DOC GIELIS: 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.
DOC GIELIS
Largest movements
- Receivables within one year +€21,178
up €21,178 (+35.5%), from €59,709 to €80,887
of which Trade receivables: +€23,972
- Intangible fixed assets -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Cash -€7,265
down €7,265 (-21.3%), from €34,083 to €26,818
mainly Receivables within one year (-€21,178) and Debts after one year (-€8,198)
- Tangible fixed assets +€2,460
up €2,460 (+59.4%), from €4,141 to €6,601
- Reserves +€23,819
up €23,819 (+58.1%), from €40,977 to €64,796
- Debts after one year -€8,198
down €8,198 (-79.9%), from €10,266 to €2,068
- Tax, wage and social debts -€6,157
down €6,157 (-74.8%), from €8,232 to €2,075
of which Remuneration and social security: -€6,500
- Trade debts -€2,375
down €2,375 (-61.2%), from €3,878 to €1,503
- Gross operating margin +€4,312
up €4,312 (+9.7%), from €44,366 to €48,678
- Taxes +€3,058
up €3,058 (+37.8%), from €8,098 to €11,156
- Depreciation -€1,078
down €1,078 (-8.2%), from €13,219 to €12,141
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 | €184,638 | €192,325 | +€7,687 | +4.2% |
| Fixed assets | 21/28 | €54,661 | €47,121 | -€7,540 | -13.8% |
| Intangible fixed assets | 21 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Tangible fixed assets | 22/27 | €4,141 | €6,601 | +€2,460 | +59.4% |
| Plant, machinery and equipment | 23 | €4,141 | €6,601 | +€2,460 | +59.4% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €129,977 | €145,204 | +€15,227 | +11.7% |
| Stocks and contracts in progress | 3 | €30,324 | €31,224 | +€900 | +3.0% |
| Stocks | 30/36 | €30,324 | €31,224 | +€900 | +3.0% |
| Amounts receivable within one year | 40/41 | €59,709 | €80,887 | +€21,178 | +35.5% |
| Trade receivables | 40 | €50,235 | €74,207 | +€23,972 | +47.7% |
| Other amounts receivable | 41 | €9,474 | €6,680 | -€2,794 | -29.5% |
| Cash at bank and in hand | 54/58 | €34,083 | €26,818 | -€7,265 | -21.3% |
| Deferred charges and accrued income | 490/1 | €5,861 | €6,275 | +€414 | +7.1% |
| Total equity and liabilities | 10/49 | €184,638 | €192,325 | +€7,687 | +4.2% |
| Equity | 10/15 | €141,553 | €165,372 | +€23,819 | +16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,977 | €64,796 | +€23,819 | +58.1% |
| Distributable reserves | 133 | €40,977 | €64,796 | +€23,819 | +58.1% |
| Profit (loss) carried forward | 14 | €80,576 | €80,576 | = | 0.0% |
| Amounts payable | 17/49 | €43,085 | €26,953 | -€16,132 | -37.4% |
| Amounts payable after more than one year | 17 | €10,266 | €2,068 | -€8,198 | -79.9% |
| Financial debts | 170/4 | €10,266 | €2,068 | -€8,198 | -79.9% |
| Amounts payable within one year | 42/48 | €32,819 | €24,885 | -€7,934 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €8,083 | €8,198 | +€115 | +1.4% |
| Financial debts | 43 | €10,978 | €11,022 | +€44 | +0.4% |
| Credit institutions | 430/8 | €10,978 | €11,022 | +€44 | +0.4% |
| Trade debts | 44 | €3,878 | €1,503 | -€2,375 | -61.2% |
| Suppliers | 440/4 | €3,878 | €1,503 | -€2,375 | -61.2% |
| Taxes, remuneration and social security | 45 | €8,232 | €2,075 | -€6,157 | -74.8% |
| Taxes | 450/3 | €1,732 | €2,075 | +€343 | +19.8% |
| Remuneration and social security | 454/9 | €6,500 | - | -€6,500 | |
| Other amounts payable | 47/48 | €1,648 | €2,087 | +€439 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,219 | €12,141 | -€1,078 | -8.2% |
| Other operating charges | 640/8 | €869 | €899 | +€30 | +3.5% |
| Gross operating margin | 9900 | €44,366 | €48,678 | +€4,312 | +9.7% |
| Operating profit (loss) | 9901 | €30,278 | €35,638 | +€5,360 | +17.7% |
| Financial income | 75/76B | €14 | €4 | -€10 | -71.4% |
| Recurring financial income | 75 | €14 | €4 | -€10 | -71.4% |
| Financial charges | 65/66B | €707 | €667 | -€40 | -5.7% |
| Recurring financial charges | 65 | €707 | €667 | -€40 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €29,585 | €34,975 | +€5,390 | +18.2% |
| Income taxes | 67/77 | €8,098 | €11,156 | +€3,058 | +37.8% |
| Profit (loss) for the period | 9904 | €21,487 | €23,819 | +€2,332 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,487 | €23,819 | +€2,332 | +10.9% |
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 14 October 2026 via checked.be.