Gorris-Van Hoecke: 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.
Gorris-Van Hoecke
Largest movements
- Cash +€15,800
up €15,800 (+178%), from €8,870 to €24,670
mainly Depreciation (+€62,454) and Contributions, distributions and other (+€25,882)
- Receivables within one year +€11,485
new in 2024: €11,485
- Profit (loss) carried forward +€25,550
up €25,550 (+17.7%), from €144,375 to €169,925
- Reserves +€25,020
up €25,020 (+12.5%), from €200,116 to €225,136
of which Distributable reserves: +€34,023
- Debts after one year -€18,289
down €18,289 (-6.6%), from €275,671 to €257,382
of which Financial debts: -€73,289
- Gross operating margin +€7,828
up €7,828 (+8.4%), from €93,229 to €101,057
- Financial charges -€1,891
down €1,891 (-32.7%), from €5,789 to €3,898
- Depreciation +€1,704
up €1,704 (+2.8%), from €60,750 to €62,454
- Taxes -€1,492
down €1,492 (-18.6%), from €8,023 to €6,531
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €659,325 | €691,303 | +€31,978 | +4.9% |
| Fixed assets | 21/28 | €435,299 | €439,992 | +€4,693 | +1.1% |
| Tangible fixed assets | 22/27 | €431,386 | €436,079 | +€4,693 | +1.1% |
| Land and buildings | 22 | €316,572 | €339,928 | +€23,356 | +7.4% |
| Plant, machinery and equipment | 23 | €58,932 | €53,262 | -€5,670 | -9.6% |
| Furniture and vehicles | 24 | €55,882 | €42,889 | -€12,993 | -23.3% |
| Financial fixed assets | 28 | €3,913 | €3,913 | = | 0.0% |
| Current assets | 29/58 | €224,026 | €251,311 | +€27,285 | +12.2% |
| Amounts receivable after more than one year | 29 | €215,156 | €215,156 | = | 0.0% |
| Other amounts receivable | 291 | €215,156 | €215,156 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €11,485 | +€11,485 | |
| Trade receivables | 40 | - | €11,485 | +€11,485 | |
| Cash at bank and in hand | 54/58 | €8,870 | €24,670 | +€15,800 | +178% |
| Total equity and liabilities | 10/49 | €659,325 | €691,303 | +€31,978 | +4.9% |
| Equity | 10/15 | €363,083 | €413,653 | +€50,570 | +13.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €200,116 | €225,136 | +€25,020 | +12.5% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Other | 1319 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €159,308 | €148,446 | -€10,862 | -6.8% |
| Distributable reserves | 133 | €40,808 | €74,831 | +€34,023 | +83.4% |
| Profit (loss) carried forward | 14 | €144,375 | €169,925 | +€25,550 | +17.7% |
| Amounts payable | 17/49 | €296,242 | €277,650 | -€18,592 | -6.3% |
| Amounts payable after more than one year | 17 | €275,671 | €257,382 | -€18,289 | -6.6% |
| Financial debts | 170/4 | €275,671 | €202,382 | -€73,289 | -26.6% |
| Other amounts payable | 178/9 | - | €55,000 | +€55,000 | |
| Amounts payable within one year | 42/48 | €20,571 | €20,268 | -€303 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €18,288 | €18,288 | = | 0.0% |
| Trade debts | 44 | €244 | €487 | +€243 | +99.6% |
| Suppliers | 440/4 | €244 | €487 | +€243 | +99.6% |
| Other amounts payable | 47/48 | €2,039 | €1,493 | -€546 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,750 | €62,454 | +€1,704 | +2.8% |
| Other operating charges | 640/8 | €3,028 | €3,486 | +€458 | +15.1% |
| Gross operating margin | 9900 | €93,229 | €101,057 | +€7,828 | +8.4% |
| Operating profit (loss) | 9901 | €29,451 | €35,117 | +€5,666 | +19.2% |
| Financial charges | 65/66B | €5,789 | €3,898 | -€1,891 | -32.7% |
| Recurring financial charges | 65 | €5,789 | €3,898 | -€1,891 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €23,662 | €31,219 | +€7,557 | +31.9% |
| Income taxes | 67/77 | €8,023 | €6,531 | -€1,492 | -18.6% |
| Profit (loss) for the period | 9904 | €15,639 | €24,688 | +€9,049 | +57.9% |
| Transfer from tax-exempt reserves | 789 | - | €5,431 | +€5,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,639 | €30,119 | +€14,480 | +92.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.