GORTS & CO: 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.
GORTS & CO
Largest movements
- Receivables within one year +€33,275
up €33,275 (+68.3%), from €48,736 to €82,011
of which Trade receivables: +€33,275
- Reserves +€78,500
up €78,500 (+68.6%), from €114,500 to €193,000
of which Distributable reserves: +€74,500
- Debts after one year -€76,528
down €76,528 (-15.1%), from €505,923 to €429,395
of which Financial debts: -€76,528
- Tax, wage and social debts +€18,189
up €18,189 (+289%), from €6,293 to €24,482
- Gross operating margin +€49,137
up €49,137 (+59.4%), from €82,705 to €131,843
- Taxes +€13,233
up €13,233 (+71.0%), from €18,639 to €31,872
- Financial charges -€2,544
down €2,544 (-12.7%), from €20,103 to €17,559
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.
Derived cash bridge
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 | €890,858 | €918,796 | +€27,938 | +3.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €832,000 | €832,000 | = | 0.0% |
| Financial fixed assets | 28 | €832,000 | €832,000 | = | 0.0% |
| Current assets | 29/58 | €58,858 | €86,796 | +€27,938 | +47.5% |
| Amounts receivable within one year | 40/41 | €48,736 | €82,011 | +€33,275 | +68.3% |
| Trade receivables | 40 | €45,375 | €78,650 | +€33,275 | +73.3% |
| Other amounts receivable | 41 | €3,361 | €3,361 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,121 | €4,785 | -€5,337 | -52.7% |
| Total equity and liabilities | 10/49 | €890,858 | €918,796 | +€27,938 | +3.1% |
| Equity | 10/15 | €222,605 | €301,866 | +€79,261 | +35.6% |
| Contributions | 10/11 | €107,000 | €107,000 | = | 0.0% |
| Capital | 10 | €107,000 | €107,000 | = | 0.0% |
| Issued capital | 100 | €107,000 | €107,000 | = | 0.0% |
| Reserves | 13 | €114,500 | €193,000 | +€78,500 | +68.6% |
| Non-distributable reserves | 130/1 | €6,000 | €10,000 | +€4,000 | +66.7% |
| Legal reserve | 130 | €6,000 | €10,000 | +€4,000 | +66.7% |
| Distributable reserves | 133 | €108,500 | €183,000 | +€74,500 | +68.7% |
| Profit (loss) carried forward | 14 | €1,105 | €1,866 | +€761 | +68.9% |
| Amounts payable | 17/49 | €668,253 | €616,929 | -€51,323 | -7.7% |
| Amounts payable after more than one year | 17 | €505,923 | €429,395 | -€76,528 | -15.1% |
| Financial debts | 170/4 | €305,923 | €229,395 | -€76,528 | -25.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,330 | €187,535 | +€25,204 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €77,374 | €79,562 | +€2,188 | +2.8% |
| Trade debts | 44 | €78,663 | €83,490 | +€4,827 | +6.1% |
| Suppliers | 440/4 | €78,663 | €83,490 | +€4,827 | +6.1% |
| Taxes, remuneration and social security | 45 | €6,293 | €24,482 | +€18,189 | +289% |
| Taxes | 450/3 | €6,293 | €24,482 | +€18,189 | +289% |
| Remuneration, social security and pensions | 62 | - | €31 | +€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €0 | -€330 | -100% |
| Other operating charges | 640/8 | €3,118 | €3,120 | +€2 | +0.1% |
| Gross operating margin | 9900 | €82,705 | €131,843 | +€49,137 | +59.4% |
| Operating profit (loss) | 9901 | €79,258 | €128,692 | +€49,434 | +62.4% |
| Financial charges | 65/66B | €20,103 | €17,559 | -€2,544 | -12.7% |
| Recurring financial charges | 65 | €20,103 | €17,559 | -€2,544 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €59,155 | €111,133 | +€51,978 | +87.9% |
| Income taxes | 67/77 | €18,639 | €31,872 | +€13,233 | +71.0% |
| Profit (loss) for the period | 9904 | €40,516 | €79,261 | +€38,745 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,516 | €79,261 | +€38,745 | +95.6% |
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 23 October 2026 via checked.be.