GORSEM COLDSTORE: 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.
GORSEM COLDSTORE
Largest movements
- Receivables within one year +€77,679
up €77,679 (+8.0%), from €975,020 to €1.1m
of which Trade receivables: +€77,679
- Tangible fixed assets -€23,697
down €23,697 (-3.7%), from €640,779 to €617,082
of which Land and buildings: -€18,462
- Short-term financial debts -€450,000
no longer reported in 2025 (was €450,000)
- Debts after one year +€358,092
up €358,092 (+272.7%), from €131,330 to €489,423
- Advances received +€216,720
up €216,720 (+65.2%), from €332,260 to €548,980
- Tax, wage and social debts -€39,397
down €39,397 (-66.5%), from €59,212 to €19,814
- Trade debts -€27,452
down €27,452 (-37.0%), from €74,129 to €46,676
- Gross operating margin +€8,522
up €8,522 (+6.4%), from €132,676 to €141,198
- Other operating charges +€7,568
up €7,568 (+19.9%), from €38,003 to €45,572
- Financial charges -€2,761
down €2,761 (-5.5%), from €49,936 to €47,175
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,615,905 | €1,670,065 | +€54,160 | +3.4% |
| Fixed assets | 21/28 | €640,779 | €617,082 | -€23,697 | -3.7% |
| Tangible fixed assets | 22/27 | €640,779 | €617,082 | -€23,697 | -3.7% |
| Land and buildings | 22 | €557,495 | €539,033 | -€18,462 | -3.3% |
| Plant, machinery and equipment | 23 | €83,284 | €78,048 | -€5,235 | -6.3% |
| Current assets | 29/58 | €975,127 | €1,052,984 | +€77,857 | +8.0% |
| Amounts receivable within one year | 40/41 | €975,020 | €1,052,699 | +€77,679 | +8.0% |
| Trade receivables | 40 | €303,417 | €381,096 | +€77,679 | +25.6% |
| Other amounts receivable | 41 | €671,603 | €671,603 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107 | €285 | +€178 | +166.7% |
| Total equity and liabilities | 10/49 | €1,615,905 | €1,670,065 | +€54,160 | +3.4% |
| Equity | 10/15 | €407,597 | €415,326 | +€7,728 | +1.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €345,097 | €352,826 | +€7,728 | +2.2% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €338,847 | €346,576 | +€7,728 | +2.3% |
| Amounts payable | 17/49 | €1,208,308 | €1,254,739 | +€46,432 | +3.8% |
| Amounts payable after more than one year | 17 | €131,330 | €489,423 | +€358,092 | +272.7% |
| Financial debts | 170/4 | €131,330 | €489,423 | +€358,092 | +272.7% |
| Amounts payable within one year | 42/48 | €1,070,527 | €765,292 | -€305,235 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €69,190 | €64,085 | -€5,106 | -7.4% |
| Financial debts | 43 | €450,000 | - | -€450,000 | |
| Credit institutions | 430/8 | €450,000 | - | -€450,000 | |
| Trade debts | 44 | €74,129 | €46,676 | -€27,452 | -37.0% |
| Suppliers | 440/4 | €74,129 | €46,676 | -€27,452 | -37.0% |
| Advances received on contracts in progress | 46 | €332,260 | €548,980 | +€216,720 | +65.2% |
| Taxes, remuneration and social security | 45 | €59,212 | €19,814 | -€39,397 | -66.5% |
| Taxes | 450/3 | €59,212 | €19,814 | -€39,397 | -66.5% |
| Other amounts payable | 47/48 | €85,737 | €85,737 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,450 | €25 | -€6,425 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,741 | €40,933 | +€1,193 | +3.0% |
| Other operating charges | 640/8 | €38,003 | €45,572 | +€7,568 | +19.9% |
| Gross operating margin | 9900 | €132,676 | €141,198 | +€8,522 | +6.4% |
| Operating profit (loss) | 9901 | €54,932 | €54,693 | -€239 | -0.4% |
| Financial income | 75/76B | €0 | €210 | +€210 | +116705.6% |
| Recurring financial income | 75 | €0 | €210 | +€210 | +116705.6% |
| Financial charges | 65/66B | €49,936 | €47,175 | -€2,761 | -5.5% |
| Recurring financial charges | 65 | €49,936 | €47,175 | -€2,761 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €4,996 | €7,728 | +€2,732 | +54.7% |
| Profit (loss) for the period | 9904 | €4,996 | €7,728 | +€2,732 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,996 | €7,728 | +€2,732 | +54.7% |
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 8 October 2026 via checked.be.