Geo-technics: 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.
Geo-technics
Largest movements
- Cash -€145,053
down €145,053 (-72.2%), from €201,014 to €55,961
mainly Trade debts (-€90,320) and Accrued charges and deferred income (-€66,609)
- Receivables within one year -€58,507
down €58,507 (-42.7%), from €137,177 to €78,671
of which Trade receivables: -€63,179
- Tangible fixed assets +€35,314
new in 2025: €35,314
- Stocks and contracts +€13,301
new in 2025: €13,301
- Trade debts -€90,320
down €90,320 (-47.6%), from €189,838 to €99,518
- Accrued charges and deferred income -€66,609
no longer reported in 2025 (was €66,609)
- Other debts -€49,906
down €49,906 (-78.2%), from €63,850 to €13,944
- Debts after one year +€26,257
new in 2025: €26,257
- Reserves +€13,065
up €13,065 (+104.4%), from €12,511 to €25,577
- Gross operating margin +€5,467
up €5,467 (+34.6%), from €15,820 to €21,287
- Depreciation +€3,191
new in 2025: €3,191
- Financial charges +€879
up €879 (+1391.4%), from €63 to €942
- Taxes +€826
up €826 (+26.4%), from €3,128 to €3,954
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 | €338,436 | €184,115 | -€154,321 | -45.6% |
| Fixed assets | 21/28 | - | €35,314 | +€35,314 | |
| Tangible fixed assets | 22/27 | - | €35,314 | +€35,314 | |
| Leasing and similar rights | 25 | - | €35,314 | +€35,314 | |
| Current assets | 29/58 | €338,436 | €148,802 | -€189,634 | -56.0% |
| Stocks and contracts in progress | 3 | - | €13,301 | +€13,301 | |
| Stocks | 30/36 | - | €13,301 | +€13,301 | |
| Amounts receivable within one year | 40/41 | €137,177 | €78,671 | -€58,507 | -42.7% |
| Trade receivables | 40 | €131,188 | €68,010 | -€63,179 | -48.2% |
| Other amounts receivable | 41 | €5,989 | €10,661 | +€4,672 | +78.0% |
| Cash at bank and in hand | 54/58 | €201,014 | €55,961 | -€145,053 | -72.2% |
| Deferred charges and accrued income | 490/1 | €245 | €869 | +€624 | +254.6% |
| Total equity and liabilities | 10/49 | €338,436 | €184,115 | -€154,321 | -45.6% |
| Equity | 10/15 | €15,011 | €28,077 | +€13,065 | +87.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,511 | €25,577 | +€13,065 | +104.4% |
| Distributable reserves | 133 | €12,511 | €25,577 | +€13,065 | +104.4% |
| Amounts payable | 17/49 | €323,425 | €156,039 | -€167,386 | -51.8% |
| Amounts payable after more than one year | 17 | - | €26,257 | +€26,257 | |
| Financial debts | 170/4 | - | €26,257 | +€26,257 | |
| Amounts payable within one year | 42/48 | €256,816 | €129,782 | -€127,034 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,238 | +€9,238 | |
| Trade debts | 44 | €189,838 | €99,518 | -€90,320 | -47.6% |
| Suppliers | 440/4 | €189,838 | €99,518 | -€90,320 | -47.6% |
| Taxes, remuneration and social security | 45 | €3,128 | €7,081 | +€3,954 | +126.4% |
| Taxes | 450/3 | €3,128 | €7,081 | +€3,954 | +126.4% |
| Other amounts payable | 47/48 | €63,850 | €13,944 | -€49,906 | -78.2% |
| Accrued charges and deferred income | 492/3 | €66,609 | - | -€66,609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,191 | +€3,191 | |
| Other operating charges | 640/8 | €118 | €306 | +€188 | +159.1% |
| Gross operating margin | 9900 | €15,820 | €21,287 | +€5,467 | +34.6% |
| Operating profit (loss) | 9901 | €15,702 | €17,790 | +€2,088 | +13.3% |
| Financial income | 75/76B | - | €170 | +€170 | |
| Recurring financial income | 75 | - | €170 | +€170 | |
| Financial charges | 65/66B | €63 | €942 | +€879 | +1391.4% |
| Recurring financial charges | 65 | €63 | €942 | +€879 | +1391.4% |
| Profit (loss) for the period before taxes | 9903 | €15,639 | €17,019 | +€1,380 | +8.8% |
| Income taxes | 67/77 | €3,128 | €3,954 | +€826 | +26.4% |
| Profit (loss) for the period | 9904 | €12,511 | €13,065 | +€554 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,511 | €13,065 | +€554 | +4.4% |
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.