GULLU-CAR & CO: what changed
What changed
GULLU-CAR & CO
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€25,969
2024 · -€10,372+€36,341
Equity
€30,597
2024 · €4,628+€25,969
Cash
€18,059
2024 · -+€18,059
Balance sheet total
€304,477
2024 · €72,353+€232,124
Largest movements
Assets
- Tangible fixed assets +€128,596
up €128,596 (+2,491%), from €5,161 to €133,758
of which Land and buildings: +€115,063
- Stocks and contracts +€81,535
up €81,535 (+159%), from €51,300 to €132,835
- Cash +€18,059
new in 2025: €18,059
mainly Debts after one year (+€98,893) and Other debts (+€83,037)
Equity and liabilities
- Debts after one year +€98,893
new in 2025: €98,893
of which Financial debts: +€93,893
- Other debts +€83,037
up €83,037 (+1,471%), from €5,643 to €88,680
- Profit (loss) carried forward +€25,969
up €25,969, from -€10,372 to €15,597
- Short-term financial debts +€14,427
up €14,427 (+24.6%), from €58,761 to €73,187
- Current portion of long-term debt +€5,249
new in 2025: €5,249
Income statement
- Gross operating margin +€49,464
up €49,464, from -€1,625 to €47,839
- Taxes +€4,721
new in 2025: €4,721
- Depreciation +€4,277
up €4,277 (+64.0%), from €6,679 to €10,955
- Financial charges +€3,656
up €3,656 (+331%), from €1,104 to €4,760
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
-€10,372
Gross operating margin
+€49,464
Depreciation
-€4,277
Other operating charges
-€471
Financial income
+€0
Financial charges
-€3,656
Taxes
-€4,721
Result 2025
€25,969
raises the resultlowers the result
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
+€38,701
Investment
-€139,211
Financing
+€118,569
Cash 2024
€0
From operations (derived)
+€38,701
Net result for the year
+€25,969
Depreciation
+€10,955
Stocks and contracts
-€81,535
Receivables within one year
-€2,958
Deferred charges and accrued income
-€1,316
Trade debts
+€670
Tax, wage and social debts
+€4,703
Other debts
+€83,037
Accrued charges and deferred income
-€824
Investment (derived)
-€139,211
Investment in fixed assets (net)
-€139,211
Financing
+€118,569
Debts after one year
+€98,893
Current portion of long-term debt
+€5,249
Short-term financial debts
+€14,427
Cash 2025
€18,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,353 | €304,477 | +€232,124 | +321% |
| Fixed assets | 21/28 | €14,738 | €142,994 | +€128,256 | +870% |
| Intangible fixed assets | 21 | €9,576 | €9,236 | -€340 | -3.6% |
| Tangible fixed assets | 22/27 | €5,161 | €133,758 | +€128,596 | +2,491% |
| Land and buildings | 22 | - | €115,063 | +€115,063 | |
| Plant, machinery and equipment | 23 | - | €725 | +€725 | |
| Furniture and vehicles | 24 | €5,161 | €17,970 | +€12,809 | +248% |
| Current assets | 29/58 | €57,615 | €161,483 | +€103,868 | +180% |
| Stocks and contracts in progress | 3 | €51,300 | €132,835 | +€81,535 | +159% |
| Stocks | 30/36 | €51,300 | €132,835 | +€81,535 | +159% |
| Amounts receivable within one year | 40/41 | €4,431 | €7,389 | +€2,958 | +66.8% |
| Trade receivables | 40 | €4,431 | €6,823 | +€2,392 | +54.0% |
| Other amounts receivable | 41 | - | €566 | +€566 | |
| Cash at bank and in hand | 54/58 | - | €18,059 | +€18,059 | |
| Deferred charges and accrued income | 490/1 | €1,884 | €3,201 | +€1,316 | +69.9% |
| Total equity and liabilities | 10/49 | €72,353 | €304,477 | +€232,124 | +321% |
| Equity | 10/15 | €4,628 | €30,597 | +€25,969 | +561% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,372 | €15,597 | +€25,969 | |
| Amounts payable | 17/49 | €67,725 | €273,880 | +€206,155 | +304% |
| Amounts payable after more than one year | 17 | - | €98,893 | +€98,893 | |
| Financial debts | 170/4 | - | €93,893 | +€93,893 | |
| Other amounts payable | 178/9 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €66,902 | €174,988 | +€108,086 | +162% |
| Current portion of amounts payable after more than one year | 42 | - | €5,249 | +€5,249 | |
| Financial debts | 43 | €58,761 | €73,187 | +€14,427 | +24.6% |
| Credit institutions | 430/8 | €58,761 | €73,187 | +€14,427 | +24.6% |
| Trade debts | 44 | €2,480 | €3,150 | +€670 | +27.0% |
| Suppliers | 440/4 | €2,480 | €3,150 | +€670 | +27.0% |
| Taxes, remuneration and social security | 45 | €18 | €4,721 | +€4,703 | +26,421% |
| Taxes | 450/3 | €18 | €4,721 | +€4,703 | +26,421% |
| Other amounts payable | 47/48 | €5,643 | €88,680 | +€83,037 | +1,471% |
| Accrued charges and deferred income | 492/3 | €824 | - | -€824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,679 | €10,955 | +€4,277 | +64.0% |
| Other operating charges | 640/8 | €964 | €1,434 | +€471 | +48.8% |
| Gross operating margin | 9900 | -€1,625 | €47,839 | +€49,464 | |
| Operating profit (loss) | 9901 | -€9,268 | €35,450 | +€44,717 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,104 | €4,760 | +€3,656 | +331% |
| Recurring financial charges | 65 | €1,104 | €4,760 | +€3,656 | +331% |
| Profit (loss) for the period before taxes | 9903 | -€10,372 | €30,690 | +€41,061 | |
| Income taxes | 67/77 | - | €4,721 | +€4,721 | |
| Profit (loss) for the period | 9904 | -€10,372 | €25,969 | +€36,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,372 | €25,969 | +€36,341 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.