KAUFFMAN - GAZ: 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
KAUFFMAN - GAZ
NACE 47.781, Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,969
2024 · -€6,658+€689
Equity
€777,024
2024 · €882,993-€105,969
Cash
€652,179
2024 · €739,103-€86,924
Balance sheet total
€3.0m
2024 · €3.2m-€116,763
Largest movements
Assets
- Receivables within one year -€133,050
down €133,050 (-12.4%), from €1.1m to €940,331
of which Trade receivables: -€114,876
- Stocks and contracts +€88,990
up €88,990 (+16.2%), from €547,820 to €636,810
- Cash -€86,924
down €86,924 (-11.8%), from €739,103 to €652,179
mainly Trade debts (-€100,410) and Contributions, distributions and other (-€100,000)
Equity and liabilities
- Profit (loss) carried forward -€105,969
down €105,969 (-41.6%), from €254,564 to €148,595
- Trade debts -€100,410
down €100,410 (-8.3%), from €1.2m to €1.1m
- Short-term financial debts +€34,801
up €34,801 (+44.2%), from €78,732 to €113,532
Income statement
- Staff costs +€21,333
up €21,333 (+1.5%), from €1.4m to €1.4m
- Gross operating margin -€21,072
down €21,072 (-1.4%), from €1.5m to €1.5m
- Other operating charges -€16,311
down €16,311 (-38.7%), from €42,185 to €25,874
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
-€6,658
Gross operating margin
-€21,072
Staff costs
-€21,333
Depreciation
+€13,072
Write-downs
+€8,543
Other operating charges
+€16,311
Financial income
+€2,010
Financial charges
+€3,190
Taxes
-€32
Result 2025
-€5,969
raises the resultlowers the result
Derived cash bridge
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
+€26,471
Investment
-€63,990
Financing
-€49,405
Cash 2024
€739,103
From operations (derived)
+€26,471
Net result for the year
-€5,969
Depreciation
+€43,210
Stocks and contracts
-€88,990
Receivables within one year
+€133,050
Deferred charges and accrued income
+€6,559
Trade debts
-€100,410
Tax, wage and social debts
+€28,993
Other debts
+€12,841
Accrued charges and deferred income
-€2,814
Investment (derived)
-€63,990
Investment in fixed assets (net)
-€63,990
Financing
-€49,405
Debts after one year
-€337
Current portion of long-term debt
+€16,131
Short-term financial debts
+€34,801
Contributions, distributions and other
-€100,000
Cash 2025
€652,179
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,153,599 | €3,036,835 | -€116,763 | -3.7% |
| Fixed assets | 21/28 | €763,738 | €784,518 | +€20,780 | +2.7% |
| Tangible fixed assets | 22/27 | €762,931 | €783,710 | +€20,780 | +2.7% |
| Land and buildings | 22 | €686,977 | €684,985 | -€1,992 | -0.3% |
| Plant, machinery and equipment | 23 | €29,204 | €22,238 | -€6,966 | -23.9% |
| Furniture and vehicles | 24 | €46,749 | €72,646 | +€25,897 | +55.4% |
| Other tangible fixed assets | 26 | - | €3,841 | +€3,841 | |
| Financial fixed assets | 28 | €807 | €807 | = | 0.0% |
| Current assets | 29/58 | €2,389,861 | €2,252,318 | -€137,543 | -5.8% |
| Stocks and contracts in progress | 3 | €547,820 | €636,810 | +€88,990 | +16.2% |
| Stocks | 30/36 | €547,820 | €636,810 | +€88,990 | +16.2% |
| Amounts receivable within one year | 40/41 | €1,073,381 | €940,331 | -€133,050 | -12.4% |
| Trade receivables | 40 | €1,038,419 | €923,543 | -€114,876 | -11.1% |
| Other amounts receivable | 41 | €34,962 | €16,788 | -€18,174 | -52.0% |
| Cash at bank and in hand | 54/58 | €739,103 | €652,179 | -€86,924 | -11.8% |
| Deferred charges and accrued income | 490/1 | €29,557 | €22,998 | -€6,559 | -22.2% |
| Total equity and liabilities | 10/49 | €3,153,599 | €3,036,835 | -€116,763 | -3.7% |
| Equity | 10/15 | €882,993 | €777,024 | -€105,969 | -12.0% |
| Contributions | 10/11 | €296,357 | €296,357 | = | 0.0% |
| Capital | 10 | €296,357 | €296,357 | = | 0.0% |
| Issued capital | 100 | €296,357 | €296,357 | = | 0.0% |
| Revaluation surpluses | 12 | €302,437 | €302,437 | = | 0.0% |
| Reserves | 13 | €29,636 | €29,636 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,636 | €29,636 | = | 0.0% |
| Legal reserve | 130 | €29,636 | €29,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,564 | €148,595 | -€105,969 | -41.6% |
| Amounts payable | 17/49 | €2,270,605 | €2,259,811 | -€10,794 | -0.5% |
| Amounts payable after more than one year | 17 | €150,366 | €150,029 | -€337 | -0.2% |
| Financial debts | 170/4 | €150,366 | €150,029 | -€337 | -0.2% |
| Amounts payable within one year | 42/48 | €2,113,409 | €2,105,765 | -€7,644 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €22,342 | €38,473 | +€16,131 | +72.2% |
| Financial debts | 43 | €78,732 | €113,532 | +€34,801 | +44.2% |
| Other loans | 439 | €78,732 | €113,532 | +€34,801 | +44.2% |
| Trade debts | 44 | €1,211,159 | €1,110,749 | -€100,410 | -8.3% |
| Suppliers | 440/4 | €1,211,159 | €1,110,749 | -€100,410 | -8.3% |
| Taxes, remuneration and social security | 45 | €202,928 | €231,920 | +€28,993 | +14.3% |
| Taxes | 450/3 | €50,212 | €34,892 | -€15,320 | -30.5% |
| Remuneration and social security | 454/9 | €152,716 | €197,028 | +€44,312 | +29.0% |
| Other amounts payable | 47/48 | €598,249 | €611,091 | +€12,841 | +2.1% |
| Accrued charges and deferred income | 492/3 | €6,831 | €4,017 | -€2,814 | -41.2% |
| Remuneration, social security and pensions | 62 | €1,382,092 | €1,403,426 | +€21,333 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,282 | €43,210 | -€13,072 | -23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,543 | - | -€8,543 | |
| Other operating charges | 640/8 | €42,185 | €25,874 | -€16,311 | -38.7% |
| Gross operating margin | 9900 | €1,512,780 | €1,491,708 | -€21,072 | -1.4% |
| Operating profit (loss) | 9901 | €23,677 | €19,198 | -€4,480 | -18.9% |
| Financial income | 75/76B | €786 | €2,796 | +€2,010 | +256% |
| Recurring financial income | 75 | €786 | €2,796 | +€2,010 | +256% |
| Financial charges | 65/66B | €25,008 | €21,817 | -€3,190 | -12.8% |
| Recurring financial charges | 65 | €25,008 | €21,817 | -€3,190 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€544 | €177 | +€721 | |
| Income taxes | 67/77 | €6,113 | €6,146 | +€32 | +0.5% |
| Profit (loss) for the period | 9904 | -€6,658 | -€5,969 | +€689 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,658 | -€5,969 | +€689 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.