GORET: 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.
GORET
Largest movements
- Cash -€41,142
down €41,142 (-39.5%), from €104,233 to €63,091
mainly Receivables within one year (-€37,441) and Other debts (-€25,935)
- Receivables within one year +€37,441
up €37,441 (+1,628%), from €2,300 to €39,741
of which Trade receivables: +€35,415
- Stocks and contracts -€9,500
down €9,500 (-76.0%), from €12,500 to €3,000
- Deferred charges and accrued income -€2,549
no longer reported in 2025 (was €2,549)
- Other debts -€25,935
down €25,935 (-20.6%), from €125,686 to €99,751
- Trade debts +€6,842
up €6,842 (+393%), from €1,741 to €8,583
of which Suppliers: +€8,312
- Profit (loss) carried forward +€2,959
up €2,959 (+14.1%), from -€20,993 to -€18,034
- Purchases and services +€81,217
new in 2025: €81,217
- Turnover +€75,128
new in 2025: €75,128
- Gross operating margin +€10,969
up €10,969, from -€6,653 to €4,316
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 | €125,034 | €108,900 | -€16,134 | -12.9% |
| Fixed assets | 21/28 | €3,452 | €3,068 | -€384 | -11.1% |
| Tangible fixed assets | 22/27 | €3,427 | €3,043 | -€384 | -11.2% |
| Plant, machinery and equipment | 23 | €3,427 | €3,043 | -€384 | -11.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €121,582 | €105,832 | -€15,750 | -13.0% |
| Stocks and contracts in progress | 3 | €12,500 | €3,000 | -€9,500 | -76.0% |
| Stocks | 30/36 | €12,500 | €3,000 | -€9,500 | -76.0% |
| Amounts receivable within one year | 40/41 | €2,300 | €39,741 | +€37,441 | +1,628% |
| Trade receivables | 40 | - | €35,415 | +€35,415 | |
| Other amounts receivable | 41 | €2,300 | €4,326 | +€2,026 | +88.1% |
| Cash at bank and in hand | 54/58 | €104,233 | €63,091 | -€41,142 | -39.5% |
| Deferred charges and accrued income | 490/1 | €2,549 | - | -€2,549 | |
| Total equity and liabilities | 10/49 | €125,034 | €108,900 | -€16,134 | -12.9% |
| Equity | 10/15 | -€2,393 | €566 | +€2,959 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,993 | -€18,034 | +€2,959 | +14.1% |
| Amounts payable | 17/49 | €127,427 | €108,334 | -€19,093 | -15.0% |
| Amounts payable within one year | 42/48 | €127,427 | €108,334 | -€19,093 | -15.0% |
| Trade debts | 44 | €1,741 | €8,583 | +€6,842 | +393% |
| Suppliers | 440/4 | €271 | €8,583 | +€8,312 | +3,067% |
| Bills of exchange payable | 441 | €1,470 | - | -€1,470 | |
| Other amounts payable | 47/48 | €125,686 | €99,751 | -€25,935 | -20.6% |
| Turnover | 70 | - | €75,128 | +€75,128 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €81,217 | +€81,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €384 | -€0 | 0.0% |
| Other operating charges | 640/8 | €179 | €896 | +€717 | +401% |
| Non-recurring operating charges | 66A | €10 | - | -€10 | |
| Gross operating margin | 9900 | -€6,653 | €4,316 | +€10,969 | |
| Operating profit (loss) | 9901 | -€7,226 | €3,036 | +€10,262 | |
| Financial income | 75/76B | €134 | - | -€134 | |
| Recurring financial income | 75 | €134 | - | -€134 | |
| Financial charges | 65/66B | €114 | €77 | -€37 | -32.2% |
| Recurring financial charges | 65 | €114 | €77 | -€37 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,206 | €2,959 | +€10,165 | |
| Profit (loss) for the period | 9904 | -€7,206 | €2,959 | +€10,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,206 | €2,959 | +€10,165 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.