GROEP GORA: 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.
GROEP GORA
Largest movements
- Cash -€41,868
down €41,868 (-41.5%), from €100,976 to €59,108
mainly Contributions, distributions and other (-€300,000) and Debts after one year (-€65,846)
- Tangible fixed assets -€32,894
down €32,894 (-4.3%), from €764,705 to €731,812
of which Land and buildings: -€31,785
- Receivables within one year -€31,904
down €31,904 (-46.2%), from €69,040 to €37,136
of which Other amounts receivable: -€23,215
- Debts after one year -€65,846
down €65,846 (-14.0%), from €471,703 to €405,857
- Reserves -€58,180
down €58,180 (-16.4%), from €353,682 to €295,503
- Tax, wage and social debts +€15,671
up €15,671 (+97.0%), from €16,149 to €31,820
of which Taxes: +€13,671
- Gross operating margin +€203,646
up €203,646 (+123%), from €165,901 to €369,547
- Taxes +€61,747
up €61,747 (+415%), from €14,863 to €76,610
- Other operating charges -€22,614
down €22,614 (-79.5%), from €28,437 to €5,823
- Staff costs -€11,246
down €11,246 (-94.0%), from €11,964 to €717
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 | €938,636 | €829,937 | -€108,699 | -11.6% |
| Fixed assets | 21/28 | €764,705 | €731,812 | -€32,894 | -4.3% |
| Tangible fixed assets | 22/27 | €764,705 | €731,812 | -€32,894 | -4.3% |
| Land and buildings | 22 | €763,502 | €731,717 | -€31,785 | -4.2% |
| Plant, machinery and equipment | 23 | €1,204 | €95 | -€1,109 | -92.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €173,930 | €98,125 | -€75,805 | -43.6% |
| Amounts receivable within one year | 40/41 | €69,040 | €37,136 | -€31,904 | -46.2% |
| Trade receivables | 40 | €31,679 | €22,990 | -€8,689 | -27.4% |
| Other amounts receivable | 41 | €37,361 | €14,146 | -€23,215 | -62.1% |
| Cash at bank and in hand | 54/58 | €100,976 | €59,108 | -€41,868 | -41.5% |
| Deferred charges and accrued income | 490/1 | €3,914 | €1,880 | -€2,034 | -52.0% |
| Total equity and liabilities | 10/49 | €938,636 | €829,937 | -€108,699 | -11.6% |
| Equity | 10/15 | €373,682 | €315,503 | -€58,180 | -15.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €353,682 | €295,503 | -€58,180 | -16.4% |
| Distributable reserves | 133 | €353,682 | €295,503 | -€58,180 | -16.4% |
| Amounts payable | 17/49 | €564,953 | €514,434 | -€50,519 | -8.9% |
| Amounts payable after more than one year | 17 | €471,703 | €405,857 | -€65,846 | -14.0% |
| Financial debts | 170/4 | €471,703 | €405,857 | -€65,846 | -14.0% |
| Amounts payable within one year | 42/48 | €93,251 | €108,577 | +€15,326 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €64,969 | €65,009 | +€40 | +0.1% |
| Trade debts | 44 | €12,133 | €7,739 | -€4,393 | -36.2% |
| Suppliers | 440/4 | €12,133 | €7,739 | -€4,393 | -36.2% |
| Taxes, remuneration and social security | 45 | €16,149 | €31,820 | +€15,671 | +97.0% |
| Taxes | 450/3 | €16,149 | €29,820 | +€13,671 | +84.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €0 | €4,009 | +€4,009 | |
| Non-recurring operating income | 76A | €6,453 | - | -€6,453 | |
| Remuneration, social security and pensions | 62 | €11,964 | €717 | -€11,246 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,687 | €32,894 | -€2,793 | -7.8% |
| Other operating charges | 640/8 | €28,437 | €5,823 | -€22,614 | -79.5% |
| Gross operating margin | 9900 | €165,901 | €369,547 | +€203,646 | +123% |
| Operating profit (loss) | 9901 | €89,814 | €330,113 | +€240,299 | +268% |
| Financial income | 75/76B | €56 | €218 | +€162 | +291% |
| Recurring financial income | 75 | €56 | €218 | +€162 | +291% |
| Financial charges | 65/66B | €12,573 | €11,901 | -€672 | -5.3% |
| Recurring financial charges | 65 | €12,489 | €11,901 | -€588 | -4.7% |
| Non-recurring financial charges | 66B | €84 | - | -€84 | |
| Profit (loss) for the period before taxes | 9903 | €77,296 | €318,430 | +€241,134 | +312% |
| Income taxes | 67/77 | €14,863 | €76,610 | +€61,747 | +415% |
| Profit (loss) for the period | 9904 | €62,434 | €241,820 | +€179,386 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €62,434 | €241,820 | +€179,386 | +287% |
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 27 October 2026 via checked.be.