GEOTECH: 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.
GEOTECH
Largest movements
- Receivables within one year +€57,130
up €57,130 (+54.8%), from €104,205 to €161,335
of which Trade receivables: +€65,178
- Current investments +€30,000
up €30,000 (+32.4%), from €92,500 to €122,500
- Tangible fixed assets -€11,635
down €11,635 (-6.9%), from €169,680 to €158,045
of which Land and buildings: -€6,235
- Cash -€10,862
down €10,862 (-12.5%), from €86,830 to €75,968
mainly Receivables within one year (-€57,130) and Current investments (-€30,000)
- Tax, wage and social debts +€41,365
up €41,365 (+147%), from €28,101 to €69,466
of which Remuneration and social security: +€21,367
- Reserves +€39,833
up €39,833 (+14.0%), from €284,175 to €324,008
of which Distributable reserves: +€45,000
- Debts after one year -€17,276
down €17,276 (-31.0%), from €55,643 to €38,367
- Gross operating margin +€79,960
up €79,960 (+43.0%), from €186,162 to €266,123
- Staff costs +€32,318
up €32,318 (+23.4%), from €138,157 to €170,475
- Taxes +€25,177
up €25,177 (+475%), from €5,305 to €30,482
- Depreciation -€5,369
down €5,369 (-27.2%), from €19,727 to €14,358
- Write-downs +€2,846
new in 2025: €2,846
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 | €455,593 | €517,923 | +€62,330 | +13.7% |
| Fixed assets | 21/28 | €169,754 | €158,120 | -€11,635 | -6.9% |
| Tangible fixed assets | 22/27 | €169,680 | €158,045 | -€11,635 | -6.9% |
| Land and buildings | 22 | €141,510 | €135,275 | -€6,235 | -4.4% |
| Plant, machinery and equipment | 23 | €8,163 | €4,624 | -€3,540 | -43.4% |
| Furniture and vehicles | 24 | €20,007 | €18,146 | -€1,861 | -9.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €285,838 | €359,803 | +€73,965 | +25.9% |
| Amounts receivable within one year | 40/41 | €104,205 | €161,335 | +€57,130 | +54.8% |
| Trade receivables | 40 | €94,513 | €159,691 | +€65,178 | +69.0% |
| Other amounts receivable | 41 | €9,692 | €1,644 | -€8,048 | -83.0% |
| Current investments | 50/53 | €92,500 | €122,500 | +€30,000 | +32.4% |
| Cash at bank and in hand | 54/58 | €86,830 | €75,968 | -€10,862 | -12.5% |
| Deferred charges and accrued income | 490/1 | €2,304 | €0 | -€2,304 | -100% |
| Total equity and liabilities | 10/49 | €455,593 | €517,923 | +€62,330 | +13.7% |
| Equity | 10/15 | €327,478 | €367,972 | +€40,494 | +12.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €284,175 | €324,008 | +€39,833 | +14.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,675 | €89,508 | -€5,167 | -5.5% |
| Distributable reserves | 133 | €187,000 | €232,000 | +€45,000 | +24.1% |
| Profit (loss) carried forward | 14 | €18,303 | €18,965 | +€661 | +3.6% |
| Provisions and deferred taxes | 16 | €24,263 | €22,939 | -€1,324 | -5.5% |
| Deferred taxes | 168 | €24,263 | €22,939 | -€1,324 | -5.5% |
| Amounts payable | 17/49 | €103,851 | €127,011 | +€23,160 | +22.3% |
| Amounts payable after more than one year | 17 | €55,643 | €38,367 | -€17,276 | -31.0% |
| Financial debts | 170/4 | €55,643 | €38,367 | -€17,276 | -31.0% |
| Amounts payable within one year | 42/48 | €48,208 | €88,644 | +€40,436 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €16,821 | €17,276 | +€455 | +2.7% |
| Trade debts | 44 | €3,286 | €1,902 | -€1,384 | -42.1% |
| Suppliers | 440/4 | €3,286 | €1,902 | -€1,384 | -42.1% |
| Taxes, remuneration and social security | 45 | €28,101 | €69,466 | +€41,365 | +147% |
| Taxes | 450/3 | €28,101 | €48,099 | +€19,998 | +71.2% |
| Remuneration and social security | 454/9 | €0 | €21,367 | +€21,367 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €138,157 | €170,475 | +€32,318 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,727 | €14,358 | -€5,369 | -27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,846 | +€2,846 | |
| Other operating charges | 640/8 | €4,315 | €4,305 | -€11 | -0.3% |
| Gross operating margin | 9900 | €186,162 | €266,123 | +€79,960 | +43.0% |
| Operating profit (loss) | 9901 | €23,963 | €74,140 | +€50,177 | +209% |
| Financial income | 75/76B | €5 | €71 | +€66 | +1,329% |
| Recurring financial income | 75 | €5 | €71 | +€66 | +1,329% |
| Financial charges | 65/66B | €5,509 | €4,560 | -€950 | -17.2% |
| Recurring financial charges | 65 | €5,509 | €4,560 | -€950 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €18,459 | €69,652 | +€51,193 | +277% |
| Transfer from deferred taxes | 780 | €1,324 | €1,324 | = | 0.0% |
| Income taxes | 67/77 | €5,305 | €30,482 | +€25,177 | +475% |
| Profit (loss) for the period | 9904 | €14,478 | €40,494 | +€26,016 | +180% |
| Transfer from tax-exempt reserves | 789 | €5,167 | €5,167 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,645 | €45,661 | +€26,016 | +132% |
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 20 October 2026 via checked.be.