Geotest: 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.
Geotest
Largest movements
- Receivables within one year +€66,173
up €66,173 (+40.3%), from €164,376 to €230,549
of which Trade receivables: +€54,584
- Cash +€23,891
up €23,891 (+35.0%), from €68,345 to €92,236
mainly Net result for the year (+€45,715) and Other debts (+€24,480)
- Reserves +€45,715
up €45,715 (+12.9%), from €354,314 to €400,029
of which Distributable reserves: +€45,715
- Other debts +€24,480
up €24,480 (+10.8%), from €226,812 to €251,292
- Financial income -€20,438
down €20,438 (-41.2%), from €49,618 to €29,180
- Gross operating margin +€10,531
up €10,531 (+40.8%), from €25,841 to €36,372
- Write-downs +€5,407
up €5,407 (+90.6%), from -€5,966 to -€559
- Taxes -€4,397
down €4,397 (-20.0%), from €22,002 to €17,605
- Other operating charges +€616
up €616 (+34.6%), from €1,780 to €2,396
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 | €1,689,781 | €1,778,755 | +€88,974 | +5.3% |
| Current assets | 29/58 | €1,689,781 | €1,778,755 | +€88,974 | +5.3% |
| Amounts receivable within one year | 40/41 | €164,376 | €230,549 | +€66,173 | +40.3% |
| Trade receivables | 40 | €144,417 | €199,001 | +€54,584 | +37.8% |
| Other amounts receivable | 41 | €19,959 | €31,548 | +€11,588 | +58.1% |
| Current investments | 50/53 | €1,450,000 | €1,450,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,345 | €92,236 | +€23,891 | +35.0% |
| Deferred charges and accrued income | 490/1 | €7,060 | €5,970 | -€1,089 | -15.4% |
| Total equity and liabilities | 10/49 | €1,689,781 | €1,778,755 | +€88,974 | +5.3% |
| Equity | 10/15 | €1,398,439 | €1,444,154 | +€45,715 | +3.3% |
| Contributions | 10/11 | €1,044,125 | €1,044,125 | = | 0.0% |
| Capital | 10 | €1,044,125 | €1,044,125 | = | 0.0% |
| Issued capital | 100 | €1,044,125 | €1,044,125 | = | 0.0% |
| Reserves | 13 | €354,314 | €400,029 | +€45,715 | +12.9% |
| Non-distributable reserves | 130/1 | €104,413 | €104,413 | = | 0.0% |
| Legal reserve | 130 | €104,413 | €104,413 | = | 0.0% |
| Distributable reserves | 133 | €249,902 | €295,617 | +€45,715 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €291,342 | €334,601 | +€43,259 | +14.8% |
| Amounts payable within one year | 42/48 | €291,342 | €334,601 | +€43,259 | +14.8% |
| Trade debts | 44 | €41,131 | €50,452 | +€9,321 | +22.7% |
| Suppliers | 440/4 | €41,131 | €50,452 | +€9,321 | +22.7% |
| Taxes, remuneration and social security | 45 | €23,399 | €32,856 | +€9,458 | +40.4% |
| Taxes | 450/3 | €23,399 | €32,856 | +€9,458 | +40.4% |
| Other amounts payable | 47/48 | €226,812 | €251,292 | +€24,480 | +10.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,966 | -€559 | +€5,407 | +90.6% |
| Other operating charges | 640/8 | €1,780 | €2,396 | +€616 | +34.6% |
| Gross operating margin | 9900 | €25,841 | €36,372 | +€10,531 | +40.8% |
| Operating profit (loss) | 9901 | €30,026 | €34,535 | +€4,508 | +15.0% |
| Financial income | 75/76B | €49,618 | €29,180 | -€20,438 | -41.2% |
| Recurring financial income | 75 | €49,618 | €29,180 | -€20,438 | -41.2% |
| Financial charges | 65/66B | €209 | €395 | +€186 | +89.0% |
| Recurring financial charges | 65 | €209 | €395 | +€186 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | €79,435 | €63,320 | -€16,115 | -20.3% |
| Income taxes | 67/77 | €22,002 | €17,605 | -€4,397 | -20.0% |
| Profit (loss) for the period | 9904 | €57,433 | €45,715 | -€11,718 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,433 | €45,715 | -€11,718 | -20.4% |
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 19 October 2026 via checked.be.