GCR TRADE: 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.
GCR TRADE
Largest movements
- Tangible fixed assets +€49,156
up €49,156 (+95.3%), from €51,590 to €100,745
of which Furniture and vehicles: +€43,385
- Cash +€35,477
up €35,477 (+8.6%), from €413,390 to €448,868
mainly Other debts (+€201,632) and Net result for the year (+€73,219)
- Receivables within one year +€28,177
up €28,177 (+226%), from €12,444 to €40,620
of which Trade receivables: +€18,720
- Current investments +€19,998
new in 2025: €19,998
- Deferred charges and accrued income -€9,993
down €9,993 (-66.3%), from €15,081 to €5,088
- Other debts +€201,632
up €201,632 (+397%), from €50,740 to €252,371
- Reserves -€129,441
down €129,441 (-33.3%), from €389,261 to €259,820
- Trade debts +€68,428
up €68,428 (+2,384%), from €2,871 to €71,299
- Advances received -€15,086
no longer reported in 2025 (was €15,086)
- Debts after one year -€8,715
down €8,715 (-37.4%), from €23,297 to €14,582
- Taxes +€6,462
up €6,462 (+17.8%), from €36,335 to €42,796
- Other operating charges -€1,845
down €1,845 (-42.0%), from €4,391 to €2,545
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,701 | €623,474 | +€116,773 | +23.0% |
| Fixed assets | 21/28 | €65,786 | €108,900 | +€43,114 | +65.5% |
| Intangible fixed assets | 21 | €14,197 | €8,155 | -€6,042 | -42.6% |
| Tangible fixed assets | 22/27 | €51,590 | €100,745 | +€49,156 | +95.3% |
| Plant, machinery and equipment | 23 | €976 | €358 | -€618 | -63.3% |
| Furniture and vehicles | 24 | €38,436 | €81,821 | +€43,385 | +113% |
| Other tangible fixed assets | 26 | €12,178 | €18,566 | +€6,388 | +52.5% |
| Current assets | 29/58 | €440,915 | €514,574 | +€73,659 | +16.7% |
| Amounts receivable within one year | 40/41 | €12,444 | €40,620 | +€28,177 | +226% |
| Trade receivables | 40 | €8,971 | €27,691 | +€18,720 | +209% |
| Other amounts receivable | 41 | €3,473 | €12,929 | +€9,456 | +272% |
| Current investments | 50/53 | - | €19,998 | +€19,998 | |
| Cash at bank and in hand | 54/58 | €413,390 | €448,868 | +€35,477 | +8.6% |
| Deferred charges and accrued income | 490/1 | €15,081 | €5,088 | -€9,993 | -66.3% |
| Total equity and liabilities | 10/49 | €506,701 | €623,474 | +€116,773 | +23.0% |
| Equity | 10/15 | €398,494 | €269,053 | -€129,441 | -32.5% |
| Contributions | 10/11 | €9,112 | €9,112 | = | 0.0% |
| Reserves | 13 | €389,261 | €259,820 | -€129,441 | -33.3% |
| Distributable reserves | 133 | €389,261 | €259,820 | -€129,441 | -33.3% |
| Profit (loss) carried forward | 14 | €121 | €121 | = | 0.0% |
| Amounts payable | 17/49 | €108,208 | €354,421 | +€246,214 | +228% |
| Amounts payable after more than one year | 17 | €23,297 | €14,582 | -€8,715 | -37.4% |
| Financial debts | 170/4 | €23,297 | €14,582 | -€8,715 | -37.4% |
| Amounts payable within one year | 42/48 | €84,911 | €339,839 | +€254,928 | +300% |
| Current portion of amounts payable after more than one year | 42 | €8,350 | €8,715 | +€364 | +4.4% |
| Trade debts | 44 | €2,871 | €71,299 | +€68,428 | +2,384% |
| Suppliers | 440/4 | €2,871 | €71,299 | +€68,428 | +2,384% |
| Advances received on contracts in progress | 46 | €15,086 | - | -€15,086 | |
| Taxes, remuneration and social security | 45 | €7,864 | €7,454 | -€410 | -5.2% |
| Taxes | 450/3 | €7,864 | €7,454 | -€410 | -5.2% |
| Other amounts payable | 47/48 | €50,740 | €252,371 | +€201,632 | +397% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,452 | €22,802 | +€1,350 | +6.3% |
| Other operating charges | 640/8 | €4,391 | €2,545 | -€1,845 | -42.0% |
| Gross operating margin | 9900 | €138,135 | €139,392 | +€1,257 | +0.9% |
| Operating profit (loss) | 9901 | €112,292 | €114,044 | +€1,752 | +1.6% |
| Financial income | 75/76B | €5,198 | €4,872 | -€326 | -6.3% |
| Recurring financial income | 75 | €5,198 | €4,872 | -€326 | -6.3% |
| Financial charges | 65/66B | €2,899 | €2,901 | +€1 | 0.0% |
| Recurring financial charges | 65 | €2,899 | €2,901 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €114,590 | €116,015 | +€1,425 | +1.2% |
| Income taxes | 67/77 | €36,335 | €42,796 | +€6,462 | +17.8% |
| Profit (loss) for the period | 9904 | €78,255 | €73,219 | -€5,037 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,255 | €73,219 | -€5,037 | -6.4% |
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 27 October 2026 via checked.be.