GEOTOP: what changed
What changed
GEOTOP
NACE 71.122, Land surveying
filed annual accounts (NBB)
Net result for the year
€33,640
2024 · €32,456+€1,184
Equity
€68,171
2024 · €68,170+€1
Cash
€237,672
2024 · €55,381+€182,291
Balance sheet total
€1.2m
2024 · €903,795+€334,953
Largest movements
Assets
- Cash +€182,291
up €182,291 (+329%), from €55,381 to €237,672
mainly Trade debts (+€411,855) and Net result for the year (+€33,640)
- Receivables within one year +€150,854
up €150,854 (+17.9%), from €844,036 to €994,890
of which Other amounts receivable: +€278,393
Equity and liabilities
- Trade debts +€411,855
up €411,855 (+78.8%), from €522,395 to €934,250
- Tax, wage and social debts -€58,568
down €58,568 (-39.9%), from €146,831 to €88,263
of which Taxes: -€54,601
- Other debts -€18,335
down €18,335 (-11.0%), from €166,399 to €148,065
Income statement
- Gross operating margin +€22,366
up €22,366 (+5.7%), from €394,342 to €416,708
- Staff costs +€18,383
up €18,383 (+5.5%), from €334,441 to €352,824
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
€32,456
Gross operating margin
+€22,366
Staff costs
-€18,383
Depreciation
+€4
Write-downs
+€1,500
Other operating charges
-€611
Financial income
+€0
Financial charges
-€223
Taxes
-€3,469
Result 2025
€33,640
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
+€218,629
Investment
-€2,699
Financing
-€33,639
Cash 2024
€55,381
From operations (derived)
+€218,629
Net result for the year
+€33,640
Depreciation
+€1,642
Receivables within one year
-€150,854
Deferred charges and accrued income
-€752
Trade debts
+€411,855
Tax, wage and social debts
-€58,568
Other debts
-€18,335
Investment (derived)
-€2,699
Investment in fixed assets (net)
-€2,699
Financing
-€33,639
Contributions, distributions and other
-€33,639
Cash 2025
€237,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €903,795 | €1,238,748 | +€334,953 | +37.1% |
| Fixed assets | 21/28 | €4,378 | €5,435 | +€1,057 | +24.1% |
| Tangible fixed assets | 22/27 | €1,517 | €3,205 | +€1,688 | +111% |
| Plant, machinery and equipment | 23 | €343 | €3,205 | +€2,862 | +834% |
| Furniture and vehicles | 24 | €1,174 | - | -€1,174 | |
| Financial fixed assets | 28 | €2,861 | €2,230 | -€631 | -22.1% |
| Current assets | 29/58 | €899,417 | €1,233,313 | +€333,896 | +37.1% |
| Amounts receivable within one year | 40/41 | €844,036 | €994,890 | +€150,854 | +17.9% |
| Trade receivables | 40 | €503,733 | €376,193 | -€127,540 | -25.3% |
| Other amounts receivable | 41 | €340,303 | €618,696 | +€278,393 | +81.8% |
| Cash at bank and in hand | 54/58 | €55,381 | €237,672 | +€182,291 | +329% |
| Deferred charges and accrued income | 490/1 | - | €752 | +€752 | |
| Total equity and liabilities | 10/49 | €903,795 | €1,238,748 | +€334,953 | +37.1% |
| Equity | 10/15 | €68,170 | €68,171 | +€1 | 0.0% |
| Contributions | 10/11 | €61,973 | €61,973 | +€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | +€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | +€0 | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | +€0 | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | +€0 | 0.0% |
| Amounts payable | 17/49 | €835,625 | €1,170,578 | +€334,953 | +40.1% |
| Amounts payable within one year | 42/48 | €835,625 | €1,170,578 | +€334,953 | +40.1% |
| Trade debts | 44 | €522,395 | €934,250 | +€411,855 | +78.8% |
| Suppliers | 440/4 | €522,395 | €934,250 | +€411,855 | +78.8% |
| Taxes, remuneration and social security | 45 | €146,831 | €88,263 | -€58,568 | -39.9% |
| Taxes | 450/3 | €101,369 | €46,768 | -€54,601 | -53.9% |
| Remuneration and social security | 454/9 | €45,462 | €41,495 | -€3,967 | -8.7% |
| Other amounts payable | 47/48 | €166,399 | €148,065 | -€18,335 | -11.0% |
| Remuneration, social security and pensions | 62 | €334,441 | €352,824 | +€18,383 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €1,642 | -€4 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €4,749 | €5,360 | +€611 | +12.9% |
| Gross operating margin | 9900 | €394,342 | €416,708 | +€22,366 | +5.7% |
| Operating profit (loss) | 9901 | €52,006 | €56,882 | +€4,876 | +9.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,037 | €2,260 | +€223 | +10.9% |
| Recurring financial charges | 65 | €2,037 | €2,260 | +€223 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €49,969 | €54,622 | +€4,653 | +9.3% |
| Income taxes | 67/77 | €17,513 | €20,982 | +€3,469 | +19.8% |
| Profit (loss) for the period | 9904 | €32,456 | €33,640 | +€1,184 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,456 | €33,640 | +€1,184 | +3.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.