GAILLIAERT: 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.
GAILLIAERT
Largest movements
- Cash +€43,465
up €43,465 (+89.7%), from €48,482 to €91,947
mainly Current investments (+€40,000) and Net result for the year (+€7,992)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Stocks and contracts -€4,290
down €4,290 (-31.8%), from €13,500 to €9,210
- Receivables within one year -€2,444
down €2,444 (-29.2%), from €8,372 to €5,928
of which Trade receivables: -€3,766
- Trade debts -€7,995
down €7,995 (-76.8%), from €10,409 to €2,415
- Reserves +€6,326
up €6,326 (+8.2%), from €77,403 to €83,728
of which Distributable reserves: +€6,326
- Other debts -€1,801
down €1,801 (-13.2%), from €13,599 to €11,798
- Gross operating margin -€18,318
down €18,318 (-58.0%), from €31,590 to €13,273
- Taxes -€5,455
down €5,455 (-59.0%), from €9,246 to €3,791
- Financial income +€1,001
up €1,001 (+902%), from €111 to €1,112
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 | €114,557 | €111,087 | -€3,469 | -3.0% |
| Fixed assets | 21/28 | €1,462 | €1,217 | -€245 | -16.8% |
| Tangible fixed assets | 22/27 | €962 | €647 | -€315 | -32.8% |
| Plant, machinery and equipment | 23 | €962 | €647 | -€315 | -32.8% |
| Financial fixed assets | 28 | €500 | €570 | +€70 | +14.0% |
| Current assets | 29/58 | €113,094 | €109,870 | -€3,224 | -2.9% |
| Stocks and contracts in progress | 3 | €13,500 | €9,210 | -€4,290 | -31.8% |
| Stocks | 30/36 | €13,500 | €9,210 | -€4,290 | -31.8% |
| Amounts receivable within one year | 40/41 | €8,372 | €5,928 | -€2,444 | -29.2% |
| Trade receivables | 40 | €4,656 | €890 | -€3,766 | -80.9% |
| Other amounts receivable | 41 | €3,716 | €5,038 | +€1,322 | +35.6% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €48,482 | €91,947 | +€43,465 | +89.7% |
| Deferred charges and accrued income | 490/1 | €2,741 | €2,785 | +€44 | +1.6% |
| Total equity and liabilities | 10/49 | €114,557 | €111,087 | -€3,469 | -3.0% |
| Equity | 10/15 | €89,803 | €96,128 | +€6,326 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,403 | €83,728 | +€6,326 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,543 | €81,868 | +€6,326 | +8.4% |
| Amounts payable | 17/49 | €24,754 | €14,959 | -€9,795 | -39.6% |
| Amounts payable within one year | 42/48 | €24,754 | €14,959 | -€9,795 | -39.6% |
| Trade debts | 44 | €10,409 | €2,415 | -€7,995 | -76.8% |
| Suppliers | 440/4 | €10,409 | €2,415 | -€7,995 | -76.8% |
| Taxes, remuneration and social security | 45 | €746 | €746 | = | 0.0% |
| Taxes | 450/3 | €746 | €746 | = | 0.0% |
| Other amounts payable | 47/48 | €13,599 | €11,798 | -€1,801 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €315 | = | 0.0% |
| Other operating charges | 640/8 | €1,375 | €1,400 | +€25 | +1.8% |
| Gross operating margin | 9900 | €31,590 | €13,273 | -€18,318 | -58.0% |
| Operating profit (loss) | 9901 | €29,900 | €11,558 | -€18,343 | -61.3% |
| Financial income | 75/76B | €111 | €1,112 | +€1,001 | +902% |
| Recurring financial income | 75 | €111 | €1,112 | +€1,001 | +902% |
| Financial charges | 65/66B | €1,103 | €887 | -€216 | -19.6% |
| Recurring financial charges | 65 | €1,103 | €887 | -€216 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €28,908 | €11,783 | -€17,126 | -59.2% |
| Income taxes | 67/77 | €9,246 | €3,791 | -€5,455 | -59.0% |
| Profit (loss) for the period | 9904 | €19,662 | €7,992 | -€11,670 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,662 | €7,992 | -€11,670 | -59.4% |
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 1 November 2026 via checked.be.