GORTIS: 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.
GORTIS
Largest movements
- Cash +€32,806
up €32,806 (+227.8%), from €14,403 to €47,209
mainly Current investments (+€30,440) and Net result for the year (+€20,587)
- Current investments -€30,440
no longer reported in 2025 (was €30,440)
- Financial fixed assets +€18,690
up €18,690 (+8.9%), from €209,660 to €228,350
- Profit (loss) carried forward +€20,587
up €20,587 (+17.2%), from -€119,490 to -€98,903
- Financial income +€24,563
up €24,563 (+141.1%), from €17,406 to €41,969
- Gross operating margin +€10,519
up €10,519 (+37.8%), from -€27,852 to -€17,333
- Depreciation -€7,945
down €7,945 (-96.0%), from €8,272 to €327
- Other operating charges -€1,487
down €1,487 (-41.6%), from €3,576 to €2,089
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 | €298,705 | €319,194 | +€20,489 | +6.9% |
| Fixed assets | 21/28 | €209,987 | €228,350 | +€18,363 | +8.7% |
| Tangible fixed assets | 22/27 | €327 | - | -€327 | |
| Plant, machinery and equipment | 23 | €327 | - | -€327 | |
| Financial fixed assets | 28 | €209,660 | €228,350 | +€18,690 | +8.9% |
| Current assets | 29/58 | €88,718 | €90,844 | +€2,126 | +2.4% |
| Amounts receivable within one year | 40/41 | €43,875 | €43,635 | -€240 | -0.5% |
| Other amounts receivable | 41 | €43,875 | €43,635 | -€240 | -0.5% |
| Current investments | 50/53 | €30,440 | - | -€30,440 | |
| Cash at bank and in hand | 54/58 | €14,403 | €47,209 | +€32,806 | +227.8% |
| Total equity and liabilities | 10/49 | €298,705 | €319,194 | +€20,489 | +6.9% |
| Equity | 10/15 | €298,097 | €318,683 | +€20,586 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €398,995 | €398,994 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,560 | €9,560 | = | 0.0% |
| Distributable reserves | 133 | €387,576 | €387,575 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€119,490 | -€98,903 | +€20,587 | +17.2% |
| Amounts payable | 17/49 | €608 | €511 | -€97 | -16.0% |
| Amounts payable within one year | 42/48 | €608 | €511 | -€97 | -16.0% |
| Trade debts | 44 | €608 | €511 | -€97 | -16.0% |
| Suppliers | 440/4 | €608 | €511 | -€97 | -16.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,272 | €327 | -€7,945 | -96.0% |
| Other operating charges | 640/8 | €3,576 | €2,089 | -€1,487 | -41.6% |
| Gross operating margin | 9900 | -€27,852 | -€17,333 | +€10,519 | +37.8% |
| Operating profit (loss) | 9901 | -€39,700 | -€19,749 | +€19,951 | +50.3% |
| Financial income | 75/76B | €17,406 | €41,969 | +€24,563 | +141.1% |
| Recurring financial income | 75 | €17,406 | €41,969 | +€24,563 | +141.1% |
| Financial charges | 65/66B | €1,772 | €1,633 | -€139 | -7.8% |
| Recurring financial charges | 65 | €1,772 | €1,633 | -€139 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,066 | €20,587 | +€44,653 | |
| Profit (loss) for the period | 9904 | -€24,066 | €20,587 | +€44,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,066 | €20,587 | +€44,653 |
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 7 October 2026 via checked.be.