Gossaert - Degryse: 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.
Gossaert - Degryse
Largest movements
- Tangible fixed assets -€25,450
down €25,450 (-13.6%), from €187,626 to €162,175
of which Plant, machinery and equipment: -€20,108
- Receivables within one year +€8,878
up €8,878 (+37.0%), from €24,022 to €32,900
of which Other amounts receivable: +€7,383
- Cash +€5,190
up €5,190 (+5.6%), from €92,364 to €97,555
mainly Debts after one year (+€79,803) and Depreciation (+€38,529)
- Debts after one year +€79,803
up €79,803 (+116%), from €68,988 to €148,791
of which Financial debts: +€82,261
- Reserves -€76,513
down €76,513 (-45.3%), from €168,801 to €92,288
- Other debts -€16,226
down €16,226 (-52.1%), from €31,123 to €14,897
- Tax, wage and social debts +€5,387
up €5,387 (+60.3%), from €8,937 to €14,323
- Current portion of long-term debt -€4,963
down €4,963 (-36.8%), from €13,477 to €8,514
- Gross operating margin +€11,455
up €11,455 (+41.5%), from €27,602 to €39,057
- Depreciation -€5,810
down €5,810 (-13.1%), from €44,339 to €38,529
- Financial income +€2,721
up €2,721 (+388%), from €702 to €3,423
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 | €312,825 | €302,109 | -€10,716 | -3.4% |
| Fixed assets | 21/28 | €191,109 | €165,715 | -€25,394 | -13.3% |
| Intangible fixed assets | 21 | €3,483 | €3,539 | +€57 | +1.6% |
| Tangible fixed assets | 22/27 | €187,626 | €162,175 | -€25,450 | -13.6% |
| Land and buildings | 22 | €88,377 | €87,153 | -€1,224 | -1.4% |
| Plant, machinery and equipment | 23 | €46,418 | €26,310 | -€20,108 | -43.3% |
| Furniture and vehicles | 24 | €52,831 | €48,712 | -€4,119 | -7.8% |
| Current assets | 29/58 | €121,717 | €136,394 | +€14,677 | +12.1% |
| Amounts receivable within one year | 40/41 | €24,022 | €32,900 | +€8,878 | +37.0% |
| Trade receivables | 40 | €12,949 | €14,445 | +€1,496 | +11.6% |
| Other amounts receivable | 41 | €11,072 | €18,455 | +€7,383 | +66.7% |
| Cash at bank and in hand | 54/58 | €92,364 | €97,555 | +€5,190 | +5.6% |
| Deferred charges and accrued income | 490/1 | €5,330 | €5,939 | +€609 | +11.4% |
| Total equity and liabilities | 10/49 | €312,825 | €302,109 | -€10,716 | -3.4% |
| Equity | 10/15 | €187,451 | €110,938 | -€76,513 | -40.8% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €168,801 | €92,288 | -€76,513 | -45.3% |
| Distributable reserves | 133 | €168,801 | €92,288 | -€76,513 | -45.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €125,374 | €191,170 | +€65,797 | +52.5% |
| Amounts payable after more than one year | 17 | €68,988 | €148,791 | +€79,803 | +116% |
| Financial debts | 170/4 | €66,530 | €148,791 | +€82,261 | +124% |
| Other amounts payable | 178/9 | €2,458 | €0 | -€2,458 | -100% |
| Amounts payable within one year | 42/48 | €56,356 | €42,380 | -€13,976 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €13,477 | €8,514 | -€4,963 | -36.8% |
| Trade debts | 44 | €2,819 | €4,646 | +€1,827 | +64.8% |
| Suppliers | 440/4 | €2,819 | €4,646 | +€1,827 | +64.8% |
| Taxes, remuneration and social security | 45 | €8,937 | €14,323 | +€5,387 | +60.3% |
| Taxes | 450/3 | €8,937 | €14,323 | +€5,387 | +60.3% |
| Other amounts payable | 47/48 | €31,123 | €14,897 | -€16,226 | -52.1% |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100% |
| Non-recurring operating income | 76A | €12,631 | €6,143 | -€6,488 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,339 | €38,529 | -€5,810 | -13.1% |
| Other operating charges | 640/8 | €3,278 | €2,916 | -€362 | -11.0% |
| Gross operating margin | 9900 | €27,602 | €39,057 | +€11,455 | +41.5% |
| Operating profit (loss) | 9901 | -€20,015 | -€2,388 | +€17,627 | +88.1% |
| Financial income | 75/76B | €702 | €3,423 | +€2,721 | +388% |
| Recurring financial income | 75 | €702 | €3,423 | +€2,721 | +388% |
| Financial charges | 65/66B | €2,965 | €2,916 | -€49 | -1.6% |
| Recurring financial charges | 65 | €2,965 | €2,916 | -€49 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,278 | -€1,881 | +€20,397 | +91.6% |
| Income taxes | 67/77 | €137 | €132 | -€5 | -3.3% |
| Profit (loss) for the period | 9904 | -€22,414 | -€2,013 | +€20,401 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,414 | -€2,013 | +€20,401 | +91.0% |
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 28 October 2026 via checked.be.