WIM GABRIELS: 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.
WIM GABRIELS
Largest movements
- Tangible fixed assets -€418,661
down €418,661 (-21.4%), from €2.0m to €1.5m
of which Furniture and vehicles: -€398,959
- Receivables within one year -€37,104
down €37,104 (-21.4%), from €173,592 to €136,487
of which Trade receivables: -€24,243
- Trade debts -€418,905
down €418,905 (-71.0%), from €589,718 to €170,813
- Reserves -€33,079
down €33,079 (-7.7%), from €427,370 to €394,291
- Gross operating margin -€59,900
down €59,900 (-9.9%), from €604,435 to €544,535
- Staff costs +€17,458
up €17,458 (+5.9%), from €296,383 to €313,842
- Financial charges -€16,922
down €16,922 (-27.2%), from €62,236 to €45,314
- Depreciation +€16,815
up €16,815 (+8.8%), from €190,448 to €207,263
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,146,271 | €1,693,703 | -€452,568 | -21.1% |
| Fixed assets | 21/28 | €1,955,133 | €1,536,472 | -€418,661 | -21.4% |
| Tangible fixed assets | 22/27 | €1,954,394 | €1,535,733 | -€418,661 | -21.4% |
| Land and buildings | 22 | €316,988 | €299,254 | -€17,734 | -5.6% |
| Plant, machinery and equipment | 23 | €8,105 | €6,137 | -€1,968 | -24.3% |
| Furniture and vehicles | 24 | €1,629,302 | €1,230,342 | -€398,959 | -24.5% |
| Financial fixed assets | 28 | €739 | €739 | = | 0.0% |
| Current assets | 29/58 | €191,139 | €157,231 | -€33,907 | -17.7% |
| Amounts receivable within one year | 40/41 | €173,592 | €136,487 | -€37,104 | -21.4% |
| Trade receivables | 40 | €138,035 | €113,792 | -€24,243 | -17.6% |
| Other amounts receivable | 41 | €35,557 | €22,696 | -€12,861 | -36.2% |
| Cash at bank and in hand | 54/58 | €16,309 | €20,387 | +€4,078 | +25.0% |
| Deferred charges and accrued income | 490/1 | €1,238 | €357 | -€881 | -71.1% |
| Total equity and liabilities | 10/49 | €2,146,271 | €1,693,703 | -€452,568 | -21.1% |
| Equity | 10/15 | €445,970 | €412,891 | -€33,079 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,370 | €394,291 | -€33,079 | -7.7% |
| Distributable reserves | 133 | €427,370 | €394,291 | -€33,079 | -7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,700,301 | €1,280,812 | -€419,489 | -24.7% |
| Amounts payable after more than one year | 17 | €888,919 | €886,346 | -€2,573 | -0.3% |
| Financial debts | 170/4 | €888,919 | €886,346 | -€2,573 | -0.3% |
| Amounts payable within one year | 42/48 | €811,382 | €394,466 | -€416,916 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €200,339 | €205,527 | +€5,189 | +2.6% |
| Trade debts | 44 | €589,718 | €170,813 | -€418,905 | -71.0% |
| Suppliers | 440/4 | €589,718 | €170,813 | -€418,905 | -71.0% |
| Taxes, remuneration and social security | 45 | €20,742 | €18,126 | -€2,617 | -12.6% |
| Taxes | 450/3 | €9,484 | €9,496 | +€12 | +0.1% |
| Remuneration and social security | 454/9 | €11,258 | €8,630 | -€2,629 | -23.3% |
| Other amounts payable | 47/48 | €583 | €0 | -€583 | -100% |
| Remuneration, social security and pensions | 62 | €296,383 | €313,842 | +€17,458 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,448 | €207,263 | +€16,815 | +8.8% |
| Other operating charges | 640/8 | €9,612 | €12,019 | +€2,407 | +25.0% |
| Gross operating margin | 9900 | €604,435 | €544,535 | -€59,900 | -9.9% |
| Operating profit (loss) | 9901 | €107,991 | €11,412 | -€96,580 | -89.4% |
| Financial income | 75/76B | €4,960 | €1,155 | -€3,804 | -76.7% |
| Recurring financial income | 75 | €4,960 | €1,155 | -€3,804 | -76.7% |
| Financial charges | 65/66B | €62,236 | €45,314 | -€16,922 | -27.2% |
| Recurring financial charges | 65 | €62,236 | €45,314 | -€16,922 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €50,715 | -€32,747 | -€83,462 | |
| Income taxes | 67/77 | €4,904 | €332 | -€4,572 | -93.2% |
| Profit (loss) for the period | 9904 | €45,811 | -€33,079 | -€78,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,811 | -€33,079 | -€78,890 |
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 29 October 2026 via checked.be.