GEOVISE: 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.
GEOVISE
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€89,659
down €89,659 (-49.3%), from €181,998 to €92,339
mainly Current investments (-€100,000) and Contributions, distributions and other (-€47,824)
- Tangible fixed assets -€9,376
down €9,376 (-17.0%), from €55,086 to €45,710
of which Land and buildings: -€8,000
- Receivables within one year -€7,940
down €7,940 (-20.0%), from €39,782 to €31,842
of which Trade receivables: -€9,654
- Reserves -€31,120
down €31,120 (-15.9%), from €195,755 to €164,635
- Other debts +€26,476
up €26,476 (+116%), from €22,773 to €49,249
- Gross operating margin -€17,720
down €17,720 (-32.2%), from €55,095 to €37,375
- Taxes -€4,710
down €4,710 (-40.3%), from €11,674 to €6,964
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 | €280,887 | €275,430 | -€5,457 | -1.9% |
| Fixed assets | 21/28 | €55,086 | €45,710 | -€9,376 | -17.0% |
| Tangible fixed assets | 22/27 | €55,086 | €45,710 | -€9,376 | -17.0% |
| Land and buildings | 22 | €41,355 | €33,355 | -€8,000 | -19.3% |
| Plant, machinery and equipment | 23 | - | €2,534 | +€2,534 | |
| Furniture and vehicles | 24 | €7,533 | €4,778 | -€2,756 | -36.6% |
| Other tangible fixed assets | 26 | €6,197 | €5,044 | -€1,154 | -18.6% |
| Current assets | 29/58 | €225,802 | €229,720 | +€3,918 | +1.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €39,782 | €31,842 | -€7,940 | -20.0% |
| Trade receivables | 40 | €39,782 | €30,128 | -€9,654 | -24.3% |
| Other amounts receivable | 41 | €0 | €1,715 | +€1,715 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €181,998 | €92,339 | -€89,659 | -49.3% |
| Deferred charges and accrued income | 490/1 | €4,021 | €5,539 | +€1,518 | +37.7% |
| Total equity and liabilities | 10/49 | €280,887 | €275,430 | -€5,457 | -1.9% |
| Equity | 10/15 | €245,474 | €214,354 | -€31,120 | -12.7% |
| Contributions | 10/11 | €44,200 | €44,200 | = | 0.0% |
| Reserves | 13 | €195,755 | €164,635 | -€31,120 | -15.9% |
| Distributable reserves | 133 | €195,755 | €164,635 | -€31,120 | -15.9% |
| Profit (loss) carried forward | 14 | €5,518 | €5,518 | = | 0.0% |
| Amounts payable | 17/49 | €35,414 | €61,077 | +€25,663 | +72.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,064 | €61,077 | +€27,013 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €692 | €0 | -€692 | -100% |
| Trade debts | 44 | €2,506 | €4,284 | +€1,779 | +71.0% |
| Suppliers | 440/4 | €2,506 | €4,284 | +€1,779 | +71.0% |
| Taxes, remuneration and social security | 45 | €8,094 | €7,544 | -€550 | -6.8% |
| Taxes | 450/3 | €8,094 | €7,544 | -€550 | -6.8% |
| Other amounts payable | 47/48 | €22,773 | €49,249 | +€26,476 | +116% |
| Accrued charges and deferred income | 492/3 | €1,349 | €0 | -€1,349 | -100% |
| Non-recurring operating income | 76A | - | €2,105 | +€2,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,704 | €12,643 | -€61 | -0.5% |
| Other operating charges | 640/8 | €1,466 | €1,416 | -€50 | -3.4% |
| Gross operating margin | 9900 | €55,095 | €37,375 | -€17,720 | -32.2% |
| Operating profit (loss) | 9901 | €40,924 | €23,316 | -€17,608 | -43.0% |
| Financial income | 75/76B | €766 | €791 | +€25 | +3.2% |
| Recurring financial income | 75 | €766 | €791 | +€25 | +3.2% |
| Financial charges | 65/66B | €338 | €439 | +€100 | +29.6% |
| Recurring financial charges | 65 | €338 | €439 | +€100 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €41,352 | €23,668 | -€17,684 | -42.8% |
| Income taxes | 67/77 | €11,674 | €6,964 | -€4,710 | -40.3% |
| Profit (loss) for the period | 9904 | €29,678 | €16,704 | -€12,974 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,678 | €16,704 | -€12,974 | -43.7% |
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 28 October 2026 via checked.be.