GEOTRANS: 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.
GEOTRANS
Largest movements
- Receivables within one year +€279,041
up €279,041 (+56.0%), from €498,651 to €777,692
of which Trade receivables: +€280,546
- Tangible fixed assets -€113,657
down €113,657 (-10.6%), from €1.1m to €955,228
of which Leasing and similar rights: -€143,296
- Trade debts +€151,699
up €151,699 (+39.7%), from €382,479 to €534,177
- Current portion of long-term debt +€58,951
up €58,951 (+20.3%), from €290,925 to €349,876
- Debts after one year -€46,909
down €46,909 (-7.4%), from €637,363 to €590,454
- Reserves +€36,457
up €36,457 (+97.1%), from €37,541 to €73,999
of which Distributable reserves: +€36,457
- Gross operating margin +€91,284
up €91,284 (+9.8%), from €929,898 to €1.0m
- Depreciation +€39,964
up €39,964 (+13.6%), from €294,920 to €334,884
- Staff costs +€22,554
up €22,554 (+4.1%), from €545,082 to €567,636
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 | €1,629,694 | €1,806,899 | +€177,206 | +10.9% |
| Fixed assets | 21/28 | €1,070,375 | €956,718 | -€113,657 | -10.6% |
| Tangible fixed assets | 22/27 | €1,068,885 | €955,228 | -€113,657 | -10.6% |
| Land and buildings | 22 | €34,739 | €31,871 | -€2,868 | -8.3% |
| Plant, machinery and equipment | 23 | €18,769 | €33,600 | +€14,831 | +79.0% |
| Furniture and vehicles | 24 | €631,627 | €649,303 | +€17,677 | +2.8% |
| Leasing and similar rights | 25 | €383,750 | €240,454 | -€143,296 | -37.3% |
| Financial fixed assets | 28 | €1,490 | €1,490 | = | 0.0% |
| Current assets | 29/58 | €559,319 | €850,182 | +€290,863 | +52.0% |
| Stocks and contracts in progress | 3 | €5,220 | €7,428 | +€2,208 | +42.3% |
| Stocks | 30/36 | €5,220 | €7,428 | +€2,208 | +42.3% |
| Amounts receivable within one year | 40/41 | €498,651 | €777,692 | +€279,041 | +56.0% |
| Trade receivables | 40 | €497,146 | €777,692 | +€280,546 | +56.4% |
| Other amounts receivable | 41 | €1,504 | - | -€1,504 | |
| Cash at bank and in hand | 54/58 | €28,671 | €45,656 | +€16,985 | +59.2% |
| Deferred charges and accrued income | 490/1 | €26,778 | €19,406 | -€7,372 | -27.5% |
| Total equity and liabilities | 10/49 | €1,629,694 | €1,806,899 | +€177,206 | +10.9% |
| Equity | 10/15 | €216,106 | €252,563 | +€36,457 | +16.9% |
| Contributions | 10/11 | €7,716 | €7,716 | = | 0.0% |
| Reserves | 13 | €37,541 | €73,999 | +€36,457 | +97.1% |
| Tax-exempt reserves | 132 | €19,617 | €19,617 | = | 0.0% |
| Distributable reserves | 133 | €17,924 | €54,381 | +€36,457 | +203% |
| Profit (loss) carried forward | 14 | €170,848 | €170,848 | = | 0.0% |
| Amounts payable | 17/49 | €1,413,588 | €1,554,336 | +€140,748 | +10.0% |
| Amounts payable after more than one year | 17 | €637,363 | €590,454 | -€46,909 | -7.4% |
| Financial debts | 170/4 | €637,363 | €590,454 | -€46,909 | -7.4% |
| Amounts payable within one year | 42/48 | €776,160 | €963,883 | +€187,723 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €290,925 | €349,876 | +€58,951 | +20.3% |
| Trade debts | 44 | €382,479 | €534,177 | +€151,699 | +39.7% |
| Suppliers | 440/4 | €382,479 | €534,177 | +€151,699 | +39.7% |
| Taxes, remuneration and social security | 45 | €79,620 | €71,318 | -€8,302 | -10.4% |
| Taxes | 450/3 | €33,492 | €18,566 | -€14,926 | -44.6% |
| Remuneration and social security | 454/9 | €46,128 | €52,752 | +€6,623 | +14.4% |
| Other amounts payable | 47/48 | €23,135 | €8,511 | -€14,624 | -63.2% |
| Accrued charges and deferred income | 492/3 | €65 | - | -€65 | |
| Remuneration, social security and pensions | 62 | €545,082 | €567,636 | +€22,554 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,920 | €334,884 | +€39,964 | +13.6% |
| Other operating charges | 640/8 | €17,499 | €20,947 | +€3,448 | +19.7% |
| Gross operating margin | 9900 | €929,898 | €1,021,181 | +€91,284 | +9.8% |
| Operating profit (loss) | 9901 | €72,396 | €97,714 | +€25,318 | +35.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €52,581 | €56,491 | +€3,910 | +7.4% |
| Recurring financial charges | 65 | €52,581 | €56,491 | +€3,910 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €19,817 | €41,224 | +€21,407 | +108% |
| Income taxes | 67/77 | €1,893 | €4,766 | +€2,873 | +152% |
| Profit (loss) for the period | 9904 | €17,924 | €36,457 | +€18,533 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €17,924 | €36,457 | +€18,533 | +103% |
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 13 October 2026 via checked.be.