GURLOVE: what changed
What changed
GURLOVE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€7,613
2024 · €6,232+€1,381
Equity
€21,603
2024 · €26,115-€4,512
Cash
€3,170
2024 · €3,507-€337
Balance sheet total
€31,195
2024 · €37,461-€6,266
Largest movements
Assets
- Receivables within one year -€4,396
down €4,396 (-70.6%), from €6,227 to €1,832
of which Other amounts receivable: -€5,122
- Tangible fixed assets -€2,481
down €2,481 (-15.9%), from €15,595 to €13,114
- Deferred charges and accrued income +€1,023
up €1,023 (+5,974%), from €17 to €1,040
Equity and liabilities
- Reserves -€4,512
down €4,512 (-24.9%), from €18,115 to €13,603
- Other debts -€1,718
no longer reported in 2025 (was €1,718)
Income statement
- Gross operating margin -€4,568
down €4,568 (-21.0%), from €21,777 to €17,209
- Depreciation -€4,000
down €4,000 (-48.9%), from €8,182 to €4,181
- Other operating charges -€1,882
down €1,882 (-50.8%), from €3,704 to €1,823
- Taxes +€535
up €535 (+20.3%), from €2,639 to €3,174
- Financial income +€423
up €423 (+3,417%), from €12 to €436
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
€6,232
Gross operating margin
-€4,568
Depreciation
+€4,000
Other operating charges
+€1,882
Financial income
+€423
Financial charges
+€177
Taxes
-€535
Result 2025
€7,613
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
+€13,488
Investment
-€1,701
Financing
-€12,125
Cash 2024
€3,507
From operations (derived)
+€13,488
Net result for the year
+€7,613
Depreciation
+€4,181
Stocks and contracts
+€75
Receivables within one year
+€4,396
Deferred charges and accrued income
-€1,023
Trade debts
+€94
Tax, wage and social debts
-€130
Other debts
-€1,718
Investment (derived)
-€1,701
Investment in fixed assets (net)
-€1,701
Financing
-€12,125
Contributions, distributions and other
-€12,125
Cash 2025
€3,170
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,461 | €31,195 | -€6,266 | -16.7% |
| Fixed assets | 21/28 | €16,269 | €13,789 | -€2,481 | -15.2% |
| Tangible fixed assets | 22/27 | €15,595 | €13,114 | -€2,481 | -15.9% |
| Land and buildings | 22 | €6,059 | €5,215 | -€844 | -13.9% |
| Plant, machinery and equipment | 23 | €1,665 | €1,386 | -€279 | -16.8% |
| Furniture and vehicles | 24 | €2,273 | €2,119 | -€153 | -6.7% |
| Other tangible fixed assets | 26 | €5,598 | €4,394 | -€1,204 | -21.5% |
| Financial fixed assets | 28 | €674 | €674 | = | 0.0% |
| Current assets | 29/58 | €21,192 | €17,406 | -€3,786 | -17.9% |
| Stocks and contracts in progress | 3 | €11,440 | €11,365 | -€75 | -0.7% |
| Stocks | 30/36 | €11,440 | €11,365 | -€75 | -0.7% |
| Amounts receivable within one year | 40/41 | €6,227 | €1,832 | -€4,396 | -70.6% |
| Trade receivables | 40 | - | €726 | +€726 | |
| Other amounts receivable | 41 | €6,227 | €1,106 | -€5,122 | -82.2% |
| Cash at bank and in hand | 54/58 | €3,507 | €3,170 | -€337 | -9.6% |
| Deferred charges and accrued income | 490/1 | €17 | €1,040 | +€1,023 | +5,974% |
| Total equity and liabilities | 10/49 | €37,461 | €31,195 | -€6,266 | -16.7% |
| Equity | 10/15 | €26,115 | €21,603 | -€4,512 | -17.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €18,115 | €13,603 | -€4,512 | -24.9% |
| Distributable reserves | 133 | €18,115 | €13,603 | -€4,512 | -24.9% |
| Amounts payable | 17/49 | €11,346 | €9,592 | -€1,754 | -15.5% |
| Amounts payable within one year | 42/48 | €11,346 | €9,592 | -€1,754 | -15.5% |
| Trade debts | 44 | €1,867 | €1,962 | +€94 | +5.0% |
| Suppliers | 440/4 | €1,867 | €1,962 | +€94 | +5.0% |
| Taxes, remuneration and social security | 45 | €7,760 | €7,630 | -€130 | -1.7% |
| Taxes | 450/3 | €7,760 | €7,630 | -€130 | -1.7% |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,182 | €4,181 | -€4,000 | -48.9% |
| Other operating charges | 640/8 | €3,704 | €1,823 | -€1,882 | -50.8% |
| Gross operating margin | 9900 | €21,777 | €17,209 | -€4,568 | -21.0% |
| Operating profit (loss) | 9901 | €9,891 | €11,205 | +€1,315 | +13.3% |
| Financial income | 75/76B | €12 | €436 | +€423 | +3,417% |
| Recurring financial income | 75 | €12 | €436 | +€423 | +3,417% |
| Financial charges | 65/66B | €1,031 | €854 | -€177 | -17.2% |
| Recurring financial charges | 65 | €1,031 | €854 | -€177 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €8,872 | €10,787 | +€1,915 | +21.6% |
| Income taxes | 67/77 | €2,639 | €3,174 | +€535 | +20.3% |
| Profit (loss) for the period | 9904 | €6,232 | €7,613 | +€1,381 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,232 | €7,613 | +€1,381 | +22.2% |
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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 1 November 2026 via checked.be.