GEOLINCK: what changed
GEOLINCK
Largest movements
- Stocks and contracts -€123,854
down €123,854 (-35.7%), from €346,979 to €223,124
- Receivables within one year +€78,986
up €78,986 (+139%), from €56,826 to €135,812
of which Trade receivables: +€87,424
- Cash +€34,329
up €34,329 (+33.4%), from €102,742 to €137,071
mainly Stocks and contracts (+€123,854) and Accrued charges and deferred income (+€16,609)
- Trade debts -€21,499
down €21,499 (-48.9%), from €44,006 to €22,508
- Accrued charges and deferred income +€16,609
up €16,609 (+497%), from €3,340 to €19,949
- Reserves +€16,061
up €16,061 (+10.2%), from €157,250 to €173,312
of which Distributable reserves: +€16,061
- Other debts -€15,363
down €15,363 (-5.7%), from €268,855 to €253,492
- Tax, wage and social debts -€8,696
down €8,696 (-58.0%), from €14,998 to €6,302
of which Taxes: -€5,285
- Gross operating margin +€12,866
up €12,866 (+28.3%), from €45,480 to €58,346
- Staff costs -€9,092
down €9,092 (-25.7%), from €35,377 to €26,285
- Depreciation -€7,816
down €7,816 (-65.2%), from €11,990 to €4,174
- Taxes -€5,285
no longer reported in 2025 (was €5,285)
- Financial charges -€2,657
down €2,657 (-26.8%), from €9,932 to €7,275
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €675,449 | €662,562 | -€12,887 | -1.9% |
| Fixed assets | 21/28 | €168,004 | €163,830 | -€4,174 | -2.5% |
| Tangible fixed assets | 22/27 | €167,954 | €163,780 | -€4,174 | -2.5% |
| Land and buildings | 22 | €165,980 | €162,333 | -€3,647 | -2.2% |
| Plant, machinery and equipment | 23 | €1,544 | €1,232 | -€312 | -20.2% |
| Furniture and vehicles | 24 | €430 | €215 | -€215 | -50.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €507,445 | €498,732 | -€8,713 | -1.7% |
| Stocks and contracts in progress | 3 | €346,979 | €223,124 | -€123,854 | -35.7% |
| Stocks | 30/36 | €346,979 | €223,124 | -€123,854 | -35.7% |
| Amounts receivable within one year | 40/41 | €56,826 | €135,812 | +€78,986 | +139% |
| Trade receivables | 40 | €27,160 | €114,584 | +€87,424 | +322% |
| Other amounts receivable | 41 | €29,667 | €21,228 | -€8,439 | -28.4% |
| Cash at bank and in hand | 54/58 | €102,742 | €137,071 | +€34,329 | +33.4% |
| Deferred charges and accrued income | 490/1 | €898 | €2,724 | +€1,826 | +203% |
| Total equity and liabilities | 10/49 | €675,449 | €662,562 | -€12,887 | -1.9% |
| Equity | 10/15 | €219,250 | €235,312 | +€16,061 | +7.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €157,250 | €173,312 | +€16,061 | +10.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,005 | €1,005 | = | 0.0% |
| Distributable reserves | 133 | €150,045 | €166,106 | +€16,061 | +10.7% |
| Amounts payable | 17/49 | €456,199 | €427,250 | -€28,949 | -6.3% |
| Amounts payable within one year | 42/48 | €452,859 | €407,301 | -€45,558 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €44,006 | €22,508 | -€21,499 | -48.9% |
| Suppliers | 440/4 | €44,006 | €22,508 | -€21,499 | -48.9% |
| Taxes, remuneration and social security | 45 | €14,998 | €6,302 | -€8,696 | -58.0% |
| Taxes | 450/3 | €5,285 | - | -€5,285 | |
| Remuneration and social security | 454/9 | €9,713 | €6,302 | -€3,411 | -35.1% |
| Other amounts payable | 47/48 | €268,855 | €253,492 | -€15,363 | -5.7% |
| Accrued charges and deferred income | 492/3 | €3,340 | €19,949 | +€16,609 | +497% |
| Remuneration, social security and pensions | 62 | €35,377 | €26,285 | -€9,092 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,990 | €4,174 | -€7,816 | -65.2% |
| Other operating charges | 640/8 | €4,083 | €4,550 | +€468 | +11.5% |
| Gross operating margin | 9900 | €45,480 | €58,346 | +€12,866 | +28.3% |
| Operating profit (loss) | 9901 | -€5,970 | €23,336 | +€29,307 | |
| Financial income | 75/76B | €697 | - | -€697 | |
| Recurring financial income | 75 | €697 | - | -€697 | |
| Financial charges | 65/66B | €9,932 | €7,275 | -€2,657 | -26.8% |
| Recurring financial charges | 65 | €9,932 | €7,275 | -€2,657 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,205 | €16,061 | +€31,267 | |
| Income taxes | 67/77 | €5,285 | - | -€5,285 | |
| Profit (loss) for the period | 9904 | -€20,490 | €16,061 | +€36,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,490 | €16,061 | +€36,551 |
Next steps
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 4 November 2026 via checked.be.