GEOTEC: 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.
GEOTEC
Largest movements
- Current investments -€750,000
no longer reported in 2025 (was €750,000)
- Receivables within one year -€136,979
down €136,979 (-12.3%), from €1.1m to €980,394
of which Trade receivables: -€154,371
- Tangible fixed assets +€67,065
up €67,065 (+11.0%), from €609,680 to €676,745
of which Plant, machinery and equipment: +€63,580
- Deferred charges and accrued income +€44,680
up €44,680 (+59.3%), from €75,282 to €119,962
- Other debts -€300,049
down €300,049 (-22.7%), from €1.3m to €1.0m
- Trade debts -€254,738
down €254,738 (-22.2%), from €1.1m to €892,704
- Reserves -€171,284
down €171,284 (-50.4%), from €340,029 to €168,745
of which Distributable reserves: -€171,284
- Debts after one year -€46,721
down €46,721 (-30.0%), from €155,675 to €108,954
- Gross operating margin +€195,392
up €195,392 (+6.6%), from €3.0m to €3.2m
- Staff costs +€147,151
up €147,151 (+8.6%), from €1.7m to €1.9m
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 | €3,383,826 | €2,582,732 | -€801,094 | -23.7% |
| Fixed assets | 21/28 | €609,680 | €676,745 | +€67,065 | +11.0% |
| Tangible fixed assets | 22/27 | €609,680 | €676,745 | +€67,065 | +11.0% |
| Plant, machinery and equipment | 23 | €139,464 | €203,045 | +€63,580 | +45.6% |
| Furniture and vehicles | 24 | €250,297 | €240,725 | -€9,572 | -3.8% |
| Leasing and similar rights | 25 | €31,072 | €57,083 | +€26,011 | +83.7% |
| Other tangible fixed assets | 26 | €188,847 | €175,892 | -€12,955 | -6.9% |
| Current assets | 29/58 | €2,774,146 | €1,905,987 | -€868,159 | -31.3% |
| Amounts receivable within one year | 40/41 | €1,117,373 | €980,394 | -€136,979 | -12.3% |
| Trade receivables | 40 | €776,638 | €622,267 | -€154,371 | -19.9% |
| Other amounts receivable | 41 | €340,736 | €358,128 | +€17,392 | +5.1% |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €831,491 | €805,630 | -€25,860 | -3.1% |
| Deferred charges and accrued income | 490/1 | €75,282 | €119,962 | +€44,680 | +59.3% |
| Total equity and liabilities | 10/49 | €3,383,826 | €2,582,732 | -€801,094 | -23.7% |
| Equity | 10/15 | €359,376 | €188,092 | -€171,284 | -47.7% |
| Contributions | 10/11 | €19,347 | €19,347 | = | 0.0% |
| Reserves | 13 | €340,029 | €168,745 | -€171,284 | -50.4% |
| Non-distributable reserves | 130/1 | €835 | €835 | = | 0.0% |
| Reserves not available under the articles | 1311 | €835 | €835 | = | 0.0% |
| Distributable reserves | 133 | €339,194 | €167,910 | -€171,284 | -50.5% |
| Amounts payable | 17/49 | €3,024,450 | €2,394,640 | -€629,810 | -20.8% |
| Amounts payable after more than one year | 17 | €155,675 | €108,954 | -€46,721 | -30.0% |
| Financial debts | 170/4 | €155,675 | €108,954 | -€46,721 | -30.0% |
| Amounts payable within one year | 42/48 | €2,868,775 | €2,285,686 | -€583,089 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €68,217 | €76,493 | +€8,276 | +12.1% |
| Trade debts | 44 | €1,147,442 | €892,704 | -€254,738 | -22.2% |
| Suppliers | 440/4 | €1,147,442 | €892,704 | -€254,738 | -22.2% |
| Advances received on contracts in progress | 46 | €3,001 | - | -€3,001 | |
| Taxes, remuneration and social security | 45 | €329,253 | €295,676 | -€33,577 | -10.2% |
| Taxes | 450/3 | €84,859 | €54,893 | -€29,966 | -35.3% |
| Remuneration and social security | 454/9 | €244,394 | €240,783 | -€3,610 | -1.5% |
| Other amounts payable | 47/48 | €1,320,861 | €1,020,812 | -€300,049 | -22.7% |
| Non-recurring operating income | 76A | - | €496 | +€496 | |
| Remuneration, social security and pensions | 62 | €1,702,924 | €1,850,075 | +€147,151 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,966 | €240,457 | +€30,491 | +14.5% |
| Other operating charges | 640/8 | €9,216 | €3,159 | -€6,056 | -65.7% |
| Non-recurring operating charges | 66A | - | €487 | +€487 | |
| Gross operating margin | 9900 | €2,980,511 | €3,175,902 | +€195,392 | +6.6% |
| Operating profit (loss) | 9901 | €1,058,405 | €1,081,724 | +€23,320 | +2.2% |
| Financial income | 75/76B | €3,364 | €8,352 | +€4,989 | +148.3% |
| Recurring financial income | 75 | €3,364 | €8,352 | +€4,989 | +148.3% |
| Financial charges | 65/66B | €10,736 | €8,672 | -€2,064 | -19.2% |
| Recurring financial charges | 65 | €10,736 | €8,672 | -€2,064 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €1,051,032 | €1,081,404 | +€30,372 | +2.9% |
| Income taxes | 67/77 | €41,722 | €41,602 | -€121 | -0.3% |
| Profit (loss) for the period | 9904 | €1,009,310 | €1,039,803 | +€30,493 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,009,310 | €1,039,803 | +€30,493 | +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 7 October 2026 via checked.be.