GEOCYCLE: what changed
What changed
GEOCYCLE
NACE 38.330, Waste collection, recovery and disposal activities
filed annual accounts (NBB)
Net result for the year
€624,506
2024 · €687,348-€62,842
Equity
€6.6m
2024 · €6.7m-€64,696
Cash
-
not filed
Balance sheet total
€13.7m
2024 · €13.2m+€542,615
Largest movements
Assets
- Receivables within one year +€754,887
up €754,887 (+10.8%), from €7.0m to €7.7m
of which Trade receivables: +€3.6m
- Tangible fixed assets -€298,530
down €298,530 (-5.0%), from €5.9m to €5.6m
of which Plant, machinery and equipment: -€544,982
Equity and liabilities
- Trade debts +€471,395
up €471,395 (+9.8%), from €4.8m to €5.3m
Income statement
- Goods and materials +€1.2m
up €1.2m (+10.3%), from €11.9m to €13.2m
of which Purchases: +€1.3m
- Turnover +€400,504
up €400,504 (+1.7%), from €23.7m to €24.1m
- Other operating income +€364,421
up €364,421 (+150%), from €242,852 to €607,273
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
€687,348
Turnover
+€400,504
Other operating income
+€364,421
Goods and materials
-€1.2m
Services and other goods
+€41,175
Staff costs
-€65,841
Depreciation
+€40,779
Write-downs
-€14,192
Provisions
+€10,000
Other operating charges
+€23,848
Other operating items
+€406,699
Financial income
-€23,028
Financial charges
+€1,124
Taxes
-€19,298
Result 2025
€624,506
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,204,614 | €13,747,228 | +€542,615 | +4.1% |
| Fixed assets | 21/28 | €6,013,298 | €5,694,541 | -€318,757 | -5.3% |
| Intangible fixed assets | 21 | €87,592 | €67,366 | -€20,226 | -23.1% |
| Tangible fixed assets | 22/27 | €5,925,706 | €5,627,176 | -€298,530 | -5.0% |
| Land and buildings | 22 | €3,360,851 | €3,463,335 | +€102,484 | +3.0% |
| Plant, machinery and equipment | 23 | €2,333,803 | €1,788,820 | -€544,982 | -23.4% |
| Furniture and vehicles | 24 | €5,933 | €2,834 | -€3,099 | -52.2% |
| Other tangible fixed assets | 26 | €78,681 | €78,681 | = | 0.0% |
| Assets under construction and advance payments | 27 | €146,438 | €293,505 | +€147,067 | +100% |
| Current assets | 29/58 | €7,191,316 | €8,052,687 | +€861,371 | +12.0% |
| Stocks and contracts in progress | 3 | €52,707 | €141,195 | +€88,488 | +168% |
| Stocks | 30/36 | €52,707 | €141,195 | +€88,488 | +168% |
| Raw materials and consumables | 30/31 | €52,707 | €141,195 | +€88,488 | +168% |
| Amounts receivable within one year | 40/41 | €6,981,756 | €7,736,643 | +€754,887 | +10.8% |
| Trade receivables | 40 | €4,151,920 | €7,708,576 | +€3.6m | +85.7% |
| Other amounts receivable | 41 | €2,829,836 | €28,067 | -€2.8m | -99.0% |
| Deferred charges and accrued income | 490/1 | €156,853 | €174,850 | +€17,997 | +11.5% |
| Total equity and liabilities | 10/49 | €13,204,614 | €13,747,228 | +€542,615 | +4.1% |
| Equity | 10/15 | €6,685,700 | €6,621,004 | -€64,696 | -1.0% |
| Contributions | 10/11 | €5,250,000 | €5,250,000 | = | 0.0% |
| Capital | 10 | €5,250,000 | €5,250,000 | = | 0.0% |
| Issued capital | 100 | €5,250,000 | €5,250,000 | = | 0.0% |
| Reserves | 13 | €1,423,500 | €1,360,000 | -€63,500 | -4.5% |
| Non-distributable reserves | 130/1 | €525,000 | €525,000 | = | 0.0% |
| Legal reserve | 130 | €525,000 | €525,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €421,000 | +€210,500 | +100% |
| Distributable reserves | 133 | €688,000 | €414,000 | -€274,000 | -39.8% |
| Profit (loss) carried forward | 14 | €2,273 | €2,280 | +€6 | +0.3% |
| Investment grants | 15 | €9,927 | €8,725 | -€1,202 | -12.1% |
| Provisions and deferred taxes | 16 | €564,583 | €505,964 | -€58,619 | -10.4% |
| Provisions for liabilities and charges | 160/5 | €559,472 | €501,472 | -€58,000 | -10.4% |
| Pensions and similar obligations | 160 | €481,000 | €423,000 | -€58,000 | -12.1% |
| Other liabilities and charges | 164/5 | €78,472 | €78,472 | = | 0.0% |
| Deferred taxes | 168 | €5,111 | €4,492 | -€619 | -12.1% |
| Amounts payable | 17/49 | €5,954,330 | €6,620,260 | +€665,930 | +11.2% |
| Amounts payable within one year | 42/48 | €5,954,330 | €6,620,260 | +€665,930 | +11.2% |
| Financial debts | 43 | - | €11,258 | +€11,258 | |
| Other loans | 439 | - | €11,258 | +€11,258 | |
| Trade debts | 44 | €4,790,751 | €5,262,146 | +€471,395 | +9.8% |
| Suppliers | 440/4 | €4,790,751 | €5,262,146 | +€471,395 | +9.8% |
| Taxes, remuneration and social security | 45 | €1,163,579 | €1,296,856 | +€133,277 | +11.5% |
| Taxes | 450/3 | €258,991 | €414,196 | +€155,206 | +59.9% |
| Remuneration and social security | 454/9 | €904,588 | €882,660 | -€21,929 | -2.4% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Operating income | 70/76A | €23,921,463 | €25,093,086 | +€1.2m | +4.9% |
| Turnover | 70 | €23,678,610 | €24,079,115 | +€400,504 | +1.7% |
| Other operating income | 74 | €242,852 | €607,273 | +€364,421 | +150% |
| Non-recurring operating income | 76A | - | €406,699 | +€406,699 | |
| Operating charges | 60/66A | €23,144,695 | €24,337,958 | +€1.2m | +5.2% |
| Goods for resale, raw materials and consumables | 60 | €11,938,003 | €13,167,034 | +€1.2m | +10.3% |
| Purchases | 600/8 | €11,990,709 | €13,269,714 | +€1.3m | +10.7% |
| Change in stocks: decrease (increase) | 609 | -€52,707 | -€102,680 | -€49,973 | -94.8% |
| Services and other goods | 61 | €5,015,187 | €4,974,013 | -€41,175 | -0.8% |
| Remuneration, social security and pensions | 62 | €5,227,635 | €5,293,476 | +€65,841 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714,867 | €674,089 | -€40,779 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,192 | +€14,192 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,000 | -€58,000 | -€10,000 | -20.8% |
| Other operating charges | 640/8 | €297,002 | €273,155 | -€23,848 | -8.0% |
| Operating profit (loss) | 9901 | €776,768 | €755,128 | -€21,640 | -2.8% |
| Financial income | 75/76B | €74,110 | €51,082 | -€23,028 | -31.1% |
| Recurring financial income | 75 | €74,110 | €51,082 | -€23,028 | -31.1% |
| Income from current assets | 751 | €72,879 | €48,855 | -€24,024 | -33.0% |
| Other financial income | 752/9 | €1,230 | €2,227 | +€997 | +81.0% |
| Financial charges | 65/66B | €13,416 | €12,292 | -€1,124 | -8.4% |
| Recurring financial charges | 65 | €13,416 | €12,292 | -€1,124 | -8.4% |
| Debt charges | 650 | €6,742 | €6,314 | -€428 | -6.4% |
| Other financial charges | 652/9 | €6,674 | €5,979 | -€695 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €837,462 | €793,918 | -€43,544 | -5.2% |
| Transfer from deferred taxes | 780 | €619 | €619 | = | 0.0% |
| Income taxes | 67/77 | €150,733 | €170,031 | +€19,298 | +12.8% |
| Taxes | 670/3 | €183,351 | €170,031 | -€13,320 | -7.3% |
| Tax adjustments and reversals of tax provisions | 77 | €32,618 | - | -€32,618 | |
| Profit (loss) for the period | 9904 | €687,348 | €624,506 | -€62,842 | -9.1% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €687,348 | €414,006 | -€273,342 | -39.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.