August Van Gorp: what changed
Two fiscal 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.
August Van Gorp
Largest movements
- Stocks and contracts -€365,307
down €365,307 (-86.1%), from €424,525 to €59,218
- Receivables within one year -€5,685
down €5,685 (-6.1%), from €92,893 to €87,207
of which Other amounts receivable: -€7,827
- Other debts -€259,012
down €259,012 (-15.0%), from €1.7m to €1.5m
- Profit (loss) carried forward -€138,248
down €138,248 (-8.1%), from -€1.7m to -€1.8m
- Short-term financial debts +€21,966
up €21,966 (+100.3%), from €21,910 to €43,877
- Gross operating margin -€41,249
down €41,249 (-92.2%), from €44,727 to €3,478
- Staff costs -€10,846
down €10,846 (-8.2%), from €132,583 to €121,737
- Depreciation -€5,306
down €5,306 (-62.6%), from €8,472 to €3,166
- Financial charges +€1,535
up €1,535 (+72.1%), from €2,130 to €3,665
- Other operating charges -€720
down €720 (-4.4%), from €16,489 to €15,770
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 | €561,336 | €182,995 | -€378,341 | -67.4% |
| Fixed assets | 21/28 | €33,474 | €30,308 | -€3,166 | -9.5% |
| Tangible fixed assets | 22/27 | €33,474 | €30,308 | -€3,166 | -9.5% |
| Plant, machinery and equipment | 23 | €14,844 | €12,766 | -€2,078 | -14.0% |
| Furniture and vehicles | 24 | €18,630 | €17,542 | -€1,088 | -5.8% |
| Current assets | 29/58 | €527,862 | €152,687 | -€375,175 | -71.1% |
| Stocks and contracts in progress | 3 | €424,525 | €59,218 | -€365,307 | -86.1% |
| Stocks | 30/36 | €424,525 | €59,218 | -€365,307 | -86.1% |
| Amounts receivable within one year | 40/41 | €92,893 | €87,207 | -€5,685 | -6.1% |
| Trade receivables | 40 | €85,065 | €87,207 | +€2,142 | +2.5% |
| Other amounts receivable | 41 | €7,827 | - | -€7,827 | |
| Cash at bank and in hand | 54/58 | €10,444 | €6,261 | -€4,183 | -40.1% |
| Total equity and liabilities | 10/49 | €561,336 | €182,995 | -€378,341 | -67.4% |
| Equity | 10/15 | -€1,240,851 | -€1,379,099 | -€138,248 | -11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Share premium | 1100/10 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €404,767 | €404,767 | = | 0.0% |
| Distributable reserves | 133 | €404,767 | €404,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,707,618 | -€1,845,866 | -€138,248 | -8.1% |
| Amounts payable | 17/49 | €1,802,187 | €1,562,093 | -€240,093 | -13.3% |
| Amounts payable within one year | 42/48 | €1,802,187 | €1,562,093 | -€240,093 | -13.3% |
| Financial debts | 43 | €21,910 | €43,877 | +€21,966 | +100.3% |
| Credit institutions | 430/8 | €21,910 | €43,877 | +€21,966 | +100.3% |
| Trade debts | 44 | €52,466 | €51,463 | -€1,002 | -1.9% |
| Suppliers | 440/4 | €52,466 | €51,463 | -€1,002 | -1.9% |
| Taxes, remuneration and social security | 45 | €6,549 | €4,503 | -€2,045 | -31.2% |
| Taxes | 450/3 | €208 | €747 | +€539 | +259.8% |
| Remuneration and social security | 454/9 | €6,341 | €3,757 | -€2,584 | -40.8% |
| Other amounts payable | 47/48 | €1,721,262 | €1,462,250 | -€259,012 | -15.0% |
| Remuneration, social security and pensions | 62 | €132,583 | €121,737 | -€10,846 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,472 | €3,166 | -€5,306 | -62.6% |
| Other operating charges | 640/8 | €16,489 | €15,770 | -€720 | -4.4% |
| Gross operating margin | 9900 | €44,727 | €3,478 | -€41,249 | -92.2% |
| Operating profit (loss) | 9901 | -€112,818 | -€137,195 | -€24,377 | -21.6% |
| Financial income | 75/76B | €2,774 | €2,824 | +€50 | +1.8% |
| Recurring financial income | 75 | €2,774 | €2,824 | +€50 | +1.8% |
| Financial charges | 65/66B | €2,130 | €3,665 | +€1,535 | +72.1% |
| Recurring financial charges | 65 | €2,130 | €3,665 | +€1,535 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | -€112,173 | -€138,036 | -€25,863 | -23.1% |
| Income taxes | 67/77 | €208 | €212 | +€4 | +2.1% |
| Profit (loss) for the period | 9904 | -€112,381 | -€138,248 | -€25,867 | -23.0% |
| Transfer from tax-exempt reserves | 789 | €36,507 | - | -€36,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,874 | -€138,248 | -€62,374 | -82.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.