KOENRAAD GORIS: 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.
KOENRAAD GORIS
Largest movements
- Current investments +€104,600
new in 2025: €104,600
- Cash -€64,484
down €64,484 (-55.5%), from €116,206 to €51,723
mainly Current investments (-€104,600) and Investment in fixed assets (net) (-€60,247)
- Receivables within one year +€44,644
up €44,644 (+24.0%), from €186,326 to €230,970
of which Other amounts receivable: +€29,122
- Tangible fixed assets +€42,960
up €42,960 (+35.9%), from €119,592 to €162,552
of which Furniture and vehicles: +€56,822
- Receivables after one year -€31,000
down €31,000 (-100%), from €31,000 to €0
of which Other amounts receivable: -€31,000
- Reserves +€121,185
up €121,185 (+47.5%), from €255,048 to €376,232
of which Distributable reserves: +€121,185
- Trade debts +€68,334
up €68,334 (+10,664%), from €641 to €68,975
- Tax, wage and social debts -€43,911
down €43,911 (-66.2%), from €66,366 to €22,455
- Other debts -€36,088
down €36,088 (-100%), from €36,088 to €0
- Debts after one year -€13,044
down €13,044 (-22.8%), from €57,183 to €44,139
- Taxes -€12,128
down €12,128 (-19.8%), from €61,362 to €49,234
- Other operating charges +€6,781
up €6,781 (+1,199%), from €566 to €7,347
- Gross operating margin -€6,167
down €6,167 (-3.1%), from €197,707 to €191,540
- Financial income +€2,038
up €2,038 (+47.8%), from €4,266 to €6,304
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 | €453,125 | €549,845 | +€96,720 | +21.3% |
| Fixed assets | 21/28 | €119,592 | €162,552 | +€42,960 | +35.9% |
| Tangible fixed assets | 22/27 | €119,592 | €162,552 | +€42,960 | +35.9% |
| Land and buildings | 22 | €114,518 | €99,638 | -€14,879 | -13.0% |
| Plant, machinery and equipment | 23 | €141 | €1,159 | +€1,018 | +720% |
| Furniture and vehicles | 24 | €4,934 | €61,755 | +€56,822 | +1,152% |
| Current assets | 29/58 | €333,533 | €387,293 | +€53,760 | +16.1% |
| Amounts receivable after more than one year | 29 | €31,000 | €0 | -€31,000 | -100% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €31,000 | €0 | -€31,000 | -100% |
| Amounts receivable within one year | 40/41 | €186,326 | €230,970 | +€44,644 | +24.0% |
| Trade receivables | 40 | €102,544 | €118,065 | +€15,522 | +15.1% |
| Other amounts receivable | 41 | €83,783 | €112,905 | +€29,122 | +34.8% |
| Current investments | 50/53 | - | €104,600 | +€104,600 | |
| Cash at bank and in hand | 54/58 | €116,206 | €51,723 | -€64,484 | -55.5% |
| Total equity and liabilities | 10/49 | €453,125 | €549,845 | +€96,720 | +21.3% |
| Equity | 10/15 | €280,048 | €401,232 | +€121,185 | +43.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €255,048 | €376,232 | +€121,185 | +47.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €252,548 | €373,732 | +€121,185 | +48.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €173,077 | €148,613 | -€24,465 | -14.1% |
| Amounts payable after more than one year | 17 | €57,183 | €44,139 | -€13,044 | -22.8% |
| Financial debts | 170/4 | €57,183 | €44,139 | -€13,044 | -22.8% |
| Amounts payable within one year | 42/48 | €115,894 | €104,473 | -€11,421 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €12,799 | €13,044 | +€245 | +1.9% |
| Trade debts | 44 | €641 | €68,975 | +€68,334 | +10,664% |
| Suppliers | 440/4 | €641 | €68,975 | +€68,334 | +10,664% |
| Taxes, remuneration and social security | 45 | €66,366 | €22,455 | -€43,911 | -66.2% |
| Taxes | 450/3 | €66,366 | €22,455 | -€43,911 | -66.2% |
| Other amounts payable | 47/48 | €36,088 | €0 | -€36,088 | -100% |
| Non-recurring operating income | 76A | - | €12,500 | +€12,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,064 | €17,287 | +€1,223 | +7.6% |
| Other operating charges | 640/8 | €566 | €7,347 | +€6,781 | +1,199% |
| Gross operating margin | 9900 | €197,707 | €191,540 | -€6,167 | -3.1% |
| Operating profit (loss) | 9901 | €181,078 | €166,906 | -€14,171 | -7.8% |
| Financial income | 75/76B | €4,266 | €6,304 | +€2,038 | +47.8% |
| Recurring financial income | 75 | €4,266 | €6,304 | +€2,038 | +47.8% |
| Financial charges | 65/66B | €2,251 | €2,791 | +€540 | +24.0% |
| Recurring financial charges | 65 | €2,251 | €2,791 | +€540 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €183,092 | €170,418 | -€12,674 | -6.9% |
| Income taxes | 67/77 | €61,362 | €49,234 | -€12,128 | -19.8% |
| Profit (loss) for the period | 9904 | €121,731 | €121,185 | -€546 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,731 | €121,185 | -€546 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.