GEOTRACER: what changed
What changed
GEOTRACER
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€769,640
2024 · €668,745+€100,895
Equity
€2.4m
2024 · €1.8m+€649,640
Cash
€980,655
2024 · €589,526+€391,128
Balance sheet total
€3.5m
2024 · €2.8m+€735,755
Largest movements
Assets
- Cash +€391,128
up €391,128 (+66.3%), from €589,526 to €980,655
mainly Net result for the year (+€769,640) and Tax, wage and social debts (+€79,645)
- Receivables within one year +€338,240
up €338,240 (+18.2%), from €1.9m to €2.2m
of which Other amounts receivable: +€255,126
Equity and liabilities
- Reserves +€649,640
up €649,640 (+39.2%), from €1.7m to €2.3m
of which Distributable reserves: +€649,640
- Tax, wage and social debts +€79,645
up €79,645 (+31.4%), from €253,626 to €333,271
of which Taxes: +€43,983
Income statement
- Staff costs -€105,564
down €105,564 (-12.8%), from €821,541 to €715,977
- Write-downs +€46,889
up €46,889, from -€44,487 to €2,401
- Other operating charges -€33,108
down €33,108 (-78.0%), from €42,471 to €9,364
- Taxes +€32,093
up €32,093 (+16.6%), from €193,135 to €225,228
- Gross operating margin +€23,024
up €23,024 (+1.4%), from €1.7m to €1.7m
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
€668,745
Gross operating margin
+€23,024
Staff costs
+€105,564
Depreciation
+€3,612
Write-downs
-€46,889
Provisions
-€450
Other operating charges
+€33,108
Other operating items
-€250
Financial income
+€12,622
Financial charges
+€2,647
Taxes
-€32,093
Result 2025
€769,640
raises the resultlowers the resultnot broken down further in the accounts
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
+€502,826
Investment
-€1,808
Financing
-€109,889
Cash 2024
€589,526
From operations (derived)
+€502,826
Net result for the year
+€769,640
Depreciation
+€6,086
Stocks and contracts
-€10,234
Receivables within one year
-€338,240
Deferred charges and accrued income
-€430
Provisions
-€3,150
Trade debts
+€11,220
Tax, wage and social debts
+€79,645
Accrued charges and deferred income
-€11,710
Investment (derived)
-€1,808
Investment in fixed assets (net)
-€1,808
Financing
-€109,889
Short-term financial debts
+€10,111
Contributions, distributions and other
-€120,000
Cash 2025
€980,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,779,181 | €3,514,936 | +€735,755 | +26.5% |
| Fixed assets | 21/28 | €40,118 | €35,841 | -€4,278 | -10.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €21,222 | €16,944 | -€4,278 | -20.2% |
| Furniture and vehicles | 24 | €14,772 | €11,394 | -€3,378 | -22.9% |
| Other tangible fixed assets | 26 | €6,450 | €5,550 | -€900 | -14.0% |
| Financial fixed assets | 28 | €18,896 | €18,896 | = | 0.0% |
| Current assets | 29/58 | €2,739,063 | €3,479,096 | +€740,033 | +27.0% |
| Stocks and contracts in progress | 3 | €230,100 | €240,334 | +€10,234 | +4.4% |
| Stocks | 30/36 | €230,100 | €240,334 | +€10,234 | +4.4% |
| Amounts receivable within one year | 40/41 | €1,857,574 | €2,195,814 | +€338,240 | +18.2% |
| Trade receivables | 40 | €876,817 | €959,931 | +€83,115 | +9.5% |
| Other amounts receivable | 41 | €980,757 | €1,235,883 | +€255,126 | +26.0% |
| Cash at bank and in hand | 54/58 | €589,526 | €980,655 | +€391,128 | +66.3% |
| Deferred charges and accrued income | 490/1 | €61,863 | €62,293 | +€430 | +0.7% |
| Total equity and liabilities | 10/49 | €2,779,181 | €3,514,936 | +€735,755 | +26.5% |
| Equity | 10/15 | €1,765,437 | €2,415,077 | +€649,640 | +36.8% |
| Contributions | 10/11 | €108,592 | €108,592 | = | 0.0% |
| Reserves | 13 | €1,656,845 | €2,306,485 | +€649,640 | +39.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,656,845 | €2,306,485 | +€649,640 | +39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €25,200 | €22,050 | -€3,150 | -12.5% |
| Provisions for liabilities and charges | 160/5 | €25,200 | €22,050 | -€3,150 | -12.5% |
| Other liabilities and charges | 164/5 | €25,200 | €22,050 | -€3,150 | -12.5% |
| Amounts payable | 17/49 | €988,544 | €1,077,809 | +€89,265 | +9.0% |
| Amounts payable within one year | 42/48 | €576,564 | €677,539 | +€100,975 | +17.5% |
| Financial debts | 43 | €40,605 | €50,715 | +€10,111 | +24.9% |
| Credit institutions | 430/8 | €40,605 | €50,715 | +€10,111 | +24.9% |
| Trade debts | 44 | €162,333 | €173,553 | +€11,220 | +6.9% |
| Suppliers | 440/4 | €162,333 | €173,553 | +€11,220 | +6.9% |
| Taxes, remuneration and social security | 45 | €253,626 | €333,271 | +€79,645 | +31.4% |
| Taxes | 450/3 | €121,685 | €165,668 | +€43,983 | +36.1% |
| Remuneration and social security | 454/9 | €131,940 | €167,603 | +€35,662 | +27.0% |
| Other amounts payable | 47/48 | €120,000 | €120,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €411,980 | €400,270 | -€11,710 | -2.8% |
| Non-recurring operating income | 76A | €9,137 | €8,276 | -€861 | -9.4% |
| Remuneration, social security and pensions | 62 | €821,541 | €715,977 | -€105,564 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,698 | €6,086 | -€3,612 | -37.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,487 | €2,401 | +€46,889 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,600 | -€3,150 | +€450 | +12.5% |
| Other operating charges | 640/8 | €42,471 | €9,364 | -€33,108 | -78.0% |
| Non-recurring operating charges | 66A | €0 | €250 | +€250 | |
| Gross operating margin | 9900 | €1,680,499 | €1,703,523 | +€23,024 | +1.4% |
| Operating profit (loss) | 9901 | €854,877 | €972,596 | +€117,719 | +13.8% |
| Financial income | 75/76B | €15,933 | €28,555 | +€12,622 | +79.2% |
| Recurring financial income | 75 | €15,933 | €28,555 | +€12,622 | +79.2% |
| Financial charges | 65/66B | €8,929 | €6,282 | -€2,647 | -29.6% |
| Recurring financial charges | 65 | €8,929 | €6,282 | -€2,647 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €861,880 | €994,868 | +€132,988 | +15.4% |
| Income taxes | 67/77 | €193,135 | €225,228 | +€32,093 | +16.6% |
| Profit (loss) for the period | 9904 | €668,745 | €769,640 | +€100,895 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €668,745 | €769,640 | +€100,895 | +15.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.