De² Geotechnics: 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.
De² Geotechnics
Largest movements
- Tangible fixed assets -€43,488
down €43,488 (-24.3%), from €179,195 to €135,707
of which Plant, machinery and equipment: -€35,554
- Cash -€15,757
down €15,757 (-37.2%), from €42,395 to €26,638
mainly Debts after one year (-€35,111) and Other debts (-€18,141)
- Receivables within one year -€5,943
down €5,943 (-11.0%), from €53,793 to €47,849
of which Trade receivables: -€7,491
- Deferred charges and accrued income +€5,859
up €5,859 (+77.0%), from €7,611 to €13,470
- Debts after one year -€35,111
down €35,111 (-42.6%), from €82,500 to €47,389
of which Financial debts: -€24,214
- Other debts -€18,141
down €18,141 (-98.1%), from €18,498 to €358
- Tax, wage and social debts -€12,709
down €12,709 (-40.5%), from €31,411 to €18,702
of which Taxes: -€8,517
- Trade debts +€4,114
up €4,114 (+36.3%), from €11,324 to €15,438
- Gross operating margin -€36,450
down €36,450 (-13.3%), from €274,560 to €238,111
- Staff costs +€14,489
up €14,489 (+9.4%), from €154,390 to €168,879
- Taxes -€10,514
down €10,514 (-86.3%), from €12,188 to €1,674
- Depreciation +€4,250
up €4,250 (+8.2%), from €51,604 to €55,854
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 | €285,924 | €226,414 | -€59,510 | -20.8% |
| Fixed assets | 21/28 | €182,125 | €138,457 | -€43,668 | -24.0% |
| Tangible fixed assets | 22/27 | €179,195 | €135,707 | -€43,488 | -24.3% |
| Plant, machinery and equipment | 23 | €140,119 | €104,565 | -€35,554 | -25.4% |
| Furniture and vehicles | 24 | €39,077 | €29,918 | -€9,159 | -23.4% |
| Other tangible fixed assets | 26 | - | €1,224 | +€1,224 | |
| Financial fixed assets | 28 | €2,930 | €2,750 | -€180 | -6.1% |
| Current assets | 29/58 | €103,799 | €87,957 | -€15,842 | -15.3% |
| Amounts receivable within one year | 40/41 | €53,793 | €47,849 | -€5,943 | -11.0% |
| Trade receivables | 40 | €49,980 | €42,489 | -€7,491 | -15.0% |
| Other amounts receivable | 41 | €3,812 | €5,360 | +€1,547 | +40.6% |
| Cash at bank and in hand | 54/58 | €42,395 | €26,638 | -€15,757 | -37.2% |
| Deferred charges and accrued income | 490/1 | €7,611 | €13,470 | +€5,859 | +77.0% |
| Total equity and liabilities | 10/49 | €285,924 | €226,414 | -€59,510 | -20.8% |
| Equity | 10/15 | €106,242 | €108,487 | +€2,245 | +2.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,242 | €33,487 | +€2,245 | +7.2% |
| Amounts payable | 17/49 | €179,683 | €117,928 | -€61,755 | -34.4% |
| Amounts payable after more than one year | 17 | €82,500 | €47,389 | -€35,111 | -42.6% |
| Financial debts | 170/4 | €53,033 | €28,818 | -€24,214 | -45.7% |
| Other amounts payable | 178/9 | €29,468 | €18,571 | -€10,897 | -37.0% |
| Amounts payable within one year | 42/48 | €97,182 | €70,539 | -€26,644 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €23,402 | €24,214 | +€812 | +3.5% |
| Financial debts | 43 | €12,547 | €11,826 | -€721 | -5.7% |
| Credit institutions | 430/8 | €1,356 | €1,008 | -€348 | -25.7% |
| Other loans | 439 | €11,191 | €10,818 | -€372 | -3.3% |
| Trade debts | 44 | €11,324 | €15,438 | +€4,114 | +36.3% |
| Suppliers | 440/4 | €11,324 | €15,438 | +€4,114 | +36.3% |
| Taxes, remuneration and social security | 45 | €31,411 | €18,702 | -€12,709 | -40.5% |
| Taxes | 450/3 | €9,696 | €1,179 | -€8,517 | -87.8% |
| Remuneration and social security | 454/9 | €21,715 | €17,523 | -€4,191 | -19.3% |
| Other amounts payable | 47/48 | €18,498 | €358 | -€18,141 | -98.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €154,390 | €168,879 | +€14,489 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,604 | €55,854 | +€4,250 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€150 | €0 | +€150 | |
| Other operating charges | 640/8 | €1,404 | €616 | -€787 | -56.1% |
| Non-recurring operating charges | 66A | €986 | €0 | -€986 | -100% |
| Gross operating margin | 9900 | €274,560 | €238,111 | -€36,450 | -13.3% |
| Operating profit (loss) | 9901 | €66,327 | €12,761 | -€53,565 | -80.8% |
| Financial income | 75/76B | €1 | €40 | +€40 | +7,185% |
| Recurring financial income | 75 | €1 | €40 | +€40 | +7,185% |
| Financial charges | 65/66B | €10,357 | €8,883 | -€1,475 | -14.2% |
| Recurring financial charges | 65 | €10,357 | €8,883 | -€1,475 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €55,970 | €3,919 | -€52,051 | -93.0% |
| Income taxes | 67/77 | €12,188 | €1,674 | -€10,514 | -86.3% |
| Profit (loss) for the period | 9904 | €43,782 | €2,245 | -€41,537 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,782 | €2,245 | -€41,537 | -94.9% |
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 13 October 2026 via checked.be.