GEOSTRAINING
Largest movements
- Tangible fixed assets -€18,095
down €18,095 (-9.9%), from €182,202 to €164,107
- Cash -€7,940
down €7,940 (-15.7%), from €50,661 to €42,721
mainly Contributions, distributions and other (-€18,251) and Debts after one year (-€11,693)
- Receivables within one year +€4,230
up €4,230 (+49.4%), from €8,564 to €12,793
of which Other amounts receivable: +€2,784
- Debts after one year -€11,693
down €11,693 (-8.1%), from €144,658 to €132,964
- Profit (loss) carried forward -€10,100
down €10,100 (-55.3%), from €18,251 to €8,151
- Other debts +€7,421
up €7,421 (+31.2%), from €23,804 to €31,224
- Current portion of long-term debt -€6,582
down €6,582 (-36.0%), from €18,275 to €11,693
- Gross operating margin -€18,221
down €18,221 (-35.0%), from €52,129 to €33,908
- Depreciation -€8,162
down €8,162 (-31.1%), from €26,257 to €18,095
- Financial charges -€815
down €815 (-15.9%), from €5,134 to €4,319
- Other operating charges +€666
up €666 (+27.0%), from €2,462 to €3,127
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 | €242,945 | €220,331 | -€22,613 | -9.3% |
| Fixed assets | 21/28 | €182,202 | €164,107 | -€18,095 | -9.9% |
| Tangible fixed assets | 22/27 | €182,202 | €164,107 | -€18,095 | -9.9% |
| Land and buildings | 22 | €113,118 | €106,347 | -€6,771 | -6.0% |
| Plant, machinery and equipment | 23 | €59,882 | €51,104 | -€8,778 | -14.7% |
| Furniture and vehicles | 24 | €3,787 | €2,383 | -€1,404 | -37.1% |
| Other tangible fixed assets | 26 | €5,415 | €4,274 | -€1,142 | -21.1% |
| Current assets | 29/58 | €60,743 | €56,224 | -€4,518 | -7.4% |
| Amounts receivable within one year | 40/41 | €8,564 | €12,793 | +€4,230 | +49.4% |
| Trade receivables | 40 | €8,564 | €10,009 | +€1,445 | +16.9% |
| Other amounts receivable | 41 | - | €2,784 | +€2,784 | |
| Cash at bank and in hand | 54/58 | €50,661 | €42,721 | -€7,940 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,518 | €710 | -€808 | -53.2% |
| Total equity and liabilities | 10/49 | €242,945 | €220,331 | -€22,613 | -9.3% |
| Equity | 10/15 | €38,251 | €28,151 | -€10,100 | -26.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,251 | €8,151 | -€10,100 | -55.3% |
| Amounts payable | 17/49 | €204,693 | €192,180 | -€12,513 | -6.1% |
| Amounts payable after more than one year | 17 | €144,658 | €132,964 | -€11,693 | -8.1% |
| Financial debts | 170/4 | €144,658 | €132,964 | -€11,693 | -8.1% |
| Amounts payable within one year | 42/48 | €59,636 | €59,216 | -€420 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €18,275 | €11,693 | -€6,582 | -36.0% |
| Trade debts | 44 | €10,327 | €10,556 | +€229 | +2.2% |
| Suppliers | 440/4 | €10,327 | €10,556 | +€229 | +2.2% |
| Taxes, remuneration and social security | 45 | €7,229 | €5,742 | -€1,488 | -20.6% |
| Taxes | 450/3 | €7,229 | €5,742 | -€1,488 | -20.6% |
| Other amounts payable | 47/48 | €23,804 | €31,224 | +€7,421 | +31.2% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,257 | €18,095 | -€8,162 | -31.1% |
| Other operating charges | 640/8 | €2,462 | €3,127 | +€666 | +27.0% |
| Gross operating margin | 9900 | €52,129 | €33,908 | -€18,221 | -35.0% |
| Operating profit (loss) | 9901 | €23,410 | €12,686 | -€10,724 | -45.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €5,134 | €4,319 | -€815 | -15.9% |
| Recurring financial charges | 65 | €5,134 | €4,319 | -€815 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €18,276 | €8,367 | -€9,909 | -54.2% |
| Income taxes | 67/77 | €25 | €216 | +€191 | +775.0% |
| Profit (loss) for the period | 9904 | €18,251 | €8,151 | -€10,100 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,251 | €8,151 | -€10,100 | -55.3% |
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 7 October 2026 via checked.be.