GORA.BE: 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.
GORA.BE
Largest movements
- Cash +€31,685
up €31,685 (+84.1%), from €37,675 to €69,360
mainly Receivables within one year (+€28,621) and Net result for the year (+€23,522)
- Tangible fixed assets -€29,224
down €29,224 (-34.1%), from €85,728 to €56,504
of which Furniture and vehicles: -€26,780
- Receivables within one year -€28,621
down €28,621 (-95.5%), from €29,975 to €1,354
of which Other amounts receivable: -€15,014
- Deferred charges and accrued income -€3,358
down €3,358 (-81.9%), from €4,101 to €743
- Other debts -€49,954
down €49,954 (-70.7%), from €70,643 to €20,690
- Reserves +€23,000
new in 2025: €23,000
- Trade debts -€4,266
down €4,266 (-40.8%), from €10,464 to €6,198
- Tax, wage and social debts -€2,989
down €2,989 (-28.4%), from €10,508 to €7,520
of which Remuneration and social security: -€1,750
- Current portion of long-term debt +€2,396
up €2,396 (+20.1%), from €11,902 to €14,297
- Gross operating margin +€33,206
up €33,206 (+114.4%), from €29,020 to €62,226
- Taxes +€10,386
up €10,386 (+1023.6%), from €1,015 to €11,401
- Other operating charges -€1,071
down €1,071 (-32.3%), from €3,319 to €2,249
- Depreciation -€777
down €777 (-3.8%), from €20,419 to €19,642
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 | €176,226 | €144,574 | -€31,652 | -18.0% |
| Formation expenses | 20 | €505 | €140 | -€365 | -72.2% |
| Fixed assets | 21/28 | €87,212 | €57,493 | -€29,719 | -34.1% |
| Intangible fixed assets | 21 | €1,483 | €989 | -€494 | -33.3% |
| Tangible fixed assets | 22/27 | €85,728 | €56,504 | -€29,224 | -34.1% |
| Land and buildings | 22 | €1,220 | €940 | -€280 | -23.0% |
| Plant, machinery and equipment | 23 | €34,725 | €32,561 | -€2,164 | -6.2% |
| Furniture and vehicles | 24 | €49,783 | €23,003 | -€26,780 | -53.8% |
| Current assets | 29/58 | €88,509 | €86,940 | -€1,569 | -1.8% |
| Stocks and contracts in progress | 3 | €16,758 | €15,483 | -€1,275 | -7.6% |
| Stocks | 30/36 | €16,758 | €15,483 | -€1,275 | -7.6% |
| Amounts receivable within one year | 40/41 | €29,975 | €1,354 | -€28,621 | -95.5% |
| Trade receivables | 40 | €14,424 | €817 | -€13,607 | -94.3% |
| Other amounts receivable | 41 | €15,551 | €537 | -€15,014 | -96.5% |
| Cash at bank and in hand | 54/58 | €37,675 | €69,360 | +€31,685 | +84.1% |
| Deferred charges and accrued income | 490/1 | €4,101 | €743 | -€3,358 | -81.9% |
| Total equity and liabilities | 10/49 | €176,226 | €144,574 | -€31,652 | -18.0% |
| Equity | 10/15 | €44,997 | €68,519 | +€23,522 | +52.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €23,000 | +€23,000 | |
| Distributable reserves | 133 | - | €23,000 | +€23,000 | |
| Profit (loss) carried forward | 14 | €42,497 | €43,019 | +€522 | +1.2% |
| Amounts payable | 17/49 | €131,229 | €76,055 | -€55,174 | -42.0% |
| Amounts payable after more than one year | 17 | €27,712 | €27,350 | -€362 | -1.3% |
| Financial debts | 170/4 | €27,712 | €27,350 | -€362 | -1.3% |
| Amounts payable within one year | 42/48 | €103,518 | €48,705 | -€54,812 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €11,902 | €14,297 | +€2,396 | +20.1% |
| Trade debts | 44 | €10,464 | €6,198 | -€4,266 | -40.8% |
| Suppliers | 440/4 | €10,464 | €6,198 | -€4,266 | -40.8% |
| Taxes, remuneration and social security | 45 | €10,508 | €7,520 | -€2,989 | -28.4% |
| Taxes | 450/3 | €7,008 | €5,770 | -€1,239 | -17.7% |
| Remuneration and social security | 454/9 | €3,500 | €1,750 | -€1,750 | -50.0% |
| Other amounts payable | 47/48 | €70,643 | €20,690 | -€49,954 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,419 | €19,642 | -€777 | -3.8% |
| Other operating charges | 640/8 | €3,319 | €2,249 | -€1,071 | -32.3% |
| Non-recurring operating charges | 66A | - | €3,561 | +€3,561 | |
| Gross operating margin | 9900 | €29,020 | €62,226 | +€33,206 | +114.4% |
| Operating profit (loss) | 9901 | €5,282 | €36,774 | +€31,493 | +596.3% |
| Financial income | 75/76B | €343 | €74 | -€269 | -78.4% |
| Recurring financial income | 75 | €343 | €74 | -€269 | -78.4% |
| Financial charges | 65/66B | €1,759 | €1,926 | +€167 | +9.5% |
| Recurring financial charges | 65 | €1,759 | €1,926 | +€167 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €3,866 | €34,923 | +€31,057 | +803.4% |
| Income taxes | 67/77 | €1,015 | €11,401 | +€10,386 | +1023.6% |
| Profit (loss) for the period | 9904 | €2,851 | €23,522 | +€20,671 | +725.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,851 | €23,522 | +€20,671 | +725.0% |
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 8 October 2026 via checked.be.