GEOTRA: 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.
GEOTRA
Largest movements
- Cash +€33,844
up €33,844 (+57.2%), from €59,208 to €93,052
mainly Net result for the year (+€18,243) and Tax, wage and social debts (+€17,671)
- Receivables within one year +€19,891
up €19,891 (+67.1%), from €29,631 to €49,523
of which Trade receivables: +€21,520
- Tangible fixed assets -€14,290
down €14,290 (-48.5%), from €29,466 to €15,176
- Tax, wage and social debts +€17,671
up €17,671 (+2,442%), from €724 to €18,394
of which Remuneration and social security: +€9,405
- Trade debts +€17,065
up €17,065 (+135%), from €12,663 to €29,728
- Other debts +€3,318
up €3,318 (+117%), from €2,829 to €6,147
- Gross operating margin +€17,211
up €17,211 (+18.4%), from €93,359 to €110,570
- Depreciation -€10,647
down €10,647 (-42.7%), from €24,937 to €14,290
- Staff costs +€10,210
up €10,210 (+15.7%), from €64,832 to €75,042
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 | €120,475 | €158,771 | +€38,296 | +31.8% |
| Fixed assets | 21/28 | €31,635 | €16,196 | -€15,439 | -48.8% |
| Tangible fixed assets | 22/27 | €29,466 | €15,176 | -€14,290 | -48.5% |
| Furniture and vehicles | 24 | €29,466 | €15,176 | -€14,290 | -48.5% |
| Financial fixed assets | 28 | €2,169 | €1,021 | -€1,149 | -53.0% |
| Current assets | 29/58 | €88,839 | €142,575 | +€53,735 | +60.5% |
| Amounts receivable within one year | 40/41 | €29,631 | €49,523 | +€19,891 | +67.1% |
| Trade receivables | 40 | €28,003 | €49,523 | +€21,520 | +76.8% |
| Other amounts receivable | 41 | €1,629 | - | -€1,629 | |
| Cash at bank and in hand | 54/58 | €59,208 | €93,052 | +€33,844 | +57.2% |
| Total equity and liabilities | 10/49 | €120,475 | €158,771 | +€38,296 | +31.8% |
| Equity | 10/15 | €104,259 | €104,502 | +€243 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,588 | €13,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,388 | €7,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,671 | €28,913 | +€243 | +0.8% |
| Amounts payable | 17/49 | €16,216 | €54,269 | +€38,054 | +235% |
| Amounts payable within one year | 42/48 | €16,216 | €54,269 | +€38,054 | +235% |
| Trade debts | 44 | €12,663 | €29,728 | +€17,065 | +135% |
| Suppliers | 440/4 | €12,663 | €29,728 | +€17,065 | +135% |
| Taxes, remuneration and social security | 45 | €724 | €18,394 | +€17,671 | +2,442% |
| Taxes | 450/3 | €724 | €8,990 | +€8,266 | +1,142% |
| Remuneration and social security | 454/9 | - | €9,405 | +€9,405 | |
| Other amounts payable | 47/48 | €2,829 | €6,147 | +€3,318 | +117% |
| Remuneration, social security and pensions | 62 | €64,832 | €75,042 | +€10,210 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,937 | €14,290 | -€10,647 | -42.7% |
| Other operating charges | 640/8 | €2,431 | €1,656 | -€776 | -31.9% |
| Non-recurring operating charges | 66A | - | €519 | +€519 | |
| Gross operating margin | 9900 | €93,359 | €110,570 | +€17,211 | +18.4% |
| Operating profit (loss) | 9901 | €1,159 | €19,063 | +€17,904 | +1,545% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €412 | €345 | -€67 | -16.2% |
| Recurring financial charges | 65 | €412 | €345 | -€67 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €747 | €18,795 | +€18,048 | +2,416% |
| Income taxes | 67/77 | €687 | €553 | -€134 | -19.6% |
| Profit (loss) for the period | 9904 | €60 | €18,243 | +€18,183 | +30,269% |
| Profit (loss) for the period to be appropriated | 9905 | €60 | €18,243 | +€18,183 | +30,269% |
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.