Gossuin & Blanchart: what changed
Gossuin & Blanchart
Largest movements
- Cash +€536,714
up €536,714 (+259%), from €207,053 to €743,767
mainly Current investments (+€447,296) and Other debts (+€338,121)
- Current investments -€447,296
no longer reported in 2025 (was €447,296)
- Tangible fixed assets -€54,128
down €54,128 (-4.7%), from €1.1m to €1.1m
of which Land and buildings: -€52,151
- Receivables within one year -€28,811
down €28,811 (-66.7%), from €43,186 to €14,376
- Other debts +€338,121
up €338,121 (+246%), from €137,325 to €475,446
- Reserves -€254,956
down €254,956 (-23.8%), from €1.1m to €817,062
of which Distributable reserves: -€254,956
- Debts after one year -€67,847
down €67,847 (-13.0%), from €521,653 to €453,806
- Financial income +€26,994
up €26,994 (+1,836%), from €1,471 to €28,465
- Gross operating margin -€20,711
down €20,711 (-2.5%), from €841,006 to €820,295
- Depreciation +€17,967
up €17,967 (+14.4%), from €124,751 to €142,719
- Staff costs -€13,225
down €13,225 (-4.3%), from €305,459 to €292,234
- Other operating charges +€11,713
up €11,713 (+66.3%), from €17,663 to €29,376
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,847,181 | €1,851,257 | +€4,075 | +0.2% |
| Fixed assets | 21/28 | €1,147,242 | €1,093,113 | -€54,128 | -4.7% |
| Tangible fixed assets | 22/27 | €1,147,242 | €1,093,113 | -€54,128 | -4.7% |
| Land and buildings | 22 | €975,799 | €923,648 | -€52,151 | -5.3% |
| Plant, machinery and equipment | 23 | €5,936 | €7,591 | +€1,655 | +27.9% |
| Furniture and vehicles | 24 | €130,420 | €145,171 | +€14,752 | +11.3% |
| Other tangible fixed assets | 26 | €35,087 | €16,704 | -€18,384 | -52.4% |
| Current assets | 29/58 | €699,940 | €758,143 | +€58,203 | +8.3% |
| Amounts receivable within one year | 40/41 | €43,186 | €14,376 | -€28,811 | -66.7% |
| Other amounts receivable | 41 | €43,186 | €14,376 | -€28,811 | -66.7% |
| Current investments | 50/53 | €447,296 | - | -€447,296 | |
| Cash at bank and in hand | 54/58 | €207,053 | €743,767 | +€536,714 | +259% |
| Deferred charges and accrued income | 490/1 | €2,404 | - | -€2,404 | |
| Total equity and liabilities | 10/49 | €1,847,181 | €1,851,257 | +€4,075 | +0.2% |
| Equity | 10/15 | €1,078,218 | €823,262 | -€254,956 | -23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,072,018 | €817,062 | -€254,956 | -23.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €73 | €73 | = | 0.0% |
| Distributable reserves | 133 | €1,070,085 | €815,129 | -€254,956 | -23.8% |
| Amounts payable | 17/49 | €768,963 | €1,027,994 | +€259,031 | +33.7% |
| Amounts payable after more than one year | 17 | €521,653 | €453,806 | -€67,847 | -13.0% |
| Financial debts | 170/4 | €521,653 | €453,806 | -€67,847 | -13.0% |
| Amounts payable within one year | 42/48 | €247,310 | €574,188 | +€326,878 | +132% |
| Current portion of amounts payable after more than one year | 42 | €76,418 | €67,847 | -€8,571 | -11.2% |
| Taxes, remuneration and social security | 45 | €33,568 | €30,895 | -€2,673 | -8.0% |
| Taxes | 450/3 | - | €30,895 | +€30,895 | |
| Remuneration and social security | 454/9 | €33,568 | - | -€33,568 | |
| Other amounts payable | 47/48 | €137,325 | €475,446 | +€338,121 | +246% |
| Remuneration, social security and pensions | 62 | €305,459 | €292,234 | -€13,225 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,751 | €142,719 | +€17,967 | +14.4% |
| Other operating charges | 640/8 | €17,663 | €29,376 | +€11,713 | +66.3% |
| Non-recurring operating charges | 66A | €9,456 | - | -€9,456 | |
| Gross operating margin | 9900 | €841,006 | €820,295 | -€20,711 | -2.5% |
| Operating profit (loss) | 9901 | €383,676 | €355,966 | -€27,710 | -7.2% |
| Financial income | 75/76B | €1,471 | €28,465 | +€26,994 | +1,836% |
| Recurring financial income | 75 | €1,471 | €28,465 | +€26,994 | +1,836% |
| Financial charges | 65/66B | €10,988 | €8,473 | -€2,515 | -22.9% |
| Recurring financial charges | 65 | €10,988 | €8,473 | -€2,515 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €374,158 | €375,957 | +€1,799 | +0.5% |
| Income taxes | 67/77 | €129,641 | €127,997 | -€1,644 | -1.3% |
| Profit (loss) for the period | 9904 | €244,517 | €247,960 | +€3,443 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €244,517 | €247,960 | +€3,443 | +1.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.