GAWEL GROUP: what changed
GAWEL GROUP
Largest movements
- Receivables within one year +€5,039
up €5,039 (+8.3%), from €60,775 to €65,814
of which Trade receivables: +€2,691
- Cash -€4,083
down €4,083 (-8.6%), from €47,405 to €43,321
mainly Contributions, distributions and other (-€23,000) and Investment in fixed assets (net) (-€7,136)
- Tangible fixed assets +€3,875
up €3,875 (+77.9%), from €4,977 to €8,852
of which Furniture and vehicles: +€4,961
- Tax, wage and social debts +€16,873
up €16,873 (+225%), from €7,494 to €24,368
of which Remuneration and social security: +€14,912
- Other debts -€5,900
down €5,900 (-32.8%), from €18,000 to €12,100
- Profit (loss) carried forward -€5,073
down €5,073 (-98.7%), from €5,140 to €67
- Reserves -€2,400
down €2,400 (-6.4%), from €37,296 to €34,896
- Trade debts +€1,753
up €1,753 (+5.3%), from €32,938 to €34,691
- Turnover +€76,160
up €76,160 (+16.3%), from €466,677 to €542,837
- Purchases and services +€64,230
up €64,230 (+14.9%), from €430,453 to €494,683
- Gross operating margin +€11,930
up €11,930 (+32.9%), from €36,224 to €48,154
- Staff costs +€5,565
up €5,565 (+33.6%), from €16,577 to €22,142
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 | €114,169 | €119,010 | +€4,841 | +4.2% |
| Fixed assets | 21/28 | €5,517 | €9,392 | +€3,875 | +70.2% |
| Tangible fixed assets | 22/27 | €4,977 | €8,852 | +€3,875 | +77.9% |
| Plant, machinery and equipment | 23 | €1,720 | €635 | -€1,085 | -63.1% |
| Furniture and vehicles | 24 | €3,257 | €8,217 | +€4,961 | +152% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €108,652 | €109,617 | +€965 | +0.9% |
| Amounts receivable within one year | 40/41 | €60,775 | €65,814 | +€5,039 | +8.3% |
| Trade receivables | 40 | €54,283 | €56,974 | +€2,691 | +5.0% |
| Other amounts receivable | 41 | €6,493 | €8,841 | +€2,348 | +36.2% |
| Cash at bank and in hand | 54/58 | €47,405 | €43,321 | -€4,083 | -8.6% |
| Deferred charges and accrued income | 490/1 | €472 | €482 | +€10 | +2.1% |
| Total equity and liabilities | 10/49 | €114,169 | €119,010 | +€4,841 | +4.2% |
| Equity | 10/15 | €50,496 | €43,024 | -€7,473 | -14.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €37,296 | €34,896 | -€2,400 | -6.4% |
| Distributable reserves | 133 | €37,296 | €34,896 | -€2,400 | -6.4% |
| Profit (loss) carried forward | 14 | €5,140 | €67 | -€5,073 | -98.7% |
| Amounts payable | 17/49 | €63,673 | €75,986 | +€12,314 | +19.3% |
| Amounts payable within one year | 42/48 | €63,673 | €75,986 | +€12,314 | +19.3% |
| Financial debts | 43 | €5,240 | €4,828 | -€412 | -7.9% |
| Credit institutions | 430/8 | €5,240 | €4,828 | -€412 | -7.9% |
| Trade debts | 44 | €32,938 | €34,691 | +€1,753 | +5.3% |
| Suppliers | 440/4 | €32,938 | €34,691 | +€1,753 | +5.3% |
| Taxes, remuneration and social security | 45 | €7,494 | €24,368 | +€16,873 | +225% |
| Taxes | 450/3 | €2,466 | €4,427 | +€1,961 | +79.5% |
| Remuneration and social security | 454/9 | €5,028 | €19,941 | +€14,912 | +297% |
| Other amounts payable | 47/48 | €18,000 | €12,100 | -€5,900 | -32.8% |
| Turnover | 70 | €466,677 | €542,837 | +€76,160 | +16.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €430,453 | €494,683 | +€64,230 | +14.9% |
| Remuneration, social security and pensions | 62 | €16,577 | €22,142 | +€5,565 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,494 | €3,260 | -€234 | -6.7% |
| Other operating charges | 640/8 | €3,211 | €3,155 | -€56 | -1.7% |
| Non-recurring operating charges | 66A | €245 | - | -€245 | |
| Gross operating margin | 9900 | €36,224 | €48,154 | +€11,930 | +32.9% |
| Operating profit (loss) | 9901 | €12,697 | €19,597 | +€6,900 | +54.3% |
| Financial income | 75/76B | €44 | €100 | +€56 | +128% |
| Recurring financial income | 75 | €44 | €100 | +€56 | +128% |
| Financial charges | 65/66B | €605 | €801 | +€196 | +32.3% |
| Recurring financial charges | 65 | €605 | €801 | +€196 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €12,136 | €18,896 | +€6,760 | +55.7% |
| Income taxes | 67/77 | €2,382 | €3,369 | +€987 | +41.4% |
| Profit (loss) for the period | 9904 | €9,754 | €15,527 | +€5,773 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,754 | €15,527 | +€5,773 | +59.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.