GOR TRANS: 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.
GOR TRANS
Largest movements
- Receivables within one year +€10,313
up €10,313 (+17.2%), from €59,933 to €70,246
of which Trade receivables: +€15,282
- Cash +€3,937
up €3,937 (+74.8%), from €5,265 to €9,202
mainly Other debts (+€39,060) and Net result for the year (+€19,721)
- Other debts +€39,060
new in 2025: €39,060
- Profit (loss) carried forward -€26,232
down €26,232 (-100%), from €26,232 to €0
- Trade debts +€2,008
up €2,008 (+150%), from €1,342 to €3,350
- Staff costs -€12,212
down €12,212 (-66.1%), from €18,489 to €6,277
- Other operating charges -€4,420
down €4,420 (-63.5%), from €6,960 to €2,540
- Gross operating margin -€4,198
down €4,198 (-10.3%), from €40,685 to €36,487
- Taxes +€3,112
up €3,112 (+58.5%), from €5,323 to €8,435
- Financial charges +€724
up €724 (+53.2%), from €1,360 to €2,084
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 | €66,555 | €80,760 | +€14,205 | +21.3% |
| Fixed assets | 21/28 | €944 | €489 | -€455 | -48.2% |
| Tangible fixed assets | 22/27 | €844 | €389 | -€455 | -53.9% |
| Furniture and vehicles | 24 | €844 | €389 | -€455 | -53.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €65,611 | €80,271 | +€14,660 | +22.3% |
| Amounts receivable within one year | 40/41 | €59,933 | €70,246 | +€10,313 | +17.2% |
| Trade receivables | 40 | - | €15,282 | +€15,282 | |
| Other amounts receivable | 41 | €59,933 | €54,964 | -€4,969 | -8.3% |
| Cash at bank and in hand | 54/58 | €5,265 | €9,202 | +€3,937 | +74.8% |
| Deferred charges and accrued income | 490/1 | €413 | €823 | +€410 | +99.3% |
| Total equity and liabilities | 10/49 | €66,555 | €80,760 | +€14,205 | +21.3% |
| Equity | 10/15 | €46,692 | €20,460 | -€26,232 | -56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,232 | €0 | -€26,232 | -100% |
| Amounts payable | 17/49 | €19,863 | €60,300 | +€40,437 | +204% |
| Amounts payable within one year | 42/48 | €19,863 | €60,300 | +€40,437 | +204% |
| Trade debts | 44 | €1,342 | €3,350 | +€2,008 | +150% |
| Suppliers | 440/4 | €1,342 | €3,350 | +€2,008 | +150% |
| Taxes, remuneration and social security | 45 | €18,521 | €17,890 | -€631 | -3.4% |
| Taxes | 450/3 | €5,323 | €17,766 | +€12,443 | +234% |
| Remuneration and social security | 454/9 | €13,198 | €124 | -€13,074 | -99.1% |
| Other amounts payable | 47/48 | - | €39,060 | +€39,060 | |
| Remuneration, social security and pensions | 62 | €18,489 | €6,277 | -€12,212 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €654 | €455 | -€199 | -30.4% |
| Other operating charges | 640/8 | €6,960 | €2,540 | -€4,420 | -63.5% |
| Gross operating margin | 9900 | €40,685 | €36,487 | -€4,198 | -10.3% |
| Operating profit (loss) | 9901 | €14,582 | €27,215 | +€12,633 | +86.6% |
| Financial income | 75/76B | €3,243 | €3,025 | -€218 | -6.7% |
| Recurring financial income | 75 | €3,243 | €3,025 | -€218 | -6.7% |
| Financial charges | 65/66B | €1,360 | €2,084 | +€724 | +53.2% |
| Recurring financial charges | 65 | €1,360 | €2,084 | +€724 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €16,465 | €28,156 | +€11,691 | +71.0% |
| Income taxes | 67/77 | €5,323 | €8,435 | +€3,112 | +58.5% |
| Profit (loss) for the period | 9904 | €11,142 | €19,721 | +€8,579 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,142 | €19,721 | +€8,579 | +77.0% |
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 19 October 2026 via checked.be.