GROUP GEOTEC: 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.
GROUP GEOTEC
Largest movements
- Tangible fixed assets +€51,991
up €51,991 (+16.8%), from €309,335 to €361,326
- Cash -€31,678
down €31,678 (-90.5%), from €35,000 to €3,322
mainly Investment in fixed assets (net) (-€71,883) and Debts after one year (-€39,538)
- Receivables within one year +€9,290
up €9,290 (+80.3%), from €11,575 to €20,865
of which Other amounts receivable: +€6,025
- Debts after one year -€39,538
down €39,538 (-66.0%), from €59,875 to €20,338
- Other debts +€37,090
up €37,090 (+19.8%), from €187,410 to €224,499
- Reserves +€31,476
up €31,476 (+22.4%), from €140,407 to €171,883
of which Distributable reserves: +€31,476
- Gross operating margin +€8,892
up €8,892 (+14.7%), from €60,587 to €69,480
- Taxes +€3,692
up €3,692 (+33.6%), from €10,997 to €14,689
- Financial charges -€1,506
down €1,506 (-30.0%), from €5,026 to €3,520
- Depreciation -€850
down €850 (-4.1%), from €20,742 to €19,893
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 | €455,911 | €486,968 | +€31,058 | +6.8% |
| Fixed assets | 21/28 | €409,335 | €461,326 | +€51,991 | +12.7% |
| Tangible fixed assets | 22/27 | €309,335 | €361,326 | +€51,991 | +16.8% |
| Land and buildings | 22 | €309,335 | €361,326 | +€51,991 | +16.8% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €46,576 | €25,643 | -€20,933 | -44.9% |
| Amounts receivable within one year | 40/41 | €11,575 | €20,865 | +€9,290 | +80.3% |
| Trade receivables | 40 | €6,446 | €9,710 | +€3,264 | +50.6% |
| Other amounts receivable | 41 | €5,129 | €11,155 | +€6,025 | +117% |
| Cash at bank and in hand | 54/58 | €35,000 | €3,322 | -€31,678 | -90.5% |
| Deferred charges and accrued income | 490/1 | - | €1,456 | +€1,456 | |
| Total equity and liabilities | 10/49 | €455,911 | €486,968 | +€31,058 | +6.8% |
| Equity | 10/15 | €165,060 | €196,536 | +€31,476 | +19.1% |
| Contributions | 10/11 | €24,653 | €24,653 | = | 0.0% |
| Reserves | 13 | €140,407 | €171,883 | +€31,476 | +22.4% |
| Non-distributable reserves | 130/1 | €1,065 | €1,065 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,065 | €1,065 | = | 0.0% |
| Distributable reserves | 133 | €139,342 | €170,819 | +€31,476 | +22.6% |
| Amounts payable | 17/49 | €290,851 | €290,432 | -€419 | -0.1% |
| Amounts payable after more than one year | 17 | €59,875 | €20,338 | -€39,538 | -66.0% |
| Financial debts | 170/4 | €59,875 | €20,338 | -€39,538 | -66.0% |
| Amounts payable within one year | 42/48 | €230,976 | €270,053 | +€39,077 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €38,070 | €39,538 | +€1,468 | +3.9% |
| Trade debts | 44 | - | €1,453 | +€1,453 | |
| Suppliers | 440/4 | - | €1,453 | +€1,453 | |
| Taxes, remuneration and social security | 45 | €5,496 | €4,563 | -€933 | -17.0% |
| Taxes | 450/3 | €5,496 | €4,563 | -€933 | -17.0% |
| Other amounts payable | 47/48 | €187,410 | €224,499 | +€37,090 | +19.8% |
| Accrued charges and deferred income | 492/3 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,742 | €19,893 | -€850 | -4.1% |
| Other operating charges | 640/8 | €449 | €687 | +€237 | +52.8% |
| Gross operating margin | 9900 | €60,587 | €69,480 | +€8,892 | +14.7% |
| Operating profit (loss) | 9901 | €39,396 | €48,900 | +€9,505 | +24.1% |
| Financial income | 75/76B | €185 | €785 | +€600 | +324% |
| Recurring financial income | 75 | €185 | €785 | +€600 | +324% |
| Financial charges | 65/66B | €5,026 | €3,520 | -€1,506 | -30.0% |
| Recurring financial charges | 65 | €5,026 | €3,520 | -€1,506 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €34,555 | €46,165 | +€11,610 | +33.6% |
| Income taxes | 67/77 | €10,997 | €14,689 | +€3,692 | +33.6% |
| Profit (loss) for the period | 9904 | €23,558 | €31,476 | +€7,919 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,558 | €31,476 | +€7,919 | +33.6% |
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 17 October 2026 via checked.be.