GOORMANS: 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.
GOORMANS
Largest movements
- Tangible fixed assets +€733,081
up €733,081 (+104%), from €707,150 to €1.4m
of which Land and buildings: +€961,338
- Stocks and contracts +€53,795
up €53,795 (+21.7%), from €247,541 to €301,336
- Receivables within one year +€49,637
up €49,637 (+319%), from €15,538 to €65,175
of which Other amounts receivable: +€61,260
- Cash +€26,901
up €26,901 (+11.6%), from €232,847 to €259,747
mainly Debts after one year (+€747,175) and Depreciation (+€61,852)
- Debts after one year +€747,175
up €747,175 (+194%), from €385,180 to €1.1m
- Trade debts +€44,509
up €44,509 (+73.6%), from €60,496 to €105,005
- Current portion of long-term debt +€37,294
up €37,294 (+17.1%), from €217,481 to €254,775
- Other debts +€27,919
up €27,919 (+1,069%), from €2,612 to €30,532
- Other operating charges +€72,118
up €72,118 (+4,777%), from €1,510 to €73,628
- Taxes -€29,577
down €29,577 (-74.6%), from €39,665 to €10,089
- Financial charges +€23,399
up €23,399 (+94.6%), from €24,734 to €48,133
- Depreciation +€19,008
up €19,008 (+44.4%), from €42,845 to €61,852
- Gross operating margin +€8,364
up €8,364 (+4.2%), from €198,142 to €206,506
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 | €1,203,100 | €2,066,883 | +€863,783 | +71.8% |
| Fixed assets | 21/28 | €707,150 | €1,440,231 | +€733,081 | +104% |
| Tangible fixed assets | 22/27 | €707,150 | €1,440,231 | +€733,081 | +104% |
| Land and buildings | 22 | €420,698 | €1,382,037 | +€961,338 | +229% |
| Plant, machinery and equipment | 23 | €15,663 | €13,883 | -€1,780 | -11.4% |
| Furniture and vehicles | 24 | €56,458 | €44,312 | -€12,146 | -21.5% |
| Assets under construction and advance payments | 27 | €214,332 | €0 | -€214,332 | -100% |
| Current assets | 29/58 | €495,949 | €626,651 | +€130,702 | +26.4% |
| Stocks and contracts in progress | 3 | €247,541 | €301,336 | +€53,795 | +21.7% |
| Stocks | 30/36 | €247,541 | €301,336 | +€53,795 | +21.7% |
| Amounts receivable within one year | 40/41 | €15,538 | €65,175 | +€49,637 | +319% |
| Trade receivables | 40 | €14,807 | €3,183 | -€11,624 | -78.5% |
| Other amounts receivable | 41 | €732 | €61,992 | +€61,260 | +8,373% |
| Cash at bank and in hand | 54/58 | €232,847 | €259,747 | +€26,901 | +11.6% |
| Deferred charges and accrued income | 490/1 | €23 | €393 | +€370 | +1,597% |
| Total equity and liabilities | 10/49 | €1,203,100 | €2,066,883 | +€863,783 | +71.8% |
| Equity | 10/15 | €479,771 | €469,533 | -€10,238 | -2.1% |
| Contributions | 10/11 | €182,059 | €163,212 | -€18,847 | -10.4% |
| Reserves | 13 | €297,712 | €306,321 | +€8,609 | +2.9% |
| Distributable reserves | 133 | €297,712 | €306,321 | +€8,609 | +2.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €723,329 | €1,597,350 | +€874,021 | +121% |
| Amounts payable after more than one year | 17 | €385,180 | €1,132,354 | +€747,175 | +194% |
| Financial debts | 170/4 | €385,180 | €1,132,354 | +€747,175 | +194% |
| Amounts payable within one year | 42/48 | €338,149 | €464,996 | +€126,847 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €217,481 | €254,775 | +€37,294 | +17.1% |
| Trade debts | 44 | €60,496 | €105,005 | +€44,509 | +73.6% |
| Suppliers | 440/4 | €60,496 | €105,005 | +€44,509 | +73.6% |
| Taxes, remuneration and social security | 45 | €57,559 | €74,684 | +€17,125 | +29.8% |
| Taxes | 450/3 | €57,559 | €74,684 | +€17,125 | +29.8% |
| Other amounts payable | 47/48 | €2,612 | €30,532 | +€27,919 | +1,069% |
| Non-recurring operating income | 76A | - | €1,217 | +€1,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,845 | €61,852 | +€19,008 | +44.4% |
| Other operating charges | 640/8 | €1,510 | €73,628 | +€72,118 | +4,777% |
| Gross operating margin | 9900 | €198,142 | €206,506 | +€8,364 | +4.2% |
| Operating profit (loss) | 9901 | €153,787 | €71,026 | -€82,761 | -53.8% |
| Financial income | 75/76B | €6,047 | €6,957 | +€910 | +15.1% |
| Recurring financial income | 75 | €6,047 | €6,957 | +€910 | +15.1% |
| Financial charges | 65/66B | €24,734 | €48,133 | +€23,399 | +94.6% |
| Recurring financial charges | 65 | €24,734 | €48,133 | +€23,399 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €135,100 | €29,851 | -€105,250 | -77.9% |
| Income taxes | 67/77 | €39,665 | €10,089 | -€29,577 | -74.6% |
| Profit (loss) for the period | 9904 | €95,435 | €19,762 | -€75,673 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,435 | €19,762 | -€75,673 | -79.3% |
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 14 October 2026 via checked.be.