GEKEL: what changed
Two fiscal 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
GEKEL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€51,116
2024 · €27,629-€78,745
Equity
€218,189
2024 · €269,305-€51,116
Cash
€79,058
2024 · €90,498-€11,440
Balance sheet total
€1.5m
2024 · €1.6m-€66,645
Largest movements
Assets
- Tangible fixed assets -€105,343
down €105,343 (-35.8%), from €294,579 to €189,236
of which Plant, machinery and equipment: -€55,604
- Stocks and contracts +€28,078
up €28,078 (+5.0%), from €563,848 to €591,926
- Receivables within one year +€23,185
up €23,185 (+3.6%), from €636,627 to €659,812
of which Other amounts receivable: +€42,520
Equity and liabilities
- Profit (loss) carried forward -€51,116
down €51,116 (-46.8%), from €109,334 to €58,218
- Current portion of long-term debt -€31,527
down €31,527 (-30.6%), from €102,993 to €71,466
- Debts after one year -€31,466
down €31,466 (-94.0%), from €33,463 to €1,997
- Other debts +€30,262
up €30,262 (+31.1%), from €97,213 to €127,475
Income statement
- Turnover -€336,627
down €336,627 (-4.5%), from €7.4m to €7.1m
- Purchases and services -€231,180
down €231,180 (-3.5%), from €6.7m to €6.5m
- Gross operating margin -€125,645
down €125,645 (-14.0%), from €894,721 to €769,077
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
€27,629
Gross operating margin
-€125,645
Staff costs
-€37,528
Depreciation
+€50,692
Other operating charges
-€3,591
Other operating items
+€2,700
Financial income
+€3,937
Financial charges
+€11,540
Taxes
+€19,150
Result 2025
-€51,116
Cash bridge derived
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
+€51,553
Investment
-€0
Financing
-€62,993
Cash 2024
€90,498
From operations (derived)
+€51,553
Net result for the year
-€51,116
Depreciation
+€105,343
Stocks and contracts
-€28,078
Receivables within one year
-€23,185
Deferred charges and accrued income
+€1,125
Trade debts
+€12,755
Tax, wage and social debts
+€4,447
Other debts
+€30,262
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€62,993
Debts after one year
-€31,466
Current portion of long-term debt
-€31,527
Cash 2025
€79,058
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,587,358 | €1,520,713 | -€66,645 | -4.2% |
| Fixed assets | 21/28 | €294,579 | €189,236 | -€105,343 | -35.8% |
| Tangible fixed assets | 22/27 | €294,579 | €189,236 | -€105,343 | -35.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €98,159 | €42,554 | -€55,604 | -56.6% |
| Furniture and vehicles | 24 | €35,362 | €23,140 | -€12,222 | -34.6% |
| Other tangible fixed assets | 26 | €161,058 | €123,542 | -€37,517 | -23.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,292,779 | €1,331,477 | +€38,699 | +3.0% |
| Stocks and contracts in progress | 3 | €563,848 | €591,926 | +€28,078 | +5.0% |
| Stocks | 30/36 | €563,848 | €591,926 | +€28,078 | +5.0% |
| Amounts receivable within one year | 40/41 | €636,627 | €659,812 | +€23,185 | +3.6% |
| Trade receivables | 40 | €161,138 | €141,803 | -€19,335 | -12.0% |
| Other amounts receivable | 41 | €475,489 | €518,010 | +€42,520 | +8.9% |
| Cash at bank and in hand | 54/58 | €90,498 | €79,058 | -€11,440 | -12.6% |
| Deferred charges and accrued income | 490/1 | €1,806 | €681 | -€1,125 | -62.3% |
| Total equity and liabilities | 10/49 | €1,587,358 | €1,520,713 | -€66,645 | -4.2% |
| Equity | 10/15 | €269,305 | €218,189 | -€51,116 | -19.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €60,813 | €60,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,164 | €10,164 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €248 | €248 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,005 | €42,005 | = | 0.0% |
| Distributable reserves | 133 | €8,645 | €8,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,334 | €58,218 | -€51,116 | -46.8% |
| Amounts payable | 17/49 | €1,318,053 | €1,302,524 | -€15,529 | -1.2% |
| Amounts payable after more than one year | 17 | €33,463 | €1,997 | -€31,466 | -94.0% |
| Financial debts | 170/4 | €33,463 | €1,997 | -€31,466 | -94.0% |
| Amounts payable within one year | 42/48 | €1,284,590 | €1,300,527 | +€15,938 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €102,993 | €71,466 | -€31,527 | -30.6% |
| Trade debts | 44 | €980,874 | €993,629 | +€12,755 | +1.3% |
| Suppliers | 440/4 | €980,874 | €993,629 | +€12,755 | +1.3% |
| Taxes, remuneration and social security | 45 | €103,510 | €107,958 | +€4,447 | +4.3% |
| Taxes | 450/3 | €30,462 | €38,432 | +€7,971 | +26.2% |
| Remuneration and social security | 454/9 | €73,049 | €69,525 | -€3,523 | -4.8% |
| Other amounts payable | 47/48 | €97,213 | €127,475 | +€30,262 | +31.1% |
| Turnover | 70 | €7,406,652 | €7,070,024 | -€336,627 | -4.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,698,645 | €6,467,466 | -€231,180 | -3.5% |
| Remuneration, social security and pensions | 62 | €651,318 | €688,846 | +€37,528 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,035 | €105,343 | -€50,692 | -32.5% |
| Other operating charges | 640/8 | €8,648 | €12,239 | +€3,591 | +41.5% |
| Non-recurring operating charges | 66A | €3,000 | €300 | -€2,700 | -90.0% |
| Gross operating margin | 9900 | €894,721 | €769,077 | -€125,645 | -14.0% |
| Operating profit (loss) | 9901 | €75,720 | -€37,652 | -€113,372 | |
| Financial income | 75/76B | €4,644 | €8,581 | +€3,937 | +84.8% |
| Recurring financial income | 75 | €4,644 | €8,581 | +€3,937 | +84.8% |
| Financial charges | 65/66B | €32,884 | €21,343 | -€11,540 | -35.1% |
| Recurring financial charges | 65 | €32,884 | €21,343 | -€11,540 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €47,480 | -€50,415 | -€97,895 | |
| Income taxes | 67/77 | €19,851 | €701 | -€19,150 | -96.5% |
| Profit (loss) for the period | 9904 | €27,629 | -€51,116 | -€78,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,629 | -€51,116 | -€78,745 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.