GNATRES: 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
GNATRES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,807
2024 · €8,178+€7,629
Equity
€31,056
2024 · €15,249+€15,807
Cash
€8,110
2024 · €17,729-€9,618
Balance sheet total
€8.1m
2024 · €8.1m+€37,691
Largest movements
Assets
- Receivables within one year +€502,065
up €502,065 (+10.2%), from €4.9m to €5.4m
of which Trade receivables: +€575,844
- Stocks and contracts -€450,000
down €450,000 (-38.8%), from €1.2m to €710,953
Equity and liabilities
- Other debts +€184,416
up €184,416 (+3.3%), from €5.6m to €5.8m
- Current portion of long-term debt -€150,000
down €150,000 (-13.0%), from €1.2m to €1.0m
Income statement
- Turnover +€458,885
up €458,885 (+573.0%), from €80,080 to €538,965
- Purchases and services +€452,994
up €452,994 (+9944.8%), from €4,555 to €457,549
- Financial charges -€9,551
down €9,551 (-6.5%), from €146,145 to €136,594
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
€8,178
Gross operating margin
-€426
Other operating charges
-€366
Financial income
-€1,130
Financial charges
+€9,551
Result 2025
€15,807
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
+€140,382
Investment
€0
Financing
-€150,000
Cash 2024
€17,729
From operations (derived)
+€140,382
Net result for the year
+€15,807
Depreciation
+€14,669
Stocks and contracts
+€450,000
Receivables within one year
-€502,065
Deferred charges and accrued income
-€9,913
Trade debts
-€12,532
Other debts
+€184,416
Financing
-€150,000
Current portion of long-term debt
-€150,000
Cash 2025
€8,110
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,098,290 | €8,135,981 | +€37,691 | +0.5% |
| Fixed assets | 21/28 | €1,555,149 | €1,540,480 | -€14,669 | -0.9% |
| Tangible fixed assets | 22/27 | €1,130,149 | €1,115,480 | -€14,669 | -1.3% |
| Plant, machinery and equipment | 23 | €119,132 | €104,463 | -€14,669 | -12.3% |
| Furniture and vehicles | 24 | €1,011,017 | €1,011,017 | = | 0.0% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €6,543,142 | €6,595,501 | +€52,359 | +0.8% |
| Amounts receivable after more than one year | 29 | €421,135 | €421,135 | = | 0.0% |
| Other amounts receivable | 291 | €421,135 | €421,135 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,160,953 | €710,953 | -€450,000 | -38.8% |
| Stocks | 30/36 | €1,160,953 | €710,953 | -€450,000 | -38.8% |
| Amounts receivable within one year | 40/41 | €4,920,221 | €5,422,286 | +€502,065 | +10.2% |
| Trade receivables | 40 | €85,128 | €660,972 | +€575,844 | +676.4% |
| Other amounts receivable | 41 | €4,835,093 | €4,761,314 | -€73,779 | -1.5% |
| Cash at bank and in hand | 54/58 | €17,729 | €8,110 | -€9,618 | -54.3% |
| Deferred charges and accrued income | 490/1 | €23,103 | €33,016 | +€9,913 | +42.9% |
| Total equity and liabilities | 10/49 | €8,098,290 | €8,135,981 | +€37,691 | +0.5% |
| Equity | 10/15 | €15,249 | €31,056 | +€15,807 | +103.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,503 | €41,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,643 | €39,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,854 | -€29,047 | +€15,807 | +35.2% |
| Amounts payable | 17/49 | €8,083,042 | €8,104,925 | +€21,884 | +0.3% |
| Amounts payable after more than one year | 17 | €831,400 | €831,400 | = | 0.0% |
| Financial debts | 170/4 | €831,400 | €831,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,251,642 | €7,273,525 | +€21,884 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €1,150,000 | €1,000,000 | -€150,000 | -13.0% |
| Trade debts | 44 | €455,988 | €443,456 | -€12,532 | -2.7% |
| Suppliers | 440/4 | €455,988 | €443,456 | -€12,532 | -2.7% |
| Taxes, remuneration and social security | 45 | €7,059 | €7,059 | = | 0.0% |
| Taxes | 450/3 | €7,059 | €7,059 | = | 0.0% |
| Other amounts payable | 47/48 | €5,638,595 | €5,823,011 | +€184,416 | +3.3% |
| Turnover | 70 | €80,080 | €538,965 | +€458,885 | +573.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,555 | €457,549 | +€452,994 | +9944.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,669 | €14,669 | = | 0.0% |
| Other operating charges | 640/8 | €197,195 | €197,561 | +€366 | +0.2% |
| Gross operating margin | 9900 | €295,525 | €295,099 | -€426 | -0.1% |
| Operating profit (loss) | 9901 | €83,662 | €82,869 | -€792 | -0.9% |
| Financial income | 75/76B | €70,661 | €69,531 | -€1,130 | -1.6% |
| Recurring financial income | 75 | €70,661 | €69,531 | -€1,130 | -1.6% |
| Financial charges | 65/66B | €146,145 | €136,594 | -€9,551 | -6.5% |
| Recurring financial charges | 65 | €146,145 | €136,594 | -€9,551 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €8,178 | €15,807 | +€7,629 | +93.3% |
| Profit (loss) for the period | 9904 | €8,178 | €15,807 | +€7,629 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,178 | €15,807 | +€7,629 | +93.3% |
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 1 October 2026 via checked.be.