Librairie Gagnant: what changed
What changed
Librairie Gagnant
NACE 47.621, Retail sale of newspapers and periodicals
filed annual accounts (NBB)
Net result for the year
€91,561
2024 · €81,216+€10,345
Equity
€391,746
2024 · €300,186+€91,561
Cash
€22,407
2024 · €20,100+€2,307
Balance sheet total
€580,017
2024 · €542,266+€37,751
Largest movements
Assets
- Receivables within one year +€42,449
up €42,449 (+937%), from €4,532 to €46,981
Equity and liabilities
- Reserves +€91,561
up €91,561 (+48.7%), from €188,071 to €279,631
of which Distributable reserves: +€91,561
- Debts after one year -€44,158
down €44,158 (-30.4%), from €145,086 to €100,928
- Trade debts -€28,741
down €28,741 (-97.3%), from €29,540 to €799
- Tax, wage and social debts +€16,504
up €16,504 (+304%), from €5,429 to €21,933
of which Taxes: +€20,000
Income statement
- Taxes +€42,639
up €42,639 (+120%), from €35,422 to €78,060
- Staff costs -€26,392
down €26,392 (-58.4%), from €45,182 to €18,790
- Gross operating margin +€20,594
up €20,594 (+10.5%), from €196,099 to €216,694
- Other operating charges +€7,598
new in 2025: €7,598
- Financial charges -€6,416
down €6,416 (-67.5%), from €9,500 to €3,084
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
€81,216
Gross operating margin
+€20,594
Staff costs
+€26,392
Depreciation
+€3,801
Other operating charges
-€7,598
Financial income
+€3,378
Financial charges
+€6,416
Taxes
-€42,639
Result 2025
€91,561
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
+€61,051
Investment
-€18,548
Financing
-€40,196
Cash 2024
€20,100
From operations (derived)
+€61,051
Net result for the year
+€91,561
Depreciation
+€20,991
Stocks and contracts
+€4,562
Receivables within one year
-€42,449
Trade debts
-€28,741
Tax, wage and social debts
+€16,504
Other debts
-€1,377
Investment (derived)
-€18,548
Investment in fixed assets (net)
-€18,548
Financing
-€40,196
Debts after one year
-€44,158
Current portion of long-term debt
+€3,962
Cash 2025
€22,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,266 | €580,017 | +€37,751 | +7.0% |
| Fixed assets | 21/28 | €383,201 | €380,758 | -€2,443 | -0.6% |
| Tangible fixed assets | 22/27 | €383,201 | €380,758 | -€2,443 | -0.6% |
| Land and buildings | 22 | €372,288 | €359,562 | -€12,726 | -3.4% |
| Plant, machinery and equipment | 23 | €10,913 | €6,159 | -€4,754 | -43.6% |
| Furniture and vehicles | 24 | - | €15,037 | +€15,037 | |
| Current assets | 29/58 | €159,065 | €199,258 | +€40,194 | +25.3% |
| Stocks and contracts in progress | 3 | €134,433 | €129,871 | -€4,562 | -3.4% |
| Stocks | 30/36 | €134,433 | €129,871 | -€4,562 | -3.4% |
| Amounts receivable within one year | 40/41 | €4,532 | €46,981 | +€42,449 | +937% |
| Other amounts receivable | 41 | €4,532 | €46,981 | +€42,449 | +937% |
| Cash at bank and in hand | 54/58 | €20,100 | €22,407 | +€2,307 | +11.5% |
| Total equity and liabilities | 10/49 | €542,266 | €580,017 | +€37,751 | +7.0% |
| Equity | 10/15 | €300,186 | €391,746 | +€91,561 | +30.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | €8,000 | = | 0.0% |
| Other | 1109/19 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €188,071 | €279,631 | +€91,561 | +48.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,800 | €43,800 | = | 0.0% |
| Distributable reserves | 133 | €142,271 | €233,831 | +€91,561 | +64.4% |
| Profit (loss) carried forward | 14 | €104,115 | €104,115 | = | 0.0% |
| Amounts payable | 17/49 | €242,080 | €188,270 | -€53,810 | -22.2% |
| Amounts payable after more than one year | 17 | €145,086 | €100,928 | -€44,158 | -30.4% |
| Financial debts | 170/4 | €145,086 | €100,928 | -€44,158 | -30.4% |
| Amounts payable within one year | 42/48 | €96,994 | €87,342 | -€9,652 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €60,648 | €64,611 | +€3,962 | +6.5% |
| Trade debts | 44 | €29,540 | €799 | -€28,741 | -97.3% |
| Suppliers | 440/4 | €29,540 | €799 | -€28,741 | -97.3% |
| Taxes, remuneration and social security | 45 | €5,429 | €21,933 | +€16,504 | +304% |
| Taxes | 450/3 | - | €20,000 | +€20,000 | |
| Remuneration and social security | 454/9 | €5,429 | €1,933 | -€3,496 | -64.4% |
| Other amounts payable | 47/48 | €1,377 | - | -€1,377 | |
| Remuneration, social security and pensions | 62 | €45,182 | €18,790 | -€26,392 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,792 | €20,991 | -€3,801 | -15.3% |
| Other operating charges | 640/8 | - | €7,598 | +€7,598 | |
| Gross operating margin | 9900 | €196,099 | €216,694 | +€20,594 | +10.5% |
| Operating profit (loss) | 9901 | €126,125 | €169,315 | +€43,190 | +34.2% |
| Financial income | 75/76B | €12 | €3,390 | +€3,378 | +28,505% |
| Recurring financial income | 75 | €12 | €3,390 | +€3,378 | +28,505% |
| Financial charges | 65/66B | €9,500 | €3,084 | -€6,416 | -67.5% |
| Recurring financial charges | 65 | €9,500 | €3,084 | -€6,416 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €116,638 | €169,621 | +€52,983 | +45.4% |
| Income taxes | 67/77 | €35,422 | €78,060 | +€42,639 | +120% |
| Profit (loss) for the period | 9904 | €81,216 | €91,561 | +€10,345 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,216 | €91,561 | +€10,345 | +12.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.