GABRIEL: 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
GABRIEL
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€221,956
2024 · €193,045+€28,911
Equity
€4.8m
2024 · €4.6m+€215,269
Cash
€678,838
2024 · €360,894+€317,944
Balance sheet total
€7.2m
2024 · €6.3m+€832,679
Largest movements
Assets
- Receivables within one year +€355,901
up €355,901 (+20.2%), from €1.8m to €2.1m
of which Trade receivables: +€402,715
- Cash +€317,944
up €317,944 (+88.1%), from €360,894 to €678,838
mainly Trade debts (+€506,884) and Net result for the year (+€221,956)
- Tangible fixed assets +€107,627
up €107,627 (+6.5%), from €1.6m to €1.8m
of which Assets under construction and advance payments: +€114,994
- Stocks and contracts +€73,801
up €73,801 (+3.2%), from €2.3m to €2.4m
Equity and liabilities
- Trade debts +€506,884
up €506,884 (+64.4%), from €787,425 to €1.3m
- Profit (loss) carried forward +€221,956
up €221,956 (+8.0%), from €2.8m to €3.0m
- Tax, wage and social debts +€87,217
up €87,217 (+25.9%), from €336,649 to €423,866
of which Taxes: +€48,146
Income statement
- Turnover +€1.3m
up €1.3m (+9.7%), from €13.8m to €15.1m
- Staff costs +€436,172
up €436,172 (+21.7%), from €2.0m to €2.4m
- Goods and materials +€394,787
up €394,787 (+4.1%), from €9.7m to €10.1m
of which Purchases: +€1.3m
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
€193,045
Turnover
+€1.3m
Other operating income
+€9,950
Goods and materials
-€394,787
Services and other goods
+€78,631
Staff costs
-€436,172
Depreciation
-€2,869
Write-downs
-€2,983
Other operating charges
+€876
Other operating items
-€498,239
Financial income
-€16,329
Financial charges
+€15,583
Taxes
-€63,347
Result 2025
€221,956
raises the resultlowers the resultnot broken down further in the accounts
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
+€636,953
Investment
-€294,104
Financing
-€24,905
Cash 2024
€360,894
From operations (derived)
+€636,953
Net result for the year
+€221,956
Depreciation
+€183,787
Stocks and contracts
-€73,801
Receivables within one year
-€355,901
Deferred charges and accrued income
+€25,284
Trade debts
+€506,884
Tax, wage and social debts
+€87,217
Accrued charges and deferred income
+€41,527
Investment (derived)
-€294,104
Investment in fixed assets (net)
-€294,104
Financing
-€24,905
Debts after one year
-€4,708
Current portion of long-term debt
-€13,509
Contributions, distributions and other
-€6,687
Cash 2025
€678,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,328,545 | €7,161,224 | +€832,679 | +13.2% |
| Fixed assets | 21/28 | €1,675,740 | €1,786,057 | +€110,317 | +6.6% |
| Intangible fixed assets | 21 | €227 | €2,917 | +€2,690 | +1,184% |
| Tangible fixed assets | 22/27 | €1,647,183 | €1,754,810 | +€107,627 | +6.5% |
| Land and buildings | 22 | €849,101 | €841,161 | -€7,940 | -0.9% |
| Plant, machinery and equipment | 23 | €767,750 | €769,650 | +€1,900 | +0.2% |
| Furniture and vehicles | 24 | €30,332 | €29,005 | -€1,327 | -4.4% |
| Assets under construction and advance payments | 27 | - | €114,994 | +€114,994 | |
| Financial fixed assets | 28 | €28,330 | €28,330 | = | 0.0% |
| Other financial fixed assets | 284/8 | €28,330 | €28,330 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €28,330 | €28,330 | = | 0.0% |
| Current assets | 29/58 | €4,652,805 | €5,375,167 | +€722,362 | +15.5% |
| Stocks and contracts in progress | 3 | €2,315,899 | €2,389,700 | +€73,801 | +3.2% |
| Stocks | 30/36 | €2,315,899 | €2,389,700 | +€73,801 | +3.2% |
| Raw materials and consumables | 30/31 | €1,644,035 | €1,883,633 | +€239,598 | +14.6% |
| Work in progress | 32 | €165,798 | €99,975 | -€65,823 | -39.7% |
| Finished goods | 33 | €506,066 | €406,092 | -€99,974 | -19.8% |
| Amounts receivable within one year | 40/41 | €1,765,460 | €2,121,361 | +€355,901 | +20.2% |
| Trade receivables | 40 | €1,703,348 | €2,106,063 | +€402,715 | +23.6% |
| Other amounts receivable | 41 | €62,112 | €15,298 | -€46,814 | -75.4% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €360,894 | €678,838 | +€317,944 | +88.1% |
| Deferred charges and accrued income | 490/1 | €210,552 | €185,268 | -€25,284 | -12.0% |
| Total equity and liabilities | 10/49 | €6,328,545 | €7,161,224 | +€832,679 | +13.2% |
| Equity | 10/15 | €4,590,895 | €4,806,164 | +€215,269 | +4.7% |
| Contributions | 10/11 | €1,422,800 | €1,422,800 | = | 0.0% |
| Revaluation surpluses | 12 | €68,393 | €68,393 | -€0 | 0.0% |
| Reserves | 13 | €243,232 | €243,232 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €29,900 | €29,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,900 | €29,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €87,032 | €87,032 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €2,779,221 | €3,001,177 | +€221,956 | +8.0% |
| Investment grants | 15 | €77,249 | €70,562 | -€6,687 | -8.7% |
| Amounts payable | 17/49 | €1,737,649 | €2,355,060 | +€617,411 | +35.5% |
| Amounts payable after more than one year | 17 | €347,583 | €342,875 | -€4,708 | -1.4% |
| Financial debts | 170/4 | €347,583 | €342,875 | -€4,708 | -1.4% |
| Credit institutions | 173 | €281,683 | €342,875 | +€61,192 | +21.7% |
| Other loans | 174 | €65,900 | - | -€65,900 | |
| Amounts payable within one year | 42/48 | €1,328,023 | €1,908,615 | +€580,592 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €203,949 | €190,440 | -€13,509 | -6.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €787,425 | €1,294,309 | +€506,884 | +64.4% |
| Suppliers | 440/4 | €787,425 | €1,294,309 | +€506,884 | +64.4% |
| Taxes, remuneration and social security | 45 | €336,649 | €423,866 | +€87,217 | +25.9% |
| Taxes | 450/3 | €44,141 | €92,287 | +€48,146 | +109% |
| Remuneration and social security | 454/9 | €292,509 | €331,579 | +€39,070 | +13.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €62,043 | €103,570 | +€41,527 | +66.9% |
| Operating income | 70/76A | €14,152,898 | €14,948,458 | +€795,560 | +5.6% |
| Turnover | 70 | €13,755,463 | €15,094,061 | +€1.3m | +9.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €294,781 | -€168,108 | -€462,889 | |
| Other operating income | 74 | €11,902 | €21,852 | +€9,950 | +83.6% |
| Non-recurring operating income | 76A | €90,752 | €653 | -€90,100 | -99.3% |
| Operating charges | 60/66A | €13,870,778 | €14,573,333 | +€702,555 | +5.1% |
| Goods for resale, raw materials and consumables | 60 | €9,684,334 | €10,079,121 | +€394,787 | +4.1% |
| Purchases | 600/8 | €9,029,336 | €10,279,974 | +€1.3m | +13.9% |
| Change in stocks: decrease (increase) | 609 | €654,998 | -€200,853 | -€855,851 | |
| Services and other goods | 61 | €1,927,972 | €1,849,341 | -€78,631 | -4.1% |
| Remuneration, social security and pensions | 62 | €2,010,603 | €2,446,775 | +€436,172 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,918 | €183,787 | +€2,869 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,040 | -€41,057 | +€2,983 | +6.8% |
| Other operating charges | 640/8 | €55,991 | €55,115 | -€876 | -1.6% |
| Non-recurring operating charges | 66A | €55,000 | €250 | -€54,750 | -99.5% |
| Operating profit (loss) | 9901 | €282,120 | €375,125 | +€93,005 | +33.0% |
| Financial income | 75/76B | €26,185 | €9,856 | -€16,329 | -62.4% |
| Recurring financial income | 75 | €26,185 | €9,856 | -€16,329 | -62.4% |
| Income from current assets | 751 | €7,064 | - | -€7,064 | |
| Other financial income | 752/9 | €19,121 | €9,856 | -€9,265 | -48.5% |
| Financial charges | 65/66B | €60,501 | €44,918 | -€15,583 | -25.8% |
| Recurring financial charges | 65 | €60,501 | €44,918 | -€15,583 | -25.8% |
| Debt charges | 650 | €27,015 | €12,362 | -€14,653 | -54.2% |
| Other financial charges | 652/9 | €33,486 | €32,556 | -€930 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €247,804 | €340,063 | +€92,259 | +37.2% |
| Income taxes | 67/77 | €54,760 | €118,107 | +€63,347 | +116% |
| Taxes | 670/3 | €54,760 | €118,107 | +€63,347 | +116% |
| Profit (loss) for the period | 9904 | €193,045 | €221,956 | +€28,911 | +15.0% |
| Transfer to tax-exempt reserves | 689 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,745 | €221,956 | +€155,211 | +233% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.