GORBO: 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.
GORBO
Largest movements
- Tangible fixed assets -€33,916
down €33,916 (-4.3%), from €788,393 to €754,477
- Debts after one year -€46,487
down €46,487 (-9.9%), from €467,870 to €421,383
- Gross operating margin +€1,651
up €1,651 (+2.9%), from €56,935 to €58,586
- Financial charges +€1,430
up €1,430 (+11.1%), from €12,856 to €14,286
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 | €801,419 | €770,316 | -€31,104 | -3.9% |
| Fixed assets | 21/28 | €788,393 | €754,477 | -€33,916 | -4.3% |
| Tangible fixed assets | 22/27 | €788,393 | €754,477 | -€33,916 | -4.3% |
| Land and buildings | 22 | €788,393 | €754,477 | -€33,916 | -4.3% |
| Current assets | 29/58 | €13,027 | €15,839 | +€2,812 | +21.6% |
| Cash at bank and in hand | 54/58 | €12,048 | €14,852 | +€2,804 | +23.3% |
| Deferred charges and accrued income | 490/1 | €979 | €987 | +€8 | +0.8% |
| Total equity and liabilities | 10/49 | €801,419 | €770,316 | -€31,104 | -3.9% |
| Equity | 10/15 | €300,526 | €305,606 | +€5,080 | +1.7% |
| Contributions | 10/11 | €300,700 | €300,700 | = | 0.0% |
| Capital | 10 | €300,700 | €300,700 | = | 0.0% |
| Issued capital | 100 | €300,700 | €300,700 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,374 | -€1,294 | +€5,080 | +79.7% |
| Amounts payable | 17/49 | €500,893 | €464,710 | -€36,184 | -7.2% |
| Amounts payable after more than one year | 17 | €467,870 | €421,383 | -€46,487 | -9.9% |
| Financial debts | 170/4 | €467,870 | €421,383 | -€46,487 | -9.9% |
| Amounts payable within one year | 42/48 | €26,841 | €33,786 | +€6,945 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €21,024 | €21,487 | +€463 | +2.2% |
| Trade debts | 44 | €868 | €0 | -€868 | -100.0% |
| Suppliers | 440/4 | €868 | €0 | -€868 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,855 | +€1,855 | |
| Taxes | 450/3 | - | €1,855 | +€1,855 | |
| Other amounts payable | 47/48 | €4,949 | €10,445 | +€5,496 | +111.0% |
| Accrued charges and deferred income | 492/3 | €6,183 | €9,540 | +€3,358 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,916 | €33,916 | = | 0.0% |
| Other operating charges | 640/8 | €4,757 | €5,304 | +€547 | +11.5% |
| Gross operating margin | 9900 | €56,935 | €58,586 | +€1,651 | +2.9% |
| Operating profit (loss) | 9901 | €18,263 | €19,366 | +€1,104 | +6.0% |
| Financial charges | 65/66B | €12,856 | €14,286 | +€1,430 | +11.1% |
| Recurring financial charges | 65 | €12,856 | €14,286 | +€1,430 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €5,407 | €5,080 | -€326 | -6.0% |
| Profit (loss) for the period | 9904 | €5,407 | €5,080 | -€326 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,407 | €5,080 | -€326 | -6.0% |
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.