GAWIJN: 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
GAWIJN
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,276
2024 · -€6,038+€8,314
Equity
€397,343
2024 · €595,068-€197,724
Cash
€32,825
2024 · €21,717+€11,109
Balance sheet total
€2.7m
2024 · €2.7m-€797
Largest movements
Assets
- Stocks and contracts +€40,228
up €40,228 (+12.0%), from €336,085 to €376,313
- Tangible fixed assets -€33,208
down €33,208 (-2.0%), from €1.6m to €1.6m
of which Land and buildings: -€61,180
Equity and liabilities
- Reserves -€200,000
down €200,000 (-36.4%), from €549,000 to €349,000
- Other debts +€100,724
up €100,724 (+92.9%), from €108,477 to €209,201
- Short-term financial debts +€75,000
up €75,000 (+20.0%), from €375,000 to €450,000
- Trade debts +€72,813
up €72,813 (+149%), from €48,894 to €121,707
- Debts after one year -€63,087
down €63,087 (-5.3%), from €1.2m to €1.1m
Income statement
- Staff costs -€32,183
down €32,183 (-7.2%), from €447,334 to €415,152
- Other operating charges +€14,452
new in 2025: €14,452
- Financial income +€5,841
up €5,841 (+123%), from €4,751 to €10,592
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
-€6,038
Gross operating margin
-€2,645
Staff costs
+€32,183
Depreciation
-€3,972
Write-downs
-€5,431
Other operating charges
-€14,452
Financial income
+€5,841
Financial charges
-€3,813
Taxes
+€602
Result 2025
€2,276
raises the resultlowers the result
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
+€232,365
Investment
-€40,270
Financing
-€180,986
Cash 2024
€21,717
From operations (derived)
+€232,365
Net result for the year
+€2,276
Depreciation
+€73,478
Stocks and contracts
-€40,228
Receivables within one year
+€27,159
Deferred charges and accrued income
-€8,235
Trade debts
+€72,813
Tax, wage and social debts
+€62,490
Other debts
+€100,724
Accrued charges and deferred income
-€58,113
Investment (derived)
-€40,270
Investment in fixed assets (net)
-€40,270
Financing
-€180,986
Debts after one year
-€63,087
Current portion of long-term debt
+€7,100
Short-term financial debts
+€75,000
Contributions, distributions and other
-€200,000
Cash 2025
€32,825
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,722,068 | €2,721,271 | -€797 | 0.0% |
| Fixed assets | 21/28 | €1,635,283 | €1,602,075 | -€33,208 | -2.0% |
| Tangible fixed assets | 22/27 | €1,633,294 | €1,600,085 | -€33,208 | -2.0% |
| Land and buildings | 22 | €1,598,109 | €1,536,929 | -€61,180 | -3.8% |
| Plant, machinery and equipment | 23 | €155 | - | -€155 | |
| Furniture and vehicles | 24 | €35,030 | €40,783 | +€5,754 | +16.4% |
| Leasing and similar rights | 25 | - | €22,373 | +€22,373 | |
| Financial fixed assets | 28 | €1,989 | €1,989 | = | 0.0% |
| Current assets | 29/58 | €1,086,785 | €1,119,196 | +€32,411 | +3.0% |
| Stocks and contracts in progress | 3 | €336,085 | €376,313 | +€40,228 | +12.0% |
| Stocks | 30/36 | €336,085 | €376,313 | +€40,228 | +12.0% |
| Amounts receivable within one year | 40/41 | €709,359 | €682,200 | -€27,159 | -3.8% |
| Trade receivables | 40 | €190,540 | €345,761 | +€155,220 | +81.5% |
| Other amounts receivable | 41 | €518,819 | €336,439 | -€182,380 | -35.2% |
| Cash at bank and in hand | 54/58 | €21,717 | €32,825 | +€11,109 | +51.2% |
| Deferred charges and accrued income | 490/1 | €19,624 | €27,858 | +€8,235 | +42.0% |
| Total equity and liabilities | 10/49 | €2,722,068 | €2,721,271 | -€797 | 0.0% |
| Equity | 10/15 | €595,068 | €397,343 | -€197,724 | -33.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €549,000 | €349,000 | -€200,000 | -36.4% |
| Distributable reserves | 133 | €549,000 | €349,000 | -€200,000 | -36.4% |
| Profit (loss) carried forward | 14 | €25,608 | €27,883 | +€2,276 | +8.9% |
| Amounts payable | 17/49 | €2,127,000 | €2,323,928 | +€196,927 | +9.3% |
| Amounts payable after more than one year | 17 | €1,186,400 | €1,123,313 | -€63,087 | -5.3% |
| Financial debts | 170/4 | €1,186,400 | €1,123,313 | -€63,087 | -5.3% |
| Amounts payable within one year | 42/48 | €687,811 | €1,005,939 | +€318,127 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €79,669 | €86,769 | +€7,100 | +8.9% |
| Financial debts | 43 | €375,000 | €450,000 | +€75,000 | +20.0% |
| Credit institutions | 430/8 | €375,000 | €450,000 | +€75,000 | +20.0% |
| Trade debts | 44 | €48,894 | €121,707 | +€72,813 | +149% |
| Suppliers | 440/4 | €48,894 | €121,707 | +€72,813 | +149% |
| Taxes, remuneration and social security | 45 | €75,772 | €138,262 | +€62,490 | +82.5% |
| Taxes | 450/3 | €29,192 | €55,502 | +€26,310 | +90.1% |
| Remuneration and social security | 454/9 | €46,580 | €82,760 | +€36,180 | +77.7% |
| Other amounts payable | 47/48 | €108,477 | €209,201 | +€100,724 | +92.9% |
| Accrued charges and deferred income | 492/3 | €252,789 | €194,675 | -€58,113 | -23.0% |
| Remuneration, social security and pensions | 62 | €447,334 | €415,152 | -€32,183 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,507 | €73,478 | +€3,972 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,648 | €9,079 | +€5,431 | +149% |
| Other operating charges | 640/8 | - | €14,452 | +€14,452 | |
| Gross operating margin | 9900 | €577,079 | €574,434 | -€2,645 | -0.5% |
| Operating profit (loss) | 9901 | €56,590 | €62,274 | +€5,684 | +10.0% |
| Financial income | 75/76B | €4,751 | €10,592 | +€5,841 | +123% |
| Recurring financial income | 75 | €4,751 | €10,592 | +€5,841 | +123% |
| Financial charges | 65/66B | €50,254 | €54,067 | +€3,813 | +7.6% |
| Recurring financial charges | 65 | €50,254 | €54,067 | +€3,813 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €11,087 | €18,799 | +€7,712 | +69.6% |
| Income taxes | 67/77 | €17,125 | €16,523 | -€602 | -3.5% |
| Profit (loss) for the period | 9904 | -€6,038 | €2,276 | +€8,314 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,038 | €2,276 | +€8,314 |
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 22 October 2026 via checked.be.