GeoCalor: what changed
What changed
GeoCalor
NACE 43.130, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€292,189
2024 · €185,381+€106,809
Equity
€480,109
2024 · €237,920+€242,189
Cash
€321,674
2024 · €188,170+€133,504
Balance sheet total
€1.2m
2024 · €1.0m+€191,310
Largest movements
Assets
- Cash +€133,504
up €133,504 (+70.9%), from €188,170 to €321,674
mainly Net result for the year (+€292,189) and Depreciation (+€154,859)
- Stocks and contracts +€41,019
new in 2025: €41,019
of which Stocks: +€23,219
- Receivables within one year +€12,755
up €12,755 (+9.4%), from €135,250 to €148,005
of which Other amounts receivable: +€14,261
Equity and liabilities
- Debts after one year -€231,793
down €231,793 (-39.7%), from €583,990 to €352,197
- Reserves +€142,920
new in 2025: €142,920
- Profit (loss) carried forward +€99,270
up €99,270 (+69.5%), from €142,920 to €242,189
- Trade debts +€88,640
up €88,640 (+282%), from €31,378 to €120,018
- Other debts +€50,000
new in 2025: €50,000
Income statement
- Gross operating margin +€165,472
up €165,472 (+30.1%), from €550,207 to €715,679
- Staff costs +€105,842
up €105,842 (+410%), from €25,817 to €131,659
- Taxes +€55,852
up €55,852 (+125%), from €44,682 to €100,534
- Depreciation -€47,165
down €47,165 (-23.3%), from €202,024 to €154,859
- Financial charges -€46,601
down €46,601 (-57.9%), from €80,486 to €33,885
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€185,381
Gross operating margin
+€165,472
Staff costs
-€105,842
Depreciation
+€47,165
Other operating charges
+€9,265
Financial charges
+€46,601
Taxes
-€55,852
Result 2025
€292,189
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€565,074
Investment
-€163,035
Financing
-€268,535
Cash 2024
€188,170
From operations (derived)
+€565,074
Net result for the year
+€292,189
Depreciation
+€154,859
Stocks and contracts
-€41,019
Receivables within one year
-€12,755
Deferred charges and accrued income
+€4,145
Trade debts
+€88,640
Tax, wage and social debts
+€36,864
Other debts
+€50,000
Accrued charges and deferred income
-€7,848
Investment (derived)
-€163,035
Investment in fixed assets (net)
-€163,035
Financing
-€268,535
Debts after one year
-€231,793
Current portion of long-term debt
+€13,257
Contributions, distributions and other
-€50,000
Cash 2025
€321,674
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,014,691 | €1,206,001 | +€191,310 | +18.9% |
| Fixed assets | 21/28 | €681,560 | €689,736 | +€8,176 | +1.2% |
| Intangible fixed assets | 21 | €2,346 | €846 | -€1,500 | -63.9% |
| Tangible fixed assets | 22/27 | €679,143 | €688,455 | +€9,311 | +1.4% |
| Plant, machinery and equipment | 23 | €35,411 | €138,230 | +€102,819 | +290% |
| Furniture and vehicles | 24 | €4,537 | €12,175 | +€7,638 | +168% |
| Leasing and similar rights | 25 | €639,195 | €538,050 | -€101,146 | -15.8% |
| Financial fixed assets | 28 | €71 | €435 | +€365 | +517% |
| Current assets | 29/58 | €333,131 | €516,265 | +€183,134 | +55.0% |
| Stocks and contracts in progress | 3 | - | €41,019 | +€41,019 | |
| Stocks | 30/36 | - | €23,219 | +€23,219 | |
| Contracts in progress | 37 | - | €17,800 | +€17,800 | |
| Amounts receivable within one year | 40/41 | €135,250 | €148,005 | +€12,755 | +9.4% |
| Trade receivables | 40 | €111,130 | €109,624 | -€1,506 | -1.4% |
| Other amounts receivable | 41 | €24,120 | €38,381 | +€14,261 | +59.1% |
| Cash at bank and in hand | 54/58 | €188,170 | €321,674 | +€133,504 | +70.9% |
| Deferred charges and accrued income | 490/1 | €9,711 | €5,566 | -€4,145 | -42.7% |
| Total equity and liabilities | 10/49 | €1,014,691 | €1,206,001 | +€191,310 | +18.9% |
| Equity | 10/15 | €237,920 | €480,109 | +€242,189 | +102% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | - | €142,920 | +€142,920 | |
| Distributable reserves | 133 | - | €142,920 | +€142,920 | |
| Profit (loss) carried forward | 14 | €142,920 | €242,189 | +€99,270 | +69.5% |
| Amounts payable | 17/49 | €776,771 | €725,892 | -€50,879 | -6.6% |
| Amounts payable after more than one year | 17 | €583,990 | €352,197 | -€231,793 | -39.7% |
| Financial debts | 170/4 | €583,990 | €352,197 | -€231,793 | -39.7% |
| Amounts payable within one year | 42/48 | €184,933 | €373,694 | +€188,762 | +102% |
| Current portion of amounts payable after more than one year | 42 | €104,273 | €117,530 | +€13,257 | +12.7% |
| Trade debts | 44 | €31,378 | €120,018 | +€88,640 | +282% |
| Suppliers | 440/4 | €31,378 | €120,018 | +€88,640 | +282% |
| Taxes, remuneration and social security | 45 | €49,282 | €86,146 | +€36,864 | +74.8% |
| Taxes | 450/3 | €44,813 | €72,193 | +€27,380 | +61.1% |
| Remuneration and social security | 454/9 | €4,469 | €13,953 | +€9,484 | +212% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €7,848 | - | -€7,848 | |
| Remuneration, social security and pensions | 62 | €25,817 | €131,659 | +€105,842 | +410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,024 | €154,859 | -€47,165 | -23.3% |
| Other operating charges | 640/8 | €11,817 | €2,552 | -€9,265 | -78.4% |
| Gross operating margin | 9900 | €550,207 | €715,679 | +€165,472 | +30.1% |
| Operating profit (loss) | 9901 | €310,549 | €426,608 | +€116,060 | +37.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €80,486 | €33,885 | -€46,601 | -57.9% |
| Recurring financial charges | 65 | €80,486 | €33,885 | -€46,601 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €230,062 | €392,723 | +€162,661 | +70.7% |
| Income taxes | 67/77 | €44,682 | €100,534 | +€55,852 | +125% |
| Profit (loss) for the period | 9904 | €185,381 | €292,189 | +€106,809 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €185,381 | €292,189 | +€106,809 | +57.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.