GORIS CEDRIC: 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.
GORIS CEDRIC
Largest movements
- Cash +€44,967
up €44,967 (+102%), from €43,881 to €88,848
mainly Other debts (+€69,487) and Net result for the year (+€55,379)
- Tangible fixed assets -€7,590
down €7,590 (-16.0%), from €47,317 to €39,726
of which Plant, machinery and equipment: -€6,237
- Receivables within one year +€6,900
up €6,900 (+58.7%), from €11,758 to €18,657
of which Trade receivables: +€6,928
- Deferred charges and accrued income +€3,633
up €3,633 (+45.5%), from €7,980 to €11,612
- Other debts +€69,487
up €69,487 (+6,067%), from €1,145 to €70,633
- Reserves -€22,292
down €22,292 (-71.4%), from €31,212 to €8,920
- Profit (loss) carried forward +€7,671
up €7,671 (+16.1%), from €47,708 to €55,379
- Trade debts +€5,481
up €5,481 (+148%), from €3,693 to €9,174
- Debts after one year -€5,347
no longer reported in 2025 (was €5,347)
- Gross operating margin +€9,204
up €9,204 (+11.7%), from €78,528 to €87,732
- Taxes +€1,781
up €1,781 (+14.1%), from €12,672 to €14,452
- Financial charges +€917
up €917 (+123%), from €743 to €1,660
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 | €111,600 | €158,844 | +€47,244 | +42.3% |
| Fixed assets | 21/28 | €47,982 | €39,726 | -€8,256 | -17.2% |
| Intangible fixed assets | 21 | €666 | - | -€666 | |
| Tangible fixed assets | 22/27 | €47,317 | €39,726 | -€7,590 | -16.0% |
| Land and buildings | 22 | €14,031 | €16,138 | +€2,107 | +15.0% |
| Plant, machinery and equipment | 23 | €15,977 | €9,740 | -€6,237 | -39.0% |
| Furniture and vehicles | 24 | €1,976 | €3,892 | +€1,916 | +96.9% |
| Leasing and similar rights | 25 | €15,333 | €9,957 | -€5,376 | -35.1% |
| Current assets | 29/58 | €63,618 | €119,118 | +€55,500 | +87.2% |
| Amounts receivable within one year | 40/41 | €11,758 | €18,657 | +€6,900 | +58.7% |
| Trade receivables | 40 | €11,729 | €18,657 | +€6,928 | +59.1% |
| Other amounts receivable | 41 | €28 | - | -€28 | |
| Cash at bank and in hand | 54/58 | €43,881 | €88,848 | +€44,967 | +102% |
| Deferred charges and accrued income | 490/1 | €7,980 | €11,612 | +€3,633 | +45.5% |
| Total equity and liabilities | 10/49 | €111,600 | €158,844 | +€47,244 | +42.3% |
| Equity | 10/15 | €78,921 | €64,300 | -€14,621 | -18.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €31,212 | €8,920 | -€22,292 | -71.4% |
| Distributable reserves | 133 | €31,212 | €8,920 | -€22,292 | -71.4% |
| Profit (loss) carried forward | 14 | €47,708 | €55,379 | +€7,671 | +16.1% |
| Amounts payable | 17/49 | €32,679 | €94,544 | +€61,865 | +189% |
| Amounts payable after more than one year | 17 | €5,347 | - | -€5,347 | |
| Financial debts | 170/4 | €5,347 | - | -€5,347 | |
| Amounts payable within one year | 42/48 | €27,332 | €94,544 | +€67,212 | +246% |
| Current portion of amounts payable after more than one year | 42 | €6,232 | €5,347 | -€886 | -14.2% |
| Financial debts | 43 | €2,942 | - | -€2,942 | |
| Credit institutions | 430/8 | €2,942 | - | -€2,942 | |
| Trade debts | 44 | €3,693 | €9,174 | +€5,481 | +148% |
| Suppliers | 440/4 | €3,693 | €9,174 | +€5,481 | +148% |
| Taxes, remuneration and social security | 45 | €13,320 | €9,391 | -€3,929 | -29.5% |
| Taxes | 450/3 | €13,320 | €9,391 | -€3,929 | -29.5% |
| Other amounts payable | 47/48 | €1,145 | €70,633 | +€69,487 | +6,067% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,785 | €15,458 | -€327 | -2.1% |
| Other operating charges | 640/8 | €1,621 | €941 | -€681 | -42.0% |
| Gross operating margin | 9900 | €78,528 | €87,732 | +€9,204 | +11.7% |
| Operating profit (loss) | 9901 | €61,122 | €71,334 | +€10,212 | +16.7% |
| Financial income | 75/76B | €1 | €157 | +€156 | +11,817% |
| Recurring financial income | 75 | €1 | €157 | +€156 | +11,817% |
| Financial charges | 65/66B | €743 | €1,660 | +€917 | +123% |
| Recurring financial charges | 65 | €743 | €1,660 | +€917 | +123% |
| Profit (loss) for the period before taxes | 9903 | €60,380 | €69,831 | +€9,452 | +15.7% |
| Income taxes | 67/77 | €12,672 | €14,452 | +€1,781 | +14.1% |
| Profit (loss) for the period | 9904 | €47,708 | €55,379 | +€7,671 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,708 | €55,379 | +€7,671 | +16.1% |
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 13 October 2026 via checked.be.