GEOVAN: 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.
GEOVAN
Largest movements
- Receivables within one year +€18,072
up €18,072 (+25.2%), from €71,831 to €89,903
of which Other amounts receivable: +€10,318
- Cash -€10,248
down €10,248 (-38.4%), from €26,657 to €16,409
mainly Receivables within one year (-€18,072) and Short-term financial debts (-€3,463)
- Tangible fixed assets -€4,015
down €4,015 (-32.8%), from €12,249 to €8,234
of which Furniture and vehicles: -€3,687
- Deferred charges and accrued income +€1,443
new in 2025: €1,443
- Reserves +€6,686
up €6,686 (+8.1%), from €82,535 to €89,221
- Short-term financial debts -€3,463
down €3,463 (-34.6%), from €10,000 to €6,537
- Trade debts +€1,355
up €1,355 (+45.3%), from €2,989 to €4,344
- Gross operating margin -€4,184
down €4,184 (-21.6%), from €19,336 to €15,152
- Taxes -€1,384
down €1,384 (-21.5%), from €6,435 to €5,051
- Depreciation +€862
up €862 (+27.3%), from €3,154 to €4,015
- Other operating charges -€548
down €548 (-32.5%), from €1,689 to €1,141
- Financial income +€343
up €343 (+15.9%), from €2,163 to €2,507
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 | €110,738 | €115,988 | +€5,250 | +4.7% |
| Fixed assets | 21/28 | €12,249 | €8,234 | -€4,015 | -32.8% |
| Tangible fixed assets | 22/27 | €12,249 | €8,234 | -€4,015 | -32.8% |
| Plant, machinery and equipment | 23 | €671 | €343 | -€328 | -48.9% |
| Furniture and vehicles | 24 | €11,578 | €7,891 | -€3,687 | -31.8% |
| Current assets | 29/58 | €98,489 | €107,755 | +€9,266 | +9.4% |
| Amounts receivable within one year | 40/41 | €71,831 | €89,903 | +€18,072 | +25.2% |
| Trade receivables | 40 | €29,978 | €37,731 | +€7,754 | +25.9% |
| Other amounts receivable | 41 | €41,854 | €52,172 | +€10,318 | +24.7% |
| Cash at bank and in hand | 54/58 | €26,657 | €16,409 | -€10,248 | -38.4% |
| Deferred charges and accrued income | 490/1 | - | €1,443 | +€1,443 | |
| Total equity and liabilities | 10/49 | €110,738 | €115,988 | +€5,250 | +4.7% |
| Equity | 10/15 | €90,595 | €97,281 | +€6,686 | +7.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €82,535 | €89,221 | +€6,686 | +8.1% |
| Distributable reserves | 133 | €82,535 | €89,221 | +€6,686 | +8.1% |
| Amounts payable | 17/49 | €20,143 | €18,707 | -€1,436 | -7.1% |
| Amounts payable within one year | 42/48 | €20,143 | €18,707 | -€1,436 | -7.1% |
| Financial debts | 43 | €10,000 | €6,537 | -€3,463 | -34.6% |
| Credit institutions | 430/8 | €10,000 | €6,537 | -€3,463 | -34.6% |
| Trade debts | 44 | €2,989 | €4,344 | +€1,355 | +45.3% |
| Suppliers | 440/4 | €2,989 | €4,344 | +€1,355 | +45.3% |
| Taxes, remuneration and social security | 45 | €7,154 | €7,826 | +€672 | +9.4% |
| Taxes | 450/3 | €7,154 | €7,826 | +€672 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,154 | €4,015 | +€862 | +27.3% |
| Other operating charges | 640/8 | €1,689 | €1,141 | -€548 | -32.5% |
| Gross operating margin | 9900 | €19,336 | €15,152 | -€4,184 | -21.6% |
| Operating profit (loss) | 9901 | €14,494 | €9,996 | -€4,497 | -31.0% |
| Financial income | 75/76B | €2,163 | €2,507 | +€343 | +15.9% |
| Recurring financial income | 75 | €2,163 | €2,507 | +€343 | +15.9% |
| Financial charges | 65/66B | €708 | €766 | +€58 | +8.2% |
| Recurring financial charges | 65 | €708 | €766 | +€58 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €15,950 | €11,737 | -€4,212 | -26.4% |
| Income taxes | 67/77 | €6,435 | €5,051 | -€1,384 | -21.5% |
| Profit (loss) for the period | 9904 | €9,515 | €6,686 | -€2,828 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,515 | €6,686 | -€2,828 | -29.7% |
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 16 October 2026 via checked.be.