Goris Roger: 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 Roger
Largest movements
- Receivables within one year -€34,505
down €34,505 (-38.3%), from €90,065 to €55,560
of which Trade receivables: -€34,532
- Stocks and contracts -€34,357
down €34,357 (-8.9%), from €385,544 to €351,187
- Cash -€17,463
down €17,463 (-51.6%), from €33,824 to €16,361
mainly Trade debts (-€91,996) and Debts after one year (-€8,061)
- Trade debts -€91,996
down €91,996 (-20.1%), from €457,065 to €365,069
- Debts after one year -€8,061
down €8,061 (-10.7%), from €75,535 to €67,474
- Profit (loss) carried forward +€7,062
up €7,062 (+4.7%), from -€150,989 to -€143,927
- Gross operating margin -€63,300
down €63,300, from €58,545 to -€4,755
- Financial income +€44,133
up €44,133 (+793.7%), from €5,560 to €49,694
- Financial charges -€14,723
down €14,723 (-35.4%), from €41,592 to €26,869
- Other operating charges -€799
down €799 (-16.2%), from €4,929 to €4,129
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 | €650,450 | €558,088 | -€92,362 | -14.2% |
| Fixed assets | 21/28 | €137,550 | €131,852 | -€5,698 | -4.1% |
| Tangible fixed assets | 22/27 | €134,706 | €129,008 | -€5,698 | -4.2% |
| Land and buildings | 22 | €130,417 | €125,833 | -€4,583 | -3.5% |
| Plant, machinery and equipment | 23 | €3,021 | €2,285 | -€736 | -24.4% |
| Furniture and vehicles | 24 | €1,268 | €890 | -€378 | -29.8% |
| Financial fixed assets | 28 | €2,844 | €2,844 | = | 0.0% |
| Current assets | 29/58 | €512,900 | €426,236 | -€86,664 | -16.9% |
| Stocks and contracts in progress | 3 | €385,544 | €351,187 | -€34,357 | -8.9% |
| Stocks | 30/36 | €385,544 | €351,187 | -€34,357 | -8.9% |
| Amounts receivable within one year | 40/41 | €90,065 | €55,560 | -€34,505 | -38.3% |
| Trade receivables | 40 | €87,668 | €53,137 | -€34,532 | -39.4% |
| Other amounts receivable | 41 | €2,397 | €2,423 | +€27 | +1.1% |
| Current investments | 50/53 | €800 | €800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,824 | €16,361 | -€17,463 | -51.6% |
| Deferred charges and accrued income | 490/1 | €2,668 | €2,328 | -€339 | -12.7% |
| Total equity and liabilities | 10/49 | €650,450 | €558,088 | -€92,362 | -14.2% |
| Equity | 10/15 | €108,592 | €115,654 | +€7,062 | +6.5% |
| Contributions | 10/11 | €101,005 | €101,005 | = | 0.0% |
| Reserves | 13 | €158,576 | €158,576 | = | 0.0% |
| Distributable reserves | 133 | €158,576 | €158,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,989 | -€143,927 | +€7,062 | +4.7% |
| Amounts payable | 17/49 | €541,858 | €442,434 | -€99,424 | -18.3% |
| Amounts payable after more than one year | 17 | €75,535 | €67,474 | -€8,061 | -10.7% |
| Financial debts | 170/4 | €75,535 | €67,474 | -€8,061 | -10.7% |
| Amounts payable within one year | 42/48 | €466,323 | €374,960 | -€91,363 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €7,608 | €8,061 | +€453 | +6.0% |
| Trade debts | 44 | €457,065 | €365,069 | -€91,996 | -20.1% |
| Suppliers | 440/4 | €457,065 | €365,069 | -€91,996 | -20.1% |
| Taxes, remuneration and social security | 45 | €1,650 | €1,830 | +€180 | +10.9% |
| Taxes | 450/3 | €1,650 | €1,830 | +€180 | +10.9% |
| Non-recurring operating income | 76A | €9,050 | - | -€9,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,736 | €5,698 | -€38 | -0.7% |
| Other operating charges | 640/8 | €4,929 | €4,129 | -€799 | -16.2% |
| Gross operating margin | 9900 | €58,545 | -€4,755 | -€63,300 | |
| Operating profit (loss) | 9901 | €47,881 | -€14,583 | -€62,463 | |
| Financial income | 75/76B | €5,560 | €49,694 | +€44,133 | +793.7% |
| Recurring financial income | 75 | €5,560 | €49,694 | +€44,133 | +793.7% |
| Financial charges | 65/66B | €41,592 | €26,869 | -€14,723 | -35.4% |
| Recurring financial charges | 65 | €41,592 | €26,869 | -€14,723 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €11,849 | €8,242 | -€3,607 | -30.4% |
| Income taxes | 67/77 | €1,495 | €1,180 | -€315 | -21.1% |
| Profit (loss) for the period | 9904 | €10,354 | €7,062 | -€3,292 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,354 | €7,062 | -€3,292 | -31.8% |
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 9 October 2026 via checked.be.