GEOMAT CONSTRUCTION: 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.
GEOMAT CONSTRUCTION
Largest movements
- Receivables within one year +€28,781
up €28,781 (+103%), from €27,938 to €56,719
of which Trade receivables: +€31,455
- Cash -€2,354
down €2,354 (-79.6%), from €2,958 to €604
mainly Receivables within one year (-€28,781) and Investment in fixed assets (net) (-€2,672)
- Tangible fixed assets +€2,204
up €2,204 (+245%), from €901 to €3,105
of which Plant, machinery and equipment: +€1,632
- Trade debts +€20,736
up €20,736 (+121%), from €17,081 to €37,817
- Profit (loss) carried forward +€9,648
up €9,648 (+559%), from €1,727 to €11,375
- Tax, wage and social debts -€1,681
down €1,681 (-36.2%), from €4,642 to €2,962
- Gross operating margin +€10,770
up €10,770 (+424%), from €2,542 to €13,312
- Taxes +€2,077
up €2,077 (+469%), from €442 to €2,519
- Other operating charges +€572
up €572 (+135%), from €424 to €997
- Financial income +€421
up €421 (+403%), from €104 to €525
- Depreciation +€420
up €420 (+861%), from €49 to €468
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,451 | €62,154 | +€28,703 | +85.8% |
| Fixed assets | 21/28 | €901 | €3,105 | +€2,204 | +245% |
| Tangible fixed assets | 22/27 | €901 | €3,105 | +€2,204 | +245% |
| Plant, machinery and equipment | 23 | - | €1,632 | +€1,632 | |
| Furniture and vehicles | 24 | €901 | €1,473 | +€572 | +63.5% |
| Current assets | 29/58 | €32,549 | €59,048 | +€26,499 | +81.4% |
| Amounts receivable within one year | 40/41 | €27,938 | €56,719 | +€28,781 | +103% |
| Trade receivables | 40 | €18,678 | €50,133 | +€31,455 | +168% |
| Other amounts receivable | 41 | €9,260 | €6,586 | -€2,674 | -28.9% |
| Cash at bank and in hand | 54/58 | €2,958 | €604 | -€2,354 | -79.6% |
| Deferred charges and accrued income | 490/1 | €1,653 | €1,725 | +€72 | +4.4% |
| Total equity and liabilities | 10/49 | €33,451 | €62,154 | +€28,703 | +85.8% |
| Equity | 10/15 | €11,727 | €21,375 | +€9,648 | +82.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,727 | €11,375 | +€9,648 | +559% |
| Amounts payable | 17/49 | €21,723 | €40,778 | +€19,055 | +87.7% |
| Amounts payable within one year | 42/48 | €21,723 | €40,778 | +€19,055 | +87.7% |
| Trade debts | 44 | €17,081 | €37,817 | +€20,736 | +121% |
| Suppliers | 440/4 | €17,081 | €37,817 | +€20,736 | +121% |
| Taxes, remuneration and social security | 45 | €4,642 | €2,962 | -€1,681 | -36.2% |
| Taxes | 450/3 | €4,642 | €2,962 | -€1,681 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €468 | +€420 | +861% |
| Other operating charges | 640/8 | €424 | €997 | +€572 | +135% |
| Gross operating margin | 9900 | €2,542 | €13,312 | +€10,770 | +424% |
| Operating profit (loss) | 9901 | €2,069 | €11,848 | +€9,779 | +473% |
| Financial income | 75/76B | €104 | €525 | +€421 | +403% |
| Recurring financial income | 75 | €104 | €525 | +€421 | +403% |
| Financial charges | 65/66B | €4 | €206 | +€202 | +5,572% |
| Recurring financial charges | 65 | €4 | €206 | +€202 | +5,572% |
| Profit (loss) for the period before taxes | 9903 | €2,170 | €12,167 | +€9,997 | +461% |
| Income taxes | 67/77 | €442 | €2,519 | +€2,077 | +469% |
| Profit (loss) for the period | 9904 | €1,727 | €9,648 | +€7,920 | +459% |
| Profit (loss) for the period to be appropriated | 9905 | €1,727 | €9,648 | +€7,920 | +459% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.