GEOPROJET: 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.
GEOPROJET
Largest movements
- Financial fixed assets +€35,000
up €35,000 (+15.9%), from €220,081 to €255,081
- Receivables within one year +€11,524
up €11,524 (+11.6%), from €99,097 to €110,621
of which Other amounts receivable: +€32,787
- Deferred charges and accrued income -€10,793
down €10,793 (-24.8%), from €43,589 to €32,797
- Tangible fixed assets -€8,826
down €8,826 (-7.0%), from €125,480 to €116,654
of which Land and buildings: -€8,524
- Reserves +€78,000
up €78,000 (+45.9%), from €170,000 to €248,000
of which Distributable reserves: +€78,000
- Other debts -€41,900
down €41,900 (-58.3%), from €71,900 to €30,000
- Tax, wage and social debts -€24,653
down €24,653 (-49.1%), from €50,194 to €25,540
of which Taxes: -€18,695
- Trade debts +€20,981
up €20,981 (+157.3%), from €13,337 to €34,319
- Debts after one year -€10,114
no longer reported in 2025 (was €10,114)
- Gross operating margin +€137,728
up €137,728 (+118.4%), from €116,308 to €254,036
- Staff costs +€116,134
up €116,134 (+133.6%), from €86,943 to €203,077
- Other operating charges -€10,021
down €10,021 (-91.3%), from €10,980 to €960
- Taxes +€9,090
up €9,090 (+112.9%), from €8,053 to €17,143
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 | €510,760 | €533,734 | +€22,974 | +4.5% |
| Fixed assets | 21/28 | €345,561 | €371,735 | +€26,174 | +7.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €125,480 | €116,654 | -€8,826 | -7.0% |
| Land and buildings | 22 | €121,916 | €113,392 | -€8,524 | -7.0% |
| Furniture and vehicles | 24 | €3,564 | €3,261 | -€302 | -8.5% |
| Financial fixed assets | 28 | €220,081 | €255,081 | +€35,000 | +15.9% |
| Current assets | 29/58 | €165,198 | €161,999 | -€3,200 | -1.9% |
| Amounts receivable within one year | 40/41 | €99,097 | €110,621 | +€11,524 | +11.6% |
| Trade receivables | 40 | €48,650 | €27,388 | -€21,262 | -43.7% |
| Other amounts receivable | 41 | €50,447 | €83,233 | +€32,787 | +65.0% |
| Current investments | 50/53 | €367 | €367 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,146 | €18,215 | -€3,931 | -17.8% |
| Deferred charges and accrued income | 490/1 | €43,589 | €32,797 | -€10,793 | -24.8% |
| Total equity and liabilities | 10/49 | €510,760 | €533,734 | +€22,974 | +4.5% |
| Equity | 10/15 | €365,215 | €443,875 | +€78,660 | +21.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €170,000 | €248,000 | +€78,000 | +45.9% |
| Tax-exempt reserves | 132 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €148,000 | +€78,000 | +111.4% |
| Profit (loss) carried forward | 14 | €155,215 | €155,875 | +€660 | +0.4% |
| Amounts payable | 17/49 | €145,545 | €89,859 | -€55,686 | -38.3% |
| Amounts payable after more than one year | 17 | €10,114 | - | -€10,114 | |
| Financial debts | 170/4 | €10,114 | - | -€10,114 | |
| Amounts payable within one year | 42/48 | €135,431 | €89,859 | -€45,572 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,337 | €34,319 | +€20,981 | +157.3% |
| Suppliers | 440/4 | €13,337 | €34,319 | +€20,981 | +157.3% |
| Taxes, remuneration and social security | 45 | €50,194 | €25,540 | -€24,653 | -49.1% |
| Taxes | 450/3 | €40,661 | €21,966 | -€18,695 | -46.0% |
| Remuneration and social security | 454/9 | €9,532 | €3,575 | -€5,958 | -62.5% |
| Other amounts payable | 47/48 | €71,900 | €30,000 | -€41,900 | -58.3% |
| Remuneration, social security and pensions | 62 | €86,943 | €203,077 | +€116,134 | +133.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,337 | €11,405 | +€1,068 | +10.3% |
| Other operating charges | 640/8 | €10,980 | €960 | -€10,021 | -91.3% |
| Gross operating margin | 9900 | €116,308 | €254,036 | +€137,728 | +118.4% |
| Operating profit (loss) | 9901 | €8,048 | €38,595 | +€30,547 | +379.6% |
| Financial income | 75/76B | €60,144 | €60,417 | +€273 | +0.5% |
| Recurring financial income | 75 | €60,144 | €60,417 | +€273 | +0.5% |
| Financial charges | 65/66B | €1,894 | €3,209 | +€1,315 | +69.5% |
| Recurring financial charges | 65 | €1,894 | €3,209 | +€1,315 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €66,298 | €95,803 | +€29,505 | +44.5% |
| Income taxes | 67/77 | €8,053 | €17,143 | +€9,090 | +112.9% |
| Profit (loss) for the period | 9904 | €58,245 | €78,660 | +€20,414 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,245 | €78,660 | +€20,414 | +35.0% |
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 12 October 2026 via checked.be.