GABRIEL-WILLEMS: what changed
GABRIEL-WILLEMS
Largest movements
- Receivables within one year +€32,314
up €32,314 (+272%), from €11,865 to €44,179
of which Trade receivables: +€33,450
- Cash -€2,876
down €2,876 (-6.9%), from €41,794 to €38,918
mainly Receivables within one year (-€32,314) and Tax, wage and social debts (-€2,706)
- Tangible fixed assets -€915
down €915 (-26.7%), from €3,430 to €2,515
- Reserves +€39,379
up €39,379 (+376%), from €10,465 to €49,844
- Profit (loss) carried forward -€14,854
no longer reported in 2025 (was €14,854)
- Trade debts +€7,343
up €7,343 (+98.2%), from €7,477 to €14,820
- Tax, wage and social debts -€2,706
no longer reported in 2025 (was €2,706)
of which Taxes: -€1,495
- Gross operating margin +€11,908
up €11,908 (+31.5%), from €37,753 to €49,661
- Staff costs -€5,870
down €5,870 (-20.4%), from €28,821 to €22,951
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,089 | €85,804 | +€28,716 | +50.3% |
| Fixed assets | 21/28 | €3,430 | €2,515 | -€915 | -26.7% |
| Tangible fixed assets | 22/27 | €3,430 | €2,515 | -€915 | -26.7% |
| Plant, machinery and equipment | 23 | €3,430 | €2,515 | -€915 | -26.7% |
| Current assets | 29/58 | €53,659 | €83,290 | +€29,631 | +55.2% |
| Amounts receivable within one year | 40/41 | €11,865 | €44,179 | +€32,314 | +272% |
| Trade receivables | 40 | €8,879 | €42,329 | +€33,450 | +377% |
| Other amounts receivable | 41 | €2,987 | €1,850 | -€1,136 | -38.0% |
| Cash at bank and in hand | 54/58 | €41,794 | €38,918 | -€2,876 | -6.9% |
| Deferred charges and accrued income | 490/1 | - | €193 | +€193 | |
| Total equity and liabilities | 10/49 | €57,089 | €85,804 | +€28,716 | +50.3% |
| Equity | 10/15 | €43,919 | €68,444 | +€24,526 | +55.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,465 | €49,844 | +€39,379 | +376% |
| Distributable reserves | 133 | €10,465 | €49,844 | +€39,379 | +376% |
| Profit (loss) carried forward | 14 | €14,854 | - | -€14,854 | |
| Amounts payable | 17/49 | €13,170 | €17,360 | +€4,190 | +31.8% |
| Amounts payable within one year | 42/48 | €13,170 | €17,360 | +€4,190 | +31.8% |
| Trade debts | 44 | €7,477 | €14,820 | +€7,343 | +98.2% |
| Suppliers | 440/4 | €7,477 | €14,820 | +€7,343 | +98.2% |
| Taxes, remuneration and social security | 45 | €2,706 | - | -€2,706 | |
| Taxes | 450/3 | €1,495 | - | -€1,495 | |
| Remuneration and social security | 454/9 | €1,211 | - | -€1,211 | |
| Other amounts payable | 47/48 | €2,987 | €2,540 | -€447 | -15.0% |
| Remuneration, social security and pensions | 62 | €28,821 | €22,951 | -€5,870 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €915 | -€0 | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €37,753 | €49,661 | +€11,908 | +31.5% |
| Operating profit (loss) | 9901 | €7,488 | €25,251 | +€17,762 | +237% |
| Financial income | 75/76B | €203 | €6 | -€197 | -96.9% |
| Recurring financial income | 75 | €203 | €6 | -€197 | -96.9% |
| Financial charges | 65/66B | €765 | €731 | -€34 | -4.5% |
| Recurring financial charges | 65 | €765 | €731 | -€34 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €6,926 | €24,526 | +€17,599 | +254% |
| Profit (loss) for the period | 9904 | €6,926 | €24,526 | +€17,599 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €6,926 | €24,526 | +€17,599 | +254% |
Next steps
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 4 November 2026 via checked.be.