Bureau Gorremans: 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.
Bureau Gorremans
Largest movements
- Receivables within one year +€143,545
up €143,545 (+158%), from €91,108 to €234,653
of which Other amounts receivable: +€147,966
- Deferred charges and accrued income +€80,570
up €80,570, from €0 to €80,570
- Tangible fixed assets -€52,135
down €52,135 (-4.0%), from €1.3m to €1.3m
of which Land and buildings: -€33,877
- Stocks and contracts +€42,713
up €42,713 (+14.3%), from €297,900 to €340,613
- Intangible fixed assets -€21,426
down €21,426 (-11.7%), from €182,796 to €161,371
- Debts after one year +€253,663
up €253,663 (+33.4%), from €760,277 to €1.0m
- Reserves -€167,131
down €167,131 (-77.7%), from €214,965 to €47,834
of which Distributable reserves: -€130,590
- Trade debts +€117,470
up €117,470 (+62.0%), from €189,402 to €306,872
- Other debts -€71,743
down €71,743 (-26.2%), from €274,034 to €202,292
- Profit (loss) carried forward +€29,238
up €29,238, from -€29,238 to €0
- Gross operating margin -€139,605
down €139,605 (-23.6%), from €592,365 to €452,759
- Depreciation -€51,809
down €51,809 (-22.4%), from €230,833 to €179,023
- Staff costs +€34,648
up €34,648 (+13.1%), from €263,715 to €298,363
- Other operating charges +€21,517
up €21,517 (+232%), from €9,272 to €30,789
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,888,180 | €2,077,718 | +€189,538 | +10.0% |
| Fixed assets | 21/28 | €1,494,262 | €1,420,701 | -€73,561 | -4.9% |
| Intangible fixed assets | 21 | €182,796 | €161,371 | -€21,426 | -11.7% |
| Tangible fixed assets | 22/27 | €1,311,047 | €1,258,912 | -€52,135 | -4.0% |
| Land and buildings | 22 | €1,214,437 | €1,180,560 | -€33,877 | -2.8% |
| Plant, machinery and equipment | 23 | €29,193 | €15,509 | -€13,684 | -46.9% |
| Furniture and vehicles | 24 | €30,076 | €29,363 | -€713 | -2.4% |
| Other tangible fixed assets | 26 | €37,340 | €33,480 | -€3,861 | -10.3% |
| Financial fixed assets | 28 | €418 | €418 | = | 0.0% |
| Current assets | 29/58 | €393,918 | €657,016 | +€263,098 | +66.8% |
| Stocks and contracts in progress | 3 | €297,900 | €340,613 | +€42,713 | +14.3% |
| Contracts in progress | 37 | €297,900 | €340,613 | +€42,713 | +14.3% |
| Amounts receivable within one year | 40/41 | €91,108 | €234,653 | +€143,545 | +158% |
| Trade receivables | 40 | €63,123 | €58,701 | -€4,421 | -7.0% |
| Other amounts receivable | 41 | €27,985 | €175,951 | +€147,966 | +529% |
| Cash at bank and in hand | 54/58 | €4,910 | €1,181 | -€3,729 | -76.0% |
| Deferred charges and accrued income | 490/1 | €0 | €80,570 | +€80,570 | |
| Total equity and liabilities | 10/49 | €1,888,180 | €2,077,718 | +€189,538 | +10.0% |
| Equity | 10/15 | €460,112 | €322,218 | -€137,894 | -30.0% |
| Contributions | 10/11 | €274,384 | €274,384 | = | 0.0% |
| Reserves | 13 | €214,965 | €47,834 | -€167,131 | -77.7% |
| Tax-exempt reserves | 132 | €36,542 | €0 | -€36,542 | -100% |
| Distributable reserves | 133 | €178,424 | €47,834 | -€130,590 | -73.2% |
| Profit (loss) carried forward | 14 | -€29,238 | €0 | +€29,238 | |
| Amounts payable | 17/49 | €1,428,068 | €1,755,500 | +€327,431 | +22.9% |
| Amounts payable after more than one year | 17 | €760,277 | €1,013,940 | +€253,663 | +33.4% |
| Financial debts | 170/4 | €760,277 | €1,013,940 | +€253,663 | +33.4% |
| Amounts payable within one year | 42/48 | €667,791 | €739,585 | +€71,794 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €111,534 | €139,561 | +€28,027 | +25.1% |
| Financial debts | 43 | €18,906 | €28,730 | +€9,824 | +52.0% |
| Credit institutions | 430/8 | €18,906 | €28,730 | +€9,824 | +52.0% |
| Trade debts | 44 | €189,402 | €306,872 | +€117,470 | +62.0% |
| Suppliers | 440/4 | €189,402 | €306,872 | +€117,470 | +62.0% |
| Taxes, remuneration and social security | 45 | €73,914 | €62,130 | -€11,784 | -15.9% |
| Taxes | 450/3 | €38,116 | €30,128 | -€7,988 | -21.0% |
| Remuneration and social security | 454/9 | €35,798 | €32,002 | -€3,796 | -10.6% |
| Other amounts payable | 47/48 | €274,034 | €202,292 | -€71,743 | -26.2% |
| Accrued charges and deferred income | 492/3 | - | €1,974 | +€1,974 | |
| Non-recurring operating income | 76A | €29,585 | €16,822 | -€12,763 | -43.1% |
| Remuneration, social security and pensions | 62 | €263,715 | €298,363 | +€34,648 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,833 | €179,023 | -€51,809 | -22.4% |
| Other operating charges | 640/8 | €9,272 | €30,789 | +€21,517 | +232% |
| Non-recurring operating charges | 66A | €17,572 | €38,314 | +€20,741 | +118% |
| Gross operating margin | 9900 | €592,365 | €452,759 | -€139,605 | -23.6% |
| Operating profit (loss) | 9901 | €70,973 | -€93,729 | -€164,702 | |
| Financial income | 75/76B | €36 | €239 | +€202 | +557% |
| Recurring financial income | 75 | €36 | €239 | +€202 | +557% |
| Financial charges | 65/66B | €38,374 | €43,951 | +€5,577 | +14.5% |
| Recurring financial charges | 65 | €38,374 | €43,951 | +€5,577 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €32,635 | -€137,441 | -€170,076 | |
| Income taxes | 67/77 | €558 | €452 | -€106 | -18.9% |
| Profit (loss) for the period | 9904 | €32,077 | -€137,894 | -€169,971 | |
| Transfer from tax-exempt reserves | 789 | - | €36,542 | +€36,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,077 | -€101,352 | -€133,429 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.