Laurent GEORIS: 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.
Laurent GEORIS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts -€35,571
down €35,571 (-91.2%), from €38,998 to €3,427
- Debts after one year -€30,532
down €30,532 (-23.0%), from €132,939 to €102,407
- Tax, wage and social debts +€27,478
up €27,478 (+120%), from €22,923 to €50,401
- Profit (loss) carried forward +€24,412
up €24,412 (+4.6%), from €527,772 to €552,183
- Other debts +€14,827
up €14,827 (+15.0%), from €98,834 to €113,661
- Financial income -€85,000
down €85,000 (-100%), from €85,000 to €0
- Gross operating margin +€54,006
up €54,006 (+563%), from €9,595 to €63,600
- Taxes +€8,074
up €8,074 (+798%), from €1,012 to €9,086
- Staff costs +€2,976
new in 2025: €2,976
- Financial charges -€2,970
down €2,970 (-35.4%), from €8,382 to €5,412
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 | €891,678 | €888,136 | -€3,543 | -0.4% |
| Fixed assets | 21/28 | €860,775 | €860,275 | -€500 | -0.1% |
| Tangible fixed assets | 22/27 | €775 | €275 | -€500 | -64.5% |
| Other tangible fixed assets | 26 | €775 | €275 | -€500 | -64.5% |
| Financial fixed assets | 28 | €860,000 | €860,000 | = | 0.0% |
| Current assets | 29/58 | €30,903 | €27,860 | -€3,043 | -9.8% |
| Amounts receivable within one year | 40/41 | €30,186 | €24,901 | -€5,285 | -17.5% |
| Trade receivables | 40 | €18,323 | €24,859 | +€6,536 | +35.7% |
| Other amounts receivable | 41 | €11,863 | €42 | -€11,821 | -99.6% |
| Cash at bank and in hand | 54/58 | - | €1,983 | +€1,983 | |
| Deferred charges and accrued income | 490/1 | €717 | €976 | +€260 | +36.2% |
| Total equity and liabilities | 10/49 | €891,678 | €888,136 | -€3,543 | -0.4% |
| Equity | 10/15 | €560,772 | €585,183 | +€24,412 | +4.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €527,772 | €552,183 | +€24,412 | +4.6% |
| Amounts payable | 17/49 | €330,907 | €302,952 | -€27,954 | -8.4% |
| Amounts payable after more than one year | 17 | €132,939 | €102,407 | -€30,532 | -23.0% |
| Financial debts | 170/4 | €132,939 | €102,407 | -€30,532 | -23.0% |
| Amounts payable within one year | 42/48 | €197,967 | €200,545 | +€2,578 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €32,571 | €33,056 | +€485 | +1.5% |
| Financial debts | 43 | €4,641 | €0 | -€4,641 | -100% |
| Credit institutions | 430/8 | €4,641 | €0 | -€4,641 | -100% |
| Trade debts | 44 | €38,998 | €3,427 | -€35,571 | -91.2% |
| Suppliers | 440/4 | €38,998 | €3,427 | -€35,571 | -91.2% |
| Taxes, remuneration and social security | 45 | €22,923 | €50,401 | +€27,478 | +120% |
| Taxes | 450/3 | €22,923 | €50,401 | +€27,478 | +120% |
| Other amounts payable | 47/48 | €98,834 | €113,661 | +€14,827 | +15.0% |
| Remuneration, social security and pensions | 62 | - | €2,976 | +€2,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €1,375 | €4,215 | +€2,840 | +207% |
| Gross operating margin | 9900 | €9,595 | €63,600 | +€54,006 | +563% |
| Operating profit (loss) | 9901 | €7,720 | €55,909 | +€48,190 | +624% |
| Financial income | 75/76B | €85,000 | €0 | -€85,000 | -100% |
| Recurring financial income | 75 | €85,000 | €0 | -€85,000 | -100% |
| Financial charges | 65/66B | €8,382 | €5,412 | -€2,970 | -35.4% |
| Recurring financial charges | 65 | €8,382 | €5,412 | -€2,970 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €84,338 | €50,497 | -€33,840 | -40.1% |
| Income taxes | 67/77 | €1,012 | €9,086 | +€8,074 | +798% |
| Profit (loss) for the period | 9904 | €83,326 | €41,412 | -€41,914 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,326 | €41,412 | -€41,914 | -50.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.