Drs GILSON-SERVAIS: what changed
Drs GILSON-SERVAIS
Largest movements
- Cash +€95,527
up €95,527 (+59.9%), from €159,457 to €254,984
mainly Net result for the year (+€103,500) and Depreciation (+€30,629)
- Tangible fixed assets -€30,629
down €30,629 (-49.2%), from €62,276 to €31,647
of which Plant, machinery and equipment: -€16,183
- Receivables within one year -€17,141
down €17,141 (-7.6%), from €225,895 to €208,755
of which Other amounts receivable: -€11,862
- Reserves +€48,000
up €48,000 (+20.2%), from €237,960 to €285,960
- Tax, wage and social debts +€25,591
up €25,591 (+289%), from €8,862 to €34,453
of which Taxes: +€27,453
- Debts after one year -€19,168
down €19,168 (-50.6%), from €37,857 to €18,689
- Current portion of long-term debt -€6,759
down €6,759 (-25.6%), from €26,354 to €19,595
- Gross operating margin +€74,607
up €74,607 (+42.8%), from €174,466 to €249,073
- Taxes +€27,842
up €27,842 (+162%), from €17,238 to €45,079
- Staff costs -€13,564
down €13,564 (-16.9%), from €80,253 to €66,688
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,628 | €495,386 | +€47,757 | +10.7% |
| Fixed assets | 21/28 | €62,276 | €31,647 | -€30,629 | -49.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €62,276 | €31,647 | -€30,629 | -49.2% |
| Plant, machinery and equipment | 23 | €41,517 | €25,333 | -€16,183 | -39.0% |
| Furniture and vehicles | 24 | €12,908 | €2,480 | -€10,428 | -80.8% |
| Other tangible fixed assets | 26 | €7,852 | €3,834 | -€4,018 | -51.2% |
| Current assets | 29/58 | €385,352 | €463,738 | +€78,386 | +20.3% |
| Amounts receivable within one year | 40/41 | €225,895 | €208,755 | -€17,141 | -7.6% |
| Trade receivables | 40 | €42,001 | €36,723 | -€5,279 | -12.6% |
| Other amounts receivable | 41 | €183,894 | €172,032 | -€11,862 | -6.5% |
| Cash at bank and in hand | 54/58 | €159,457 | €254,984 | +€95,527 | +59.9% |
| Total equity and liabilities | 10/49 | €447,628 | €495,386 | +€47,757 | +10.7% |
| Equity | 10/15 | €368,947 | €416,947 | +€48,000 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €237,960 | €285,960 | +€48,000 | +20.2% |
| Distributable reserves | 133 | €237,960 | €285,960 | +€48,000 | +20.2% |
| Profit (loss) carried forward | 14 | €124,787 | €124,787 | = | 0.0% |
| Amounts payable | 17/49 | €78,682 | €78,439 | -€243 | -0.3% |
| Amounts payable after more than one year | 17 | €37,857 | €18,689 | -€19,168 | -50.6% |
| Financial debts | 170/4 | €37,857 | €18,689 | -€19,168 | -50.6% |
| Amounts payable within one year | 42/48 | €40,825 | €59,750 | +€18,925 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €26,354 | €19,595 | -€6,759 | -25.6% |
| Trade debts | 44 | €5,608 | €5,702 | +€93 | +1.7% |
| Suppliers | 440/4 | €5,608 | €5,702 | +€93 | +1.7% |
| Taxes, remuneration and social security | 45 | €8,862 | €34,453 | +€25,591 | +289% |
| Taxes | 450/3 | €7,000 | €34,453 | +€27,453 | +392% |
| Remuneration and social security | 454/9 | €1,862 | - | -€1,862 | |
| Remuneration, social security and pensions | 62 | €80,253 | €66,688 | -€13,564 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,454 | €30,629 | -€825 | -2.6% |
| Other operating charges | 640/8 | €1,399 | €940 | -€459 | -32.8% |
| Gross operating margin | 9900 | €174,466 | €249,073 | +€74,607 | +42.8% |
| Operating profit (loss) | 9901 | €61,360 | €150,816 | +€89,455 | +146% |
| Financial income | 75/76B | €1,351 | €810 | -€541 | -40.1% |
| Recurring financial income | 75 | €1,351 | €810 | -€541 | -40.1% |
| Financial charges | 65/66B | €3,674 | €3,046 | -€628 | -17.1% |
| Recurring financial charges | 65 | €3,674 | €3,046 | -€628 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €59,038 | €148,579 | +€89,542 | +152% |
| Income taxes | 67/77 | €17,238 | €45,079 | +€27,842 | +162% |
| Profit (loss) for the period | 9904 | €41,800 | €103,500 | +€61,700 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €41,800 | €103,500 | +€61,700 | +148% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.