GORA-BEHEER: 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.
GORA-BEHEER
Largest movements
- Receivables within one year -€44,749
down €44,749 (-77.9%), from €57,474 to €12,725
of which Other amounts receivable: -€45,137
- Cash +€22,771
up €22,771 (+405%), from €5,622 to €28,392
mainly Receivables within one year (+€44,749) and Net result for the year (+€20,849)
- Other debts -€37,853
no longer reported in 2025 (was €37,853)
- Reserves +€20,849
up €20,849 (+1.1%), from €1.9m to €1.9m
- Gross operating margin -€425,880
down €425,880 (-98.8%), from €431,069 to €5,189
- Taxes -€145,879
down €145,879 (-97.9%), from €149,005 to €3,126
- Financial income -€80,153
down €80,153 (-76.3%), from €105,009 to €24,856
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 | €1,974,960 | €1,969,762 | -€5,198 | -0.3% |
| Fixed assets | 21/28 | €501,852 | €501,241 | -€611 | -0.1% |
| Tangible fixed assets | 22/27 | €501,852 | €501,241 | -€611 | -0.1% |
| Land and buildings | 22 | €493,000 | €493,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,762 | €8,241 | +€480 | +6.2% |
| Furniture and vehicles | 24 | €1,090 | - | -€1,090 | |
| Current assets | 29/58 | €1,473,108 | €1,468,521 | -€4,588 | -0.3% |
| Amounts receivable within one year | 40/41 | €57,474 | €12,725 | -€44,749 | -77.9% |
| Trade receivables | 40 | €3,995 | €4,383 | +€389 | +9.7% |
| Other amounts receivable | 41 | €53,479 | €8,342 | -€45,137 | -84.4% |
| Current investments | 50/53 | €1,410,012 | €1,427,403 | +€17,391 | +1.2% |
| Cash at bank and in hand | 54/58 | €5,622 | €28,392 | +€22,771 | +405% |
| Total equity and liabilities | 10/49 | €1,974,960 | €1,969,762 | -€5,198 | -0.3% |
| Equity | 10/15 | €1,934,799 | €1,955,649 | +€20,849 | +1.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,914,799 | €1,935,649 | +€20,849 | +1.1% |
| Distributable reserves | 133 | €1,914,799 | €1,935,649 | +€20,849 | +1.1% |
| Amounts payable | 17/49 | €40,160 | €14,113 | -€26,047 | -64.9% |
| Amounts payable within one year | 42/48 | €37,853 | €12,421 | -€25,431 | -67.2% |
| Trade debts | 44 | - | €10,337 | +€10,337 | |
| Suppliers | 440/4 | - | €10,337 | +€10,337 | |
| Taxes, remuneration and social security | 45 | - | €2,085 | +€2,085 | |
| Taxes | 450/3 | - | €2,085 | +€2,085 | |
| Other amounts payable | 47/48 | €37,853 | - | -€37,853 | |
| Accrued charges and deferred income | 492/3 | €2,308 | €1,692 | -€616 | -26.7% |
| Turnover | 70 | €17,097 | €13,606 | -€3,490 | -20.4% |
| Non-recurring operating income | 76A | €418,632 | - | -€418,632 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,659 | €11,688 | +€4,029 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €2,519 | -€831 | -24.8% |
| Other operating charges | 640/8 | €3,496 | €3,480 | -€16 | -0.5% |
| Gross operating margin | 9900 | €431,069 | €5,189 | -€425,880 | -98.8% |
| Operating profit (loss) | 9901 | €424,224 | -€809 | -€425,033 | |
| Financial income | 75/76B | €105,009 | €24,856 | -€80,153 | -76.3% |
| Recurring financial income | 75 | €105,009 | €24,856 | -€80,153 | -76.3% |
| Financial charges | 65/66B | €1,700 | €72 | -€1,628 | -95.8% |
| Recurring financial charges | 65 | €1,700 | €72 | -€1,628 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €527,533 | €23,975 | -€503,558 | -95.5% |
| Income taxes | 67/77 | €149,005 | €3,126 | -€145,879 | -97.9% |
| Profit (loss) for the period | 9904 | €378,528 | €20,849 | -€357,679 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €378,528 | €20,849 | -€357,679 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.