GOBREL: 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
GOBREL
NACE 47.551, Retail sale of household furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€589,644
2024 · €54,749+€534,895
Equity
€949,214
2024 · €359,570+€589,644
Cash
€500,626
2024 · €789,450-€288,824
Balance sheet total
€13.2m
2024 · €15.6m-€2.3m
Largest movements
Assets
- Receivables within one year -€1.9m
down €1.9m (-15.4%), from €12.1m to €10.2m
of which Other amounts receivable: -€1.9m
- Cash -€288,824
down €288,824 (-36.6%), from €789,450 to €500,626
mainly Trade debts (-€1.3m) and Short-term financial debts (-€1.0m)
- Tangible fixed assets -€194,308
down €194,308 (-18.9%), from €1.0m to €834,873
of which Plant, machinery and equipment: -€188,432
Equity and liabilities
- Trade debts -€1.3m
down €1.3m (-31.9%), from €4.1m to €2.8m
- Short-term financial debts -€1.0m
down €1.0m (-22.3%), from €4.5m to €3.5m
- Debts after one year -€659,702
down €659,702 (-69.2%), from €953,395 to €293,693
- Profit (loss) carried forward +€570,081
up €570,081, from -€570,081 to €0
- Advances received +€239,379
up €239,379 (+2468.6%), from €9,697 to €249,076
Income statement
- Goods and materials -€834,249
down €834,249 (-17.5%), from €4.8m to €3.9m
of which Purchases: -€873,988
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
€54,749
Turnover
+€4,022
Other operating income
-€42,936
Goods and materials
+€834,249
Services and other goods
-€20,837
Staff costs
-€73,360
Depreciation
-€44,431
Write-downs
-€34,281
Provisions
-€71,252
Other operating charges
-€80,287
Other operating items
-€6,532
Financial income
-€57,502
Financial charges
+€128,042
Result 2025
€589,644
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
+€1.7m
Investment
-€203,723
Financing
-€1.8m
Cash 2024
€789,450
From operations (derived)
+€1.7m
Net result for the year
+€589,644
Depreciation
+€353,053
Stocks and contracts
+€36,266
Receivables within one year
+€1.9m
Smaller working-capital items
-€3,858
Provisions
+€94,150
Trade debts
-€1.3m
Tax, wage and social debts
-€174,260
Advances received
+€239,379
Investment (derived)
-€203,723
Investment in fixed assets (net)
-€203,723
Financing
-€1.8m
Debts after one year
-€659,702
Current portion of long-term debt
-€111,384
Short-term financial debts
-€1.0m
Cash 2025
€500,626
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,586,712 | €13,249,736 | -€2.3m | -15.0% |
| Fixed assets | 21/28 | €1,154,846 | €1,005,516 | -€149,330 | -12.9% |
| Tangible fixed assets | 22/27 | €1,029,181 | €834,873 | -€194,308 | -18.9% |
| Land and buildings | 22 | €407,806 | €424,340 | +€16,534 | +4.1% |
| Plant, machinery and equipment | 23 | €583,647 | €395,215 | -€188,432 | -32.3% |
| Furniture and vehicles | 24 | €37,728 | €15,318 | -€22,410 | -59.4% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €125,665 | €170,643 | +€44,978 | +35.8% |
| Other financial fixed assets | 284/8 | €125,665 | €170,643 | +€44,978 | +35.8% |
| Amounts receivable and cash guarantees | 285/8 | €125,665 | €170,643 | +€44,978 | +35.8% |
| Current assets | 29/58 | €14,431,866 | €12,244,220 | -€2.2m | -15.2% |
| Stocks and contracts in progress | 3 | €1,529,686 | €1,493,420 | -€36,266 | -2.4% |
| Stocks | 30/36 | €1,529,686 | €1,493,420 | -€36,266 | -2.4% |
| Goods purchased for resale | 34 | €1,529,686 | €1,493,420 | -€36,266 | -2.4% |
| Amounts receivable within one year | 40/41 | €12,112,673 | €10,249,379 | -€1.9m | -15.4% |
| Trade receivables | 40 | €295,492 | €356,160 | +€60,668 | +20.5% |
| Other amounts receivable | 41 | €11,817,181 | €9,893,219 | -€1.9m | -16.3% |
| Cash at bank and in hand | 54/58 | €789,450 | €500,626 | -€288,824 | -36.6% |
| Deferred charges and accrued income | 490/1 | €57 | €795 | +€738 | +1294.7% |
| Total equity and liabilities | 10/49 | €15,586,712 | €13,249,736 | -€2.3m | -15.0% |
| Equity | 10/15 | €359,570 | €949,214 | +€589,644 | +164.0% |
| Contributions | 10/11 | €177,766 | €177,766 | = | 0.0% |
| Capital | 10 | €164,000 | €164,000 | = | 0.0% |
| Issued capital | 100 | €164,000 | €164,000 | = | 0.0% |
| Outside capital | 11 | €13,766 | €13,766 | = | 0.0% |
| Share premium | 1100/10 | €13,766 | €13,766 | = | 0.0% |
| Reserves | 13 | €751,885 | €771,448 | +€19,563 | +2.6% |
| Non-distributable reserves | 130/1 | €16,400 | €16,400 | = | 0.0% |
| Legal reserve | 130 | €16,400 | €16,400 | = | 0.0% |
| Distributable reserves | 133 | €735,485 | €755,048 | +€19,563 | +2.7% |
| Profit (loss) carried forward | 14 | -€570,081 | €0 | +€570,081 | |
| Provisions and deferred taxes | 16 | €17,632 | €111,782 | +€94,150 | +534.0% |
| Provisions for liabilities and charges | 160/5 | €17,632 | €111,782 | +€94,150 | +534.0% |
| Other liabilities and charges | 164/5 | €17,632 | €111,782 | +€94,150 | +534.0% |
| Amounts payable | 17/49 | €15,209,510 | €12,188,740 | -€3.0m | -19.9% |
| Amounts payable after more than one year | 17 | €953,395 | €293,693 | -€659,702 | -69.2% |
| Financial debts | 170/4 | €953,395 | €293,693 | -€659,702 | -69.2% |
| Credit institutions | 173 | €953,395 | €293,693 | -€659,702 | -69.2% |
| Amounts payable within one year | 42/48 | €14,252,995 | €11,895,047 | -€2.4m | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €771,066 | €659,682 | -€111,384 | -14.4% |
| Financial debts | 43 | €4,491,850 | €3,491,850 | -€1.0m | -22.3% |
| Credit institutions | 430/8 | €4,491,850 | €3,491,850 | -€1.0m | -22.3% |
| Trade debts | 44 | €4,106,196 | €2,794,513 | -€1.3m | -31.9% |
| Suppliers | 440/4 | €4,106,196 | €2,794,513 | -€1.3m | -31.9% |
| Advances received on contracts in progress | 46 | €9,697 | €249,076 | +€239,379 | +2468.6% |
| Taxes, remuneration and social security | 45 | €720,661 | €546,401 | -€174,260 | -24.2% |
| Taxes | 450/3 | €196,320 | €243,114 | +€46,794 | +23.8% |
| Remuneration and social security | 454/9 | €524,341 | €303,287 | -€221,054 | -42.2% |
| Other amounts payable | 47/48 | €4,153,525 | €4,153,525 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,120 | €0 | -€3,120 | -100.0% |
| Operating income | 70/76A | €15,822,696 | €15,760,452 | -€62,244 | -0.4% |
| Turnover | 70 | €15,532,660 | €15,536,682 | +€4,022 | 0.0% |
| Other operating income | 74 | €79,959 | €37,023 | -€42,936 | -53.7% |
| Non-recurring operating income | 76A | €210,077 | €186,747 | -€23,330 | -11.1% |
| Operating charges | 60/66A | €15,605,189 | €15,078,590 | -€526,599 | -3.4% |
| Goods for resale, raw materials and consumables | 60 | €4,778,540 | €3,944,291 | -€834,249 | -17.5% |
| Purchases | 600/8 | €4,809,199 | €3,935,211 | -€873,988 | -18.2% |
| Change in stocks: decrease (increase) | 609 | -€30,659 | €9,080 | +€39,739 | |
| Services and other goods | 61 | €6,554,619 | €6,575,456 | +€20,837 | +0.3% |
| Remuneration, social security and pensions | 62 | €3,580,937 | €3,654,297 | +€73,360 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,622 | €353,053 | +€44,431 | +14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,385 | €26,896 | +€34,281 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €71,252 | +€71,252 | |
| Other operating charges | 640/8 | €302,610 | €382,897 | +€80,287 | +26.5% |
| Non-recurring operating charges | 66A | €87,246 | €70,448 | -€16,798 | -19.3% |
| Operating profit (loss) | 9901 | €217,507 | €681,862 | +€464,355 | +213.5% |
| Financial income | 75/76B | €219,365 | €161,863 | -€57,502 | -26.2% |
| Recurring financial income | 75 | €219,365 | €161,863 | -€57,502 | -26.2% |
| Income from financial fixed assets | 750 | €6 | €10 | +€4 | +66.7% |
| Other financial income | 752/9 | €219,359 | €161,853 | -€57,506 | -26.2% |
| Financial charges | 65/66B | €382,123 | €254,081 | -€128,042 | -33.5% |
| Recurring financial charges | 65 | €382,123 | €254,081 | -€128,042 | -33.5% |
| Debt charges | 650 | €380,691 | €249,800 | -€130,891 | -34.4% |
| Other financial charges | 652/9 | €1,432 | €4,281 | +€2,849 | +199.0% |
| Profit (loss) for the period before taxes | 9903 | €54,749 | €589,644 | +€534,895 | +977.0% |
| Profit (loss) for the period | 9904 | €54,749 | €589,644 | +€534,895 | +977.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,749 | €589,644 | +€534,895 | +977.0% |
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 29 September 2026 via checked.be.