GEOTECHNICA: what changed
What changed
GEOTECHNICA
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€268,401
2024 · €180,074+€88,327
Equity
€497,401
2024 · €329,000+€168,401
Cash
€452,379
2024 · €337,332+€115,047
Balance sheet total
€999,212
2024 · €835,116+€164,096
Largest movements
Assets
- Cash +€115,047
up €115,047 (+34.1%), from €337,332 to €452,379
mainly Net result for the year (+€268,401) and Depreciation (+€77,530)
- Current investments +€74,000
new in 2025: €74,000
- Tangible fixed assets -€46,537
down €46,537 (-15.2%), from €305,532 to €258,995
of which Leasing and similar rights: -€55,986
- Receivables within one year +€21,118
up €21,118 (+11.7%), from €181,002 to €202,119
Equity and liabilities
- Profit (loss) carried forward +€130,000
new in 2025: €130,000
- Debts after one year -€56,284
down €56,284 (-27.0%), from €208,153 to €151,869
- Reserves +€38,401
up €38,401 (+15.1%), from €254,000 to €292,401
of which Non-distributable reserves: +€74,000
- Trade debts +€32,731
up €32,731 (+53.6%), from €61,012 to €93,743
- Other debts +€30,198
up €30,198 (+37.9%), from €79,705 to €109,903
Income statement
- Gross operating margin +€176,432
up €176,432 (+29.1%), from €606,111 to €782,543
- Staff costs +€60,302
up €60,302 (+22.2%), from €271,045 to €331,347
- Taxes +€23,620
up €23,620 (+33.2%), from €71,123 to €94,743
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€180,074
Gross operating margin
+€176,432
Staff costs
-€60,302
Depreciation
-€5,221
Write-downs
+€460
Other operating charges
-€1,618
Financial income
+€201
Financial charges
+€1,995
Taxes
-€23,620
Result 2025
€268,401
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€374,378
Investment
-€104,519
Financing
-€154,813
Cash 2024
€337,332
From operations (derived)
+€374,378
Net result for the year
+€268,401
Depreciation
+€77,530
Receivables within one year
-€21,118
Deferred charges and accrued income
-€943
Trade debts
+€32,731
Tax, wage and social debts
-€12,729
Other debts
+€30,198
Accrued charges and deferred income
+€308
Investment (derived)
-€104,519
Investment in fixed assets (net)
-€30,519
Current investments
-€74,000
Financing
-€154,813
Debts after one year
-€56,284
Current portion of long-term debt
+€1,471
Contributions, distributions and other
-€100,000
Cash 2025
€452,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,116 | €999,212 | +€164,096 | +19.6% |
| Fixed assets | 21/28 | €307,564 | €260,553 | -€47,011 | -15.3% |
| Intangible fixed assets | 21 | €1,898 | €1,423 | -€474 | -25.0% |
| Tangible fixed assets | 22/27 | €305,532 | €258,995 | -€46,537 | -15.2% |
| Land and buildings | 22 | €34,964 | €35,433 | +€469 | +1.3% |
| Plant, machinery and equipment | 23 | €25,171 | €23,686 | -€1,485 | -5.9% |
| Furniture and vehicles | 24 | €6,797 | €17,262 | +€10,465 | +154% |
| Leasing and similar rights | 25 | €238,600 | €182,614 | -€55,986 | -23.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €527,551 | €738,658 | +€211,107 | +40.0% |
| Amounts receivable within one year | 40/41 | €181,002 | €202,119 | +€21,118 | +11.7% |
| Trade receivables | 40 | €181,002 | €202,119 | +€21,118 | +11.7% |
| Current investments | 50/53 | - | €74,000 | +€74,000 | |
| Cash at bank and in hand | 54/58 | €337,332 | €452,379 | +€115,047 | +34.1% |
| Deferred charges and accrued income | 490/1 | €9,217 | €10,160 | +€943 | +10.2% |
| Total equity and liabilities | 10/49 | €835,116 | €999,212 | +€164,096 | +19.6% |
| Equity | 10/15 | €329,000 | €497,401 | +€168,401 | +51.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €254,000 | €292,401 | +€38,401 | +15.1% |
| Non-distributable reserves | 130/1 | - | €74,000 | +€74,000 | |
| Own shares acquired | 1312 | - | €74,000 | +€74,000 | |
| Distributable reserves | 133 | €254,000 | €218,401 | -€35,599 | -14.0% |
| Profit (loss) carried forward | 14 | - | €130,000 | +€130,000 | |
| Amounts payable | 17/49 | €506,116 | €501,810 | -€4,305 | -0.9% |
| Amounts payable after more than one year | 17 | €208,153 | €151,869 | -€56,284 | -27.0% |
| Financial debts | 170/4 | €208,153 | €151,869 | -€56,284 | -27.0% |
| Amounts payable within one year | 42/48 | €295,338 | €347,009 | +€51,671 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €54,813 | €56,284 | +€1,471 | +2.7% |
| Trade debts | 44 | €61,012 | €93,743 | +€32,731 | +53.6% |
| Suppliers | 440/4 | €61,012 | €93,743 | +€32,731 | +53.6% |
| Taxes, remuneration and social security | 45 | €99,807 | €87,079 | -€12,729 | -12.8% |
| Taxes | 450/3 | €69,914 | €57,506 | -€12,408 | -17.7% |
| Remuneration and social security | 454/9 | €29,893 | €29,573 | -€320 | -1.1% |
| Other amounts payable | 47/48 | €79,705 | €109,903 | +€30,198 | +37.9% |
| Accrued charges and deferred income | 492/3 | €2,625 | €2,933 | +€308 | +11.7% |
| Remuneration, social security and pensions | 62 | €271,045 | €331,347 | +€60,302 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,309 | €77,530 | +€5,221 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€460 | -€460 | |
| Other operating charges | 640/8 | €3,416 | €5,034 | +€1,618 | +47.4% |
| Gross operating margin | 9900 | €606,111 | €782,543 | +€176,432 | +29.1% |
| Operating profit (loss) | 9901 | €259,342 | €369,093 | +€109,751 | +42.3% |
| Financial income | 75/76B | €847 | €1,048 | +€201 | +23.7% |
| Recurring financial income | 75 | €847 | €1,048 | +€201 | +23.7% |
| Financial charges | 65/66B | €8,992 | €6,997 | -€1,995 | -22.2% |
| Recurring financial charges | 65 | €8,992 | €6,997 | -€1,995 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €251,197 | €363,144 | +€111,946 | +44.6% |
| Income taxes | 67/77 | €71,123 | €94,743 | +€23,620 | +33.2% |
| Profit (loss) for the period | 9904 | €180,074 | €268,401 | +€88,327 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €180,074 | €268,401 | +€88,327 | +49.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.