GORVEX: 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.
GORVEX
Largest movements
- Receivables within one year -€30,490
down €30,490 (-31.6%), from €96,541 to €66,050
of which Other amounts receivable: -€21,796
- Cash +€10,015
up €10,015 (+3877.6%), from €258 to €10,273
mainly Receivables within one year (+€30,490) and Trade debts (+€8,884)
- Profit (loss) carried forward -€30,872
down €30,872 (-31.3%), from €98,742 to €67,870
- Trade debts +€8,884
up €8,884 (+910.5%), from €976 to €9,860
- Tax, wage and social debts +€1,610
up €1,610 (+35.1%), from €4,584 to €6,194
of which Taxes: +€805
- Staff costs +€23,560
up €23,560 (+170.7%), from €13,799 to €37,360
- Taxes -€4,998
no longer reported in 2024 (was €4,998)
- Financial charges +€3,653
up €3,653 (+264.3%), from €1,382 to €5,034
- Financial income +€3,525
up €3,525 (+15998.7%), from €22 to €3,547
- Gross operating margin +€3,158
up €3,158 (+17.4%), from €18,193 to €21,352
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 | €106,161 | €85,783 | -€20,378 | -19.2% |
| Fixed assets | 21/28 | €1,112 | €1,057 | -€56 | -5.0% |
| Tangible fixed assets | 22/27 | €1,112 | €1,057 | -€56 | -5.0% |
| Plant, machinery and equipment | 23 | €1,112 | €1,057 | -€56 | -5.0% |
| Current assets | 29/58 | €105,049 | €84,727 | -€20,322 | -19.3% |
| Stocks and contracts in progress | 3 | €8,250 | €8,250 | = | 0.0% |
| Stocks | 30/36 | €8,250 | €8,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,541 | €66,050 | -€30,490 | -31.6% |
| Trade receivables | 40 | €26,804 | €18,110 | -€8,695 | -32.4% |
| Other amounts receivable | 41 | €69,736 | €47,940 | -€21,796 | -31.3% |
| Cash at bank and in hand | 54/58 | €258 | €10,273 | +€10,015 | +3877.6% |
| Deferred charges and accrued income | 490/1 | - | €153 | +€153 | |
| Total equity and liabilities | 10/49 | €106,161 | €85,783 | -€20,378 | -19.2% |
| Equity | 10/15 | €100,602 | €69,730 | -€30,872 | -30.7% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,742 | €67,870 | -€30,872 | -31.3% |
| Amounts payable | 17/49 | €5,559 | €16,054 | +€10,494 | +188.8% |
| Amounts payable within one year | 42/48 | €5,559 | €16,054 | +€10,494 | +188.8% |
| Trade debts | 44 | €976 | €9,860 | +€8,884 | +910.5% |
| Suppliers | 440/4 | €976 | €9,860 | +€8,884 | +910.5% |
| Taxes, remuneration and social security | 45 | €4,584 | €6,194 | +€1,610 | +35.1% |
| Taxes | 450/3 | €1,953 | €2,758 | +€805 | +41.2% |
| Remuneration and social security | 454/9 | €2,630 | €3,435 | +€805 | +30.6% |
| Remuneration, social security and pensions | 62 | €13,799 | €37,360 | +€23,560 | +170.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €509 | +€323 | +174.0% |
| Other operating charges | 640/8 | €2,882 | €1,103 | -€1,779 | -61.7% |
| Gross operating margin | 9900 | €18,193 | €21,352 | +€3,158 | +17.4% |
| Operating profit (loss) | 9901 | €1,326 | -€17,620 | -€18,946 | |
| Financial income | 75/76B | €22 | €3,547 | +€3,525 | +15998.7% |
| Recurring financial income | 75 | €22 | €3,547 | +€3,525 | +15998.7% |
| Financial charges | 65/66B | €1,382 | €5,034 | +€3,653 | +264.3% |
| Recurring financial charges | 65 | €1,382 | €5,034 | +€3,653 | +264.3% |
| Profit (loss) for the period before taxes | 9903 | -€34 | -€19,107 | -€19,074 | -56868.9% |
| Income taxes | 67/77 | €4,998 | - | -€4,998 | |
| Profit (loss) for the period | 9904 | -€5,031 | -€19,107 | -€14,076 | -279.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,031 | -€19,107 | -€14,076 | -279.8% |
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 4 October 2026 via checked.be.