GEOLAB: what changed
What changed
GEOLAB
NACE 72.109, Other research and development on natural sciences
filed annual accounts (NBB)
Net result for the year
€332,694
2024 · €282,418+€50,277
Equity
€716,718
2024 · €609,024+€107,694
Cash
€73,595
2024 · €195,736-€122,141
Balance sheet total
€1.3m
2024 · €1.3m-€4,755
Largest movements
Assets
- Receivables within one year +€249,350
up €249,350 (+132%), from €189,124 to €438,474
of which Trade receivables: +€251,403
- Cash -€122,141
down €122,141 (-62.4%), from €195,736 to €73,595
mainly Receivables within one year (-€249,350) and Contributions, distributions and other (-€225,000)
- Stocks and contracts -€67,500
down €67,500 (-52.9%), from €127,500 to €60,000
- Tangible fixed assets -€57,569
down €57,569 (-7.9%), from €731,165 to €673,596
of which Furniture and vehicles: -€60,265
Equity and liabilities
- Debts after one year -€145,208
down €145,208 (-47.6%), from €305,118 to €159,910
- Tax, wage and social debts +€112,092
up €112,092 (+511%), from €21,932 to €134,024
of which Taxes: +€109,323
- Reserves +€107,694
up €107,694 (+19.7%), from €547,524 to €655,218
of which Distributable reserves: +€112,563
- Trade debts -€45,409
down €45,409 (-42.2%), from €107,510 to €62,101
- Short-term financial debts -€26,980
down €26,980 (-58.8%), from €45,886 to €18,906
Income statement
- Turnover +€60,733
up €60,733 (+2.8%), from €2.2m to €2.2m
- Goods and materials -€55,025
down €55,025 (-11.6%), from €475,020 to €419,995
- Services and other goods -€53,697
down €53,697 (-6.7%), from €800,125 to €746,428
- Other operating income +€31,747
up €31,747 (+99.0%), from €32,068 to €63,814
- Staff costs +€23,303
up €23,303 (+5.4%), from €428,570 to €451,873
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
€282,418
Turnover
+€60,733
Other operating income
+€31,747
Goods and materials
+€55,025
Services and other goods
+€53,697
Staff costs
-€23,303
Depreciation
+€3,656
Other operating charges
-€11,629
Other operating items
-€107,111
Financial income
+€2,237
Financial charges
-€508
Taxes
-€14,315
Deferred taxes and other
+€49
Result 2025
€332,694
raises the resultlowers the resultnot broken down further in the accounts
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
+€362,581
Investment
-€82,460
Financing
-€402,262
Cash 2024
€195,736
From operations (derived)
+€362,581
Net result for the year
+€332,694
Depreciation
+€142,122
Stocks and contracts
+€67,500
Receivables within one year
-€249,350
Deferred charges and accrued income
+€4,802
Provisions
-€2,045
Trade debts
-€45,409
Tax, wage and social debts
+€112,092
Accrued charges and deferred income
+€175
Investment (derived)
-€82,460
Investment in fixed assets (net)
-€82,460
Financing
-€402,262
Debts after one year
-€145,208
Current portion of long-term debt
-€5,073
Short-term financial debts
-€26,980
Contributions, distributions and other
-€225,000
Cash 2025
€73,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,257,094 | €1,252,339 | -€4,755 | -0.4% |
| Fixed assets | 21/28 | €737,997 | €678,335 | -€59,662 | -8.1% |
| Intangible fixed assets | 21 | €5,207 | €3,114 | -€2,093 | -40.2% |
| Tangible fixed assets | 22/27 | €731,165 | €673,596 | -€57,569 | -7.9% |
| Plant, machinery and equipment | 23 | €548,073 | €550,769 | +€2,696 | +0.5% |
| Furniture and vehicles | 24 | €183,092 | €122,826 | -€60,265 | -32.9% |
| Financial fixed assets | 28 | €1,625 | €1,625 | = | 0.0% |
| Affiliated companies | 280/1 | €750 | €750 | = | 0.0% |
| Participating interests | 280 | €750 | €750 | = | 0.0% |
| Other financial fixed assets | 284/8 | €875 | €875 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €875 | €875 | = | 0.0% |
| Current assets | 29/58 | €519,097 | €574,004 | +€54,907 | +10.6% |
| Stocks and contracts in progress | 3 | €127,500 | €60,000 | -€67,500 | -52.9% |
| Contracts in progress | 37 | €127,500 | €60,000 | -€67,500 | -52.9% |
| Amounts receivable within one year | 40/41 | €189,124 | €438,474 | +€249,350 | +132% |
| Trade receivables | 40 | €157,009 | €408,411 | +€251,403 | +160% |
| Other amounts receivable | 41 | €32,115 | €30,063 | -€2,053 | -6.4% |
| Cash at bank and in hand | 54/58 | €195,736 | €73,595 | -€122,141 | -62.4% |
| Deferred charges and accrued income | 490/1 | €6,737 | €1,935 | -€4,802 | -71.3% |
| Total equity and liabilities | 10/49 | €1,257,094 | €1,252,339 | -€4,755 | -0.4% |
| Equity | 10/15 | €609,024 | €716,718 | +€107,694 | +17.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €547,524 | €655,218 | +€107,694 | +19.7% |
| Non-distributable reserves | 130/1 | €8,501 | €8,501 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,351 | €2,351 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,149 | €33,280 | -€4,869 | -12.8% |
| Distributable reserves | 133 | €500,873 | €613,437 | +€112,563 | +22.5% |
| Provisions and deferred taxes | 16 | €16,024 | €13,979 | -€2,045 | -12.8% |
| Deferred taxes | 168 | €16,024 | €13,979 | -€2,045 | -12.8% |
| Amounts payable | 17/49 | €632,046 | €521,642 | -€110,404 | -17.5% |
| Amounts payable after more than one year | 17 | €305,118 | €159,910 | -€145,208 | -47.6% |
| Financial debts | 170/4 | €305,118 | €159,910 | -€145,208 | -47.6% |
| Credit institutions | 173 | €305,118 | €159,910 | -€145,208 | -47.6% |
| Amounts payable within one year | 42/48 | €325,610 | €360,239 | +€34,629 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €150,282 | €145,208 | -€5,073 | -3.4% |
| Financial debts | 43 | €45,886 | €18,906 | -€26,980 | -58.8% |
| Credit institutions | 430/8 | €45,886 | €18,906 | -€26,980 | -58.8% |
| Trade debts | 44 | €107,510 | €62,101 | -€45,409 | -42.2% |
| Suppliers | 440/4 | €107,510 | €62,101 | -€45,409 | -42.2% |
| Taxes, remuneration and social security | 45 | €21,932 | €134,024 | +€112,092 | +511% |
| Taxes | 450/3 | €6,202 | €115,524 | +€109,323 | +1,763% |
| Remuneration and social security | 454/9 | €15,731 | €18,500 | +€2,769 | +17.6% |
| Accrued charges and deferred income | 492/3 | €1,317 | €1,492 | +€175 | +13.3% |
| Operating income | 70/76A | €2,229,543 | €2,214,911 | -€14,632 | -0.7% |
| Turnover | 70 | €2,157,864 | €2,218,597 | +€60,733 | +2.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €22,500 | -€67,500 | -€90,000 | |
| Other operating income | 74 | €32,068 | €63,814 | +€31,747 | +99.0% |
| Non-recurring operating income | 76A | €17,111 | €0 | -€17,111 | -100% |
| Operating charges | 60/66A | €1,856,685 | €1,779,240 | -€77,445 | -4.2% |
| Goods for resale, raw materials and consumables | 60 | €475,020 | €419,995 | -€55,025 | -11.6% |
| Purchases | 600/8 | €475,020 | €419,995 | -€55,025 | -11.6% |
| Services and other goods | 61 | €800,125 | €746,428 | -€53,697 | -6.7% |
| Remuneration, social security and pensions | 62 | €428,570 | €451,873 | +€23,303 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,778 | €142,122 | -€3,656 | -2.5% |
| Other operating charges | 640/8 | €7,192 | €18,821 | +€11,629 | +162% |
| Operating profit (loss) | 9901 | €372,858 | €435,672 | +€62,814 | +16.8% |
| Financial income | 75/76B | €29,445 | €31,682 | +€2,237 | +7.6% |
| Recurring financial income | 75 | €29,445 | €31,682 | +€2,237 | +7.6% |
| Income from financial fixed assets | 750 | €29,445 | €30,063 | +€617 | +2.1% |
| Other financial income | 752/9 | - | €1,620 | +€1,620 | |
| Financial charges | 65/66B | €20,115 | €20,623 | +€508 | +2.5% |
| Recurring financial charges | 65 | €20,115 | €20,623 | +€508 | +2.5% |
| Debt charges | 650 | €19,830 | €12,900 | -€6,930 | -34.9% |
| Other financial charges | 652/9 | €284 | €7,723 | +€7,439 | +2,618% |
| Profit (loss) for the period before taxes | 9903 | €382,189 | €446,731 | +€64,542 | +16.9% |
| Transfer from deferred taxes | 780 | €1,996 | €2,045 | +€49 | +2.5% |
| Income taxes | 67/77 | €101,767 | €116,082 | +€14,315 | +14.1% |
| Taxes | 670/3 | €101,767 | €116,082 | +€14,315 | +14.1% |
| Profit (loss) for the period | 9904 | €282,418 | €332,694 | +€50,277 | +17.8% |
| Transfer from tax-exempt reserves | 789 | €4,752 | €4,869 | +€117 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €287,170 | €337,563 | +€50,393 | +17.5% |
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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 5 November 2026 via checked.be.