ASSURANCES GILSON: 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.
ASSURANCES GILSON
Largest movements
- Tangible fixed assets +€248,259
up €248,259 (+119%), from €209,223 to €457,482
of which Furniture and vehicles: +€257,192
- Receivables within one year +€100,848
up €100,848 (+102%), from €99,018 to €199,866
of which Other amounts receivable: +€78,014
- Intangible fixed assets -€97,397
down €97,397 (-15.8%), from €617,291 to €519,894
- Cash +€76,836
up €76,836 (+36.9%), from €208,226 to €285,061
mainly Net result for the year (+€254,661) and Trade debts (+€213,161)
- Current investments -€51,191
down €51,191 (-51.2%), from €100,000 to €48,809
- Trade debts +€213,161
up €213,161 (+1,097%), from €19,430 to €232,591
- Reserves +€204,000
up €204,000 (+40.3%), from €506,560 to €710,560
- Debts after one year -€137,183
down €137,183 (-23.0%), from €597,206 to €460,023
- Other debts +€33,995
up €33,995 (+38.8%), from €87,670 to €121,665
- Gross operating margin -€65,709
down €65,709 (-6.8%), from €967,315 to €901,606
- Taxes -€22,375
down €22,375 (-21.0%), from €106,769 to €84,394
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 | €1,429,095 | €1,739,313 | +€310,218 | +21.7% |
| Fixed assets | 21/28 | €828,015 | €978,876 | +€150,861 | +18.2% |
| Intangible fixed assets | 21 | €617,291 | €519,894 | -€97,397 | -15.8% |
| Tangible fixed assets | 22/27 | €209,223 | €457,482 | +€248,259 | +119% |
| Plant, machinery and equipment | 23 | €28,430 | €19,573 | -€8,857 | -31.2% |
| Furniture and vehicles | 24 | €105,686 | €362,879 | +€257,192 | +243% |
| Other tangible fixed assets | 26 | €75,107 | €75,031 | -€77 | -0.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €601,080 | €760,438 | +€159,357 | +26.5% |
| Stocks and contracts in progress | 3 | €156,300 | €188,800 | +€32,500 | +20.8% |
| Stocks | 30/36 | €156,300 | €188,800 | +€32,500 | +20.8% |
| Amounts receivable within one year | 40/41 | €99,018 | €199,866 | +€100,848 | +102% |
| Trade receivables | 40 | €85,209 | €108,044 | +€22,835 | +26.8% |
| Other amounts receivable | 41 | €13,809 | €91,822 | +€78,014 | +565% |
| Current investments | 50/53 | €100,000 | €48,809 | -€51,191 | -51.2% |
| Cash at bank and in hand | 54/58 | €208,226 | €285,061 | +€76,836 | +36.9% |
| Deferred charges and accrued income | 490/1 | €37,536 | €37,901 | +€365 | +1.0% |
| Total equity and liabilities | 10/49 | €1,429,095 | €1,739,313 | +€310,218 | +21.7% |
| Equity | 10/15 | €513,008 | €717,669 | +€204,661 | +39.9% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €506,560 | €710,560 | +€204,000 | +40.3% |
| Distributable reserves | 133 | €506,560 | €710,560 | +€204,000 | +40.3% |
| Profit (loss) carried forward | 14 | €246 | €907 | +€661 | +269% |
| Amounts payable | 17/49 | €916,087 | €1,021,644 | +€105,557 | +11.5% |
| Amounts payable after more than one year | 17 | €597,206 | €460,023 | -€137,183 | -23.0% |
| Financial debts | 170/4 | €597,206 | €460,023 | -€137,183 | -23.0% |
| Amounts payable within one year | 42/48 | €317,396 | €560,424 | +€243,028 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €139,690 | €142,203 | +€2,513 | +1.8% |
| Trade debts | 44 | €19,430 | €232,591 | +€213,161 | +1,097% |
| Suppliers | 440/4 | €19,430 | €232,591 | +€213,161 | +1,097% |
| Taxes, remuneration and social security | 45 | €70,606 | €63,965 | -€6,641 | -9.4% |
| Taxes | 450/3 | €8,289 | €8,846 | +€557 | +6.7% |
| Remuneration and social security | 454/9 | €62,317 | €55,118 | -€7,198 | -11.6% |
| Other amounts payable | 47/48 | €87,670 | €121,665 | +€33,995 | +38.8% |
| Accrued charges and deferred income | 492/3 | €1,485 | €1,198 | -€287 | -19.3% |
| Remuneration, social security and pensions | 62 | €391,645 | €393,501 | +€1,856 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,859 | €153,261 | +€3,402 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,860 | -€826 | -€7,686 | |
| Other operating charges | 640/8 | €7,531 | €8,361 | +€830 | +11.0% |
| Gross operating margin | 9900 | €967,315 | €901,606 | -€65,709 | -6.8% |
| Operating profit (loss) | 9901 | €411,421 | €347,310 | -€64,111 | -15.6% |
| Financial income | 75/76B | €4,635 | €7,507 | +€2,872 | +62.0% |
| Recurring financial income | 75 | €4,635 | €7,507 | +€2,872 | +62.0% |
| Financial charges | 65/66B | €13,732 | €15,762 | +€2,030 | +14.8% |
| Recurring financial charges | 65 | €13,732 | €15,762 | +€2,030 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €402,324 | €339,055 | -€63,269 | -15.7% |
| Income taxes | 67/77 | €106,769 | €84,394 | -€22,375 | -21.0% |
| Profit (loss) for the period | 9904 | €295,555 | €254,661 | -€40,894 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €295,555 | €254,661 | -€40,894 | -13.8% |
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 24 October 2026 via checked.be.