GEOXPERT: 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.
GEOXPERT
Largest movements
- Cash +€23,345
up €23,345 (+24.9%), from €93,668 to €117,013
mainly Other debts (+€84,691) and Tax, wage and social debts (+€21,642)
- Tangible fixed assets -€2,837
down €2,837 (-24.8%), from €11,447 to €8,610
of which Furniture and vehicles: -€2,503
- Receivables within one year -€1,907
down €1,907 (-16.4%), from €11,636 to €9,729
of which Other amounts receivable: -€6,119
- Profit (loss) carried forward -€93,203
down €93,203 (-82.0%), from €113,658 to €20,455
- Other debts +€84,691
up €84,691 (+27399.2%), from €309 to €85,000
- Tax, wage and social debts +€21,642
new in 2025: €21,642
- Advances received +€4,973
new in 2025: €4,973
- Gross operating margin -€11,212
down €11,212 (-35.9%), from €31,203 to €19,990
- Taxes -€4,493
down €4,493 (-41.2%), from €10,900 to €6,407
- Depreciation +€2,249
up €2,249 (+95.2%), from €2,363 to €4,613
- Other operating charges -€1,731
down €1,731 (-46.4%), from €3,729 to €1,998
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 | €116,750 | €135,625 | +€18,875 | +16.2% |
| Fixed assets | 21/28 | €11,447 | €8,610 | -€2,837 | -24.8% |
| Tangible fixed assets | 22/27 | €11,447 | €8,610 | -€2,837 | -24.8% |
| Plant, machinery and equipment | 23 | €830 | €496 | -€333 | -40.2% |
| Furniture and vehicles | 24 | €10,617 | €8,114 | -€2,503 | -23.6% |
| Current assets | 29/58 | €105,303 | €127,015 | +€21,712 | +20.6% |
| Amounts receivable within one year | 40/41 | €11,636 | €9,729 | -€1,907 | -16.4% |
| Trade receivables | 40 | €1,028 | €5,241 | +€4,213 | +409.6% |
| Other amounts receivable | 41 | €10,607 | €4,488 | -€6,119 | -57.7% |
| Cash at bank and in hand | 54/58 | €93,668 | €117,013 | +€23,345 | +24.9% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €116,750 | €135,625 | +€18,875 | +16.2% |
| Equity | 10/15 | €115,758 | €22,555 | -€93,203 | -80.5% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,658 | €20,455 | -€93,203 | -82.0% |
| Amounts payable | 17/49 | €992 | €113,070 | +€112,078 | +11300.5% |
| Amounts payable within one year | 42/48 | €992 | €113,070 | +€112,078 | +11300.5% |
| Trade debts | 44 | €683 | €1,455 | +€773 | +113.2% |
| Suppliers | 440/4 | €683 | €1,455 | +€773 | +113.2% |
| Advances received on contracts in progress | 46 | - | €4,973 | +€4,973 | |
| Taxes, remuneration and social security | 45 | - | €21,642 | +€21,642 | |
| Taxes | 450/3 | - | €21,642 | +€21,642 | |
| Other amounts payable | 47/48 | €309 | €85,000 | +€84,691 | +27399.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,363 | €4,613 | +€2,249 | +95.2% |
| Other operating charges | 640/8 | €3,729 | €1,998 | -€1,731 | -46.4% |
| Gross operating margin | 9900 | €31,203 | €19,990 | -€11,212 | -35.9% |
| Operating profit (loss) | 9901 | €25,110 | €13,379 | -€11,731 | -46.7% |
| Financial charges | 65/66B | €153 | €176 | +€22 | +14.6% |
| Recurring financial charges | 65 | €153 | €176 | +€22 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €24,957 | €13,204 | -€11,753 | -47.1% |
| Income taxes | 67/77 | €10,900 | €6,407 | -€4,493 | -41.2% |
| Profit (loss) for the period | 9904 | €14,057 | €6,797 | -€7,260 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,057 | €6,797 | -€7,260 | -51.6% |
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 8 October 2026 via checked.be.