GABRINI: 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
GABRINI
NACE 47.714, Retail trade
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€12,600
2025 · €50+€12,550
Equity
€115,197
2025 · €102,597+€12,600
Cash
€70,695
2025 · €19,014+€51,681
Balance sheet total
€651,404
2025 · €610,772+€40,632
Largest movements
Assets
- Cash +€51,681
up €51,681 (+272%), from €19,014 to €70,695
mainly Short-term financial debts (+€49,280) and Debts after one year (+€36,501)
- Receivables after one year -€10,000
down €10,000 (-12.9%), from €77,500 to €67,500
Equity and liabilities
- Short-term financial debts +€49,280
up €49,280 (+36.8%), from €133,824 to €183,104
- Trade debts -€45,740
down €45,740 (-19.0%), from €240,507 to €194,767
- Debts after one year +€36,501
up €36,501 (+86.7%), from €42,104 to €78,605
- Reserves +€12,600
up €12,600 (+37.5%), from €33,597 to €46,197
Income statement
- Gross operating margin +€15,208
up €15,208 (+8.4%), from €181,258 to €196,466
- Staff costs -€5,932
down €5,932 (-3.9%), from €151,036 to €145,104
- Taxes +€5,836
new in 2026: €5,836
- Depreciation +€2,258
up €2,258 (+12.8%), from €17,633 to €19,890
From the 2025 result to the 2026 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 2025
€50
Gross operating margin
+€15,208
Staff costs
+€5,932
Depreciation
-€2,258
Write-downs
-€717
Other operating charges
-€91
Financial income
-€943
Financial charges
+€1,255
Taxes
-€5,836
Result 2026
€12,600
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€12,992
Investment
-€14,833
Financing
+€79,506
Cash 2025
€19,014
From operations (derived)
-€12,992
Net result for the year
+€12,600
Depreciation
+€19,890
Receivables after one year
+€10,000
Stocks and contracts
-€2,364
Receivables within one year
-€346
Deferred charges and accrued income
-€1,298
Trade debts
-€45,740
Tax, wage and social debts
-€6,268
Other debts
+€473
Accrued charges and deferred income
+€60
Investment (derived)
-€14,833
Investment in fixed assets (net)
-€14,833
Financing
+€79,506
Debts after one year
+€36,501
Current portion of long-term debt
-€6,275
Short-term financial debts
+€49,280
Cash 2026
€70,695
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,772 | €651,404 | +€40,632 | +6.7% |
| Fixed assets | 21/28 | €49,599 | €44,541 | -€5,058 | -10.2% |
| Intangible fixed assets | 21 | €1,993 | €1,285 | -€709 | -35.6% |
| Tangible fixed assets | 22/27 | €47,605 | €43,256 | -€4,349 | -9.1% |
| Land and buildings | 22 | €42,818 | €33,615 | -€9,203 | -21.5% |
| Plant, machinery and equipment | 23 | €1,511 | €1,952 | +€442 | +29.2% |
| Furniture and vehicles | 24 | €3,276 | €7,689 | +€4,413 | +135% |
| Current assets | 29/58 | €561,173 | €606,863 | +€45,690 | +8.1% |
| Amounts receivable after more than one year | 29 | €77,500 | €67,500 | -€10,000 | -12.9% |
| Other amounts receivable | 291 | €77,500 | €67,500 | -€10,000 | -12.9% |
| Stocks and contracts in progress | 3 | €453,504 | €455,868 | +€2,364 | +0.5% |
| Stocks | 30/36 | €453,504 | €455,868 | +€2,364 | +0.5% |
| Amounts receivable within one year | 40/41 | €7,894 | €8,240 | +€346 | +4.4% |
| Trade receivables | 40 | €702 | - | -€702 | |
| Other amounts receivable | 41 | €7,192 | €8,240 | +€1,048 | +14.6% |
| Cash at bank and in hand | 54/58 | €19,014 | €70,695 | +€51,681 | +272% |
| Deferred charges and accrued income | 490/1 | €3,262 | €4,560 | +€1,298 | +39.8% |
| Total equity and liabilities | 10/49 | €610,772 | €651,404 | +€40,632 | +6.7% |
| Equity | 10/15 | €102,597 | €115,197 | +€12,600 | +12.3% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €33,597 | €46,197 | +€12,600 | +37.5% |
| Distributable reserves | 133 | €33,597 | €46,197 | +€12,600 | +37.5% |
| Amounts payable | 17/49 | €508,175 | €536,207 | +€28,032 | +5.5% |
| Amounts payable after more than one year | 17 | €42,104 | €78,605 | +€36,501 | +86.7% |
| Financial debts | 170/4 | €42,104 | €78,605 | +€36,501 | +86.7% |
| Amounts payable within one year | 42/48 | €464,365 | €455,835 | -€8,529 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €46,045 | €39,770 | -€6,275 | -13.6% |
| Financial debts | 43 | €133,824 | €183,104 | +€49,280 | +36.8% |
| Credit institutions | 430/8 | €133,824 | €183,104 | +€49,280 | +36.8% |
| Trade debts | 44 | €240,507 | €194,767 | -€45,740 | -19.0% |
| Suppliers | 440/4 | €240,507 | €194,767 | -€45,740 | -19.0% |
| Taxes, remuneration and social security | 45 | €34,063 | €27,795 | -€6,268 | -18.4% |
| Taxes | 450/3 | €5,108 | €9,091 | +€3,983 | +78.0% |
| Remuneration and social security | 454/9 | €28,955 | €18,704 | -€10,251 | -35.4% |
| Other amounts payable | 47/48 | €9,926 | €10,399 | +€473 | +4.8% |
| Accrued charges and deferred income | 492/3 | €1,706 | €1,766 | +€60 | +3.5% |
| Remuneration, social security and pensions | 62 | €151,036 | €145,104 | -€5,932 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,633 | €19,890 | +€2,258 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,116 | -€398 | +€717 | +64.3% |
| Other operating charges | 640/8 | €737 | €828 | +€91 | +12.4% |
| Gross operating margin | 9900 | €181,258 | €196,466 | +€15,208 | +8.4% |
| Operating profit (loss) | 9901 | €12,968 | €31,043 | +€18,074 | +139% |
| Financial income | 75/76B | €3,360 | €2,417 | -€943 | -28.1% |
| Recurring financial income | 75 | €3,360 | €2,417 | -€943 | -28.1% |
| Financial charges | 65/66B | €16,278 | €15,023 | -€1,255 | -7.7% |
| Recurring financial charges | 65 | €16,278 | €15,023 | -€1,255 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €50 | €18,437 | +€18,386 | +36,517% |
| Income taxes | 67/77 | - | €5,836 | +€5,836 | |
| Profit (loss) for the period | 9904 | €50 | €12,600 | +€12,550 | +24,925% |
| Profit (loss) for the period to be appropriated | 9905 | €50 | €12,600 | +€12,550 | +24,925% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.