GABRENO: what changed
Two fiscal 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.
GABRENO
Largest movements
- Current investments +€34,976
up €34,976 (+348.7%), from €10,029 to €45,005
- Cash +€14,726
up €14,726 (+125.5%), from €11,734 to €26,460
mainly Net result for the year (+€156,544) and Other debts (+€59,335)
- Receivables within one year -€12,226
down €12,226 (-2.8%), from €440,272 to €428,047
of which Other amounts receivable: -€34,126
- Tangible fixed assets -€9,907
down €9,907 (-2.9%), from €342,078 to €332,171
of which Furniture and vehicles: -€6,148
- Other debts +€59,335
up €59,335 (+62.5%), from €94,966 to €154,301
- Debts after one year -€15,118
down €15,118 (-10.9%), from €138,505 to €123,387
- Trade debts -€10,622
down €10,622 (-80.3%), from €13,235 to €2,613
- Reserves -€8,484
down €8,484 (-1.6%), from €518,752 to €510,268
- Gross operating margin -€41,471
down €41,471 (-13.2%), from €313,812 to €272,341
- Taxes -€11,418
down €11,418 (-12.5%), from €91,690 to €80,272
- Other operating charges -€6,261
down €6,261 (-65.7%), from €9,529 to €3,269
- Financial income +€3,970
up €3,970 (+30.5%), from €13,007 to €16,977
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €817,785 | €843,352 | +€25,568 | +3.1% |
| Fixed assets | 21/28 | €350,715 | €338,350 | -€12,365 | -3.5% |
| Intangible fixed assets | 21 | €4,916 | €2,458 | -€2,458 | -50.0% |
| Tangible fixed assets | 22/27 | €342,078 | €332,171 | -€9,907 | -2.9% |
| Land and buildings | 22 | €257,458 | €253,699 | -€3,759 | -1.5% |
| Furniture and vehicles | 24 | €84,620 | €78,472 | -€6,148 | -7.3% |
| Financial fixed assets | 28 | €3,720 | €3,720 | = | 0.0% |
| Current assets | 29/58 | €467,070 | €505,003 | +€37,933 | +8.1% |
| Amounts receivable within one year | 40/41 | €440,272 | €428,047 | -€12,226 | -2.8% |
| Trade receivables | 40 | €56,000 | €77,900 | +€21,900 | +39.1% |
| Other amounts receivable | 41 | €384,272 | €350,147 | -€34,126 | -8.9% |
| Current investments | 50/53 | €10,029 | €45,005 | +€34,976 | +348.7% |
| Cash at bank and in hand | 54/58 | €11,734 | €26,460 | +€14,726 | +125.5% |
| Deferred charges and accrued income | 490/1 | €5,034 | €5,491 | +€457 | +9.1% |
| Total equity and liabilities | 10/49 | €817,785 | €843,352 | +€25,568 | +3.1% |
| Equity | 10/15 | €519,217 | €510,733 | -€8,484 | -1.6% |
| Contributions | 10/11 | €465 | €465 | = | 0.0% |
| Reserves | 13 | €518,752 | €510,268 | -€8,484 | -1.6% |
| Distributable reserves | 133 | €518,752 | €510,268 | -€8,484 | -1.6% |
| Amounts payable | 17/49 | €298,568 | €332,620 | +€34,052 | +11.4% |
| Amounts payable after more than one year | 17 | €138,505 | €123,387 | -€15,118 | -10.9% |
| Financial debts | 170/4 | €138,505 | €123,387 | -€15,118 | -10.9% |
| Amounts payable within one year | 42/48 | €160,063 | €209,233 | +€49,170 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €14,782 | €15,118 | +€336 | +2.3% |
| Trade debts | 44 | €13,235 | €2,613 | -€10,622 | -80.3% |
| Suppliers | 440/4 | €13,235 | €2,613 | -€10,622 | -80.3% |
| Taxes, remuneration and social security | 45 | €37,079 | €37,200 | +€121 | +0.3% |
| Taxes | 450/3 | €37,079 | €37,200 | +€121 | +0.3% |
| Other amounts payable | 47/48 | €94,966 | €154,301 | +€59,335 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,487 | €45,775 | +€288 | +0.6% |
| Other operating charges | 640/8 | €9,529 | €3,269 | -€6,261 | -65.7% |
| Gross operating margin | 9900 | €313,812 | €272,341 | -€41,471 | -13.2% |
| Operating profit (loss) | 9901 | €258,795 | €223,298 | -€35,497 | -13.7% |
| Financial income | 75/76B | €13,007 | €16,977 | +€3,970 | +30.5% |
| Recurring financial income | 75 | €13,007 | €16,977 | +€3,970 | +30.5% |
| Financial charges | 65/66B | €3,789 | €3,459 | -€331 | -8.7% |
| Recurring financial charges | 65 | €3,789 | €3,459 | -€331 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €268,012 | €236,816 | -€31,196 | -11.6% |
| Income taxes | 67/77 | €91,690 | €80,272 | -€11,418 | -12.5% |
| Profit (loss) for the period | 9904 | €176,323 | €156,544 | -€19,778 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €176,323 | €156,544 | -€19,778 | -11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.