GEOPAT: what changed
GEOPAT
Largest movements
- Cash -€77,031
down €77,031 (-40.9%), from €188,170 to €111,139
mainly Contributions, distributions and other (-€50,000) and Other debts (-€34,684)
- Stocks and contracts +€28,029
up €28,029 (+96.1%), from €29,153 to €57,182
- Deferred charges and accrued income +€5,300
up €5,300, from €0 to €5,300
- Receivables within one year +€4,215
up €4,215 (+13.3%), from €31,581 to €35,796
of which Trade receivables: +€5,568
- Tangible fixed assets -€3,449
down €3,449 (-5.0%), from €68,347 to €64,898
of which Other tangible fixed assets: -€12,010
- Other debts -€34,684
down €34,684 (-25.0%), from €138,722 to €104,037
- Reserves -€17,374
down €17,374 (-12.4%), from €140,071 to €122,697
- Trade debts +€16,096
up €16,096 (+331%), from €4,868 to €20,964
- Tax, wage and social debts -€12,011
down €12,011 (-71.5%), from €16,795 to €4,784
- Gross operating margin -€35,609
down €35,609 (-31.9%), from €111,695 to €76,087
- Taxes -€9,615
down €9,615 (-54.2%), from €17,744 to €8,129
- Financial charges +€6,125
up €6,125 (+1,644%), from €373 to €6,497
- Financial income -€2,473
down €2,473 (-79.5%), from €3,112 to €638
- Other operating charges -€1,136
down €1,136 (-42.3%), from €2,684 to €1,549
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 | €320,456 | €274,313 | -€46,143 | -14.4% |
| Fixed assets | 21/28 | €71,552 | €64,898 | -€6,655 | -9.3% |
| Intangible fixed assets | 21 | €3,206 | €0 | -€3,206 | -100% |
| Tangible fixed assets | 22/27 | €68,347 | €64,898 | -€3,449 | -5.0% |
| Plant, machinery and equipment | 23 | €9,273 | €25,662 | +€16,390 | +177% |
| Furniture and vehicles | 24 | €25,152 | €17,323 | -€7,830 | -31.1% |
| Other tangible fixed assets | 26 | €33,922 | €21,912 | -€12,010 | -35.4% |
| Current assets | 29/58 | €248,904 | €209,416 | -€39,488 | -15.9% |
| Stocks and contracts in progress | 3 | €29,153 | €57,182 | +€28,029 | +96.1% |
| Stocks | 30/36 | €29,153 | €57,182 | +€28,029 | +96.1% |
| Amounts receivable within one year | 40/41 | €31,581 | €35,796 | +€4,215 | +13.3% |
| Trade receivables | 40 | €23,169 | €28,737 | +€5,568 | +24.0% |
| Other amounts receivable | 41 | €8,412 | €7,058 | -€1,354 | -16.1% |
| Cash at bank and in hand | 54/58 | €188,170 | €111,139 | -€77,031 | -40.9% |
| Deferred charges and accrued income | 490/1 | €0 | €5,300 | +€5,300 | |
| Total equity and liabilities | 10/49 | €320,456 | €274,313 | -€46,143 | -14.4% |
| Equity | 10/15 | €160,071 | €142,697 | -€17,374 | -10.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €140,071 | €122,697 | -€17,374 | -12.4% |
| Distributable reserves | 133 | €140,071 | €122,697 | -€17,374 | -12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,385 | €131,616 | -€28,769 | -17.9% |
| Amounts payable within one year | 42/48 | €160,385 | €129,785 | -€30,599 | -19.1% |
| Trade debts | 44 | €4,868 | €20,964 | +€16,096 | +331% |
| Suppliers | 440/4 | €4,868 | €20,964 | +€16,096 | +331% |
| Taxes, remuneration and social security | 45 | €16,795 | €4,784 | -€12,011 | -71.5% |
| Taxes | 450/3 | €16,795 | €4,784 | -€12,011 | -71.5% |
| Other amounts payable | 47/48 | €138,722 | €104,037 | -€34,684 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €1,831 | +€1,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,603 | €27,924 | -€679 | -2.4% |
| Other operating charges | 640/8 | €2,684 | €1,549 | -€1,136 | -42.3% |
| Gross operating margin | 9900 | €111,695 | €76,087 | -€35,609 | -31.9% |
| Operating profit (loss) | 9901 | €80,408 | €46,614 | -€33,794 | -42.0% |
| Financial income | 75/76B | €3,112 | €638 | -€2,473 | -79.5% |
| Recurring financial income | 75 | €3,112 | €638 | -€2,473 | -79.5% |
| Financial charges | 65/66B | €373 | €6,497 | +€6,125 | +1,644% |
| Recurring financial charges | 65 | €373 | €6,497 | +€6,125 | +1,644% |
| Profit (loss) for the period before taxes | 9903 | €83,147 | €40,755 | -€42,393 | -51.0% |
| Income taxes | 67/77 | €17,744 | €8,129 | -€9,615 | -54.2% |
| Profit (loss) for the period | 9904 | €65,404 | €32,626 | -€32,778 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,404 | €32,626 | -€32,778 | -50.1% |
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 3 November 2026 via checked.be.