Ph. Goreux: 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.
Ph. Goreux
Largest movements
- Receivables within one year -€6,088
down €6,088 (-22.3%), from €27,308 to €21,220
of which Trade receivables: -€4,120
- Trade debts -€8,003
down €8,003 (-72.0%), from €11,112 to €3,109
- Gross operating margin -€3,924
down €3,924 (-55.5%), from €7,068 to €3,144
- Taxes -€1,674
down €1,674, from €1,526 to -€148
- Other operating charges -€797
down €797 (-66.6%), from €1,197 to €400
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 | €436,378 | €430,248 | -€6,130 | -1.4% |
| Fixed assets | 21/28 | €408,907 | €408,907 | = | 0.0% |
| Financial fixed assets | 28 | €408,907 | €408,907 | = | 0.0% |
| Current assets | 29/58 | €27,471 | €21,341 | -€6,130 | -22.3% |
| Amounts receivable within one year | 40/41 | €27,308 | €21,220 | -€6,088 | -22.3% |
| Trade receivables | 40 | €23,130 | €19,010 | -€4,120 | -17.8% |
| Other amounts receivable | 41 | €4,178 | €2,210 | -€1,968 | -47.1% |
| Cash at bank and in hand | 54/58 | €163 | €121 | -€42 | -25.8% |
| Total equity and liabilities | 10/49 | €436,378 | €430,248 | -€6,130 | -1.4% |
| Equity | 10/15 | €392,878 | €395,313 | +€2,435 | +0.6% |
| Contributions | 10/11 | €41,000 | €41,000 | = | 0.0% |
| Reserves | 13 | €304,100 | €304,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,100 | €4,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,100 | €4,100 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,778 | €50,213 | +€2,435 | +5.1% |
| Amounts payable | 17/49 | €43,500 | €34,935 | -€8,565 | -19.7% |
| Amounts payable within one year | 42/48 | €43,500 | €34,935 | -€8,565 | -19.7% |
| Trade debts | 44 | €11,112 | €3,109 | -€8,003 | -72.0% |
| Suppliers | 440/4 | €11,112 | €3,109 | -€8,003 | -72.0% |
| Taxes, remuneration and social security | 45 | €6,643 | €3,637 | -€3,006 | -45.3% |
| Taxes | 450/3 | €1,800 | €1,215 | -€585 | -32.5% |
| Remuneration and social security | 454/9 | €4,843 | €2,422 | -€2,421 | -50.0% |
| Other amounts payable | 47/48 | €25,745 | €28,189 | +€2,444 | +9.5% |
| Other operating charges | 640/8 | €1,197 | €400 | -€797 | -66.6% |
| Gross operating margin | 9900 | €7,068 | €3,144 | -€3,924 | -55.5% |
| Operating profit (loss) | 9901 | €5,871 | €2,744 | -€3,127 | -53.3% |
| Financial charges | 65/66B | €503 | €457 | -€46 | -9.1% |
| Recurring financial charges | 65 | €503 | €457 | -€46 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €5,368 | €2,287 | -€3,081 | -57.4% |
| Income taxes | 67/77 | €1,526 | -€148 | -€1,674 | |
| Profit (loss) for the period | 9904 | €3,842 | €2,435 | -€1,407 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,842 | €2,435 | -€1,407 | -36.6% |
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 15 October 2026 via checked.be.