Gabriel: 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.
Gabriel
Largest movements
- Receivables within one year -€13,448
down €13,448 (-15.3%), from €87,986 to €74,538
of which Trade receivables: -€10,389
- Tangible fixed assets -€7,371
down €7,371 (-6.6%), from €112,505 to €105,134
of which Furniture and vehicles: -€7,371
- Reserves -€11,753
down €11,753 (-2.9%), from €412,274 to €400,520
of which Distributable reserves: -€11,753
- Gross operating margin +€18,742
up €18,742 (+59.8%), from -€31,364 to -€12,621
- Provisions +€12,000
no longer reported in 2025 (was -€12,000)
- Financial income +€6,030
up €6,030 (+129%), from €4,674 to €10,704
- Depreciation +€2,457
up €2,457 (+50.0%), from €4,914 to €7,371
- Other operating charges -€1,408
down €1,408 (-40.3%), from €3,496 to €2,088
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 | €670,225 | €654,854 | -€15,371 | -2.3% |
| Fixed assets | 21/28 | €132,864 | €125,493 | -€7,371 | -5.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €112,505 | €105,134 | -€7,371 | -6.6% |
| Land and buildings | 22 | €80,565 | €80,565 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €31,939 | €24,569 | -€7,371 | -23.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €20,359 | €20,359 | = | 0.0% |
| Current assets | 29/58 | €537,362 | €529,361 | -€8,001 | -1.5% |
| Stocks and contracts in progress | 3 | €111,037 | €112,449 | +€1,411 | +1.3% |
| Stocks | 30/36 | €111,037 | €112,449 | +€1,411 | +1.3% |
| Amounts receivable within one year | 40/41 | €87,986 | €74,538 | -€13,448 | -15.3% |
| Trade receivables | 40 | €73,026 | €62,637 | -€10,389 | -14.2% |
| Other amounts receivable | 41 | €14,961 | €11,901 | -€3,059 | -20.4% |
| Cash at bank and in hand | 54/58 | €338,338 | €342,017 | +€3,679 | +1.1% |
| Deferred charges and accrued income | 490/1 | - | €357 | +€357 | |
| Total equity and liabilities | 10/49 | €670,225 | €654,854 | -€15,371 | -2.3% |
| Equity | 10/15 | €662,274 | €650,520 | -€11,753 | -1.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €412,274 | €400,520 | -€11,753 | -2.9% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,924 | €8,924 | = | 0.0% |
| Distributable reserves | 133 | €378,350 | €366,596 | -€11,753 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €7,952 | €4,334 | -€3,618 | -45.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,952 | €4,334 | -€3,618 | -45.5% |
| Trade debts | 44 | €6,935 | €3,381 | -€3,554 | -51.2% |
| Suppliers | 440/4 | €6,935 | €3,381 | -€3,554 | -51.2% |
| Taxes, remuneration and social security | 45 | €1,016 | €952 | -€64 | -6.3% |
| Taxes | 450/3 | €1,016 | €952 | -€64 | -6.3% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,914 | €7,371 | +€2,457 | +50.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,000 | - | +€12,000 | |
| Other operating charges | 640/8 | €3,496 | €2,088 | -€1,408 | -40.3% |
| Gross operating margin | 9900 | -€31,364 | -€12,621 | +€18,742 | +59.8% |
| Operating profit (loss) | 9901 | -€27,773 | -€22,080 | +€5,693 | +20.5% |
| Financial income | 75/76B | €4,674 | €10,704 | +€6,030 | +129% |
| Recurring financial income | 75 | €4,674 | €10,704 | +€6,030 | +129% |
| Financial charges | 65/66B | €166 | -€34 | -€200 | |
| Recurring financial charges | 65 | €166 | -€34 | -€200 | |
| Profit (loss) for the period before taxes | 9903 | -€23,265 | -€11,342 | +€11,924 | +51.3% |
| Income taxes | 67/77 | €363 | €412 | +€49 | +13.5% |
| Profit (loss) for the period | 9904 | -€23,628 | -€11,753 | +€11,875 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,628 | -€11,753 | +€11,875 | +50.3% |
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 14 October 2026 via checked.be.