GEOPOWER: 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.
GEOPOWER
Largest movements
- Receivables within one year +€144,614
up €144,614 (+253.1%), from €57,127 to €201,741
of which Trade receivables: +€131,065
- Cash -€93,674
down €93,674 (-53.5%), from €175,128 to €81,454
mainly Receivables within one year (-€144,614) and Stocks and contracts (-€69,273)
- Stocks and contracts +€69,273
up €69,273 (+334.5%), from €20,712 to €89,985
- Tangible fixed assets +€19,660
up €19,660 (+87.7%), from €22,428 to €42,088
of which Other tangible fixed assets: +€11,112
- Deferred charges and accrued income +€7,544
up €7,544 (+285.3%), from €2,644 to €10,189
- Advances received +€93,216
up €93,216 (+380.5%), from €24,501 to €117,716
- Reserves +€46,392
up €46,392 (+203.3%), from €22,820 to €69,212
- Trade debts +€44,754
up €44,754 (+71.3%), from €62,798 to €107,552
- Debts after one year -€24,986
down €24,986 (-29.8%), from €83,878 to €58,892
- Other debts -€24,600
down €24,600 (-96.2%), from €25,565 to €965
- Gross operating margin +€32,234
up €32,234 (+38.5%), from €83,816 to €116,050
- Staff costs +€20,539
up €20,539 (+137.8%), from €14,900 to €35,439
- Taxes +€8,159
up €8,159 (+109.2%), from €7,470 to €15,628
- Financial charges +€7,726
up €7,726 (+131.2%), from €5,890 to €13,616
- Financial income +€1,888
up €1,888 (+322.5%), from €585 to €2,473
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,040 | €425,458 | +€147,418 | +53.0% |
| Fixed assets | 21/28 | €22,428 | €42,088 | +€19,660 | +87.7% |
| Tangible fixed assets | 22/27 | €22,428 | €42,088 | +€19,660 | +87.7% |
| Plant, machinery and equipment | 23 | €6,801 | €9,503 | +€2,703 | +39.7% |
| Furniture and vehicles | 24 | €5,003 | €10,848 | +€5,845 | +116.8% |
| Other tangible fixed assets | 26 | €10,624 | €21,736 | +€11,112 | +104.6% |
| Current assets | 29/58 | €255,612 | €383,369 | +€127,758 | +50.0% |
| Stocks and contracts in progress | 3 | €20,712 | €89,985 | +€69,273 | +334.5% |
| Stocks | 30/36 | €20,712 | €89,985 | +€69,273 | +334.5% |
| Amounts receivable within one year | 40/41 | €57,127 | €201,741 | +€144,614 | +253.1% |
| Trade receivables | 40 | €46,394 | €177,459 | +€131,065 | +282.5% |
| Other amounts receivable | 41 | €10,733 | €24,282 | +€13,549 | +126.2% |
| Cash at bank and in hand | 54/58 | €175,128 | €81,454 | -€93,674 | -53.5% |
| Deferred charges and accrued income | 490/1 | €2,644 | €10,189 | +€7,544 | +285.3% |
| Total equity and liabilities | 10/49 | €278,040 | €425,458 | +€147,418 | +53.0% |
| Equity | 10/15 | €42,820 | €89,212 | +€46,392 | +108.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,820 | €69,212 | +€46,392 | +203.3% |
| Distributable reserves | 133 | €22,820 | €69,212 | +€46,392 | +203.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €235,220 | €336,245 | +€101,025 | +42.9% |
| Amounts payable after more than one year | 17 | €83,878 | €58,892 | -€24,986 | -29.8% |
| Financial debts | 170/4 | €83,878 | €58,892 | -€24,986 | -29.8% |
| Amounts payable within one year | 42/48 | €144,592 | €277,353 | +€132,762 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | €24,259 | €24,986 | +€728 | +3.0% |
| Trade debts | 44 | €62,798 | €107,552 | +€44,754 | +71.3% |
| Suppliers | 440/4 | €62,798 | €107,552 | +€44,754 | +71.3% |
| Advances received on contracts in progress | 46 | €24,501 | €117,716 | +€93,216 | +380.5% |
| Taxes, remuneration and social security | 45 | €7,470 | €26,134 | +€18,664 | +249.9% |
| Taxes | 450/3 | €7,470 | €23,098 | +€15,628 | +209.2% |
| Remuneration and social security | 454/9 | - | €3,036 | +€3,036 | |
| Other amounts payable | 47/48 | €25,565 | €965 | -€24,600 | -96.2% |
| Accrued charges and deferred income | 492/3 | €6,750 | €0 | -€6,750 | -100.0% |
| Remuneration, social security and pensions | 62 | €14,900 | €35,439 | +€20,539 | +137.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,684 | €6,663 | -€21 | -0.3% |
| Other operating charges | 640/8 | €1,638 | €785 | -€853 | -52.1% |
| Gross operating margin | 9900 | €83,816 | €116,050 | +€32,234 | +38.5% |
| Operating profit (loss) | 9901 | €60,594 | €73,163 | +€12,569 | +20.7% |
| Financial income | 75/76B | €585 | €2,473 | +€1,888 | +322.5% |
| Recurring financial income | 75 | €585 | €2,473 | +€1,888 | +322.5% |
| Financial charges | 65/66B | €5,890 | €13,616 | +€7,726 | +131.2% |
| Recurring financial charges | 65 | €5,890 | €13,616 | +€7,726 | +131.2% |
| Profit (loss) for the period before taxes | 9903 | €55,290 | €62,021 | +€6,731 | +12.2% |
| Income taxes | 67/77 | €7,470 | €15,628 | +€8,159 | +109.2% |
| Profit (loss) for the period | 9904 | €47,820 | €46,392 | -€1,427 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,820 | €46,392 | -€1,427 | -3.0% |
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 8 October 2026 via checked.be.