ANDRE GOREZ IMMO: 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.
ANDRE GOREZ IMMO
Largest movements
- Receivables within one year -€9,086
down €9,086 (-9.4%), from €96,494 to €87,408
of which Other amounts receivable: -€5,086
- Tangible fixed assets -€3,046
down €3,046 (-1.9%), from €163,562 to €160,516
of which Plant, machinery and equipment: -€3,042
- Reserves -€5,171
down €5,171 (-4.1%), from €125,955 to €120,784
of which Tax-exempt reserves: -€5,171
- Other debts -€3,724
no longer reported in 2025 (was €3,724)
- Provisions -€2,708
down €2,708 (-4.2%), from €64,995 to €62,287
- Turnover -€24,375
no longer reported in 2025 (was €24,375)
- Purchases and services -€19,710
no longer reported in 2025 (was €19,710)
- Other operating charges -€1,624
down €1,624 (-39.5%), from €4,113 to €2,489
- Gross operating margin -€1,150
down €1,150 (-24.7%), from €4,665 to €3,515
- Depreciation -€601
down €601 (-5.5%), from €10,908 to €10,307
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 | €269,115 | €255,493 | -€13,622 | -5.1% |
| Fixed assets | 21/28 | €163,751 | €160,705 | -€3,046 | -1.9% |
| Tangible fixed assets | 22/27 | €163,562 | €160,516 | -€3,046 | -1.9% |
| Land and buildings | 22 | €143,859 | €144,177 | +€318 | +0.2% |
| Plant, machinery and equipment | 23 | €19,381 | €16,339 | -€3,042 | -15.7% |
| Furniture and vehicles | 24 | €323 | - | -€323 | |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €105,364 | €94,788 | -€10,575 | -10.0% |
| Amounts receivable within one year | 40/41 | €96,494 | €87,408 | -€9,086 | -9.4% |
| Trade receivables | 40 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Other amounts receivable | 41 | €80,494 | €75,408 | -€5,086 | -6.3% |
| Cash at bank and in hand | 54/58 | €8,870 | €7,380 | -€1,489 | -16.8% |
| Total equity and liabilities | 10/49 | €269,115 | €255,493 | -€13,622 | -5.1% |
| Equity | 10/15 | €199,070 | €192,492 | -€6,578 | -3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €125,955 | €120,784 | -€5,171 | -4.1% |
| Tax-exempt reserves | 132 | €124,096 | €118,925 | -€5,171 | -4.2% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,523 | €53,116 | -€1,407 | -2.6% |
| Provisions and deferred taxes | 16 | €64,995 | €62,287 | -€2,708 | -4.2% |
| Deferred taxes | 168 | €64,995 | €62,287 | -€2,708 | -4.2% |
| Amounts payable | 17/49 | €5,050 | €714 | -€4,336 | -85.9% |
| Amounts payable within one year | 42/48 | €5,050 | €714 | -€4,336 | -85.9% |
| Trade debts | 44 | €1,326 | €714 | -€612 | -46.1% |
| Suppliers | 440/4 | €1,326 | €714 | -€612 | -46.1% |
| Other amounts payable | 47/48 | €3,724 | - | -€3,724 | |
| Turnover | 70 | €24,375 | - | -€24,375 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,710 | - | -€19,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,908 | €10,307 | -€601 | -5.5% |
| Other operating charges | 640/8 | €4,113 | €2,489 | -€1,624 | -39.5% |
| Gross operating margin | 9900 | €4,665 | €3,515 | -€1,150 | -24.7% |
| Operating profit (loss) | 9901 | -€10,355 | -€9,280 | +€1,075 | +10.4% |
| Financial charges | 65/66B | - | €5 | +€5 | |
| Recurring financial charges | 65 | - | €5 | +€5 | |
| Profit (loss) for the period before taxes | 9903 | -€10,355 | -€9,286 | +€1,070 | +10.3% |
| Transfer from deferred taxes | 780 | €2,708 | €2,708 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,647 | -€6,578 | +€1,070 | +14.0% |
| Transfer from tax-exempt reserves | 789 | €5,171 | €5,171 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,477 | -€1,407 | +€1,070 | +43.2% |
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 23 October 2026 via checked.be.