GEOLYS: what changed
Two fiscal 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
GEOLYS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€82,529
2024 · €156,653-€74,124
Equity
€523,634
2024 · €484,954+€38,680
Cash
€345,027
2024 · €345,084-€57
Balance sheet total
€2.2m
2024 · €2.1m+€80,333
Largest movements
Assets
- Receivables within one year +€196,842
up €196,842 (+20.2%), from €973,786 to €1.2m
of which Trade receivables: +€216,729
- Tangible fixed assets -€87,852
down €87,852 (-33.6%), from €261,241 to €173,389
of which Leasing and similar rights: -€73,375
- Stocks and contracts -€24,133
down €24,133 (-5.3%), from €454,915 to €430,781
Equity and liabilities
- Short-term financial debts +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Debts after one year -€40,109
down €40,109 (-19.2%), from €209,249 to €169,139
- Profit (loss) carried forward +€38,680
up €38,680 (+15.3%), from €252,324 to €291,004
Income statement
- Gross operating margin -€73,178
down €73,178 (-3.6%), from €2.0m to €2.0m
- Financial income -€49,695
down €49,695 (-98.3%), from €50,539 to €844
- Taxes -€34,765
down €34,765 (-41.9%), from €82,970 to €48,206
- Depreciation -€22,578
down €22,578 (-20.9%), from €108,267 to €85,689
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
€156,653
Gross operating margin
-€73,178
Staff costs
+€13,594
Depreciation
+€22,578
Write-downs
-€12,382
Other operating charges
-€10,830
Other operating items
-€1,021
Financial income
-€49,695
Financial charges
+€2,046
Taxes
+€34,765
Result 2025
€82,529
Cash bridge derived
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
-€25,226
Investment
+€8,779
Financing
+€16,390
Cash 2024
€345,084
From operations (derived)
-€25,226
Net result for the year
+€82,529
Depreciation
+€85,689
Stocks and contracts
+€24,133
Receivables within one year
-€196,842
Deferred charges and accrued income
-€2,150
Provisions
-€14,000
Trade debts
-€12,592
Tax, wage and social debts
+€2,457
Other debts
-€3,450
Accrued charges and deferred income
+€9,000
Investment (derived)
+€8,779
Investment in fixed assets (net)
+€8,779
Financing
+€16,390
Debts after one year
-€40,109
Current portion of long-term debt
+€348
Short-term financial debts
+€100,000
Contributions, distributions and other
-€43,848
Cash 2025
€345,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,102,102 | €2,182,435 | +€80,333 | +3.8% |
| Fixed assets | 21/28 | €316,192 | €221,724 | -€94,468 | -29.9% |
| Tangible fixed assets | 22/27 | €261,241 | €173,389 | -€87,852 | -33.6% |
| Land and buildings | 22 | €12,893 | €11,050 | -€1,842 | -14.3% |
| Plant, machinery and equipment | 23 | €24,104 | €14,461 | -€9,643 | -40.0% |
| Furniture and vehicles | 24 | €101,571 | €98,580 | -€2,991 | -2.9% |
| Leasing and similar rights | 25 | €122,672 | €49,297 | -€73,375 | -59.8% |
| Financial fixed assets | 28 | €54,951 | €48,335 | -€6,616 | -12.0% |
| Current assets | 29/58 | €1,785,911 | €1,960,712 | +€174,801 | +9.8% |
| Stocks and contracts in progress | 3 | €454,915 | €430,781 | -€24,133 | -5.3% |
| Contracts in progress | 37 | €454,915 | €430,781 | -€24,133 | -5.3% |
| Amounts receivable within one year | 40/41 | €973,786 | €1,170,627 | +€196,842 | +20.2% |
| Trade receivables | 40 | €850,296 | €1,067,026 | +€216,729 | +25.5% |
| Other amounts receivable | 41 | €123,489 | €103,602 | -€19,888 | -16.1% |
| Current investments | 50/53 | €1,050 | €1,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €345,084 | €345,027 | -€57 | 0.0% |
| Deferred charges and accrued income | 490/1 | €11,076 | €13,226 | +€2,150 | +19.4% |
| Total equity and liabilities | 10/49 | €2,102,102 | €2,182,435 | +€80,333 | +3.8% |
| Equity | 10/15 | €484,954 | €523,634 | +€38,680 | +8.0% |
| Contributions | 10/11 | €157,080 | €157,080 | = | 0.0% |
| Reserves | 13 | €75,550 | €75,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,550 | €7,550 | = | 0.0% |
| Distributable reserves | 133 | €68,000 | €68,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,324 | €291,004 | +€38,680 | +15.3% |
| Provisions and deferred taxes | 16 | €14,000 | €0 | -€14,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €0 | -€14,000 | -100.0% |
| Other liabilities and charges | 164/5 | €14,000 | €0 | -€14,000 | -100.0% |
| Amounts payable | 17/49 | €1,603,148 | €1,658,801 | +€55,653 | +3.5% |
| Amounts payable after more than one year | 17 | €209,249 | €169,139 | -€40,109 | -19.2% |
| Financial debts | 170/4 | €209,249 | €169,139 | -€40,109 | -19.2% |
| Amounts payable within one year | 42/48 | €1,382,900 | €1,469,662 | +€86,762 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €209,088 | €209,436 | +€348 | +0.2% |
| Financial debts | 43 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Credit institutions | 430/8 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Trade debts | 44 | €368,164 | €355,572 | -€12,592 | -3.4% |
| Suppliers | 440/4 | €368,164 | €355,572 | -€12,592 | -3.4% |
| Taxes, remuneration and social security | 45 | €478,784 | €481,241 | +€2,457 | +0.5% |
| Taxes | 450/3 | €171,309 | €157,542 | -€13,768 | -8.0% |
| Remuneration and social security | 454/9 | €307,475 | €323,699 | +€16,224 | +5.3% |
| Other amounts payable | 47/48 | €226,863 | €223,413 | -€3,450 | -1.5% |
| Accrued charges and deferred income | 492/3 | €11,000 | €20,000 | +€9,000 | +81.8% |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €1,715,665 | €1,702,072 | -€13,594 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,267 | €85,689 | -€22,578 | -20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,382 | +€12,382 | |
| Other operating charges | 640/8 | €1,391 | €12,221 | +€10,830 | +778.3% |
| Non-recurring operating charges | 66A | - | €1,021 | +€1,021 | |
| Gross operating margin | 9900 | €2,039,458 | €1,966,280 | -€73,178 | -3.6% |
| Operating profit (loss) | 9901 | €214,134 | €152,894 | -€61,240 | -28.6% |
| Financial income | 75/76B | €50,539 | €844 | -€49,695 | -98.3% |
| Recurring financial income | 75 | €50,539 | €844 | -€49,695 | -98.3% |
| Financial charges | 65/66B | €25,050 | €23,004 | -€2,046 | -8.2% |
| Recurring financial charges | 65 | €25,050 | €23,004 | -€2,046 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €239,623 | €130,734 | -€108,889 | -45.4% |
| Income taxes | 67/77 | €82,970 | €48,206 | -€34,765 | -41.9% |
| Profit (loss) for the period | 9904 | €156,653 | €82,529 | -€74,124 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €156,653 | €82,529 | -€74,124 | -47.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.