GORAKS: 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.
GORAKS
Largest movements
- Receivables within one year -€6,304
down €6,304 (-86.1%), from €7,325 to €1,022
- Cash +€1,343
up €1,343 (+70.1%), from €1,914 to €3,256
mainly Receivables within one year (+€6,304) and Tax, wage and social debts (+€2,454)
- Deferred charges and accrued income +€475
new in 2025: €475
- Tangible fixed assets +€397
up €397 (+116.8%), from €340 to €736
- Profit (loss) carried forward -€11,176
no longer reported in 2025 (was €11,176)
- Tax, wage and social debts +€2,454
new in 2025: €2,454
- Trade debts +€2,366
new in 2025: €2,366
- Other debts +€2,266
up €2,266 (+537.9%), from €421 to €2,687
- Staff costs -€1,631
no longer reported in 2025 (was €1,631)
- Taxes -€719
down €719 (-46.7%), from €1,539 to €820
- Gross operating margin +€658
up €658 (+69.8%), from €943 to €1,601
- Depreciation +€214
up €214 (+63.1%), from €340 to €554
- Other operating charges +€78
up €78 (+20.2%), from €387 to €465
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 | €12,097 | €8,007 | -€4,090 | -33.8% |
| Fixed assets | 21/28 | €2,858 | €3,254 | +€397 | +13.9% |
| Tangible fixed assets | 22/27 | €340 | €736 | +€397 | +116.8% |
| Furniture and vehicles | 24 | €340 | €736 | +€397 | +116.8% |
| Financial fixed assets | 28 | €2,518 | €2,518 | = | 0.0% |
| Current assets | 29/58 | €9,239 | €4,753 | -€4,486 | -48.6% |
| Amounts receivable within one year | 40/41 | €7,325 | €1,022 | -€6,304 | -86.1% |
| Other amounts receivable | 41 | €7,325 | €1,022 | -€6,304 | -86.1% |
| Cash at bank and in hand | 54/58 | €1,914 | €3,256 | +€1,343 | +70.1% |
| Deferred charges and accrued income | 490/1 | - | €475 | +€475 | |
| Total equity and liabilities | 10/49 | €12,097 | €8,007 | -€4,090 | -33.8% |
| Equity | 10/15 | €11,676 | €500 | -€11,176 | -95.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,176 | - | -€11,176 | |
| Amounts payable | 17/49 | €421 | €7,507 | +€7,086 | +1682.5% |
| Amounts payable within one year | 42/48 | €421 | €7,507 | +€7,086 | +1682.5% |
| Trade debts | 44 | - | €2,366 | +€2,366 | |
| Suppliers | 440/4 | - | €2,366 | +€2,366 | |
| Taxes, remuneration and social security | 45 | - | €2,454 | +€2,454 | |
| Taxes | 450/3 | - | €2,454 | +€2,454 | |
| Other amounts payable | 47/48 | €421 | €2,687 | +€2,266 | +537.9% |
| Remuneration, social security and pensions | 62 | €1,631 | - | -€1,631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €554 | +€214 | +63.1% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | €943 | €1,601 | +€658 | +69.8% |
| Operating profit (loss) | 9901 | -€1,415 | €581 | +€1,997 | |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €122 | €102 | -€20 | -16.1% |
| Recurring financial charges | 65 | €122 | €102 | -€20 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,537 | €543 | +€2,080 | |
| Income taxes | 67/77 | €1,539 | €820 | -€719 | -46.7% |
| Profit (loss) for the period | 9904 | -€3,076 | -€277 | +€2,799 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,076 | -€277 | +€2,799 | +91.0% |
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 3 October 2026 via checked.be.