Dr Gossing: 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.
Dr Gossing
Largest movements
- Receivables after one year -€82,000
down €82,000 (-73.2%), from €112,000 to €30,000
- Cash -€63,803
down €63,803 (-89.8%), from €71,072 to €7,270
mainly Other debts (-€175,994) and Investment in fixed assets (net) (-€63,497)
- Current investments +€61,731
up €61,731 (+35.1%), from €175,771 to €237,502
- Financial fixed assets +€61,440
up €61,440 (+4,096%), from €1,500 to €62,940
- Receivables within one year -€12,585
down €12,585 (-53.7%), from €23,456 to €10,871
of which Trade receivables: -€12,185
- Other debts -€175,994
down €175,994 (-92.0%), from €191,265 to €15,271
- Provisions +€135,203
new in 2025: €135,203
- Provisions +€135,203
new in 2025: €135,203
- Gross operating margin -€58,923
down €58,923 (-21.8%), from €269,703 to €210,780
- Taxes -€15,350
down €15,350 (-23.8%), from €64,479 to €49,129
- Other operating charges -€3,244
down €3,244 (-73.4%), from €4,418 to €1,174
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 | €550,575 | €519,586 | -€30,989 | -5.6% |
| Fixed assets | 21/28 | €14,132 | €72,803 | +€58,672 | +415% |
| Tangible fixed assets | 22/27 | €12,632 | €9,863 | -€2,768 | -21.9% |
| Plant, machinery and equipment | 23 | €174 | €0 | -€174 | -100% |
| Furniture and vehicles | 24 | €12,458 | €8,190 | -€4,268 | -34.3% |
| Other tangible fixed assets | 26 | - | €1,673 | +€1,673 | |
| Financial fixed assets | 28 | €1,500 | €62,940 | +€61,440 | +4,096% |
| Current assets | 29/58 | €536,443 | €446,782 | -€89,661 | -16.7% |
| Amounts receivable after more than one year | 29 | €112,000 | €30,000 | -€82,000 | -73.2% |
| Other amounts receivable | 291 | €112,000 | €30,000 | -€82,000 | -73.2% |
| Amounts receivable within one year | 40/41 | €23,456 | €10,871 | -€12,585 | -53.7% |
| Trade receivables | 40 | €12,185 | €0 | -€12,185 | -100% |
| Other amounts receivable | 41 | €11,271 | €10,871 | -€400 | -3.5% |
| Current investments | 50/53 | €175,771 | €237,502 | +€61,731 | +35.1% |
| Cash at bank and in hand | 54/58 | €71,072 | €7,270 | -€63,803 | -89.8% |
| Deferred charges and accrued income | 490/1 | €154,143 | €161,139 | +€6,996 | +4.5% |
| Total equity and liabilities | 10/49 | €550,575 | €519,586 | -€30,989 | -5.6% |
| Equity | 10/15 | €337,488 | €338,896 | +€1,408 | +0.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €329,488 | €330,896 | +€1,408 | +0.4% |
| Distributable reserves | 133 | €329,488 | €330,896 | +€1,408 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €135,203 | +€135,203 | |
| Provisions for liabilities and charges | 160/5 | - | €135,203 | +€135,203 | |
| Other liabilities and charges | 164/5 | - | €135,203 | +€135,203 | |
| Amounts payable | 17/49 | €213,087 | €45,487 | -€167,600 | -78.7% |
| Amounts payable within one year | 42/48 | €195,745 | €24,186 | -€171,559 | -87.6% |
| Trade debts | 44 | €0 | €3,335 | +€3,335 | |
| Suppliers | 440/4 | €0 | €3,335 | +€3,335 | |
| Taxes, remuneration and social security | 45 | €4,479 | €5,579 | +€1,100 | +24.6% |
| Taxes | 450/3 | €4,479 | €5,579 | +€1,100 | +24.6% |
| Other amounts payable | 47/48 | €191,265 | €15,271 | -€175,994 | -92.0% |
| Accrued charges and deferred income | 492/3 | €17,342 | €21,301 | +€3,959 | +22.8% |
| Non-recurring operating income | 76A | €30,042 | €0 | -€30,042 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | €4,825 | +€1,466 | +43.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €135,203 | +€135,203 | |
| Other operating charges | 640/8 | €4,418 | €1,174 | -€3,244 | -73.4% |
| Non-recurring operating charges | 66A | €48 | €0 | -€48 | -100% |
| Gross operating margin | 9900 | €269,703 | €210,780 | -€58,923 | -21.8% |
| Operating profit (loss) | 9901 | €261,878 | €69,578 | -€192,299 | -73.4% |
| Financial income | 75/76B | €1,352 | €2,512 | +€1,160 | +85.9% |
| Recurring financial income | 75 | €1,352 | €2,512 | +€1,160 | +85.9% |
| Financial charges | 65/66B | €1,485 | €1,553 | +€68 | +4.6% |
| Recurring financial charges | 65 | €1,485 | €1,553 | +€68 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €261,744 | €70,537 | -€191,207 | -73.1% |
| Income taxes | 67/77 | €64,479 | €49,129 | -€15,350 | -23.8% |
| Profit (loss) for the period | 9904 | €197,265 | €21,408 | -€175,857 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €197,265 | €21,408 | -€175,857 | -89.1% |
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 25 October 2026 via checked.be.