NEW GEORGIL: 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.
NEW GEORGIL
Largest movements
- Stocks and contracts +€5,323
up €5,323 (+37.1%), from €14,339 to €19,661
- Cash -€4,496
down €4,496 (-8.3%), from €54,471 to €49,975
mainly Stocks and contracts (-€5,323) and Investment in fixed assets (net) (-€3,520)
- Trade debts -€1,367
down €1,367 (-20.7%), from €6,600 to €5,233
- Tax, wage and social debts +€1,165
up €1,165 (+15.9%), from €7,312 to €8,477
of which Taxes: +€992
- Gross operating margin +€12,441
up €12,441 (+21.7%), from €57,229 to €69,670
- Other operating charges -€3,870
down €3,870 (-67.1%), from €5,770 to €1,900
- Staff costs +€2,903
up €2,903 (+5.2%), from €55,553 to €58,456
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 | €95,641 | €96,519 | +€878 | +0.9% |
| Fixed assets | 21/28 | €11,666 | €11,926 | +€260 | +2.2% |
| Tangible fixed assets | 22/27 | €11,472 | €11,732 | +€260 | +2.3% |
| Furniture and vehicles | 24 | €6,623 | €7,180 | +€557 | +8.4% |
| Other tangible fixed assets | 26 | €4,849 | €4,552 | -€297 | -6.1% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €83,975 | €84,593 | +€618 | +0.7% |
| Stocks and contracts in progress | 3 | €14,339 | €19,661 | +€5,323 | +37.1% |
| Stocks | 30/36 | €14,339 | €19,661 | +€5,323 | +37.1% |
| Amounts receivable within one year | 40/41 | €10,953 | €11,179 | +€226 | +2.1% |
| Trade receivables | 40 | €8,244 | €9,924 | +€1,680 | +20.4% |
| Other amounts receivable | 41 | €2,710 | €1,255 | -€1,454 | -53.7% |
| Cash at bank and in hand | 54/58 | €54,471 | €49,975 | -€4,496 | -8.3% |
| Deferred charges and accrued income | 490/1 | €4,212 | €3,776 | -€436 | -10.3% |
| Total equity and liabilities | 10/49 | €95,641 | €96,519 | +€878 | +0.9% |
| Equity | 10/15 | €72,453 | €73,405 | +€953 | +1.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,393 | €65,345 | +€953 | +1.5% |
| Amounts payable | 17/49 | €23,189 | €23,114 | -€75 | -0.3% |
| Amounts payable within one year | 42/48 | €23,084 | €23,017 | -€68 | -0.3% |
| Trade debts | 44 | €6,600 | €5,233 | -€1,367 | -20.7% |
| Suppliers | 440/4 | €6,600 | €5,233 | -€1,367 | -20.7% |
| Taxes, remuneration and social security | 45 | €7,312 | €8,477 | +€1,165 | +15.9% |
| Taxes | 450/3 | €2,918 | €3,910 | +€992 | +34.0% |
| Remuneration and social security | 454/9 | €4,394 | €4,568 | +€173 | +3.9% |
| Other amounts payable | 47/48 | €9,172 | €9,306 | +€135 | +1.5% |
| Accrued charges and deferred income | 492/3 | €105 | €97 | -€8 | -7.2% |
| Remuneration, social security and pensions | 62 | €55,553 | €58,456 | +€2,903 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,084 | €3,260 | +€176 | +5.7% |
| Other operating charges | 640/8 | €5,770 | €1,900 | -€3,870 | -67.1% |
| Gross operating margin | 9900 | €57,229 | €69,670 | +€12,441 | +21.7% |
| Operating profit (loss) | 9901 | -€7,177 | €6,054 | +€13,231 | |
| Financial income | 75/76B | €2 | €297 | +€296 | +18253.1% |
| Recurring financial income | 75 | €2 | €297 | +€296 | +18253.1% |
| Financial charges | 65/66B | €4,691 | €5,174 | +€483 | +10.3% |
| Recurring financial charges | 65 | €4,691 | €5,174 | +€483 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,867 | €1,177 | +€13,044 | |
| Income taxes | 67/77 | €248 | €225 | -€23 | -9.4% |
| Profit (loss) for the period | 9904 | -€12,115 | €953 | +€13,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,115 | €953 | +€13,068 |
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 6 October 2026 via checked.be.