GORYAL: 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.
GORYAL
Largest movements
- Cash +€74,877
up €74,877 (+28.8%), from €259,696 to €334,574
mainly Net result for the year (+€59,128) and Tax, wage and social debts (+€14,315)
- Profit (loss) carried forward +€59,128
up €59,128 (+21.3%), from €277,054 to €336,183
- Tax, wage and social debts +€14,315
up €14,315 (+436.5%), from €3,280 to €17,595
- Gross operating margin +€78,853
up €78,853, from -€3,411 to €75,442
- Taxes +€11,900
up €11,900 (+7287.5%), from €163 to €12,063
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 | €301,676 | €374,472 | +€72,795 | +24.1% |
| Fixed assets | 21/28 | €7,207 | €4,026 | -€3,181 | -44.1% |
| Tangible fixed assets | 22/27 | €7,207 | €4,026 | -€3,181 | -44.1% |
| Furniture and vehicles | 24 | €6,280 | €3,860 | -€2,421 | -38.5% |
| Other tangible fixed assets | 26 | €927 | €167 | -€760 | -82.0% |
| Current assets | 29/58 | €294,469 | €370,445 | +€75,976 | +25.8% |
| Amounts receivable within one year | 40/41 | €32,501 | €33,484 | +€982 | +3.0% |
| Trade receivables | 40 | €25,840 | €30,347 | +€4,507 | +17.4% |
| Other amounts receivable | 41 | €6,661 | €3,137 | -€3,524 | -52.9% |
| Cash at bank and in hand | 54/58 | €259,696 | €334,574 | +€74,877 | +28.8% |
| Deferred charges and accrued income | 490/1 | €2,272 | €2,388 | +€116 | +5.1% |
| Total equity and liabilities | 10/49 | €301,676 | €374,472 | +€72,795 | +24.1% |
| Equity | 10/15 | €297,514 | €356,643 | +€59,128 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,054 | €336,183 | +€59,128 | +21.3% |
| Amounts payable | 17/49 | €4,162 | €17,829 | +€13,667 | +328.4% |
| Amounts payable within one year | 42/48 | €4,162 | €17,829 | +€13,667 | +328.4% |
| Trade debts | 44 | €882 | €234 | -€648 | -73.5% |
| Suppliers | 440/4 | €882 | €234 | -€648 | -73.5% |
| Taxes, remuneration and social security | 45 | €3,280 | €17,595 | +€14,315 | +436.5% |
| Taxes | 450/3 | €3,280 | €17,595 | +€14,315 | +436.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,181 | €3,181 | = | 0.0% |
| Other operating charges | 640/8 | €1,213 | €939 | -€274 | -22.6% |
| Gross operating margin | 9900 | -€3,411 | €75,442 | +€78,853 | |
| Operating profit (loss) | 9901 | -€7,805 | €71,323 | +€79,127 | |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,922 | €71,191 | +€79,113 | |
| Income taxes | 67/77 | €163 | €12,063 | +€11,900 | +7287.5% |
| Profit (loss) for the period | 9904 | -€8,085 | €59,128 | +€67,214 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,085 | €59,128 | +€67,214 |
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 4 October 2026 via checked.be.