GorTech: 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.
GorTech
Largest movements
- Cash -€3,912
down €3,912 (-68.0%), from €5,754 to €1,843
mainly Net result for the year (-€13,599) and Tax, wage and social debts (-€3,871)
- Receivables within one year -€2,118
down €2,118 (-24.2%), from €8,764 to €6,646
of which Other amounts receivable: -€3,543
- Tangible fixed assets +€1,172
new in 2024: €1,172
- Profit (loss) carried forward -€13,599
down €13,599, from €3,502 to -€10,097
- Other debts +€10,590
up €10,590 (+324.4%), from €3,264 to €13,854
- Tax, wage and social debts -€3,871
down €3,871 (-75.7%), from €5,112 to €1,241
- Trade debts +€2,024
up €2,024 (+291.2%), from €695 to €2,719
- Gross operating margin -€28,081
down €28,081, from €21,954 to -€6,127
- Write-downs -€11,400
down €11,400 (-66.7%), from €17,100 to €5,700
- Taxes -€867
down €867 (-82.2%), from €1,054 to €187
- Financial charges +€787
up €787 (+264.0%), from €298 to €1,085
- Depreciation +€499
new in 2024: €499
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.
Cash bridge derived
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 | €15,073 | €10,216 | -€4,857 | -32.2% |
| Fixed assets | 21/28 | - | €1,172 | +€1,172 | |
| Tangible fixed assets | 22/27 | - | €1,172 | +€1,172 | |
| Furniture and vehicles | 24 | - | €1,172 | +€1,172 | |
| Current assets | 29/58 | €15,073 | €9,044 | -€6,029 | -40.0% |
| Amounts receivable within one year | 40/41 | €8,764 | €6,646 | -€2,118 | -24.2% |
| Trade receivables | 40 | €4,275 | €5,700 | +€1,425 | +33.3% |
| Other amounts receivable | 41 | €4,489 | €946 | -€3,543 | -78.9% |
| Cash at bank and in hand | 54/58 | €5,754 | €1,843 | -€3,912 | -68.0% |
| Deferred charges and accrued income | 490/1 | €555 | €556 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €15,073 | €10,216 | -€4,857 | -32.2% |
| Equity | 10/15 | €6,002 | -€7,597 | -€13,599 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,502 | -€10,097 | -€13,599 | |
| Amounts payable | 17/49 | €9,071 | €17,813 | +€8,742 | +96.4% |
| Amounts payable within one year | 42/48 | €9,071 | €17,813 | +€8,742 | +96.4% |
| Trade debts | 44 | €695 | €2,719 | +€2,024 | +291.2% |
| Suppliers | 440/4 | €695 | €2,719 | +€2,024 | +291.2% |
| Taxes, remuneration and social security | 45 | €5,112 | €1,241 | -€3,871 | -75.7% |
| Taxes | 450/3 | €5,112 | €1,241 | -€3,871 | -75.7% |
| Other amounts payable | 47/48 | €3,264 | €13,854 | +€10,590 | +324.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €499 | +€499 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,100 | €5,700 | -€11,400 | -66.7% |
| Gross operating margin | 9900 | €21,954 | -€6,127 | -€28,081 | |
| Operating profit (loss) | 9901 | €4,854 | -€12,327 | -€17,180 | |
| Financial charges | 65/66B | €298 | €1,085 | +€787 | +264.0% |
| Recurring financial charges | 65 | €298 | €1,085 | +€787 | +264.0% |
| Profit (loss) for the period before taxes | 9903 | €4,556 | -€13,412 | -€17,967 | |
| Income taxes | 67/77 | €1,054 | €187 | -€867 | -82.2% |
| Profit (loss) for the period | 9904 | €3,502 | -€13,599 | -€17,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,502 | -€13,599 | -€17,101 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.