GABRIEL GG: 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 GG
Largest movements
- Receivables after one year -€17,773
down €17,773 (-68.2%), from €26,056 to €8,282
- Tangible fixed assets +€12,685
up €12,685 (+13.1%), from €96,842 to €109,526
of which Plant, machinery and equipment: +€25,660
- Cash +€3,854
up €3,854 (+6.3%), from €60,933 to €64,788
mainly Current portion of long-term debt (+€30,577) and Depreciation (+€23,624)
- Intangible fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Debts after one year -€72,116
down €72,116 (-50.7%), from €142,337 to €70,221
of which Financial debts: -€72,116
- Current portion of long-term debt +€30,577
new in 2025: €30,577
- Profit (loss) carried forward +€21,903
up €21,903, from -€12,616 to €9,288
- Trade debts +€7,865
up €7,865 (+34.8%), from €22,623 to €30,488
- Tax, wage and social debts +€5,941
up €5,941 (+65.2%), from €9,106 to €15,047
of which Remuneration and social security: +€6,444
- Gross operating margin -€16,892
down €16,892 (-16.1%), from €104,696 to €87,804
- Depreciation +€4,328
up €4,328 (+22.4%), from €19,295 to €23,624
- Staff costs +€2,134
up €2,134 (+5.8%), from €36,580 to €38,713
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 | €205,312 | €201,240 | -€4,071 | -2.0% |
| Fixed assets | 21/28 | €100,399 | €110,084 | +€9,685 | +9.6% |
| Intangible fixed assets | 21 | €3,000 | - | -€3,000 | |
| Tangible fixed assets | 22/27 | €96,842 | €109,526 | +€12,685 | +13.1% |
| Plant, machinery and equipment | 23 | €28,357 | €54,017 | +€25,660 | +90.5% |
| Furniture and vehicles | 24 | €11,105 | €11,132 | +€27 | +0.2% |
| Other tangible fixed assets | 26 | €57,380 | €44,377 | -€13,003 | -22.7% |
| Financial fixed assets | 28 | €557 | €557 | = | 0.0% |
| Current assets | 29/58 | €104,913 | €91,157 | -€13,756 | -13.1% |
| Amounts receivable after more than one year | 29 | €26,056 | €8,282 | -€17,773 | -68.2% |
| Other amounts receivable | 291 | €26,056 | €8,282 | -€17,773 | -68.2% |
| Stocks and contracts in progress | 3 | €12,822 | €13,669 | +€847 | +6.6% |
| Stocks | 30/36 | €12,822 | €13,669 | +€847 | +6.6% |
| Amounts receivable within one year | 40/41 | €3,001 | €2,317 | -€684 | -22.8% |
| Trade receivables | 40 | €2,983 | €1,511 | -€1,473 | -49.4% |
| Other amounts receivable | 41 | €18 | €806 | +€788 | +4,452% |
| Cash at bank and in hand | 54/58 | €60,933 | €64,788 | +€3,854 | +6.3% |
| Deferred charges and accrued income | 490/1 | €2,101 | €2,101 | = | 0.0% |
| Total equity and liabilities | 10/49 | €205,312 | €201,240 | -€4,071 | -2.0% |
| Equity | 10/15 | €26,304 | €48,208 | +€21,903 | +83.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,920 | €13,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,420 | €11,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,616 | €9,288 | +€21,903 | |
| Provisions and deferred taxes | 16 | €3,289 | €3,289 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,289 | €3,289 | = | 0.0% |
| Major repairs and maintenance | 162 | €3,289 | €3,289 | = | 0.0% |
| Amounts payable | 17/49 | €175,719 | €149,744 | -€25,975 | -14.8% |
| Amounts payable after more than one year | 17 | €142,337 | €70,221 | -€72,116 | -50.7% |
| Financial debts | 170/4 | €142,302 | €70,187 | -€72,116 | -50.7% |
| Other amounts payable | 178/9 | €34 | €34 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,199 | €76,583 | +€44,383 | +138% |
| Current portion of amounts payable after more than one year | 42 | - | €30,577 | +€30,577 | |
| Trade debts | 44 | €22,623 | €30,488 | +€7,865 | +34.8% |
| Suppliers | 440/4 | €22,623 | €30,488 | +€7,865 | +34.8% |
| Taxes, remuneration and social security | 45 | €9,106 | €15,047 | +€5,941 | +65.2% |
| Taxes | 450/3 | €2,520 | €2,018 | -€502 | -19.9% |
| Remuneration and social security | 454/9 | €6,586 | €13,030 | +€6,444 | +97.8% |
| Other amounts payable | 47/48 | €470 | €470 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,183 | €2,940 | +€1,758 | +149% |
| Remuneration, social security and pensions | 62 | €36,580 | €38,713 | +€2,134 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,295 | €23,624 | +€4,328 | +22.4% |
| Other operating charges | 640/8 | €2,200 | €2,046 | -€154 | -7.0% |
| Gross operating margin | 9900 | €104,696 | €87,804 | -€16,892 | -16.1% |
| Operating profit (loss) | 9901 | €46,621 | €23,421 | -€23,201 | -49.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,271 | €1,517 | +€246 | +19.3% |
| Recurring financial charges | 65 | €1,271 | €1,517 | +€246 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €45,350 | €21,903 | -€23,446 | -51.7% |
| Profit (loss) for the period | 9904 | €45,350 | €21,903 | -€23,446 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,350 | €21,903 | -€23,446 | -51.7% |
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 30 October 2026 via checked.be.