GABRIELLI: 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.
GABRIELLI
Largest movements
- Cash +€10,101
up €10,101 (+28.9%), from €34,913 to €45,014
mainly Depreciation (+€10,060) and Net result for the year (+€3,969)
- Tangible fixed assets -€10,060
down €10,060 (-5.3%), from €189,524 to €179,465
- Stocks and contracts +€3,974
up €3,974 (+5.4%), from €74,206 to €78,180
- Profit (loss) carried forward +€3,969
up €3,969 (+3.1%), from -€126,745 to -€122,775
- Gross operating margin +€10,847
up €10,847 (+19.3%), from €56,308 to €67,155
- Other operating charges +€8,120
up €8,120 (+621.8%), from €1,306 to €9,426
- Staff costs +€2,158
up €2,158 (+5.5%), from €39,256 to €41,414
- Write-downs -€1,129
down €1,129 (-39.1%), from €2,892 to €1,762
- Depreciation -€961
down €961 (-8.7%), from €11,020 to €10,060
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.
Cash bridge derived
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 | €307,646 | €310,244 | +€2,598 | +0.8% |
| Fixed assets | 21/28 | €189,710 | €179,651 | -€10,060 | -5.3% |
| Tangible fixed assets | 22/27 | €189,524 | €179,465 | -€10,060 | -5.3% |
| Land and buildings | 22 | €172,754 | €167,804 | -€4,949 | -2.9% |
| Plant, machinery and equipment | 23 | €13,142 | €11,660 | -€1,481 | -11.3% |
| Furniture and vehicles | 24 | €3,629 | €0 | -€3,629 | -100.0% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €117,935 | €130,593 | +€12,658 | +10.7% |
| Stocks and contracts in progress | 3 | €74,206 | €78,180 | +€3,974 | +5.4% |
| Stocks | 30/36 | €74,206 | €78,180 | +€3,974 | +5.4% |
| Amounts receivable within one year | 40/41 | €7,768 | €6,218 | -€1,550 | -20.0% |
| Trade receivables | 40 | €5,643 | €4,093 | -€1,550 | -27.5% |
| Other amounts receivable | 41 | €2,125 | €2,125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,913 | €45,014 | +€10,101 | +28.9% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,181 | +€132 | +12.6% |
| Total equity and liabilities | 10/49 | €307,646 | €310,244 | +€2,598 | +0.8% |
| Equity | 10/15 | €65,071 | €69,041 | +€3,969 | +6.1% |
| Contributions | 10/11 | €168,568 | €168,568 | = | 0.0% |
| Capital | 10 | €168,568 | €168,568 | = | 0.0% |
| Issued capital | 100 | €168,568 | €168,568 | = | 0.0% |
| Reserves | 13 | €23,249 | €23,249 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €8,995 | €8,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,745 | -€122,775 | +€3,969 | +3.1% |
| Amounts payable | 17/49 | €242,574 | €241,203 | -€1,371 | -0.6% |
| Amounts payable after more than one year | 17 | €147,589 | €147,589 | = | 0.0% |
| Other amounts payable | 178/9 | €147,589 | €147,589 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,985 | €93,614 | -€1,371 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €74,120 | €71,546 | -€2,575 | -3.5% |
| Trade debts | 44 | €5,120 | €4,491 | -€629 | -12.3% |
| Suppliers | 440/4 | €5,120 | €4,491 | -€629 | -12.3% |
| Taxes, remuneration and social security | 45 | €10,695 | €12,528 | +€1,833 | +17.1% |
| Taxes | 450/3 | €2,326 | €2,827 | +€501 | +21.5% |
| Remuneration and social security | 454/9 | €8,369 | €9,701 | +€1,332 | +15.9% |
| Other amounts payable | 47/48 | €5,050 | €5,050 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,256 | €41,414 | +€2,158 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,020 | €10,060 | -€961 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,892 | €1,762 | -€1,129 | -39.1% |
| Other operating charges | 640/8 | €1,306 | €9,426 | +€8,120 | +621.8% |
| Gross operating margin | 9900 | €56,308 | €67,155 | +€10,847 | +19.3% |
| Operating profit (loss) | 9901 | €1,833 | €4,492 | +€2,659 | +145.0% |
| Financial income | 75/76B | €12 | €10 | -€1 | -9.1% |
| Recurring financial income | 75 | €12 | €10 | -€1 | -9.1% |
| Financial charges | 65/66B | €484 | €533 | +€50 | +10.3% |
| Recurring financial charges | 65 | €484 | €533 | +€50 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €1,361 | €3,969 | +€2,608 | +191.6% |
| Income taxes | 67/77 | €23 | - | -€23 | |
| Profit (loss) for the period | 9904 | €1,338 | €3,969 | +€2,631 | +196.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,338 | €3,969 | +€2,631 | +196.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.