GEOPRO: 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.
GEOPRO
Largest movements
- Stocks and contracts +€162,250
up €162,250 (+110%), from €147,062 to €309,312
- Cash +€100,881
up €100,881 (+6.7%), from €1.5m to €1.6m
mainly Net result for the year (+€1.2m) and Depreciation (+€70,339)
- Receivables within one year -€68,188
down €68,188 (-21.1%), from €323,903 to €255,714
of which Trade receivables: -€64,591
- Financial fixed assets -€51,427
no longer reported in 2025 (was €51,427)
- Tangible fixed assets -€49,166
down €49,166 (-8.2%), from €601,622 to €552,456
of which Furniture and vehicles: -€45,345
- Profit (loss) carried forward +€179,769
up €179,769 (+9.4%), from €1.9m to €2.1m
- Tax, wage and social debts -€80,656
down €80,656 (-41.0%), from €196,896 to €116,239
of which Taxes: -€83,410
- Trade debts +€63,742
up €63,742 (+21.2%), from €301,039 to €364,781
- Other debts -€38,555
down €38,555 (-96.5%), from €39,959 to €1,404
- Financial income +€402,605
up €402,605 (+414%), from €97,356 to €499,961
of which Non-recurring financial income: +€498,573
- Financial charges -€180,488
down €180,488 (-38.8%), from €465,272 to €284,784
- Taxes +€166,493
up €166,493 (+64.4%), from €258,408 to €424,900
- Gross operating margin +€152,389
up €152,389 (+8.0%), from €1.9m to €2.1m
- Staff costs +€112,721
up €112,721 (+25.9%), from €435,259 to €547,980
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.
Derived cash bridge
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 | €2,622,080 | €2,726,281 | +€104,201 | +4.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €653,049 | €552,456 | -€100,593 | -15.4% |
| Tangible fixed assets | 22/27 | €601,622 | €552,456 | -€49,166 | -8.2% |
| Land and buildings | 22 | €355,433 | €339,860 | -€15,573 | -4.4% |
| Plant, machinery and equipment | 23 | €137,106 | €150,085 | +€12,979 | +9.5% |
| Furniture and vehicles | 24 | €104,883 | €59,538 | -€45,345 | -43.2% |
| Other tangible fixed assets | 26 | €4,200 | €2,973 | -€1,227 | -29.2% |
| Financial fixed assets | 28 | €51,427 | - | -€51,427 | |
| Current assets | 29/58 | €1,969,030 | €2,173,825 | +€204,794 | +10.4% |
| Stocks and contracts in progress | 3 | €147,062 | €309,312 | +€162,250 | +110% |
| Stocks | 30/36 | €147,062 | €309,312 | +€162,250 | +110% |
| Amounts receivable within one year | 40/41 | €323,903 | €255,714 | -€68,188 | -21.1% |
| Trade receivables | 40 | €281,870 | €217,279 | -€64,591 | -22.9% |
| Other amounts receivable | 41 | €42,033 | €38,435 | -€3,597 | -8.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,498,066 | €1,598,947 | +€100,881 | +6.7% |
| Deferred charges and accrued income | 490/1 | €0 | €9,852 | +€9,852 | |
| Total equity and liabilities | 10/49 | €2,622,080 | €2,726,281 | +€104,201 | +4.0% |
| Equity | 10/15 | €2,061,908 | €2,241,677 | +€179,769 | +8.7% |
| Contributions | 10/11 | €124,200 | €124,200 | = | 0.0% |
| Capital | 10 | €124,200 | €124,200 | = | 0.0% |
| Issued capital | 100 | €124,200 | €124,200 | = | 0.0% |
| Reserves | 13 | €31,170 | €31,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,420 | €12,420 | = | 0.0% |
| Legal reserve | 130 | €12,420 | €12,420 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,906,538 | €2,086,307 | +€179,769 | +9.4% |
| Amounts payable | 17/49 | €560,172 | €484,604 | -€75,568 | -13.5% |
| Amounts payable within one year | 42/48 | €560,172 | €482,424 | -€77,748 | -13.9% |
| Trade debts | 44 | €301,039 | €364,781 | +€63,742 | +21.2% |
| Suppliers | 440/4 | €301,039 | €364,781 | +€63,742 | +21.2% |
| Advances received on contracts in progress | 46 | €22,278 | - | -€22,278 | |
| Taxes, remuneration and social security | 45 | €196,896 | €116,239 | -€80,656 | -41.0% |
| Taxes | 450/3 | €106,106 | €22,696 | -€83,410 | -78.6% |
| Remuneration and social security | 454/9 | €90,790 | €93,543 | +€2,754 | +3.0% |
| Other amounts payable | 47/48 | €39,959 | €1,404 | -€38,555 | -96.5% |
| Accrued charges and deferred income | 492/3 | €0 | €2,180 | +€2,180 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €435,259 | €547,980 | +€112,721 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,849 | €70,339 | +€4,490 | +6.8% |
| Other operating charges | 640/8 | €8,949 | €12,581 | +€3,632 | +40.6% |
| Non-recurring operating charges | 66A | €0 | €11,448 | +€11,448 | |
| Gross operating margin | 9900 | €1,903,079 | €2,055,469 | +€152,389 | +8.0% |
| Operating profit (loss) | 9901 | €1,393,022 | €1,413,121 | +€20,099 | +1.4% |
| Financial income | 75/76B | €97,356 | €499,961 | +€402,605 | +414% |
| Recurring financial income | 75 | €97,356 | €1,388 | -€95,968 | -98.6% |
| Non-recurring financial income | 76B | - | €498,573 | +€498,573 | |
| Financial charges | 65/66B | €465,272 | €284,784 | -€180,488 | -38.8% |
| Recurring financial charges | 65 | €465,272 | €284,784 | -€180,488 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €1,025,107 | €1,628,298 | +€603,191 | +58.8% |
| Income taxes | 67/77 | €258,408 | €424,900 | +€166,493 | +64.4% |
| Profit (loss) for the period | 9904 | €766,699 | €1,203,398 | +€436,699 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €766,699 | €1,203,398 | +€436,699 | +57.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.