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 +€3.8m
up €3.8m (+176%), from €2.1m to €5.9m
of which Trade receivables: +€3.8m
- Cash -€752,325
down €752,325 (-34.8%), from €2.2m to €1.4m
mainly Receivables within one year (-€3.8m) and Stocks and contracts (-€328,952)
- Stocks and contracts +€328,952
up €328,952 (+79.4%), from €414,088 to €743,040
- Trade debts +€1.4m
up €1.4m (+50.4%), from €2.8m to €4.2m
- Reserves +€1.2m
up €1.2m (+68.0%), from €1.7m to €2.9m
of which Distributable reserves: +€1.2m
- Debts after one year +€430,620
new in 2025: €430,620
- Tax, wage and social debts +€247,664
up €247,664 (+330%), from €75,149 to €322,813
of which Taxes: +€242,001
- Short-term financial debts +€123,952
up €123,952 (+1,223%), from €10,132 to €134,083
- Turnover +€5.6m
up €5.6m (+106%), from €5.3m to €11.0m
- Purchases and services +€4.7m
up €4.7m (+100%), from €4.7m to €9.5m
- Gross operating margin +€1.0m
up €1.0m (+225%), from €461,155 to €1.5m
- Taxes +€272,347
up €272,347 (+479%), from €56,830 to €329,177
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 | €6,115,724 | €9,446,786 | +€3.3m | +54.5% |
| Fixed assets | 21/28 | €1,406,759 | €1,406,456 | -€303 | 0.0% |
| Tangible fixed assets | 22/27 | €2,745 | €2,442 | -€303 | -11.0% |
| Furniture and vehicles | 24 | €2,745 | €2,442 | -€303 | -11.0% |
| Financial fixed assets | 28 | €1,404,013 | €1,404,013 | = | 0.0% |
| Current assets | 29/58 | €4,708,965 | €8,040,330 | +€3.3m | +70.7% |
| Stocks and contracts in progress | 3 | €414,088 | €743,040 | +€328,952 | +79.4% |
| Stocks | 30/36 | €414,088 | €743,040 | +€328,952 | +79.4% |
| Amounts receivable within one year | 40/41 | €2,135,507 | €5,890,245 | +€3.8m | +176% |
| Trade receivables | 40 | €2,069,777 | €5,824,961 | +€3.8m | +181% |
| Other amounts receivable | 41 | €65,730 | €65,284 | -€446 | -0.7% |
| Cash at bank and in hand | 54/58 | €2,159,371 | €1,407,045 | -€752,325 | -34.8% |
| Total equity and liabilities | 10/49 | €6,115,724 | €9,446,786 | +€3.3m | +54.5% |
| Equity | 10/15 | €1,763,920 | €2,922,184 | +€1.2m | +65.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,703,920 | €2,862,184 | +€1.2m | +68.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €1,697,920 | €2,856,184 | +€1.2m | +68.2% |
| Amounts payable | 17/49 | €4,351,804 | €6,524,602 | +€2.2m | +49.9% |
| Amounts payable after more than one year | 17 | - | €430,620 | +€430,620 | |
| Financial debts | 170/4 | - | €430,620 | +€430,620 | |
| Amounts payable within one year | 42/48 | €4,351,804 | €6,093,982 | +€1.7m | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €10,132 | €134,083 | +€123,952 | +1,223% |
| Credit institutions | 430/8 | €10,132 | €134,083 | +€123,952 | +1,223% |
| Trade debts | 44 | €2,785,455 | €4,188,105 | +€1.4m | +50.4% |
| Suppliers | 440/4 | €2,785,455 | €4,188,105 | +€1.4m | +50.4% |
| Taxes, remuneration and social security | 45 | €75,149 | €322,813 | +€247,664 | +330% |
| Taxes | 450/3 | €58,376 | €300,377 | +€242,001 | +415% |
| Remuneration and social security | 454/9 | €16,773 | €22,435 | +€5,663 | +33.8% |
| Other amounts payable | 47/48 | €1,481,068 | €1,448,980 | -€32,088 | -2.2% |
| Turnover | 70 | €5,340,097 | €10,982,058 | +€5.6m | +106% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,738,359 | €9,483,528 | +€4.7m | +100% |
| Remuneration, social security and pensions | 62 | €84,881 | €91,124 | +€6,242 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €2,023 | +€1,108 | +121% |
| Other operating charges | 640/8 | €2,203 | €1,872 | -€331 | -15.0% |
| Non-recurring operating charges | 66A | €1,425 | €2,489 | +€1,064 | +74.7% |
| Gross operating margin | 9900 | €461,155 | €1,498,531 | +€1.0m | +225% |
| Operating profit (loss) | 9901 | €371,730 | €1,401,022 | +€1.0m | +277% |
| Financial income | 75/76B | €157,911 | €250,911 | +€93,001 | +58.9% |
| Recurring financial income | 75 | €157,911 | €250,911 | +€93,001 | +58.9% |
| Financial charges | 65/66B | €7,482 | €64,492 | +€57,010 | +762% |
| Recurring financial charges | 65 | €7,482 | €64,492 | +€57,010 | +762% |
| Profit (loss) for the period before taxes | 9903 | €522,158 | €1,587,441 | +€1.1m | +204% |
| Income taxes | 67/77 | €56,830 | €329,177 | +€272,347 | +479% |
| Profit (loss) for the period | 9904 | €465,328 | €1,258,264 | +€792,936 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €465,328 | €1,258,264 | +€792,936 | +170% |
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 14 October 2026 via checked.be.