F. GILIS: 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.
F. GILIS
Largest movements
- Tangible fixed assets -€70,011
down €70,011 (-19.2%), from €364,672 to €294,661
of which Furniture and vehicles: -€35,976
- Receivables within one year +€24,749
up €24,749 (+114%), from €21,703 to €46,452
of which Trade receivables: +€23,849
- Trade debts -€21,109
down €21,109 (-75.7%), from €27,874 to €6,765
- Debts after one year -€11,682
down €11,682 (-8.8%), from €132,754 to €121,072
of which Financial debts: -€11,682
- Other debts -€10,082
down €10,082 (-18.2%), from €55,264 to €45,182
- Profit (loss) carried forward +€7,993
up €7,993 (+9.9%), from €80,505 to €88,498
- Current portion of long-term debt -€6,191
down €6,191 (-12.4%), from €50,078 to €43,887
- Financial income -€20,793
no longer reported in 2025 (was €20,793)
of which Non-recurring financial income: -€20,250
- Taxes -€9,628
down €9,628 (-81.7%), from €11,785 to €2,157
- Depreciation +€9,461
up €9,461 (+23.0%), from €41,147 to €50,608
- Gross operating margin +€3,067
up €3,067 (+3.9%), from €77,888 to €80,955
- Other operating charges +€860
up €860 (+32.6%), from €2,639 to €3,499
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,375 | €386,113 | -€48,262 | -11.1% |
| Fixed assets | 21/28 | €364,672 | €294,661 | -€70,011 | -19.2% |
| Tangible fixed assets | 22/27 | €364,672 | €294,661 | -€70,011 | -19.2% |
| Land and buildings | 22 | €18,550 | €19,701 | +€1,151 | +6.2% |
| Plant, machinery and equipment | 23 | €82,864 | €47,678 | -€35,186 | -42.5% |
| Furniture and vehicles | 24 | €263,258 | €227,282 | -€35,976 | -13.7% |
| Current assets | 29/58 | €69,703 | €91,452 | +€21,749 | +31.2% |
| Stocks and contracts in progress | 3 | €48,000 | €45,000 | -€3,000 | -6.3% |
| Stocks | 30/36 | €48,000 | €45,000 | -€3,000 | -6.3% |
| Amounts receivable within one year | 40/41 | €21,703 | €46,452 | +€24,749 | +114% |
| Trade receivables | 40 | €21,703 | €45,552 | +€23,849 | +110% |
| Other amounts receivable | 41 | - | €900 | +€900 | |
| Total equity and liabilities | 10/49 | €434,375 | €386,113 | -€48,262 | -11.1% |
| Equity | 10/15 | €100,505 | €108,498 | +€7,993 | +8.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,505 | €88,498 | +€7,993 | +9.9% |
| Amounts payable | 17/49 | €333,870 | €277,615 | -€56,255 | -16.8% |
| Amounts payable after more than one year | 17 | €132,754 | €121,072 | -€11,682 | -8.8% |
| Financial debts | 170/4 | €112,754 | €101,072 | -€11,682 | -10.4% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €201,116 | €156,543 | -€44,573 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €50,078 | €43,887 | -€6,191 | -12.4% |
| Financial debts | 43 | €49,150 | €46,474 | -€2,676 | -5.4% |
| Credit institutions | 430/8 | €49,150 | €46,474 | -€2,676 | -5.4% |
| Trade debts | 44 | €27,874 | €6,765 | -€21,109 | -75.7% |
| Suppliers | 440/4 | €27,874 | €6,765 | -€21,109 | -75.7% |
| Taxes, remuneration and social security | 45 | €18,750 | €14,235 | -€4,515 | -24.1% |
| Taxes | 450/3 | €17,500 | €12,985 | -€4,515 | -25.8% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €55,264 | €45,182 | -€10,082 | -18.2% |
| Non-recurring operating income | 76A | - | €4,445 | +€4,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,147 | €50,608 | +€9,461 | +23.0% |
| Other operating charges | 640/8 | €2,639 | €3,499 | +€860 | +32.6% |
| Non-recurring operating charges | 66A | - | €4,255 | +€4,255 | |
| Gross operating margin | 9900 | €77,888 | €80,955 | +€3,067 | +3.9% |
| Operating profit (loss) | 9901 | €34,102 | €22,593 | -€11,509 | -33.7% |
| Financial income | 75/76B | €20,793 | - | -€20,793 | |
| Recurring financial income | 75 | €543 | - | -€543 | |
| Non-recurring financial income | 76B | €20,250 | - | -€20,250 | |
| Financial charges | 65/66B | €12,066 | €12,443 | +€377 | +3.1% |
| Recurring financial charges | 65 | €12,066 | €12,443 | +€377 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €42,829 | €10,150 | -€32,679 | -76.3% |
| Income taxes | 67/77 | €11,785 | €2,157 | -€9,628 | -81.7% |
| Profit (loss) for the period | 9904 | €31,044 | €7,993 | -€23,051 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,044 | €7,993 | -€23,051 | -74.3% |
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 17 October 2026 via checked.be.