GABRIELS & CO: 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.
What changed
GABRIELS & CO
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30.4m
2024 · €31.3m-€972,357
Equity
€45.8m
2024 · €15.3m+€30.5m
Cash
€14.7m
2024 · €12.5m+€2.2m
Balance sheet total
€76.0m
2024 · €76.6m-€548,625
Largest movements
Assets
- Receivables within one year -€5.3m
down €5.3m (-18.2%), from €29.1m to €23.8m
of which Other amounts receivable: -€4.4m
- Cash +€2.2m
up €2.2m (+17.3%), from €12.5m to €14.7m
mainly Net result for the year (+€30.4m) and Receivables within one year (+€5.3m)
- Tangible fixed assets +€1.8m
up €1.8m (+8.0%), from €22.6m to €24.4m
of which Plant, machinery and equipment: +€917,730
- Financial fixed assets +€1.1m
up €1.1m (+81.0%), from €1.4m to €2.5m
of which Affiliated companies: +€1.1m
Equity and liabilities
- Profit (loss) carried forward +€30.4m
new in 2025: €30.4m
- Other debts -€30.2m
down €30.2m (-99.8%), from €30.3m to €66,961
- Trade debts -€1.2m
down €1.2m (-4.1%), from €29.5m to €28.3m
Income statement
- Goods and materials -€15.0m
down €15.0m (-1.9%), from €768.6m to €753.6m
of which Purchases: -€14.9m
- Turnover -€10.4m
down €10.4m (-1.2%), from €834.0m to €823.6m
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.
Result 2024
€31.3m
Turnover
-€10.4m
Other operating income
+€75,359
Goods and materials
+€15.0m
Services and other goods
-€2.0m
Depreciation
-€353,350
Other operating charges
-€412,065
Other operating items
-€3.1m
Financial income
-€56,255
Financial charges
-€57,175
Taxes
+€409,933
Deferred taxes and other
+€16,889
Result 2025
€30.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€9.3m
Investment
-€7.4m
Financing
+€270,794
Cash 2024
€12.5m
From operations (derived)
+€9.3m
Net result for the year
+€30.4m
Depreciation
+€4.6m
Stocks and contracts
+€163,586
Receivables within one year
+€5.3m
Smaller working-capital items
+€78,471
Trade debts
-€1.2m
Other debts
-€30.2m
Accrued charges and deferred income
+€205,964
Investment (derived)
-€7.4m
Investment in fixed assets (net)
-€7.4m
Financing
+€270,794
Debts after one year
+€139,730
Contributions, distributions and other
+€131,064
Cash 2025
€14.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,590,848 | €76,042,224 | -€548,625 | -0.7% |
| Fixed assets | 21/28 | €24,669,490 | €27,459,102 | +€2.8m | +11.3% |
| Intangible fixed assets | 21 | €656,253 | €525,051 | -€131,201 | -20.0% |
| Tangible fixed assets | 22/27 | €22,628,914 | €24,428,552 | +€1.8m | +8.0% |
| Land and buildings | 22 | €12,608,634 | €13,497,285 | +€888,651 | +7.0% |
| Plant, machinery and equipment | 23 | €9,986,168 | €10,903,898 | +€917,730 | +9.2% |
| Furniture and vehicles | 24 | €34,112 | €27,369 | -€6,743 | -19.8% |
| Financial fixed assets | 28 | €1,384,324 | €2,505,498 | +€1.1m | +81.0% |
| Affiliated companies | 280/1 | €1,289,536 | €2,419,450 | +€1.1m | +87.6% |
| Participating interests | 280 | €1,289,536 | €2,419,450 | +€1.1m | +87.6% |
| Other financial fixed assets | 284/8 | €94,788 | €86,048 | -€8,740 | -9.2% |
| Amounts receivable and cash guarantees | 285/8 | €94,788 | €86,048 | -€8,740 | -9.2% |
| Current assets | 29/58 | €51,921,358 | €48,583,122 | -€3.3m | -6.4% |
| Stocks and contracts in progress | 3 | €9,670,033 | €9,506,447 | -€163,586 | -1.7% |
| Stocks | 30/36 | €9,670,033 | €9,506,447 | -€163,586 | -1.7% |
| Goods purchased for resale | 34 | €9,670,033 | €9,506,447 | -€163,586 | -1.7% |
| Amounts receivable within one year | 40/41 | €29,119,966 | €23,810,981 | -€5.3m | -18.2% |
| Trade receivables | 40 | €22,847,514 | €21,899,490 | -€948,024 | -4.1% |
| Other amounts receivable | 41 | €6,272,452 | €1,911,491 | -€4.4m | -69.5% |
| Cash at bank and in hand | 54/58 | €12,532,421 | €14,704,380 | +€2.2m | +17.3% |
| Deferred charges and accrued income | 490/1 | €598,938 | €561,315 | -€37,623 | -6.3% |
| Total equity and liabilities | 10/49 | €76,590,848 | €76,042,224 | -€548,625 | -0.7% |
| Equity | 10/15 | €15,334,813 | €45,832,082 | +€30.5m | +199% |
| Contributions | 10/11 | €1,367,103 | €1,367,103 | = | 0.0% |
| Capital | 10 | €1,367,103 | €1,367,103 | = | 0.0% |
| Issued capital | 100 | €1,367,103 | €1,367,103 | = | 0.0% |
| Reserves | 13 | €13,763,708 | €13,763,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €142,105 | €142,105 | = | 0.0% |
| Legal reserve | 130 | €136,710 | €136,710 | = | 0.0% |
| Other | 1319 | €5,395 | €5,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,684,000 | - | -€1.7m | |
| Distributable reserves | 133 | €11,937,602 | €13,621,602 | +€1.7m | +14.1% |
| Profit (loss) carried forward | 14 | - | €30,366,205 | +€30.4m | |
| Investment grants | 15 | €204,002 | €335,066 | +€131,064 | +64.2% |
| Provisions and deferred taxes | 16 | €68,001 | €111,689 | +€43,688 | +64.2% |
| Deferred taxes | 168 | €68,001 | €111,689 | +€43,688 | +64.2% |
| Amounts payable | 17/49 | €61,188,034 | €30,098,453 | -€31.1m | -50.8% |
| Amounts payable after more than one year | 17 | €700,429 | €840,159 | +€139,730 | +19.9% |
| Other amounts payable | 178/9 | €700,429 | €840,159 | +€139,730 | +19.9% |
| Amounts payable within one year | 42/48 | €60,403,096 | €28,967,820 | -€31.4m | -52.0% |
| Trade debts | 44 | €29,512,808 | €28,303,544 | -€1.2m | -4.1% |
| Suppliers | 440/4 | €29,512,808 | €28,303,544 | -€1.2m | -4.1% |
| Taxes, remuneration and social security | 45 | €600,154 | €597,315 | -€2,840 | -0.5% |
| Taxes | 450/3 | €600,154 | €597,315 | -€2,840 | -0.5% |
| Other amounts payable | 47/48 | €30,290,133 | €66,961 | -€30.2m | -99.8% |
| Accrued charges and deferred income | 492/3 | €84,510 | €290,474 | +€205,964 | +244% |
| Operating income | 70/76A | €838,446,235 | €824,937,064 | -€13.5m | -1.6% |
| Turnover | 70 | €834,014,570 | €823,623,980 | -€10.4m | -1.2% |
| Other operating income | 74 | €1,059,438 | €1,134,797 | +€75,359 | +7.1% |
| Non-recurring operating income | 76A | €3,372,227 | €178,288 | -€3.2m | -94.7% |
| Operating charges | 60/66A | €796,545,792 | €784,322,371 | -€12.2m | -1.5% |
| Goods for resale, raw materials and consumables | 60 | €768,561,795 | €753,609,614 | -€15.0m | -1.9% |
| Purchases | 600/8 | €768,335,476 | €753,446,027 | -€14.9m | -1.9% |
| Change in stocks: decrease (increase) | 609 | €226,319 | €163,586 | -€62,732 | -27.7% |
| Services and other goods | 61 | €23,213,462 | €25,240,595 | +€2.0m | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,267,255 | €4,620,605 | +€353,350 | +8.3% |
| Other operating charges | 640/8 | €350,533 | €762,598 | +€412,065 | +118% |
| Non-recurring operating charges | 66A | €152,748 | €88,960 | -€63,788 | -41.8% |
| Operating profit (loss) | 9901 | €41,900,443 | €40,614,693 | -€1.3m | -3.1% |
| Financial income | 75/76B | €575,314 | €519,060 | -€56,255 | -9.8% |
| Recurring financial income | 75 | €575,314 | €519,060 | -€56,255 | -9.8% |
| Income from current assets | 751 | €539,699 | €425,064 | -€114,635 | -21.2% |
| Other financial income | 752/9 | €35,615 | €93,995 | +€58,380 | +164% |
| Financial charges | 65/66B | €981,830 | €1,039,005 | +€57,175 | +5.8% |
| Recurring financial charges | 65 | €981,830 | €1,039,005 | +€57,175 | +5.8% |
| Debt charges | 650 | €1,649 | €2,106 | +€457 | +27.7% |
| Other financial charges | 652/9 | €980,181 | €1,036,899 | +€56,718 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €41,493,927 | €40,094,748 | -€1.4m | -3.4% |
| Transfer from deferred taxes | 780 | €11,423 | €28,312 | +€16,889 | +148% |
| Income taxes | 67/77 | €10,166,788 | €9,756,855 | -€409,933 | -4.0% |
| Taxes | 670/3 | €10,166,788 | €9,756,855 | -€409,933 | -4.0% |
| Profit (loss) for the period | 9904 | €31,338,562 | €30,366,205 | -€972,357 | -3.1% |
| Transfer from tax-exempt reserves | 789 | - | €1,684,000 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €31,338,562 | €32,050,205 | +€711,643 | +2.3% |
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 31 October 2026 via checked.be.