GORGEOUS: 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.
GORGEOUS
Largest movements
- Receivables within one year +€78,723
up €78,723 (+15.0%), from €526,287 to €605,010
of which Trade receivables: +€53,836
- Tangible fixed assets +€30,092
up €30,092 (+87.9%), from €34,227 to €64,319
of which Other tangible fixed assets: +€26,957
- Reserves +€139,957
up €139,957 (+34.1%), from €410,537 to €550,494
- Tax, wage and social debts -€29,093
down €29,093 (-37.8%), from €77,030 to €47,937
- Other debts +€19,969
new in 2025: €19,969
- Trade debts -€17,855
down €17,855 (-40.5%), from €44,083 to €26,228
- Gross operating margin +€56,955
up €56,955 (+37.4%), from €152,138 to €209,092
- Taxes +€15,368
up €15,368 (+35.5%), from €43,279 to €58,646
- Financial charges +€5,995
up €5,995 (+249.3%), from €2,405 to €8,400
- Depreciation +€4,551
up €4,551 (+284.6%), from €1,599 to €6,150
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 | €568,591 | €681,539 | +€112,948 | +19.9% |
| Fixed assets | 21/28 | €34,227 | €64,319 | +€30,092 | +87.9% |
| Tangible fixed assets | 22/27 | €34,227 | €64,319 | +€30,092 | +87.9% |
| Plant, machinery and equipment | 23 | - | €3,135 | +€3,135 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €34,227 | €61,184 | +€26,957 | +78.8% |
| Current assets | 29/58 | €534,364 | €617,220 | +€82,856 | +15.5% |
| Amounts receivable within one year | 40/41 | €526,287 | €605,010 | +€78,723 | +15.0% |
| Trade receivables | 40 | €458,019 | €511,855 | +€53,836 | +11.8% |
| Other amounts receivable | 41 | €68,268 | €93,155 | +€24,887 | +36.5% |
| Cash at bank and in hand | 54/58 | €4,907 | €8,148 | +€3,241 | +66.1% |
| Deferred charges and accrued income | 490/1 | €3,170 | €4,062 | +€891 | +28.1% |
| Total equity and liabilities | 10/49 | €568,591 | €681,539 | +€112,948 | +19.9% |
| Equity | 10/15 | €430,537 | €570,494 | +€139,957 | +32.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €410,537 | €550,494 | +€139,957 | +34.1% |
| Distributable reserves | 133 | €410,537 | €550,494 | +€139,957 | +34.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €138,054 | €111,045 | -€27,009 | -19.6% |
| Amounts payable within one year | 42/48 | €138,054 | €111,045 | -€27,009 | -19.6% |
| Financial debts | 43 | €16,941 | €16,911 | -€29 | -0.2% |
| Credit institutions | 430/8 | €16,941 | €16,911 | -€29 | -0.2% |
| Trade debts | 44 | €44,083 | €26,228 | -€17,855 | -40.5% |
| Suppliers | 440/4 | €44,083 | €26,228 | -€17,855 | -40.5% |
| Taxes, remuneration and social security | 45 | €77,030 | €47,937 | -€29,093 | -37.8% |
| Taxes | 450/3 | €77,030 | €47,937 | -€29,093 | -37.8% |
| Other amounts payable | 47/48 | - | €19,969 | +€19,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,599 | €6,150 | +€4,551 | +284.6% |
| Other operating charges | 640/8 | €1,485 | €0 | -€1,485 | -100.0% |
| Gross operating margin | 9900 | €152,138 | €209,092 | +€56,955 | +37.4% |
| Operating profit (loss) | 9901 | €149,054 | €202,942 | +€53,888 | +36.2% |
| Financial income | 75/76B | €3,136 | €4,062 | +€926 | +29.5% |
| Recurring financial income | 75 | €3,136 | €4,062 | +€926 | +29.5% |
| Financial charges | 65/66B | €2,405 | €8,400 | +€5,995 | +249.3% |
| Recurring financial charges | 65 | €2,405 | €8,400 | +€5,995 | +249.3% |
| Profit (loss) for the period before taxes | 9903 | €149,784 | €198,603 | +€48,819 | +32.6% |
| Income taxes | 67/77 | €43,279 | €58,646 | +€15,368 | +35.5% |
| Profit (loss) for the period | 9904 | €106,506 | €139,957 | +€33,451 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,506 | €139,957 | +€33,451 | +31.4% |
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 6 October 2026 via checked.be.