GORIK VDB: what changed
GORIK VDB
Largest movements
- Tangible fixed assets +€355,275
up €355,275 (+564%), from €62,959 to €418,234
of which Land and buildings: +€374,909
- Cash -€130,228
down €130,228 (-91.9%), from €141,649 to €11,420
mainly Investment in fixed assets (net) (-€391,475) and Other debts (-€81,331)
- Receivables within one year -€41,945
down €41,945 (-56.0%), from €74,868 to €32,923
of which Trade receivables: -€44,422
- Stocks and contracts -€6,023
down €6,023 (-61.2%), from €9,845 to €3,822
- Debts after one year +€256,315
up €256,315 (+668%), from €38,362 to €294,677
- Other debts -€81,331
down €81,331 (-56.6%), from €143,672 to €62,341
- Current portion of long-term debt +€17,215
up €17,215 (+98.2%), from €17,527 to €34,742
- Reserves -€5,941
down €5,941 (-10.0%), from €59,261 to €53,320
- Gross operating margin -€9,241
down €9,241 (-17.3%), from €53,295 to €44,054
- Financial charges +€5,892
up €5,892 (+94.7%), from €6,222 to €12,114
- Depreciation -€5,510
down €5,510 (-13.2%), from €41,710 to €36,200
- Taxes -€1,076
down €1,076 (-99.7%), from €1,079 to €4
- Other operating charges +€732
up €732 (+54.2%), from €1,352 to €2,084
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,003 | €468,264 | +€177,260 | +60.9% |
| Fixed assets | 21/28 | €62,959 | €418,234 | +€355,275 | +564% |
| Tangible fixed assets | 22/27 | €62,959 | €418,234 | +€355,275 | +564% |
| Land and buildings | 22 | - | €374,909 | +€374,909 | |
| Plant, machinery and equipment | 23 | €44,548 | €30,514 | -€14,035 | -31.5% |
| Furniture and vehicles | 24 | €18,411 | €12,811 | -€5,600 | -30.4% |
| Current assets | 29/58 | €228,044 | €50,030 | -€178,014 | -78.1% |
| Stocks and contracts in progress | 3 | €9,845 | €3,822 | -€6,023 | -61.2% |
| Stocks | 30/36 | €9,845 | €3,822 | -€6,023 | -61.2% |
| Amounts receivable within one year | 40/41 | €74,868 | €32,923 | -€41,945 | -56.0% |
| Trade receivables | 40 | €67,970 | €23,548 | -€44,422 | -65.4% |
| Other amounts receivable | 41 | €6,898 | €9,375 | +€2,477 | +35.9% |
| Cash at bank and in hand | 54/58 | €141,649 | €11,420 | -€130,228 | -91.9% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,865 | +€182 | +10.8% |
| Total equity and liabilities | 10/49 | €291,003 | €468,264 | +€177,260 | +60.9% |
| Equity | 10/15 | €61,261 | €55,320 | -€5,941 | -9.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €59,261 | €53,320 | -€5,941 | -10.0% |
| Distributable reserves | 133 | €59,261 | €53,320 | -€5,941 | -10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €229,742 | €412,944 | +€183,201 | +79.7% |
| Amounts payable after more than one year | 17 | €38,362 | €294,677 | +€256,315 | +668% |
| Financial debts | 170/4 | €38,362 | €294,677 | +€256,315 | +668% |
| Amounts payable within one year | 42/48 | €188,060 | €118,267 | -€69,793 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €17,527 | €34,742 | +€17,215 | +98.2% |
| Trade debts | 44 | €23,585 | €19,308 | -€4,277 | -18.1% |
| Suppliers | 440/4 | €23,585 | €19,308 | -€4,277 | -18.1% |
| Taxes, remuneration and social security | 45 | €3,275 | €1,875 | -€1,400 | -42.7% |
| Taxes | 450/3 | €2,100 | €700 | -€1,400 | -66.7% |
| Remuneration and social security | 454/9 | €1,175 | €1,175 | = | 0.0% |
| Other amounts payable | 47/48 | €143,672 | €62,341 | -€81,331 | -56.6% |
| Accrued charges and deferred income | 492/3 | €3,321 | €0 | -€3,321 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,710 | €36,200 | -€5,510 | -13.2% |
| Other operating charges | 640/8 | €1,352 | €2,084 | +€732 | +54.2% |
| Gross operating margin | 9900 | €53,295 | €44,054 | -€9,241 | -17.3% |
| Operating profit (loss) | 9901 | €10,234 | €5,770 | -€4,463 | -43.6% |
| Financial income | 75/76B | €705 | €406 | -€299 | -42.4% |
| Recurring financial income | 75 | €705 | €406 | -€299 | -42.4% |
| Financial charges | 65/66B | €6,222 | €12,114 | +€5,892 | +94.7% |
| Recurring financial charges | 65 | €6,222 | €12,114 | +€5,892 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €4,717 | -€5,937 | -€10,654 | |
| Income taxes | 67/77 | €1,079 | €4 | -€1,076 | -99.7% |
| Profit (loss) for the period | 9904 | €3,637 | -€5,941 | -€9,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,637 | -€5,941 | -€9,578 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.