G.I.L.: 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.
G.I.L.
Largest movements
- Tangible fixed assets -€67,892
down €67,892 (-8.8%), from €775,050 to €707,158
of which Land and buildings: -€67,604
- Cash +€54,265
up €54,265 (+18.8%), from €288,600 to €342,865
mainly Depreciation (+€68,594) and Net result for the year (+€10,841)
- Debts after one year -€25,097
down €25,097 (-5.3%), from €470,880 to €445,783
of which Financial debts: -€25,207
- Profit (loss) carried forward +€12,565
up €12,565 (+16.9%), from -€74,570 to -€62,005
- Depreciation -€7,460
down €7,460 (-9.8%), from €76,054 to €68,594
- Gross operating margin +€3,958
up €3,958 (+3.8%), from €103,081 to €107,038
- Financial income +€1,951
up €1,951 (+63.5%), from €3,075 to €5,026
- Other operating charges +€1,367
up €1,367 (+8.4%), from €16,277 to €17,644
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 | €1,075,757 | €1,057,515 | -€18,241 | -1.7% |
| Fixed assets | 21/28 | €775,050 | €707,158 | -€67,892 | -8.8% |
| Tangible fixed assets | 22/27 | €775,050 | €707,158 | -€67,892 | -8.8% |
| Land and buildings | 22 | €774,444 | €706,839 | -€67,604 | -8.7% |
| Furniture and vehicles | 24 | €606 | €318 | -€287 | -47.4% |
| Current assets | 29/58 | €300,707 | €350,358 | +€49,651 | +16.5% |
| Amounts receivable within one year | 40/41 | €2,472 | €1,858 | -€614 | -24.8% |
| Trade receivables | 40 | €1,550 | €350 | -€1,200 | -77.4% |
| Other amounts receivable | 41 | €922 | €1,508 | +€586 | +63.5% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €288,600 | €342,865 | +€54,265 | +18.8% |
| Deferred charges and accrued income | 490/1 | €4,635 | €635 | -€4,000 | -86.3% |
| Total equity and liabilities | 10/49 | €1,075,757 | €1,057,515 | -€18,241 | -1.7% |
| Equity | 10/15 | €522,128 | €532,969 | +€10,841 | +2.1% |
| Contributions | 10/11 | €384,235 | €384,235 | = | 0.0% |
| Reserves | 13 | €212,463 | €210,739 | -€1,724 | -0.8% |
| Tax-exempt reserves | 132 | €15,823 | €14,099 | -€1,724 | -10.9% |
| Distributable reserves | 133 | €196,640 | €196,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,570 | -€62,005 | +€12,565 | +16.9% |
| Provisions and deferred taxes | 16 | €5,274 | €4,700 | -€575 | -10.9% |
| Deferred taxes | 168 | €5,274 | €4,700 | -€575 | -10.9% |
| Amounts payable | 17/49 | €548,354 | €519,846 | -€28,508 | -5.2% |
| Amounts payable after more than one year | 17 | €470,880 | €445,783 | -€25,097 | -5.3% |
| Financial debts | 170/4 | €465,047 | €439,840 | -€25,207 | -5.4% |
| Other amounts payable | 178/9 | €5,833 | €5,943 | +€110 | +1.9% |
| Amounts payable within one year | 42/48 | €77,474 | €74,063 | -€3,411 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €24,869 | €25,207 | +€338 | +1.4% |
| Trade debts | 44 | €122 | €1,852 | +€1,731 | +1,424% |
| Suppliers | 440/4 | €122 | €1,852 | +€1,731 | +1,424% |
| Taxes, remuneration and social security | 45 | €4,080 | €4,080 | = | 0.0% |
| Taxes | 450/3 | €4,080 | €4,080 | = | 0.0% |
| Other amounts payable | 47/48 | €48,403 | €42,923 | -€5,480 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,054 | €68,594 | -€7,460 | -9.8% |
| Other operating charges | 640/8 | €16,277 | €17,644 | +€1,367 | +8.4% |
| Gross operating margin | 9900 | €103,081 | €107,038 | +€3,958 | +3.8% |
| Operating profit (loss) | 9901 | €10,750 | €20,801 | +€10,051 | +93.5% |
| Financial income | 75/76B | €3,075 | €5,026 | +€1,951 | +63.5% |
| Recurring financial income | 75 | €3,075 | €5,026 | +€1,951 | +63.5% |
| Financial charges | 65/66B | €15,893 | €15,560 | -€333 | -2.1% |
| Recurring financial charges | 65 | €15,893 | €15,560 | -€333 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,068 | €10,267 | +€12,335 | |
| Transfer from deferred taxes | 780 | €575 | €575 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€1,494 | €10,841 | +€12,336 | |
| Transfer from tax-exempt reserves | 789 | €1,724 | €1,724 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €229 | €12,565 | +€12,336 | +5,375% |
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 27 October 2026 via checked.be.