G.C. WHEEL'S: what changed
What changed
G.C. WHEEL'S
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€62,530
2024 · €51,326+€11,203
Equity
€137,957
2024 · €75,427+€62,530
Cash
€150,561
2024 · €119,344+€31,217
Balance sheet total
€266,475
2024 · €172,384+€94,092
Largest movements
Assets
- Receivables within one year +€35,462
up €35,462 (+429%), from €8,274 to €43,737
of which Other amounts receivable: +€38,080
- Cash +€31,217
up €31,217 (+26.2%), from €119,344 to €150,561
mainly Net result for the year (+€62,530) and Depreciation (+€21,856)
- Tangible fixed assets +€26,031
up €26,031 (+91.2%), from €28,544 to €54,574
of which Furniture and vehicles: +€16,012
Equity and liabilities
- Reserves +€62,530
up €62,530 (+110%), from €56,827 to €119,357
- Tax, wage and social debts +€18,665
up €18,665 (+24.6%), from €75,758 to €94,423
of which Taxes: +€14,491
- Debts after one year +€15,000
new in 2025: €15,000
- Other debts -€3,787
down €3,787 (-100%), from €3,787 to €0
Income statement
- Gross operating margin +€36,160
up €36,160 (+6.6%), from €550,114 to €586,274
- Staff costs +€22,333
up €22,333 (+5.0%), from €443,615 to €465,948
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.
Result 2024
€51,326
Gross operating margin
+€36,160
Staff costs
-€22,333
Depreciation
-€1,410
Other operating charges
+€2,138
Financial income
+€440
Financial charges
+€470
Taxes
-€4,261
Result 2025
€62,530
raises the resultlowers the result
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.
From operations
+€63,508
Investment
-€47,291
Financing
+€15,000
Cash 2024
€119,344
From operations (derived)
+€63,508
Net result for the year
+€62,530
Depreciation
+€21,856
Stocks and contracts
-€597
Receivables within one year
-€35,462
Deferred charges and accrued income
-€1,381
Trade debts
+€1,684
Tax, wage and social debts
+€18,665
Other debts
-€3,787
Investment (derived)
-€47,291
Investment in fixed assets (net)
-€47,291
Financing
+€15,000
Debts after one year
+€15,000
Cash 2025
€150,561
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,384 | €266,475 | +€94,092 | +54.6% |
| Fixed assets | 21/28 | €31,221 | €56,656 | +€25,435 | +81.5% |
| Intangible fixed assets | 21 | €595 | €0 | -€595 | -100% |
| Tangible fixed assets | 22/27 | €28,544 | €54,574 | +€26,031 | +91.2% |
| Plant, machinery and equipment | 23 | €13,049 | €23,068 | +€10,018 | +76.8% |
| Furniture and vehicles | 24 | €15,494 | €31,507 | +€16,012 | +103% |
| Financial fixed assets | 28 | €2,082 | €2,082 | = | 0.0% |
| Current assets | 29/58 | €141,163 | €209,819 | +€68,656 | +48.6% |
| Stocks and contracts in progress | 3 | €8,269 | €8,866 | +€597 | +7.2% |
| Stocks | 30/36 | €8,269 | €8,866 | +€597 | +7.2% |
| Amounts receivable within one year | 40/41 | €8,274 | €43,737 | +€35,462 | +429% |
| Trade receivables | 40 | €6,947 | €4,330 | -€2,617 | -37.7% |
| Other amounts receivable | 41 | €1,327 | €39,407 | +€38,080 | +2,869% |
| Cash at bank and in hand | 54/58 | €119,344 | €150,561 | +€31,217 | +26.2% |
| Deferred charges and accrued income | 490/1 | €5,276 | €6,656 | +€1,381 | +26.2% |
| Total equity and liabilities | 10/49 | €172,384 | €266,475 | +€94,092 | +54.6% |
| Equity | 10/15 | €75,427 | €137,957 | +€62,530 | +82.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,827 | €119,357 | +€62,530 | +110% |
| Distributable reserves | 133 | €56,827 | €119,357 | +€62,530 | +110% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €96,957 | €128,519 | +€31,562 | +32.6% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Trade debts | 175 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €96,957 | €113,519 | +€16,562 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €17,412 | €19,096 | +€1,684 | +9.7% |
| Suppliers | 440/4 | €17,412 | €19,096 | +€1,684 | +9.7% |
| Taxes, remuneration and social security | 45 | €75,758 | €94,423 | +€18,665 | +24.6% |
| Taxes | 450/3 | €22,638 | €37,130 | +€14,491 | +64.0% |
| Remuneration and social security | 454/9 | €53,120 | €57,293 | +€4,174 | +7.9% |
| Other amounts payable | 47/48 | €3,787 | €0 | -€3,787 | -100% |
| Remuneration, social security and pensions | 62 | €443,615 | €465,948 | +€22,333 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,445 | €21,856 | +€1,410 | +6.9% |
| Other operating charges | 640/8 | €8,786 | €6,649 | -€2,138 | -24.3% |
| Gross operating margin | 9900 | €550,114 | €586,274 | +€36,160 | +6.6% |
| Operating profit (loss) | 9901 | €77,267 | €91,822 | +€14,554 | +18.8% |
| Financial income | 75/76B | €450 | €890 | +€440 | +97.8% |
| Recurring financial income | 75 | €450 | €890 | +€440 | +97.8% |
| Financial charges | 65/66B | €6,358 | €5,888 | -€470 | -7.4% |
| Recurring financial charges | 65 | €6,358 | €5,888 | -€470 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €71,359 | €86,824 | +€15,465 | +21.7% |
| Income taxes | 67/77 | €20,033 | €24,294 | +€4,261 | +21.3% |
| Profit (loss) for the period | 9904 | €51,326 | €62,530 | +€11,203 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,326 | €62,530 | +€11,203 | +21.8% |
Next steps
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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.