GIFTS FORCE 1: what changed
What changed
GIFTS FORCE 1
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€18,732
2024 · €36,690-€17,958
Equity
€47,182
2024 · €127,450-€80,268
Cash
€129,956
2024 · €102,934+€27,023
Balance sheet total
€164,708
2024 · €136,566+€28,142
Largest movements
Assets
- Cash +€27,023
up €27,023 (+26.3%), from €102,934 to €129,956
mainly Other debts (+€99,000) and Net result for the year (+€18,732)
- Receivables within one year +€2,037
up €2,037 (+6.6%), from €30,897 to €32,933
of which Trade receivables: +€2,983
Equity and liabilities
- Other debts +€99,000
new in 2025: €99,000
- Profit (loss) carried forward -€80,268
down €80,268 (-66.2%), from €121,250 to €40,982
- Tax, wage and social debts +€9,826
up €9,826, from €0 to €9,826
of which Taxes: +€9,826
Income statement
- Gross operating margin -€25,471
down €25,471 (-48.8%), from €52,210 to €26,738
- Taxes -€6,120
down €6,120 (-48.1%), from €12,724 to €6,604
- Staff costs -€1,264
no longer reported in 2025 (was €1,264)
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.
Result 2024
€36,690
Gross operating margin
-€25,471
Staff costs
+€1,264
Depreciation
+€248
Other operating charges
-€138
Other operating items
+€117
Financial income
+€14
Financial charges
-€111
Taxes
+€6,120
Result 2025
€18,732
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€126,023
Investment
€0
Financing
-€99,000
Cash 2024
€102,934
From operations (derived)
+€126,023
Net result for the year
+€18,732
Depreciation
+€610
Receivables within one year
-€2,037
Deferred charges and accrued income
+€308
Trade debts
-€417
Tax, wage and social debts
+€9,826
Other debts
+€99,000
Financing
-€99,000
Contributions, distributions and other
-€99,000
Cash 2025
€129,956
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,566 | €164,708 | +€28,142 | +20.6% |
| Fixed assets | 21/28 | €2,007 | €1,398 | -€610 | -30.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,007 | €1,398 | -€610 | -30.4% |
| Furniture and vehicles | 24 | €119 | €0 | -€119 | -100% |
| Other tangible fixed assets | 26 | €1,889 | €1,398 | -€491 | -26.0% |
| Current assets | 29/58 | €134,559 | €163,310 | +€28,751 | +21.4% |
| Amounts receivable within one year | 40/41 | €30,897 | €32,933 | +€2,037 | +6.6% |
| Trade receivables | 40 | €27,478 | €30,461 | +€2,983 | +10.9% |
| Other amounts receivable | 41 | €3,419 | €2,472 | -€946 | -27.7% |
| Cash at bank and in hand | 54/58 | €102,934 | €129,956 | +€27,023 | +26.3% |
| Deferred charges and accrued income | 490/1 | €729 | €421 | -€308 | -42.3% |
| Total equity and liabilities | 10/49 | €136,566 | €164,708 | +€28,142 | +20.6% |
| Equity | 10/15 | €127,450 | €47,182 | -€80,268 | -63.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,250 | €40,982 | -€80,268 | -66.2% |
| Amounts payable | 17/49 | €9,116 | €117,526 | +€108,409 | +1,189% |
| Amounts payable within one year | 42/48 | €9,116 | €117,526 | +€108,409 | +1,189% |
| Trade debts | 44 | €9,116 | €8,700 | -€417 | -4.6% |
| Suppliers | 440/4 | €9,116 | €8,700 | -€417 | -4.6% |
| Taxes, remuneration and social security | 45 | €0 | €9,826 | +€9,826 | |
| Taxes | 450/3 | - | €9,826 | +€9,826 | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €99,000 | +€99,000 | |
| Remuneration, social security and pensions | 62 | €1,264 | - | -€1,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858 | €610 | -€248 | -28.9% |
| Other operating charges | 640/8 | €362 | €499 | +€138 | +38.0% |
| Non-recurring operating charges | 66A | €117 | - | -€117 | |
| Gross operating margin | 9900 | €52,210 | €26,738 | -€25,471 | -48.8% |
| Operating profit (loss) | 9901 | €49,610 | €25,629 | -€23,980 | -48.3% |
| Financial income | 75/76B | €0 | €14 | +€14 | |
| Recurring financial income | 75 | €0 | €14 | +€14 | |
| Financial charges | 65/66B | €196 | €307 | +€111 | +56.7% |
| Recurring financial charges | 65 | €196 | €307 | +€111 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €49,414 | €25,336 | -€24,078 | -48.7% |
| Income taxes | 67/77 | €12,724 | €6,604 | -€6,120 | -48.1% |
| Profit (loss) for the period | 9904 | €36,690 | €18,732 | -€17,958 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,690 | €18,732 | -€17,958 | -48.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.