Geotexco: 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.
What changed
Geotexco
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€307,062
2024 · €180,314-€487,376
Equity
€36.0m
2024 · €36.3m-€307,062
Cash
€413,716
2024 · €1.2m-€827,561
Balance sheet total
€60.2m
2024 · €62.1m-€1.9m
Largest movements
Assets
- Receivables within one year -€3.1m
down €3.1m (-75.7%), from €4.2m to €1.0m
of which Other amounts receivable: -€3.5m
- Current investments +€2.4m
new in 2025: €2.4m
- Cash -€827,561
down €827,561 (-66.7%), from €1.2m to €413,716
mainly Debts after one year (-€5.4m) and Current investments (-€2.4m)
Equity and liabilities
- Debts after one year -€5.4m
down €5.4m (-27.6%), from €19.5m to €14.1m
- Short-term financial debts +€2.2m
up €2.2m (+187%), from €1.2m to €3.3m
- Current portion of long-term debt +€1.9m
up €1.9m (+50.6%), from €3.7m to €5.5m
Income statement
- Financial income -€422,870
down €422,870 (-44.0%), from €961,690 to €538,820
- Other operating income +€352,236
up €352,236 (+8.0%), from €4.4m to €4.8m
- Services and other goods +€250,605
up €250,605 (+12.8%), from €2.0m to €2.2m
- Staff costs +€237,393
up €237,393 (+16.4%), from €1.4m to €1.7m
- Financial charges -€57,810
down €57,810 (-3.3%), from €1.8m to €1.7m
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.
Result 2024
€180,314
Turnover
+€28,093
Other operating income
+€352,236
Services and other goods
-€250,605
Staff costs
-€237,393
Depreciation
-€21,787
Other operating charges
-€3,848
Financial income
-€422,870
Financial charges
+€57,810
Taxes
+€10,989
Result 2025
-€307,062
raises the resultlowers the result
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.
From operations
+€2.6m
Investment
-€2.1m
Financing
-€1.3m
Cash 2024
€1.2m
From operations (derived)
+€2.6m
Net result for the year
-€307,062
Depreciation
+€42,888
Receivables within one year
+€3.1m
Deferred charges and accrued income
-€65,407
Trade debts
-€147,205
Tax, wage and social debts
+€33,109
Accrued charges and deferred income
-€89,598
Investment (derived)
-€2.1m
Investment in fixed assets (net)
+€321,022
Current investments
-€2.4m
Financing
-€1.3m
Debts after one year
-€5.4m
Current portion of long-term debt
+€1.9m
Short-term financial debts
+€2.2m
Cash 2025
€413,716
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,054,752 | €60,201,887 | -€1.9m | -3.0% |
| Fixed assets | 21/28 | €56,568,244 | €56,204,333 | -€363,910 | -0.6% |
| Intangible fixed assets | 21 | €166,338 | €162,989 | -€3,349 | -2.0% |
| Tangible fixed assets | 22/27 | €4,136 | €18,575 | +€14,438 | +349% |
| Plant, machinery and equipment | 23 | €2,255 | €5,890 | +€3,635 | +161% |
| Furniture and vehicles | 24 | €1,881 | €5,644 | +€3,763 | +200% |
| Assets under construction and advance payments | 27 | - | €7,040 | +€7,040 | |
| Financial fixed assets | 28 | €56,397,769 | €56,022,769 | -€375,000 | -0.7% |
| Affiliated companies | 280/1 | €56,397,769 | €56,022,769 | -€375,000 | -0.7% |
| Participating interests | 280 | €56,397,769 | €56,022,769 | -€375,000 | -0.7% |
| Current assets | 29/58 | €5,486,509 | €3,997,554 | -€1.5m | -27.1% |
| Amounts receivable within one year | 40/41 | €4,158,624 | €1,010,095 | -€3.1m | -75.7% |
| Trade receivables | 40 | €671,454 | €1,004,978 | +€333,524 | +49.7% |
| Other amounts receivable | 41 | €3,487,170 | €5,117 | -€3.5m | -99.9% |
| Current investments | 50/53 | - | €2,421,729 | +€2.4m | |
| Other investments | 51/53 | - | €2,421,729 | +€2.4m | |
| Cash at bank and in hand | 54/58 | €1,241,277 | €413,716 | -€827,561 | -66.7% |
| Deferred charges and accrued income | 490/1 | €86,608 | €152,014 | +€65,407 | +75.5% |
| Total equity and liabilities | 10/49 | €62,054,752 | €60,201,887 | -€1.9m | -3.0% |
| Equity | 10/15 | €36,328,528 | €36,021,466 | -€307,062 | -0.8% |
| Contributions | 10/11 | €38,500,000 | €38,500,000 | = | 0.0% |
| Capital | 10 | €36,414,000 | €36,414,000 | = | 0.0% |
| Issued capital | 100 | €36,414,000 | €36,414,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,086,000 | €2,086,000 | = | 0.0% |
| Share premium | 1100/10 | €2,086,000 | €2,086,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,171,472 | -€2,478,534 | -€307,062 | -14.1% |
| Amounts payable | 17/49 | €25,726,224 | €24,180,421 | -€1.5m | -6.0% |
| Amounts payable after more than one year | 17 | €19,491,941 | €14,117,833 | -€5.4m | -27.6% |
| Financial debts | 170/4 | €19,491,941 | €14,117,833 | -€5.4m | -27.6% |
| Credit institutions | 173 | €16,680,667 | €14,117,833 | -€2.6m | -15.4% |
| Other loans | 174 | €2,811,274 | - | -€2.8m | |
| Amounts payable within one year | 42/48 | €5,919,413 | €9,837,316 | +€3.9m | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €3,666,776 | €5,521,774 | +€1.9m | +50.6% |
| Financial debts | 43 | €1,166,000 | €3,343,000 | +€2.2m | +187% |
| Other loans | 439 | €1,166,000 | €3,343,000 | +€2.2m | +187% |
| Trade debts | 44 | €700,212 | €553,007 | -€147,205 | -21.0% |
| Suppliers | 440/4 | €700,212 | €553,007 | -€147,205 | -21.0% |
| Taxes, remuneration and social security | 45 | €386,425 | €419,534 | +€33,109 | +8.6% |
| Taxes | 450/3 | €59,945 | €71,253 | +€11,308 | +18.9% |
| Remuneration and social security | 454/9 | €326,480 | €348,282 | +€21,801 | +6.7% |
| Accrued charges and deferred income | 492/3 | €314,870 | €225,272 | -€89,598 | -28.5% |
| Operating income | 70/76A | €4,432,688 | €4,813,016 | +€380,329 | +8.6% |
| Turnover | 70 | €5,332 | €33,425 | +€28,093 | +527% |
| Other operating income | 74 | €4,427,356 | €4,779,592 | +€352,236 | +8.0% |
| Operating charges | 60/66A | €3,430,601 | €3,944,235 | +€513,633 | +15.0% |
| Services and other goods | 61 | €1,961,149 | €2,211,754 | +€250,605 | +12.8% |
| Remuneration, social security and pensions | 62 | €1,446,455 | €1,683,848 | +€237,393 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,101 | €42,888 | +€21,787 | +103% |
| Other operating charges | 640/8 | €1,896 | €5,745 | +€3,848 | +203% |
| Operating profit (loss) | 9901 | €1,002,087 | €868,782 | -€133,305 | -13.3% |
| Financial income | 75/76B | €961,690 | €538,820 | -€422,870 | -44.0% |
| Recurring financial income | 75 | €961,690 | €538,820 | -€422,870 | -44.0% |
| Income from current assets | 751 | €306,529 | €99,659 | -€206,870 | -67.5% |
| Other financial income | 752/9 | €655,161 | €439,161 | -€216,000 | -33.0% |
| Financial charges | 65/66B | €1,774,370 | €1,716,559 | -€57,810 | -3.3% |
| Recurring financial charges | 65 | €1,774,370 | €1,716,559 | -€57,810 | -3.3% |
| Debt charges | 650 | €1,709,624 | €1,009,087 | -€700,537 | -41.0% |
| Other financial charges | 652/9 | €64,746 | €707,473 | +€642,727 | +993% |
| Profit (loss) for the period before taxes | 9903 | €189,407 | -€308,958 | -€498,365 | |
| Income taxes | 67/77 | €9,093 | -€1,896 | -€10,989 | |
| Taxes | 670/3 | €9,093 | €3,032 | -€6,061 | -66.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,928 | +€4,928 | |
| Profit (loss) for the period | 9904 | €180,314 | -€307,062 | -€487,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €180,314 | -€307,062 | -€487,376 |
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 27 October 2026 via checked.be.