GEODYNAMICS: 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
GEODYNAMICS
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9.1m
2024 · €8.1m+€1.0m
Equity
€14.9m
2024 · €15.5m-€624,937
Cash
€7.3m
2024 · €9.3m-€2.0m
Balance sheet total
€19.9m
2024 · €20.2m-€326,486
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+49.5%), from €4.3m to €6.4m
of which Other amounts receivable: +€1.7m
- Cash -€2.0m
down €2.0m (-21.7%), from €9.3m to €7.3m
mainly Contributions, distributions and other (-€9.8m) and Receivables within one year (-€2.1m)
- Stocks and contracts -€392,934
down €392,934 (-32.2%), from €1.2m to €826,245
Equity and liabilities
- Reserves -€624,937
down €624,937 (-4.1%), from €15.3m to €14.7m
of which Distributable reserves: -€624,937
- Accrued charges and deferred income +€315,536
up €315,536 (+11.7%), from €2.7m to €3.0m
Income statement
- Turnover +€2.6m
up €2.6m (+13.9%), from €18.4m to €20.9m
- Staff costs +€384,033
up €384,033 (+9.1%), from €4.2m to €4.6m
- Services and other goods +€383,035
up €383,035 (+11.4%), from €3.4m to €3.7m
- Goods and materials +€272,821
up €272,821 (+16.6%), from €1.6m to €1.9m
of which Purchases: +€188,368
- Depreciation +€222,004
up €222,004 (+13.7%), from €1.6m to €1.8m
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
€8.1m
Turnover
+€2.6m
Other operating income
+€104,366
Goods and materials
-€272,821
Services and other goods
-€383,035
Staff costs
-€384,033
Depreciation
-€222,004
Write-downs
-€4,127
Provisions
+€3,104
Other operating charges
-€18,944
Other operating items
-€191,979
Financial income
-€39,283
Financial charges
-€7,879
Taxes
-€94,093
Result 2025
€9.1m
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
+€9.5m
Investment
-€1.8m
Financing
-€9.8m
Cash 2024
€9.3m
From operations (derived)
+€9.5m
Net result for the year
+€9.1m
Depreciation
+€1.8m
Stocks and contracts
+€392,934
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€41,169
Smaller working-capital items
+€8,774
Trade debts
-€25,859
Accrued charges and deferred income
+€315,536
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
-€9.8m
Contributions, distributions and other
-€9.8m
Cash 2025
€7.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,221,402 | €19,894,916 | -€326,486 | -1.6% |
| Fixed assets | 21/28 | €5,257,707 | €5,179,269 | -€78,438 | -1.5% |
| Intangible fixed assets | 21 | €3,223,796 | €3,397,616 | +€173,820 | +5.4% |
| Tangible fixed assets | 22/27 | €1,833,088 | €1,780,830 | -€52,258 | -2.9% |
| Plant, machinery and equipment | 23 | €138,765 | €101,694 | -€37,071 | -26.7% |
| Furniture and vehicles | 24 | €119,639 | €100,576 | -€19,063 | -15.9% |
| Other tangible fixed assets | 26 | €1,574,684 | €1,578,560 | +€3,876 | +0.2% |
| Financial fixed assets | 28 | €200,823 | €823 | -€200,000 | -99.6% |
| Affiliated companies | 280/1 | €200,000 | - | -€200,000 | |
| Participating interests | 280 | €200,000 | - | -€200,000 | |
| Other financial fixed assets | 284/8 | €823 | €823 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €823 | €823 | = | 0.0% |
| Current assets | 29/58 | €14,963,695 | €14,715,647 | -€248,048 | -1.7% |
| Stocks and contracts in progress | 3 | €1,219,179 | €826,245 | -€392,934 | -32.2% |
| Stocks | 30/36 | €1,219,179 | €826,245 | -€392,934 | -32.2% |
| Goods purchased for resale | 34 | €1,044,897 | €729,031 | -€315,866 | -30.2% |
| Advance payments | 36 | €174,282 | €97,214 | -€77,068 | -44.2% |
| Amounts receivable within one year | 40/41 | €4,295,648 | €6,420,815 | +€2.1m | +49.5% |
| Trade receivables | 40 | €4,159,058 | €4,545,325 | +€386,267 | +9.3% |
| Other amounts receivable | 41 | €136,590 | €1,875,490 | +€1.7m | +1,273% |
| Cash at bank and in hand | 54/58 | €9,309,273 | €7,287,823 | -€2.0m | -21.7% |
| Deferred charges and accrued income | 490/1 | €139,595 | €180,764 | +€41,169 | +29.5% |
| Total equity and liabilities | 10/49 | €20,221,402 | €19,894,916 | -€326,486 | -1.6% |
| Equity | 10/15 | €15,489,020 | €14,864,083 | -€624,937 | -4.0% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €15,309,020 | €14,684,083 | -€624,937 | -4.1% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,093 | €22,093 | = | 0.0% |
| Distributable reserves | 133 | €15,268,927 | €14,643,990 | -€624,937 | -4.1% |
| Provisions and deferred taxes | 16 | €8,389 | €8,088 | -€301 | -3.6% |
| Provisions for liabilities and charges | 160/5 | €8,389 | €8,088 | -€301 | -3.6% |
| Pensions and similar obligations | 160 | €8,389 | €8,088 | -€301 | -3.6% |
| Amounts payable | 17/49 | €4,723,993 | €5,022,745 | +€298,752 | +6.3% |
| Amounts payable within one year | 42/48 | €2,028,460 | €2,011,676 | -€16,784 | -0.8% |
| Trade debts | 44 | €626,372 | €600,513 | -€25,859 | -4.1% |
| Suppliers | 440/4 | €626,372 | €600,513 | -€25,859 | -4.1% |
| Taxes, remuneration and social security | 45 | €1,402,088 | €1,411,163 | +€9,075 | +0.6% |
| Taxes | 450/3 | €840,503 | €699,238 | -€141,265 | -16.8% |
| Remuneration and social security | 454/9 | €561,585 | €711,925 | +€150,340 | +26.8% |
| Accrued charges and deferred income | 492/3 | €2,695,533 | €3,011,069 | +€315,536 | +11.7% |
| Operating income | 70/76A | €20,213,543 | €22,563,923 | +€2.4m | +11.6% |
| Turnover | 70 | €18,373,747 | €20,926,389 | +€2.6m | +13.9% |
| Own construction capitalised | 72 | €1,626,760 | €1,320,132 | -€306,628 | -18.8% |
| Other operating income | 74 | €213,036 | €317,402 | +€104,366 | +49.0% |
| Operating charges | 60/66A | €11,071,083 | €12,238,294 | +€1.2m | +10.5% |
| Goods for resale, raw materials and consumables | 60 | €1,642,577 | €1,915,398 | +€272,821 | +16.6% |
| Purchases | 600/8 | €1,411,164 | €1,599,532 | +€188,368 | +13.3% |
| Change in stocks: decrease (increase) | 609 | €231,413 | €315,866 | +€84,453 | +36.5% |
| Services and other goods | 61 | €3,363,831 | €3,746,866 | +€383,035 | +11.4% |
| Remuneration, social security and pensions | 62 | €4,223,484 | €4,607,517 | +€384,033 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,623,983 | €1,845,987 | +€222,004 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,340 | -€213 | +€4,127 | +95.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,803 | -€301 | -€3,104 | |
| Other operating charges | 640/8 | €39,816 | €58,760 | +€18,944 | +47.6% |
| Non-recurring operating charges | 66A | €178,929 | €64,280 | -€114,649 | -64.1% |
| Operating profit (loss) | 9901 | €9,142,460 | €10,325,629 | +€1.2m | +12.9% |
| Financial income | 75/76B | €187,588 | €148,305 | -€39,283 | -20.9% |
| Recurring financial income | 75 | €187,588 | €148,305 | -€39,283 | -20.9% |
| Income from current assets | 751 | €165,059 | €121,286 | -€43,773 | -26.5% |
| Other financial income | 752/9 | €22,529 | €27,019 | +€4,490 | +19.9% |
| Financial charges | 65/66B | €30,014 | €37,893 | +€7,879 | +26.3% |
| Recurring financial charges | 65 | €30,014 | €37,893 | +€7,879 | +26.3% |
| Other financial charges | 652/9 | €30,014 | €37,893 | +€7,879 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €9,300,034 | €10,436,041 | +€1.1m | +12.2% |
| Income taxes | 67/77 | €1,216,885 | €1,310,978 | +€94,093 | +7.7% |
| Taxes | 670/3 | €1,222,723 | €1,359,851 | +€137,128 | +11.2% |
| Tax adjustments and reversals of tax provisions | 77 | €5,838 | €48,873 | +€43,035 | +737% |
| Profit (loss) for the period | 9904 | €8,083,149 | €9,125,063 | +€1.0m | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,083,149 | €9,125,063 | +€1.0m | +12.9% |
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 15 October 2026 via checked.be.