GMP GENVAL: 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
GMP GENVAL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€373,674
2025 · -€473,746+€847,420
Equity
€399,928
2025 · €26,254+€373,674
Cash
€1.3m
2025 · €2.2m-€912,545
Balance sheet total
€11.5m
2025 · €12.5m-€1.0m
Largest movements
Assets
- Cash -€912,545
down €912,545 (-41.8%), from €2.2m to €1.3m
mainly Debts after one year (-€899,764) and Other debts (-€724,226)
- Intangible fixed assets -€550,000
down €550,000 (-11.0%), from €5.0m to €4.4m
- Receivables within one year +€496,049
up €496,049 (+213%), from €232,849 to €728,897
of which Other amounts receivable: +€471,438
- Tangible fixed assets -€307,459
down €307,459 (-9.3%), from €3.3m to €3.0m
of which Plant, machinery and equipment: -€318,973
- Stocks and contracts +€203,413
up €203,413 (+18.5%), from €1.1m to €1.3m
Equity and liabilities
- Debts after one year -€899,764
down €899,764 (-11.5%), from €7.8m to €6.9m
- Other debts -€724,226
no longer reported in 2026 (was €724,226)
- Profit (loss) carried forward +€373,674
up €373,674 (+78.9%), from -€473,746 to -€100,072
- Current portion of long-term debt +€140,079
up €140,079 (+19.5%), from €717,939 to €858,018
Income statement
- Turnover +€7.7m
up €7.7m (+25.8%), from €29.8m to €37.4m
- Goods and materials +€5.8m
up €5.8m (+23.6%), from €24.6m to €30.5m
of which Purchases: +€4.9m
- Services and other goods +€484,389
up €484,389 (+22.3%), from €2.2m to €2.7m
From the 2025 result to the 2026 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 2025
-€473,746
Turnover
+€7.7m
Other operating income
-€17,052
Goods and materials
-€5.8m
Services and other goods
-€484,389
Staff costs
-€345,105
Depreciation
-€151,204
Other operating charges
-€131
Financial income
+€678
Financial charges
-€16,301
Taxes
-€499
Result 2026
€373,674
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€83,093
Investment
-€235,953
Financing
-€759,685
Cash 2025
€2.2m
From operations (derived)
+€83,093
Net result for the year
+€373,674
Depreciation
+€1.2m
Stocks and contracts
-€203,413
Receivables within one year
-€496,049
Deferred charges and accrued income
-€108,292
Trade debts
+€9,440
Tax, wage and social debts
-€27,942
Other debts
-€724,226
Accrued charges and deferred income
+€78,962
Investment (derived)
-€235,953
Investment in fixed assets (net)
-€235,953
Financing
-€759,685
Debts after one year
-€899,764
Current portion of long-term debt
+€140,079
Cash 2026
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,521,448 | €11,471,671 | -€1.0m | -8.4% |
| Formation expenses | 20 | €416,844 | €324,844 | -€92,000 | -22.1% |
| Fixed assets | 21/28 | €8,306,854 | €7,453,868 | -€852,986 | -10.3% |
| Intangible fixed assets | 21 | €4,993,699 | €4,443,699 | -€550,000 | -11.0% |
| Tangible fixed assets | 22/27 | €3,312,795 | €3,005,337 | -€307,459 | -9.3% |
| Plant, machinery and equipment | 23 | €3,086,482 | €2,767,508 | -€318,973 | -10.3% |
| Furniture and vehicles | 24 | €1,417 | €1,828 | +€411 | +29.0% |
| Other tangible fixed assets | 26 | €224,896 | €236,000 | +€11,104 | +4.9% |
| Financial fixed assets | 28 | €360 | €4,833 | +€4,473 | +1,242% |
| Other financial fixed assets | 284/8 | €360 | €4,833 | +€4,473 | +1,242% |
| Amounts receivable and cash guarantees | 285/8 | €360 | €4,833 | +€4,473 | +1,242% |
| Current assets | 29/58 | €3,797,750 | €3,692,959 | -€104,791 | -2.8% |
| Stocks and contracts in progress | 3 | €1,100,940 | €1,304,353 | +€203,413 | +18.5% |
| Stocks | 30/36 | €1,100,940 | €1,304,353 | +€203,413 | +18.5% |
| Goods purchased for resale | 34 | €1,100,940 | €1,304,353 | +€203,413 | +18.5% |
| Amounts receivable within one year | 40/41 | €232,849 | €728,897 | +€496,049 | +213% |
| Trade receivables | 40 | €205,349 | €229,959 | +€24,611 | +12.0% |
| Other amounts receivable | 41 | €27,500 | €498,938 | +€471,438 | +1,714% |
| Cash at bank and in hand | 54/58 | €2,183,656 | €1,271,111 | -€912,545 | -41.8% |
| Deferred charges and accrued income | 490/1 | €280,306 | €388,598 | +€108,292 | +38.6% |
| Total equity and liabilities | 10/49 | €12,521,448 | €11,471,671 | -€1.0m | -8.4% |
| Equity | 10/15 | €26,254 | €399,928 | +€373,674 | +1,423% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€473,746 | -€100,072 | +€373,674 | +78.9% |
| Amounts payable | 17/49 | €12,495,194 | €11,071,742 | -€1.4m | -11.4% |
| Amounts payable after more than one year | 17 | €7,801,606 | €6,901,841 | -€899,764 | -11.5% |
| Financial debts | 170/4 | €7,801,606 | €6,901,841 | -€899,764 | -11.5% |
| Subordinated loans | 170 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 173 | €5,801,606 | €4,901,841 | -€899,764 | -15.5% |
| Amounts payable within one year | 42/48 | €4,659,243 | €4,056,594 | -€602,649 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €717,939 | €858,018 | +€140,079 | +19.5% |
| Trade debts | 44 | €2,804,769 | €2,814,209 | +€9,440 | +0.3% |
| Suppliers | 440/4 | €2,804,769 | €2,814,209 | +€9,440 | +0.3% |
| Taxes, remuneration and social security | 45 | €412,309 | €384,367 | -€27,942 | -6.8% |
| Taxes | 450/3 | €5,089 | €717 | -€4,372 | -85.9% |
| Remuneration and social security | 454/9 | €407,220 | €383,649 | -€23,570 | -5.8% |
| Other amounts payable | 47/48 | €724,226 | - | -€724,226 | |
| Accrued charges and deferred income | 492/3 | €34,345 | €113,307 | +€78,962 | +230% |
| Operating income | 70/76A | €30,635,903 | €38,301,423 | +€7.7m | +25.0% |
| Turnover | 70 | €29,765,070 | €37,447,642 | +€7.7m | +25.8% |
| Other operating income | 74 | €870,833 | €853,781 | -€17,052 | -2.0% |
| Operating charges | 60/66A | €30,852,977 | €37,654,956 | +€6.8m | +22.0% |
| Goods for resale, raw materials and consumables | 60 | €24,649,627 | €30,470,776 | +€5.8m | +23.6% |
| Purchases | 600/8 | €25,750,567 | €30,674,189 | +€4.9m | +19.1% |
| Change in stocks: decrease (increase) | 609 | -€1,100,940 | -€203,413 | +€897,527 | +81.5% |
| Services and other goods | 61 | €2,173,818 | €2,658,207 | +€484,389 | +22.3% |
| Remuneration, social security and pensions | 62 | €2,998,964 | €3,344,068 | +€345,105 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029,735 | €1,180,939 | +€151,204 | +14.7% |
| Other operating charges | 640/8 | €835 | €966 | +€131 | +15.7% |
| Operating profit (loss) | 9901 | -€217,074 | €646,467 | +€863,541 | |
| Financial income | 75/76B | €63 | €741 | +€678 | +1,075% |
| Recurring financial income | 75 | €63 | €741 | +€678 | +1,075% |
| Other financial income | 752/9 | €63 | €741 | +€678 | +1,075% |
| Financial charges | 65/66B | €256,391 | €272,693 | +€16,301 | +6.4% |
| Recurring financial charges | 65 | €256,391 | €272,693 | +€16,301 | +6.4% |
| Debt charges | 650 | €240,595 | €255,190 | +€14,595 | +6.1% |
| Other financial charges | 652/9 | €15,797 | €17,503 | +€1,706 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€473,402 | €374,516 | +€847,918 | |
| Income taxes | 67/77 | €343 | €842 | +€499 | +145% |
| Taxes | 670/3 | €343 | €842 | +€499 | +145% |
| Profit (loss) for the period | 9904 | -€473,746 | €373,674 | +€847,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€473,746 | €373,674 | +€847,420 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.