GGILLET: 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.
GGILLET
Largest movements
- Current investments +€45,000
up €45,000 (+100%), from €45,000 to €90,000
- Cash +€44,316
up €44,316 (+32.6%), from €136,112 to €180,428
mainly Net result for the year (+€144,393) and Depreciation (+€11,354)
- Receivables within one year +€39,674
up €39,674 (+109%), from €36,421 to €76,095
- Tangible fixed assets -€6,354
down €6,354 (-41.0%), from €15,480 to €9,126
- Reserves +€144,393
up €144,393 (+61.2%), from €235,807 to €380,200
- Tax, wage and social debts -€12,282
down €12,282 (-46.0%), from €26,721 to €14,439
- Trade debts -€4,551
down €4,551 (-99.1%), from €4,590 to €39
- Gross operating margin -€138,254
down €138,254 (-38.8%), from €356,071 to €217,818
- Taxes -€41,112
down €41,112 (-38.5%), from €106,721 to €65,609
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 | €276,206 | €402,678 | +€126,472 | +45.8% |
| Fixed assets | 21/28 | €15,540 | €9,186 | -€6,354 | -40.9% |
| Tangible fixed assets | 22/27 | €15,480 | €9,126 | -€6,354 | -41.0% |
| Furniture and vehicles | 24 | €15,480 | €9,126 | -€6,354 | -41.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €260,666 | €393,492 | +€132,826 | +51.0% |
| Amounts receivable within one year | 40/41 | €36,421 | €76,095 | +€39,674 | +109% |
| Other amounts receivable | 41 | €36,421 | €76,095 | +€39,674 | +109% |
| Current investments | 50/53 | €45,000 | €90,000 | +€45,000 | +100% |
| Cash at bank and in hand | 54/58 | €136,112 | €180,428 | +€44,316 | +32.6% |
| Deferred charges and accrued income | 490/1 | €43,134 | €46,969 | +€3,835 | +8.9% |
| Total equity and liabilities | 10/49 | €276,206 | €402,678 | +€126,472 | +45.8% |
| Equity | 10/15 | €243,807 | €388,200 | +€144,393 | +59.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €235,807 | €380,200 | +€144,393 | +61.2% |
| Distributable reserves | 133 | €235,807 | €380,200 | +€144,393 | +61.2% |
| Amounts payable | 17/49 | €32,400 | €14,478 | -€17,921 | -55.3% |
| Amounts payable within one year | 42/48 | €31,311 | €14,478 | -€16,832 | -53.8% |
| Trade debts | 44 | €4,590 | €39 | -€4,551 | -99.1% |
| Suppliers | 440/4 | €4,590 | €39 | -€4,551 | -99.1% |
| Taxes, remuneration and social security | 45 | €26,721 | €14,439 | -€12,282 | -46.0% |
| Taxes | 450/3 | €26,721 | €14,439 | -€12,282 | -46.0% |
| Accrued charges and deferred income | 492/3 | €1,089 | - | -€1,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,659 | €11,354 | -€3,305 | -22.5% |
| Other operating charges | 640/8 | €183 | €180 | -€3 | -1.4% |
| Gross operating margin | 9900 | €356,071 | €217,818 | -€138,254 | -38.8% |
| Operating profit (loss) | 9901 | €341,229 | €206,283 | -€134,946 | -39.5% |
| Financial income | 75/76B | €1,152 | €3,734 | +€2,582 | +224% |
| Recurring financial income | 75 | €1,152 | €3,734 | +€2,582 | +224% |
| Financial charges | 65/66B | -€146 | €16 | +€162 | |
| Recurring financial charges | 65 | -€146 | €16 | +€162 | |
| Profit (loss) for the period before taxes | 9903 | €342,527 | €210,002 | -€132,525 | -38.7% |
| Income taxes | 67/77 | €106,721 | €65,609 | -€41,112 | -38.5% |
| Profit (loss) for the period | 9904 | €235,807 | €144,393 | -€91,413 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €235,807 | €144,393 | -€91,413 | -38.8% |
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 31 October 2026 via checked.be.