GEO-PARK: 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.
What changed
GEO-PARK
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€549,375
2024 · €110,207+€439,168
Equity
€6.5m
2024 · €6.0m+€549,375
Cash
€19,655
2024 · €64,758-€45,103
Balance sheet total
€16.5m
2024 · €16.0m+€449,222
Largest movements
Assets
- Financial fixed assets +€1.8m
up €1.8m (+145%), from €1.3m to €3.1m
- Tangible fixed assets -€1.8m
down €1.8m (-12.1%), from €14.6m to €12.9m
of which Land and buildings: -€1.7m
Equity and liabilities
- Reserves +€549,375
up €549,375 (+19.5%), from €2.8m to €3.4m
of which Distributable reserves: +€480,942
- Debts after one year -€543,455
down €543,455 (-10.9%), from €5.0m to €4.4m
of which Financial debts: -€543,455
- Short-term financial debts +€361,344
up €361,344 (+9.5%), from €3.8m to €4.2m
Income statement
- Gross operating margin +€850,762
up €850,762 (+53.2%), from €1.6m to €2.4m
- Taxes +€170,330
up €170,330 (+503%), from €33,845 to €204,175
- Other operating charges +€105,682
up €105,682 (+59.2%), from €178,424 to €284,106
- Depreciation +€95,183
up €95,183 (+10.3%), from €924,732 to €1.0m
- Financial charges +€42,300
up €42,300 (+23.7%), from €178,356 to €220,656
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.
Result 2024
€110,207
Gross operating margin
+€850,762
Staff costs
+€9,739
Depreciation
-€95,183
Other operating charges
-€105,682
Other operating items
+€30,482
Financial income
-€532
Financial charges
-€42,300
Taxes
-€170,330
Deferred taxes and other
-€37,788
Result 2025
€549,375
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€1.1m
Financing
-€174,708
Cash 2024
€64,758
From operations (derived)
+€1.2m
Net result for the year
+€549,375
Depreciation
+€1.0m
Stocks and contracts
-€160,448
Receivables within one year
-€110,132
Deferred charges and accrued income
-€152,628
Provisions
+€14,373
Trade debts
+€44,908
Tax, wage and social debts
+€85,377
Accrued charges and deferred income
-€70,103
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€174,708
Debts after one year
-€543,455
Current portion of long-term debt
+€7,404
Short-term financial debts
+€361,344
Cash 2025
€19,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,014,181 | €16,463,403 | +€449,222 | +2.8% |
| Fixed assets | 21/28 | €15,886,260 | €15,957,377 | +€71,118 | +0.4% |
| Tangible fixed assets | 22/27 | €14,622,260 | €12,857,527 | -€1.8m | -12.1% |
| Land and buildings | 22 | €13,312,977 | €11,572,797 | -€1.7m | -13.1% |
| Plant, machinery and equipment | 23 | €1,239,528 | €1,229,781 | -€9,747 | -0.8% |
| Furniture and vehicles | 24 | €69,754 | €54,948 | -€14,806 | -21.2% |
| Financial fixed assets | 28 | €1,264,000 | €3,099,850 | +€1.8m | +145% |
| Current assets | 29/58 | €127,921 | €506,026 | +€378,105 | +296% |
| Stocks and contracts in progress | 3 | €10,585 | €171,034 | +€160,448 | +1,516% |
| Stocks | 30/36 | €10,585 | - | -€10,585 | |
| Contracts in progress | 37 | - | €171,034 | +€171,034 | |
| Amounts receivable within one year | 40/41 | €3,657 | €113,789 | +€110,132 | +3,012% |
| Trade receivables | 40 | €3,657 | €113,789 | +€110,132 | +3,012% |
| Cash at bank and in hand | 54/58 | €64,758 | €19,655 | -€45,103 | -69.6% |
| Deferred charges and accrued income | 490/1 | €48,921 | €201,549 | +€152,628 | +312% |
| Total equity and liabilities | 10/49 | €16,014,181 | €16,463,403 | +€449,222 | +2.8% |
| Equity | 10/15 | €5,970,045 | €6,519,420 | +€549,375 | +9.2% |
| Contributions | 10/11 | €3,150,000 | €3,150,000 | = | 0.0% |
| Capital | 10 | €3,150,000 | €3,150,000 | = | 0.0% |
| Issued capital | 100 | €3,150,000 | €3,150,000 | = | 0.0% |
| Reserves | 13 | €2,820,045 | €3,369,420 | +€549,375 | +19.5% |
| Non-distributable reserves | 130/1 | €113,388 | €138,701 | +€25,313 | +22.3% |
| Legal reserve | 130 | €113,388 | €138,701 | +€25,313 | +22.3% |
| Tax-exempt reserves | 132 | €1,094,650 | €1,137,770 | +€43,120 | +3.9% |
| Distributable reserves | 133 | €1,612,007 | €2,092,949 | +€480,942 | +29.8% |
| Provisions and deferred taxes | 16 | €364,883 | €379,257 | +€14,373 | +3.9% |
| Deferred taxes | 168 | €364,883 | €379,257 | +€14,373 | +3.9% |
| Amounts payable | 17/49 | €9,679,252 | €9,564,727 | -€114,526 | -1.2% |
| Amounts payable after more than one year | 17 | €4,976,453 | €4,432,998 | -€543,455 | -10.9% |
| Financial debts | 170/4 | €4,960,620 | €4,417,165 | -€543,455 | -11.0% |
| Other amounts payable | 178/9 | €15,833 | €15,833 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,632,696 | €5,131,729 | +€499,032 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €536,052 | €543,455 | +€7,404 | +1.4% |
| Financial debts | 43 | €3,808,992 | €4,170,336 | +€361,344 | +9.5% |
| Other loans | 439 | €3,808,992 | €4,170,336 | +€361,344 | +9.5% |
| Trade debts | 44 | €253,144 | €298,052 | +€44,908 | +17.7% |
| Suppliers | 440/4 | €253,144 | €298,052 | +€44,908 | +17.7% |
| Taxes, remuneration and social security | 45 | €34,509 | €119,886 | +€85,377 | +247% |
| Taxes | 450/3 | €17,734 | €102,656 | +€84,922 | +479% |
| Remuneration and social security | 454/9 | €16,775 | €17,230 | +€455 | +2.7% |
| Accrued charges and deferred income | 492/3 | €70,103 | - | -€70,103 | |
| Non-recurring operating income | 76A | - | €159,109 | +€159,109 | |
| Remuneration, social security and pensions | 62 | €166,378 | €156,639 | -€9,739 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924,732 | €1,019,915 | +€95,183 | +10.3% |
| Other operating charges | 640/8 | €178,424 | €284,106 | +€105,682 | +59.2% |
| Non-recurring operating charges | 66A | €30,482 | - | -€30,482 | |
| Gross operating margin | 9900 | €1,598,431 | €2,449,193 | +€850,762 | +53.2% |
| Operating profit (loss) | 9901 | €298,415 | €988,533 | +€690,118 | +231% |
| Financial income | 75/76B | €578 | €46 | -€532 | -92.1% |
| Recurring financial income | 75 | €578 | €46 | -€532 | -92.1% |
| Financial charges | 65/66B | €178,356 | €220,656 | +€42,300 | +23.7% |
| Recurring financial charges | 65 | €178,356 | €220,656 | +€42,300 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €120,637 | €767,923 | +€647,286 | +537% |
| Transfer from deferred taxes | 780 | €23,415 | €25,404 | +€1,989 | +8.5% |
| Transfer to deferred taxes | 680 | - | €39,777 | +€39,777 | |
| Income taxes | 67/77 | €33,845 | €204,175 | +€170,330 | +503% |
| Profit (loss) for the period | 9904 | €110,207 | €549,375 | +€439,168 | +398% |
| Transfer from tax-exempt reserves | 789 | €70,245 | €76,211 | +€5,967 | +8.5% |
| Transfer to tax-exempt reserves | 689 | - | €119,331 | +€119,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €180,452 | €506,255 | +€325,803 | +181% |
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 26 October 2026 via checked.be.