GORBOUW: 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.
GORBOUW
Largest movements
- Receivables within one year -€21,725
down €21,725 (-89.7%), from €24,218 to €2,493
of which Trade receivables: -€15,510
- Tangible fixed assets +€17,027
up €17,027 (+28.8%), from €59,031 to €76,057
of which Furniture and vehicles: +€46,028
- Stocks and contracts +€15,000
new in 2025: €15,000
- Cash +€9,456
up €9,456 (+27.3%), from €34,645 to €44,101
mainly Other debts (+€32,962) and Receivables within one year (+€21,725)
- Profit (loss) carried forward -€39,438
down €39,438 (-72.7%), from €54,255 to €14,817
- Other debts +€32,962
up €32,962 (+370.3%), from €8,902 to €41,864
- Debts after one year +€17,530
up €17,530 (+54.6%), from €32,132 to €49,662
- Current portion of long-term debt +€4,383
up €4,383 (+29.8%), from €14,723 to €19,105
- Tax, wage and social debts +€3,027
up €3,027 (+75.5%), from €4,009 to €7,037
- Purchases and services -€34,902
down €34,902 (-15.2%), from €229,858 to €194,956
- Depreciation +€2,642
up €2,642 (+14.9%), from €17,687 to €20,328
- Taxes -€1,866
down €1,866, from €1,405 to -€461
- Other operating charges +€1,650
up €1,650 (+160.7%), from €1,026 to €2,676
- Financial charges +€1,607
up €1,607 (+54.1%), from €2,972 to €4,578
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 | €119,210 | €140,278 | +€21,068 | +17.7% |
| Fixed assets | 21/28 | €59,031 | €76,057 | +€17,027 | +28.8% |
| Tangible fixed assets | 22/27 | €59,031 | €76,057 | +€17,027 | +28.8% |
| Plant, machinery and equipment | 23 | €4,837 | €4,608 | -€229 | -4.7% |
| Furniture and vehicles | 24 | €1,554 | €47,581 | +€46,028 | +2962.4% |
| Leasing and similar rights | 25 | €52,640 | €23,868 | -€28,772 | -54.7% |
| Current assets | 29/58 | €60,179 | €64,221 | +€4,041 | +6.7% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €24,218 | €2,493 | -€21,725 | -89.7% |
| Trade receivables | 40 | €15,510 | - | -€15,510 | |
| Other amounts receivable | 41 | €8,708 | €2,493 | -€6,215 | -71.4% |
| Cash at bank and in hand | 54/58 | €34,645 | €44,101 | +€9,456 | +27.3% |
| Deferred charges and accrued income | 490/1 | €1,317 | €2,627 | +€1,310 | +99.5% |
| Total equity and liabilities | 10/49 | €119,210 | €140,278 | +€21,068 | +17.7% |
| Equity | 10/15 | €59,255 | €19,817 | -€39,438 | -66.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,255 | €14,817 | -€39,438 | -72.7% |
| Amounts payable | 17/49 | €59,955 | €120,461 | +€60,506 | +100.9% |
| Amounts payable after more than one year | 17 | €32,132 | €49,662 | +€17,530 | +54.6% |
| Financial debts | 170/4 | €32,132 | €49,662 | +€17,530 | +54.6% |
| Amounts payable within one year | 42/48 | €27,823 | €70,299 | +€42,476 | +152.7% |
| Current portion of amounts payable after more than one year | 42 | €14,723 | €19,105 | +€4,383 | +29.8% |
| Trade debts | 44 | €188 | €2,293 | +€2,104 | +1117.9% |
| Suppliers | 440/4 | €188 | €2,293 | +€2,104 | +1117.9% |
| Taxes, remuneration and social security | 45 | €4,009 | €7,037 | +€3,027 | +75.5% |
| Taxes | 450/3 | €4,009 | €7,037 | +€3,027 | +75.5% |
| Other amounts payable | 47/48 | €8,902 | €41,864 | +€32,962 | +370.3% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | €459 | - | -€459 | |
| Goods, raw materials, services and sundry goods | 60/61 | €229,858 | €194,956 | -€34,902 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,687 | €20,328 | +€2,642 | +14.9% |
| Other operating charges | 640/8 | €1,026 | €2,676 | +€1,650 | +160.7% |
| Gross operating margin | 9900 | €28,091 | €27,663 | -€427 | -1.5% |
| Operating profit (loss) | 9901 | €9,378 | €4,659 | -€4,719 | -50.3% |
| Financial income | 75/76B | €0 | €21 | +€20 | +22711.1% |
| Recurring financial income | 75 | €0 | €21 | +€20 | +22711.1% |
| Financial charges | 65/66B | €2,972 | €4,578 | +€1,607 | +54.1% |
| Recurring financial charges | 65 | €2,972 | €4,578 | +€1,607 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €6,406 | €101 | -€6,305 | -98.4% |
| Income taxes | 67/77 | €1,405 | -€461 | -€1,866 | |
| Profit (loss) for the period | 9904 | €5,001 | €562 | -€4,438 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,001 | €562 | -€4,438 | -88.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.