MD Geoconsult: 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.
MD Geoconsult
Largest movements
- Receivables within one year +€65,383
up €65,383 (+468.6%), from €13,954 to €79,337
of which Other amounts receivable: +€48,747
- Cash -€58,323
down €58,323 (-71.4%), from €81,634 to €23,311
mainly Receivables within one year (-€65,383) and Tax, wage and social debts (-€35,413)
- Current investments +€25,229
up €25,229 (+99.9%), from €25,247 to €50,476
- Tangible fixed assets -€11,987
down €11,987 (-22.1%), from €54,154 to €42,167
of which Leasing and similar rights: -€12,804
- Reserves +€72,951
up €72,951 (+53.0%), from €137,565 to €210,517
- Tax, wage and social debts -€35,413
down €35,413 (-56.1%), from €63,175 to €27,762
- Debts after one year -€13,965
down €13,965 (-38.0%), from €36,745 to €22,780
- Taxes -€7,088
down €7,088 (-26.7%), from €26,523 to €19,436
- Gross operating margin -€4,522
down €4,522 (-4.0%), from €111,651 to €107,130
- Financial income +€2,958
up €2,958 (+196.2%), from €1,508 to €4,467
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.
Cash bridge derived
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 | €256,144 | €278,881 | +€22,737 | +8.9% |
| Fixed assets | 21/28 | €54,154 | €42,167 | -€11,987 | -22.1% |
| Tangible fixed assets | 22/27 | €54,154 | €42,167 | -€11,987 | -22.1% |
| Plant, machinery and equipment | 23 | €639 | €78 | -€561 | -87.7% |
| Furniture and vehicles | 24 | €5,948 | €4,179 | -€1,769 | -29.7% |
| Leasing and similar rights | 25 | €47,567 | €34,763 | -€12,804 | -26.9% |
| Other tangible fixed assets | 26 | - | €3,147 | +€3,147 | |
| Current assets | 29/58 | €201,990 | €236,714 | +€34,724 | +17.2% |
| Amounts receivable after more than one year | 29 | €81,155 | €83,590 | +€2,435 | +3.0% |
| Other amounts receivable | 291 | €81,155 | €83,590 | +€2,435 | +3.0% |
| Amounts receivable within one year | 40/41 | €13,954 | €79,337 | +€65,383 | +468.6% |
| Trade receivables | 40 | €13,954 | €30,590 | +€16,636 | +119.2% |
| Other amounts receivable | 41 | €0 | €48,747 | +€48,747 | |
| Current investments | 50/53 | €25,247 | €50,476 | +€25,229 | +99.9% |
| Cash at bank and in hand | 54/58 | €81,634 | €23,311 | -€58,323 | -71.4% |
| Total equity and liabilities | 10/49 | €256,144 | €278,881 | +€22,737 | +8.9% |
| Equity | 10/15 | €140,065 | €213,017 | +€72,951 | +52.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €137,565 | €210,517 | +€72,951 | +53.0% |
| Distributable reserves | 133 | €137,565 | €210,517 | +€72,951 | +53.0% |
| Amounts payable | 17/49 | €116,078 | €65,864 | -€50,214 | -43.3% |
| Amounts payable after more than one year | 17 | €36,745 | €22,780 | -€13,965 | -38.0% |
| Financial debts | 170/4 | €36,745 | €22,780 | -€13,965 | -38.0% |
| Amounts payable within one year | 42/48 | €79,333 | €43,084 | -€36,249 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €14,781 | €13,965 | -€817 | -5.5% |
| Trade debts | 44 | €1,192 | €1,358 | +€166 | +13.9% |
| Suppliers | 440/4 | €1,192 | €1,358 | +€166 | +13.9% |
| Taxes, remuneration and social security | 45 | €63,175 | €27,762 | -€35,413 | -56.1% |
| Taxes | 450/3 | €63,175 | €27,762 | -€35,413 | -56.1% |
| Other amounts payable | 47/48 | €185 | €0 | -€185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,134 | €15,302 | +€168 | +1.1% |
| Other operating charges | 640/8 | €1,200 | €1,658 | +€458 | +38.2% |
| Gross operating margin | 9900 | €111,651 | €107,130 | -€4,522 | -4.0% |
| Operating profit (loss) | 9901 | €95,318 | €90,170 | -€5,148 | -5.4% |
| Financial income | 75/76B | €1,508 | €4,467 | +€2,958 | +196.2% |
| Recurring financial income | 75 | €1,508 | €4,467 | +€2,958 | +196.2% |
| Financial charges | 65/66B | €2,921 | €2,249 | -€671 | -23.0% |
| Recurring financial charges | 65 | €2,921 | €2,249 | -€671 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €93,905 | €92,387 | -€1,518 | -1.6% |
| Income taxes | 67/77 | €26,523 | €19,436 | -€7,088 | -26.7% |
| Profit (loss) for the period | 9904 | €67,382 | €72,951 | +€5,569 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,382 | €72,951 | +€5,569 | +8.3% |
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 10 October 2026 via checked.be.